Booking Holdings (BKNG) Invested Capital (2009 - 2026)
Booking Holdings' (BKNG) quarterly Invested Capital came in at $3.0 billion in Q1 2026, up 360.31% YoY from $655.0 million in Q1 2025, and up 60.37% on a QoQ basis from $1.9 billion in Q4 2025.
Booking Holdings (BKNG) Invested Capital (2009 - 2026) Analysis & Trends
Booking Holdings (BKNG) has 17 years of Invested Capital data on file, last reported at $3.0 billion in Q1 2026.
- Quarterly Invested Capital rose 360.31% year-over-year to $3.0 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $6.9 billion (down 16.61% YoY) and the FY2025 annual result came in at $1.9 billion, up 7.74% from the prior year.
- Invested Capital improved to $3.0 billion in Q1 2026, from $1.9 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $3.5 billion in Q1 2024 to a low of $500.0 million in Q4 2022.
- A 5-year average of $1.7 billion and a median of $1.3 billion in 2022 frame the typical range for Invested Capital.
- Annual changes were most pronounced in 2025 — Invested Capital tumbled 81.08% — and 2026, when it jumped 360.31%.
- Tracing BKNG's Invested Capital over 5 years: stood at $500.0 million in 2022, then surged by 292.2% to $2.0 billion in 2023, then slipped by 11.01% to $1.7 billion in 2024, then grew by 7.74% to $1.9 billion in 2025, then soared by 60.37% to $3.0 billion in 2026.
- The last three Invested Capital figures came in at $3.0 billion (Q1 2026), $1.9 billion (Q4 2025), and $999.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 2.00 Bn |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | - |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 1.57 Bn |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 374.61 Mn |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 1.47 Bn |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | - |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 2.90 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 15.47 Bn |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 1.43 Bn |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 61.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.00 Bn |
| Mar 31, 2026 | 3.02 Bn |
| Dec 31, 2025 | 1.88 Bn |
| Sep 30, 2025 | 999.00 Mn |
| Jun 30, 2025 | 999.00 Mn |
| Mar 31, 2025 | 655.00 Mn |
| Dec 31, 2024 | 1.75 Bn |
| Sep 30, 2024 | 2.42 Bn |
| Jun 30, 2024 | 3.45 Bn |
| Mar 31, 2024 | 3.46 Bn |
| Dec 31, 2023 | 1.96 Bn |
| Sep 30, 2023 | 1.91 Bn |
| Jun 30, 2023 | 855.00 Mn |
| Mar 31, 2023 | 854.00 Mn |
| Dec 31, 2022 | 500.00 Mn |
| Sep 30, 2022 | 1.23 Bn |
| Jun 30, 2022 | 1.28 Bn |
| Mar 31, 2022 | 1.33 Bn |
| Dec 31, 2021 | 1.99 Bn |
| Sep 30, 2021 | 1.16 Bn |