Booking Holdings (BKNG) Invested Capital (2009 - 2026)

Booking Holdings (BKNG) reported Invested Capital of $8.2 billion for Q1 2026, down 17.51% on a YoY basis from $9.9 billion in Q1 2025, and down 29.65% quarter-over-quarter from $11.6 billion in Q4 2025.

Booking Holdings (BKNG) Invested Capital (2009 - 2026) Analysis & Trends

Booking Holdings has reported Invested Capital for 18 years, with the latest figure at $8.2 billion in Q1 2026.

  • For the quarter ending Q1 2026, Invested Capital fell 17.51% year-over-year to $8.2 billion; the trailing twelve-month figure through Mar 2026 stood at $8.2 billion (down 17.51% YoY), and the FY2025 full-year result was $11.6 billion, down 7.6% from the prior year.
  • Invested Capital for Q1 2026 stood at $8.2 billion, down from $11.6 billion in the prior quarter.
  • The five-year high for Invested Capital was $15.3 billion in Q4 2022, with the low at $8.2 billion in Q1 2026.
  • Historically, Invested Capital has averaged $12.1 billion across 5 years, with a median of $12.4 billion in 2023.
  • Annual changes were most pronounced in 2023 — Invested Capital slipped 25.07% — and 2024, when it increased 9.95%.
  • Booking Holdings' Invested Capital stood at $15.3 billion in 2022, then fell by 25.07% to $11.4 billion in 2023, then grew by 9.95% to $12.6 billion in 2024, then retreated by 7.6% to $11.6 billion in 2025, then slipped by 29.65% to $8.2 billion in 2026.
  • The last three Invested Capital figures came in at $8.2 billion (Q1 2026), $11.6 billion (Q4 2025), and $12.3 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 8.18 Bn
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 10.11 Bn
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 9.82 Bn
4 Carnival 37.80 Bn 36.39 Bn - 39.05 Bn
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 6.31 Bn
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 18.04 Bn
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 3.13 Bn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 2.63 Bn
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 24.09 Bn
10 MakeMyTrip 2.12 Bn 1.35 Bn - 1.40 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 8.18 Bn
Dec 31, 2025 11.62 Bn
Sep 30, 2025 12.26 Bn
Jun 30, 2025 11.82 Bn
Mar 31, 2025 9.91 Bn
Dec 31, 2024 12.58 Bn
Sep 30, 2024 12.56 Bn
Jun 30, 2024 12.53 Bn
Mar 31, 2024 12.85 Bn
Dec 31, 2023 11.44 Bn
Sep 30, 2023 12.28 Bn
Jun 30, 2023 12.54 Bn
Mar 31, 2023 12.37 Bn
Dec 31, 2022 15.27 Bn
Sep 30, 2022 11.97 Bn
Jun 30, 2022 12.60 Bn
Mar 31, 2022 13.27 Bn
Dec 31, 2021 16.38 Bn
Sep 30, 2021 15.85 Bn
Jun 30, 2021 15.20 Bn