Booking Holdings (BKNG) Net Margin (2009 - 2026)
Booking Holdings' (BKNG) quarterly Net Margin came in at 19.58% in Q1 2026, up 1258.0% YoY from 1.44% in Q1 2025, and down 12.96% on a QoQ basis from 22.49% in Q4 2025.
Booking Holdings (BKNG) Net Margin (2009 - 2026) Analysis & Trends
Booking Holdings (BKNG) has 18 years of Net Margin data on file, last reported at 19.58% in Q1 2026.
- Quarterly Net Margin rose 1258.0% year-over-year to 19.58% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 22.23% (down 35.0% YoY) and the FY2025 annual result came in at 20.08%, down 470.0% from the prior year.
- Net Margin eased to 19.58% in Q1 2026, from 22.49% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 34.21% in Q3 2023 to a low of 25.97% in Q1 2022.
- A 5-year average of 18.16% and a median of 19.96% in 2022 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 3301 bps in 2023, down 2586 bps in 2023.
- Tracing BKNG's Net Margin over 5 years: stood at 30.5% in 2022, then sank by 85 bps to 4.64% in 2023, then soared by 321 bps to 19.52% in 2024, then climbed by 15 bps to 22.49% in 2025, then declined by 13 bps to 19.58% in 2026.
- The last three Net Margin figures came in at 19.58% (Q1 2026), 22.49% (Q4 2025), and 30.51% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 158.03 Bn | 140.82 Bn | 4.98 Bn | 26.52% |
| 2 | Airbnb | 106.73 Bn | 94.66 Bn | 2.98 Bn | 22.62% |
| 3 | Royal Caribbean Cruises | 80.49 Bn | 79.57 Bn | 2.29 Bn | 23.51% |
| 4 | Viking Holdings | 44.63 Bn | 40.83 Bn | 713.43 Mn | 17.99% |
| 5 | Expedia | 38.77 Bn | 31.64 Bn | 3.91 Bn | 20.28% |
| 6 | Carnival | 38.15 Bn | 35.91 Bn | - | 8.07% |
| 7 | Trip.com | 29.11 Bn | 17.42 Bn | 1.86 Bn | 33.60% |
| 8 | Norwegian Cruise Line Holdings | 8.40 Bn | 8.18 Bn | 1.05 Bn | 8.43% |
| 9 | MakeMyTrip | 5.82 Bn | 5.05 Bn | 212.91 Mn | 3.19% |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 1.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.52% |
| Mar 31, 2026 | 19.58% |
| Dec 31, 2025 | 22.49% |
| Sep 30, 2025 | 30.51% |
| Jun 30, 2025 | 13.17% |
| Mar 31, 2025 | 6.99% |
| Dec 31, 2024 | 19.52% |
| Sep 30, 2024 | 31.49% |
| Jun 30, 2024 | 25.96% |
| Mar 31, 2024 | 17.58% |
| Dec 31, 2023 | 4.64% |
| Sep 30, 2023 | 34.21% |
| Jun 30, 2023 | 23.62% |
| Mar 31, 2023 | 7.04% |
| Dec 31, 2022 | 30.50% |
| Sep 30, 2022 | 27.53% |
| Jun 30, 2022 | 19.96% |
| Mar 31, 2022 | -25.97% |
| Dec 31, 2021 | 20.73% |
| Sep 30, 2021 | 16.45% |