Booking Holdings (BKNG) Net Margin (2009 - 2026)
Booking Holdings (BKNG) posted Net Margin of 19.58% for Q1 2026, down 12.96% on a QoQ basis from 22.49% in Q4 2025, and up 1258.0% year-over-year from 1.44% in Q1 2025.
Booking Holdings (BKNG) Net Margin (2009 - 2026) Analysis & Trends
Booking Holdings' Net Margin history runs 18 years deep, the most recent figure standing at 19.58% for 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 was 19.58% for Q1 2026 at Booking Holdings, down from 22.49% in the prior quarter.
- Across five years, Net Margin topped out at 34.21% in Q3 2023 and bottomed at 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.
- Peak annual rise in Net Margin reached 3301 bps in 2023, while the deepest fall reached 2586 bps in 2023.
- Booking Holdings' Net Margin stood at 30.5% in 2022, then tumbled by 85 bps to 4.64% in 2023, then surged by 321 bps to 19.52% in 2024, then increased by 15 bps to 22.49% in 2025, then retreated by 13 bps to 19.58% in 2026.
- Business Quant data shows BKNG's Net Margin at 19.58% in Q1 2026, 22.49% in Q4 2025, and 30.51% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 19.58% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 21.34% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 5.97% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -9.25% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 17.99% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 8.07% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | -0.35% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 4.49% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 9.69% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 6.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -7.73% |