Booking Holdings (BKNG) Net Margin (2009 - 2026)

Booking Holdings (BKNG) reported Net Margin of 19.58% for Q1 2026, up 1258.0% on a YoY basis from 1.44% in Q1 2025, and down 12.96% quarter-over-quarter from 22.49% in Q4 2025.

Booking Holdings (BKNG) Net Margin (2009 - 2026) Analysis & Trends

Booking Holdings has reported Net Margin for 18 years, with the latest figure at 19.58% in Q1 2026.

  • For the quarter ending Q1 2026, Net Margin rose 1258.0% year-over-year to 19.58%; the trailing twelve-month figure through Mar 2026 stood at 22.23% (down 35.0% YoY), and the FY2025 full-year result was 20.08%, down 470.0% from the prior year.
  • Net Margin for Q1 2026 stood at 19.58%, down from 22.49% in the prior quarter.
  • The five-year high for Net Margin was 34.21% in Q3 2023, with the low at 25.97% in Q1 2022.
  • Historically, Net Margin has averaged 18.16% across 5 years, with a median of 19.96% in 2022.
  • The largest YoY upside for Net Margin was 3301 bps in 2023 against a maximum downside of 2586 bps in 2023.
  • Booking Holdings' Net Margin 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 19.58%
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 5.97%
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 21.34%
4 Carnival 37.80 Bn 36.39 Bn - 4.27%
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn -0.35%
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 4.49%
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 6.19%
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 8.22%
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 12.06%
10 MakeMyTrip 2.12 Bn 1.35 Bn - 9.69%

Historic Data

Download Data
DateValue
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%