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| 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% |