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Booking Holdings (BKNG) Operating Expenses (2016 - 2025)

Booking Holdings' Operating Expenses history spans 17 years, with the latest figure at $4.3 billion for Q4 2025.

  • For Q4 2025, Operating Expenses rose 15.42% year-over-year to $4.3 billion; the TTM value through Dec 2025 reached $18.1 billion, up 11.79%, while the annual FY2025 figure was $18.1 billion, 11.79% up from the prior year.
  • Operating Expenses reached $4.3 billion in Q4 2025 per BKNG's latest filing, down from $5.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $5.5 billion in Q3 2025 to a low of $1.5 billion in Q1 2021.
  • Average Operating Expenses over 5 years is $3.5 billion, with a median of $3.7 billion recorded in 2024.
  • The largest YoY upside for Operating Expenses was 98.92% in 2021 against a maximum downside of 44.09% in 2021.
  • A 5-year view of Operating Expenses shows it stood at $2.1 billion in 2021, then rose by 26.77% to $2.7 billion in 2022, then soared by 54.4% to $4.2 billion in 2023, then decreased by 10.37% to $3.7 billion in 2024, then grew by 15.42% to $4.3 billion in 2025.
  • Per Business Quant, the three most recent readings for BKNG's Operating Expenses are $4.3 billion (Q4 2025), $5.5 billion (Q3 2025), and $4.5 billion (Q2 2025).