Booking Holdings (BKNG) Operating Expenses (2009 - 2026)
Booking Holdings' (BKNG) quarterly Operating Expenses came in at $4.9 billion in Q2 2026, up 6.68% on a YoY basis from $4.5 billion in Q2 2025, and up 13.87% quarter-over-quarter from $4.3 billion in Q1 2026.
Analysis
Booking Holdings (BKNG) Operating Expenses (2009 - 2026) Analysis & Trends
Booking Holdings (BKNG) has reported Operating Expenses for 18 consecutive years, with $4.9 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 6.68% year-over-year to $4.9 billion; the trailing twelve-month figure through Jun 2026 stood at $19.0 billion (up 12.81% YoY), and the FY2025 full-year result was $18.1 billion, up 11.79% from the prior year.
- Operating Expenses grew to $4.9 billion in Q2 2026 per BKNG's latest filing, from $4.3 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $5.5 billion in Q3 2025 and bottomed at $2.5 billion in Q1 2022.
- Historically, Operating Expenses has averaged $3.9 billion across 5 years, with a median of $3.9 billion in 2023.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 73.62% in 2022, then retreated 10.37% in 2024.
- Over 5 years, Operating Expenses stood at $2.7 billion in 2022, then soared by 54.4% to $4.2 billion in 2023, then declined by 10.37% to $3.7 billion in 2024, then gained by 15.42% to $4.3 billion in 2025, then increased by 12.34% to $4.9 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $4.9 billion, $4.3 billion, and $4.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 262.96 Bn | 227.70 Bn | 15.11 Bn | -8.86 Bn |
| 2 | Booking Holdings | 145.23 Bn | 128.02 Bn | 4.98 Bn | 4.85 Bn |
| 3 | PDD Holdings | 117.02 Bn | 86.74 Bn | 9.45 Bn | -5.39 Bn |
| 4 | Airbnb | 107.34 Bn | 95.28 Bn | 2.98 Bn | 2.85 Bn |
| 5 | Mercadolibre | 100.30 Bn | 85.10 Bn | 4.16 Bn | 3.48 Bn |
| 6 | Ebay | 46.02 Bn | 42.71 Bn | 2.30 Bn | 1.63 Bn |
| 7 | Expedia | 34.12 Bn | 26.99 Bn | 3.91 Bn | 2.55 Bn |
| 8 | Maplebear | 11.90 Bn | 11.05 Bn | 751.00 Mn | 608.00 Mn |
| 9 | Full Truck Alliance | 8.08 Bn | 7.12 Bn | - | -279.73 Mn |
| 10 | Etsy | 7.07 Bn | 5.94 Bn | 484.05 Mn | 358.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.85 Bn |
| Mar 31, 2026 | 4.26 Bn |
| Dec 31, 2025 | 4.32 Bn |
| Sep 30, 2025 | 5.53 Bn |
| Jun 30, 2025 | 4.55 Bn |
| Mar 31, 2025 | 3.70 Bn |
| Dec 31, 2024 | 3.74 Bn |
| Sep 30, 2024 | 4.82 Bn |
| Jun 30, 2024 | 4.00 Bn |
| Mar 31, 2024 | 3.62 Bn |
| Dec 31, 2023 | 4.18 Bn |
| Sep 30, 2023 | 4.24 Bn |
| Jun 30, 2023 | 3.79 Bn |
| Mar 31, 2023 | 3.33 Bn |
| Dec 31, 2022 | 2.70 Bn |
| Sep 30, 2022 | 3.47 Bn |
| Jun 30, 2022 | 3.29 Bn |
| Mar 31, 2022 | 2.52 Bn |
| Dec 31, 2021 | 2.13 Bn |
| Sep 30, 2021 | 2.66 Bn |