Booking Holdings (BKNG) Operating Expenses (2009 - 2026)
Booking Holdings (BKNG) posted Operating Expenses of $4.3 billion for Q1 2026, down 1.34% on a QoQ basis from $4.3 billion in Q4 2025, and up 15.16% year-over-year from $3.7 billion in Q1 2025.
Booking Holdings (BKNG) Operating Expenses (2009 - 2026) Analysis & Trends
Booking Holdings' Operating Expenses history runs 18 years deep, the most recent figure standing at $4.3 billion for Q1 2026.
- Quarterly Operating Expenses rose 15.16% year-over-year to $4.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $18.7 billion (up 14.72% YoY) and the FY2025 annual result came in at $18.1 billion, up 11.79% from the prior year.
- Operating Expenses was $4.3 billion for Q1 2026 at Booking Holdings, down 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.
- A 5-year average of $3.9 billion and a median of $3.8 billion in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 73.62% — and 2024, when it slipped 10.37%.
- Booking Holdings' 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 fell by 1.34% to $4.3 billion in 2026.
- Business Quant data shows BKNG's Operating Expenses at $4.3 billion in Q1 2026, $4.3 billion in Q4 2025, and $5.5 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 4.26 Bn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 582.00 Mn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 2.59 Bn |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 379,000.00 |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | -352.87 Mn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 4.23 Bn |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 576.00 Mn |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 720.40 Mn |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 105.66 Mn |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 837.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 2.22 Bn |