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
DateValue
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