Booking Holdings (BKNG) Operating Margin (2009 - 2026)
Booking Holdings (BKNG) reported Operating Margin of 38.43% for Q3 2026, down 0.23 percentage points from 38.67% a year earlier but up 4.43 percentage points from the prior quarter.
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Analysis
Booking Holdings (BKNG) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Booking Holdings' Operating Margin came in at 32.78%, up 0.04 percentage points year-over-year; for FY2025, it was 32.79%, up 0.96 percentage points from FY2024.
- Operating Margin has a five-year change of +42.07 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 31.83% in FY2024 (+4.51 pp), 27.31% in FY2023 (-2.54 pp), 29.85% in FY2022 (+7.08 pp) and 22.78% in FY2021 (+32.06 pp).
- Five-year quarterly Operating Margin spans a low of 6.46% in Q1 2022 and a high of 42.68% in Q3 2022.
- Year over year, Operating Margin gained in six of the last eight quarters, with an average year-over-year change of +3.16 percentage points.
- The high point for year-over-year Operating Margin in five years was Q4 2021 (a gain of 40.81 percentage points); the low point was Q4 2023 (a drop of 20.49 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 34.00% (Q2 2026), 22.98% (Q1 2026) and 31.97% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 31.81% |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 20.10% |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 34.63% |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 5.64% |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 15.18% |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 9.80% |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 78.22% |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 13.52% |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 38.43% |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 24.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 38.43% |
| Jun 30, 2026 | 34.00% |
| Mar 31, 2026 | 22.98% |
| Dec 31, 2025 | 31.97% |
| Sep 30, 2025 | 38.67% |
| Jun 30, 2025 | 33.10% |
| Mar 31, 2025 | 22.30% |
| Dec 31, 2024 | 31.60% |
| Sep 30, 2024 | 39.77% |
| Jun 30, 2024 | 31.68% |
| Mar 31, 2024 | 17.92% |
| Dec 31, 2023 | 12.73% |
| Sep 30, 2023 | 42.27% |
| Jun 30, 2023 | 30.63% |
| Mar 31, 2023 | 11.91% |
| Dec 31, 2022 | 33.22% |
| Sep 30, 2022 | 42.68% |
| Jun 30, 2022 | 23.29% |
| Mar 31, 2022 | 6.46% |
| Dec 31, 2021 | 28.45% |
API Access
Booking Holdings Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=BKNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "BKNG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=BKNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();