Booking Holdings (BKNG) Return on Capital Employed (2010 - 2026)

Booking Holdings (BKNG) reported Return on Capital Employed of 104.07% for Q1 2026, up 3328.0% on a YoY basis from 3.04% in Q1 2025, and up 45.16% quarter-over-quarter from 71.69% in Q4 2025.

Booking Holdings (BKNG) Return on Capital Employed (2010 - 2026) Analysis & Trends

Booking Holdings has reported Return on Capital Employed for 17 years, with the latest figure at 104.07% in Q1 2026.

  • For the quarter ending Q1 2026, Return on Capital Employed rose 3328.0% year-over-year to 104.07%; the trailing twelve-month figure through Mar 2026 stood at 104.07% (up 3328.0% YoY), and the FY2025 full-year result was 74.86%, up 207.0% from the prior year.
  • Return on Capital Employed for Q1 2026 stood at 104.07%, up from 71.69% in the prior quarter.
  • The five-year high for Return on Capital Employed was 104.07% in Q1 2026, with the low at 19.19% in Q1 2022.
  • Historically, Return on Capital Employed has averaged 55.03% across 5 years, with a median of 55.56% in 2024.
  • Annual changes were most pronounced in 2025 — Return on Capital Employed surged 368 bps — and 2026, when it jumped 3328 bps.
  • Booking Holdings' Return on Capital Employed stood at 33.48% in 2022, then jumped by 49 bps to 50.05% in 2023, then advanced by 24 bps to 61.95% in 2024, then grew by 16 bps to 71.69% in 2025, then soared by 45 bps to 104.07% in 2026.
  • The last three Return on Capital Employed figures came in at 104.07% (Q1 2026), 71.69% (Q4 2025), and 63.36% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 104.07%
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 31.79%
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 16.68%
4 Carnival 37.80 Bn 36.39 Bn - 11.60%
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 35.97%
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 0.57%
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 2.23%
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn -
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 8.24%
10 MakeMyTrip 2.12 Bn 1.35 Bn - 10.65%

Historic Data

Download Data
DateValue
Mar 31, 2026 104.07%
Dec 31, 2025 71.69%
Sep 30, 2025 63.36%
Jun 30, 2025 79.79%
Mar 31, 2025 70.79%
Dec 31, 2024 61.95%
Sep 30, 2024 55.56%
Jun 30, 2024 64.05%
Mar 31, 2024 67.11%
Dec 31, 2023 50.05%
Sep 30, 2023 49.54%
Jun 30, 2023 45.15%
Mar 31, 2023 37.84%
Dec 31, 2022 33.48%
Sep 30, 2022 31.25%
Jun 30, 2022 30.68%
Mar 31, 2022 19.19%
Dec 31, 2021 14.47%
Sep 30, 2021 8.38%
Jun 30, 2021 -1.20%