Booking Holdings (BKNG) Return on Invested Capital [ROIC] (2014 - 2026)
Booking Holdings (BKNG) reported Return on Invested Capital [ROIC] of 75.14% for Q3 2026, up 20.47 percentage points from 54.67% a year earlier but down 0.34 percentage points from the prior quarter.
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Analysis
Booking Holdings (BKNG) Return on Invested Capital [ROIC] (2014 - 2026) Analysis & Trends
For FY2025, Booking Holdings posted Return on Invested Capital [ROIC] of 54.25%, up 3.50 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased for five consecutive years, with a five-year change of +54.66 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 50.75% in FY2024 (+16.55 pp), 34.19% in FY2023 (+9.62 pp), 24.57% in FY2022 (+12.90 pp) and 11.67% in FY2021 (+12.09 pp).
- Five-year quarterly Return on Invested Capital [ROIC] spans a low of 11.10% in Q1 2022 and a high of 75.49% in Q2 2026.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last 21 quarters, with an average year-over-year change of +13.66 percentage points over the last eight quarters.
- Over the past five years, the year-over-year gain in Return on Invested Capital [ROIC] ranged from 1.81 percentage points (Q3 2024) to 22.34 percentage points (Q2 2022).
- Per Business Quant data, the three quarters before Q3 2026 came in at 75.49% (Q2 2026), 62.12% (Q1 2026) and 54.93% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 16.69% |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 21.70% |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 29.22% |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 2.39% |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | - |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 12.36% |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 74.11% |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | - |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 75.14% |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 75.14% |
| Jun 30, 2026 | 75.49% |
| Mar 31, 2026 | 62.12% |
| Dec 31, 2025 | 54.93% |
| Sep 30, 2025 | 54.67% |
| Jun 30, 2025 | 61.38% |
| Mar 31, 2025 | 56.07% |
| Dec 31, 2024 | 48.49% |
| Sep 30, 2024 | 42.08% |
| Jun 30, 2024 | 39.27% |
| Mar 31, 2024 | 39.91% |
| Dec 31, 2023 | 37.15% |
| Sep 30, 2023 | 40.27% |
| Jun 30, 2023 | 36.56% |
| Mar 31, 2023 | 29.96% |
| Dec 31, 2022 | 28.29% |
| Sep 30, 2022 | 25.98% |
| Jun 30, 2022 | 21.71% |
| Mar 31, 2022 | 11.10% |
| Dec 31, 2021 | 11.79% |
API Access
Booking Holdings Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=BKNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=BKNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();