Booking Holdings (BKNG) Return on Invested Capital [ROIC] (2014 - 2026)
Booking Holdings (BKNG) reported Return on Invested Capital [ROIC] of 75.49% for Q2 2026, up 14.10 percentage points from 61.38% a year earlier and up 13.37 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).
- The Q2 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] in data going back to Q4 2014.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last 20 quarters, with an average year-over-year change of +11.33 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 0.15 percentage points (Q3 2021) to 22.34 percentage points (Q2 2022).
- Per Business Quant data, the three quarters before Q2 2026 came in at 62.12% (Q1 2026), 54.93% (Q4 2025) and 54.67% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,178.97 Bn | 3,936.50 Bn | 73.85 Bn | 18.61% |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn | 20.90% |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn | 26.42% |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn | 2.33% |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn | 17.38% |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - | 75.49% |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn | - |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn | 71.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 3.81% |
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();