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BKNG vs EXPE
Revenue, margins, valuation, and 5-year total return — side by side.
Travel Services
BKNG vs EXPE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Travel Services | Travel Services |
| Market Cap | $129.89B | $32.81B |
| Revenue (TTM) | $27.69B | $14.73B |
| Net Income (TTM) | $6.15B | $1.29B |
| Gross Margin | 100.0% | 88.6% |
| Operating Margin | 34.3% | 12.9% |
| Forward P/E | 16.0x | 12.8x |
| Total Debt | $19.29B | $6.67B |
| Cash & Equiv. | $17.20B | $6.98B |
BKNG vs EXPE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Booking Holdings In… (BKNG) | 100 | 255.6 | +155.6% |
| Expedia Group, Inc. (EXPE) | 100 | 312.8 | +212.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BKNG vs EXPE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BKNG carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 2 yrs, beta 0.74, yield 0.9%
- Rev growth 13.4%, EPS growth -4.2%, 3Y rev CAGR 16.3%
- 244.5% 10Y total return vs EXPE's 127.1%
EXPE is the clearest fit if your priority is value and momentum.
- Lower P/E (12.8x vs 16.0x)
- +51.1% vs BKNG's -18.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 13.4% revenue growth vs EXPE's 7.6% | |
| Value | Lower P/E (12.8x vs 16.0x) | |
| Quality / Margins | 22.2% margin vs EXPE's 8.8% | |
| Stability / Safety | Beta 0.74 vs EXPE's 1.47 | |
| Dividends | 0.9% yield, 2-year raise streak, vs EXPE's 0.6% | |
| Momentum (1Y) | +51.1% vs BKNG's -18.5% | |
| Efficiency (ROA) | 21.1% ROA vs EXPE's 5.3% |
BKNG vs EXPE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
BKNG vs EXPE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BKNG leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BKNG is the larger business by revenue, generating $27.7B annually — 1.9x EXPE's $14.7B. BKNG is the more profitable business, keeping 22.2% of every revenue dollar as net income compared to EXPE's 8.8%. On growth, BKNG holds the edge at +16.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $27.7B | $14.7B |
| EBITDAEarnings before interest/tax | $10.2B | $2.8B |
| Net IncomeAfter-tax profit | $6.2B | $1.3B |
| Free Cash FlowCash after capex | $9.0B | $3.7B |
| Gross MarginGross profit ÷ Revenue | +100.0% | +88.6% |
| Operating MarginEBIT ÷ Revenue | +34.3% | +12.9% |
| Net MarginNet income ÷ Revenue | +22.2% | +8.8% |
| FCF MarginFCF ÷ Revenue | +32.6% | +25.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +16.2% | +11.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +2.4% | -27.3% |
Valuation Metrics
EXPE leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 25.3x trailing earnings, BKNG trades at a 0% valuation discount to EXPE's 25.3x P/E. On an enterprise value basis, EXPE's 11.3x EV/EBITDA is more attractive than BKNG's 13.1x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $129.9B | $32.8B |
| Enterprise ValueMkt cap + debt − cash | $132.0B | $32.5B |
| Trailing P/EPrice ÷ TTM EPS | 25.32x | 25.35x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.97x | 12.80x |
| PEG RatioP/E ÷ EPS growth rate | 0.16x | — |
| EV / EBITDAEnterprise value multiple | 13.13x | 11.34x |
| Price / SalesMarket cap ÷ Revenue | 4.83x | 2.23x |
| Price / BookPrice ÷ Book value/share | — | 12.88x |
| Price / FCFMarket cap ÷ FCF | 14.29x | 10.55x |
Profitability & Efficiency
BKNG leads this category, winning 3 of 5 comparable metrics.
Profitability & Efficiency
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | — | +50.8% |
| ROA (TTM)Return on assets | +21.1% | +5.3% |
| ROICReturn on invested capital | — | +40.2% |
| ROCEReturn on capital employed | +75.4% | +23.9% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | — | 2.62x |
| Net DebtTotal debt minus cash | $2.1B | -$307M |
| Cash & Equiv.Liquid assets | $17.2B | $7.0B |
| Total DebtShort + long-term debt | $19.3B | $6.7B |
| Interest CoverageEBIT ÷ Interest expense | 7.21x | 6.58x |
Total Returns (Dividends Reinvested)
EXPE leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BKNG five years ago would be worth $18,283 today (with dividends reinvested), compared to $14,669 for EXPE. Over the past 12 months, EXPE leads with a +51.1% total return vs BKNG's -18.5%. The 3-year compound annual growth rate (CAGR) favors EXPE at 38.9% vs BKNG's 18.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -21.1% | -11.9% |
| 1-Year ReturnPast 12 months | -18.5% | +51.1% |
| 3-Year ReturnCumulative with dividends | +66.4% | +168.0% |
| 5-Year ReturnCumulative with dividends | +82.8% | +46.7% |
| 10-Year ReturnCumulative with dividends | +244.5% | +127.1% |
| CAGR (3Y)Annualised 3-year return | +18.5% | +38.9% |
Risk & Volatility
Evenly matched — BKNG and EXPE each lead in 1 of 2 comparable metrics.
Risk & Volatility
BKNG is the less volatile stock with a 0.74 beta — it tends to amplify market swings less than EXPE's 1.47 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EXPE currently trades 81.8% from its 52-week high vs BKNG's 3.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.74x | 1.47x |
| 52-Week HighHighest price in past year | $5129.83 | $303.80 |
| 52-Week LowLowest price in past year | $150.62 | $148.55 |
| % of 52W HighCurrent price vs 52-week peak | +3.3% | +81.8% |
| RSI (14)Momentum oscillator 0–100 | 38.9 | 50.2 |
| Avg Volume (50D)Average daily shares traded | 9.1M | 2.0M |
Analyst Outlook
BKNG leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates BKNG as "Buy" and EXPE as "Hold". Consensus price targets imply 38.2% upside for BKNG (target: $232) vs 9.5% for EXPE (target: $272). For income investors, BKNG offers the higher dividend yield at 0.91% vs EXPE's 0.61%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $231.72 | $272.35 |
| # AnalystsCovering analysts | 71 | 75 |
| Dividend YieldAnnual dividend ÷ price | +0.9% | +0.6% |
| Dividend StreakConsecutive years of raises | 2 | 2 |
| Dividend / ShareAnnual DPS | $1.53 | $1.52 |
| Buyback YieldShare repurchases ÷ mkt cap | +5.0% | +5.9% |
BKNG leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). EXPE leads in 2 (Valuation Metrics, Total Returns). 1 tied.
BKNG vs EXPE: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BKNG or EXPE a better buy right now?
For growth investors, Booking Holdings Inc.
(BKNG) is the stronger pick with 13. 4% revenue growth year-over-year, versus 7. 6% for Expedia Group, Inc. (EXPE). Booking Holdings Inc. (BKNG) offers the better valuation at 25. 3x trailing P/E (16. 0x forward), making it the more compelling value choice. Analysts rate Booking Holdings Inc. (BKNG) a "Buy" — based on 71 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BKNG or EXPE?
On trailing P/E, Booking Holdings Inc.
(BKNG) is the cheapest at 25. 3x versus Expedia Group, Inc. at 25. 3x. On forward P/E, Expedia Group, Inc. is actually cheaper at 12. 8x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BKNG or EXPE?
Over the past 5 years, Booking Holdings Inc.
(BKNG) delivered a total return of +82. 8%, compared to +46. 7% for Expedia Group, Inc. (EXPE). Over 10 years, the gap is even starker: BKNG returned +244. 5% versus EXPE's +127. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BKNG or EXPE?
By beta (market sensitivity over 5 years), Booking Holdings Inc.
(BKNG) is the lower-risk stock at 0. 74β versus Expedia Group, Inc. 's 1. 47β — meaning EXPE is approximately 98% more volatile than BKNG relative to the S&P 500.
05Which is growing faster — BKNG or EXPE?
By revenue growth (latest reported year), Booking Holdings Inc.
(BKNG) is pulling ahead at 13. 4% versus 7. 6% for Expedia Group, Inc. (EXPE). On earnings-per-share growth, the picture is similar: Expedia Group, Inc. grew EPS 9. 6% year-over-year, compared to -4. 2% for Booking Holdings Inc.. Over a 3-year CAGR, BKNG leads at 16. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BKNG or EXPE?
Booking Holdings Inc.
(BKNG) is the more profitable company, earning 20. 1% net margin versus 8. 8% for Expedia Group, Inc. — meaning it keeps 20. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BKNG leads at 34. 5% versus 13. 4% for EXPE. At the gross margin level — before operating expenses — BKNG leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BKNG or EXPE more undervalued right now?
On forward earnings alone, Expedia Group, Inc.
(EXPE) trades at 12. 8x forward P/E versus 16. 0x for Booking Holdings Inc. — 3. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BKNG: 38. 2% to $231. 72.
08Which pays a better dividend — BKNG or EXPE?
All stocks in this comparison pay dividends.
Booking Holdings Inc. (BKNG) offers the highest yield at 0. 9%, versus 0. 6% for Expedia Group, Inc. (EXPE).
09Is BKNG or EXPE better for a retirement portfolio?
For long-horizon retirement investors, Booking Holdings Inc.
(BKNG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 74), 0. 9% yield, +244. 5% 10Y return). Both have compounded well over 10 years (BKNG: +244. 5%, EXPE: +127. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BKNG and EXPE?
Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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