Last 48 quarters of trend data · Consumer Cyclical · Travel Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Booking Holdings Inc.'s quarterly P/E stands at 31.0x, down 72.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 20.8% YoY to 24.4x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 25.95 | 30.96 | 30.60 | 15.99 | 52.76 | 114.37 | 38.88 | 14.16 | 22.32 | 40.55 | 141.21 | 11.05 | 19.35 |
| — | -72.9% | -21.3% | +12.9% | +136.4% | +182.1% | -72.5% | +28.2% | +15.3% | -57.2% | +794.7% | +12.9% | -6.8% | |
| P/S Ratio | 4.95 | 6.04 | 6.88 | 4.88 | 6.94 | 8.00 | 7.59 | 4.46 | 5.79 | 7.13 | 6.53 | 3.78 | 4.57 |
| — | -24.5% | -9.3% | +9.4% | +19.9% | +12.3% | +16.2% | +18.0% | +26.8% | +6.9% | +35.6% | +40.4% | +10.3% | |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | 14.65 | 10.76 | 30.84 | 32.05 | 15.05 | 12.05 | 64.37 | 15.53 | 14.27 | 12.23 | 24.95 | 21.33 | 15.17 |
| — | -10.8% | -52.1% | +106.4% | +5.5% | -1.4% | +158.0% | -27.2% | -6.0% | +36.0% | +168.4% | — | +121.6% | |
| EV / EBITDA | 13.45 | 24.36 | 19.91 | 10.68 | 19.46 | 30.77 | 21.61 | 10.65 | 16.79 | 32.99 | 40.69 | 8.56 | 13.61 |
| — | -20.8% | -7.9% | +0.2% | +15.9% | -6.7% | -46.9% | +24.5% | +23.3% | -18.8% | +211.4% | +42.3% | -9.4% | |
| EV / EBIT | 14.57 | 24.49 | 20.94 | 11.72 | 31.25 | 36.69 | 20.16 | 11.31 | 15.64 | 27.63 | 51.54 | 8.23 | 13.42 |
| — | -33.3% | +3.9% | +3.7% | +99.7% | +32.8% | -60.9% | +37.4% | +16.6% | -44.7% | +317.7% | +14.2% | -5.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Booking Holdings Inc.'s operating margin was 23.0% in Q1 2026, down 9.0 pp QoQ and up 0.7 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 32.9% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Operating Margin | 34.5% | 23.0% | 32.0% | 43.7% | 33.1% | 22.3% | 31.6% | 39.8% | 31.7% | 17.9% | 12.7% | 42.3% | 30.6% |
| — | +3.0% | +1.2% | +10.0% | +4.5% | +24.5% | +148.3% | -5.9% | +3.4% | +50.4% | -61.7% | -1.0% | +31.5% | |
| Net Margin | 20.1% | 19.6% | 22.5% | 30.5% | 13.2% | 7.0% | 19.5% | 31.5% | 26.0% | 17.6% | 4.6% | 34.2% | 23.6% |
| — | +180.0% | +15.2% | -3.1% | -49.3% | -60.2% | +320.7% | -7.9% | +9.9% | +149.6% | -84.8% | +24.3% | +18.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | 630.8% |
| — | — | — | — | — | — | — | — | — | — | — | — | +2982.3% | |
| ROA | 19.0% | 3.8% | 4.9% | 9.2% | 3.1% | 1.2% | 3.8% | 8.9% | 5.4% | 3.0% | 0.9% | 9.6% | 5.0% |
| — | +213.3% | +28.3% | +3.8% | -42.8% | -59.3% | +331.8% | -7.4% | +8.5% | +183.3% | -82.9% | +34.4% | +36.3% | |
| ROIC | — | — | — | — | — | — | — | — | — | — | 277.7% | 586.2% | — |
| — | — | — | — | — | — | — | — | — | — | +962.1% | +819.3% | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Booking Holdings Inc.'s Debt/EBITDA ratio is 13.5x, up from 8.7x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 13.2% YoY to 1.06x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 1.92 | 13.51 | 8.69 | 4.24 | 7.77 | 13.24 | 8.84 | 4.96 | 8.51 | 18.03 | 18.86 | 4.38 | 7.96 |
| — | +2.0% | -1.7% | -14.7% | -8.7% | -26.6% | -53.1% | +13.4% | +7.0% | -13.0% | +118.1% | +26.0% | -6.7% | |
| Current Ratio | 1.33 | 1.06 | 1.33 | 1.33 | 1.25 | 1.22 | 1.31 | 1.23 | 1.17 | 1.22 | 1.28 | 1.44 | 1.55 |
| — | -13.2% | +1.8% | +8.4% | +6.7% | +0.0% | +2.5% | -14.5% | -24.6% | -23.6% | -31.5% | -0.9% | +6.8% | |
| Quick Ratio | 1.33 | 1.06 | 1.33 | 1.33 | 1.25 | 1.22 | 1.31 | 1.23 | 1.17 | 1.22 | 1.28 | 1.44 | 1.55 |
| — | -13.2% | +1.8% | +8.4% | +6.7% | +0.0% | +2.5% | -14.5% | -24.6% | -23.6% | -31.5% | -0.9% | +6.8% | |
| Interest Coverage | 5.23 | 5.51 | 8.48 | 12.52 | 3.64 | 1.61 | 4.08 | 10.41 | 8.28 | 5.28 | 2.98 | 13.40 | 7.71 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying BKNG stock.
Booking Holdings Inc.'s current P/E is 25.9x. The average P/E over the last 4 quarters is 32.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Booking Holdings Inc.'s current operating margin is 34.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Booking Holdings Inc.'s business trajectory between earnings reports.