Booking Holdings annual operating margin
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2025
Booking Holdings Operating Margin Growth & History (BKNG)
Booking Holdings's operating margin was 32.79% for fiscal 2025.
View full Booking Holdings company overviewBooking Holdings annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 32.79% | +0.96 pp |
| 2024 | 2024-12-31 | 31.83% | +4.51 pp |
| 2023 | 2023-12-31 | 27.31% | −2.54 pp |
| 2022 | 2022-12-31 | 29.85% | +7.08 pp |
| 2021 | 2021-12-31 | 22.78% | +32.06 pp |
| 2020 | 2020-12-31 | −9.28% | −44.76 pp |
| 2019 | 2019-12-31 | 35.48% | −1.29 pp |
| 2018 | 2018-12-31 | 36.77% | +0.98 pp |
| 2017 | 2017-12-31 | 35.79% | +8.74 pp |
| 2016 | 2016-12-31 | 27.05% | −8.28 pp |
| 2015 | 2015-12-31 | 35.33% | −1.07 pp |
| 2014 | 2014-12-31 | 36.41% | +0.89 pp |
| 2013 | 2013-12-31 | 35.51% | +0.73 pp |
| 2012 | 2012-12-31 | 34.78% | +2.66 pp |
| 2011 | 2011-12-31 | 32.12% | +6.61 pp |
| 2010 | 2010-12-31 | 25.50% | +5.37 pp |
| 2009 | 2009-12-31 | 20.14% | +4.78 pp |
| 2008 | 2008-12-31 | 15.36% | — |
Booking Holdings quarterly operating margin
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 34.00% | +0.91 pp |
| Q1 2026 | 2026-03-31 | 22.98% | +0.67 pp |
| Q4 2025 | 2025-12-31 | 31.97% | +0.37 pp |
| Q3 2025 | 2025-09-30 | 38.67% | −1.10 pp |
| Q2 2025 | 2025-06-30 | 33.10% | +1.42 pp |
| Q1 2025 | 2025-03-31 | 22.30% | +4.39 pp |
| Q4 2024 | 2024-12-31 | 31.60% | +18.87 pp |
| Q3 2024 | 2024-09-30 | 39.77% | −2.50 pp |
| Q2 2024 | 2024-06-30 | 31.68% | +1.05 pp |
| Q1 2024 | 2024-03-31 | 17.92% | +6.01 pp |
| Q4 2023 | 2023-12-31 | 12.73% | −20.49 pp |
| Q3 2023 | 2023-09-30 | 42.27% | −0.41 pp |
| Q2 2023 | 2023-06-30 | 30.63% | +7.34 pp |
| Q1 2023 | 2023-03-31 | 11.91% | +5.45 pp |
| Q4 2022 | 2022-12-31 | 33.22% | +4.77 pp |
| Q3 2022 | 2022-09-30 | 42.68% | −0.41 pp |
| Q2 2022 | 2022-06-30 | 23.29% | +25.88 pp |
| Q1 2022 | 2022-03-31 | 6.46% | +33.71 pp |
| Q4 2021 | 2021-12-31 | 28.45% | +40.81 pp |
| Q3 2021 | 2021-09-30 | 43.09% | +31.16 pp |
| Q2 2021 | 2021-06-30 | −2.59% | +74.23 pp |
| Q1 2021 | 2021-03-31 | −27.26% | −13.75 pp |
| Q4 2020 | 2020-12-31 | −12.36% | −47.46 pp |
| Q3 2020 | 2020-09-30 | 11.93% | −35.09 pp |
| Q2 2020 | 2020-06-30 | −76.83% | −109.22 pp |
| Q1 2020 | 2020-03-31 | −13.51% | −33.10 pp |
| Q4 2019 | 2019-12-31 | 35.10% | −0.47 pp |
| Q3 2019 | 2019-09-30 | 47.02% | +0.68 pp |
| Q2 2019 | 2019-06-30 | 32.39% | −2.13 pp |
| Q1 2019 | 2019-03-31 | 19.60% | −5.33 pp |
| Q4 2018 | 2018-12-31 | 35.57% | +0.38 pp |
| Q3 2018 | 2018-09-30 | 46.34% | −1.06 pp |
| Q2 2018 | 2018-06-30 | 34.52% | +4.99 pp |
| Q1 2018 | 2018-03-31 | 24.93% | +1.93 pp |
| Q4 2017 | 2017-12-31 | 35.19% | +1.55 pp |
| Q3 2017 | 2017-09-30 | 47.40% | +24.82 pp |
| Q2 2017 | 2017-06-30 | 29.53% | +0.88 pp |
| Q1 2017 | 2017-03-31 | 23.00% | −2.62 pp |
| Q4 2016 | 2016-12-31 | 33.64% | +0.75 pp |
| Q3 2016 | 2016-09-30 | 22.58% | −25.40 pp |
| Q2 2016 | 2016-06-30 | 28.66% | −1.09 pp |
| Q1 2016 | 2016-03-31 | 25.62% | +2.04 pp |
| Q4 2015 | 2015-12-31 | 32.90% | +1.44 pp |
| Q3 2015 | 2015-09-30 | 47.98% | +1.35 pp |
| Q2 2015 | 2015-06-30 | 29.75% | −4.77 pp |
| Q1 2015 | 2015-03-31 | 23.58% | −3.15 pp |
| Q4 2014 | 2014-12-31 | 31.46% | −1.04 pp |
| Q3 2014 | 2014-09-30 | 46.63% | +0.51 pp |
| Q2 2014 | 2014-06-30 | 34.52% | +1.50 pp |
| Q1 2014 | 2014-03-31 | 26.72% | +2.93 pp |
| Q4 2013 | 2013-12-31 | 32.50% | +1.06 pp |
| Q3 2013 | 2013-09-30 | 46.12% | +1.84 pp |
| Q2 2013 | 2013-06-30 | 33.02% | −1.53 pp |
| Q1 2013 | 2013-03-31 | 23.80% | +0.51 pp |
| Q4 2012 | 2012-12-31 | 31.44% | +0.78 pp |
| Q3 2012 | 2012-09-30 | 44.28% | +1.86 pp |
| Q2 2012 | 2012-06-30 | 34.55% | +5.10 pp |
| Q1 2012 | 2012-03-31 | 23.29% | +4.25 pp |
| Q4 2011 | 2011-12-31 | 30.66% | +4.82 pp |
| Q3 2011 | 2011-09-30 | 42.43% | +8.81 pp |
| Q2 2011 | 2011-06-30 | 29.45% | +6.88 pp |
| Q1 2011 | 2011-03-31 | 19.04% | +3.99 pp |
| Q4 2010 | 2010-12-31 | 25.84% | −1.64 pp |
| Q3 2010 | 2010-09-30 | 33.62% | +15.50 pp |
| Q2 2010 | 2010-06-30 | 22.56% | — |
| Q1 2010 | 2010-03-31 | 15.04% | — |
| Q3 2009 | 2009-09-30 | 27.48% | — |
| Q2 2009 | 2009-06-30 | 18.12% | — |
Booking Holdings operating margin trends
Over the last five reported fiscal years, Booking Holdings's operating margin increased from −9.28% to 32.79%, a change of +42.07 percentage points. The latest reported quarter, Q2 2026, shows 34.00%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Booking Holdings filings at SEC.gov ↗