BKNG Booking Holdings margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 83

Gross margin

100%

Operating margin

32.8%

EBITDA margin

39.4%

Net margin

25.5%

The Booking Holdings reports a gross margin of 100%, an operating margin of 32.8%, an EBITDA margin of 39.4%, and a net margin of 25.5%. Net margin improved by 6.1 percentage points, while other available margins were unchanged.

BKNG margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Booking Holdings's margins averaged 100% gross, 31.05% operating, 36.14% EBITDA, and 22.13% net. Currently, operating, EBITDA, and net margins are above their three-year averages.

BKNG margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 0.1 percentage points, EBITDA margin by 4.1 percentage points, and net margin by 6.1 percentage points, while gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

0.1pp

EBITDA margin expansion

4.1pp

Net margin expansion

6.1pp

BKNG Gross margin

Booking Holdings recorded an average gross margin of 100% across the last 3 years. Booking Holdings currently reports a gross margin of 100%, in line with its three-year average. Over the last 3 years, Booking Holdings's gross margin peaked at 100% in Sep 2026 and reached a low of 100% in Dec 2023.

BKNG Operating margin

Across the last 3 years, Booking Holdings's operating margin averaged 31.05%. Against its three-year average, Booking Holdings's operating margin is currently 32.8%, 1.8 percentage points above its three-year average. Operating margin was highest at 32.9% in Jun 2026 and lowest at 27.3% in Dec 2023.

BKNG EBITDA margin

Over the last 3 years, Booking Holdings's EBITDA margin averaged 36.14%. The current EBITDA margin of 39.4% is 3.3 percentage points above its three-year average. During this period, EBITDA margin reached a high of 39.4% in Sep 2026 and a low of 33% in Dec 2023.

BKNG Net margin

Over the last 3 years, Booking Holdings's net margin averaged 22.13%. Currently, Booking Holdings's current net margin is 25.5%, which is 3.4 percentage points above its three-year average. During this period, net margin reached a high of 25.5% in Sep 2026 and a low of 19.2% in Jun 2025.

BKNG margin group comparison

Margins compared with peer-group, industry and sector averages

Booking Holdings's gross margin of 100% is above the Consumer Cyclical sector and the industry average. Compared to its Consumer Cyclical sector average of 36.3%, Booking Holdings's gross margin is 175% higher.

BKNG margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Booking Holdings's gross margin?

As of Sep 30, 2026, BKNG has a gross margin of 100%.

What is Booking Holdings's operating margin?

The current operating margin for BKNG is 32.8% as of Sep 30, 2026.

What is Booking Holdings's EBITDA margin?

The current EBITDA margin for BKNG is 39.4% as of Sep 30, 2026.

What is Booking Holdings's net margin?

As of Sep 30, 2026, BKNG has a net margin of 25.5%.

What are the average margins of BKNG?

Over the past 3 years, BKNG reported average margins of 100.0% gross, 31.1% operating, 36.1% EBITDA, and 22.1% net.

What are the highest historical margins of BKNG?

In the last 5 years, the highest margins reported by BKNG were 100% gross in Sep 2026, 32.9% operating in Jun 2026, 39.4% EBITDA in Sep 2026, and 25.7% net in Sep 2023.

What are the lowest historical margins of BKNG?

Within the 5-year period, BKNG recorded its lowest margins at 100% gross in Dec 2021, 22.8% operating in Dec 2021, 14.3% EBITDA in Mar 2022, and 4.2% net in Mar 2022.