Booking Holdings Inc. (BKNG) closed fiscal year 2025 with a net margin of 20.1 %.
Booking Holdings Inc. (BKNG) closed fiscal year 2025 with a net margin of 20.1 %. The same year shows an EBITDA margin of 35.1 % and an EBIT margin of 32.8 %. The free cash flow margin was 33.8 %. Across the period the gross margin ranges between 50.7 % in 2008 and 98.1 % in 2017. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 50.72 % | 53.92 % | 61.88 % | 70.71 % | 77.62 % | 84.14 % | 89.84 % | 93.15 % | 96.14 % | 98.09 % | — | — | — | — | — | — | — | — |
| EBITDA margin (%) | 17.63 % | 21.81 % | 26.99 % | 33.35 % | 36.02 % | 37.25 % | 38.87 % | 38.28 % | 29.93 % | 38.65 % | 39.70 % | 38.59 % | -2.55 % | 26.62 % | 32.49 % | 29.67 % | 34.31 % | 35.10 % |
| EBIT margin (%) | 15.36 % | 20.14 % | 25.50 % | 32.12 % | 34.78 % | 35.51 % | 36.41 % | 35.33 % | 27.05 % | 35.79 % | 36.77 % | 35.48 % | -9.28 % | 22.78 % | 29.85 % | 27.31 % | 31.83 % | 32.79 % |
| Net margin (%) | 9.67 % | 20.93 % | 17.10 % | 24.32 % | 27.07 % | 27.86 % | 28.69 % | 27.66 % | 19.87 % | 18.46 % | 27.52 % | 32.29 % | 0.87 % | 10.63 % | 17.89 % | 20.07 % | 24.78 % | 20.08 % |
| FCF margin (%) | 15.77 % | 21.15 % | 24.46 % | 29.73 % | 32.90 % | 32.63 % | 32.96 % | 32.84 % | 35.04 % | 34.49 % | 33.70 % | 29.85 % | -2.96 % | 22.96 % | 36.20 % | 32.76 % | 33.25 % | 33.76 % |
