TORVANTA
Consumer Discretionary · S&P 500 · data as of 2026-10-05

BKNG stock analysis: Booking Holdings

Booking Holdings (BKNG) is an S&P 500 company in Hotels, Resorts & Cruise Lines. It grades strongest on profitability and weakest on momentum and growth.

The model's view of BKNG · subscribers

Where BKNG ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with BKNG · updated 2026-10-05 · from prices and SEC filings

BKNG price performance

BKNG against the S&P 500, one year
-20%+0%+20%S&P 500 +18%BKNG -27%2025-09-292026-10-05
Year to date-25.6%S&P 500 +14.5% · behind by 40.1 pts
1 year-26.3%S&P 500 +17.0% · behind by 43.3 pts
3 years+34.2%S&P 500 +89.3% · behind by 55.0 pts
5 years+66.6%S&P 500 +91.3% · behind by 24.7 pts

Total returns with dividends reinvested.

BKNG factor grades

Each grade compares BKNG with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B+ValueP/E 1.2x (industry 16.2x)FCF yield 8.0% (industry 4.2%)
C-GrowthRevenue growth +13% (industry +9%)EPS growth -8% (industry +12%)
A+ProfitabilityOperating margin 32.9% (industry 18.6%)
C-Momentum12-month change -26%From 52-wk high -27%

BKNG in plain numbers

BKNG key statistics

SectorConsumer Discretionary
IndustryHotels, Resorts & Cruise Lines
IndexS&P 500
Market value$119.0B
Revenue growth (y/y)+13%
Free-cash-flow yield8.0%
Dividend yield1.0%
Next earnings (expected)2026-10-27
Valuation measures
Market value$119.0B
Enterprise value$121.9B
P/E (trailing)1.2x
Forward P/E (Torvanta estimate)1.3x
Price / sales4.2x
EV / revenue4.3x
EV / EBITDA12.4x
Financial highlights
Revenue, last 12 months$28.2B
EPS, last 12 months (GAAP)$9.03
Operating margin32.9%
Cash$17.2B
Total debt$20.2B
Free cash flow, last 12 months$9.5B
Interest cover8.4x
Current ratio1.09x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

BKNG earnings trends

Revenue vs earnings
$0$2.3B$4.5B$6.8B$9.0BSep 2024 Revenue: $8.0BDec 2024 Revenue: $5.5BMar 2025 Revenue: $4.8BJun 2025 Revenue: $6.8BSep 2025 Revenue: $9.0BDec 2025 Revenue: $6.3BMar 2026 Revenue: $5.5BJun 2026 Revenue: $7.4BSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.8$1.7$2.5$3.4Sep 2024 EPS (GAAP, diluted): $3.0Dec 2024 EPS (GAAP, diluted): $1.3Mar 2025 EPS (GAAP, diluted): $0.4Jun 2025 EPS (GAAP, diluted): $1.1Sep 2025 EPS (GAAP, diluted): $3.4Dec 2025 EPS (GAAP, diluted): $1.8Mar 2026 EPS (GAAP, diluted): $1.4Jun 2026 EPS (GAAP, diluted): $2.5Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +14% · Dec 2025 +37% · Mar 2026 +238% · Jun 2026 +131%

From the company's 10-Q and 10-K filings with the SEC.

Booking Holdings financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$11.0B$17.1B$21.4B$23.7B$26.9B
EPS (GAAP)$1.13$3.09$4.76$6.93$6.64
Free cash flow$2.5B$6.2B$7.0B$7.9B$9.1B

BKNG earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-04$2.53+131%+8%+5.8%
2026-04-28$1.36+238%+16%-1.5%
2026-02-18$1.77+37%+16%-3.5%
2025-10-28$3.38+14%+13%-3.7%
2025-07-29$1.10-38%+16%-0.8%
2025-04-29$0.40-55%+8%+3.6%

About Booking Holdings

HeadquartersNorwalk, CT
Industry (SEC code)Transportation Services
Fiscal year endsDecember 31
Incorporated inDE
Listed onNasdaq
FormerlyPriceline Group Inc., PRICELINE COM INC

From the company's SEC registration record.

Companies similar to BKNG

CompanyMarket valueP/ERevenue growthOperating margin12-month change
BKNG Booking Holdings$119.0B1.2x+13%32.9%-26%
ABNB Airbnb$97.9Bn/a+14%20.8%+36%compare
MAR Marriott$92.8B36.8x+5%15.8%+34%compare
RCL Royal Caribbean$73.6B17.0x+9%27.3%-11%compare
HLT Hilton$71.1B46.4x+9%23.3%+23%
CCL Carnival$35.0B11.5x+5%16.3%-9%
EXPE Expedia$31.9B16.2x+12%16.0%+20%

All Consumer Discretionary stock ratings

Frequently asked questions

Is BKNG stock a buy?

Torvanta does not tell individuals what to buy. Its grades for BKNG are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is BKNG's P/E ratio?

BKNG trades at about 1.2 times its last 12 months of GAAP earnings reported to the SEC, and about 1.3 times Torvanta's own estimate of the next 12 months.

When does BKNG report earnings next?

Based on its filing history, Torvanta expects Booking Holdings to report around 2026-10-27.

Does BKNG pay a dividend?

Yes. Its dividend yield is about 1.0%, and it has raised its dividend 1 years in a row.

How has BKNG performed against the S&P 500?

Over the past year BKNG returned -26.3%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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