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FCF Margin for Booking Holdings (BKNG)

As of · Reported

Metric

TTM

32.6%

YoY change

+0.51pp

Trough year (1998)

-134.9%

Peak year (2022)

36.2%

FCF Margin history chart for Booking Holdings (BKNG) from 1998 to 2025

Latest: 33.8%

FCF Margin change chart for Booking Holdings (BKNG) from 1998 to 2025

Latest: +0.51pp

FCF Margin history table for Booking Holdings (BKNG) from 1998 to 2025

  • 202533.8%+0.51pp
  • 202433.3%+0.49pp
  • 202332.8%-3.44pp
  • 202236.2%+13.24pp
  • 202123.0%+25.92pp
  • 2020-3.0%-32.81pp
  • 201929.8%-3.85pp
  • 201833.7%-0.79pp
  • 201734.5%+0.46pp
  • 201634.0%+2.29pp
  • 201531.7%-1.22pp
  • 201433.0%+0.33pp
  • 201332.6%-0.26pp
  • 201232.9%+3.16pp
  • 201129.7%+5.27pp
  • 201024.5%+3.31pp
  • 200921.2%+5.38pp
  • 200815.8%+5.83pp
  • 20079.9%+1.10pp
  • 20068.8%+3.47pp
  • 20055.4%+1.53pp
  • 20043.8%+2.28pp
  • 20031.6%+2.39pp
  • 2002-0.8%-2.42pp
  • 20011.6%+6.21pp
  • 2000-4.6%+14.12pp
  • 1999-18.7%+116.20pp
  • 1998-134.9%—

FCF Margin values are taken from Booking Holdings's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Booking Holdings (BKNG)

According to Booking Holdings's latest reported financial statements, the company's latest reported free cash flow margin is 32.6%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Booking Holdings (BKNG) free cash flow margin totalled 33.76% – expanded 0.5 percentage points year-over-year.

The record annual free cash flow margin stands at 36.20%, reached in 2022; the historical low of -134.94% was recorded in 1998.

Booking Holdings FCF Margin by Year

Booking Holdings FCF Margin 2025: 33.8%

Booking Holdings posted free cash flow margin of 33.76% in 2025, expanded 0.5 percentage points from 2024.

Booking Holdings FCF Margin 2024: 33.3%

In 2024, Booking Holdings reported free cash flow margin of 33.25%, expanded 0.5 percentage points from 2023.

Booking Holdings FCF Margin 2023: 32.8%

Booking Holdings free cash flow margin in 2023 was 32.76%, contracted 3.4 percentage points from 2022.

Booking Holdings FCF Margin 2022: 36.2%

2022's free cash flow margin for Booking Holdings came in at 36.20%, expanded 13.2 percentage points from 2021. This figure represents the highest annual value in the available history.

Booking Holdings FCF Margin 2021: 23.0%

Booking Holdings free cash flow margin in 2021 was 22.96%.

See more financial history for Booking Holdings (BKNG).

Sector peers by FCF Margin

Consumer Cyclical peers of Booking Holdings (BKNG), ranked by their latest free cash flow margin

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