Stock Analysis on Net
Stock Analysis on Net

Booking Holdings Inc. (NASDAQ:BKNG)

Common-Size Income Statement

Booking Holdings Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Merchant revenues 59.57 51.19 42.09 33.73 31.15
Agency revenues 35.91 44.06 52.68 60.80 63.48
Advertising and other revenues 4.52 4.75 5.23 5.47 5.37
Revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Marketing expenses -30.66 -31.70 -35.07 -34.69 -32.06
Sales and other expenses -13.14 -12.84 -10.64 -8.04 -11.11
Personnel, including stock-based compensation -14.13 -15.42 -14.42 -21.12 -28.61
General and administrative -4.36 -7.28 -5.47 -5.66 -8.55
Information technology -3.25 -3.07 -3.08 -3.76 -4.40
Depreciation and amortization -2.49 -2.36 -2.64 -3.84 -6.74
Transformation costs -0.14 0.00 0.00 0.00 0.00
Other operating expenses 0.00 -0.02 1.16 -0.12 -2.19
Impairment of goodwill 0.00 0.00 0.00 0.00 -15.63
Operating expenses -68.17% -72.69% -70.15% -77.22% -109.28%
Operating income (loss) 31.83% 27.31% 29.85% 22.78% -9.28%
Interest expense -5.46 -4.20 -2.29 -3.05 -5.24
Interest and dividend income 4.69 4.77 1.28 0.15 0.79
Foreign currency transaction gains (losses) 1.61 -1.63 -0.25 1.01 -3.05
Net gains (losses) on equity securities 0.27 -0.61 -5.63 -5.19 26.68
Loss related to the conversion option on convertible senior notes -2.18 0.00 0.00 0.00 0.00
Impairment of investment 0.00 0.00 0.00 0.00 -1.47
Loss on early extinguishment of debt 0.00 0.00 0.00 -2.21 0.00
Other -0.05 0.01 -0.01 -0.12 -0.09
Other income (expense), net -0.35% -2.23% -5.89% -6.51% 22.07%
Earnings before income taxes 30.72% 25.65% 22.95% 13.37% 8.34%
Income tax expense -5.94 -5.58 -5.06 -2.74 -7.47
Net income 24.78% 20.07% 17.89% 10.63% 0.87%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Booking Holdings Inc. operating income (loss) as a percentage of revenues decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Earnings before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Booking Holdings Inc. earnings before income taxes as a percentage of revenues increased from 2022 to 2023 and from 2023 to 2024.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Booking Holdings Inc. net income as a percentage of revenues increased from 2022 to 2023 and from 2023 to 2024.