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

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12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Merchant revenues 51.19 42.09 33.73 31.15 25.42
Agency revenues 44.06 52.68 60.80 63.48 67.15
Advertising and other revenues 4.75 5.23 5.47 5.37 7.43
Revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Marketing expenses -31.70 -35.07 -34.69 -32.06 -32.97
Sales and other expenses -12.84 -10.64 -8.04 -11.11 -6.34
Personnel, including stock-based compensation -15.42 -14.42 -21.12 -28.61 -14.92
General and administrative -7.28 -5.47 -5.66 -8.55 -5.29
Information technology -3.07 -3.08 -3.76 -4.40 -1.89
Depreciation and amortization -2.36 -2.64 -3.84 -6.74 -3.11
Other operating expenses -0.02 1.16 -0.12 -2.19 0.00
Impairment of goodwill 0.00 0.00 0.00 -15.63 0.00
Operating expenses -72.69% -70.15% -77.22% -109.28% -64.52%
Operating income (loss) 27.31% 29.85% 22.78% -9.28% 35.48%
Interest expense -4.20 -2.29 -3.05 -5.24 -1.77
Interest and dividend income 4.77 1.28 0.15 0.79 1.01
Net gains (losses) on equity securities -0.61 -5.63 -5.19 26.68 4.94
Impairment of investment 0.00 0.00 0.00 -1.47 0.00
Foreign currency transaction gains (losses) -1.63 -0.25 1.01 -3.05 -0.21
Loss on early extinguishment of debt 0.00 0.00 -2.21 0.00 0.00
Other 0.01 -0.01 -0.12 -0.09 0.09
Other income (expense), net 2.54% -4.61% -6.36% 22.87% 5.83%
Earnings before income taxes 25.65% 22.95% 13.37% 8.34% 39.55%
Income tax expense -5.58 -5.06 -2.74 -7.47 -7.25
Net income 20.07% 17.89% 10.63% 0.87% 32.29%

Based on: 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), 10-K (reporting date: 2019-12-31).

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 increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
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 2021 to 2022 and from 2022 to 2023.
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 2021 to 2022 and from 2022 to 2023.