Stock Analysis on Net

Booking Holdings Inc. (NASDAQ:BKNG)

Analysis of Profitability Ratios
Quarterly Data

Microsoft Excel

Profitability Ratios (Summary)

Booking Holdings Inc., profitability ratios (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Return on Sales
Operating profit margin 31.83% 27.92% 28.39% 28.07% 27.31% 31.85% 31.29% 29.59% 29.85% 28.74% 27.56% 23.83% 22.78% 16.22% -2.86% -11.21% -9.28%
Net profit margin 24.78% 21.85% 22.46% 21.81% 20.07% 25.70% 23.04% 22.14% 17.89% 15.24% 10.54% 4.16% 10.63% 4.15% 5.77% 12.44% 0.87%
Return on Investment
Return on equity (ROE) 374.67% 109.92% 66.51% 38.58% 11.89% 18.86% 6.89% 8.63% 14.76% 1.21%
Return on assets (ROA) 21.23% 18.00% 17.62% 17.31% 17.62% 20.68% 16.78% 15.96% 12.06% 11.06% 6.30% 2.32% 4.93% 1.64% 1.73% 2.97% 0.27%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Booking Holdings Inc. operating profit margin ratio deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Booking Holdings Inc. net profit margin ratio deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Booking Holdings Inc. ROA improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Operating Profit Margin

Booking Holdings Inc., operating profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Operating income (loss) 1,729 3,179 1,856 791 609 3,103 1,673 450 1,345 2,583 1,000 174 848 2,015 (56) (311) (153) 315 (484) (309)
Revenues 5,471 7,994 5,859 4,415 4,784 7,341 5,462 3,778 4,049 6,052 4,294 2,695 2,981 4,676 2,160 1,141 1,238 2,640 630 2,288
Profitability Ratio
Operating profit margin1 31.83% 27.92% 28.39% 28.07% 27.31% 31.85% 31.29% 29.59% 29.85% 28.74% 27.56% 23.83% 22.78% 16.22% -2.86% -11.21% -9.28%
Benchmarks
Operating Profit Margin, Competitors2
Airbnb Inc. 23.00% 15.01% 15.21% 15.86% 15.31% 23.42% 21.53% 20.69% 21.45% 20.46% 17.49% 13.17% 7.17%
Chipotle Mexican Grill Inc. 16.94% 16.97% 16.75% 15.99% 15.78% 15.63% 15.42% 14.89% 13.44% 12.15% 11.36% 10.65% 10.67% 10.61% 9.22% 6.02% 4.85%
McDonald’s Corp. 45.19% 44.90% 45.29% 45.99% 45.68% 45.68% 45.40% 40.96% 40.42% 39.48% 39.87% 43.71% 44.59% 44.84% 44.34% 40.33% 38.13%
Starbucks Corp. 14.95% 15.92% 16.08% 16.64% 16.32% 15.31% 14.92% 14.26% 14.32% 15.33% 16.27% 16.92% 16.77% 14.56% 7.36% 5.42% 6.64% 8.67% 14.67% 15.88%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Operating profit margin = 100 × (Operating income (loss)Q4 2024 + Operating income (loss)Q3 2024 + Operating income (loss)Q2 2024 + Operating income (loss)Q1 2024) ÷ (RevenuesQ4 2024 + RevenuesQ3 2024 + RevenuesQ2 2024 + RevenuesQ1 2024)
= 100 × (1,729 + 3,179 + 1,856 + 791) ÷ (5,471 + 7,994 + 5,859 + 4,415) = 31.83%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Booking Holdings Inc. operating profit margin ratio deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.

Net Profit Margin

Booking Holdings Inc., net profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Net income (loss) 1,068 2,517 1,521 776 222 2,511 1,290 266 1,235 1,666 857 (700) 618 769 (167) (55) (165) 801 122 (699)
Revenues 5,471 7,994 5,859 4,415 4,784 7,341 5,462 3,778 4,049 6,052 4,294 2,695 2,981 4,676 2,160 1,141 1,238 2,640 630 2,288
Profitability Ratio
Net profit margin1 24.78% 21.85% 22.46% 21.81% 20.07% 25.70% 23.04% 22.14% 17.89% 15.24% 10.54% 4.16% 10.63% 4.15% 5.77% 12.44% 0.87%
Benchmarks
Net Profit Margin, Competitors2
Airbnb Inc. 23.85% 16.96% 46.11% 48.23% 48.32% 56.87% 25.31% 23.30% 22.54% 20.29% 16.91% 12.12% -5.88%
Chipotle Mexican Grill Inc. 13.56% 13.51% 13.23% 12.70% 12.45% 12.27% 12.00% 11.49% 10.41% 9.61% 9.28% 8.74% 8.65% 9.88% 8.57% 6.44% 5.94%
McDonald’s Corp. 31.72% 31.79% 32.25% 33.36% 33.22% 33.31% 33.06% 29.36% 26.65% 25.41% 25.77% 29.93% 32.49% 32.33% 31.72% 26.31% 24.63%
Starbucks Corp. 10.40% 11.16% 11.38% 11.70% 11.46% 10.80% 10.46% 10.09% 10.18% 13.03% 14.07% 14.47% 14.45% 10.43% 4.18% 2.87% 3.95% 5.56% 12.71% 13.81%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Net profit margin = 100 × (Net income (loss)Q4 2024 + Net income (loss)Q3 2024 + Net income (loss)Q2 2024 + Net income (loss)Q1 2024) ÷ (RevenuesQ4 2024 + RevenuesQ3 2024 + RevenuesQ2 2024 + RevenuesQ1 2024)
= 100 × (1,068 + 2,517 + 1,521 + 776) ÷ (5,471 + 7,994 + 5,859 + 4,415) = 24.78%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Booking Holdings Inc. net profit margin ratio deteriorated from Q2 2024 to Q3 2024 but then improved from Q3 2024 to Q4 2024 exceeding Q2 2024 level.

Return on Equity (ROE)

Booking Holdings Inc., ROE calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Net income (loss) 1,068 2,517 1,521 776 222 2,511 1,290 266 1,235 1,666 857 (700) 618 769 (167) (55) (165) 801 122 (699)
Stockholders’ equity (deficit) (4,020) (3,653) (4,276) (4,052) (2,744) (625) (665) 1,074 2,782 3,670 4,002 4,373 6,178 5,545 4,799 4,764 4,893 4,913 3,999 3,831
Profitability Ratio
ROE1 374.67% 109.92% 66.51% 38.58% 11.89% 18.86% 6.89% 8.63% 14.76% 1.21%
Benchmarks
ROE, Competitors2
Airbnb Inc. 31.48% 21.65% 60.53% 62.55% 58.69% 59.85% 45.46% 38.34% 34.05% 29.40% 23.80% 16.92% -7.37%
Chipotle Mexican Grill Inc. 41.97% 41.08% 37.99% 38.57% 40.13% 40.55% 40.27% 41.60% 37.97% 34.75% 35.10% 32.06% 28.42% 30.74% 26.97% 19.38% 17.61%
McDonald’s Corp.
Starbucks Corp.

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
ROE = 100 × (Net income (loss)Q4 2024 + Net income (loss)Q3 2024 + Net income (loss)Q2 2024 + Net income (loss)Q1 2024) ÷ Stockholders’ equity (deficit)
= 100 × (1,068 + 2,517 + 1,521 + 776) ÷ -4,020 =

2 Click competitor name to see calculations.


Return on Assets (ROA)

Booking Holdings Inc., ROA calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Net income (loss) 1,068 2,517 1,521 776 222 2,511 1,290 266 1,235 1,666 857 (700) 618 769 (167) (55) (165) 801 122 (699)
Total assets 27,708 27,978 28,541 27,728 24,342 25,635 26,558 25,206 25,361 22,063 24,493 22,384 23,641 23,341 23,881 23,655 21,874 22,145 20,912 17,862
Profitability Ratio
ROA1 21.23% 18.00% 17.62% 17.31% 17.62% 20.68% 16.78% 15.96% 12.06% 11.06% 6.30% 2.32% 4.93% 1.64% 1.73% 2.97% 0.27%
Benchmarks
ROA, Competitors2
Airbnb Inc. 12.63% 8.29% 18.40% 20.13% 23.21% 25.47% 10.85% 10.13% 11.80% 10.13% 6.55% 4.70% -2.57%
Chipotle Mexican Grill Inc. 16.67% 16.47% 15.81% 15.41% 15.27% 14.79% 14.75% 14.64% 12.98% 11.86% 11.55% 10.58% 9.81% 10.72% 9.28% 6.61% 5.95%
McDonald’s Corp. 14.90% 14.68% 15.44% 16.06% 15.08% 16.00% 15.86% 13.22% 12.25% 12.19% 12.35% 13.98% 14.01% 13.81% 13.29% 10.10% 8.99%
Starbucks Corp. 12.00% 13.52% 14.16% 14.71% 14.01% 13.17% 12.43% 11.75% 11.73% 14.80% 15.19% 15.24% 13.38% 9.59% 3.51% 2.22% 3.16% 4.59% 12.33% 13.43%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
ROA = 100 × (Net income (loss)Q4 2024 + Net income (loss)Q3 2024 + Net income (loss)Q2 2024 + Net income (loss)Q1 2024) ÷ Total assets
= 100 × (1,068 + 2,517 + 1,521 + 776) ÷ 27,708 = 21.23%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Booking Holdings Inc. ROA improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.