PerpEquities

Equity · Consumer cyclical

Is Booking Holdings (BKNG) tradable as a perp? Not yet

Booking Holdings Inc. is a global provider of online travel and dining reservation services, operating platforms like Booking.com, Priceline, KAYAK, and OpenTable.

Not yet listed on any perp exchange

No perpetual-futures venue lists BKNG yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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TradingView symbol NASDAQ:BKNG

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Company data

Company fundamentals

Updated 1h ago
Market cap
$130.1B
Updated 1h ago
Revenue
$28.2B
Trailing 12 months
Revenue growth
+9%
Next fiscal year
Profit margin
+25.5%
P/E
18.5
Peer P/E 36.5
Free cash flow
$9.5B
Trailing 12 months
More metrics
Net income
$7.2B
Trailing 12 months
P/S
4.6
Peer P/E
36.5
Similar listed perps
Revenue estimate
$29.3B
Next fiscal year
Earnings
2026-10-27
Revenue est. $9.5B · Updated 1h ago
Dividend
$0.42
2026-09-11

Fundamental detail

Annual + quarterly
Latest revenue$26.9B
Net margin+20.1%
Free cash flow$9.1B
Net debt$2.1B
2020$6.8B
2021$11B
2022$17.1B
2023$21.4B
2024$23.7B
2025$26.9B
PeriodRevenueGrowthNet incomeFCF
2020$6.8B-55%$59M-$201M
2021$11B+61%$1.2B$2.5B
2022$17.1B+56%$3.1B$6.2B
2023$21.4B+25%$4.3B$7B
2024$23.7B+11%$5.9B$7.9B
2025$26.9B+13%$5.4B$9.1B
PeriodGross marginOperating marginNet marginROEROA
2020+100.0%-9.3%+0.9%+1.2%+0.3%
2021+100.0%+22.8%+10.6%+18.9%+4.9%
2022+100.0%+29.9%+17.9%+109.9%+12.1%
2023+100.0%+27.3%+20.1%-156.3%+17.6%
2024+100.0%+31.8%+24.8%-146.3%+21.2%
2025+100.0%+34.5%+20.1%-96.9%+18.5%
PeriodCashDebtNet debtCurrent ratio
2020$10.6B$12.4B$1.8B3.56
2021$11.1B$11.3B$150M2.10
2022$12.2B$13B$816M1.86
2023$12.1B$14.8B$2.7B1.28
2024$16.2B$17.1B$917M1.31
2025$17.2B$19.3B$2.1B1.33
PeriodMarket capEnterprise valueP/SP/E
2020$91.3B$93.1B13.41,546.7
2021$98.5B$98.6B9.084.5
2022$80.4B$81.2B4.726.3
2023$128.2B$130.9B6.029.9
2024$167.1B$168B7.028.4
2025$173.8B$175.9B6.532.2
Q3 2024$8B
Q4 2024$5.5B
Q1 2025$4.8B
Q2 2025$6.8B
Q3 2025$9B
Q4 2025$6.3B
Q1 2026$5.5B
Q2 2026$7.4B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$8B+9%$2.5B$2.3B
Q4 2024$5.5B+14%$1.1B$645M
Q1 2025$4.8B+8%$333M$3.2B
Q2 2025$6.8B+16%$895M$3.1B
Q3 2025$9B+13%$2.7B$1.4B
Q4 2025$6.3B+16%$1.4B$1.4B
Q1 2026$5.5B+16%$1.1B$3.1B
Q2 2026$7.4B+8%$2B$3.6B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+100.0%+39.8%+31.5%-68.9%+9.0%
Q4 2024+100.0%+31.6%+19.5%-26.6%+3.9%
Q1 2025+100.0%+22.3%+7.0%-5.4%+1.2%
Q2 2025+100.0%+33.1%+13.2%-13.4%+2.9%
Q3 2025+100.0%+43.7%+30.5%-58.0%+9.6%
Q4 2025+100.0%+32.0%+22.5%-25.6%+4.9%
Q1 2026+100.0%+23.0%+19.6%-12.4%+3.9%
Q2 2026+100.0%+34.0%+26.5%-18.1%+6.6%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$15.8B$16.7B$945M1.23
Q4 2024$16.2B$17.1B$917M1.31
Q1 2025$15.6B$16.5B$922M1.22
Q2 2025$17.6B$19B$1.4B1.25
Q3 2025$16.5B$17.5B$1B1.33
Q4 2025$17.2B$19.3B$2.1B1.33
Q1 2026$16B$18.9B$2.9B1.06
Q2 2026$17.2B$20.7B$3.5B1.09
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$140.7B$141.6B17.614.0
Q4 2024$164.2B$165.1B30.038.4
Q1 2025$151.3B$152.2B31.8113.6
Q2 2025$188.1B$189.5B27.752.6
Q3 2025$174.8B$175.9B19.415.9
Q4 2025$173.8B$175.9B27.430.4
Q1 2026$133B$136B24.030.7
Q2 2026$136.9B$140.4B18.617.5

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$7.4BQ2 2026
$2.3B$4.5B$6.8B$9BQ3 2023: $7.3BQ4 2023: $4.8BQ1 2024: $4.4BQ2 2024: $5.9BQ3 2024: $8BQ4 2024: $5.5BQ1 2025: $4.8BQ2 2025: $6.8BQ3 2025: $9BQ4 2025: $6.3BQ1 2026: $5.5BQ2 2026: $7.4BQ3 2023Q2 2026
Net income$2BQ2 2026
$687M$1.4B$2.1B$2.7BQ3 2023: $2.5BQ4 2023: $222MQ1 2024: $776MQ2 2024: $1.5BQ3 2024: $2.5BQ4 2024: $1.1BQ1 2025: $333MQ2 2025: $895MQ3 2025: $2.7BQ4 2025: $1.4BQ1 2026: $1.1BQ2 2026: $2BQ3 2023Q2 2026
EBITDA$3BQ2 2026
$992.3M$2B$3B$4BQ3 2023: $3.6BQ4 2023: $794MQ1 2024: $1.3BQ2 2024: $2.4BQ3 2024: $3.4BQ4 2024: $2.3BQ1 2025: $1.2BQ2 2025: $1.7BQ3 2025: $4BQ4 2025: $2.3BQ1 2026: $1.5BQ2 2026: $3BQ3 2023Q2 2026
Free cash flow$3.6BQ2 2026
$910.8M$1.8B$2.7B$3.6BQ3 2023: $1.3BQ4 2023: $1.3BQ1 2024: $2.6BQ2 2024: $2.4BQ3 2024: $2.3BQ4 2024: $645MQ1 2025: $3.2BQ2 2025: $3.1BQ3 2025: $1.4BQ4 2025: $1.4BQ1 2026: $3.1BQ2 2026: $3.6BQ3 2023Q2 2026
EPS$2.53Q2 2026
$0.84$1.69$2.53$3.38Q3 2023: $2.79Q4 2023: $0.25Q1 2024: $0.89Q2 2024: $1.78Q3 2024: $2.97Q4 2024: $1.28Q1 2025: $0.4Q2 2025: $1.1Q3 2025: $3.38Q4 2025: $1.75Q1 2026: $1.36Q2 2026: $2.53Q3 2023Q2 2026
Cash / Debt$17.2BQ2 2026
$5.2B$10.3B$15.5B$20.7BQ3 2023 · Cash: $13.3BQ3 2023 · Debt: $14.3BQ4 2023 · Cash: $12.1BQ4 2023 · Debt: $14.8BQ1 2024 · Cash: $15.6BQ1 2024 · Debt: $17.5BQ2 2024 · Cash: $16.3BQ2 2024 · Debt: $17.3BQ3 2024 · Cash: $15.8BQ3 2024 · Debt: $16.7BQ4 2024 · Cash: $16.2BQ4 2024 · Debt: $17.1BQ1 2025 · Cash: $15.6BQ1 2025 · Debt: $16.5BQ2 2025 · Cash: $17.6BQ2 2025 · Debt: $19BQ3 2025 · Cash: $16.5BQ3 2025 · Debt: $17.5BQ4 2025 · Cash: $17.2BQ4 2025 · Debt: $19.3BQ1 2026 · Cash: $16BQ1 2026 · Debt: $18.9BQ2 2026 · Cash: $17.2BQ2 2026 · Debt: $20.7BQ3 2023Q2 2026
CashDebt
Profitability+100.0%Q2 2026
+25.0%+50.0%+75.0%+100.0%Q3 2023 · Gross margin: +100.0%Q4 2023 · Gross margin: +100.0%Q1 2024 · Gross margin: +100.0%Q2 2024 · Gross margin: +100.0%Q3 2024 · Gross margin: +100.0%Q4 2024 · Gross margin: +100.0%Q1 2025 · Gross margin: +100.0%Q2 2025 · Gross margin: +100.0%Q3 2025 · Gross margin: +100.0%Q4 2025 · Gross margin: +100.0%Q1 2026 · Gross margin: +100.0%Q2 2026 · Gross margin: +100.0%Q3 2023 · Operating margin: +42.3%Q4 2023 · Operating margin: +12.7%Q1 2024 · Operating margin: +17.9%Q2 2024 · Operating margin: +31.7%Q3 2024 · Operating margin: +39.8%Q4 2024 · Operating margin: +31.6%Q1 2025 · Operating margin: +22.3%Q2 2025 · Operating margin: +33.1%Q3 2025 · Operating margin: +43.7%Q4 2025 · Operating margin: +32.0%Q1 2026 · Operating margin: +23.0%Q2 2026 · Operating margin: +34.0%Q3 2023 · Net margin: +34.2%Q4 2023 · Net margin: +4.6%Q1 2024 · Net margin: +17.6%Q2 2024 · Net margin: +26.0%Q3 2024 · Net margin: +31.5%Q4 2024 · Net margin: +19.5%Q1 2025 · Net margin: +7.0%Q2 2025 · Net margin: +13.2%Q3 2025 · Net margin: +30.5%Q4 2025 · Net margin: +22.5%Q1 2026 · Net margin: +19.6%Q2 2026 · Net margin: +26.5%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+8.1%Q2 2026
+4.0%+8.1%+12.1%+16.2%Q3 2024: +8.9%Q4 2024: +14.4%Q1 2025: +7.9%Q2 2025: +16.0%Q3 2025: +12.7%Q4 2025: +16.0%Q1 2026: +16.2%Q2 2026: +8.1%Q3 2023Q2 2026
Shares outstanding770MQ2 2026
224.9M449.8M674.8M899.7MQ3 2023: 899.7MQ4 2023: 880.6MQ1 2024: 867.7MQ2 2024: 856.7MQ3 2024: 846.6MQ4 2024: 835.7MQ1 2025: 827.3MQ2 2025: 815.5MQ3 2025: 814MQ4 2025: 816MQ1 2026: 794MQ2 2026: 770MQ3 2023Q2 2026
Valuation17.5Q2 2026
34.869.6104.4139.2Q3 2023 · P/E: 10.9Q4 2023 · P/E: 139.2Q1 2024 · P/E: 39.3Q2 2024 · P/E: 21.6Q3 2024 · P/E: 14.0Q4 2024 · P/E: 38.4Q1 2025 · P/E: 113.6Q2 2025 · P/E: 52.6Q3 2025 · P/E: 15.9Q4 2025 · P/E: 30.4Q1 2026 · P/E: 30.7Q2 2026 · P/E: 17.5Q3 2023 · P/S: 14.9Q4 2023 · P/S: 25.8Q1 2024 · P/S: 27.6Q2 2024 · P/S: 22.4Q3 2024 · P/S: 17.6Q4 2024 · P/S: 30.0Q1 2025 · P/S: 31.8Q2 2025 · P/S: 27.7Q3 2025 · P/S: 19.4Q4 2025 · P/S: 27.4Q1 2026 · P/S: 24.0Q2 2026 · P/S: 18.6Q3 2023Q2 2026
P/EP/S
Revenue$26.9B2025
$6.7B$13.5B$20.2B$26.9B2018: $14.5B2019: $15.1B2020: $6.8B2021: $11B2022: $17.1B2023: $21.4B2024: $23.7B2025: $26.9B20182025
Net income$5.4B2025
$1.5B$2.9B$4.4B$5.9B2018: $4B2019: $4.9B2020: $59M2021: $1.2B2022: $3.1B2023: $4.3B2024: $5.9B2025: $5.4B20182025
EBITDA$9.2B2025
$2.3B$4.7B$7B$9.3B2018: $5.5B2019: $6.9B2020: $1.6B2021: $2.4B2022: $4.9B2023: $7B2024: $9.3B2025: $9.2B20182025
Free cash flow$9.1B2025
$2.1B$4.4B$6.8B$9.1B2018: $4.9B2019: $4.5B2020: -$201M2021: $2.5B2022: $6.2B2023: $7B2024: $7.9B2025: $9.1B20182025
EPS$6.622025
$1.73$3.45$5.18$6.912018: $3.332019: $4.472020: $0.062021: $1.132022: $3.052023: $4.72024: $6.912025: $6.6220182025
Cash / Debt$17.2B2025
$4.8B$9.6B$14.5B$19.3B2018 · Cash: $2.6B2018 · Debt: $8.6B2019 · Cash: $6.3B2019 · Debt: $9.1B2020 · Cash: $10.6B2020 · Debt: $12.4B2021 · Cash: $11.1B2021 · Debt: $11.3B2022 · Cash: $12.2B2022 · Debt: $13B2023 · Cash: $12.1B2023 · Debt: $14.8B2024 · Cash: $16.2B2024 · Debt: $17.1B2025 · Cash: $17.2B2025 · Debt: $19.3B20182025
CashDebt
Profitability+100.0%2025
+18.0%+45.4%+72.7%+100.0%2018 · Gross margin: +100.0%2019 · Gross margin: +100.0%2020 · Gross margin: +100.0%2021 · Gross margin: +100.0%2022 · Gross margin: +100.0%2023 · Gross margin: +100.0%2024 · Gross margin: +100.0%2025 · Gross margin: +100.0%2018 · Operating margin: +36.8%2019 · Operating margin: +35.5%2020 · Operating margin: -9.3%2021 · Operating margin: +22.8%2022 · Operating margin: +29.9%2023 · Operating margin: +27.3%2024 · Operating margin: +31.8%2025 · Operating margin: +34.5%2018 · Net margin: +27.5%2019 · Net margin: +32.3%2020 · Net margin: +0.9%2021 · Net margin: +10.6%2022 · Net margin: +17.9%2023 · Net margin: +20.1%2024 · Net margin: +24.8%2025 · Net margin: +20.1%20182025
Gross marginOperating marginNet margin
Revenue growth+13.4%2025
-25.9%+3.2%+32.2%+61.2%2019: +3.7%2020: -54.9%2021: +61.2%2022: +56.0%2023: +25.0%2024: +11.1%2025: +13.4%20182025
Shares outstanding816M2025
300.1M600.2M900.3M1.2B2018: 1.2B2019: 1.1B2020: 1B2021: 1B2022: 1B2023: 913.3M2024: 851.6M2025: 816M20182025
Valuation32.22025
386.7773.41,160.01,546.72018 · P/E: 20.42019 · P/E: 18.22020 · P/E: 1,546.72021 · P/E: 84.52022 · P/E: 26.32023 · P/E: 29.92024 · P/E: 28.42025 · P/E: 32.22018 · P/S: 5.62019 · P/S: 5.92020 · P/S: 13.42021 · P/S: 9.02022 · P/S: 4.72023 · P/S: 6.02024 · P/S: 7.02025 · P/S: 6.520182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202610.45$29.3B+9%26
FY 202712.38$32B+19%26
FY 202814.33$34.6B+29%19
FY 202917.18$38B+41%8
FY 203019.72$40.7B+51%14
Q1 20271.41$6B+8%8

Company events

6
2026-10-27EarningsActual - / Estimate 4.49-
2026-09-11Dividend$0.42-
2026-08-04EarningsActual 2.54 / Estimate 2.43Beat
2026-06-05Dividend$0.42-
2026-04-28EarningsActual 1.14 / Estimate 1.08Beat
2026-04-06Stock split25:1-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
PDD$112.3B1.77.9+20.4%14SBUX$109.2B2.955.1+5.2%2ABNB$98.7B7.537.6+20.4%5MELI$90.6B2.648.6+5.3%6MAR$88.4B3.335.3+9.6%3MCD$176.4B6.420.1+31.7%9RACE$71.5B8.538.3+22.3%1MEITUAN$57.6B1.0-9.9-10.1%13

Analyst track record

How the analysts covering BKNG have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings201531
Analysts4047
Buy / hold / sell149 / 52 / 0355 / 173 / 3
Upgrades / downgrades / initiations7 / 2 / 615 / 10 / 13
Price targets hit / missed2 / 187 (1%)4 / 482 (1%)
Avg. return after a rating (TipRanks)-26.6%-57.9%
Best / worst call+1.3% / -97.2%+12.9% / -97.4%

After buy calls on this stock: median 21-day move +2.0% vs S&P 500 +0.8% (n = 348)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Trevor YoungBarclays23% hit rate on this stock · 13 targets measuredBuytarget $210May 6, 2026
  2. Nicholas Jones CFAExane BNP Paribas17% hit rate on this stock · 12 targets measuredBuytarget $243Nov 24, 2025
  3. Scott DevittRosenblatt Securities15% hit rate on this stock · 13 targets measuredBuytarget $245Sep 1, 2026

Latest ratings

DateAnalystCallTarget
Sep 16, 2026Matthew CostMorgan StanleyBuyInitiated$230article ↗
Sep 16, 2026Matthew CostMorgan StanleyBuyInitiated$230
Sep 15, 2026Richard ClarkeBernsteinHoldMaintained$188article ↗
Sep 9, 2026Ronald JoseyCitiBuyReiterated$236article ↗
Sep 1, 2026Scott DevittRosenblatt SecuritiesBuyInitiated$245article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$150$200$250$300$350$400Oct 25 · Buy 20 · Hold 9 · Sell 0Oct 25Nov 25 · Buy 23 · Hold 6 · Sell 0Dec 25 · Buy 23 · Hold 6 · Sell 0Dec 25Jan 26 · Buy 21 · Hold 7 · Sell 0Feb 26 · Buy 25 · Hold 6 · Sell 0Feb 26Mar 26 · Buy 25 · Hold 6 · Sell 0Apr 26 · Buy 27 · Hold 8 · Sell 0Apr 26May 26 · Buy 26 · Hold 9 · Sell 0Jun 26 · Buy 26 · Hold 8 · Sell 0Jun 26Jul 26 · Buy 27 · Hold 9 · Sell 0Aug 26 · Buy 23 · Hold 8 · Sell 0Aug 26Sep 26 · Buy 25 · Hold 8 · Sell 0Oct 25 · avg. target $247Nov 25 · avg. target $247Dec 25 · avg. target $247Jan 26 · avg. target $247Feb 26 · avg. target $427Mar 26 · avg. target $421Apr 26 · avg. target $222May 26 · avg. target $223Jun 26 · avg. target $222Jul 26 · avg. target $222Aug 26 · avg. target $234Sep 26 · avg. target $234Oct 25 · month-end close $203Nov 25 · month-end close $197Dec 25 · month-end close $214Jan 26 · month-end close $200Feb 26 · month-end close $170Mar 26 · month-end close $168Apr 26 · month-end close $168May 26 · month-end close $167Jun 26 · month-end close $178Jul 26 · month-end close $193Aug 26 · month-end close $199Sep 26 · month-end close $171

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 201 ratings