Booking Holdings Inc.

BKNGNASDAQConsumer Cyclical● Active

$165.84

$-1.65(-0.99%)

Market Cap$128.5B

P/E Ratio—

52W High$233.5764

52W Low$150.14

Avg Volume7.9M

Open$167.54

Beta1.09

Free Cash Flow Financials Revenue

Booking Holdings Inc. (BKNG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BKNG · free cash flow · updated Jun 8, 2026

Core FCF metrics

BKNG · FCF · TTM · margin & CAGR

Free cash flow was $9.09B for FY2025 (fiscal year ending 2025-12-31), up 15.1% year-over-year The FCF margin was 33.8%.

FY2025 Free Cash Flow$9.09B▲ +15.1% YoY

Trailing 12M (TTM)$9.03Btrailing 4 quarters sum

FCF Margin33.8%$9.09B ÷ revenue

3-Year CAGR+13.7%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BKNG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$9.41B(322M)$9.09B▲ +15.1%33.8%

FY2024$8.32B(429M)$7.89B▲ +12.8%33.3%

FY2023$7.34B(345M)$7.00B▲ +13.1%32.8%

FY2022$6.55B(368M)$6.19B▲ +145.9%36.2%

FY2021$2.82B(304M)$2.52B▲ +1351.7%23.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BKNG · P/FCF · FCF yield · FCF per share

Booking Holdings Inc. (BKNG) trades at a FCF yield of 7.03% and a price-to-free-cash-flow ratio of 14.9x. FCF per share stands at $11.13, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.03%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$11.13

TTM FCF ÷ Shares Outstanding

Price / FCF

x14.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x14.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BKNG · cash flow statement · operating / investing / financing

For FY2025, Booking Holdings Inc. generated $9.41B in operating cash flow and spent 322M in capital expenditures, yielding $9.09B in free cash flow.

Operating Activities

+$9.41B

Cash from core business operations

2025-12-31

Investing Activities

−$313.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$8.91B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($9.41B) − |CapEx| (322M) = FCF ($9.09B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

BKNG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Booking Holdings Inc.YOU

BKNG

$9.09B+15.1%33.8%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Booking Holdings Inc. (BKNG) reported free cash flow of $9.09B for FY2025 (fiscal year ending 2025-12-31), up 15.1% year-over-year. The FCF margin was 33.8%.

Based on available data, Booking Holdings Inc. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $9.09B in FY2025.

Booking Holdings Inc.'s FCF yield is 7.03% and price-to-FCF ratio is 14.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BKNG free cash flow · 8 questions

Booking Holdings Inc. free cash flow was $9.09B for FY2025, up 15.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $9.03B.

BKNG free cash flowBKNG FCFBKNG FCF 2025BKNG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Booking Holdings Inc. · Booking Holdings Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026