{ "ok": true, "cik": "1075531", "ticker": "BKNG", "name": "Booking Holdings Inc.", "filings": [ { "form": "10-Q", "filed": "2026-08-04", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1075531/000107553126000037/0001075531-26-000037-index.htm" }, { "form": "8-K", "filed": "2026-08-04", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1075531/000107553126000036/0001075531-26-000036-index.htm" }, { "form": "8-K", "filed": "2026-06-02", "items": [ "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1075531/000107553126000031/0001075531-26-000031-index.htm" }, { "form": "8-K", "filed": "2026-05-11", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1075531/000110465926058730/0001104659-26-058730-index.htm" }, { "form": "8-K", "filed": "2026-05-07", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1075531/000110465926057239/0001104659-26-057239-index.htm" }, { "form": "10-Q", "filed": "2026-04-28", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1075531/000107553126000025/0001075531-26-000025-index.htm" } ], "events12m": 12, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-04-02", "url": "https://www.sec.gov/Archives/edgar/data/1075531/000107553126000014/0001075531-26-000014-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001075531.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1075531" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Booking Holdings Inc. ($BKNG). Last filing: 10-Q, 2026-08-04. 12 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 26917000000, "revenueGrowth1y": 0.1338725304351489, "revenueGrowthPerYear": 0.2519121074991648, "yearsOfData": 5, "operatingMargin": 0.3278597169075306, "operatingMarginPrior": 0.3182526643919289, "netMargin": null, "operatingCashFlow": 9409000000, "capitalSpending": 322000000, "freeCashFlow": 9087000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 17203000000, "longTermDebt": 18736000000, "longTermDebtChange": 0.12881070008434747, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 10958000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 17090000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 21365000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 23739000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 26917000000 } ], "totalEquity": -5578000000, "totalAssets": 29264000000, "equityRatio": -0.19060962274466922, "returnOnEquity": null, "dividendsPaid": 1248000000, "payoutRatio": null, "dividendPerShare": 9.6, "dividendYearsRising": 1, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 166.52, "sharesOutstanding": 32639000, "bookValuePerShare": -170.8998437452128, "revenuePerShare": 824.6882563804038, "range80": { "low": 25322518779.362118, "high": 35046819085.99972, "baseline": 30919013076.419724, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.1552787790471104, "classVolatility": 0.06659579566308972, "volatility": 0.11947070607969414 }, "ifPaceHeld": { "low": 25322518779.362118, "high": 35046819085.99972 } }, "edgarette": "🔖 Exposure: revenue $26.9B (FY2025), total debt $18.7B. Experience: revenue up 13.4% on the year, up 25.2% a year over 4 years; operating margin 32.8%, up from 31.8%. Soundness: equity -19.1% of assets (liabilities exceed assets), dividend per share up 1 year running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $25.3B and $35.0B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $22.0B to $39.9B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, transportation services): operating margin 32.8% against a 6.4% median; growth 13.4% against 12.2%.", "peers": { "sic": 4700, "sicDescription": "Transportation Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4700", "growth": [ 0.1217, 9 ], "opMargin": [ 0.0641, 8 ], "equityRatio": [ 0.2271, 9 ] }, "summary": "Booking Holdings (BKNG) grew revenue 13.4% in FY2025 to $26.9 billion, operating margin 32.8% against a 6.4% median for transportation services, equity -19.1% of assets, and dividend per share up 1 year running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Booking Holdings Inc. against its own record and its peers
Operating marginPeer median 6.4%32.8%Revenue, on the yearPeer median 12.2%13.4%Equity of assetsPeer median 22.7%-19.1%Gold tick: the median of 9–9 peers with $50M+ revenue in transportation services
", "chartHorizon": null, "backtest": { "tests": 14, "hits": 10, "rate": 0.7142857142857143, "method": "v4", "byYear": { "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 0, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:02:04.680Z", "hash": "86a5b5de8908a1f6", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Booking Holdings (BKNG) grew revenue 13.4% in FY2025 to $26.9 billion, operating margin 32.8% against a 6.4% median for transportation services, equity -19.1% of assets, and dividend per share up 1 year running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 26917000000, "totalDebt": 18736000000, "cash": 17203000000 }, "experience": { "revenueGrowth1y": 0.1338725304351489, "revenueGrowthPerYear": 0.2519121074991648, "operatingMargin": 0.3278597169075306, "operatingMarginPrior": 0.3182526643919289, "netMargin": null, "freeCashFlow": 9087000000 }, "soundness": { "equityRatio": -0.19060962274466922, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": 9.6, "dividendYearsRising": 1, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 4700, "sicDescription": "Transportation Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4700", "growth": [ 0.1217, 9 ], "opMargin": [ 0.0641, 8 ], "equityRatio": [ 0.2271, 9 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-04-02", "url": "https://www.sec.gov/Archives/edgar/data/1075531/000107553126000014/0001075531-26-000014-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 25322518779.362118, "high": 35046819085.99972, "baseline": 30919013076.419724, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.1552787790471104, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.11947070607969414, "k": 3 }, "stress": { "low": 21953574931.164894, "high": 39921420669.613174, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 14, "hits": 10, "rate": 0.7142857142857143, "method": "v4", "byYear": { "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 0, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:02:04.680Z", "hash": "86a5b5de8908a1f6", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001075531.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1075531" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.3496, "growth3y": 0.1635, "volatility": 0.1553, "paysDividend": true, "raisedDividend": true, "equityRatio": -0.1906, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "later", "inside": "Turns 35.0% of revenue into operating cash; revenue growing 16.4% a year over three years; pays and raised its dividend; liabilities exceed assets.", "outside": "Among $10B+ companies: 89th percentile for cash, 89th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$10B+", "cashPctInClass": 89, "growthPctInClass": 89, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 9409000000, "investing": -313000000, "financing": -8915000000, "capitalSpending": 322000000, "free": 9087000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 2820000000, "free": 2516000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 6554000000, "free": 6186000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 7344000000, "free": 6999000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 8323000000, "free": 7894000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 9409000000, "free": 9087000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 17203000000, "shortTerm": null, "longTerm": 582000000, "equityHoldings": null, "totalAssets": 29264000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.3496, "growth3y": 0.1635, "volatility": 0.1553, "paysDividend": true, "raisedDividend": true, "equityRatio": -0.1906, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "later", "inside": "Turns 35.0% of revenue into operating cash; revenue growing 16.4% a year over three years; pays and raised its dividend; liabilities exceed assets.", "outside": "Among $10B+ companies: 89th percentile for cash, 89th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$10B+", "cashPctInClass": 89, "growthPctInClass": 89, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 9409000000, "investing": -313000000, "financing": -8915000000, "capitalSpending": 322000000, "free": 9087000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 2820000000, "free": 2516000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 6554000000, "free": 6186000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 7344000000, "free": 6999000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 8323000000, "free": 7894000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 9409000000, "free": 9087000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 17203000000, "shortTerm": null, "longTerm": 582000000, "equityHoldings": null, "totalAssets": 29264000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }