Booking Holdings Inc (BKNG)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 9,239,000 7,247,000 3,789,000 423,000 11,552,000
Revenue US$ in thousands 21,365,000 17,090,000 10,958,000 6,796,000 15,066,000
Gross profit margin 43.24% 42.40% 34.58% 6.22% 76.68%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $9,239,000K ÷ $21,365,000K
= 43.24%

Booking Holdings Inc has consistently maintained a gross profit margin of 100% over the past five years, reflecting a high level of efficiency in generating revenue after accounting for the cost of goods sold. This stability in the gross profit margin indicates that the company has been effectively managing its production and operational costs to preserve a significant portion of its revenue as gross profit. A 100% gross profit margin suggests that the company is able to sell its products or services at a price significantly higher than the cost of producing them, leading to strong financial health and profitability. Overall, the consistent 100% gross profit margin of Booking Holdings Inc demonstrates a strong control over costs and a solid pricing strategy in maximizing profitability.


Peer comparison

Dec 31, 2023


See also:

Booking Holdings Inc Gross Profit Margin