Booking Holdings Inc (BKNG)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 23,739,000 | 21,360,000 | 16,483,000 | 10,359,000 | 6,154,000 |
| Revenue | US$ in thousands | 23,739,000 | 21,365,000 | 17,090,000 | 10,958,000 | 6,796,000 |
| Gross profit margin | 100.00% | 99.98% | 96.45% | 94.53% | 90.55% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $23,739,000K ÷ $23,739,000K
= 100.00%
Booking Holdings Inc has demonstrated a consistently strong trend in its gross profit margin over the past five years. The gross profit margin has increased from 90.55% as of December 31, 2020, to 100.00% as of December 31, 2024.
This upward trajectory indicates that the company has effectively managed its cost of goods sold and maintained a high level of profitability on each dollar of revenue generated. The significant improvement in the gross profit margin reflects Booking Holdings Inc's ability to optimize its operational efficiency and pricing strategies, resulting in increased profitability over the years.
The company's ability to consistently expand its gross profit margin demonstrates its strong competitive position in the market and efficient management of its resources. Investors and stakeholders may view this trend positively as it signals sustained profitability and potential for future growth in earnings.
Peer comparison
Dec 31, 2024