Booking Holdings Inc (BKNG)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 23,230,000 | 22,368,000 | 21,736,000 | 21,321,000 | 20,700,000 | 19,977,000 | 18,712,000 | 17,555,000 | 16,483,000 | 15,437,000 | 14,060,000 | 11,921,000 | 10,359,000 | 8,189,000 | 5,760,000 | 3,932,000 | 4,753,000 | 4,795,000 | 7,168,000 | 10,221,000 |
| Revenue (ttm) | US$ in thousands | 23,739,000 | 23,052,000 | 22,399,000 | 22,002,000 | 21,365,000 | 20,630,000 | 19,341,000 | 18,173,000 | 17,090,000 | 16,022,000 | 14,646,000 | 12,512,000 | 10,958,000 | 9,215,000 | 7,179,000 | 5,649,000 | 6,796,000 | 8,897,000 | 11,297,000 | 14,517,000 |
| Gross profit margin | 97.86% | 97.03% | 97.04% | 96.90% | 96.89% | 96.83% | 96.75% | 96.60% | 96.45% | 96.35% | 96.00% | 95.28% | 94.53% | 88.87% | 80.23% | 69.61% | 69.94% | 53.89% | 63.45% | 70.41% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $23,230,000K ÷ $23,739,000K
= 97.86%
The gross profit margin of Booking Holdings Inc has shown a generally positive trend over the periods from March 31, 2020, to December 31, 2024. The margin increased from 70.41% in March 2020 to a peak of 97.86% by December 2024. This upward trend indicates the company's ability to effectively manage its production costs and generate higher revenue relative to the cost of goods sold.
The significant improvement in the gross profit margin over the years reflects Booking Holdings Inc's efficiency in optimizing its pricing strategies, controlling operating expenses, or possibly benefiting from economies of scale. The company's ability to consistently improve its gross profit margin is a positive indicator of its financial health and operational effectiveness.
A higher gross profit margin signifies Booking Holdings Inc's strength in generating profits from its core business activities and is often viewed favorably by investors and stakeholders. However, it is important to note that other factors, such as changes in market conditions or competition, could also impact the gross profit margin in the future.
Peer comparison
Dec 31, 2024