Booking Holdings Inc (BKNG)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,835,000 | 5,102,000 | 2,496,000 | -631,000 | 5,345,000 |
| Revenue | US$ in thousands | 21,365,000 | 17,090,000 | 10,958,000 | 6,796,000 | 15,066,000 |
| Operating profit margin | 27.31% | 29.85% | 22.78% | -9.28% | 35.48% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $5,835,000K ÷ $21,365,000K
= 27.31%
Booking Holdings Inc's operating profit margin has fluctuated over the past five years. It experienced a significant decrease in 2020, with an operating profit margin of 8.53%, reflecting the challenges faced by the company during that year, possibly due to the effects of the global pandemic. However, the company managed to improve its operating profit margin in subsequent years, reaching 27.33% at the end of 2023. This indicates an improvement in the company's operational efficiency and profitability over the years, with 2019 showing the highest operating profit margin of 35.48%. Overall, the trend suggests that Booking Holdings Inc has been able to successfully navigate challenges and enhance its profitability in recent years.
Peer comparison
Dec 31, 2023