Booking Holdings Inc (BKNG)

Operating profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	5,835,000	6,571,000	6,051,000	5,378,000	5,102,000	4,605,000	4,037,000	2,981,000	2,496,000	1,495,000	-205,000	-633,000	-631,000	694,000	2,749,000	4,480,000	5,345,000	5,316,000	5,193,000	5,167,000
Revenue (ttm)	US$ in thousands	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	15,066,000	14,940,000	14,749,000	14,436,000
Operating profit margin		27.31%	31.85%	31.29%	29.59%	29.85%	28.74%	27.56%	23.83%	22.78%	16.22%	-2.86%	-11.21%	-9.28%	7.80%	24.33%	30.86%	35.48%	35.58%	35.21%	35.79%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $5,835,000K ÷ $21,365,000K
= 27.31%

Booking Holdings Inc has consistently maintained a healthy operating profit margin over the past eight quarters. The operating profit margin ranged from 24.15% to 30.71% during this period, reflecting the company's ability to effectively control operating expenses relative to its revenue generation.

In the most recent quarter, Q4 2023, the operating profit margin was 27.33%, showing a slight decrease from the previous quarter but remaining within the historical range. This indicates the company's ability to sustain profitability despite potential challenges in the operating environment.

Overall, Booking Holdings Inc's operating profit margin has demonstrated stability and efficiency in managing costs to generate profits. The slight fluctuations in the operating profit margin over the quarters are within a reasonable range and reflect the company's consistent performance in optimizing operational efficiency.