Booking Holdings Inc (BKNG)

Operating 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
Operating income (ttm)	US$ in thousands	7,555,000	6,436,000	6,360,000	6,177,000	5,836,000	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
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
Operating profit margin		31.83%	27.92%	28.39%	28.07%	27.32%	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%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $7,555,000K ÷ $23,739,000K
= 31.83%

Booking Holdings Inc's operating profit margin has shown fluctuations over the past few years. From a high of 30.86% in March 2020, the margin declined to -9.28% by the end of December 2020, indicating a period of financial challenges and decreased profitability. However, the company managed to improve its performance, with the operating profit margin increasing to 31.83% by the end of December 2024.

Despite some variability, the general trend has been positive, with the operating profit margin consistently improving since the decline in late 2020. This suggests that Booking Holdings Inc implemented successful strategies to enhance operational efficiency and profitability over this period.

Overall, the upward trend in operating profit margin reflects the company's ability to effectively manage its operating expenses relative to its revenue, resulting in a stronger financial performance over time.