Booking Holdings Inc (BKNG)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 5,481,000 | 3,923,000 | 1,465,000 | 567,000 | 5,958,000 |
| Revenue | US$ in thousands | 21,365,000 | 17,090,000 | 10,958,000 | 6,796,000 | 15,066,000 |
| Pretax margin | 25.65% | 22.95% | 13.37% | 8.34% | 39.55% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $5,481,000K ÷ $21,365,000K
= 25.65%
Booking Holdings Inc's pretax margin has shown variations over the past five years. The pretax margin has significantly fluctuated, starting at 39.55% in 2019, declining to 8.34% in 2020, and then gradually increasing to 25.65% in 2023. This indicates a strong rebound in profitability after a decline in 2020. The upward trend in pretax margin from 2020 to 2023 suggests improved efficiency in generating profits before taxes, reflecting potentially better cost management or revenue growth strategies implemented by the company. Overall, the increasing pretax margin indicates a positive financial performance trend for Booking Holdings Inc.
Peer comparison
Dec 31, 2023