Booking Holdings Inc. (BKNG) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 3.21B | 1.49B | 1.44B | 3.2B | 3.28B | 721M | 2.37B | 2.52B | 2.7B | 1.35B | 1.37B | 1.74B | 2.89B | 2.17B | 2M | 2.68B | 1.7B | 279M | 1.6B | 1.15B |
| Operating CF Margin % | 58.12% | 23.47% | 15.93% | 47.09% | 68.94% | 13.18% | 29.68% | 43.1% | 61.25% | 28.14% | 18.69% | 31.8% | 76.47% | 53.67% | 0.03% | 62.51% | 62.89% | 9.36% | 34.13% | 53.33% |
| Operating CF Growth % | -2.07% | 106.66% | -39.53% | 26.77% | 21.41% | -46.43% | 72.96% | 45.37% | -6.4% | -38.06% | 68500% | -35.28% | 70.44% | 678.85% | -99.87% | 132.99% | 918.84% | 148.35% | 73.48% | 844.26% |
| Net Income | 1.08B | 1.43B | 2.75B | 895M | 333M | 1.07B | 2.52B | 1.52B | 776M | 222M | 2.51B | 1.29B | 266M | 1.24B | 1.67B | 857M | -700M | 618M | 769M | -167M |
| Depreciation & Amortization | 131M | 191M | 199M | 194M | 184M | 203M | 190M | 181M | 177M | 175M | 169M | 160M | 161M | 163M | 145M | 149M | 150M | 141M | 146M | 154M |
| Stock-Based Compensation | 141M | 0 | 153M | 154M | 143M | 167M | 148M | 140M | 144M | 161M | 128M | 128M | 113M | 102M | 101M | 108M | 93M | 86M | 86M | 91M |
| Deferred Taxes | 54M | -33M | -81M | -258M | -144M | 173M | -73M | 33M | -35M | -69M | -20M | -49M | -340M | -11M | -81M | 51M | -216M | -102M | -223M | -70M |
| Other Non-Cash Items | -86M | 353M | 518M | 1.18B | 716M | 253M | 1.92B | 24M | -62M | 253M | 40M | 123M | 213M | -344M | 400M | -151M | 1.04B | -16M | 1.03B | -44M |
| Working Capital Changes | 1.89B | -449M | -2.1B | 1.03B | 2.05B | -1.14B | -2.33B | 626M | 1.7B | 604M | -1.46B | 85M | 2.48B | 1.03B | -2.23B | 1.67B | 1.33B | -448M | -209M | 1.19B |
| Change in Receivables | 155M | 98M | 250M | -979M | -99M | 145M | 179M | -645M | -185M | 176M | -834M | -830M | 158M | 130M | -242M | -790M | -326M | 170M | -352M | -748M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -107M | -71M | -63M | -61M | -118M | -75M | -2M | 137M | 69M | -39M | -22M | -39M | 1.59B | 510M | -785M | -122M | -121M | -783M | -79M | -71M |
| Capital Expenditures | -107M | -73M | -64M | -64M | -121M | -76M | -77M | -146M | -130M | -94M | -71M | -92M | -88M | -75M | -98M | -86M | -109M | -101M | -79M | -59M |
| CapEx % of Revenue | 1.93% | 1.15% | 0.71% | 0.94% | 2.54% | 1.39% | 0.96% | 2.49% | 2.94% | 1.96% | 0.97% | 1.68% | 2.33% | 1.85% | 1.62% | 2% | 4.04% | 3.39% | 1.69% | 2.73% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -43M | 0 | 12M | 0 | 601M | 0 | 0 | 0 | -1.19B | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 2M | 1M | 3M | 3M | 1M | 0 | -14M | -19M | 55M | 1M | -1M | -9M | -1M | 52M | -36M | 0 | 5M | 0 | -5M |
| Cash from Financing | -4.03B | -667M | -2.48B | -1.8B | -3.97B | 143M | -3.17B | -1.97B | 784M | -2.49B | -2.63B | -1.23B | -2.56B | 479M | -2B | -1.24B | -2.14B | -5M | -1.1B | -2.01B |
| Debt Issued (Net) | 0 | 1.73B | -1.52B | 34M | -1.53B | 1.68B | -1.11B | 0 | 2.96B | 0 | 0 | 1.89B | -500M | 2.84B | 0 | 0 | -1.1B | 0 | -1.09B | -1.98B |
| Equity Issued (Net) | -3.77B | -2.1B | -653M | -1.5B | -2.17B | -1.23B | -1.76B | -1.66B | -1.86B | -2.49B | -2.64B | -3.1B | -2.15B | -2.34B | -1.99B | -1.24B | -1.05B | -4M | -9M | -13M |
| Dividends Paid | -343M | -307M | -310M | -312M | -319M | -289M | -291M | -295M | -299M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -3.77B | -2.12B | -653M | -1.5B | -2.17B | -1.23B | -1.76B | -1.66B | -1.86B | -2.49B | -2.64B | -3.1B | -2.15B | -2.34B | -1.99B | -1.24B | -1.05B | -4M | -9M | -13M |
| Other Financing | 87M | 18M | -2M | -21M | 52M | -20M | 4M | -9M | -20M | -2M | 8M | -19M | 88M | -21M | -9M | 1M | 12M | -1M | -1M | -12M |
| Net Change in Cash | -1.09B | 694M | -1.09B | 2.02B | -580M | 385M | -521M | 665M | 3.53B | -1.19B | -1.3B | 458M | 1.92B | 3.21B | -2.82B | 1.29B | -574M | -511M | 411M | -920M |
| Free Cash Flow | 3.11B | 1.42B | 1.37B | 3.14B | 3.16B | 645M | 2.3B | 2.38B | 2.57B | 1.25B | 1.3B | 1.65B | 2.8B | 2.1B | -96M | 2.6B | 1.59B | 178M | 1.52B | 1.09B |
| FCF Margin % | 56.18% | 22.32% | 15.22% | 46.15% | 66.4% | 11.79% | 28.72% | 40.6% | 58.3% | 26.17% | 17.72% | 30.12% | 74.14% | 51.82% | -1.59% | 60.5% | 58.85% | 5.97% | 32.44% | 50.6% |
| FCF Growth % | -1.71% | 119.69% | -40.29% | 31.86% | 22.84% | -48.48% | 76.48% | 44.62% | -8.1% | -40.32% | 1455.21% | -36.68% | 76.61% | 1078.65% | -106.33% | 137.69% | 683.09% | 127.77% | 78.89% | 2001.92% |
| FCF per Share | 3.91 | 1.74 | 1.68 | 3.85 | 3.82 | 0.77 | 2.71 | 2.78 | 2.97 | 1.42 | 1.45 | 1.78 | 2.95 | 2.17 | -0.10 | 2.56 | 1.55 | 0.17 | 1.47 | 1.06 |
| FCF Conversion (FCF/Net Income) | 2.97x | 1.04x | 0.52x | 3.58x | 9.86x | 0.68x | 0.94x | 1.66x | 3.48x | 6.06x | 0.55x | 1.35x | 10.86x | 1.76x | 0.00x | 3.13x | -2.42x | 0.45x | 2.08x | -6.90x |
| Interest Paid | 0 | 0 | 0 | 284M | 275M | 338M | 0 | 269M | 136M | 285M | 201M | 214M | 142M | 140M | 95M | 73M | 72M | 87M | 67M | 98M |
| Taxes Paid | 0 | 0 | 0 | 1.36B | 138M | 0 | 0 | 1.24B | 164M | 216M | 273M | 989M | 311M | 99M | 164M | 239M | 98M | 315M | 14M | 190M |