Booking Q4 FY25: where the revenue came from and where it went
The income statement of Booking for this quarter, down to the operating result, as one diagram: what earned the revenue and what it went on. The bottom line is withheld; the note under the table says why.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Feb 18, 2026
Revenue$6.35B
+16% year over year
Gross profit$4.22B
66% margin
Operating profit$2.03B
32% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 6.35 | 100% | +16% |
| Merchant | 4.25 | 67% | +27% |
| Agency | 1.79 | 28% | −4% |
| Advertising & other | 0.31 | 5% | +14% |
| Cost of revenue | −2.13 | 34% | |
| Gross profit | 4.22 | 66% margin | +3pp |
| Sales & marketing | −1.93 | 31% | +2pp |
| G&A | −0.26 | 4% | +1pp |
| Operating profit | 2.03 | 32% margin | +0pp |
147 of 418 companies, most recently reported first
New results in your inbox
When a big company reports, we send you a link to its diagram before anyone has time to comment on it. This is a mailing list, not an account: it does not open the diagrams by itself. No spam, one-click unsubscribe.
Drag or use the arrow keys to see the rest