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We aim to provide consumers with a best-in-class experience with tailored planning, payment, language, and other options seamlessly connecting them with our travel service provider partners. We offer these services through five primary consumer-facing brands: Booking.com, Priceline, Agoda, KAYAK, and OpenTable: Accommodations Ground Transportation Flights Activities Restaurants Meta Search Book…
$167.21
$2.04 (-1.21%)
Last close via Marketstack
Margins and capital returns are both well above average: 32.79% operating margin, ROIC at 40.37%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 13.4%, still solid.
Even for strong businesses, today's 22x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
22.1x earnings, 14.7x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$27.69B
▲ +13.4% YoY
Net Income (TTM)
$6.15B
▼ -8.1% YoY
Op. Margin
32.63%
▲ +1.0pp YoY
ROIC
39.28%
▲ +2.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$9.03B
▲ +15.1% YoY
Op. Cash Flow (TTM)
$9.34B
▲ +13.0% YoY
Net Debt
$2.92B
Cash & Equiv.
$16.02B
5Y CAGR: +31.7%
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