Booking Holdings (BKNG) FY2023 results: revenue $21.4 billion, up 25.0% on the year
Booking Holdings Inc. (BKNG) reported revenue of $21.4 billion for fiscal 2023, the year ended 31 December 2023, up 25.0% on the year before. Net income was $4.3 billion, up 40.3%, and diluted earnings per share $4.70. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$21.4 billion
+25.0% on the year
FY2016FY2023
Operating margin
27.3%
29.9% a year earlier
FY2016FY2023
Net income
$4.3 billion
+40.3% on the year
FY2016FY2023
Diluted EPS
$4.70
+53.8% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
7,344
6,554
2,820
+12.1%
Capital expenditure
345
368
304
-6.2%
Free cash flow
6,999
6,186
2,516
+13.1%
Free cash flow margin
32.8%
36.2%
23.0%
Cash from investing
1,486
-518
-998
Cash from financing
-8,909
-4,897
-1,239
Depreciation and amortisation
504
451
421
+11.8%
Share-based compensation
530
404
370
+31.2%
Buybacks
10,377
6,621
163
+56.7%
Dividends paid
0.0
0.0
n/a
Diluted shares, weighted
913m
1,001m
1,034m
-8.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-2,744
2,782
6,178
Debt
14,184
12,485
10,926
+13.6%
Operating lease liabilities
599
552
351
+8.5%
Finance lease liabilities
34.0
32.0
6.0
+6.2%
Other liabilities
12,269
9,510
6,180
+29.0%
Total liabilities and equity
24,342
25,361
23,641
-4.0%
Fixed assets
784
669
822
+17.2%
Goodwill
2,826
2,807
2,887
+0.7%
Intangible assets
1,613
1,829
2,057
-11.8%
Investments
1,016
2,964
3,200
-65.7%
Cash and equivalents
12,107
12,221
11,127
-0.9%
Receivables
3,253
2,229
1,358
+45.9%
Other assets
2,743
2,642
2,190
+3.8%
Total assets
24,342
25,361
23,641
-4.0%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.