Booking Holdings (BKNG) 10-K Summary — Year Ended Dec 31, 2023
Booking Holdings filed its annual report for the most recent fiscal year. The filing highlights revenue growth over the past two years and strong operating cash flow, while noting exposure to foreign exchange rate fluctuations.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Booking Holdings filed its annual report for the most recent fiscal year. The filing highlights revenue growth over the past two years and strong operating cash flow, while noting exposure to foreign exchange rate fluctuations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$21.4B
Revenue reported for the fiscal year.
Operating income
$5.8B
Income from operations reported for the year.
Net income
n/a
Net income reported for the year.
Operating cash flow
$7.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $11B | n/a |
| Dec 31, 2022 | $17.1B | +56.0% |
| Dec 31, 2023 | $21.4B | +25.0% |
Business overview
The company conducts a substantial majority of its business outside the United States and reports its financial results in U.S. dollars. The filing does not provide a detailed description of its operations beyond this global scope.
Financial performance
Revenue increased over the two most recent reporting periods. Operating income and operating cash flow were reported at elevated levels, reflecting continued profitability and cash generation.
Material risks
Foreign currency exchange rate fluctuations represent a material risk, as a substantial majority of business is conducted outside the U.S. and reported in U.S. dollars. Such fluctuations can affect reported financial results and may also influence consumer travel behavior, potentially impacting gross bookings and revenue.
Liquidity and capital
The company's liquidity and capital resources are subject to the effects of foreign currency translation. The filing references a separate section for further details on liquidity and capital allocation.
What to watch
Monitor the impact of foreign currency exchange rate movements on reported revenue and operating results in the next filing.