Booking Holdings Inc.

BKNG · Nasdaq · ·

下次财报：2026年10月27日

US$162.30-1.0%9月29日收盘

1M: -20.9%
6M: -1.0%
1Y: -24.2%
5Y: +67.7%

Booking Holdings runs online services for booking accommodation, flights, rental cars, activities and restaurant reservations.

Booking Holdings Inc.（BKNG）股票——这是一门好生意吗？ — InspectStocks

Booking Holdings Inc.

BKNG · Nasdaq · ·

下次财报：2026年10月27日

US$162.30-1.0%9月29日收盘

1M: -20.9%
6M: -1.0%
1Y: -24.2%
5Y: +67.7%

对比

Booking Holdings runs online services for booking accommodation, flights, rental cars, activities and restaurant reservations.

怎么赚钱

Merchant travel bookings66%
Agency travel bookings30%
Advertising, restaurant services and other revenue4%

各项收入占比是对year ended December 31, 2025的估算，并非来自已提交报告的数字。

竞争对手

卖什么5

Booking.com
A travel booking service for accommodation, flights, rental cars, activities and ground transportation. It lists hotels as well as homes, apartments and other places to stay.
Priceline
A travel booking service, focused mainly on North America, for accommodation, flights, rental cars, vacation packages, cruises and activities.
Agoda
A travel booking service used mainly by customers in Asia-Pacific, for accommodation, flights, ground transportation and attractions.

再显示 2 项

KAYAK
A travel search service that compares itineraries and prices from many travel websites.
OpenTable
A restaurant reservation service for diners and a reservation-management service for restaurants.

谁在买5

Travelers book accommodation, flights, rental cars, activities and ground transportation through the company’s websites and apps.
Hotels, property owners and other accommodation providers list rooms or properties and pay commissions or transaction-related charges when bookings are made.
Airlines, car-rental companies and activity or transportation providers use the booking services to reach travelers and sell available inventory.

再显示 2 项

Restaurants use OpenTable to receive reservations and may pay subscription fees for reservation-management services.
Banks, airlines, corporate travel companies and other businesses can obtain travel inventory through the company’s business-to-business services.

靠什么支撑，什么会击垮它

业务依赖什么

1The booking services depend on hotels, property owners, airlines, car-rental companies, restaurants and other providers supplying inventory and honoring reservations.
2The company buys substantial performance-marketing traffic through online search engines, primarily Google, and reports pressure on unpaid search traffic.
3Merchant bookings rely on payment processing and other outside services; handling more payments also brings processing costs, chargebacks and fraud exposure.
4The business operates under changing travel, privacy, consumer-protection, competition and payment rules across many countries.

可能出什么问题

1Travel disruptions can reduce bookings or change where and how people travel. The company reported that the conflict in the Middle East affected long-haul demand, flight capacity, prices and cancellations during the second quarter of 2026.
2Competition from travel-booking services, travel providers, search companies and artificial-intelligence travel tools may draw away customers or require discounts and higher marketing spending.
3Changing laws and regulatory scrutiny can require changes to the company’s services and increase compliance costs; Booking Holdings is subject to additional European requirements under the Digital Markets Act and Digital Services Act.

完整财务报表 →

与同行业相比处在什么位置

三项评分，每一项都是相对我们在Travel Services覆盖的 18 家公司的百分位。刻意分开而不揉成一个总分：便宜、上涨和经营得好是三件不同的事，一个数字会把它们是哪一件藏起来。

动量

56在同行业中满分 100

处于同行业中游

截至一个月前的 12 个月-7.4%

截至一个月前的 6 个月21.8%

最近一个月被刻意剔除：回报往往在 7 到 12 个月内延续，而最新的一个月往往反转。这描述的是股价已经走过的路，不说明它接下来会怎么走。

估值

55在同行业中满分 100

处于同行业中游

每单位价格对应的利润4.43%

每单位价格对应的现金7.82%

每单位价格对应的营收23.16%

每单位价格对应的资产—

整个企业对应的经营利润7.55%

这些是收益率，所以数值越高越便宜——亏损的公司会排在最后，而不是被剔除。便宜不等于好：高收益率往往意味着股价是有原因才跌下来的。由 5 项指标中的 4 项混合而成。

资本配置

4/5大体克制

1 项检验未披露

资本回报率50.5%

股东回报率6.30%

股本数量，3 年1,776.0%

净债务 / EBITDA0.34x

内部人，12 个月-US$14.2M

管理层怎么使用这笔钱——只按财报能回答的部分计分，绝不按占总数的比例计分。

六项资本配置检验

投入资金的回报投入资本回报 50.5%
债务与盈利之比净债务为经营利润的 0.34 倍
回馈给股东的现金每年 6.3% 用于回购和分红
三年间的股本数量三年间股本数量增加 1,776.0%
现金流对派付的覆盖自由现金流覆盖了派付的部分
内部人在公开市场的买入净卖出 US$14.2M——不计入扣分

这是对该公司在同行中所处位置的描述，不是投资建议。评分更新于 2026年9月30日。

关于Booking Holdings Inc.

Its five main brands are Booking.com, Priceline, Agoda, KAYAK and OpenTable. Travelers use them to find and book trips; hotels, other travel providers and restaurants use them to reach customers or manage reservations. The company tracks room nights, rental-car days and flight tickets booked; year over year, these changed by 5.3% (three months ended June 30, 2026, high), -6.5% (three months ended June 30, 2026, high) and 3.7% (three months ended June 30, 2026, high), respectively.

总部: Norwalk, Connecticut
成立于: 1997 (as Priceline.com)
员工人数: 25,550 (June 30, 2026, high)
上市于: NASDAQ Global Select Market
财年结束: December 31

基于 Booking Holdings Inc. 自己向 SEC 提交的申报文件。数字如实呈报，每股历史已重述到今天的股数口径。这是对一门生意的描述——不是投资建议，也不是买卖任何证券的推荐。

怎么赚钱

Merchant travel bookings66%
Agency travel bookings30%
Advertising, restaurant services and other revenue4%

各项收入占比是对year ended December 31, 2025的估算，并非来自已提交报告的数字。

竞争对手

卖什么5

Booking.com
A travel booking service for accommodation, flights, rental cars, activities and ground transportation. It lists hotels as well as homes, apartments and other places to stay.
Priceline
A travel booking service, focused mainly on North America, for accommodation, flights, rental cars, vacation packages, cruises and activities.
Agoda
A travel booking service used mainly by customers in Asia-Pacific, for accommodation, flights, ground transportation and attractions.

再显示 2 项

KAYAK
A travel search service that compares itineraries and prices from many travel websites.
OpenTable
A restaurant reservation service for diners and a reservation-management service for restaurants.

谁在买5

Travelers book accommodation, flights, rental cars, activities and ground transportation through the company’s websites and apps.
Hotels, property owners and other accommodation providers list rooms or properties and pay commissions or transaction-related charges when bookings are made.
Airlines, car-rental companies and activity or transportation providers use the booking services to reach travelers and sell available inventory.

再显示 2 项

Restaurants use OpenTable to receive reservations and may pay subscription fees for reservation-management services.
Banks, airlines, corporate travel companies and other businesses can obtain travel inventory through the company’s business-to-business services.

靠什么支撑，什么会击垮它

业务依赖什么

1The booking services depend on hotels, property owners, airlines, car-rental companies, restaurants and other providers supplying inventory and honoring reservations.
2The company buys substantial performance-marketing traffic through online search engines, primarily Google, and reports pressure on unpaid search traffic.
3Merchant bookings rely on payment processing and other outside services; handling more payments also brings processing costs, chargebacks and fraud exposure.
4The business operates under changing travel, privacy, consumer-protection, competition and payment rules across many countries.

可能出什么问题

1Travel disruptions can reduce bookings or change where and how people travel. The company reported that the conflict in the Middle East affected long-haul demand, flight capacity, prices and cancellations during the second quarter of 2026.
2Competition from travel-booking services, travel providers, search companies and artificial-intelligence travel tools may draw away customers or require discounts and higher marketing spending.
3Changing laws and regulatory scrutiny can require changes to the company’s services and increase compliance costs; Booking Holdings is subject to additional European requirements under the Digital Markets Act and Digital Services Act.

完整财务报表 →

与同行业相比处在什么位置

动量

56在同行业中满分 100

处于同行业中游

截至一个月前的 12 个月-7.4%

截至一个月前的 6 个月21.8%

最近一个月被刻意剔除：回报往往在 7 到 12 个月内延续，而最新的一个月往往反转。这描述的是股价已经走过的路，不说明它接下来会怎么走。

估值

55在同行业中满分 100

处于同行业中游

每单位价格对应的利润4.43%

每单位价格对应的现金7.82%

每单位价格对应的营收23.16%

每单位价格对应的资产—

整个企业对应的经营利润7.55%

资本配置

4/5大体克制

1 项检验未披露

资本回报率50.5%

股东回报率6.30%

股本数量，3 年1,776.0%

净债务 / EBITDA0.34x

内部人，12 个月-US$14.2M

管理层怎么使用这笔钱——只按财报能回答的部分计分，绝不按占总数的比例计分。

六项资本配置检验

投入资金的回报投入资本回报 50.5%
债务与盈利之比净债务为经营利润的 0.34 倍
回馈给股东的现金每年 6.3% 用于回购和分红
三年间的股本数量三年间股本数量增加 1,776.0%
现金流对派付的覆盖自由现金流覆盖了派付的部分
内部人在公开市场的买入净卖出 US$14.2M——不计入扣分

这是对该公司在同行中所处位置的描述，不是投资建议。评分更新于 2026年9月30日。

关于Booking Holdings Inc.

总部: Norwalk, Connecticut
成立于: 1997 (as Priceline.com)
员工人数: 25,550 (June 30, 2026, high)
上市于: NASDAQ Global Select Market
财年结束: December 31

怎么赚钱

竞争对手

卖什么5

谁在买5

靠什么支撑，什么会击垮它

业务依赖什么

可能出什么问题

与同行业相比处在什么位置

关于Booking Holdings Inc.

怎么赚钱

竞争对手

卖什么5

谁在买5

靠什么支撑，什么会击垮它

业务依赖什么

可能出什么问题

与同行业相比处在什么位置

关于Booking Holdings Inc.

成长与现金——5 项中通过 5 项