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Side-by-side financial comparison of Booking Holdings (BKNG) and Exelon (EXC). Click either name above to swap in a different company.

Booking Holdings is the larger business by last-quarter revenue ($6.3B vs $5.4B, roughly 1.2× Exelon). On growth, Booking Holdings posted the faster year-over-year revenue change (16.0% vs -19.4%). Over the past eight quarters, Booking Holdings's revenue compounded faster (19.9% CAGR vs 0.5%).

Booking Holdings is a leading global travel services group that operates a portfolio of well-known online platforms including Booking.com, Priceline, Agoda, KAYAK, Rentalcars.com and OpenTable. It offers leisure and business travelers services covering accommodation reservations, flight ticketing, car rentals, vacation packages and restaurant reservations, serving markets across North America, Europe, Asia Pacific and other regions, partnering with millions of travel and hospitality merchants worldwide.

Exelon Corporation is an American public utility headquartered in Chicago, and incorporated in Pennsylvania. Exelon is the largest electric parent company in the United States by revenue and is the largest regulated electric utility in the United States with approximately 10 million customers. The company is ranked 187th on the Fortune 500.

BKNG vs EXC — Head-to-Head

Bigger by revenue
BKNG
BKNG
1.2× larger
BKNG
$6.3B
$5.4B
EXC
Growing faster (revenue YoY)
BKNG
BKNG
+35.4% gap
BKNG
16.0%
-19.4%
EXC
Faster 2-yr revenue CAGR
BKNG
BKNG
Annualised
BKNG
19.9%
0.5%
EXC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BKNG
BKNG
EXC
EXC
Revenue
$6.3B
$5.4B
Net Profit
Gross Margin
Operating Margin
32.0%
21.9%
Net Margin
Revenue YoY
16.0%
-19.4%
Net Profit YoY
EPS (diluted)
$43.66

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BKNG
BKNG
EXC
EXC
Q1 26
$5.4B
Q4 25
$6.3B
$5.4B
Q3 25
$9.0B
$6.7B
Q2 25
$6.8B
$5.4B
Q1 25
$4.8B
$6.7B
Q4 24
$5.5B
$5.5B
Q3 24
$8.0B
$6.2B
Q2 24
$5.9B
$5.4B
Net Profit
BKNG
BKNG
EXC
EXC
Q1 26
Q4 25
$594.0M
Q3 25
$875.0M
Q2 25
$391.0M
Q1 25
$908.0M
Q4 24
$647.0M
Q3 24
$707.0M
Q2 24
$448.0M
Operating Margin
BKNG
BKNG
EXC
EXC
Q1 26
21.9%
Q4 25
32.0%
21.9%
Q3 25
38.7%
22.4%
Q2 25
33.1%
17.1%
Q1 25
22.3%
22.9%
Q4 24
31.6%
20.0%
Q3 24
39.8%
19.4%
Q2 24
31.7%
17.0%
Net Margin
BKNG
BKNG
EXC
EXC
Q1 26
Q4 25
11.0%
Q3 25
13.0%
Q2 25
7.2%
Q1 25
13.5%
Q4 24
11.8%
Q3 24
11.5%
Q2 24
8.4%
EPS (diluted)
BKNG
BKNG
EXC
EXC
Q1 26
Q4 25
$43.66
Q3 25
$84.41
$0.86
Q2 25
$27.43
$0.39
Q1 25
$10.07
$0.90
Q4 24
$31.60
Q3 24
$74.34
$0.70
Q2 24
$44.38
$0.45

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BKNG
BKNG
EXC
EXC
Cash + ST InvestmentsLiquidity on hand
$17.2B
$626.0M
Total DebtLower is stronger
$18.7B
$49.4B
Stockholders' EquityBook value
$-5.6B
$28.8B
Total Assets
$29.3B
$116.6B
Debt / EquityLower = less leverage
1.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKNG
BKNG
EXC
EXC
Q1 26
$626.0M
Q4 25
$17.2B
$626.0M
Q3 25
$16.5B
$1.5B
Q2 25
$17.6B
$724.0M
Q1 25
$15.6B
$1.0B
Q4 24
$16.2B
$357.0M
Q3 24
$15.8B
$616.0M
Q2 24
$16.3B
$934.0M
Total Debt
BKNG
BKNG
EXC
EXC
Q1 26
$49.4B
Q4 25
$18.7B
$49.4B
Q3 25
$17.0B
Q2 25
$18.5B
Q1 25
$16.0B
Q4 24
$16.6B
$44.7B
Q3 24
$16.2B
Q2 24
$16.8B
Stockholders' Equity
BKNG
BKNG
EXC
EXC
Q1 26
$28.8B
Q4 25
$-5.6B
$28.8B
Q3 25
$-4.7B
$28.1B
Q2 25
$-6.7B
$27.6B
Q1 25
$-6.1B
$27.6B
Q4 24
$-4.0B
$26.9B
Q3 24
$-3.7B
$26.6B
Q2 24
$-4.3B
$26.2B
Total Assets
BKNG
BKNG
EXC
EXC
Q1 26
$116.6B
Q4 25
$29.3B
$116.6B
Q3 25
$28.8B
$113.5B
Q2 25
$30.7B
$111.1B
Q1 25
$27.2B
$109.5B
Q4 24
$27.7B
$107.8B
Q3 24
$28.0B
$106.1B
Q2 24
$28.5B
$105.1B
Debt / Equity
BKNG
BKNG
EXC
EXC
Q1 26
1.72×
Q4 25
1.72×
Q3 25
Q2 25
Q1 25
Q4 24
1.66×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BKNG
BKNG
EXC
EXC
Operating Cash FlowLast quarter
$1.5B
Free Cash FlowOCF − Capex
$1.4B
FCF MarginFCF / Revenue
22.3%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$9.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKNG
BKNG
EXC
EXC
Q1 26
Q4 25
$1.5B
$1.2B
Q3 25
$1.4B
$2.3B
Q2 25
$3.2B
$1.5B
Q1 25
$3.3B
$1.2B
Q4 24
$721.0M
$1.4B
Q3 24
$2.4B
$1.7B
Q2 24
$2.5B
$1.5B
Free Cash Flow
BKNG
BKNG
EXC
EXC
Q1 26
Q4 25
$1.4B
$-1.2B
Q3 25
$1.4B
$163.0M
Q2 25
$3.1B
$-502.0M
Q1 25
$3.2B
$-746.0M
Q4 24
$645.0M
$-510.0M
Q3 24
$2.3B
$-6.0M
Q2 24
$2.4B
$-237.0M
FCF Margin
BKNG
BKNG
EXC
EXC
Q1 26
Q4 25
22.3%
-22.0%
Q3 25
15.2%
2.4%
Q2 25
46.1%
-9.3%
Q1 25
66.4%
-11.1%
Q4 24
11.8%
-9.3%
Q3 24
28.7%
-0.1%
Q2 24
40.6%
-4.4%
Capex Intensity
BKNG
BKNG
EXC
EXC
Q1 26
Q4 25
1.1%
45.0%
Q3 25
0.7%
31.9%
Q2 25
0.9%
37.1%
Q1 25
2.5%
29.0%
Q4 24
1.4%
35.4%
Q3 24
1.0%
27.5%
Q2 24
2.5%
31.7%
Cash Conversion
BKNG
BKNG
EXC
EXC
Q1 26
Q4 25
2.09×
Q3 25
2.63×
Q2 25
3.86×
Q1 25
1.32×
Q4 24
2.20×
Q3 24
2.39×
Q2 24
3.26×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BKNG
BKNG

Merchant Revenue$4.2B67%
Agency Revenue$1.8B28%
Advertisingandotherrevenues$309.0M5%

EXC
EXC

Segment breakdown not available.

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