Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Booking Holdings Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Comprehensive income demonstrates a generally positive trend over the five-year period, although with some volatility. Net income exhibits substantial growth from 2021 to 2024, followed by a slight decrease in 2025. However, fluctuations in other comprehensive income components significantly impact the overall comprehensive income figure.
- Net Income
- Net income increased significantly from US$1,165 million in 2021 to US$3,058 million in 2022, and continued to rise to US$4,289 million in 2023. This growth accelerated further to US$5,882 million in 2024 before experiencing a modest decline to US$5,404 million in 2025. This suggests a period of strong profitability followed by a potential stabilization or slight contraction.
- Foreign Currency Translation
- The impact of foreign currency translation is variable. Negative impacts were observed in 2021, 2022, and 2024, with the largest negative impact occurring in 2024 at -US$196 million. Conversely, positive impacts were seen in 2023 and 2025, with a substantial positive impact of US$346 million in 2025. This indicates significant exposure to foreign exchange rate fluctuations and their effect on reported income.
- Net Investment Hedges
- Net investment hedges show a negative impact in 2023 and 2025, reaching -US$261 million in 2025. A positive impact was observed in 2024, at US$141 million. The absence of information for 2021 and 2022 limits the ability to assess a longer-term trend, but the recent fluctuations suggest hedging activities are impacting comprehensive income.
- Other Comprehensive Income
- Other comprehensive income (loss) is volatile. A loss was recorded in 2021, 2022, and 2023, with the largest loss in 2022 at -US$123 million. Losses continued in 2024, albeit smaller, before shifting to a gain of US$85 million in 2025. This component demonstrates the most significant year-over-year changes and contributes substantially to the overall fluctuations in comprehensive income.
- Comprehensive Income Overall
- Comprehensive income mirrors the trend in net income, increasing from US$1,139 million in 2021 to US$2,935 million in 2022, US$4,233 million in 2023, and peaking at US$5,830 million in 2024. It then decreased slightly to US$5,489 million in 2025. The influence of other comprehensive income components causes comprehensive income to deviate from the net income trend, particularly in 2022, 2024, and 2025.
In conclusion, while net income demonstrates a strong growth trajectory, the overall comprehensive income picture is more nuanced due to the significant and fluctuating impacts of foreign currency translation, net investment hedges, and other comprehensive income items. The company appears sensitive to external factors impacting these components.
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