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Booking Holdings vs XPO: BKNG and XPO compared
Booking Holdings is the larger company: $8.9B of revenue in its latest quarter (Q3 2026) against $2.4B for XPO (Q3 2026). XPO is growing faster (+12% against -1% a year earlier). Booking Holdings is more profitable, with an operating margin of 38.4% against 12.1%.
Where the money goes: BKNG and XPO
Booking Holdings (BKNG) · Q3 2026
Booking Holdings, Q3 2026: revenue $8.9B (-1% year over year), operating margin 38.4%, net earnings $2.7B, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
XPO (XPO) · Q3 2026
XPO, Q3 2026: revenue $2.4B (+12% year over year), operating margin 12.1%, net earnings $181M, operating cash flow $415M. The chart follows the revenue to costs, profit and cash.
| Booking Holdings (BKNG) | XPO (XPO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $8.9B | $2.4B |
| Revenue growth, Y/Y | -1% | +12% |
| Operating margin | 38.4% | 12.1% |
| Net earnings | $2.7B | $181M |
| Net margin | 30.6% | 7.6% |
| Operating cash flow | $1.1B | $415M |
| Free cash flow | $1.1B | $284M |
| Market value | $127.0B | $21.0B |
| P/E | 1.9× | 42.1× |
| Analysts’ mean target | $216.66 | $224.39 |
Questions
Which is bigger, Booking Holdings or XPO?
Booking Holdings is the larger company: $8.9B of revenue in its latest quarter (Q3 2026) against $2.4B for XPO (Q3 2026).
Is Booking Holdings or XPO growing faster?
XPO is growing faster (+12% against -1% a year earlier).
Which is more profitable, Booking Holdings or XPO?
Booking Holdings is more profitable, with an operating margin of 38.4% against 12.1%.
More: Booking Holdings earnings · how Booking Holdings makes money · XPO earnings · how XPO makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.