# Booking Holdings (BKNG.US)

Canonical: https://gigainvestors.com/s/BKNG

Analysis as of: 2026-10-16T07:26:58.051Z. Financial observations: FY1998–FY2026.

Listing currency: USD. Reporting currency: USD.

## Verdict

A wonderful business at too high a price

Quality tests for Buy: pass (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $165.80 per share; close as of 2026-10-15.

Estimated value: low $110.78 per share, central $123.00 per share, high $139.27 per share. Buy at or below the central value $123.00 per share. Valuation as of 2026-10-16T07:26:58.051Z; scenarios are not confidence intervals.

Expected annual return: 7.9% at the stated quote. About 7.9% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: fail

- 1 revenue decline in the last 10 years (informational)

- operating margin variation exceeds 0.35

- Financial history: 10 years

- Years with declining revenue: 1

- Years with a net loss: 0

- Operating margin variation: 0.47×

Chart: Operating margin; fiscal year observations.

- FY2017: 0.36×

- FY2018: 0.37×

- FY2019: 0.35×

- FY2020: -0.09×

- FY2021: 0.23×

- FY2022: 0.30×

- FY2023: 0.27×

- FY2024: 0.32×

- FY2025: 0.34×

- LTM to Jun 2026: 0.34×

### moat: pass

- Years with nonpositive invested capital use equity plus debt and leases; positive earnings with no positive capital are shown above 100%.

- ROIC, median of available years: 53.5%

- ROIC, second-lowest year: 27.7%

- Typical minus recent gross margin: 0.0 pp

- Typical gross margin (annual median): 100.0%

- Recent gross margin (lower of latest and 3-year median): 100.0%

- Years with nonpositive capital: 4

- Capital spending / revenue: 2.2%

- ROIC including acquisitions, ten-year median: 22.4%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2017: 27.7%

- FY2018: 53.4%

- FY2019: 90.9%

- FY2020: -9.5%

- FY2021: 58.1%

- FY2022: >100%

- FY2023: 37.9%

- FY2024: 46.7%

- FY2025: 53.5%

- LTM to Jun 2026: 76.3%

### economics: pass

- Owner earnings / net income, 5-yr: 1.08×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: $21B

- Net income, five-year total: $20B

- Return on incremental invested capital: >100%

- Working capital / revenue, annual change: -1.0 pp

- Working capital / revenue, change between three-year averages: -7.4 pp

- Working capital / revenue, final three-year average: -3.6%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2021: 1.25×

- FY2022: 1.08×

- FY2023: 1.07×

- FY2024: 1.05×

- FY2025: 1.08×

### management: pass

- Historical market-dollar context (not the management verdict): 2016 to 2025 (9 years)

- potential debt-funded buybacks (informational)

- buybacks leaned toward cheaper years (informational)

- ROIC first 3 years vs last 3 years: 27.7% vs 46.7%

- Per-share earnings: 1.87 to 6.62 (three-year endpoint medians)

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: -4.5%

- Ordinary dilution, 5-year annual growth: -4.5%

- Market cap gain: $101B

- Cumulative retained earnings: $29B

- Diluted shares, 10-year annual growth: -4.5%

- Diluted shares, 5-year annual growth: -4.5%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2025

- Per-share value growth: 17.1%

- Per-share value change: $4.75

- Per-share value, starting three-year median: $1.87

- Per-share value, ending three-year median: $6.62

- Buybacks concentrated in cheaper years (correlation): 0.88

- Average buyback yield: 4.5%

- Buyback history: 10 years

- Debt-funded buybacks: Yes

- Acquisition spending: $1.9B

- Cumulative net income, 10 years: $33B

- ROIC, first three-year median: 27.7%

- ROIC, last three-year median: 46.7%

Chart: Earnings per share; fiscal year observations.

- FY2016: $1.71

- FY2017: $1.87

- FY2018: $3.33

- FY2019: $4.47

- FY2020: $0.06

- FY2021: $1.13

- FY2022: $3.05

- FY2023: $4.70

- FY2024: $6.91

- FY2025: $6.62

### accounting: pass

- Sloan accruals: -13.7%

- Receivables to sales index (DSRI): 1.05×

- Restructuring years, last five: 1

- Stock compensation / operating cash flow: 6.6%

- Earnings backed by cash: Yes

- Operating cash / earnings: 1.74×

- Accounting red flags: 0

Chart: Sloan accruals; fiscal year observations.

- FY2016: -9.0%

- FY2017: -9.1%

- FY2018: -5.9%

- FY2019: 0.0%

- FY2020: -0.1%

- FY2021: -7.0%

- FY2022: -13.8%

- FY2023: -12.6%

- FY2024: -8.8%

- FY2025: -13.7%

## Holders

- [Pat Dorsey](https://gigainvestors.com/DA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [David Hoeft](https://gigainvestors.com/DAC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Matthew McLennan](https://gigainvestors.com/FE): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Francois Rochon](https://gigainvestors.com/GC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Nygren](https://gigainvestors.com/HA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [David Rolfe](https://gigainvestors.com/WP): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 28% since Jun 2025 · "Booking, Expedia face margin pressure from AI agents, Bernstein says" (finance.yahoo.com, Mar 2026) · sales +4.9%

Story as of 2026-10-16T09:58:24.400Z; price observation 2026-10-15.

Price needs cash profits to grow 5.3% a year for ten years

- 2025-04-30: Booking Q1 beats estimates as global travel offsets US weakness ([finance.yahoo.com](https://finance.yahoo.com/video/booking-q1-beats-estimates-global-154331275.html))

- 2025-07-30: Booking reports Q2 beat on strong travel demand, shares down on cautious outlook ([investing.com](https://www.investing.com/news/stock-market-news/booking-posts-q2-beat-on-strong-travel-demand-4158413))

- 2025-11-22: Booking Holdings (BKNG) Is Down 5.5% After Google Unveils Global AI Travel Booking Expansion ([finance.yahoo.com](https://finance.yahoo.com/news/booking-holdings-bkng-down-5-211142309.html))

- 2025-12-03: Booking (BKNG) Valuation Check After Q3 Beat, Guidance Hike, and New viagogo Partnership ([finance.yahoo.com](https://finance.yahoo.com/news/booking-bkng-valuation-check-q3-130920323.html))

- 2026-02-19: Booking Tops Forecasts but Tumbles 9% as Travel Demand Shows Signs of Cooling ([finance.yahoo.com](https://finance.yahoo.com/news/booking-tops-forecasts-tumbles-9-155547660.html))

- 2026-06-05: AI Travel Assistant And Asian Demand Shape Booking Holdings Outlook ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/ai-travel-assistant-asian-demand-050716774.html))

### Sales · FY2025–2026

sales +4.9%; source https://www.sec.gov/Archives/edgar/data/1075531/000107553126000009/bkng-20251231.htm; observed 2026-02-18.

- FY2017: $13B 

- FY2018: $15B 

- FY2019: $15B 

- FY2020: $6.8B 

- FY2021: $11B 

- FY2022: $17B 

- FY2023: $21B 

- FY2024: $24B 

- FY2025: $27B 

- FY2026: $28B 

### Gross margin · FY2017

gross margin 98.1%; source https://www.sec.gov/Archives/edgar/data/1075531/000107553126000009/bkng-20251231.htm; observed 2026-02-18.

- FY2017: 98.1% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in travel services; annual sales are USD 26.9 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1075531/000107553126000009/bkng-20251231.htm (filed 2026-02-18); FY2025: revenue 26917000000; grossProfit 26917000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); BKNG.US: Booking Holdings Inc., together with its subsidiaries, provides online and traditional travel and restaurant reservations and related services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates Booking.com, which offers online accommodation reservations; and Priceline, which provides discount travel reservations services, as well as online accommodation, flight, rental car reservation services, vacation packages, cruises, activity, and affiliate programs. It also operates Agoda that offers online accommodation reservation, flight, ground transportation, and attractions. In addition, the company operates KAYAK, an online meta-search service that allows consumers to search and compare travel itineraries and prices; and OpenTable for booking online restaurant reservations, as well as reservation management services to restaurants. Further, it offers travel-related insurance products, payment facilitation, and restaurant management services to consumers, travel service providers, and restaurants; and advertising services. The company was formerly known as The Priceline Group Inc. and changed its name to Booking Holdings Inc. in February 2018. Booking Holdings Inc. was founded in 1997 and is headquartered in Norwalk, Connecticut.

### Why customers stay

Margins ranged from 100% to 100% during 2023–25; it earns 53.5% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); FY2023: grossProfit / revenue = 100%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); FY2024: grossProfit / revenue = 100%.

- Source: https://www.sec.gov/Archives/edgar/data/1075531/000107553126000009/bkng-20251231.htm (filed 2026-02-18); FY2025: grossProfit / revenue = 100%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); 10-year return on capital observations [[2017,0.2770924391724934],[2018,0.5343502678530652],[2019,0.9092615321136847],[2020,-0.0950521436848204],[2021,0.5810520258010887],[2022,6.786752494042746],[2023,0.37926842669188665],[2024,0.4665910450238497],[2025,0.5353197109781679],[2026,0.7626032164142691]]; median 0.5348349894156166. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Paid dividends in 3 of 10 years; bought back USD 6.4 billion of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); FY2016: growth capex 0; upkeep 268383000; owner earnings 2175617000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); FY2017: growth capex 0; upkeep 287805000; owner earnings 2416195000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); FY2018: growth capex 16000000; upkeep 426000000; owner earnings 3998000000. Growth capex / owner earnings = 0.00400200100050025.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); FY2019: growth capex 0; upkeep 368000000; owner earnings 5138000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); FY2020: growth capex 0; upkeep 286000000; owner earnings 415000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); FY2021: growth capex 0; upkeep 304000000; owner earnings 1460000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); FY2022: growth capex 0; upkeep 368000000; owner earnings 3297000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); FY2023: growth capex 0; upkeep 345000000; owner earnings 4609000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); FY2024: growth capex 0; upkeep 429000000; owner earnings 6204000000. Growth capex / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/1075531/000107553126000009/bkng-20251231.htm (filed 2026-02-18); FY2025: growth capex 0; upkeep 322000000; owner earnings 5850000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); Dividend observations: [[2016,0],[2017,0],[2018,0],[2019,0],[2020,0],[2021,0],[2022,0],[2023,2786000000],[2024,1174000000],[2025,1248000000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1075531/000107553126000009/bkng-20251231.htm (filed 2026-02-18); FY2025: cash repurchases 6440000000 USD.

### Are managers owners

Insiders own 0.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); BKNG.US SharesStats.PercentInsiders = 0.17700000000000002 percentage points; cache date 2026-10-16.

### What could break it

"Legal, Regulatory, Compliance, and Reputational Risks" (SEC filing, Feb 2026)

- Source: https://www.sec.gov/Archives/edgar/data/1075531/000107553126000009/bkng-20251231.htm (filed 2026-02-18); Legal, Regulatory, Compliance, and Reputational Risks

### What the price says

The price assumes cash profits grow 5.3% yearly over ten years; actual growth was 13.3%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-18); Ten-year compound average after fade. Initial solved rate 0.06336780667820296. Price 165.8; FX 1; discount 0.1; same standard ten-year fade to terminal 0.03. FY2015 owner earnings/share 2.0544949896303764 → FY2025 7.169337295873035. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-11: $60.15 per share

- 2016-12: $58.64 per share

- 2017-01: $63.01 per share

- 2017-02: $68.97 per share

- 2017-03: $71.20 per share

- 2017-04: $73.87 per share

- 2017-05: $75.08 per share

- 2017-06: $74.82 per share

- 2017-07: $81.14 per share

- 2017-08: $74.08 per share

- 2017-09: $73.23 per share

- 2017-10: $76.48 per share

- 2017-11: $69.59 per share

- 2017-12: $69.51 per share

- 2018-01: $76.48 per share

- 2018-02: $81.36 per share

- 2018-03: $83.22 per share

- 2018-04: $87.12 per share

- 2018-05: $84.36 per share

- 2018-06: $81.08 per share

- 2018-07: $81.15 per share

- 2018-08: $78.06 per share

- 2018-09: $79.36 per share

- 2018-10: $74.98 per share

- 2018-11: $75.68 per share

- 2018-12: $68.90 per share

- 2019-01: $73.31 per share

- 2019-02: $67.88 per share

- 2019-03: $69.80 per share

- 2019-04: $74.20 per share

- 2019-05: $66.25 per share

- 2019-06: $74.99 per share

- 2019-07: $75.46 per share

- 2019-08: $78.66 per share

- 2019-09: $78.50 per share

- 2019-10: $81.95 per share

- 2019-11: $76.16 per share

- 2019-12: $82.15 per share

- 2020-01: $73.22 per share

- 2020-02: $67.83 per share

- 2020-03: $53.81 per share

- 2020-04: $59.22 per share

- 2020-05: $65.58 per share

- 2020-06: $63.69 per share

- 2020-07: $66.49 per share

- 2020-08: $76.42 per share

- 2020-09: $68.43 per share

- 2020-10: $64.90 per share

- 2020-11: $81.14 per share

- 2020-12: $89.09 per share

- 2021-01: $77.77 per share

- 2021-02: $93.14 per share

- 2021-03: $93.19 per share

- 2021-04: $98.64 per share

- 2021-05: $94.46 per share

- 2021-06: $87.52 per share

- 2021-07: $87.13 per share

- 2021-08: $91.99 per share

- 2021-09: $94.95 per share

- 2021-10: $96.83 per share

- 2021-11: $84.07 per share

- 2021-12: $95.97 per share

- 2022-01: $98.25 per share

- 2022-02: $86.89 per share

- 2022-03: $93.94 per share

- 2022-04: $88.41 per share

- 2022-05: $89.74 per share

- 2022-06: $69.96 per share

- 2022-07: $77.43 per share

- 2022-08: $75.03 per share

- 2022-09: $65.73 per share

- 2022-10: $74.78 per share

- 2022-11: $83.18 per share

- 2022-12: $80.61 per share

- 2023-01: $97.36 per share

- 2023-02: $100.96 per share

- 2023-03: $106.10 per share

- 2023-04: $107.45 per share

- 2023-05: $100.35 per share

- 2023-06: $108.01 per share

- 2023-07: $118.83 per share

- 2023-08: $124.20 per share

- 2023-09: $123.36 per share

- 2023-10: $111.58 per share

- 2023-11: $125.03 per share

- 2023-12: $141.89 per share

- 2024-01: $140.30 per share

- 2024-02: $138.75 per share

- 2024-03: $145.12 per share

- 2024-04: $138.08 per share

- 2024-05: $151.05 per share

- 2024-06: $158.46 per share

- 2024-07: $148.60 per share

- 2024-08: $156.37 per share

- 2024-09: $168.48 per share

- 2024-10: $187.05 per share

- 2024-11: $208.08 per share

- 2024-12: $198.74 per share

- 2025-01: $189.50 per share

- 2025-02: $200.64 per share

- 2025-03: $184.28 per share

- 2025-04: $203.97 per share

- 2025-05: $220.76 per share

- 2025-06: $231.57 per share

- 2025-07: $220.16 per share

- 2025-08: $223.96 per share

- 2025-09: $215.97 per share

- 2025-10: $203.11 per share

- 2025-11: $196.59 per share

- 2025-12: $214.21 per share

- 2026-01: $200.07 per share

- 2026-02: $169.57 per share

- 2026-03: $168.41 per share

- 2026-04: $168.36 per share

- 2026-05: $167.43 per share

- 2026-06: $178.24 per share

- 2026-07: $192.90 per share

- 2026-08: $199.09 per share

- 2026-09: $162.91 per share

- 2026-10: $157.51 per share

## Annual estimated value (USD per share)

- FY2016: low $38.60 per share, central $54.82 per share, high $63.86 per share

- FY2017: low $47.53 per share, central $66.71 per share, high $77.41 per share

- FY2018: low $53.35 per share, central $75.54 per share, high $87.91 per share

- FY2019: low $61.80 per share, central $87.19 per share, high $101.35 per share

- FY2020: low $25.24 per share, central $27.25 per share, high $29.94 per share

- FY2021: low $32.64 per share, central $35.69 per share, high $39.74 per share

- FY2022: low $48.06 per share, central $53.02 per share, high $59.63 per share

- FY2023: low $62.75 per share, central $69.55 per share, high $78.61 per share

- FY2024: low $77.20 per share, central $85.31 per share, high $96.10 per share

- FY2025: low $98.92 per share, central $109.64 per share, high $123.92 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:32:36.927Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1075531/000107553126000009/bkng-20251231.htm); period 2025-12-31, filed 2026-02-18.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [Pat Dorsey](https://gigainvestors.com/DA): 741,500 BKNG shares; USD 132,165,000 reported position value; 8.46% of portfolio; add; quarter 2026 Q2.
- [David Hoeft](https://gigainvestors.com/DAC): 25,536,950 BKNG shares; USD 4,551,706,000 reported position value; 2.38% of portfolio; add; quarter 2026 Q2.
- [Matthew McLennan](https://gigainvestors.com/FE): 4,916,494 BKNG shares; USD 876,316,000 reported position value; 1.45% of portfolio; new; quarter 2026 Q2.
- [Francois Rochon](https://gigainvestors.com/GC): 522,664 BKNG shares; USD 93,160,000 reported position value; 3.13% of portfolio; reduce; quarter 2026 Q2.
- [Bill Nygren](https://gigainvestors.com/HA): 1,557,503 BKNG shares; USD 277,609,000 reported position value; 0.37% of portfolio; new; quarter 2026 Q2.
- [David Rolfe](https://gigainvestors.com/WP): 133,351 BKNG shares; USD 23,768,000 reported position value; 4.91% of portfolio; reduce; quarter 2026 Q2.

# BKNG — Booking Holdings Inc.

Held by 6 investors · USD 5,954,724,000 total · 2026 Q2 · reported price USD 178.24 (split-adjusted).
Page: https://gigainvestors.com/s/BKNG

## Holders (2026 Q2)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| David Hoeft (https://gigainvestors.com/DAC) | USD 4,551,706,000 | 2.4% | add +2.4% |
| Matthew McLennan (https://gigainvestors.com/FE) | USD 876,316,000 | 1.5% | new |
| Bill Nygren (https://gigainvestors.com/HA) | USD 277,609,000 | 0.4% | new |
| Nicolai Tangen (https://gigainvestors.com/AKO) | USD 210,188,311 | 0.0% | sold |
| Pat Dorsey (https://gigainvestors.com/DA) | USD 132,165,000 | 8.5% | add +80.37% |
| Francois Rochon (https://gigainvestors.com/GC) | USD 93,160,000 | 3.1% | reduce -1% |
| David Rolfe (https://gigainvestors.com/WP) | USD 23,768,000 | 4.9% | reduce -3.32% |
| Stephen Mandel (https://gigainvestors.com/LPC) | USD 10,126,253 | 0.0% | sold |

## Total held by quarter

- 2008 Q1: USD 247,285,253 · 1 holder · USD 4.83
- 2008 Q2: USD 163,790,781 · 1 holder · USD 4.62
- 2008 Q3: USD 246,878,658 · 1 holder · USD 2.74
- 2008 Q4: USD 265,800,015 · 1 holder · USD 2.95
- 2009 Q1: USD 204,706,215 · 1 holder · USD 3.15
- 2009 Q2: USD 260,848,006 · 1 holder · USD 4.46
- 2009 Q3: USD 306,868,556 · 1 holder · USD 6.63
- 2009 Q4: USD 0 · 0 holders
- 2010 Q1: USD 0 · 0 holders
- 2010 Q2: USD 209,725,949 · 1 holder · USD 7.06
- 2010 Q3: USD 124,531,066 · 1 holder · USD 13.93
- 2010 Q4: USD 0 · 0 holders
- 2011 Q1: USD 181,416,651 · 1 holder · USD 20.26
- 2011 Q2: USD 183,386,624 · 1 holder · USD 20.48
- 2011 Q3: USD 290,551,856 · 1 holder · USD 17.98
- 2011 Q4: USD 686,012,908 · 1 holder · USD 18.71
- 2012 Q1: USD 775,681,358 · 1 holder · USD 28.70
- 2012 Q2: USD 749,681,591 · 1 holder · USD 26.58
- 2012 Q3: USD 876,787,502 · 1 holder · USD 24.76
- 2012 Q4: USD 1,163,879,297 · 2 holders · USD 24.82
- 2013 Q1: USD 1,310,877,427 · 2 holders · USD 27.53
- 2013 Q2: USD 1,543,153,678 · 2 holders · USD 33.07
- 2013 Q3: USD 1,134,938,490 · 2 holders · USD 40.44
- 2013 Q4: USD 1,170,788,625 · 2 holders · USD 46.50
- 2014 Q1: USD 501,023,824 · 2 holders · USD 47.68
- 2014 Q2: USD 1,042,806,114 · 2 holders · USD 48.12
- 2014 Q3: USD 1,067,553,117 · 2 holders · USD 46.34
- 2014 Q4: USD 1,848,019,138 · 2 holders · USD 45.61
- 2015 Q1: USD 1,818,466,525 · 2 holders · USD 46.57
- 2015 Q2: USD 1,653,009,649 · 2 holders · USD 46.05
- 2015 Q3: USD 1,546,379,020 · 2 holders · USD 49.47
- 2015 Q4: USD 1,358,399,025 · 2 holders · USD 51.00
- 2016 Q1: USD 1,382,089,002 · 2 holders · USD 51.56
- 2016 Q2: USD 1,715,369,084 · 2 holders · USD 49.94
- 2016 Q3: USD 1,168,616,741 · 2 holders · USD 58.86
- 2016 Q4: USD 717,456,002 · 2 holders · USD 58.64
- 2017 Q1: USD 789,818,040 · 2 holders · USD 71.20
- 2017 Q2: USD 223,900,720 · 1 holder · USD 74.82
- 2017 Q3: USD 914,468,779 · 2 holders · USD 73.23
- 2017 Q4: USD 1,093,341,905 · 2 holders · USD 69.51
- 2018 Q1: USD 1,195,074,569 · 2 holders · USD 83.22
- 2018 Q2: USD 1,196,047,216 · 3 holders · USD 81.08
- 2018 Q3: USD 108,209,344 · 1 holder · USD 79.36
- 2018 Q4: USD 705,517,053 · 2 holders · USD 68.90
- 2019 Q1: USD 1,010,412,585 · 3 holders · USD 69.80
- 2019 Q2: USD 1,137,800,773 · 4 holders · USD 74.99
- 2019 Q3: USD 1,204,927,902 · 4 holders · USD 78.50
- 2019 Q4: USD 891,779,325 · 3 holders · USD 82.15
- 2020 Q1: USD 692,998,532 · 5 holders · USD 53.81
- 2020 Q2: USD 1,780,210,324 · 6 holders · USD 63.69
- 2020 Q3: USD 1,271,507,243 · 7 holders · USD 68.43
- 2020 Q4: USD 1,543,255,753 · 5 holders · USD 89.09
- 2021 Q1: USD 1,625,090,370 · 6 holders · USD 93.19
- 2021 Q2: USD 1,409,443,524 · 5 holders · USD 87.52
- 2021 Q3: USD 1,841,320,249 · 4 holders · USD 94.95
- 2021 Q4: USD 2,194,222,092 · 4 holders · USD 95.97
- 2022 Q1: USD 1,317,045,759 · 4 holders · USD 93.94
- 2022 Q2: USD 1,498,473,240 · 5 holders · USD 69.96
- 2022 Q3: USD 1,635,632,863 · 5 holders · USD 65.73
- 2022 Q4: USD 2,021,700,646 · 6 holders · USD 80.61
- 2023 Q1: USD 2,421,024,710 · 6 holders · USD 106.10
- 2023 Q2: USD 2,226,404,729 · 6 holders · USD 108.01
- 2023 Q3: USD 1,898,732,861 · 8 holders · USD 123.36
- 2023 Q4: USD 2,009,896,980 · 7 holders · USD 141.89
- 2024 Q1: USD 4,522,007,626 · 9 holders · USD 145.12
- 2024 Q2: USD 5,097,629,674 · 9 holders · USD 158.46
- 2024 Q3: USD 5,015,364,887 · 9 holders · USD 168.48
- 2024 Q4: USD 4,928,147,107 · 8 holders · USD 198.74
- 2025 Q1: USD 4,541,705,148 · 8 holders · USD 184.28
- 2025 Q2: USD 5,459,178,309 · 10 holders · USD 231.57
- 2025 Q3: USD 4,699,691,884 · 8 holders · USD 215.97
- 2025 Q4: USD 4,505,722,825 · 7 holders · USD 214.21
- 2026 Q1: USD 4,601,401,048 · 6 holders · USD 168.41
- 2026 Q2: USD 5,954,724,000 · 6 holders · USD 178.24