| Stage | BKNG | % of rev | VRRM | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $8.9B | 100.00% | $259M | 100.00% | BKNG ×34.35 |
| Gross profit | $8.9B | 100.00% | $226M | 87.44% | BKNG +12.6pp |
| Operating income | $3.4B | 38.43% | $66M | 25.32% | BKNG +13.1pp |
| Pre-tax income | $3.4B | 38.49% | $55M | 21.35% | BKNG +17.1pp |
| Net income | $2.7B | 30.55% | $40M | 15.60% | BKNG +15.0pp |
| Stage | BKNG | VRRM | Gap · A − B |
|---|---|---|---|
| Revenue | $8.9B100.00% | $259M100.00% | BKNG ×34.35 |
| Gross profit | 100.00%$8.9B | 87.44%$226M | BKNG +12.6pp |
| Operating income | 38.43%$3.4B | 25.32%$66M | BKNG +13.1pp |
| Pre-tax income | 38.49%$3.4B | 21.35%$55M | BKNG +17.1pp |
| Net income | 30.55%$2.7B | 15.60%$40M | BKNG +15.0pp |