Airbnb, Inc.

ABNB

Consumer CyclicalLarge CapUS Equities · NYSE / NASDAQ

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Company Profile

Airbnb, Inc., together with its subsidiaries, operates a platform for stays, experiences, and services worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces, experiences, and services. It also offers gift cards. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in November 2010. Airbnb, Inc. was founded in 2007 and is headquartered in San Francisco, California.

Valuation

Market Cap$79.4B

Current Price$139.64as of Jun 23, 2026

P/E Ratio31.61

P/B Ratio9.68

EV / EBITDA29.43

EV / Sales6.12

Profitability

Operating Margin20.8%

Net Profit Margin20.5%

EBITDA Margin20.8%

Returns

ROE30.6%

ROCE29.7%

ROIC %-

ROA11.3%

Solvency

Current Ratio1.38

Debt / Equity0.25

Debt / Assets0.09

CFO / Net Profit1.85

Price History▲ 6.98% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$12.2B▲ 10.3%

EBITDA$2.5B▼ 0.4%

Net Profit$2.5B▼ 5.2%

Cash from Ops (CFO)$4.6B▲ 2.8%

Free Cash Flow (FCF)$4.6B▲ 2.8%

Revenue CAGR 3Y13.4%

Revenue CAGR 5Y-

Net Profit CAGR 3Y9.9%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$12.2B	$2.5B	$2.5B	$4.6B	30.6%	10.3%	-5.2%
2024	$11.1B	$2.6B	$2.6B	$4.5B	31.5%	11.9%	-44.7%
2023	$9.9B	$1.5B	$4.8B	$3.9B	58.7%	18.1%	153.1%
2022	$8.4B	$2.0B	$1.9B	$3.4B	34.0%	-	-
2021	-	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	8,399	9,917	11,102	12,241
Operating Revenue	-	8,399	9,917	11,102	12,241
Cost Of Revenue	-	1,499	1,703	1,878	2,086
Gross Profit	-	6,900	8,214	9,224	10,155
Operating Expense	-	5,009	6,696	6,671	7,611
Research And Development	-	1,502	1,722	2,056	2,354
Selling General And Administration	-	2,466	3,788	3,333	3,930
Total Expenses	-	6,508	8,399	8,549	9,697
Operating Income	-	1,891	1,518	2,553	2,544
Total Operating Income As Reported	-	1,802	1,518	2,553	2,544
EBITDA	-	1,972	1,518	2,553	2,544
Normalized EBITDA	-	2,061	1,518	2,553	2,544
EBIT	-	1,891	1,518	2,553	2,544
Interest Income	-	186	721	818	705
Interest Expense	438	24	83	-	-
Net Interest Income	-	186	721	818	705
Other Non Operating Income Expenses	-	1	-137	-40	-112
Other Income Expense	-	-88	-137	-40	-112
Interest Income Non Operating	-	186	721	818	705
Interest Expense Non Operating	438	24	83	-	-
Net Non Operating Interest Income Expense	-	186	721	818	705
Pretax Income	-	1,989	2,102	3,331	3,137
Tax Provision	-	96	-2,690	683	626
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	-4.27	0	0	0
Net Income Continuous Operations	-	1,893	4,792	2,648	2,511
Net Income From Continuing And Discontinued Operation	-	1,893	4,792	2,648	2,511
Net Income From Continuing Operation Net Minority Interest	-	1,893	4,792	2,648	2,511
Net Income	-	1,893	4,792	2,648	2,511
Net Income Common Stockholders	-	1,893	4,792	2,648	2,511
Net Income Including Noncontrolling Interests	-	1,893	4,792	2,648	2,511
Normalized Income	-	1,977.73	4,792	2,648	2,511
Diluted NI Availto Com Stockholders	-	1,893	4,795	2,652	2,514
Basic Average Shares	-	637	637	632	613
Diluted Average Shares	-	680	662	645	623
Reconciled Depreciation	138	81	44	65	-
Reconciled Cost Of Revenue	-	1,499	1,703	1,878	2,086
Total Unusual Items	-113	-89	0	0	-
Total Unusual Items Excluding Goodwill	-113	-89	0	0	-
Special Income Charges	-113	-89	0	0	-
Restructuring And Mergern Acquisition	113	89	0	0	-
General And Administrative Expense	-	950	2,025	1,185	1,342
Other Gand A	-	950	2,025	1,185	1,342
Other Operating Expenses	-	1,041	1,186	1,282	1,327
Selling And Marketing Expense	-	1,516	1,763	2,148	2,588
Average Dilution Earnings	-	-	3	4	3

Peer Comparison

Consumer Cyclical sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Airbnb, Inc.this co.	ABNB	$79.4B	31.61↓ discount	9.68	30.6%	29.43
MercadoLibre, Inc.	MELI	$82.9B	41.50	12.28	29.6%	23.72
Royal Caribbean Cruises Ltd.	RCL	$78.7B	18.43	7.84	42.5%	14.10
Hilton Worldwide Holdings Inc.	HLT	$77.0B	52.83	-14.29	-27.0%	31.08
General Motors Company	GM	$75.0B

Learn while you research

Hand-picked academy chapters to deepen your understanding of Airbnb, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Valuation Multiples Explained

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$12.2B

$2.5B

$4.6B

30.6%

10.3%

-5.2%

2024

$11.1B

$2.6B

$4.5B

31.5%

11.9%

-44.7%

2023

$9.9B

$1.5B

$4.8B

$3.9B

58.7%

18.1%

153.1%

2022

$8.4B

$2.0B

$1.9B

$3.4B

34.0%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

8,399

9,917

11,102

12,241

Operating Revenue

8,399

9,917

11,102

12,241

Cost Of Revenue

1,499

1,703

1,878

2,086

Gross Profit

6,900

8,214

9,224

10,155

Operating Expense

5,009

6,696

6,671

7,611

Research And Development

1,502

1,722

2,056

2,354

Selling General And Administration

2,466

3,788

3,333

3,930

Total Expenses

6,508

8,399

8,549

9,697

Operating Income

1,891

1,518

2,553

2,544

Total Operating Income As Reported

1,802

1,518

2,553

2,544

EBITDA

1,972

1,518

2,553

2,544

Normalized EBITDA

2,061

1,518

2,553

2,544

EBIT

1,891

1,518

2,553

2,544

Interest Income

186

721

818

705

Interest Expense

438

Net Interest Income

186

721

818

705

Other Non Operating Income Expenses

-137

-40

-112

Other Income Expense

-88

-137

-40

-112

Interest Income Non Operating

186

721

818

705

Interest Expense Non Operating

438

Net Non Operating Interest Income Expense

186

721

818

705

Pretax Income

1,989

2,102

3,331

3,137

Tax Provision

-2,690

683

626

Tax Rate For Calcs

Tax Effect Of Unusual Items

-4.27

Net Income Continuous Operations

1,893

4,792

2,648

2,511

Net Income From Continuing And Discontinued Operation

1,893

4,792

2,648

2,511

Net Income From Continuing Operation Net Minority Interest

1,893

4,792

2,648

2,511

Net Income

1,893

4,792

2,648

2,511

Net Income Common Stockholders

1,893

4,792

2,648

2,511

Net Income Including Noncontrolling Interests

1,893

4,792

2,648

2,511

Normalized Income

1,977.73

4,792

2,648

2,511

Diluted NI Availto Com Stockholders

1,893

4,795

2,652

2,514

Basic Average Shares

637

632

613

Diluted Average Shares

680

662

645

623

Reconciled Depreciation

138

Reconciled Cost Of Revenue

1,499

1,703

1,878

2,086

Total Unusual Items

-113

-89

Total Unusual Items Excluding Goodwill

-113

-89

Special Income Charges

-113

-89

Restructuring And Mergern Acquisition

113

General And Administrative Expense

950

2,025

1,185

1,342

Other Gand A

950

2,025

1,185

1,342

Other Operating Expenses

1,041

1,186

1,282

1,327

Selling And Marketing Expense

1,516

1,763

2,148

2,588

Average Dilution Earnings

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Airbnb, Inc.this co.

ABNB

$79.4B

31.61↓ discount

9.68

30.6%

29.43

MercadoLibre, Inc.

MELI

$82.9B

41.50

12.28

29.6%

23.72

Royal Caribbean Cruises Ltd.

RCL

$78.7B

18.43

7.84

42.5%

14.10

Hilton Worldwide Holdings Inc.

HLT

$77.0B

52.83

-14.29

-27.0%

31.08

General Motors Company

$75.0B

Airbnb, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Airbnb, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on