Airbnb
ABNB Nasdaq· Hotels, Resorts & Cruise Lines
Last close · Oct 26, 2026
$171.05
KIRA · Stoqly’s AI analyst, in plain words
- Airbnb had $12.2B of revenue in fiscal 2025, up 10.3% on the year before. Over five years, revenue changed +29.4% a year on average.
- Its operating margin was 20.8%, down 2.2 pts: of every 100 in sales, about 21 is left after running the business.
- Airbnb made $2.5B of net profit in fiscal 2025.
- Airbnb returned $3.8B to shareholders in fiscal 2025. The diluted share count fell 3.4%.
- Airbnb has $9.0B more cash than debt.
Market cap
$102.1B
P/E
38.9x
Revenue
$12.2B
Net income
$2.5B
Free cash flow
—
Operating margin
20.8%
Airbnb in 30 seconds · fiscal 2025
Are sales growing?
+10.3%
Yes. Sales grew 10.3% last year.
Does it make a profit?
20.5%
Yes. It keeps 20.5% of every sale as profit.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
38.9x
One share costs 38.9 times its yearly profit per share. Typical for its sector: 17.7x.
What Airbnb does
Airbnb runs an online marketplace, through its website and mobile app, that connects guests with places to stay, experiences and services offered by hosts in over 220 countries and regions. Founded in 2007, it says it has over 5 million hosts, who have welcomed over 2.5 billion guest arrivals. It added services and redesigned experiences in May 2025. Airbnb makes money from service fees on bookings, which it counts as revenue when the guest checks in. Substantially all of its revenue comes from stays, where the fee is a percentage of the booking's value. In October 2025 it began moving from charging fees to both hosts and guests to charging only the host. It reports one segment. Its competitors include online travel agencies such as Booking Holdings, Expedia Group and Trip.com Group; search engines such as Google; hotel chains such as Marriott, Hilton, Accor and Wyndham; property management companies; and activity sites such as Viator, GetYourGuide and Klook.
Biggest risks, in its own words
- Failing to keep or add hosts and guests, or hosts not offering good stays, experiences and services.
- Laws on short-term rentals and home sharing that limit hosts' ability or willingness to list on its platform.
- Criminal, violent or fraudulent acts by hosts, guests or others that damage trust in the platform's safety.
- Fierce competition from travel agencies, search engines, hotels and other platforms.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 12, 2026
- Legal name
- Airbnb, Inc.
- CIK
- 0001559720
Airbnb · ABNB
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $6.0B | $8.4B | $9.9B | $11.1B | $12.2B |
| Revenue growth | 77.4% | 40.2% | 18.1% | 12.0% | 10.3% |
| Gross margin | 80.7% | 82.2% | 82.8% | 83.1% | 83.0% |
| Operating margin | 7.2% | 21.5% | 15.3% | 23.0% | 20.8% |
| Net income | −$352M | $1.9B | $4.8B | $2.6B | $2.5B |
| Net margin | −5.9% | 22.5% | 48.3% | 23.9% | 20.5% |
| Diluted EPS | −$0.57 | $2.79 | $7.24 | $4.11 | $4.03 |
| Cash | |||||
| Cash from operations | $2.3B | $3.4B | $3.9B | $4.5B | $4.6B |
| Capital expenditure | $25.0M | $25.0M | — | — | — |
| Free cash flow | $2.3B | $3.4B | — | — | — |
| FCF margin | 38.2% | 40.5% | — | — | — |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $1.5B | $2.3B | $3.4B | $3.8B |
| Share count change | 116.9% | 10.4% | −2.7% | −2.6% | −3.4% |
| Debt and strength | |||||
| Cash and short-term investments | $8.3B | $9.6B | $10.1B | $10.6B | $11.0B |
| Debt incl. finance leases | $2.0B | $2.0B | $2.0B | $2.0B | $2.0B |
| Shareholders' equity | $4.8B | $5.6B | $8.2B | $8.4B | $8.2B |
| Net debt / EBITDA | −12.3x | −4.1x | −5.2x | −3.4x | −3.5x |
| Current ratio | 2.0x | 1.9x | 1.7x | 1.7x | 1.4x |
| Interest coverage | 8.6x | 225.3x | 27.6x | 1,276.5x | 1,272.0x |
| Returns and quality | |||||
| Return on equity | −9.2% | 36.6% | 69.8% | 32.0% | 30.2% |
| Piotroski F-score | — | 7 | 7 | 7 | 6 |
| Altman Z'' | 2.1 | 2.9 | 2.7 | 3.1 | 2.1 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.1B
7 insiders
Of sales under plans
100%
$1.1B
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Airbnb · ABNB
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Airbnb ABNB | $102.1B | 10.3% | 20.8% | — | — | 38.9x | 6 |
| Hilton Worldwide HLT | $80.6B | 7.7% | 22.4% | 16.9% | 31.1% | 51.6x | 5 |
| Expedia Group EXPE | $34.8B | 7.6% | 12.7% | 21.1% | 40.5% | 17.7x | 8 |
| Norwegian Cruise Line NCLH | $7.1B | 3.7% | 15.9% | −11.9% | 9.8% | 9.4x | 7 |
| Royal Caribbean Group RCL | $75.2B | 8.8% | 27.4% | 6.9% | 16.6% | 17.3x | 9 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $171.05 a share, the company is worth $102.1B: 38.9 times its earnings of the last four quarters.
Airbnb grew sales faster than 4 of its 4 similar companies. Its P/E is higher than 3 of 4.
Source: SEC EDGAR XBRL filings (CIK 0001559720). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.