— Know what they know.
/
Not Investment Advice

ABNB

NASDAQ · USD
Airbnb, Inc.
Consumer Cyclical · Travel Services
CEO Brian Chesky Employees 8,200 R&D / revenue 19.2%
Last price
$173.70−0.33%last session
Market cap
$104.0B
P/E (TTM)
39.3x
From 52w high
−10.2%
From 52w low
+56.8%
1-year return
+41.3%
RSI 14 · vs SMA200
60.9 · +19.8%
IS score
74.7/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

ABNB   SPY   XLY (sector ETF) · weekly closes
100120140Jan 26Apr 26Jul 26Oct 26ABNB 141SPY 116XLY 97

Score DNA

Each bar is a 0-100 score within the scored universe
80
Profitability
54
Growth
29
Value
80
Momentum
80
Risk (safety)
87
Quality
81
Balance sheet
83
Earnings quality

Flags

Strengths
✓ Net cash
Warnings
None of the computed warning flags fires for ABNB (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Efficient ScalePiotroski 7 / 9Altman Z 3.2Beta 1.162 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
215 open-market sales, $944.5M
Form 144 notices (12m): 108, $1.1B proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+13
164 new holders, 138 closed
1,316 filers hold 61.5% · 487 added, 498 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+242
1,309 funds adding shares
1,067 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
45.9%
20-day avg 39.2%, 50-day avg 38.8%
Latest 6.7 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$12.2B
Revenue growth YoY+10.3%
Gross margin83.0%
Operating income$2.5B
Operating margin20.8%
Net income$2.5B
Net margin20.5%
EPS (diluted)$4.03
Cash flow
Operating cash flow$4.6B
Capital expenditure$0
Free cash flow$4.6B
FCF conversion (FCF / OCF)100.0%
Stock-based compensation$1.6B
FCF less SBC$3.1B
Buybacks$3.8B
Dividends$0
Balance sheet & returns
Cash & short-term investments$11.0B
Total debt$2.0B
Net cash$9.0B
Shareholders' equity$8.2B
Goodwill & intangibles$770.0M
Debt / equity0.32
ROE (TTM)33.4%
ROIC (TTM)20.7%
Operating margin by fiscal year
7.2%FY202121.5%FY202215.3%FY202323.0%FY202420.8%FY2025
Revenue $6.0B (FY2021) to $12.2B (FY2025), a 19.6% CAGR.

Valuation

P/E (TTM)39.3x
EV / EBITDA33.1x
Price / sales7.89x
Price / FCF21.4x
FCF yield4.68%
Buyback yield3.64%
SBC / revenue12.9%
Price / book13.19x
Forward P/E FY202632.7x
Forward P/E FY202727.8x
Forward P/E FY202823.3x
Forward multiples divide today's price by Street EPS estimates. Street mean target $183.00 across 25 analysts last quarter is theirs, not ours.

ABNB vs industry median

44 companies in Travel Services
Gross margin 78.0% 40.8% Operating margin 21.0% 8.3% Net margin 20.4% 3.2% ROIC 20.7% 10.1%
ABNB (TTM)Industry median Asset turnover 0.46 vs industry 0.61 · financial leverage 3.69

Earnings delivery

Next report 2026-11-05 · consensus EPS $2.85
58%
beat rate, 7 of 12 quarters
+5.8%
median EPS surprise
3
longest beat streak
+15+16+71-7-0+20+3+10-4-16-15+9
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-01 to 2026-08-06. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
ABNB Airbnb, Inc. $104.0B39.3x33.4%20.4%+10.3% +41.3%
BKNG Booking Holdings Inc. $122.8B18.0x-82.7%26.5%+12.9% −16.7%
RCL Royal Caribbean Cruises Ltd. $74.3B17.1x45.4%23.3%+8.7% −7.0%
VIK Viking Holdings Ltd $37.2B27.5x139.8%26.8%+20.0% +38.7%
CCL Carnival Corporation & plc $34.8B11.2x24.0%22.8%+5.2% −8.2%
EXPE Expedia Group, Inc. $33.1B17.3x199.1%20.3%+12.0% —
SABRP Sabre Corporation $23.6B19.4x-38.0%1.1%−4.1% —
MAR Marriott International, Inc. $101.2B40.4x-69.1%10.8%+4.7% —
12-month window: SPY +15.9%, sector ETF XLY −3.2%. Past returns describe history only.

Recent 8-K filings

2026-06-11Shareholder Vote
2026-05-07Earnings Release; Exhibits
2026-03-16Entry into Material Definitive Agreement; Creation of Direct Financial Obligation; Other Events; Financial Statements and Exhibits
2026-02-12Results of Operations and Financial Condition; Financial Statements and Exhibits
2025-11-21Departure/Election of Directors; Appointment of Officers
2025-11-06Results of Operations and Financial Condition; Financial Statements and Exhibits

Context

Shares outstanding598,785,693
Free float96.2%
Institutional ownership61.5%
Beta1.16
Dividend yield0.00%
Last dividendNone on file
50 / 200-day average$172.35 / $144.82
Large-cap Consumer Cyclical median P/E24.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where ABNB sits among 12 scored companies in Travel Services (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureABNBIndustry medianIndustry percentileSector median
P/E (TTM) 38.7x 17.0x
70th		 17.7x
PEG (P/E ÷ 3-yr EPS CAGR) 4.18 — 0.96
Price / sales 7.9x 2.9x
100th		 1.0x
Price / book 13.3x 5.0x
71st		 2.4x
Price / tangible book 12.1x 7.1x
80th		 4.2x
Price / free cash flow 21.4x 12.9x
75th		 15.2x
Price / operating cash flow 21.4x 11.7x
91st		 10.2x
Enterprise value $94.4B $26.7B
82nd		 $5.6B
EV / sales 7.2x 3.3x
100th		 1.4x
EV / EBITDA 33.8x 13.4x
100th		 11.4x
EV / EBIT 34.5x 17.0x
91st		 16.0x
EV / free cash flow 19.4x 18.5x
62nd		 21.0x
Earnings yield 2.6% 4.7%
36th		 4.8%
FCF yield 4.7% 5.0%
45th		 5.9%
Operating cash flow yield 4.7% 8.6%
9th		 9.3%
Graham number (per share) $36.40 $23.73
71st		 $33.39

Profitability (TTM)

MeasureABNBIndustry medianIndustry percentileSector median
Gross margin 78.0% 45.9%
82nd		 34.2%
EBITDA margin 21.3% 25.1%
36th		 11.7%
Operating margin 20.8% 16.1%
73rd		 8.7%
EBIT margin 20.8% 16.9%
73rd		 8.2%
Net margin 20.4% 9.7%
82nd		 4.9%
NOPAT margin 16.6% 14.4%
73rd		 6.8%
FCF margin 37.0% 13.0%
100th		 6.5%
Operating cash flow margin 36.9% 22.9%
100th		 10.4%
R&D / revenue 18.9% 0.0%
100th		 0.0%
SG&A / revenue 32.7% 26.2%
73rd		 17.2%
Stock comp / revenue 13.0% 1.3%
100th		 0.6%
Effective tax rate 20.0% 21.7%
36th		 22.4%

Returns on capital

MeasureABNBIndustry medianIndustry percentileSector median
ROE (on average equity) 34.5% 35.6%
43rd		 12.8%
ROA 9.7% 5.1%
73rd		 4.4%
ROIC -123.5% 9.2%
9th		 9.3%
ROCE 25.7% 12.2%
82nd		 9.9%
Return on tangible assets 9.8% 8.5%
64th		 7.4%
Cash ROIC (OCF / invested capital) —
Gross profitability (GP / assets) 36.8% 27.4%
64th		 31.6%
ROIC, 3-yr average —
ROIC, 5-yr average —
ROE, 5-yr average 39.6% -0.3%
80th		 15.8%
Incremental ROIC 38.8% -35.4%
73rd		 11.2%

Growth

MeasureABNBIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 13.6% 8.7%
80th		 6.0%
Revenue growth (QoQ) 34.7% 20.8%
82nd		 6.6%
Revenue CAGR, 3 yr 13.1% 12.7%
56th		 3.0%
Revenue CAGR, 5 yr 33.7% 37.4%
44th		 5.9%
Gross profit CAGR, 3 yr 12.3% 12.9%
44th		 3.3%
Operating income CAGR, 3 yr 11.9% 25.4%
29th		 2.1%
Net income growth (TTM YoY) 2.5% 5.8%
40th		 4.7%
Net income CAGR, 3 yr 5.4% 17.4%
25th		 1.4%
EPS growth (TTM YoY) 7.5% 1.2%
60th		 7.6%
EPS CAGR, 3 yr 9.2% 9.2%
50th		 3.4%
EPS CAGR, 5 yr —
FCF growth (TTM YoY) 13.6% 13.6%
50th		 26.3%
FCF CAGR, 3 yr 7.7% 12.3%
20th		 6.5%
Operating cash flow CAGR, 3 yr 7.4% 18.6%
25th		 6.7%
Book value CAGR, 3 yr 19.7% 23.7%
40th		 8.1%
Dividend CAGR, 3 yr —
Sustainable growth rate 34.5% 35.6%
43rd		 12.2%

Margin history & stability

MeasureABNBIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 82.1% 47.7%
70th		 34.9%
Operating margin, 3-yr average 19.5% 15.4%
70th		 8.0%
Net margin, 3-yr average 29.7% 9.3%
100th		 4.8%
FCF margin, 3-yr average 38.6% 13.1%
100th		 5.7%
Revenue stability (0-1) 0.95 0.92
80th		 0.80
Earnings stability (0-1) 0.51 0.83
20th		 0.43
Margin stability (0-1) 0.96 0.92
70th		 0.92

Liquidity (latest quarter)

MeasureABNBIndustry medianIndustry percentileSector median
Cash & short-term investments $12.1B $859.1M
91st		 $278.1M
Net cash (− = net debt) $9.6B −$1.6B
100th		 −$1.2B
Working capital $7.4B −$141,500
100th		 $298.0M
Current ratio 1.41 0.97
64th		 1.49
Quick ratio 1.41 0.97
64th		 0.92
Cash ratio (cash + ST investments / current liabilities) 0.67 0.48
73rd		 0.31
Defensive interval (days) 571 days 421 days
73rd		 290 days

Leverage & solvency (latest quarter)

MeasureABNBIndustry medianIndustry percentileSector median
Total debt $2.5B $5.7B
36th		 $1.8B
Debt / equity 0.32 2.04
0th		 1.04
Net debt / equity −1.23 0.86
0th		 0.78
Debt / assets 8.7% 51.0%
0th		 39.7%
Debt / capital 24.2% 66.8%
0th		 51.0%
Debt / EBITDA 0.89 3.36
0th		 3.26
Net debt / EBITDA −3.42 2.43
0th		 2.42
Interest coverage (EBIT / interest) 74.0x 4.3x
100th		 5.1x
Cash interest coverage 131.4x 6.2x
100th		 6.0x
Debt payback (years of OCF) 0.5 yrs 3.6 yrs
0th		 3.8 yrs
Liabilities / assets 72.9% 88.6%
18th		 68.1%
IS credit model rating AA — —
Implied credit spread (bps) 80 438
0th		 275

Efficiency

MeasureABNBIndustry medianIndustry percentileSector median
Asset turnover 0.47 0.55
27th		 1.00
Fixed asset turnover —
Inventory turnover —
Receivables turnover 66.6 25.0
100th		 19.9
Days sales outstanding 5 days 12 days
9th		 18 days
Days inventory outstanding —
Days payables outstanding 26 days 26 days
40th		 42 days
Cash conversion cycle (days) −20 days −11 days
30th		 44 days
Capex / revenue —
Capex / depreciation —
Operating expense ratio 61.4% 35.2%
73rd		 24.8%

Cash flow & earnings quality

MeasureABNBIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.81 2.17
20th		 1.76
FCF / net income 1.81 1.32
60th		 1.18
FCF / operating cash flow —
Capex / operating cash flow —
Accruals ratio -7.8% -7.5%
45th		 -5.7%
Sloan accruals ratio 10.6% -1.4%
100th		 -3.6%
Earnings quality score (0-1) 0.75 0.75
0th		 0.75

Dividends & buybacks

MeasureABNBIndustry medianIndustry percentileSector median
Dividend yield 0.0% 0.0%
0th		 0.8%
Dividend per share (TTM) $0.00 $0.00
0th		 $0.40
Payout ratio (dividends / net income) 0.0% 0.0%
0th		 17.8%
Dividends / FCF 0.0% 0.0%
0th		 11.6%
Dividend growth (YoY) —
Buyback yield 4.1% 2.9%
60th		 1.6%
Shareholder yield (dividends + buybacks) 4.1% 3.4%
60th		 3.7%
Share count change (YoY) -4.6% -2.4%
40th		 -0.9%
Buybacks, last 5 years $18.3B $584.8M
91st		 $198.3M

Scores & forensic checks

MeasureABNBIndustry medianIndustry percentileSector median
IS score 75 52
91st		 50
IS profitability 80 62
91st		 38
IS growth 54 54
50th		 53
IS value 29 42
9th		 50
IS momentum 80 80
50th		 72
IS risk (safety) 80 40
73rd		 65
IS quality 87 68
100th		 63
IS balance sheet 81 45
100th		 48
IS earnings quality 83 77
64th		 77
IS cash flow 94 56
91st		 56
Piotroski F-score (0-9) 7 6
55th		 6
Altman Z-score 3.2 2.0
91st		 2.8
Beneish M-score −3.63 −2.88
0th		 −2.69
Ohlson O-score −7.69 −6.02
0th		 −6.83
IS credit score 90 46
100th		 58

Per share

MeasureABNBIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $4.51 $2.65
73rd		 $2.05
Book value per share $13.06 $5.58
82nd		 $14.46
Tangible book per share $11.88 $1.45
82nd		 $3.70
Revenue per share $22.04 $21.03
64th		 $46.29
FCF per share $8.15 $2.08
73rd		 $2.72
Operating cash flow per share $8.14 $5.31
64th		 $4.86
Cash per share $20.22 $6.01
82nd		 $3.59

Size (TTM)

MeasureABNBIndustry medianIndustry percentileSector median
Market cap $104.0B $20.0B
91st		 $3.6B
Revenue $13.2B $8.6B
64th		 $3.9B
EBITDA $2.8B $2.3B
64th		 $442.3M
Net income $2.7B $1.1B
73rd		 $178.6M
Free cash flow $4.9B $412.0M
82nd		 $206.3M
Total assets $28.8B $18.9B
64th		 $4.4B
Shareholders' equity $7.8B $935.8M
82nd		 $957.6M
Employees 8,200 14,500
36th		 12,300

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-12Blecharczyk Nathan
Director, 10 percent owner, Chief Strate
 Conversion 17,692——38,259
2026-10-12Blecharczyk Nathan
Director, 10 percent owner, Chief Strate
 Gift 4,077——34,182
2026-10-12Blecharczyk Nathan
Director, 10 percent owner, Chief Strate
 Open-market sale 2,852$163.45$466,15131,330
2026-10-12Blecharczyk Nathan
Director, 10 percent owner, Chief Strate
 Open-market sale 4,267$164.72$702,87227,063
2026-10-12Blecharczyk Nathan
Director, 10 percent owner, Chief Strate
 Open-market sale 2,248$165.44$371,91024,815
2026-10-12Blecharczyk Nathan
Director, 10 percent owner, Chief Strate
 Open-market sale 3,248$166.52$540,86221,567
2026-10-12Blecharczyk Nathan
Director, 10 percent owner, Chief Strate
 Open-market sale 1,000$167.19$167,18520,567
2026-10-12Blecharczyk Nathan
Director, 10 percent owner, Chief Strate
 Conversion 17,692——44,348,780
2026-09-28Mertz Elinor
Chief Financial Officer
 Award / grant 11,204——445,805
2026-09-28Blecharczyk Nathan
Director, 10 percent owner, Chief Strate
 Conversion 17,692——38,259
2026-09-28Blecharczyk Nathan
Director, 10 percent owner, Chief Strate
 Gift 4,077——34,182
2026-09-28Blecharczyk Nathan
Director, 10 percent owner, Chief Strate
 Open-market sale 481$154.45$74,29133,701

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired14287,088$18.7M
ConversionAcquired3110,855,039—
ConversionDisposed3110,855,039—
GiftDisposed141,528,846—
Open-market saleDisposed2156,218,294$944.5M
Option exerciseDisposed321,916$1.2M
Option exerciseAcquired321,916$1.2M
OtherDisposed24,646,724—
OtherAcquired1102,746—
Tax withholdingDisposed623,972$3.8M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 108 notices · 7,759,407 shares · $1.1B
FiledFilerShares proposedEst. proceeds
2026-10-15Bernstein David C1,369$230,006
2026-10-13Blecharczyk Nathan13,615$2.2M
2026-09-28Blecharczyk Nathan13,615$2.1M
2026-09-15Bernstein David C1,489$251,537
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 4 trades (0 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2025-12-16Michael Patrick GuestHouseSale$1,001 - $15,0002026-08-17
2025-12-16Michael GuestHouseSale$1,001 - $15,0002026-08-17
2025-12-16Michael GuestHouseSale (Full)$1,001 - $15,0002026-08-17
2025-12-15Michael GuestHouseSale (Full)$1,001 - $15,0002026-08-17
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.33,056,139$4.7B5.52%
VANGUARD CAPITAL MANAGEMENT LLC26,615,598$3.8B4.44%
STATE STREET CORP18,150,096$2.6B3.03%
Invesco Ltd.16,173,900$2.3B2.70%
GEODE CAPITAL MANAGEMENT, LLC10,340,188$1.5B1.73%
VANGUARD PORTFOLIO MANAGEMENT LLC7,906,004$1.1B1.32%
FMR LLC6,713,883$960.8M1.12%
WELLINGTON MANAGEMENT GROUP LLP5,785,665$827.9M0.97%
ACADIAN ASSET MANAGEMENT LLC5,769,462$825.6M0.96%
Independent Franchise Partners LLP5,423,764$776.1M0.91%
MORGAN STANLEY5,256,161$752.2M0.88%
Clearbridge Investments, LLC4,926,192$704.9M0.82%
Amundi4,322,704$618.6M0.72%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/4,184,448$607.9M0.70%
NORGES BANK3,709,238$530.8M0.62%

Institutional ownership by quarter

2023-092026-0661.5%
% of shares held by 13F filers
2023-092026-061,316
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,31661.5%164487498138
2026-03-311,30358.4%182518427150
2025-12-311,29259.8%225443470110
2025-09-301,20857.8%145472417160
2025-06-301,24557.2%170471447116
2025-03-311,20757.4%161517370140
2024-12-311,20555.9%226409411114
2024-09-301,12455.7%136366463179
2024-06-301,18054.7%131478386114
2024-03-311,18056.0%174435416116
2023-12-311,14054.2%182383425104
2023-09-301,08055.4%15438837089

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-08-14SCHEDULE 13G/ABrian Chesky13.6%65,512,326
2026-08-14SCHEDULE 13G/AJoseph Gebbia7.5%33,764,227
2026-08-14SCHEDULE 13G/AGioacchino Curiale3.4%14,739,089
2026-04-29SCHEDULE 13GVanguard Capital Management7.2%30,303,406
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.09%$2.1B
VTSAX0.09%$2.1B
VTI0.09%$2.1B
VSMPX0.09%$2.1B
VFFSX0.10%$1.8B
VFINX0.10%$1.8B

Share structure

Shares outstanding598,785,693
Float576,186,922
Free float96.2%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$6.0B$8.4B$9.9B$11.1B$12.2B
Cost of revenue$1.2B$1.5B$1.7B$1.9B$2.1B
Gross profit$4.8B$6.9B$8.2B$9.2B$10.2B
R&D$1.4B$1.5B$1.7B$2.1B$2.4B
SG&A$2.0B$2.5B$3.8B$3.3B$3.9B
Operating income$429.0M$1.8B$1.5B$2.6B$2.5B
EBITDA$276.0M$2.0B$1.6B$2.6B$2.5B
Pretax income−$300.0M$2.0B$2.1B$3.3B$3.1B
Income tax$52.0M$96.0M−$2.7B$683.0M$626.0M
Net income−$352.0M$1.9B$4.8B$2.6B$2.5B
EPS, diluted$-0.57$2.79$7.24$4.11$4.03
Diluted shares616.0M680.0M662.0M645.0M623.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$8.3B$9.6B$10.1B$10.6B$11.0B
Receivables$3.7B$5.0B$6.1B$6.1B$7.1B
Inventory$0$0$0$0$0
Total current assets$12.4B$14.9B$16.5B$17.2B$18.8B
PP&E, net$429.0M$259.0M$279.0M$291.0M$257.0M
Goodwill & intangibles$705.0M$684.0M$792.0M$777.0M$770.0M
Total assets$13.7B$16.0B$20.6B$21.0B$22.2B
Accounts payable$118.0M$137.0M$141.0M$142.0M$232.0M
Total current liabilities$6.4B$8.0B$9.9B$10.2B$13.6B
Long-term debt$2.0B$2.0B$2.0B$2.0B$0
Total liabilities$8.9B$10.5B$12.5B$12.5B$14.0B
Shareholders' equity$4.8B$5.6B$8.2B$8.4B$8.2B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income−$352.0M$1.9B$4.8B$2.6B$2.5B
Depreciation & amortization$175.5M$89.3M$44.0M$65.0M$0
Stock-based compensation$0$930.0M$1.1B$1.4B$1.6B
Change in working capital$637.9M$319.0M$720.0M−$67.0M−$106.0M
Operating cash flow$2.3B$3.4B$3.9B$4.5B$4.6B
Capital expenditure$0−$25.0M$0$0$0
Free cash flow$2.3B$3.4B$3.9B$4.5B$4.6B
Investing cash flow−$1.4B−$28.0M−$1.0B−$616.0M−$748.0M
Net debt issued / repaid−$229.0M$0$0$0$0
Buybacks$0−$1.5B−$2.3B−$3.4B−$3.8B
Dividends paid$0$0$0$0$0

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin80.7%82.2%82.8%83.1%83.0%
Operating margin7.2%21.5%15.3%23.0%20.8%
Net margin-5.9%22.5%48.3%23.9%20.5%
FCF margin38.0%40.6%39.2%40.7%37.8%
ROE-9.2%36.6%69.8%31.9%30.2%
ROIC-30.0%-99.6%869.5%2,136.3%-272.2%
ROA-2.9%12.7%26.1%12.7%11.6%
Debt / equity0.510.420.280.270.25
Interest coverage0.3x83.6x20.5x——
Current ratio1.951.861.661.691.38
Revenue growth+597.3%+40.2%+18.1%+11.9%+10.3%
EPS growth+92.1%+644.8%+166.7%−43.4%−5.2%
P/E at year endn/m30.4x18.1x30.9x33.7x
EV / EBITDA at year end389.8x24.0x45.3x28.1x29.0x
FCF yield at year end2.01%5.93%4.47%5.52%5.48%
Dividend payout—0.0%0.0%0.0%0.0%

Revenue by region · FY2025

North America$5.2B · 42%
EMEA$4.7B · 39%
Latin America$1.2B · 9%
Asia Pacific$1.2B · 9%

Street estimates by fiscal year

Next report 2026-11-05 · consensus EPS $2.85 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$14.2B$14.0B – $14.3B$5.31$5.03 – $5.773032.7x
2027$15.8B$15.3B – $16.2B$6.26$5.63 – $6.953027.8x
2028$17.5B$16.7B – $18.8B$7.46$6.31 – $9.932223.3x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-06$1.26$1.37+8.7%$3.6B$3.6B+0.8%
2026-05-07$0.30$0.26−14.5%$2.6B$2.7B+2.3%
2026-02-12$0.67$0.56−15.9%$2.7B$2.8B+2.3%
2025-11-06$2.31$2.21−4.3%$4.1B$4.1B+0.4%
2025-08-06$0.94$1.03+9.9%$3.0B$3.1B+2.2%
2025-05-01$0.23$0.24+2.8%$2.3B$2.3B+0.5%
2025-02-13$0.61$0.73+19.7%$2.4B$2.5B+2.4%
2024-11-07$2.14$2.13−0.5%$3.7B$3.7B+0.4%
2024-08-06$0.92$0.86−6.5%$2.7B$2.7B+0.4%
2024-05-08$0.24$0.41+70.8%$2.1B$2.1B+3.9%
2024-02-13$0.66$0.76+15.9%$2.2B$2.2B+2.4%
2023-11-01$2.08$2.39+14.9%$3.2B$3.4B+6.9%
2023-08-03$0.78$0.98+25.6%$2.4B$2.5B+2.6%
2023-05-09$0.09$0.18+100.0%$1.8B$1.8B+1.5%
2023-02-14$0.25$0.48+92.0%$1.9B$1.9B+2.2%
2022-11-01$1.47$1.79+21.8%$2.9B$2.9B+1.1%
2022-08-02$0.43$0.56+30.2%$2.1B$2.1B−0.1%
2022-05-03$-0.28$-0.03+89.3%$1.5B$1.5B+3.9%
2022-02-15$0.03$0.08+139.5%$1.5B$1.5B+5.3%
2021-11-04$0.75$1.22+62.7%$2.0B$2.2B+9.5%
2021-08-12$-0.47$-0.11+76.6%$1.3B$1.3B−0.0%
2021-05-13$-1.15$-1.75−52.2%$731.7M$886.9M+21.2%
2021-02-25$-9.18$-10.88−18.5%$701.7M$859.3M+22.5%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.506-150.706-220.506-290.507-060.707-130.507-200.807-271.408-031.608-101.108-171.208-241.308-31
Week ofNotionalSharesTrades
2026-08-31$1.3B6,906,189109,359
2026-08-24$1.2B6,305,816114,034
2026-08-17$1.1B5,734,667112,524
2026-08-10$1.6B8,709,033149,476
2026-08-03$1.4B8,838,291140,258
2026-07-27$757.8M5,006,816108,588

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1545.9%
DateShort shareShort volumeTotal volume
2026-10-1545.9%972,9492,119,898
2026-10-1447.9%627,4701,311,012
2026-10-1329.4%283,221962,038
2026-10-1228.8%475,3781,649,159
2026-10-0941.2%301,401730,823
2026-10-0839.2%447,9671,142,121
2026-10-0744.4%376,399848,120
2026-10-0634.8%473,5351,361,432
2026-10-0539.9%382,068958,354
2026-10-0234.6%406,8061,176,516
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+9.4Jan+6.1Feb-0.8Mar-4.7Apr-10.0May+0.5Jun+4.1Jul-2.9Aug+1.7Sep-0.4Oct-2.0Nov-0.2Dec
MonthAvg returnUp yearsYears
Jan+9.4%50%6
Feb+6.1%83%6
Mar−0.8%50%6
Apr−4.7%20%5
May−10.0%20%5
Jun+0.5%80%5
Jul+4.1%40%5
Aug−2.9%60%5
Sep+1.7%60%5
Oct−0.4%60%5
Nov−2.0%20%5
Dec−0.2%67%6
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1460.9
MFI73.4
ADX18.2
Stochastic %K / %D93.9 / 92.3
Williams %R-13.0
CCI184
TSI / signal2.0 / -8.5
Chaikin money flow0.01
ATR$4.97
Bollinger width14.9%
Volume vs 20-day avg1.02x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$162.10 (+7.2%)
SMA 50$172.79 (+0.5%)
SMA 200$145.00 (+19.8%)
EMA 21$165.90 (+4.7%)
EMA 50$165.17 (+5.2%)
EMA 200$149.93 (+15.9%)
Bollinger upper$174.17 (−0.3%)
Bollinger lower$150.02 (+15.8%)
Parabolic SAR$160.91 (+7.9%)
Open the live chart, 110+ indicators

About Airbnb, Inc.

Airbnb, Inc., along with its affiliated entities, manages a global digital marketplace. This platform seamlessly connects individuals, known as hosts, who wish to offer a variety of accommodations and unique local experiences, with guests seeking such services worldwide. Users can easily book anything from private rooms and primary residences to vacation homes through its online and mobile channels. Originally established as AirBed & Breakfast, Inc. in 2007, the company officially rebranded to Airbnb, Inc. in November 2010. Its corporate headquarters are situated in San Francisco, California.

https://www.airbnb.com

Key executives

NameTitlePayBorn
Elinor MertzChief Financial Officer$1.4M1977
Nathan BlecharczykCo-Founder, Chief Strategy Officer & Director$1.3M1984
Ahmad Al-DahleChief Technology Officer$1.1M—
Brian CheskyCo-Founder, CEO & Chairman of the Board$242,1221982
Joseph GebbiaCo-Founder & Director$62,5001982
David BernsteinChief Accounting Officer—1962
Fallon O'Connor-BrooksGlobal Head of Communications & People—1986
Gus FuldnerGlobal Head of Operations——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Chief Financial Officer2025$671,154$6.7M$675,000$11.5M
Aristotle Balogh Former Chief Technology Officer2025$671,154$6.7M$675,000$11.5M
Nathan Blecharczyk Co-Founder and Chief Strategy Officer2025$471,154$4.2M$285,000$7.8M
Brian Chesky President and Chief Executive Officer2025$1$0$0$242,122

Employees

6k20206k20217k20227k20237k20248k2025

Dividends

Ex-dateAmountPaid
None on file.

Moat model

Weak · Efficient Scale · 2026-06-30
Cost advantage46
Intangibles55
Switching costs40
Network effect65
Efficient scale75
Our component scores (0-100) and overall 54.0; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms