Airbnb (ABNB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Airbnb

NasdaqGS•Consumer Cyclical•Travel Services

$165.93-1.58(-0.01%)Pre-market

Market Cap

$98.23B

P/E

36.5x

P/S

7.5x

P/B

12.6x

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.

How this company scores

ExcellentMetricSide Score: 81/100

Strongest: Cash & Earnings Quality (23/25); weakest: Balance Sheet & Red Flags (19/25).

Profitability20/25

Growth19/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality23/25

Strengths

Strong marginsHigh ROELow leverageCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 36.5x5y range 16.1x – 137.6x

Currently near its 18-quarter median.

P/S · 7.5x5y range 5.8x – 17.7x

Currently near its 19-quarter median.

P/B · 12.6x5y range 8.7x – 23.5x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 7.6% — watch for continued compression, which may signal competitive or cost pressure.

Leverage Risk

Watch

Debt-to-equity has risen 35.1% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $98.23B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $13.16B
Q. Revenue: $3.61B
TTM EBITDA: $2.75B
TTM Op. Income: $2.74B
Q. Op. Income: $758.00M
TTM Net Income: $2.69B
Q. Net Income: $816.00M
EPS: $1.38
Shares Out.: $592.00M

$13.16B in TTM revenue grew 13.6% YoY, reaching $3.61B last quarter. TTM EBITDA of $2.75B and TTM operating income of $2.74B show growth is flowing through to the bottom line. TTM net income of $2.69B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 82.5%
EBITDA Margin: 21.0%
Op. Margin: 21.0%
Net Margin: 22.6%

Op. margin of 21.0% is up 1.2% YoY — cost efficiency is improving. Net margin at 22.6% and gross margin of 82.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 6% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 36.5x
P/S Ratio: 7.5x
P/B Ratio: 12.6x

At 36.5x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 7.5x and P/B of 12.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 18% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $28.75B
Cash: $6.82B
Long-Term Debt: $2.48B
Book Value: $7.80B
D/E Ratio: 0.3
Debt/EBITDA: 3.3

With $28.75B in assets and $2.48B in long-term debt, D/E is 0.3and book value is $7.80B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 35% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.27B
TTM Free Cash Flow: $4.86B
FCF Margin: 36.9%
FCF / Net Income: 1.8

TTM FCF of $4.86B on $1.27B in operating cash flow. The FCF / Net Income ratio of 1.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 13% — an improving trend.