AirBnB ABNB
Public, NASDAQ, reports in USD. Founded 2008.
Theme: Internet.
Accomodation brokerage.
2025-08-01 — Strong buy
Financials millions, USD
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 12.2bn USD | 10.3 % | 83.0 % | 19.2 % | 2.7bn USD | 22.1 % | 2.6bn USD | 7.24 | 32.4 | |
| 2024 | 11.1bn USD | 11.9 % | 83.1 % | 18.5 % | 2.6bn USD | 23.0 % | 2.6bn USD | 4.11 | 34.9 | |
| 2023 | 9.9bn USD | 18.1 % | 82.8 % | 17.4 % | 1.5bn USD | 15.3 % | 4.8bn USD | 7.24 | 33.4 | |
| 2022 | 8.4bn USD | – | 82.2 % | 17.9 % | 1.9bn USD | 22.5 % | 1.9bn USD | 2.79 | – | |
| 2026-Q2 | 3.6bn USD | 16.5 % | 82.5 % | 18.6 % | 758m USD | 21.0 % | 816m USD | 1.37 | 37.5 | |
| 2026-Q1 | 2.7bn USD | – | 78.3 % | 23.8 % | 86m USD | 3.2 % | 160m USD | 0.26 | – | |
| 2025-Q4 | 2.8bn USD | – | 82.5 % | 21.2 % | 269m USD | 9.7 % | 341m USD | 0.56 | – | |
| 2025-Q3 | 4.1bn USD | – | 86.6 % | 14.3 % | 1.6bn USD | 39.7 % | 1.4bn USD | 2.21 | – | |
| 2025-Q2 | 3.1bn USD | – | 82.4 % | 19.7 % | 612m USD | 19.8 % | 642m USD | 1.03 | – |
Sources
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q3: yfinance
- 2025-Q2: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 3.6bn USD | 3.1bn USD | +512m (+17 %) |
| Op. margin | 21.0 % | 19.8 % | +1.2 pts |
| FCF | 1.3bn USD | 975m USD | +295m (+30 %) |
| Op. income | 758m USD | ||
| Net income | 816m USD | ||
| EPS (diluted) | 1.37 | 33.0 % |
Cash flow millions, USD
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.6bn USD | – | 4.6bn USD | 38.0 % | 176.6 % | 2.2bn USD | – | – | 71m USD |
| 2024 | 4.5bn USD | – | 4.5bn USD | 40.7 % | 170.6 % | 2.0bn USD | – | – | 330m USD |
| 2023 | 3.9bn USD | – | 3.9bn USD | 39.2 % | 81.1 % | – | – | 3.9bn USD | 412m USD |
| 2022 | 3.4bn USD | 25m USD | 3.4bn USD | 40.8 % | 181.2 % | 1.8bn USD | 2.2bn USD | 3.4bn USD | 2.7bn USD |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 168.21 USD | 2026-09-15 | |
|---|---|---|---|
| Market cap | 99.2bn USD | 2026-09-15 | |
| 52w high | 193.45 USD | 2026-09-15 | |
| 52w low | 110.81 USD | 2026-09-15 | |
| EV/EBITDA | 41.0 | 2026-07-10 (stale) | |
| Off 52w high % | -13.0 % | ||
| P/S | 8.1 | ||
| Lifetime CAGR | 14.8 % |
Notes
- 2025-08-01 opinion Strong buy