Airbnb (ABNB)
Market Price (9/16/2025): $120.32 | Market Cap: $74.0 BilSector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines
Airbnb (ABNB)
Market Price (9/16/2025): $120.32Market Cap: $74.0 BilSector: Consumer DiscretionaryIndustry: Hotels, Resorts & Cruise Lines
Investment Highlights
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12% | Weak multi-year price returns2Y Excs Rtn is -66%, 3Y Excs Rtn is -64% | Expensive valuation multiplesP/SPrice/Sales ratio is 6.4x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 28x |
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 10% | ||
Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 22% | ||
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 37%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 37%, CFO LTM is 4.3 Bil, FCF LTM is 4.3 Bil | ||
Attractive yieldFCF Yield is 5.8% | ||
Low stock price volatilityVol 12M is 40% |
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12% |
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 10% |
Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 22% |
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 37%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 37%, CFO LTM is 4.3 Bil, FCF LTM is 4.3 Bil |
Attractive yieldFCF Yield is 5.8% |
Low stock price volatilityVol 12M is 40% |
Weak multi-year price returns2Y Excs Rtn is -66%, 3Y Excs Rtn is -64% |
Expensive valuation multiplesP/SPrice/Sales ratio is 6.4x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 28x |
Market Valuation
9/16/25 | 2024 | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
Share Price CYE | $120.32 | $131.41 | $136.14 | $85.50 | $166.49 |
Market Cap CYE ($ Bil) | 74.0 | 82.3 | 87.1 | 54.5 | 104.9 |
Total Debt ($ Bil) | 2.3 | 2.3 | 2.3 | 2.3 | 2.4 |
Total Cash ($ Bil) | 11.4 | 10.6 | 10.1 | 9.6 | 8.3 |
Enterprise Value ($ Bil) | 64.9 | 84.6 | 89.4 | 56.8 | 107.3 |
Valuation Ratios | |||||
P/S TTM | 6.4 | 7.5 | 8.7 | 6.5 | 17.1 |
P/EBIT TTM | 28.4 | 32.5 | 57.1 | 28.8 | 743.2 |
P/E TTM | 28.2 | 31.4 | 18.1 | 28.8 | -291.4 |
Sector Ratios | |||||
P/S TTM (Sector) | 0.8 | 0.8 | 0.9 | 0.8 | 1.3 |
P/EBIT TTM (Sector) | 7.3 | 6.9 | 7.0 | 5.5 | 7.4 |
P/E TTM (Sector) | 9.6 | 8.1 | 8.9 | 7.3 | 9.2 |
9/16/25 | 2024 | 2023 | |
---|---|---|---|
Share Price CYE | $120.32 | $131.41 | $136.14 |
Market Cap CYE ($ Bil) | 74.0 | 82.3 | 87.1 |
Total Debt ($ Bil) | 2.3 | 2.3 | 2.3 |
Total Cash ($ Bil) | 11.4 | 10.6 | 10.1 |
Enterprise Value ($ Bil) | 64.9 | 84.6 | 89.4 |
Valuation Ratios | |||
P/S TTM | 6.4 | 7.5 | 8.7 |
P/EBIT TTM | 28.4 | 32.5 | 57.1 |
P/E TTM | 28.2 | 31.4 | 18.1 |
Sector Ratios | |||
P/S TTM (Sector) | 0.8 | 0.8 | 0.9 |
P/EBIT TTM (Sector) | 7.3 | 6.9 | 7.0 |
P/E TTM (Sector) | 9.6 | 8.1 | 8.9 |
Business Description
Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.
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Price Returns Compared
Expand for Detailed View2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
ABNB Return | - | 13% | -49% | 59% | -3% | -8% | -17% |
Peers Return | 1% | 26% | -27% | 45% | 11% | 14% | 69% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 12% | 104% |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: MAR, EXPE, HGV, TRIP, BKNG. See ABNB Returns vs. Peers.
[3] 2025 data is for the year up to 9/15/2025 (YTD)
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Airbnb
Financials
Median | |
---|---|
Name | |
Mkt Price | 174.31 |
Mkt Cap | 50.8 |
Rev LTM | 12,799 |
Op Inc LTM | 2,154 |
FCF LTM | 1,840 |
FCF 3Y Avg | 2,190 |
CFO LTM | 2,633 |
CFO 3Y Avg | 2,866 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | 8.0% |
Rev Chg 3Y Avg | 16.2% |
Rev Chg Q | 6.4% |
QoQ Delta Rev Chg LTM | 1.7% |
Op Mgn LTM | 14.0% |
Op Mgn 3Y Avg | 16.2% |
QoQ Delta Op Mgn LTM | 0.2% |
CFO/Rev LTM | 16.8% |
CFO/Rev 3Y Avg | 17.6% |
FCF/Rev LTM | 11.7% |
FCF/Rev 3Y Avg | 12.8% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 50.8 |
P/S | 2.4 |
P/EBIT | 17.9 |
P/E | 32.9 |
P/CFO | 14.9 |
Total Yield | 3.4% |
Dividend Yield | 0.2% |
FCF Yield 3Y Avg | 5.8% |
D/E | 0.2 |
Net D/E | 0.0 |
Returns
Median | |
---|---|
Name | |
1M Rtn | 2.4% |
3M Rtn | 9.7% |
6M Rtn | 23.0% |
12M Rtn | 31.5% |
3Y Rtn | 47.1% |
1M Excs Rtn | -1.2% |
3M Excs Rtn | 1.4% |
6M Excs Rtn | 10.4% |
12M Excs Rtn | 15.9% |
3Y Excs Rtn | -22.3% |
Comparison Analyses
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
8/6/2025 | -8.0% | -4.6% | -5.1% |
5/1/2025 | 1.0% | 1.9% | 4.5% |
2/13/2025 | 14.4% | 3.6% | -10.0% |
11/7/2024 | -8.7% | -8.7% | -6.9% |
8/6/2024 | -13.4% | -10.4% | -11.0% |
5/8/2024 | -6.9% | -7.7% | -7.1% |
2/13/2024 | -1.7% | -1.0% | 10.4% |
11/1/2023 | -3.3% | -1.5% | 13.0% |
... | |||
SUMMARY STATS | |||
# Positive | 9 | 5 | 6 |
# Negative | 10 | 14 | 13 |
Median Positive | 7.7% | 3.6% | 8.0% |
Median Negative | -7.4% | -6.6% | -7.1% |
Max Positive | 14.4% | 7.4% | 13.0% |
Max Negative | -13.4% | -19.9% | -16.4% |
SEC Filings
Expand for MoreReport Date | Filing Date | Filing |
---|---|---|
6302025 | 8062025 | 10-Q 6/30/2025 |
3312025 | 5012025 | 10-Q 3/31/2025 |
12312024 | 2132025 | 10-K 12/31/2024 |
9302024 | 11072024 | 10-Q 9/30/2024 |
6302024 | 8062024 | 10-Q 6/30/2024 |
3312024 | 5082024 | 10-Q 3/31/2024 |
12312023 | 2162024 | 10-K 12/31/2023 |
9302023 | 11012023 | 10-Q 9/30/2023 |
6302023 | 8032023 | 10-Q 6/30/2023 |
3312023 | 5092023 | 10-Q 3/31/2023 |
12312022 | 2172023 | 10-K 12/31/2022 |
9302022 | 11032022 | 10-Q 9/30/2022 |
6302022 | 8032022 | 10-Q 6/30/2022 |
3312022 | 5092022 | 10-Q 3/31/2022 |
12312021 | 2252022 | 10-K 12/31/2021 |
9302021 | 11052021 | 10-Q 9/30/2021 |
Insider Activity
Expand for MoreOwner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
---|---|---|---|---|---|---|---|---|---|
0 | BALOGH ARISTOTLE N | Chief Technology Officer | 8252025 | Sell | 124.96 | 600 | 74,976 | 25,242,666 | Form |
1 | Gebbia Joseph | 8202025 | Sell | 124.79 | 27,274 | 3,403,394 | 26,047,808 | Form | |
2 | BALOGH ARISTOTLE N | Chief Technology Officer | 8182025 | Sell | 123.62 | 600 | 74,172 | 25,710,134 | Form |
3 | BALOGH ARISTOTLE N | Chief Technology Officer | 8112025 | Sell | 120.50 | 600 | 72,300 | 25,133,545 | Form |
4 | Gebbia Joseph | 8062025 | Sell | 128.94 | 15,408 | 1,986,660 | 58,873,491 | Form |
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