What is Airbnb's EBITDA margin?

Airbnb (ABNB) reported EBITDA margin of 22.8% in Q1 2025.

What does EBITDA margin mean?

Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.

How do you interpret EBITDA margin?

Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.

How does EBITDA margin compare across companies?

Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.

Airbnb ABNB EBITDA margin

EBITDA margin at other companies

Royal Caribbean GroupRCL

37.5%+2.1pp

Host Hotels & ResortsHST

27.2%-1.1pp

Booking Holdings Inc.BKNG

34.8%-0.2pp

Expedia Group, Inc.EXPE

20.4%+4.4pp

Hyatt HotelsH

10.1%-14.7pp

Hilton WorldwideHLT

24.6%+2.3pp

Other financials

Income statement

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Revenue$2.7B+17.9%

Gross profit$2.1B+18.7%

Operating income$86.0M+126%

Net income$160.0M+3.9%

EPS (diluted)$0.26+8.3%

Balance sheet

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Cash & equivalents$17.6B+5.0%

Total debt$2.5B+11.1%

Total equity$7.6B-3.8%

Total assets$26.8B+7.1%

Cash flow

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Operating cash flow$1.7B-4.5%

Valuation

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Market cap$84.52B+2.0%

Enterprise value$69.47B+1.5%

P/E33.6×+0.9×

P/S6.7×-0.7×

Profitability

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Gross margin82.9%-0.1pp

Operating margin20.5%-1.7pp

Net margin19.9%-2.7pp

Returns & leverage

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Return on equity32.3%+0.3pp

Debt / equity0.3×0.0×

Current ratio1.4×+0.2×

Where this comes from

Calculated from Airbnb’s reported figures.

ebitda/total revenue=22.8%

Based on trailing twelve months.

The official record: Airbnb’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Airbnb's EBITDA margin?: Airbnb (ABNB) reported EBITDA margin of 22.8% in Q1 2025.
What does EBITDA margin mean?: Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?: Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?: Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.