What is Airbnb's EV / EBITDA?

Airbnb (ABNB) reported EV / EBITDA of 23.3× in Q1 2025.

What does EV / EBITDA mean?

What the whole business (debt included) costs relative to its operating cash earnings.

How do you interpret EV / EBITDA?

Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.

How does EV / EBITDA compare across companies?

Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.

Airbnb ABNB EV / EBITDA

EV / EBITDA at other companies

Royal Caribbean GroupRCL

10.8×+1.4×

Host Hotels & ResortsHST

10.1×+1.1×

Booking Holdings Inc.BKNG

14.1×-3.9×

Expedia Group, Inc.EXPE

8.9×-1.3×

Hyatt HotelsH

25.1×+16.3×

Hilton WorldwideHLT

27.2×+0.9×

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$83.41B+2.0%

Enterprise value$68.36B+1.5%

P/E33.1×+0.9×

P/S6.6×-0.7×

Profitability

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Gross margin82.9%-0.1pp

Operating margin20.5%-1.7pp

Net margin19.9%-2.7pp

Returns & leverage

See full

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.

enterprise value/ebitda=23.3×

Based on the most recent quarter.

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 EV / EBITDA?: Airbnb (ABNB) reported EV / EBITDA of 23.3× in Q1 2025.
What does EV / EBITDA mean?: What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?: Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?: Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.