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Airbnb ABNB Free cash flow margin

Free cash flow margin at other companies

Royal Caribbean Group logo
Royal Caribbean GroupRCL
20.9%
Marriott International logo
Marriott InternationalMAR
10.6%+3.3pp
Host Hotels & Resorts logo
Host Hotels & ResortsHST
20.4%+0.4pp
Booking Holdings Inc. logo
Booking Holdings Inc.BKNG
32.6%-2.6pp
Hyatt Hotels logo
Hyatt HotelsH
9.8%+2.0pp
Hilton Worldwide logo
Hilton WorldwideHLT
17.9%+0.1pp

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%
CapEx$15.0M+150%
Free cash flow$1.3B+36.7%

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.

Based on trailing twelve months.

The official record: Airbnb’s 10-Q, filed November 7, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Airbnb's free cash flow margin?
Airbnb (ABNB) reported free cash flow margin of 44.2% in Q3 2023.
How has Airbnb's free cash flow margin changed year-over-year?
Airbnb's free cash flow margin increased by 6.7% year-over-year, from 41.4% to 44.2%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.