What is Airbnb's net debt / EBITDA?

Airbnb (ABNB) reported net debt / EBITDA of -5.6× in Q1 2025.

What does net debt / EBITDA mean?

How many years of operating earnings it would take to pay off the company's net debt.

How do you interpret net debt / EBITDA?

Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.

How does net debt / EBITDA compare across companies?

A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.

Airbnb ABNB Net debt / EBITDA

Net debt / EBITDA at other companies

Royal Caribbean GroupRCL

0×-0.1×

Host Hotels & ResortsHST

2.3×-0.7×

Booking Holdings Inc.BKNG

0.3×+0.2×

Expedia Group, Inc.EXPE

-0.3×-0.6×

Hyatt HotelsH

6.3×+4.5×

Hilton WorldwideHLT

4.2×-0.5×

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$1.7B-4.5%

Valuation

See full

Market cap$83.41B+2.0%

Enterprise value$68.36B+1.5%

P/E33.1×+0.9×

P/S6.6×-0.7×

Profitability

See full

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.

net debt/ebitda=-5.6×

Based on the most recent quarter.

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

Ask your AI about Airbnb's net debt / ebitda.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Airbnb's net debt / EBITDA?: Airbnb (ABNB) reported net debt / EBITDA of -5.6× in Q1 2025.
What does net debt / EBITDA mean?: How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?: Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?: A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.