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Airbnb ABNB Operating margin

Operating margin at other companies

Royal Caribbean Group logo
Royal Caribbean GroupRCL
27.9%+2.2pp
Marriott International logo
Marriott InternationalMAR
16%+0.9pp
Host Hotels & Resorts logo
Host Hotels & ResortsHST
14.4%-0.5pp
Booking Holdings Inc. logo
Booking Holdings Inc.BKNG
32.6%+0.1pp
Expedia Group, Inc. logo
Expedia Group, Inc.EXPE
14.4%+4.6pp
Hilton Worldwide logo
Hilton WorldwideHLT
23.1%+2.1pp

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%

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
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 May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Airbnb's operating margin?
Airbnb (ABNB) reported operating margin of 20.5% in Q1 2026.
How has Airbnb's operating margin changed year-over-year?
Airbnb's operating margin decreased by 7.6% year-over-year, from 22.2% to 20.5%.
What is the long-term trend for Airbnb's operating margin?
Over 2 years (2021 to 2025), Airbnb's operating margin has grown at a -37.4% compound annual growth rate (CAGR), from -224.8% to 88.1%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.