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Airbnb ABNB Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Gross margin82.9%0.0pp83%-0.1pp83%-0.2pp83.2%+0.2pp83%0.0pp
Operating margin20.5%-0.3pp20.8%-1.9pp22.6%
Net margin19.9%-0.6pp20.5%-1.5pp22%-0.6pp22.7%+0.1pp22.6%-1.3pp
Returns
Return on equity32.3%+2.1pp30.2%-0.5pp30.8%-2.5pp33.3%+1.2pp32.1%+0.1pp
Return on assets9.7%-1.9pp11.6%0.0pp11.6%+1.8pp9.8%-0.4pp10.2%-2.5pp
Efficiency
Asset turnover0.5×-0.1×0.6×0.0×0.5×+0.1×0.4×0.0×0.5×-0.1×
Liquidity
Current ratio1.4×+0.1×1.4×0.0×1.4×+0.2×1.2×0.0×1.3×-0.4×
Quick ratio1.4×+0.1×1.4×0.0×1.4×+0.2×1.2×0.0×1.3×-0.4×
Cash ratio1.1×+0.1×-0.1×+0.1×0.0×-0.3×
Leverage
Debt-to-equity0.3×+0.1×0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×
Debt-to-assets0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×
Per Share
Book value per share$12.56-4.6%$13.16-5.1%$13.86+11.5%$12.43-1.0%$12.56-3.7%
Valuation
Market capitalization$75.71B-8.0%$82.29B+10.7%$74.34B-8.9%$81.56B+9.9%$74.23B-9.6%
Enterprise value$60.66B-14.7%$71.08B+14.8%$61.9B-5.4%$65.4B+9.5%$59.76B-16.6%
Price / earnings30.1×-2.7×32.8×+4.5×28.3×-2.8×31.1×+1.8×29.2×-1.8×
Price / sales-0.7×6.7×+0.5×6.2×-0.8×+0.4×6.6×-0.8×
Price / book9.9×-0.1×10×+1.4×8.6×-1.8×10.5×+1.1×9.4×-0.4×
EV / sales4.8×-1.0×5.8×+0.6×5.2×-0.5×5.6×+0.3×5.3×-1.1×
Earnings yield3.3%+0.3pp3.1%-0.5pp3.5%+0.3pp3.2%-0.2pp3.4%+0.2pp

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Questions, answered.

What are Airbnb's profit margins?
Airbnb (ABNB) runs a 82.9% gross margin and a 20.5% operating margin, with a 19.9% net margin.
Where do Airbnb's ratios come from?
Every ratio is computed from Airbnb's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.