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Airbnb ABNB Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Gross margin332.1%+0.3pp332.3%+0.7pp332.4%+1.0pp332.4%+1.5pp331.8%+1.1pp
Operating margin86.4%88.1%90.3%
Net margin85.1%-30.9pp87.8%-57.3pp91.1%-81.9pp89.3%-120pp116.1%-69.6pp
Returns
Return on equity126.6%-41.8pp126.3%-90.2pp128%-131pp122.1%-187pp168.4%-106pp
Return on assets42.8%-12.0pp43.3%-25.0pp44.4%-39.2pp42.8%-59.9pp54.9%-37.4pp
Efficiency
Asset turnover+0.1×0.0×1.9×0.0×1.9×0.0×1.9×0.0×
Liquidity
Current ratio5.4×-0.5×5.3×-0.9×5.6×-0.5×5.8×-0.5×-0.4×
Quick ratio5.4×-0.5×5.3×-0.9×5.6×-0.5×5.8×-0.5×-0.4×
Cash ratio4.1×-0.6×-0.8×4.3×-0.6×4.5×-0.5×4.7×-0.5×
Leverage
Debt-to-equity1.2×+0.1×1.1×0.0×1.1×0.0×1.1×0.0×1.1×-0.2×
Debt-to-assets0.4×0.0×0.4×0.0×0.4×0.0×0.4×0.0×0.4×0.0×
Per Share
Book value per share$52.02+1.7%$52.02+2.7%$51.90+3.9%$51.25+1.4%$51.15+11.6%
Valuation
Market capitalization$313.9B-5.7%$312.42B-14.1%$312.23B-15.4%$318.09B-15.5%$332.79B-7.8%
Enterprise value$259.04B-7.5%$258.14B-17.1%$258.7B-18.3%$265.05B-18.2%$279.99B-9.6%
Price / earnings122.2×+6.7×121.3×+15.2×119.6×+27.5×128×+56.6×115.5×+27.4×
Price / sales26×-4.6×26.6×-7.6×27.3×-8.4×28.4×-8.9×30.6×-6.5×
Price / book39.1×-1.5×38.5×-6.1×38.2×-7.3×39×-6.6×40.6×-9.0×
EV / sales21.4×-4.3×22×-7.3×22.6×-8.0×23.7×-8.5×25.7×-6.1×
Earnings yield13.1%-1.6pp13.2%-3.1pp13.4%-5.6pp12.6%-10.0pp14.8%-5.2pp

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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.