Airbnb ABNB Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 332.1%+0.3pp | 332.3%+0.7pp | 332.4%+1.0pp | 332.4%+1.5pp | 331.8%+1.1pp | |
| Operating margin | 86.4%— | 88.1%— | 90.3%— | —— | —— | |
| Net margin | 85.1%-30.9pp | 87.8%-57.3pp | 91.1%-81.9pp | 89.3%-120pp | 116.1%-69.6pp | |
| Returns | ||||||
| Return on equity | 126.6%-41.8pp | 126.3%-90.2pp | 128%-131pp | 122.1%-187pp | 168.4%-106pp | |
| Return on assets | 42.8%-12.0pp | 43.3%-25.0pp | 44.4%-39.2pp | 42.8%-59.9pp | 54.9%-37.4pp | |
| Efficiency | ||||||
| Asset turnover | 2×+0.1× | 2×0.0× | 1.9×0.0× | 1.9×0.0× | 1.9×0.0× | |
| Liquidity | ||||||
| Current ratio | 5.4×-0.5× | 5.3×-0.9× | 5.6×-0.5× | 5.8×-0.5× | 6×-0.4× | |
| Quick ratio | 5.4×-0.5× | 5.3×-0.9× | 5.6×-0.5× | 5.8×-0.5× | 6×-0.4× | |
| Cash ratio | 4.1×-0.6× | 4×-0.8× | 4.3×-0.6× | 4.5×-0.5× | 4.7×-0.5× | |
| Leverage | ||||||
| Debt-to-equity | 1.2×+0.1× | 1.1×0.0× | 1.1×0.0× | 1.1×0.0× | 1.1×-0.2× | |
| Debt-to-assets | 0.4×0.0× | 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 / earnings | 122.2×+6.7× | 121.3×+15.2× | 119.6×+27.5× | 128×+56.6× | 115.5×+27.4× | |
| Price / sales | 26×-4.6× | 26.6×-7.6× | 27.3×-8.4× | 28.4×-8.9× | 30.6×-6.5× | |
| Price / book | 39.1×-1.5× | 38.5×-6.1× | 38.2×-7.3× | 39×-6.6× | 40.6×-9.0× | |
| EV / sales | 21.4×-4.3× | 22×-7.3× | 22.6×-8.0× | 23.7×-8.5× | 25.7×-6.1× | |
| Earnings yield | 13.1%-1.6pp | 13.2%-3.1pp | 13.4%-5.6pp | 12.6%-10.0pp | 14.8%-5.2pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
