Airbnb (ABNB)
NASDAQ:ABNB
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Airbnb
(NASDAQ:ABNB)
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Rating:68Neutral
Price Target:
$138.00
▲(7.01% Upside)
Action:ReiteratedDate:03/17/26
Airbnb's overall stock score of 68 is driven primarily by strong financial performance, with high margins and cash flow generation as key strengths. Positive earnings call guidance and product initiatives provide additional support, though tempered by neutral technical indicators and a high P/E ratio suggesting potential overvaluation.
Positive Factors
Strong free cash flow generation
Sustained, sizable free cash flow (~$4.6B in 2025) provides durable funding for buybacks, product investment, and debt servicing. Consistent FCF that tracks earnings improves resilience through cycles, supports capital allocation optionality, and reduces reliance on external financing over the next 2–6 months.
Negative Factors
Volatile revenue growth profile
An inconsistent growth pattern reduces predictability for cash flows and makes planning capital allocation harder. Large year-to-year swings imply some growth elements may be timing-driven or nonrecurring, limiting visibility into sustainable top-line expansion over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Sustained, sizable free cash flow (~$4.6B in 2025) provides durable funding for buybacks, product investment, and debt servicing. Consistent FCF that tracks earnings improves resilience through cycles, supports capital allocation optionality, and reduces reliance on external financing over the next 2–6 months.
Read all positive factors
Airbnb (ABNB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$78.62B
Dividend YieldN/A
Average Volume (3M)3.63M
Price to Earnings (P/E)33.1
Beta (1Y)1.23
Revenue Growth10.84%
EPS Growth-2.16%
CountryUS
Employees7,300
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Services
Share Statistics
EPS (TTM)0.56
Shares Outstanding423,573,270
10 Day Avg. Volume2,960,537
30 Day Avg. Volume3,629,436
Financial Highlights & Ratios
PEG Ratio-15.43
Price to Book (P/B)10.15
Price to Sales (P/S)6.80
P/FCF Ratio17.91
Enterprise Value/Market Cap0.93
Enterprise Value/Revenue5.95
Enterprise Value/Gross Profit7.17
Enterprise Value/Ebitda28.62
Forecast
1Y Price Target
$147.91Price Target Upside14.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering27
EPS Forecast (FY)4.96
Revenue Forecast (FY)$13.71B
Airbnb Business Overview & Revenue Model
Company Description
Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and ...
How the Company Makes Money
Airbnb primarily makes money by charging fees related to bookings made on its platform. The company’s core revenue stream is service fees assessed on accommodation reservations (and, where applicable, other booked offerings such as experiences). T...
Airbnb Key Performance Indicators (KPIs)
Any
Gross Booking Value
Reflects the total dollar amount of all bookings on the platform, indicating the overall demand and popularity of Airbnb's offerings and its ability to capture market share in the travel industry.
Reflects the total dollar amount of all bookings on the platform, indicating the overall demand and popularity of Airbnb's offerings and its ability to capture market share in the travel industry.
Data provided by:
The Fly
The FlyAirbnb Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call emphasized stronger momentum across product, pricing and supply initiatives that drove double-digit revenue and GBV growth in Q4, solid profitability and exceptional free cash flow generation. Key product moves (Reserve Now, Pay Later; simplified fees; Project Hawaii) and AI support for customer service and engineering were highlighted as durable growth levers. Near-term headwinds include a modest rise in cancellations from the new pay-later product, regional variability (APAC moderation), a one-time tax hit in Q4, and the fact that hotel inventory remains a small portion of nights today. Management provided confident 2026 guidance (Q1 revenue growth 14%–16%, full-year target of low double-digit acceleration) and reiterated stable margins, buybacks and balance sheet strength. Overall, the highlights materially outweigh the lowlights.Positive Updates
Revenue and Gross Booking Value Growth
Q4 revenue grew 12% year-over-year to $2.8 billion and gross booking value (GBV) grew 16% year-over-year to $20.4 billion — Airbnb's strongest quarter of growth in over two years.
Negative Updates
Net Income Impacted by One-Time Tax
Q4 net income was $341 million and was negatively impacted by approximately $90 million of one-time non-income tax items, contributing to a 2025 effective tax rate of ~20% (expected to fall to mid‑high teens in 2026 due to new legislation).
Read all updates
Q4-2025 Updates
Positive
Negative
Revenue and Gross Booking Value Growth
Q4 revenue grew 12% year-over-year to $2.8 billion and gross booking value (GBV) grew 16% year-over-year to $20.4 billion — Airbnb's strongest quarter of growth in over two years.
Read all positive updates
Company Guidance
Airbnb guided Q1 2026 revenue of $2.59–$2.63 billion, up 14–16% year‑over‑year, with gross booking value expected to rise in the low‑teens, nights and seats booked up in the high‑single‑digits and a moderate ADR increase (Q1 includes an approximate 3‑point FX tailwind after hedging); they expect Q1 adjusted EBITDA margin to be roughly flat year‑over‑year and reiterated full‑year 2026 revenue growth accelerating to at least low double‑digits with adjusted EBITDA margin stable year‑over‑year, while noting FX tailwinds should fade as the year progresses, Easter timing will add ~50 bps to Q1 (and subtract ~50 bps from Q2), and no material AI upside is baked into the outlook.Airbnb Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.24B | 11.10B | 9.92B | 8.40B | 5.99B |
| Gross Profit | 10.15B | 9.22B | 8.21B | 6.90B | 4.84B |
| EBITDA | 2.54B | 2.62B | 1.56B | 1.97B | 276.00M |
| Net Income | 2.51B | 2.65B | 4.79B | 1.89B | -352.00M |
Balance Sheet | |||||
| Total Assets | 22.21B | 20.96B | 20.64B | 16.04B | 13.71B |
| Cash, Cash Equivalents and Short-Term Investments | 11.01B | 10.61B | 10.07B | 9.62B | 8.32B |
| Total Debt | 2.07B | 2.29B | 2.30B | 2.34B | 2.42B |
| Total Liabilities | 14.01B | 12.55B | 12.48B | 10.48B | 8.93B |
| Stockholders Equity | 8.20B | 8.41B | 8.16B | 5.56B | 4.78B |
Cash Flow | |||||
| Free Cash Flow | 4.65B | 4.52B | 3.88B | 3.40B | 2.31B |
| Operating Cash Flow | 4.65B | 4.52B | 3.88B | 3.43B | 2.31B |
| Investing Cash Flow | -748.00M | -616.00M | -1.04B | -28.00M | -1.35B |
| Financing Cash Flow | -3.83B | -3.57B | -2.43B | -689.00M | 1.31B |
Airbnb Technical Analysis
Positive
128.96
Price Trends
128.01
Positive
128.44
Positive
128.02
Positive
Market Momentum
-0.49
Negative
50.73
Neutral
64.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ABNB, the sentiment is Positive. The current price of 128.96 is above the 20-day moving average (MA) of 128.31, above the 50-day MA of 128.01, and above the 200-day MA of 128.02, indicating a bullish trend. The MACD of -0.49 indicates Negative momentum. The RSI at 50.73 is Neutral, neither overbought nor oversold. The STOCH value of 64.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ABNB.
Airbnb Risk Analysis
Airbnb disclosed 53 risk factors in its most recent earnings report. Airbnb reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Airbnb Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $33.82B | 10.21 | 20.98% | 0.39% | 17.34% | 91.50% | |
69 Neutral | $139.84B | 32.16 | -93.64% | 0.71% | 13.39% | -4.72% | |
68 Neutral | $78.62B | 33.13 | 30.88% | ― | 10.84% | -2.16% | |
64 Neutral | $27.95B | 27.45 | 114.29% | 0.56% | 7.61% | 9.99% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | $1.25B | 45.50 | 6.10% | ― | 3.05% | 890.32% | |
50 Neutral | $3.88B | 276.78 | 31.18% | ― | 11.07% | -76.51% |
* Consumer Cyclical Sector Average
ABNB
Airbnb
128.96
15.74
13.90%
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BKNG
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TRIP
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Airbnb Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Airbnb Refinances Convertible Debt With New Senior Notes
Positive
Mar 16, 2026
On March 12, 2026, Airbnb, Inc. entered an underwriting agreement with major investment banks to issue $2.5 billion of senior unsecured notes across three tranches maturing in 2029, 2031 and 2036, with coupons ranging from 4.400% to 5.250%. The no...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.