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Airbnb
(NASDAQ:ABNB)
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Rating:75Outperform
Price Target:
$169.00
▲(19.77% Upside)
Action:Reiterated
Date:06/12/26
ABNB scores well on fundamentals—strong margins, strong free cash flow, and a solid balance sheet—supported by a positive earnings call with raised guidance and continued operating momentum. The overall score is held back by weak near-term technicals and a relatively rich valuation (P/E ~30.7) given the recent TTM growth slowdown and lack of dividend yield.
Positive Factors
Cash generation & balance sheet
Airbnb's strong recurring cash generation and near-zero reported debt provide durable financial flexibility. High FCF funds reinvestment in product, buybacks, and capital allocation while low leverage reduces refinancing risk and supports margin resilience across economic cycles.
Negative Factors
Revenue growth deceleration
A marked slowdown in trailing revenue growth reduces operating leverage and constrains margin expansion. If recovery in nights/ADR is uneven, management may need to sustain higher reinvestment or accept slower profitability improvements, limiting upside over the 2–6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation & balance sheet
Airbnb's strong recurring cash generation and near-zero reported debt provide durable financial flexibility. High FCF funds reinvestment in product, buybacks, and capital allocation while low leverage reduces refinancing risk and supports margin resilience across economic cycles.
Read all positive factors
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 (ABNB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$91.32B
Dividend YieldN/A
Average Volume (3M)3.49M
Price to Earnings (P/E)36.8
Beta (1Y)1.29
Revenue Growth13.18%
EPS Growth2.35%
CountryUS
Employees8,200
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Services
Share Statistics
EPS (TTM)4.12
Shares Outstanding417,930,240
10 Day Avg. Volume3,371,346
30 Day Avg. Volume3,486,052
Financial Highlights & Ratios
PEG Ratio-15.41
Price to Book (P/B)10.15
Price to Sales (P/S)6.80
P/FCF Ratio17.91
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$160.19Price Target Upside13.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering32
EPS Forecast (FY)5.12
Revenue Forecast (FY)$13.96B
Airbnb Business Overview & Revenue Model
Company Description
Airbnb, Inc., along with its affiliated entities, manages a global digital marketplace. This platform seamlessly connects individuals, known as hosts, who wish to offer a variety of accommodations and unique local experiences, with guests seeking ...
How the Company Makes Money
Airbnb primarily makes money by charging service fees on bookings made through its platform. The company’s largest revenue stream comes from Stays bookings, where Airbnb typically earns a fee from guests (a percentage of the booking subtotal) and ...
Airbnb Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call communicated broad and measurable momentum across core metrics (revenue +18%, GBV +19%, adjusted EBITDA +24%, strong FCF) driven by product initiatives (Reserve Now, Pay Later), AI efficiency gains, event-driven supply boosts, and international expansion. Management raised full-year guidance and signaled continued reinvestment behind marketing, international growth and AI. Key near-term headwinds include conflict-driven cancellations (~100 bps impact on nights), an approximately $70 million one-time tax adjustment, higher cancellations and cash-timing effects from RNPL, and FX/ADR variability. On balance, positive operational progress and the guidance raise outweigh the identifiable challenges.Positive Updates
Revenue and GBV Beat Expectations
Revenue grew 18% year-over-year to $2.7 billion, exceeding the high end of guidance. Gross booking value (GBV) grew 19% year-over-year to $29 billion with consistent sequential acceleration over the last four quarters.
Negative Updates
Geopolitical Headwinds and Cancellations
Conflict in the Middle East created an approximate 100 basis point headwind to Nights and Seats Booked and caused cancellation-related deceleration in March; management expects a similar ~100 bps headwind to nights growth in Q2.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue and GBV Beat Expectations
Revenue grew 18% year-over-year to $2.7 billion, exceeding the high end of guidance. Gross booking value (GBV) grew 19% year-over-year to $29 billion with consistent sequential acceleration over the last four quarters.
Read all positive updates
Company Guidance
Airbnb raised its 2026 outlook: for Q2 it expects revenue of $3.54–$3.60 billion (up 14–16% year‑over‑year) including an approximate 3% FX tailwind after hedging, GBV to grow in the low double‑digits, a moderate increase in ADR (with a significantly lower FX tailwind to ADR than Q1), and a slight deceleration in Nights & Seats Booked versus Q1’s 9% (assuming an approximate 100 bps headwind from the Middle East conflict); management also expects adjusted EBITDA and adjusted EBITDA margin to be up year‑over‑year in Q2. For full‑year 2026 the company now expects revenue growth to accelerate to the low‑to‑mid‑teens and adjusted EBITDA margin to be at least 35%, while continuing to reinvest in efficient marketing, international expansion and AI and capture modest take‑rate upside from fee‑simplification and insurance.Airbnb Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.65B | 12.24B | 11.10B | 9.92B | 8.40B | 5.99B |
| Gross Profit | 10.49B | 10.15B | 9.22B | 8.21B | 6.90B | 4.84B |
| EBITDA | 3.00B | 3.14B | 3.40B | 2.23B | 1.97B | 276.00M |
| Net Income | 2.52B | 2.51B | 2.65B | 4.79B | 1.89B | -352.00M |
Balance Sheet | ||||||
| Total Assets | 26.83B | 22.21B | 20.96B | 20.64B | 16.04B | 13.71B |
| Cash, Cash Equivalents and Short-Term Investments | 12.06B | 11.01B | 10.61B | 10.07B | 9.62B | 8.32B |
| Total Debt | 2.53B | 2.27B | 2.29B | 2.30B | 2.34B | 2.42B |
| Total Liabilities | 19.19B | 14.01B | 12.55B | 12.48B | 10.48B | 8.93B |
| Stockholders Equity | 7.64B | 8.20B | 8.41B | 8.16B | 5.56B | 4.78B |
Cash Flow | ||||||
| Free Cash Flow | 4.55B | 4.65B | 4.52B | 3.88B | 3.40B | 2.31B |
| Operating Cash Flow | 4.57B | 4.65B | 4.52B | 3.88B | 3.43B | 2.31B |
| Investing Cash Flow | -1.06B | -748.00M | -616.00M | -1.04B | -28.00M | -1.35B |
| Financing Cash Flow | -3.00B | -3.83B | -3.57B | -2.43B | -689.00M | 1.31B |
Airbnb Technical Analysis
Positive
141.10
Price Trends
141.49
Positive
137.74
Positive
132.69
Positive
Market Momentum
2.33
Negative
58.05
Neutral
75.52
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 141.1 is below the 20-day moving average (MA) of 146.86, below the 50-day MA of 141.49, and above the 200-day MA of 132.69, indicating a bullish trend. The MACD of 2.33 indicates Negative momentum. The RSI at 58.05 is Neutral, neither overbought nor oversold. The STOCH value of 75.52 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 54 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $91.32B | 36.78 | 31.24% | ― | 13.18% | 2.35% | |
74 Outperform | $35.38B | 24.58 | 147.58% | 0.68% | 10.01% | 33.63% | |
73 Outperform | $30.35B | 6.56 | 19.31% | ― | 19.28% | 87.04% | |
66 Neutral | $149.47B | 25.30 | -95.80% | 0.91% | 14.95% | 17.45% | |
62 Neutral | $5.36B | 114.61 | -38.21% | ― | 6.71% | -41.74% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | $1.65B | 101.18 | 2.86% | ― | 2.03% | -64.68% |
* Consumer Cyclical Sector Average
ABNB
Airbnb
150.64
20.68
15.91%
TCOM
Trip.com Group Sponsored ADR
47.30
-13.87
-22.67%
EXPE
Expedia
298.03
117.61
65.19%
MMYT
Makemytrip
61.78
-30.96
-33.38%
BKNG
Booking Holdings
192.71
-23.77
-10.98%
TRIP
TripAdvisor
14.50
-1.73
-10.66%
Airbnb Corporate Events
Executive/Board ChangesShareholder Meetings
Airbnb Shareholders Reaffirm Board, Auditor and Executive Pay
Positive
Jun 11, 2026
As of the June 5, 2026 annual meeting, Airbnb shareholders re-elected Nathan Blecharczyk, Alfred Lin and James Manyika to three-year board terms and ratified PricewaterhouseCoopers LLP as auditor for fiscal 2026, while also backing executive pay f...
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.