Airbnb, Inc. (ABNB) Key Metrics
ABNB valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $104.01B
- Enterprise value
- $78.62B
- P/E (TTM)
- 39.6 10-yr median 31.4
- Forward P/E
- 25.4
- PEG ratio
- 1.42
- Price / sales
- 7.9 10-yr median 8.4
- Price / book
- 11.3 10-yr median 10.7
- EV / EBITDA
- 27.9 10-yr median 28.1
- Dividend yield
- —
- Beta
- 1.24
ABNB key metrics, 2017–2025
Fiscal year ended December 31, 2025 · U.S. dollarsABNB valuation Price multiples at each fiscal year-end price.
ABNB returns How much profit the business earns on the capital it uses.
ABNB per-share figures Results divided by the shares outstanding at year-end.
ABNB financial health Debt, liquidity and how easily interest is covered.
ABNB efficiency & capital use Working capital cycle and where the cash goes.
ABNB valuation history
ABNB returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ABNB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ABNB cash returned to shareholders
ABNB price vs earnings per share
ABNB key metrics
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Valuation | |||||||||
| Market capitalization | $84.55B | $84.76B | $90.12B | $58.14B | $102.56B | $87.21B | — | — | — |
| Enterprise value | $75.81B | $76.44B | $82.36B | $50.86B | $96.65B | $83.15B | — | — | — |
| P/E ratio | 33.7 | 32.0 | 18.8 | 30.7 | — | — | — | — | — |
| Price / sales | 6.9 | 7.6 | 9.1 | 6.9 | 17.1 | 25.8 | — | — | — |
| Price / book | 10.3 | 10.1 | 11.0 | 10.5 | 21.5 | 30.1 | — | — | — |
| Price / free cash flow | 18.2 | 18.8 | 23.2 | 17.1 | 44.3 | — | — | — | — |
| Price / operating cash flow | 18.2 | 18.8 | 23.2 | 17.0 | 44.3 | — | — | — | — |
| EV / sales | 6.2 | 6.9 | 8.3 | 6.1 | 16.1 | 24.6 | — | — | — |
| EV / EBITDA | 28.1 | 22.5 | 36.9 | 25.8 | 350.2 | — | — | — | — |
| EV / free cash flow | 16.3 | 16.9 | 21.2 | 14.9 | 41.8 | — | — | — | — |
| Earnings yield | 3.0% | 3.1% | 5.3% | 3.3% | −0.3% | −5.3% | — | — | — |
| Free cash flow yield | 5.5% | 5.3% | 4.3% | 5.9% | 2.3% | −0.8% | — | — | — |
| Dividend yield | — | — | — | — | 0.0% | 1.8% | — | — | — |
| Shareholder yield (dividends + buybacks) | 4.5% | 4.0% | 2.5% | 2.6% | 0.2% | 3.5% | — | — | — |
| Share price at fiscal year-end | $135.72 | $131.41 | $136.14 | $85.50 | $166.49 | $146.80 | — | — | — |
| Per share | |||||||||
| Revenue per share | $19.75 | $17.21 | $14.98 | $12.35 | $9.73 | $5.69 | $9.05 | $6.88 | $4.91 |
| Earnings per share | $4.03 | $4.11 | $7.24 | $2.78 | −$0.57 | −$7.72 | −$1.27 | −$0.03 | −$0.13 |
| Operating cash flow per share | $7.46 | $7.00 | $5.87 | $5.04 | $3.75 | −$1.06 | $0.42 | $1.12 | $0.48 |
| Free cash flow per share | $7.46 | $7.00 | $5.87 | $5.01 | $3.75 | −$1.12 | $0.18 | $0.95 | $0.29 |
| Cash per share | $17.68 | $16.45 | $15.21 | $14.15 | $13.51 | $10.76 | $5.79 | $6.27 | — |
| Book value per share | $13.16 | $13.04 | $12.33 | $8.18 | $7.75 | $4.88 | −$1.52 | −$0.97 | — |
| Tangible book value per share | $11.92 | $11.84 | $11.14 | $7.17 | $6.61 | $3.65 | −$2.94 | −$1.57 | — |
| Dividends per share | — | — | — | — | $0.02 | $2.57 | — | — | — |
| Capex per share | $0.05 | $0.00 | $0.07 | $0.04 | $0.04 | $0.06 | $0.24 | $0.17 | $0.19 |
| Debt per share | $3.65 | $3.56 | $3.48 | $3.44 | $3.93 | $3.92 | $0.79 | — | — |
| Shares outstanding | 623.0M | 645.0M | 662.0M | 680.0M | 616.0M | 594.1M | 530.9M | 530.9M | 521.7M |
| Change in shares outstanding | −3.4% | −2.6% | −2.6% | +10.4% | +3.7% | +11.9% | 0.0% | +1.8% | — |
| Returns & profitability | |||||||||
| Return on equity (ROE) | 30.2% | 31.9% | 69.8% | 36.6% | −9.2% | −437.9% | — | — | — |
| Return on invested capital (ROIC) | — | 823.3% | — | — | — | — | — | — | — |
| Return on assets (ROA) | 11.6% | 12.7% | 26.1% | 12.7% | −2.9% | −48.8% | −9.0% | −0.3% | — |
| Return on tangible assets | 11.7% | 13.1% | 24.1% | 12.3% | −2.7% | −47.0% | −8.9% | −0.3% | — |
| Free cash flow margin | 37.8% | 40.7% | 39.2% | 40.5% | 38.6% | −19.7% | 2.0% | 13.8% | 5.9% |
| Income quality (OCF / net income) | 1.85 | 1.71 | 0.81 | 1.81 | — | — | — | — | — |
| Financial health | |||||||||
| Total debt | $2.27B | $2.29B | $2.30B | $2.34B | $2.42B | $2.33B | $419.4M | — | — |
| Cash & short-term investments | $11.01B | $10.61B | $10.07B | $9.62B | $8.32B | $6.39B | $3.07B | $3.33B | — |
| Net debt | −$8.74B | −$8.32B | −$7.77B | −$7.28B | −$5.90B | −$4.06B | −$2.65B | −$3.33B | — |
| Debt / equity | 0.28 | 0.27 | 0.28 | 0.42 | 0.51 | 0.80 | — | — | — |
| Debt / assets | 0.10 | 0.11 | 0.11 | 0.15 | 0.18 | 0.22 | 0.05 | — | — |
| Net debt / EBITDA | −3.24 | −2.45 | −3.48 | −3.69 | −21.39 | — | — | −21.40 | — |
| Current ratio | 1.38 | 1.69 | 1.66 | 1.86 | 1.95 | 1.73 | 1.25 | 1.57 | — |
| Quick ratio | 1.38 | 1.69 | 1.12 | 1.86 | 1.95 | 1.73 | 1.25 | 1.57 | — |
| Interest coverage | — | — | 18.3 | 75.1 | 1.0 | -20.9 | -50.3 | 0.7 | -5.0 |
| Working capital | $5.15B | $7.02B | $6.56B | $6.88B | $6.03B | $3.78B | $1.33B | $2.14B | — |
| Invested capital | −$544.0M | $95.0M | $398.0M | −$1.72B | −$1.13B | −$1.16B | −$3.46B | −$3.85B | — |
| Tangible asset value | $7.43B | $7.63B | $7.37B | $4.88B | $4.07B | $2.17B | −$1.56B | −$835.9M | — |
| Net current asset value | $4.79B | $4.63B | $4.03B | $4.38B | $3.45B | $1.33B | −$2.56B | −$1.26B | — |
| Graham number | $34.55 | $34.71 | $44.82 | $22.63 | — | — | — | — | — |
| Graham net-net per share | $3.79 | $4.07 | $7.28 | $4.24 | $3.54 | $0.76 | −$6.94 | −$3.90 | — |
| Capital allocation | |||||||||
| Dividends paid | — | — | — | — | $11.2M | $1.53B | — | — | — |
| Share buybacks (net) | $3.79B | $3.43B | $2.25B | $1.50B | $177.0M | $1.53B | — | — | — |
| Dividends + buybacks / free cash flow | 81.6% | 75.9% | 58.0% | 44.1% | 8.1% | — | — | — | — |
| Capex / revenue | 0.3% | 0.0% | 0.5% | 0.3% | 0.4% | 1.1% | 2.6% | 2.5% | 3.9% |
| Capex / operating cash flow | 0.7% | 0.0% | 1.2% | 0.7% | 1.1% | — | 56.3% | 15.2% | 39.9% |
| Capex / depreciation | 0.36 | 0.00 | 1.07 | 0.31 | 0.14 | 0.30 | 1.10 | 1.10 | 1.26 |
| Stock-based compensation / revenue | 12.9% | 12.7% | 11.3% | 11.1% | 15.0% | 88.9% | 2.0% | 1.5% | 1.5% |
| R&D / revenue | 19.1% | 18.5% | 17.4% | 17.9% | 23.8% | 81.5% | 20.3% | 15.9% | 15.6% |
| SG&A / revenue | 31.9% | 30.0% | 38.2% | 29.4% | 33.7% | 68.4% | 48.3% | 43.3% | 46.8% |
| Efficiency | |||||||||
| Days sales outstanding | 196.1 | 199.8 | 203.5 | 189.0 | 179.6 | 287.8 | 207.0 | 230.4 | — |
| Days of inventory on hand | — | — | 1,146.9 | — | 7.7 | 7.1 | 0.0 | — | — |
| Days payables outstanding | 20.0 | 27.5 | 29.8 | 31.0 | 31.2 | 48.2 | 33.9 | 29.8 | — |
| Cash conversion cycle (days) | 176.1 | 172.3 | 1,320.6 | 158.0 | 156.0 | 246.7 | 173.2 | 200.5 | — |
| Receivables turnover | 1.86 | 1.83 | 1.79 | 1.93 | 2.03 | 1.27 | 1.76 | 1.58 | — |
| Payables turnover | 18.25 | 13.27 | 12.25 | 11.76 | 11.68 | 7.57 | 10.78 | 12.23 | — |
| Inventory turnover | — | — | 0.32 | — | 47.56 | 51.59 | 10,402.72 | — | — |
| Asset turnover | 0.57 | 0.53 | 0.54 | 0.56 | 0.50 | 0.36 | 0.64 | 0.55 | — |
| Average receivables | $6.61B | $6.08B | $5.53B | $4.35B | $2.95B | $2.66B | $2.73B | $2.31B | — |
| Average payables | $187.0M | $141.5M | $139.0M | $127.5M | $98.9M | $115.7M | $111.0M | $70.6M | — |
| Average inventory | — | — | $5.35B | — | $24.3M | $17.0M | $115,000 | — | — |
| Intangibles / total assets | 3.5% | 3.7% | 3.8% | 4.3% | 5.1% | 7.0% | 9.1% | 4.8% | — |
Computed from ABNB's annual financial statements (latest annual report filed February 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ABNB valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Airbnb traded at 33.7 times earnings, against a 9-year median of 31.4. Based on the latest twelve months, the trailing P/E is 39.6 and the forward P/E is 25.4. Airbnb earned a return on equity of 30.2% in fiscal 2025. It ended the year with $2.3 billion of debt and $11.0 billion in cash and short-term investments, a net cash position of $8.7 billion. It returned $3.8 billion to shareholders: $0 in dividends and $3.8 billion in share buybacks, 82% of free cash flow. The share count rose 19.4% from 521.7M to 623.0M over 8 years.
See the ABNB income statement, the ABNB chart for price history, or the ABNB stock overview for the latest quote and news.
ABNB key metrics FAQ
What is Airbnb's P/E ratio?
Airbnb's trailing P/E ratio is 39.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 25.4. At the end of fiscal 2025 it was 33.7, compared with a 9-year median of 31.4.
What is Airbnb's EV/EBITDA?
Airbnb's enterprise value was 28.1 times EBITDA at the end of fiscal 2025 (enterprise value $75.8 billion, EBITDA $2.7 billion); the current EV/EBITDA is 27.9.
What is Airbnb's return on equity?
Airbnb's return on equity (ROE) was 30.2% in fiscal 2025: net income of $2.5 billion on average shareholders' equity of $8.3 billion.
How much debt does Airbnb have?
Airbnb had total debt of $2.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.28 and more cash than debt.
Does Airbnb buy back its shares?
Yes. Airbnb spent $3.8 billion on net share repurchases in fiscal 2025 Shares outstanding changed −3.4% over the year, to 623.0M..
What is Airbnb's free cash flow yield?
Airbnb generated $4.6 billion of free cash flow in fiscal 2025, a free cash flow yield of 5.5% on its market value at year-end ($84.6 billion).
What is Airbnb's current ratio?
Airbnb's current ratio was 1.38 at the end of fiscal 2025: current assets were 1.38 times current liabilities.