Airbnb runs an online marketplace that connects people who want to rent out homes and unique places with travellers looking for stays and experiences. Hosts set their own prices and rules, while the company handles search, payments, reviews and customer support. It earns money by charging service fees to guests and hosts on each booking, so its revenue follows travel demand and the number of nights booked on the platform.
Revenue over the last twelve months came to $13.2 billion, and sales grew by 13.4% a year on average across the past three years. Operating margin is 20.8%. Net debt to EBITDA is -3.5 times, which means it holds more cash than debt. The company does not pay a dividend. The X-Ray Score is 51 out of 100. These figures describe past results and the present financial position only.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
52-wk range $110.81 – $193.45Volume 4,755,300Daily, split-adjusted
Vitals
Market cap$103.7B
52-week range$110.81 – $193.45
Volume (last day)4,755,300
P/E (TTM)39.5
EBIT / EV yield2.9%
Free-cash-flow yield–
Dividend yieldNo dividend
Revenue (TTM)$13.2B
Net income (TTM)$2.7B
Operating margin20.8%
Return on capital–
Debt incl. leases$2.5B
Cash & securities$12.1B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$143model spread $121 – $157
Fair−17.7% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
ValuationWeak
17/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.9%
Fair value vs price0.8×
GrowthStrong
79/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)13.4%
Growth consistency100%
ProfitabilityFair
52/100
Returns on capital are typical for its sector.
See the numbers →
Operating margin20.8%
Gross profitability37.9%
Financial healthFair
67/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA-3.5×
Interest coverNo interest cost
DividendsNone
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+6.1%Mar '25
+12.7%Jun '25
+9.7%Sep '25
+12.0%Dec '25
+17.9%Mar '26
+16.5%Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $3.6B.
Other Hotels, Resorts & Cruise Lines companies by X-Ray Score.
Fundamentals checklist
● 7 Good · ● 2 Average · ● 3 Bad
Cash quality
Earnings backed by cashGood
Risk models
Altman Z''Average
Piotroski F-ScoreAverage
Growth
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Operating marginGood
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 61/100.
Financials
FY21
FY22
FY23
FY24
FY25
Revenue
$6.0B
$8.4B
$9.9B
$11.1B
$12.2B
Operating income
$429M
$1.8B
$1.5B
$2.6B
$2.5B
Net income
−$352M
$1.9B
$4.8B
$2.6B
$2.5B
Operating cash flow
$2.3B
$3.4B
$3.9B
$4.5B
$4.6B
Operating margin
7.2%
21.5%
15.3%
23.0%
20.8%
Free cash flow
$2.3B
$3.4B
–
–
–
Diluted EPS
–
–
–
–
–
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
10 bullish · 1 neutral · 1 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
SMA 10
165.8
Bullish
EMA 10
167.1
Bullish
SMA 20
162.1
Bullish
EMA 20
165.9
Bullish
SMA 50
172.8
Bullish
EMA 50
165.2
Bullish
SMA 100
157.7
Bullish
EMA 100
159.2
Bullish
SMA 200
145.0
Bullish
EMA 200
149.9
Bullish
Oscillators (daily)
RSI (14)
60.93
Neutral
MACD (12, 26)
0.52
Bullish
Momentum (12)
8.12
Bullish
Stochastic %K (14)
85.91
Bearish
Williams %R (14)
-14.09
Bearish
CCI (20)
185.0
Bearish
Pivot points (classic, last session)
S3
165.7
S2
168.6
S1
171.2
Pivot
174.1
R1
176.6
R2
179.5
R3
182.0
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.