Want to see ABNB full AI Analyst Report?
Top Page
Airbnb
(NASDAQ:ABNB)
Select Model
Select Model
Rating:73Outperform
Price Target:
$167.00
▼(-12.34% Downside)
Action:Reiterated
Date:09/24/26
ABNB scores well overall on strong financial performance (high margins and exceptional cash generation) and an upbeat earnings outlook with raised guidance and robust operating momentum. The main constraint on the score is weak near-term technicals (price below key moving averages with bearish momentum), while valuation remains somewhat premium given the ~33.8 P/E and no dividend yield provided.
Positive Factors
Exceptional cash generation
Airbnb’s strong operating and free cash flow provides internally generated funding for product investment, expansion, and shareholder returns. FCF closely tracking net income also supports earnings quality, while the large absolute cash base improves resilience across changing travel conditions.
Negative Factors
Recent revenue growth has slowed
Although Airbnb has delivered substantial multi-year expansion, slower recent revenue growth indicates that maintaining prior momentum may become more difficult as the business gets larger. A decelerating top line can constrain operating leverage and raise the execution burden for newer growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional cash generation
Airbnb’s strong operating and free cash flow provides internally generated funding for product investment, expansion, and shareholder returns. FCF closely tracking net income also supports earnings quality, while the large absolute cash base improves resilience across changing travel conditions.
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
$99.32B
Dividend YieldN/A
Average Volume (3M)4.64M
Price to Earnings (P/E)37.5
Beta (1Y)1.40
Revenue Growth14.20%
EPS Growth6.18%
CountryUS
Employees8,200
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Services
Share Statistics
EPS (TTM)4.42
Shares Outstanding419,529,540
10 Day Avg. Volume4,019,147
30 Day Avg. Volume4,636,963
Financial Highlights & Ratios
PEG Ratio-15.41
Price to Book (P/B)10.15
Price to Sales (P/S)6.76
P/FCF Ratio17.91
Enterprise Value/Market Cap0.76
Enterprise Value/Revenue5.75
Enterprise Value/Gross Profit7.37
Enterprise Value/Ebitda25.15
Forecast
1Y Price Target
$188.61Price Target Upside-0.99% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering34
EPS Forecast (FY)5.31
Revenue Forecast (FY)$14.18B
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 makes money primarily by charging fees on transactions completed through its platform. The company’s largest revenue stream comes from its Stays business, where it collects service fees tied to the booking value (typically the nightly rate ...
Airbnb Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call conveyed strong, broad-based operational and financial momentum—healthy top-line growth (revenue +17%, GBV +16%), improved profitability (adjusted EBITDA margin expansion and raised full-year targets), robust cash generation ($1.3B FCF in Q2; $4.8B LTM) and successful early traction in hotels and ancillary services. AI-driven product acceleration and measurable efficiency gains (customer support cost -16% per booking) underpin the optimism. Near-term caveats include RNPL timing effects on fee recognition, elevated AI/investment spending that pressures Q3 margins slightly, and the fact that newer product lines (experiences, many services) remain early-stage. Overall, positives materially outweigh the challenges, supporting an optimistic outlook.Positive Updates
Top-line and booking volume growth
Revenue grew 17% year-over-year to $3.6 billion in Q2 2026; Gross Booking Value (GBV) grew 16% year-over-year to $27.2 billion. Nights and seats booked increased 10% year-over-year, with nights booked on the app up 23% year-over-year and now representing 64% of total nights (vs. 59% a year ago).
Negative Updates
Impact and uncertainty from Middle East conflict
Management noted ongoing conflict in the Middle East; although the Q2 impact to business was less than anticipated, the company is not assuming significant impact in Q3 and flagged geopolitical risk as a contextual headwind.
Read all updates
Q2-2026 Updates
Positive
Negative
Top-line and booking volume growth
Revenue grew 17% year-over-year to $3.6 billion in Q2 2026; Gross Booking Value (GBV) grew 16% year-over-year to $27.2 billion. Nights and seats booked increased 10% year-over-year, with nights booked on the app up 23% year-over-year and now representing 64% of total nights (vs. 59% a year ago).
Read all positive updates
Company Guidance
Airbnb guided Q3 revenue of $4.69–$4.77 billion (up 15%–17% year‑over‑year) with an approximate three‑percentage‑point FX tailwind, mid‑teens GBV growth driven by low‑double‑digit nights & seats booked growth and a moderate ADR increase, and said it is not assuming a material Middle East impact; adjusted EBITDA is expected to rise year‑over‑year in Q3 though adjusted‑EBITDA margin should be slightly below Q3 2025 due to investment timing. For full‑year 2026 the company raised its revenue growth target to at least mid‑teens (from low‑to‑mid‑teens), expects implied take‑rate to be relatively flat versus 2025 after Reserve‑Now‑Pay‑Later timing and higher customer incentives, and now targets an adjusted‑EBITDA margin of at least 35.5% (up from 35%). (Context: Q2 results that underlie the raise included revenue $3.6B, +17% YoY; GBV $27.2B, +16%; nights & seats booked +10%; ADR +5% (4% ex‑FX); adjusted EBITDA $1.3B, 35% margin; and Q2 free cash flow $1.3B.)Airbnb Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
91
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.18B | 12.30B | 11.10B | 9.92B | 8.40B | 5.99B |
| Gross Profit | 10.28B | 8.89B | 9.22B | 8.21B | 6.90B | 4.84B |
| EBITDA | 3.01B | 2.70B | 3.40B | 2.23B | 1.97B | 276.00M |
| Net Income | 2.69B | 2.51B | 2.65B | 4.79B | 1.89B | -352.00M |
Balance Sheet | ||||||
| Total Assets | 28.75B | 22.21B | 20.96B | 20.64B | 16.04B | 13.71B |
| Cash, Cash Equivalents and Short-Term Investments | 12.07B | 11.01B | 10.61B | 10.07B | 9.62B | 8.32B |
| Total Debt | 2.50B | 2.27B | 2.29B | 2.30B | 2.34B | 2.42B |
| Total Liabilities | 20.95B | 14.01B | 12.55B | 12.48B | 10.48B | 8.93B |
| Stockholders Equity | 7.80B | 8.20B | 8.41B | 8.16B | 5.56B | 4.78B |
Cash Flow | ||||||
| Free Cash Flow | 4.87B | 4.65B | 4.52B | 3.88B | 3.40B | 2.31B |
| Operating Cash Flow | 4.86B | 4.65B | 4.52B | 3.88B | 3.43B | 2.31B |
| Investing Cash Flow | -1.32B | -748.00M | -616.00M | -1.04B | -28.00M | -1.35B |
| Financing Cash Flow | -2.76B | -3.83B | -3.57B | -2.43B | -689.00M | 1.31B |
Airbnb Technical Analysis
Positive
190.50
Price Trends
171.04
Negative
155.91
Positive
144.20
Positive
Market Momentum
-2.20
Negative
51.84
Neutral
84.05
Negative
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 190.5 is above the 20-day moving average (MA) of 161.82, above the 50-day MA of 171.04, and above the 200-day MA of 144.20, indicating a neutral trend. The MACD of -2.20 indicates Negative momentum. The RSI at 51.84 is Neutral, neither overbought nor oversold. The STOCH value of 84.05 is Negative, 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $120.48B | 17.70 | -96.70% | 1.02% | 12.85% | 56.24% | |
73 Outperform | $99.32B | 37.48 | 33.38% | ― | 14.20% | 6.18% | |
73 Outperform | $32.91B | 16.42 | 184.84% | 0.67% | 12.00% | 92.75% | |
72 Outperform | $25.19B | 7.05 | 14.59% | 0.45% | 18.08% | 35.16% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $4.21B | 125.84 | -14.56% | ― | 6.86% | -59.99% | |
47 Neutral | $1.02B | 215.12 | 0.76% | 12.33% | -4.37% | -92.21% |
* Consumer Cyclical Sector Average
ABNB
Airbnb
165.87
47.01
39.55%
TCOM
Trip.com Group Sponsored ADR
38.90
-31.85
-45.02%
EXPE
Expedia
274.22
60.17
28.11%
MMYT
Makemytrip
44.73
-47.52
-51.51%
BKNG
Booking Holdings
160.34
-47.91
-23.00%
TRIP
TripAdvisor
8.68
-6.71
-43.60%
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.