Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Airbnb, Inc.

ABNB · Nasdaq · Consumer

Fundamental quality

EXCELLENT

90

out of 100

Airbnb, Inc. fits the profile of a quality compounder: it pairs high return on capital (ROE 34.5%) with wide margins (net margin 20.4%) and a business that keeps growing (28.1% a year). On fundamental quality it scores 90 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Airbnb invented a category: turning any house in the world into lodging. Today it is a global network of millions of listings whose advantage isn't buildings but the brand — turned verb — and a host community nobody else has.

What will shape its future

  • Urban regulation: every city restricting short-term rentals trims its supply.
  • Expansion beyond lodging (experiences, services), its second-decade bet.
  • The travel cycle and the eternal comparison with hotels on price and reliability.

Breakdown by area

I.Growth
83

EPS growth: 10.6% · Revenue growth: 28.1%

II.Profitability
91

Net margin: 20.4% · ROE: 34.5% · ROIC: 63.4%

III.Financial health
95

Net debt/EBITDA: -1.58x

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

Versus its sector

Percentile against the other 98 Consumer companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 93%
ROEbeats 77%
Growthbeats 88%
Less debtbeats 97%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Airbnb, Inc. strengths

  • Outstanding return on equity (ROE of 34.5%): it puts shareholder capital to good use.
  • Revenue growing strongly (28.1% annualized).
  • High net margin (20.4%), high even for its sector: the business is clearly profitable.
  • It has turned profitable after years of losses.

Airbnb, Inc. risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Airbnb, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20203,378-4,585-777-3,655
20215,992-3522,288-4,084
20228,3991,8933,405-5,391
20239,9174,792-4,883
202411,1022,648-4,869
202512,2412,511-4,561

Between 2020 and 2025, revenue went from $3,378M to $12,241M (+262%) and net income went from -$4,585M to $2,511M (+155%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+17.1%
  • Net income+22.6%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score8990
  • Net margin19.9%20.4%
  • ROE33%34.5%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is Airbnb, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Airbnb, Inc. a good company to invest in?

In terms of business quality, Airbnb, Inc. scores 90 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Airbnb, Inc. a profitable company?

Very. Airbnb, Inc. shows a net margin of 20.4% and an ROE of 34.5%, typical of a highly profitable business.

Does Airbnb, Inc. have a lot of debt?

No. Airbnb, Inc. has a net cash position: more cash than debt.

Is Airbnb, Inc. growing?

Its revenue has grown 28.1% annualized in recent years and its earnings per share 10.6%, and without interruption since 2020.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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