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ABNB · Nasdaq · United States · Services-To Dwellings & Other Buildings
In shortAirbnb, Inc. is profitable, generates cash and holds more cash than debt, with revenue growing (+10.3% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 20.8% | 86/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 20.5% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 30.2% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 20.0% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.38× | 48/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.24× | 98/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.10 | 26/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 38.0% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.85× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 28.3% | 6/100 |
| Operating margin volatility | 6.5% | 50/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 13.4% | 91/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 5,992 | 8,399 | 9,917 | 11,102 | 12,241 |
| Cost of revenue | 1,156 | 1,499 | 1,703 | 1,878 | 2,086 |
| Gross profit | 4,836 | 6,900 | 8,214 | 9,224 | 10,155 |
| Research & development | 1,425 | 1,502 | 1,722 | 2,056 | 2,354 |
| Operating income | 429 | 1,802 | 1,518 | 2,553 | 2,544 |
| Pre-tax income | (300) | 1,989 | 2,102 | 3,331 | 3,137 |
| Income tax | 52 | 96 | (2,690) | 683 | 626 |
| Net income | (352) | 1,893 | 4,792 | 2,648 | 2,511 |
| Diluted shares (millions) | 616 | 680 | 662 | 645 | 623 |
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of Airbnb, Inc. are included in the Investor plan. Try free for 7 days →
2.10 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 6, 2026