Recent News
August 6, 2026 — Airbnb published second-quarter 2026 financial results and a shareholder letter detailing Nights and Seats Booked growth and product updates, including AI tools in the 2026 Summer Release. Late June filings and disclosures around June 30, 2026, updated regulatory and legal items in the company’s periodic report. The company also reiterated trust-and-safety measures and seasonal host programs across June and July 2026.
Technical Analysis
ADX at 37.04 signals a strong directional market environment; the strength accompanies a bearish directional shift because DI+ decreased to 34.78 while DI- increased to 18.07, suggesting sellers gained short-term influence despite sustained trend strength.
MACD at 5.62 sits below its signal line (7.65) with a decreasing MACD trend, indicating bearish momentum remains dominant until the MACD crosses back above its signal line.
MRO at 38.19 registered a peak-and-reversal, placing the current price above the oscillator’s target and implying heightened potential for downward mean reversion from current levels.
RSI near 59.8 and decreasing points to cooling upside momentum; the indicator remains below classic overbought thresholds but shows diminishing buying conviction.
Price trades below the 20-day average ($185.15) and beneath the 1x lower Bollinger band ($180.49), signaling short-term weakness. Price remains above the 50-day ($163.54) and 200-day ($139.70) averages, indicating structural support across longer horizons despite near-term pressure.
Fundamental Analysis
Profitability: EBIT equals $934,000,000, producing an EBIT margin of 25.89%, which sits slightly below the industry peer mean of 27.12% while remaining well above the industry peer median of 17.89%. Quarter-over-quarter, EBIT margin expanded by 7.06%, and year-over-year improvement measured roughly 30.96%, reinforcing recent operational leverage on revenue.
Revenue & earnings: Reported total revenue reached $3,608,000,000. EPS came in at $1.37 versus an estimate of $1.25, an earnings surprise of 9.6%, supporting the margin strength noted above.
Cash flow & liquidity: Free cash flow totaled $1,270,000,000 with free cash flow yield near 1.49%, above the industry peer mean of ~1.01%, while cash plus short-term investments stood at $12,069,000,000. Operating cash flow improved year-to-date, and cash conversion remained negative in days (–20.39 days), reflecting efficient working-capital dynamics relative to many peers.
Leverage & coverage: Total debt $2,496,000,000 produced a debt-to-EBITDA of 2.67 and an interest-coverage ratio of 25.24, with coverage materially above the industry peer mean (~8.18), indicating capacity to service obligations comfortably.
Efficiency & returns: Asset turnover measured 0.1298 with asset growth of 7.18%; return on equity about 10.46% and return on invested capital about 8.27% improved QoQ and YoY, supporting the earnings expansion narrative.
Valuation: Price multiples reflect elevated expectations—trailing PE roughly 104x, forward PE near 89x, price-to-sales about 23.65x, and price-to-book about 10.94x. The current valuation, as determined by WMDST, rates the stock as over-valued, a conclusion driven by high multiples despite strong margins, robust cash flow, and ample liquidity.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-08-06 |
| NEXT REPORT DATE: | 2026-11-05 |
| CASH FLOW | Begin Period Cash Flow | $ 17.6 B |
| Operating Cash Flow | — | |
| Capital Expenditures | — | |
| Change In Working Capital | $ -138.00 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 1.5 B | |
| End Period Cash Flow | $ 19.0 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 3.6 B | |
| Forward Revenue | $ 1.0 B | |
| COSTS | ||
| Cost Of Revenue | $ 633.0 M | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | $ 672.0 M | |
| Total Operating Expenses | $ 2.9 B | |
| PROFITABILITY | ||
| Gross Profit | $ 3.0 B | |
| EBITDA | $ 934.0 M | |
| EBIT | $ 934.0 M | |
| Operating Income | $ 758.0 M | |
| Interest Income | $ 183.0 M | |
| Interest Expense | $ 37.0 M | |
| Net Interest Income | $ 146.0 M | |
| Income Before Tax | $ 897.0 M | |
| Tax Provision | $ 81.0 M | |
| Tax Rate | 9.0 % | |
| Net Income | $ 816.0 M | |
| Net Income From Continuing Operations | $ 816.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.25 | |
| EPS Actual | $ 1.37 | |
| EPS Difference | $ 0.12 | |
| EPS Surprise | 9.6 % | |
| Forward EPS | $ 1.54 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 28.8 B | |
| Intangible Assets | $ 765.0 M | |
| Net Tangible Assets | $ 7.0 B | |
| Total Current Assets | $ 25.5 B | |
| Cash and Short-Term Investments | $ 12.1 B | |
| Cash | $ 6.8 B | |
| Net Receivables | $ 209.0 M | |
| Inventory | — | |
| Long-Term Investments | $ 600.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 144.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 18.1 B | |
| Net Debt | — | |
| Total Debt | $ 2.5 B | |
| Total Liabilities | $ 21.0 B | |
| EQUITY | ||
| Total Equity | $ 7.8 B | |
| Retained Earnings | $ -6.65 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 13.02 | |
| Shares Outstanding | 590.000 M | |
| Revenue Per-Share | $ 6.02 | |
| VALUATION | Market Capitalization | $ 85.3 B |
| Enterprise Value | $ 75.8 B | |
| Enterprise Multiple | 81.123 | |
| Enterprise Multiple QoQ | -90.041 % | |
| Enterprise Multiple YoY | -29.935 % | |
| Enterprise Multiple IPRWA | high: 112.294 ABNB: 81.123 median: 69.509 mean: 68.862 low: 11.82 |
|
| EV/R | 21.0 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.687 | |
| Asset To Liability | 1.372 | |
| Debt To Capital | 0.242 | |
| Debt To Assets | 0.087 | |
| Debt To Assets QoQ | -8.089 % | |
| Debt To Assets YoY | 2.685 % | |
| Debt To Assets IPRWA | high: 1.414 median: 0.793 mean: 0.782 ABNB: 0.087 low: 0.017 |
|
| Debt To Equity | 0.32 | |
| Debt To Equity QoQ | -3.559 % | |
| Debt To Equity YoY | 9.139 % | |
| Debt To Equity IPRWA | high: 14.817 ABNB: 0.32 mean: -1.009 median: -2.225 low: -7.154 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 10.943 | |
| Price To Book QoQ | 5.075 % | |
| Price To Book YoY | 6.535 % | |
| Price To Book IPRWA | high: 34.862 ABNB: 10.943 mean: -6.632 median: -11.753 low: -21.432 |
|
| Price To Earnings (P/E) | 103.995 | |
| Price To Earnings QoQ | -79.771 % | |
| Price To Earnings YoY | -19.924 % | |
| Price To Earnings IPRWA | high: 164.211 ABNB: 103.995 mean: 102.044 median: 100.735 low: -5.999 |
|
| PE/G Ratio | 0.244 | |
| Price To Sales (P/S) | 23.653 | |
| Price To Sales QoQ | -20.344 % | |
| Price To Sales YoY | -8.384 % | |
| Price To Sales IPRWA | high: 27.653 ABNB: 23.653 mean: 17.572 median: 13.715 low: 0.291 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 89.243 | |
| Forward PE/G | 0.209 | |
| Forward P/S | 84.576 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 28.394 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.13 | |
| Asset Turnover Ratio QoQ | 18.859 % | |
| Asset Turnover Ratio YoY | 9.128 % | |
| Asset Turnover Ratio IPRWA | high: 0.589 median: 0.253 mean: 0.228 ABNB: 0.13 low: 0.081 |
|
| Receivables Turnover | 18.04 | |
| Receivables Turnover Ratio QoQ | 26.981 % | |
| Receivables Turnover Ratio YoY | 4.884 % | |
| Receivables Turnover Ratio IPRWA | high: 48.835 ABNB: 18.04 mean: 8.198 median: 2.888 low: 1.108 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 5.058 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -20.385 | |
| Cash Conversion Cycle Days QoQ | -36.645 % | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 57.557 median: 13.29 mean: 12.44 ABNB: -20.385 low: -45.997 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.488 | |
| CapEx To Revenue | — | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 10.3 B | |
| Net Invested Capital | $ 10.3 B | |
| Invested Capital | $ 10.3 B | |
| Net Tangible Assets | $ 7.0 B | |
| Net Working Capital | $ 7.4 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.667 | |
| Current Ratio | 1.408 | |
| Current Ratio QoQ | -2.354 % | |
| Current Ratio YoY | 14.317 % | |
| Current Ratio IPRWA | high: 2.446 ABNB: 1.408 mean: 0.799 median: 0.76 low: 0.289 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 2.672 | |
| Cost Of Debt | 1.338 % | |
| Interest Coverage Ratio | 25.243 | |
| Interest Coverage Ratio QoQ | -99.706 % | |
| Interest Coverage Ratio YoY | -99.959 % | |
| Interest Coverage Ratio IPRWA | high: 42.221 ABNB: 25.243 mean: 8.179 median: 8.178 low: -4.615 |
|
| Operating Cash Flow Ratio | 0.07 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 25.443 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 7.179 % | |
| Revenue Growth | 34.727 % | |
| Revenue Growth QoQ | -1064.639 % | |
| Revenue Growth YoY | -4.249 % | |
| Revenue Growth IPRWA | ABNB: 34.727 % high: 29.417 % median: 8.429 % mean: 6.237 % low: -26.601 % |
|
| Earnings Growth | 426.923 % | |
| Earnings Growth QoQ | -896.929 % | |
| Earnings Growth YoY | 29.698 % | |
| Earnings Growth IPRWA | ABNB: 426.923 % high: 138.462 % mean: 28.62 % median: 19.435 % low: -40.0 % |
|
| MARGINS | ||
| Gross Margin | 82.456 % | |
| Gross Margin QoQ | 5.301 % | |
| Gross Margin YoY | 0.033 % | |
| Gross Margin IPRWA | ABNB: 82.456 % high: 74.007 % mean: 36.489 % median: 31.937 % low: 11.945 % |
|
| EBIT Margin | 25.887 % | |
| EBIT Margin QoQ | 706.197 % | |
| EBIT Margin YoY | 30.961 % | |
| EBIT Margin IPRWA | high: 47.113 % mean: 27.122 % ABNB: 25.887 % median: 17.89 % low: -15.704 % |
|
| Return On Sales (ROS) | 21.009 % | |
| Return On Sales QoQ | 554.282 % | |
| Return On Sales YoY | 6.283 % | |
| Return On Sales IPRWA | high: 47.733 % mean: 25.991 % ABNB: 21.009 % median: 17.239 % low: -16.457 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 1.3 B | |
| Free Cash Flow Yield | 1.488 % | |
| Free Cash Flow Yield QoQ | -30.726 % | |
| Free Cash Flow Yield YoY | 21.967 % | |
| Free Cash Flow Yield IPRWA | high: 2.797 % ABNB: 1.488 % mean: 1.01 % median: 1.006 % low: -3.064 % |
|
| Free Cash Growth | -25.644 % | |
| Free Cash Growth QoQ | -111.412 % | |
| Free Cash Growth YoY | -43.64 % | |
| Free Cash Growth IPRWA | high: 173.271 % median: 9.341 % mean: -4.962 % ABNB: -25.644 % low: -331.031 % |
|
| Free Cash To Net Income | 1.556 | |
| Cash Flow Margin | 0.0 % | |
| Cash Flow To Earnings | 1.556 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.936 % | |
| Return On Assets QoQ | 349.617 % | |
| Return On Assets YoY | 19.011 % | |
| Return On Assets IPRWA | high: 10.099 % mean: 3.715 % median: 3.552 % ABNB: 2.936 % low: -5.918 % |
|
| Return On Capital Employed (ROCE) | 8.76 % | |
| Return On Equity (ROE) | 0.105 | |
| Return On Equity QoQ | 399.427 % | |
| Return On Equity YoY | 26.824 % | |
| Return On Equity IPRWA | high: 0.453 ABNB: 0.105 mean: -0.044 median: -0.12 low: -0.282 |
|
| DuPont ROE | 10.573 % | |
| Return On Invested Capital (ROIC) | 8.269 % | |
| Return On Invested Capital QoQ | 1521.373 % | |
| Return On Invested Capital YoY | 60.314 % | |
| Return On Invested Capital IPRWA | high: 20.413 % mean: 10.167 % ABNB: 8.269 % median: 7.494 % low: -0.595 % |
|