Last 24 quarters of trend data · Consumer Cyclical · Travel Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Airbnb, Inc.'s quarterly P/E stands at 13.7x, down 7.7% year-over-year. EV/EBITDA has compressed 13.4% YoY to 10.7x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 34.67 | 13.74 | 32.12 | 119.46 | 45.00 | 14.88 | 44.08 | 100.59 | — | 5.17 | 32.69 | 172.78 | 44.53 |
| — | -7.7% | -27.1% | +18.8% | — | +187.7% | +34.8% | -41.8% | — | -64.7% | -17.8% | — | -91.4% | |
| P/S Ratio | 6.94 | 4.60 | 6.69 | 8.31 | 8.25 | 5.45 | 8.95 | 12.59 | 9.79 | 6.66 | 8.58 | 11.46 | 7.55 |
| — | -15.6% | -25.3% | -34.0% | -15.7% | -18.2% | +4.4% | +9.9% | +29.6% | +7.6% | +18.5% | -36.6% | -59.2% | |
| P/B Ratio | 10.62 | 8.76 | 10.65 | 9.51 | 9.73 | 9.59 | 12.30 | 13.66 | 10.64 | 9.93 | 16.85 | 15.75 | 10.33 |
| — | -8.7% | -13.4% | -30.4% | -8.5% | -3.4% | -27.0% | -13.3% | +2.9% | -23.0% | +45.0% | -31.6% | -56.5% | |
| P/FCF | 18.29 | 13.90 | 21.76 | 10.55 | 43.92 | 18.88 | 23.41 | 14.03 | 233.49 | 17.28 | 23.67 | 13.18 | 31.62 |
| — | -26.4% | -7.1% | -24.8% | -81.2% | +9.2% | -1.1% | +6.4% | +638.5% | -7.1% | +23.7% | -42.2% | -58.0% | |
| EV / EBITDA | 31.60 | 10.68 | 30.70 | 278.49 | 42.75 | 12.34 | 45.40 | 222.41 | — | 14.08 | 37.43 | 3229.92 | 52.89 |
| — | -13.4% | -32.4% | +25.2% | — | -12.4% | +21.3% | -93.1% | — | +3.3% | +6.6% | +196.5% | -79.5% | |
| EV / EBIT | 31.60 | 9.81 | 31.75 | 461.70 | 44.94 | 12.46 | 46.68 | 253.24 | — | 14.15 | 38.07 | — | 37.53 |
| — | -21.2% | -32.0% | +82.3% | — | -12.0% | +22.6% | — | — | +8.9% | +7.3% | — | -89.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Airbnb, Inc.'s operating margin was 39.7% in Q3 2025, up 19.9 pp QoQ and down 1.2 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 19.6% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.0% | 86.6% | 82.4% | 77.7% | 82.8% | 87.5% | 81.6% | 77.6% | 82.7% | 86.5% | 82.6% | 76.5% | 81.9% |
| — | -1.1% | +1.0% | +0.2% | +0.1% | +1.2% | -1.2% | +1.5% | +1.0% | +0.5% | +1.4% | +0.7% | +1.4% | |
| Operating Margin | 20.8% | 39.7% | 19.8% | 1.7% | 17.3% | 40.9% | 18.1% | 4.7% | -22.4% | 44.0% | 21.1% | -0.3% | 12.3% |
| — | -2.9% | +9.3% | -64.5% | +177.5% | -7.2% | -14.1% | +1814.6% | -281.1% | +5.6% | +20.1% | +17.0% | +150.4% | |
| Net Margin | 20.5% | 33.6% | 20.7% | 6.8% | 18.6% | 36.7% | 20.2% | 12.3% | -15.7% | 128.8% | 26.2% | 6.4% | 16.8% |
| — | -8.5% | +2.7% | -45.0% | +218.1% | -71.5% | -22.8% | +91.5% | -193.9% | +205.9% | +45.3% | +611.1% | +371.1% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 30.2% | 16.8% | 8.2% | 1.9% | 5.5% | 16.6% | 7.0% | 3.3% | -4.0% | 61.7% | 12.6% | 2.2% | 5.7% |
| — | +1.0% | +17.0% | -42.7% | +235.1% | -73.1% | -44.4% | +52.4% | -170.3% | +174.0% | +65.4% | +639.8% | +385.9% | |
| ROA | 11.6% | 5.5% | 2.5% | 0.7% | 2.1% | 5.6% | 2.2% | 1.2% | -1.7% | 20.5% | 3.2% | 0.6% | 2.0% |
| — | -2.7% | +13.0% | -42.7% | +228.9% | -72.5% | -30.8% | +80.1% | -183.6% | +197.0% | +50.4% | +625.5% | +396.9% | |
| ROIC | 51.0% | 39.3% | 17.4% | 0.9% | 9.3% | 41.8% | 15.8% | 2.6% | -10.9% | 82.0% | — | — | 39.1% |
| — | -6.0% | +10.0% | -65.5% | +185.9% | -49.0% | — | — | -127.8% | -92.5% | — | — | +594.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Airbnb, Inc.'s Debt/EBITDA ratio is 1.5x, down from 3.6x last quarter — comfortably within a safe range. The current ratio has weakened 13.9% YoY to 1.39x, tightening the short-term liquidity position.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.24 | 0.29 | 0.29 | 0.29 | 0.27 | 0.27 | 0.28 | 0.29 | 0.28 | 0.25 | 0.46 | 0.44 | 0.42 |
| — | +8.7% | +3.2% | -1.0% | -3.4% | +5.2% | -38.1% | -34.3% | -33.0% | -40.6% | +1.2% | -13.1% | -16.9% | |
| Debt / EBITDA | 0.79 | 1.51 | 3.61 | 36.19 | 5.08 | 1.47 | 4.45 | 19.91 | — | 1.54 | 4.37 | 389.33 | 9.45 |
| — | +3.2% | -19.0% | +81.7% | — | -4.5% | +1.9% | -94.9% | — | -20.9% | -27.5% | +288.4% | -58.4% | |
| Current Ratio | 1.38 | 1.39 | 1.23 | 1.27 | 1.69 | 1.62 | 1.41 | 1.44 | 1.66 | 1.78 | 1.47 | 1.55 | 1.86 |
| — | -13.9% | -12.4% | -11.7% | +1.9% | -9.4% | -4.5% | -6.7% | -10.9% | -3.8% | -6.8% | -4.2% | -4.4% | |
| Quick Ratio | 1.38 | 1.39 | 1.23 | 1.27 | 1.69 | 1.62 | 1.41 | 1.44 | 1.66 | 1.78 | 1.47 | 1.55 | 1.86 |
| — | -13.9% | -12.4% | -11.7% | +1.9% | -9.4% | -4.5% | -6.7% | -10.9% | -3.8% | -6.8% | -4.2% | -4.4% | |
| Interest Coverage | — | — | — | — | — | — | — | — | -6.99 | 249.33 | 261.50 | -1.25 | 46.31 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 24 years · Updated daily
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Airbnb, Inc.'s current P/E is 34.7x. The average P/E over the last 4 quarters is 52.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Airbnb, Inc.'s current operating margin is 20.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Airbnb, Inc.'s business trajectory between earnings reports.