Airbnb (ABNB) EBITDA Margin (2020 - 2026)
Airbnb's (ABNB) quarterly EBITDA Margin came in at 3.21% in Q1 2026, up 154.0% year-on-year from 1.26% in Q1 2025, and down 66.84% quarter-over-quarter from 9.68% in Q4 2025.
Airbnb (ABNB) EBITDA Margin (2020 - 2026) Analysis & Trends
Airbnb's EBITDA Margin history runs 7 years deep, the most recent figure standing at 3.21% for Q1 2026.
- On a quarterly basis, EBITDA Margin rose 154.0% year-over-year to 3.21% in Q1 2026; TTM through Mar 2026 was 20.49%, a 167.0% decrease from a year earlier, with the FY2025 full-year figure at 20.78%, down 221.0% from the prior year.
- EBITDA Margin fell to 3.21% in Q1 2026 per ABNB's latest filing, from 9.68% in the prior quarter.
- Across five years, EBITDA Margin topped out at 44.04% in Q3 2023 and bottomed at 22.36% in Q4 2023.
- The 5-year median for EBITDA Margin is 17.34% (2024), against an average of 15.81%.
- Across the five-year window, EBITDA Margin surged 5006 bps in 2022 and tumbled 3472 bps in 2023, its largest moves.
- Year by year, EBITDA Margin stood at 12.36% in 2022, then sank by 281 bps to 22.36% in 2023, then jumped by 178 bps to 17.34% in 2024, then slumped by 44 bps to 9.68% in 2025, then plunged by 67 bps to 3.21% in 2026.
- Per Business Quant, the three latest ABNB EBITDA Margin figures stand at 3.21% (Q1 2026), 9.68% (Q4 2025), and 39.68% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 22.98% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 26.10% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 3.21% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 2.66% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 0.03% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 12.77% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 7.33% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 9.99% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 16.11% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 0.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.21% |
| Dec 31, 2025 | 9.68% |
| Sep 30, 2025 | 39.68% |
| Jun 30, 2025 | 19.77% |
| Mar 31, 2025 | 1.67% |
| Dec 31, 2024 | 17.34% |
| Sep 30, 2024 | 40.86% |
| Jun 30, 2024 | 18.09% |
| Mar 31, 2024 | 4.72% |
| Dec 31, 2023 | -22.36% |
| Sep 30, 2023 | 44.04% |
| Jun 30, 2023 | 21.05% |
| Mar 31, 2023 | -0.28% |
| Dec 31, 2022 | 12.36% |
| Sep 30, 2022 | 41.71% |
| Jun 30, 2022 | 17.54% |
| Mar 31, 2022 | -0.33% |
| Dec 31, 2021 | 4.91% |
| Sep 30, 2021 | 38.08% |
| Jun 30, 2021 | -3.84% |