Airbnb (ABNB) FCF Margin (2020 - 2026)
Airbnb (ABNB) recorded quarterly FCF Margin of 63.78% in Q1 2026, up 236.84% quarter-over-quarter from 18.93% in Q4 2025, and down 1496.0% on a YoY basis from 4.57% in Q1 2025.
Airbnb (ABNB) FCF Margin (2020 - 2026) Analysis & Trends
Airbnb's FCF Margin history runs 7 years deep, the most recent figure standing at 63.78% for Q1 2026.
- In Q1 2026, FCF Margin fell 1496.0% year-over-year to 63.78%; the TTM figure through Mar 2026 stood at 36.1% (down 294.0% YoY), while the FY2025 annual figure was 37.95%, down 274.0% from the prior year.
- FCF Margin was 63.78% for Q1 2026 at Airbnb, up from 18.93% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 89.78% in Q1 2024 to a low of 2.84% in Q4 2023.
- Historically, FCF Margin has averaged 43.56% across 5 years, with a median of 36.23% in 2023.
- The sharpest annual moves came in 2023 and 2024: FCF Margin sank 2108 bps in 2023, then surged 1595 bps in 2024.
- A 5-year view of FCF Margin shows it stood at 23.92% in 2022, then plunged by 88 bps to 2.84% in 2023, then soared by 562 bps to 18.79% in 2024, then advanced by 1 bps to 18.93% in 2025, then jumped by 237 bps to 63.78% in 2026.
- The last three FCF Margin figures came in at 63.78% (Q1 2026), 18.93% (Q4 2025), and 33.11% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 56.18% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 63.78% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 37.94% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 11.31% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 109.37% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | -26.82% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -6.19% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 1.98% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | - |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 18.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 63.78% |
| Dec 31, 2025 | 18.93% |
| Sep 30, 2025 | 33.11% |
| Jun 30, 2025 | 31.49% |
| Mar 31, 2025 | 78.74% |
| Dec 31, 2024 | 18.79% |
| Sep 30, 2024 | 28.89% |
| Jun 30, 2024 | 38.25% |
| Mar 31, 2024 | 89.78% |
| Dec 31, 2023 | 2.84% |
| Sep 30, 2023 | 38.56% |
| Jun 30, 2023 | 36.23% |
| Mar 31, 2023 | 86.96% |
| Dec 31, 2022 | 23.92% |
| Sep 30, 2022 | 33.22% |
| Jun 30, 2022 | 37.83% |
| Mar 31, 2022 | 79.26% |
| Dec 31, 2021 | 24.67% |
| Sep 30, 2021 | 23.65% |
| Jun 30, 2021 | 58.57% |