Airbnb (ABNB) FCF Margin (2020 - 2026)
Airbnb's (ABNB) quarterly FCF Margin came in at 63.78% in Q1 2026, down 1496.0% year-on-year from 4.57% in Q1 2025, and up 236.84% quarter-over-quarter from 18.93% in Q4 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.
- On a quarterly basis, FCF Margin fell 1496.0% year-over-year to 63.78% in Q1 2026; TTM through Mar 2026 was 36.1%, a 294.0% decrease from a year earlier, with the FY2025 full-year figure at 37.95%, down 274.0% from the prior year.
- FCF Margin improved to 63.78% in Q1 2026 per ABNB's latest filing, from 18.93% in the prior quarter.
- Across five years, FCF Margin topped out at 89.78% in Q1 2024 and bottomed at 2.84% in Q4 2023.
- The 5-year median for FCF Margin is 36.23% (2023), against an average of 43.56%.
- Across the five-year window, FCF Margin sank 2108 bps in 2023 and jumped 1595 bps in 2024, its largest moves.
- Year by year, FCF Margin stood at 23.92% in 2022, then slumped 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.
- Per Business Quant, the three latest ABNB FCF Margin figures stand at 63.78% (Q1 2026), 18.93% (Q4 2025), and 33.11% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 56.18% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 29.96% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 63.78% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -7.15% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 57.75% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 26.34% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 109.37% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | -26.82% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 18.57% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | -6.19% |
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% |