Airbnb (ABNB) FCF Margin (2020 - 2026)
Airbnb (ABNB) posted FCF Margin of 35.2% for Q2 2026, down 44.81% on a QoQ basis from 63.78% in Q1 2026, and up 371.0% year-over-year from 7.47% in Q2 2025.
Analysis
Airbnb (ABNB) FCF Margin (2020 - 2026) Analysis & Trends
Airbnb has reported FCF Margin for 7 years, with the latest figure at 35.2% in Q2 2026.
- On a quarterly basis, FCF Margin rose 371.0% year-over-year to 35.2% in Q2 2026; TTM through Jun 2026 was 36.93%, a 27.0% decrease from a year earlier, with the FY2025 full-year figure at 37.95%, down 274.0% from the prior year.
- FCF Margin was 35.2% for Q2 2026 at Airbnb, down from 63.78% in the prior quarter.
- The five-year high for FCF Margin was 89.78% in Q1 2024, with the low at 2.84% in Q4 2023.
- Average FCF Margin over 5 years is 43.1%, with a median of 35.72% recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: FCF Margin plunged 2108 bps in 2023, then soared 1595 bps in 2024.
- Over 5 years, FCF Margin stood at 23.92% in 2022, then tumbled by 88 bps to 2.84% in 2023, then jumped by 562 bps to 18.79% in 2024, then climbed by 1 bps to 18.93% in 2025, then surged by 86 bps to 35.2% in 2026.
- The last three FCF Margin figures came in at 35.2% (Q2 2026), 63.78% (Q1 2026), and 18.93% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 262.96 Bn | 227.70 Bn | 15.11 Bn | 33.57% |
| 2 | Booking Holdings | 145.23 Bn | 128.02 Bn | 4.98 Bn | 49.55% |
| 3 | PDD Holdings | 117.02 Bn | 86.74 Bn | 9.45 Bn | 22.77% |
| 4 | Airbnb | 107.34 Bn | 95.28 Bn | 2.98 Bn | 35.20% |
| 5 | Mercadolibre | 100.30 Bn | 85.10 Bn | 4.16 Bn | 31.67% |
| 6 | Ebay | 46.02 Bn | 42.71 Bn | 2.30 Bn | 10.40% |
| 7 | Expedia | 34.12 Bn | 26.99 Bn | 3.91 Bn | 29.64% |
| 8 | Maplebear | 11.90 Bn | 11.05 Bn | 751.00 Mn | 46.12% |
| 9 | Full Truck Alliance | 8.08 Bn | 7.12 Bn | - | - |
| 10 | Etsy | 7.07 Bn | 5.94 Bn | 484.05 Mn | 23.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.20% |
| 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% |