Airbnb (ABNB) Return on Capital Employed (2021 - 2026)
Airbnb (ABNB) recorded quarterly Return on Capital Employed of 31.79% in Q1 2026, up 12.3% quarter-over-quarter from 28.31% in Q4 2025, and down 788.0% on a YoY basis from 4.62% in Q1 2025.
Airbnb (ABNB) Return on Capital Employed (2021 - 2026) Analysis & Trends
Airbnb's Return on Capital Employed history runs 6 years deep, the most recent figure standing at 31.79% for Q1 2026.
- In Q1 2026, Return on Capital Employed fell 788.0% year-over-year to 31.79%; the TTM figure through Mar 2026 stood at 31.79% (down 788.0% YoY), while the FY2025 annual figure was 32.06%, up 807.0% from the prior year.
- Return on Capital Employed was 31.79% for Q1 2026 at Airbnb, up from 28.31% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 39.67% in Q1 2025 to a low of 12.6% in Q3 2024.
- Historically, Return on Capital Employed has averaged 23.39% across 5 years, with a median of 22.3% in 2022.
- The sharpest annual moves came in 2022 and 2024: Return on Capital Employed surged 9216 bps in 2022, then slumped 1177 bps in 2024.
- A 5-year view of Return on Capital Employed shows it stood at 22.3% in 2022, then tumbled by 39 bps to 13.69% in 2023, then soared by 64 bps to 22.39% in 2024, then rose by 26 bps to 28.31% in 2025, then climbed by 12 bps to 31.79% in 2026.
- The last three Return on Capital Employed figures came in at 31.79% (Q1 2026), 28.31% (Q4 2025), and 24.62% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 104.07% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 31.79% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 16.68% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 11.60% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 35.97% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 0.57% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 2.23% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | - |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 8.24% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 10.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 31.79% |
| Dec 31, 2025 | 28.31% |
| Sep 30, 2025 | 24.62% |
| Jun 30, 2025 | 36.14% |
| Mar 31, 2025 | 39.67% |
| Dec 31, 2024 | 22.39% |
| Sep 30, 2024 | 12.60% |
| Jun 30, 2024 | 16.64% |
| Mar 31, 2024 | 19.21% |
| Dec 31, 2023 | 13.69% |
| Sep 30, 2023 | 19.57% |
| Jun 30, 2023 | 28.03% |
| Mar 31, 2023 | 30.98% |
| Dec 31, 2022 | 22.30% |
| Sep 30, 2022 | 17.19% |
| Jun 30, 2022 | 19.05% |
| Mar 31, 2022 | 15.51% |
| Dec 31, 2021 | 5.89% |
| Sep 30, 2021 | -34.44% |
| Jun 30, 2021 | -72.01% |