Airbnb (ABNB)
NASDAQConsumer DiscretionaryTravel ServicesSnapshot 2026-09-04
$181.94-1.79%
Close 2026-09-04 · 1-day change
NASDAQConsumer DiscretionaryTravel ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · ABNB
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within consumer discretionary on a research-validated quality screen. As of 2026-09-04.
The screen ranks ABNB against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated neutral grew net income 45% of the time over the next year (vs 59% for the rest of the cohort, n=6943).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on driving year-over-year revenue growth to at least mid teens in 2026, supported by strong demand, product innovation, and expansion in core and growth markets.
Stated as a priority in 4 of last 4 quarters. Revenue grew from $2.3B in 2025-Q1 to $3.6B in 2026-Q2 (+17% Y/Y), with guidance for Q3 2026 raised to $4.69B-$4.77B (+15%-17% Y/Y). Management consistently raised revenue growth targets to mid teens for 2026, reflecting delivery and acceleration in growth.
“For full-year 2026, we now expect year-over-year revenue growth to improve to at least mid teens.”
“For 2026, we expect year-over-year revenue growth to accelerate to at least low double digits.”
“For 2026, we expect year-over-year revenue growth to accelerate to low to mid teens.”
“Our 2026 outlook is underpinned by continued momentum in our core business and sustained ADR growth.”
Sustain strong profitability by delivering an Adjusted EBITDA margin of at least 35.5% in 2026, balancing growth investments with operating leverage.
Stated as a priority in 4 of last 4 quarters. Adjusted EBITDA Margin was approximately 35% in 2025 and reached 35% in 2026-Q2 with $1.3B Adjusted EBITDA. Management raised 2026 margin guidance to at least 35.5%, reflecting operating leverage and continued investments, showing delivery and slight improvement.
Grow new business lines beyond homes by scaling Airbnb Services, Experiences, and boutique/independent hotels to increase supply and demand.
Stated as a priority in 4 of last 4 quarters. Management expanded Airbnb Services and Experiences with supply growing nearly 80% Y/Y in 2026-Q2 and added thousands of boutique hotels across 20+ destinations. Early momentum and host interest indicate delivery and ongoing scaling of new offerings.
“We expanded Airbnb Services to include grocery delivery, car rentals, airport pickups, and luggage storage.”
Integrate AI across product development, customer support, and search to speed innovation and reduce costs.
Stated as a priority in 4 of last 4 quarters. AI integration enabled shipping 80% more features YTD, with AI assistant resolving 45% of support issues without human agents in 2026-Q2, up from 40% in 2026-Q1. Customer support cost per booking declined ~16% Y/Y in 2026-Q2, demonstrating delivery and operational efficiency gains.
“We rebuilt Airbnb as an AI-native company, shipping 80% more features and reducing customer support cost per booking by 16%.”
Continue repurchasing shares to reduce fully diluted share count and manage dilution from stock-based compensation.
Stated as a priority in 4 of last 4 quarters. Management repurchased $1.1B in Q1 2026 and Q4 2025 each, with trailing twelve months repurchases totaling $3.7B through 2025-Q2. Fully diluted share count has declined approximately 9% since Q3 2022, showing consistent execution of the repurchase program.
Over the trailing year it converted 23.97x of net income into operating cash flow. Historically, Consumer Discretionary names rated robust grew net income 58% of the time over the next year (vs 45% for the rest of the cohort, n=3652).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates (low R² over the window).
4 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Consumer Discretionary names rated stable grew net income 47% of the time over the next year (vs 53% for the rest of the cohort, n=1906).
Not investment advice. As of 2026-09-04.
“For 2026, we now expect to deliver a full-year Adjusted EBITDA Margin of at least 35.5%.”
“For 2026, we expect our Adjusted EBITDA Margin to be at least 35%.”
“For full-year 2025, we expect to deliver an Adjusted EBITDA Margin of approximately 35%.”
“For 2026, we expect Adjusted EBITDA Margin to be stable year-over-year as we reinvest top-line efficiencies.”
“We continued piloting new categories of services and experiences in select cities, with early results showing a demand flywheel.”
“We started partnering with boutique and independent hotels in key cities, seeing promising results and planning expansion.”
“Launched Airbnb Services and reimagined Airbnb Experiences, receiving positive feedback and strong host interest.”
“AI assistant resolves over 40% of issues without human agents, reducing resolution times significantly.”
“AI-powered customer support rolled out in multiple languages, resolving about a third of issues without agents.”
“AI assistant reduced need for human agents by around 15%, cutting resolution times from hours to seconds.”
“We repurchased $1.1 billion of Class A common stock during Q1 2026 to help manage dilution.”
“We repurchased $1.1 billion of Class A common stock during Q4 2025 to help manage dilution.”
“Share repurchases for trailing twelve months totaled $3.3 billion, reducing fully diluted share count.”
“Share repurchases for trailing twelve months totaled $3.7 billion, reducing fully diluted share count.”