Airbnb, Inc. (ABNB)

FairStock Score: 48/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn high returns without heavy debt, and Airbnb has pieces of that. Its marketplace connects hosts and guests for stays and experiences. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $3.6B and net income was $816.0M, a 22.62% net margin. In fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $3.1B and net income was $642.0M, so the latest quarter showed real growth. Full-year fiscal 2025 revenue was $12.2B, though net income of $2.5B was below fiscal 2023's $4.8B, so the profit record is uneven. FairStock's trailing figures show a 34.54% ROE, a 6.14% ROCE, and debt-to-equity of 0.32. Free cash flow was $4.9B, a 4.9% FCF yield. A Piotroski score of 8/9 signals improving fundamentals, and an Altman score of 3.03 suggests financial distress risk is modest. The moat appears to be the network: hosts and guests tend to go where liquidity is, and the brand is strong. But travel is cyclical and competition is fierce. At the 2026-10-13 close of $165.58, FairStock's P/E is 37.72, P/B is 12.52, EV/EBITDA is 32.44, and the Graham Number is only $36.14, leaving a -358.16% margin of safety. That is not a Graham bargain. FairStock's FairStock Score is 54/100, and its Lynch category is stalwart, based on 9.9% profit and 13.4% revenue growth over three years. The price already assumes continued execution.

In plain English: Airbnb runs an online marketplace that connects hosts and guests for stays, experiences, and services. The business looks strong: it earns good profits, carries little debt, and produces a lot of cash. But at the recent price of $165.58, the stock looks expensive compared with its earnings and assets.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer