Price to Earnings (P/E)
since 2020
Calculation
Airbnb Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 13, 2025 | 33.58 | = | 141.04 | ÷ | 4.20 | 4.20 | = | 2,648 | ÷ | 630,539,599 | |
| Feb 16, 2024 | 20.59 | = | 152.51 | ÷ | 7.41 | 7.41 | = | 4,792 | ÷ | 647,064,669 | |
| Feb 17, 2023 | 44.53 | = | 131.60 | ÷ | 2.96 | 2.96 | = | 1,893 | ÷ | 640,528,494 | |
| Feb 25, 2022 | — | = | 155.09 | ÷ | -0.55 | -0.55 | = | -352 | ÷ | 642,872,940 | |
| Feb 26, 2021 | — | = | 206.35 | ÷ | -7.54 | -7.54 | = | -4,585 | ÷ | 608,434,746 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Airbnb Inc. Annual Report.
The financial data reveals several notable trends over the five-year period under review. The share price experienced a decline from $206.35 in February 2021 to $131.60 in February 2023. Subsequently, there was a partial recovery to $152.51 in February 2024 followed by a moderate decrease to $141.04 in February 2025.
Earnings per share (EPS) show a significant turnaround across the timeline. Initially, the company reported a negative EPS of -$7.54 in February 2021, indicating losses. This loss diminished sharply by February 2022 to -$0.55 and turned positive by February 2023 with an EPS of $2.96. The upward trend continued with EPS reaching $7.41 in February 2024 before decreasing somewhat to $4.20 in February 2025. These fluctuations suggest a transition from unprofitability to profitability, though with some variability in earnings magnitude in recent years.
The price-to-earnings (P/E) ratio was not available for the first two periods but showed a value of 44.53 in February 2023, dropping substantially to 20.59 in February 2024, and then increasing again to 33.58 in February 2025. This pattern indicates that the market's valuation of the company relative to its earnings became more favorable in 2024, before expanding again in 2025, reflecting investor perceptions of growth potential and risk changes over time.
- Share Price Trend
- Initial decline followed by partial recovery and minor subsequent decrease, indicating market volatility and changing investor sentiment.
- Earnings per Share (EPS)
- Marked improvement from a significant negative value to positive earnings, highlighting a transition from losses to profitability with noticeable fluctuations.
- Price-to-Earnings (P/E) Ratio
- High variability reflecting market reevaluation of the company’s earnings, suggesting changing confidence in future growth prospects.
Comparison to Competitors
Airbnb Inc., P/E, long-term trends, comparison to competitors
| Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|
| Feb 13, 2025 | 33.58 | 28.00 | 50.81 | 27.00 | 29.62 |
| Feb 16, 2024 | 20.59 | 31.09 | 58.48 | 25.23 | 29.09 |
| Feb 17, 2023 | 44.53 | 29.87 | 49.37 | 31.22 | 34.26 |
| Feb 25, 2022 | — | 86.68 | 67.03 | 24.15 | 30.95 |
| Feb 26, 2021 | — | 1,696.44 | 122.18 | 33.31 | 118.26 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Sector (Consumer Services)
Airbnb Inc., P/E, long-term trends, comparison to sector (consumer services)
| Airbnb Inc. | Consumer Services | |
|---|---|---|
| Feb 13, 2025 | 33.58 | 30.16 |
| Feb 16, 2024 | 20.59 | 27.84 |
| Feb 17, 2023 | 44.53 | 34.32 |
| Feb 25, 2022 | — | 42.14 |
| Feb 26, 2021 | — | 360.30 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Industry (Consumer Discretionary)
Airbnb Inc., P/E, long-term trends, comparison to industry (consumer discretionary)
| Airbnb Inc. | Consumer Discretionary | |
|---|---|---|
| Feb 13, 2025 | 33.58 | 111.86 |
| Feb 16, 2024 | 20.59 | 33.07 |
| Feb 17, 2023 | 44.53 | 44.76 |
| Feb 25, 2022 | — | 38.75 |
| Feb 26, 2021 | — | 72.10 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).