PerpEquities

Equity · Consumer cyclical

Airbnb (ABNB) perpetual futures

ABNB perpetual futures on 5 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade ABNBUSDT.

Airbnb, Inc. operates a global online marketplace connecting hosts offering accommodations and experiences with guests, based in San Francisco, California.

$169.92+0.1%NASDAQ open
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Price chart

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TradingView symbol NASDAQ:ABNB

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Trading data

Perpetual market activity

5/5 live markets
Venues
5
Live markets
5/5
24h volume
$6.4M
Open interest
$71.2KCoverage: 2/5 markets
Best liquidity
$4.1M
LBank
Tightest spread
+37.1 bps
LBank
Highest volume
$4.8M
LBank
Settlement mix
USDT · 4/5
Perp/spot vol.
0.01x
Spot volume $831.5M
OI / float
0.00%
Float $97B
Spot performance
1D-2.81%
5D-7.38%
1M-8.16%
6M+28.08%
YTD+24.99%
1Y+37.45%

Venue matrix

5 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
LBankTradeABNB/USDTTrading$169.920.0% APR
0.000% every 8h
+37.1 bps$4.1M$4.8M-USDT50x
BingXTradeABNB-USDTTrading$169.92-5.5% APR
-0.00500% every 8h
+55.9 bps$343.3K$1.2M-USDT-
BitgetTradeABNB/USDTTrading$169.710.0% APR
0.000% every 8h
+37.1 bps$574.2K$320.9K$21KUSDT20x
Gate.ioTradeABNB/USDTTrading$169.680.0% APR
0.000% every 8h
+161.3 bps$50.3K$5.3K$50.2KUSDT20x
Helix (Injective)TradeABNB/USDCTrading$169.62+24.1% APR
+0.00275% every 1h
--$92.2-USDC12x

Tradability

Execution quality

Thin liquidity · 3 of 5 venues absorb $10k · Typical cost: +26.1 bps – +54.7 bps

Cheapest execution: LBank · +25.0 bps

No fresh book data: Gate.io, Helix (Injective)

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

ABNB

Tightest spread

ABNB

Highest volume

ABNB

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$100.6B
Updated 1h ago
Revenue
$13.2B
Trailing 12 months
Revenue growth
+15%
Next fiscal year
Profit margin
+20.4%
P/E
38.4
Peer P/E 26.1
Free cash flow
$4.9B
Trailing 12 months
More metrics
Net income
$2.7B
Trailing 12 months
P/S
7.6
Peer P/E
26.1
Similar listed perps
Revenue estimate
$14.2B
Next fiscal year
Earnings
2026-11-05
Revenue est. $4.7B · Updated 1h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$12.3B
Net margin+20.4%
Free cash flow$4.6B
Net debt-$4.3B
2020$3.4B
2021$6B
2022$8.4B
2023$9.9B
2024$11.1B
2025$12.3B
PeriodRevenueGrowthNet incomeFCF
2020$3.4B-30%-$4.6B-$667.1M
2021$6B+77%-$352M$2.3B
2022$8.4B+40%$1.9B$3.4B
2023$9.9B+18%$4.8B$3.9B
2024$11.1B+12%$2.6B$4.5B
2025$12.3B+11%$2.5B$4.6B
PeriodGross marginOperating marginNet marginROEROA
2020+74.1%-106.3%-135.7%-158.0%-43.7%
2021+80.7%+7.2%-5.9%-7.4%-2.6%
2022+82.2%+21.5%+22.5%+34.0%+11.8%
2023+82.8%+15.3%+48.3%+58.7%+23.2%
2024+83.1%+23.0%+23.9%+31.5%+12.6%
2025+72.3%+21.2%+20.4%+30.6%+11.3%
PeriodCashDebtNet debtCurrent ratio
2020$5.5B$2.3B-$3.2B1.73
2021$6.1B$2.4B-$3.6B1.95
2022$7.4B$2.3B-$5B1.86
2023$6.9B$2.3B-$4.6B1.66
2024$6.9B$2.3B-$4.6B1.69
2025$6.6B$2.3B-$4.3B1.38
PeriodMarket capEnterprise valueP/SP/E
2020$87.2B$84.1B25.8-19.0
2021$102.6B$98.9B17.1-292.1
2022$54.5B$49.4B6.528.8
2023$86.7B$82.2B8.718.1
2024$83.1B$78.5B7.531.4
2025$83.2B$78.9B6.833.1
Q3 2024$3.7B
Q4 2024$2.5B
Q1 2025$2.3B
Q2 2025$3.1B
Q3 2025$4.1B
Q4 2025$2.8B
Q1 2026$2.7B
Q2 2026$3.6B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$3.7B+10%$1.4B$1.1B
Q4 2024$2.5B+12%$461M$466M
Q1 2025$2.3B+6%$154M$1.8B
Q2 2025$3.1B+13%$642M$952M
Q3 2025$4.1B+10%$1.4B$1.4B
Q4 2025$2.8B+13%$341M$533M
Q1 2026$2.7B+18%$160M$1.7B
Q2 2026$3.6B+17%$816M$1.3B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+87.5%+40.9%+36.7%+16.1%+6.2%
Q4 2024+82.8%+17.3%+18.6%+5.5%+2.2%
Q1 2025+77.7%+1.7%+6.8%+1.9%+0.6%
Q2 2025+82.4%+19.8%+20.7%+8.2%+2.4%
Q3 2025+86.6%+39.7%+33.6%+16.0%+6.0%
Q4 2025+70.9%+10.5%+12.2%+4.2%+1.5%
Q1 2026+66.1%+3.1%+6.0%+2.1%+0.6%
Q2 2026+82.5%+21.0%+22.6%+10.5%+2.8%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$7.7B$2.3B-$5.4B1.62
Q4 2024$6.9B$2.3B-$4.6B1.69
Q1 2025$7.6B$2.3B-$5.3B1.27
Q2 2025$7.4B$2.3B-$5.1B1.23
Q3 2025$7.6B$2.5B-$5.1B1.39
Q4 2025$6.6B$2.3B-$4.3B1.38
Q1 2026$7.1B$2.5B-$4.6B1.44
Q2 2026$6.8B$2.5B-$4.3B1.41
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$80B$74.6B21.414.6
Q4 2024$81.9B$77.3B33.044.4
Q1 2025$74.2B$68.9B32.7119.5
Q2 2025$81.4B$76.3B26.331.8
Q3 2025$75.4B$70.3B18.413.7
Q4 2025$83.2B$78.9B29.760.6
Q1 2026$75.5B$71B28.2116.9
Q2 2026$84.7B$80.4B23.525.9
Historical value series
Revenue
Q3 2023: $3.4BQ4 2023: $2.2BQ1 2024: $2.1BQ2 2024: $2.7BQ3 2024: $3.7BQ4 2024: $2.5BQ1 2025: $2.3BQ2 2025: $3.1BQ3 2025: $4.1BQ4 2025: $2.8BQ1 2026: $2.7BQ2 2026: $3.6BQ3 2023Q2 2026
Net income
Q3 2023: $4.4BQ4 2023: -$349MQ1 2024: $264MQ2 2024: $555MQ3 2024: $1.4BQ4 2024: $461MQ1 2025: $154MQ2 2025: $642MQ3 2025: $1.4BQ4 2025: $341MQ1 2026: $160MQ2 2026: $816MQ3 2023Q2 2026
EBITDA
Q3 2023: $1.7BQ4 2023: -$296MQ1 2024: $307MQ2 2024: $695MQ3 2024: $1.8BQ4 2024: $644MQ1 2025: $198MQ2 2025: $800MQ3 2025: $1.8BQ4 2025: $317MQ1 2026: $106MQ2 2026: $776MQ3 2023Q2 2026
Free cash flow
Q3 2023: $1.3BQ4 2023: $93MQ1 2024: $1.9BQ2 2024: $1.1BQ3 2024: $1.1BQ4 2024: $466MQ1 2025: $1.8BQ2 2025: $952MQ3 2025: $1.4BQ4 2025: $533MQ1 2026: $1.7BQ2 2026: $1.3BQ3 2023Q2 2026
EPS
Q3 2023: $6.63Q4 2023: -$0.55Q1 2024: $0.41Q2 2024: $0.86Q3 2024: $2.13Q4 2024: $0.73Q1 2025: $0.25Q2 2025: $1.03Q3 2025: $2.21Q4 2025: $0.54Q1 2026: $0.26Q2 2026: $1.37Q3 2023Q2 2026
Cash / Debt
Q3 2023 · Cash: $8.2BQ3 2023 · Debt: $2.3BQ4 2023 · Cash: $6.9BQ4 2023 · Debt: $2.3BQ1 2024 · Cash: $7.9BQ1 2024 · Debt: $2.3BQ2 2024 · Cash: $7.9BQ2 2024 · Debt: $2.3BQ3 2024 · Cash: $7.7BQ3 2024 · Debt: $2.3BQ4 2024 · Cash: $6.9BQ4 2024 · Debt: $2.3BQ1 2025 · Cash: $7.6BQ1 2025 · Debt: $2.3BQ2 2025 · Cash: $7.4BQ2 2025 · Debt: $2.3BQ3 2025 · Cash: $7.6BQ3 2025 · Debt: $2.5BQ4 2025 · Cash: $6.6BQ4 2025 · Debt: $2.3BQ1 2026 · Cash: $7.1BQ1 2026 · Debt: $2.5BQ2 2026 · Cash: $6.8BQ2 2026 · Debt: $2.5BQ3 2023Q2 2026
CashDebt
Profitability
Q3 2023 · Gross margin: +86.5%Q4 2023 · Gross margin: +82.7%Q1 2024 · Gross margin: +77.6%Q2 2024 · Gross margin: +81.6%Q3 2024 · Gross margin: +87.5%Q4 2024 · Gross margin: +82.8%Q1 2025 · Gross margin: +77.7%Q2 2025 · Gross margin: +82.4%Q3 2025 · Gross margin: +86.6%Q4 2025 · Gross margin: +70.9%Q1 2026 · Gross margin: +66.1%Q2 2026 · Gross margin: +82.5%Q3 2023 · Operating margin: +44.0%Q4 2023 · Operating margin: -22.4%Q1 2024 · Operating margin: +4.7%Q2 2024 · Operating margin: +18.1%Q3 2024 · Operating margin: +40.9%Q4 2024 · Operating margin: +17.3%Q1 2025 · Operating margin: +1.7%Q2 2025 · Operating margin: +19.8%Q3 2025 · Operating margin: +39.7%Q4 2025 · Operating margin: +10.5%Q1 2026 · Operating margin: +3.1%Q2 2026 · Operating margin: +21.0%Q3 2023 · Net margin: +128.8%Q4 2023 · Net margin: -15.7%Q1 2024 · Net margin: +12.3%Q2 2024 · Net margin: +20.2%Q3 2024 · Net margin: +36.7%Q4 2024 · Net margin: +18.6%Q1 2025 · Net margin: +6.8%Q2 2025 · Net margin: +20.7%Q3 2025 · Net margin: +33.6%Q4 2025 · Net margin: +12.2%Q1 2026 · Net margin: +6.0%Q2 2026 · Net margin: +22.6%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth
Q2 2024: +10.6%Q3 2024: +9.9%Q4 2024: +11.8%Q1 2025: +6.1%Q2 2025: +12.7%Q3 2025: +9.7%Q4 2025: +12.9%Q1 2026: +17.9%Q2 2026: +16.5%Q3 2023Q2 2026
Shares outstanding
Q3 2023: 660MQ4 2023: 638MQ1 2024: 654MQ2 2024: 649MQ3 2024: 642MQ4 2024: 623MQ1 2025: 632MQ2 2025: 626MQ3 2025: 621MQ4 2025: 623MQ1 2026: 608MQ2 2026: 597MQ3 2023Q2 2026
Valuation
Q3 2023 · P/E: 5.0Q4 2023 · P/E: -61.9Q1 2024 · P/E: 99.6Q2 2024 · P/E: 43.1Q3 2024 · P/E: 14.6Q4 2024 · P/E: 44.4Q1 2025 · P/E: 119.5Q2 2025 · P/E: 31.8Q3 2025 · P/E: 13.7Q4 2025 · P/E: 60.6Q1 2026 · P/E: 116.9Q2 2026 · P/E: 25.9Q3 2023 · P/S: 25.9Q4 2023 · P/S: 39.2Q1 2024 · P/S: 48.7Q2 2024 · P/S: 35.0Q3 2024 · P/S: 21.4Q4 2024 · P/S: 33.0Q1 2025 · P/S: 32.7Q2 2025 · P/S: 26.3Q3 2025 · P/S: 18.4Q4 2025 · P/S: 29.7Q1 2026 · P/S: 28.2Q2 2026 · P/S: 23.5Q3 2023Q2 2026
P/EP/S
Revenue
2018: $3.7B2019: $4.8B2020: $3.4B2021: $6B2022: $8.4B2023: $9.9B2024: $11.1B2025: $12.3B20182025
Net income
2018: -$16.9M2019: -$674.3M2020: -$4.6B2021: -$352M2022: $1.9B2023: $4.8B2024: $2.6B2025: $2.5B20182025
EBITDA
2018: $155.6M2019: -$287.6M2020: -$4.4B2021: $276M2022: $2B2023: $2.2B2024: $3.4B2025: $2.7B20182025
Free cash flow
2018: $504.9M2019: $97.3M2020: -$667.1M2021: $2.3B2022: $3.4B2023: $3.9B2024: $4.5B2025: $4.6B20182025
EPS
2018: -$0.032019: -$1.272020: -$7.722021: -$0.572022: $2.792023: $7.242024: $4.112025: $4.0320182025
Cash / Debt
2018 · Cash: $2.1B2018 · Debt: $02019 · Cash: $2B2019 · Debt: $419.4M2020 · Cash: $5.5B2020 · Debt: $2.3B2021 · Cash: $6.1B2021 · Debt: $2.4B2022 · Cash: $7.4B2022 · Debt: $2.3B2023 · Cash: $6.9B2023 · Debt: $2.3B2024 · Cash: $6.9B2024 · Debt: $2.3B2025 · Cash: $6.6B2025 · Debt: $2.3B20182025
CashDebt
Profitability
2018 · Gross margin: +76.3%2019 · Gross margin: +75.1%2020 · Gross margin: +74.1%2021 · Gross margin: +80.7%2022 · Gross margin: +82.2%2023 · Gross margin: +82.8%2024 · Gross margin: +83.1%2025 · Gross margin: +72.3%2018 · Operating margin: +0.5%2019 · Operating margin: -10.4%2020 · Operating margin: -106.3%2021 · Operating margin: +7.2%2022 · Operating margin: +21.5%2023 · Operating margin: +15.3%2024 · Operating margin: +23.0%2025 · Operating margin: +21.2%2018 · Net margin: -0.5%2019 · Net margin: -14.0%2020 · Net margin: -135.7%2021 · Net margin: -5.9%2022 · Net margin: +22.5%2023 · Net margin: +48.3%2024 · Net margin: +23.9%2025 · Net margin: +20.4%20182025
Gross marginOperating marginNet margin
Revenue growth
2019: +31.6%2020: -29.7%2021: +77.4%2022: +40.2%2023: +18.1%2024: +11.9%2025: +10.8%20182025
Shares outstanding
2018: 530.9M2019: 530.9M2020: 594.1M2021: 616M2022: 680M2023: 662M2024: 645M2025: 623M20182025
Valuation
2018 · P/E: -4,550.62019 · P/E: -113.92020 · P/E: -19.02021 · P/E: -292.12022 · P/E: 28.82023 · P/E: 18.12024 · P/E: 31.42025 · P/E: 33.12018 · P/S: 21.02019 · P/S: 16.02020 · P/S: 25.82021 · P/S: 17.12022 · P/S: 6.52023 · P/S: 8.72024 · P/S: 7.52025 · P/S: 6.820182025
P/EP/S

Refreshed 1h ago

Next catalyst

Catalysts

Earnings
2026-11-05
Revenue est. $4.7B · Updated 1h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20265.29$14.2B+15%29
FY 20276.21$15.8B+28%31
FY 20287.40$17.4B+42%23
FY 20299.09$19.3B+57%10
FY 203011.00$20.7B+68%10
Q1 20270.42$3B+12%15

Company events

6
2026-11-05EarningsActual - / Estimate 2.88-
2026-08-06Earnings · After market closeActual 1.37 / Estimate 1.26Beat
2026-05-07EarningsActual 0.26 / Estimate 0.3Miss
2026-02-12EarningsActual 0.56 / Estimate 0.67Miss
2025-11-06EarningsActual 2.21 / Estimate 2.31Miss
2025-08-06EarningsActual 1.03 / Estimate 0.94Beat

Peer comparison

Similar listed perps

Frequently asked questions

Where can I trade ABNB perpetual futures?

Airbnb (ABNB) perpetual futures trade on 5 crypto venues, including LBank, BingX, Bitget. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade ABNB around the clock?

Yes. Unlike the underlying stock, ABNB perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on ABNB perpetuals?

Right now the ABNB perp funding rate is 0.0% annualized (venue median), ranging from -5.5% to +24.1% across 5 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the ABNB perp price compare to the Airbnb stock?

The venue-median ABNB perp mark is $169.7 versus a reference stock price of $169.9, a basis of -0.1%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a ABNB perpetual future?

A ABNB perpetual is a derivative that tracks the price of Airbnb with no expiry date. It lets you take long or short exposure to Airbnb on crypto venues, around the clock.

What is ABNBUSDT perpetual?

ABNBUSDT is the symbol most crypto exchanges use for the Airbnb perpetual settled in USDT (Tether). It tracks the ABNB share price through an index, trades 24/7 with leverage and never expires.

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