Airbnb (ABNB)财务
NASDAQ · Consumer Cyclical · Travel Services · 员工8,200人 · CEO Brian Chesky
- 股价
- $164.39 -1.24%
- 市值
- $984亿
- 企业价值
- $941亿
- 最近财报
- Q2 '26 2026-08-06提交
- 下次财报
- 2026-11-05 EPS预期 $2.85
营收(TTM)$132亿+13.8% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)21.0%-1.5 百分点 对比去年同期营业利润 $27.6亿
净利润(TTM)$26.9亿+2.5% 对比去年同期税后,含营业外收益
自由现金流(TTM)$48.7亿+13.6% 对比去年同期资本支出 -$700万
稀释EPS(TTM)$4.38+5.8% 对比去年同期最近4个季度之和
净现金$95.7亿+5.5% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $984亿 EV $941亿
- 营收
- $132亿 过去12个月
- 营收增速
- +15% FY2026年一致预期
- 净利润率
- 20.4% 净利润 / 营收,TTM
- P/E
- 37.2× 预期 31.0×(FY2026)
- P/S
- 7.5× 股价 / 营收,TTM
- EV / EBITDA
- 31.2× TTM
- 自由现金流
- $48.7亿 过去12个月
- 净利润
- $26.9亿 过去12个月
- 营收预期
- $142亿 FY2026年一致预期
- 盈利
- 2026-11-05 营收预期 $47.5亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-06):营收超预期0.8%,EPS 超预期8.7%营收$36.1亿,预期$35.8亿(+0.8%);EPS $1.37,预期$1.26(+8.7%)。
- 营收增长加速:同比16.5%Q2 '26营收$36.1亿,此前四个季度的平均值为13.3%。
- 营业利润率21.0%(TTM),较去年同期-1.5 百分点营收增长13.8%,营业利润增长6.0%。
- 税前利润的17.9%来自营业外收益税前利润$33.6亿,营业利润$27.6亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的0.1%(去年为0.2%)最近4个季度投入$700万(同比-69.6%)。自由现金流$48.7亿,相当于净利润的180.9%。
- 股东回报$42.5亿 = 自由现金流的87.3%回购$42.5亿(去年为$37.5亿),股息$0,股权激励$17.1亿(TTM)。
- 稀释股数一年内减少4.6%Q2 '26稀释股数5.97亿,一年前为6.26亿。
- 净现金 $95.7亿现金 + 短期投资 $121亿,含租赁债务 $25亿;一年前净现金 $90.7亿。
- Reportable Segment:营收+16.5%,利润率21.0%(此前为19.8%)Q2 '26增长最快的披露分部:营收$36.1亿,营业利润$7.58亿(来自财报的分部附注)。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $36.1亿 | $31亿 | +16.5% |
| 毛利率 | 82.5% | 82.4% | 0.0 百分点 |
| 营业利润 | $7.59亿 | $6.12亿 | +24.0% |
| 营业利润率 | 21.0% | 19.8% | +1.3 百分点 |
| 净利润 | $8.16亿 | $6.42亿 | +27.1% |
| 稀释EPS | $1.37 | $1.03 | +33.0% |
| 经营现金流 | $12.7亿 | $9.75亿 | +30.3% |
| 资本支出 | $0 | $2300万 | -100.0% |
| 自由现金流 | $12.7亿 | $9.52亿 | +33.4% |
| R&D | $6.72亿 | $6.1亿 | +10.2% |
| 股权激励费用 | $4.87亿 | $4.24亿 | +14.9% |
实际 vs 一致预期
2026-08-06| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $36.1亿 | $35.8亿 | +0.8% |
| EPS(一致预期口径) | $1.37 | $1.26 | +8.7% |
来自2026-08-06发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Reportable Segment | $36.1亿 | +16.5% | 100.0% | $132亿 | – |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| North America | $15.9亿 | +15.8% | 44.2% | $55亿 | -14.4% | |
| EMEA | $14.3亿 | +15.6% | 39.5% | $50.7亿 | -6.1% | |
| Asia Pacific | $2.98亿 | +16.9% | 8.3% | $12.6亿 | -0.7% | |
| Latin America | $2.91亿 | +26.0% | 8.1% | $13.3亿 | +7.4% |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q2 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Reportable Segment | $36.1亿 | +16.5% | $7.58亿 | +23.9% | 21.0% | 19.8% | $27.4亿 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $48.6亿
- 资本支出
- $700万
- 股票回购
- -$42.5亿
- 股息
- $0
- 收购
- $0
- 债务净发行
- $4.78亿
- 股权激励费用
- $17.1亿
- 自由现金流
- $48.7亿
- 股东回报 / FCF
- 87.3%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 37.2× | 27.8× 5年中的4年 | 18.1× – 33.1× |
| EV / EBITDA | 31.2× | 94.5× | 23.1× – 358.4× |
| EV / 营收 | 7.1× | 8.8× | 5.9× – 16.5× |
| 股价 / FCF | 20.2× | 23.8× | 16.0× – 44.3× |
| 股价 / 净资产 | 12.5× | 12.4× | 9.8× – 21.5× |
| FCF收益率 | 4.9% | 4.8% | 2.3% – 6.3% |
| 投入资本回报率 | 20.7% | 15.9% | 5.8% – 21.1% |
| 净资产收益率 | 33.4% | 29.5% | -7.4% – 58.7% |
分析师
一致目标价 $183.91 (+11.9%)
区间 $125.00 – $220.00 · 评级 Buy
强烈买入0
买入24
持有18
卖出4
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $142亿 | +15.3% | $5.31 | +31.8% | 31.0× | 30 |
| FY2027 | $158亿 | +11.5% | $6.26 | +18.0% | 26.2× | 30 |
| FY2028 | $175亿 | +10.7% | $7.40 | +18.2% | 22.2× | 24 |
| FY2029 | $193亿 | +10.3% | $8.93 | +20.6% | 18.4× | 21 |
| FY2030 | $208亿 | +7.7% | $10.70 | +19.8% | 15.4× | 13 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Airbnb, Inc.在近期10-Q / 10-K文件中标记的全部266项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable and Accrued Liabilities, Current | $30.4亿 | $29亿 | +4.9% | $29.5亿 | $26.1亿 | +12.8% |
| Accounts Payable, Current | $1.44亿 | $2.21亿 | -34.8% | $2.32亿 | $1.42亿 | +63.4% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $2.09亿 | – | – | – | – | – |
| Accounts Receivable, Allowance for Credit Loss, Current | $3600万 | $3800万 | -5.3% | $3900万 | $2800万 | +39.3% |
| Accounts Receivable, before Allowance for Credit Loss, Current | $2.45亿 | $2.24亿 | +9.4% | $2.25亿 | $1.75亿 | +28.6% |
| Accrued Income Taxes | $1.99亿2025-12-31 | $5500万 | +261.8% | $0 | $5500万 | -100.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $2.03亿2025-12-31 | $1.41亿 | +44.0% | $2.03亿 | $1.41亿 | +44.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $1900万 | -$1.28亿 | +114.8% | -$6200万 | $3500万 | -277.1% |
| Additional Paid in Capital | $144亿 | $132亿 | +9.6% | $138亿 | $126亿 | +9.2% |
| Advertising Expense | – | – | – | $8.43亿 | $11亿 | -23.4% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1300万 | 1900万 | -31.6% | 1300万 | 900万 | +44.4% |
| APIC, Share-based Payment Arrangement, Option, Increase for Cost Recognition | $4.87亿 | $4.25亿 | +14.6% | $16亿 | $14.2亿 | +12.4% |
| Assets | $288亿 | $270亿 | +6.5% | $222亿 | $210亿 | +6.0% |
| Assets, Current | $255亿 | $232亿 | +9.9% | $188亿 | $172亿 | +9.4% |
| Assets, Fair Value Disclosure | $61.1亿 | – | – | $65.7亿 | $63.3亿 | +3.8% |
| Cash and Cash Equivalents, at Carrying Value | $68.2亿 | $74亿 | -7.8% | $65.6亿 | $68.6亿 | -4.4% |
| Cash and Cash Equivalents, Fair Value Disclosure | $12.1亿 | – | – | $10.6亿 | $18.2亿 | -41.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $190亿 | $184亿 | +3.3% | $135亿 | $128亿 | +5.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $14.6亿 | $16.9亿 | -13.6% | $7.26亿 | $9300万 | +680.6% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Value, Issued | $0 | $0 | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $8.37亿 | $5.35亿 | +56.4% | $24.1亿 | $27.3亿 | -11.6% |
| Contract with Customer, Liability | $122亿 | $111亿 | +10.5% | $69.6亿 | $59.3亿 | +17.3% |
| Cost of Revenue | $6.33亿 | $5.44亿 | +16.4% | $20.9亿 | $18.8亿 | +11.1% |
| Costs and Expenses | $28.5亿 | $24.8亿 | +14.7% | $97亿 | $85.5亿 | +13.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | $8000万 | $1.03亿 | -22.3% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.45亿 | $1.24亿 | +16.9% |
| Current Income Tax Expense (Benefit) | – | – | – | $2.5亿 | $2.5亿 | 0.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $2500万 | $2300万 | +8.7% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $2100万 | – | – | $1300万2022-12-31 | $1700万 | -23.5% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $12.4亿 | $17.3亿 | -28.6% | $15.2亿 | $17.9亿 | -14.9% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $1200万2025-09-30 | $1200万 | 0.0% | $1400万2023-12-31 | $1300万 | +7.7% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $2.27亿 | $1.36亿 | +66.9% | $3600万 | $2.69亿 | -86.6% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $12.4亿 | $17.4亿 | -28.6% | $15.3亿 | $17.9亿 | -14.8% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $20.5亿 | $5.82亿 | +251.5% | $1.61亿 | $11亿 | -85.4% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $1200万 | – | – | – | – | – |
| Debt Securities, Unrealized Gain (Loss) | -$600万 | $100万 | -700.0% | -$1200万 | -$1700万 | +29.4% |
| DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest | $0 | $0 | – | $0 | $0 | – |
| DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss | $41.4亿 | $32.6亿 | +27.1% | $33.2亿 | $30.6亿 | +8.6% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterest | $41.2亿 | $32.5亿 | +26.8% | $33.3亿 | $30.5亿 | +9.1% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent | $41.2亿 | – | – | $33.2亿 | $30.5亿 | +9.1% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $3.48亿 | $3.97亿 | -12.3% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$700万 | $0 | – |
| Deferred Income Tax Assets, Net | $19.1亿 | $24.3亿 | -21.3% | $21亿 | $24.4亿 | -13.8% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $3.76亿 | $4.33亿 | -13.2% |
| Deferred Income Taxes and Tax Credits | $2500万 | $6900万 | -63.8% | $3.76亿 | $4.33亿 | -13.2% |
| Deferred Revenue, Current | $28.3亿 | $28.6亿 | -0.9% | $17.4亿 | $16.2亿 | +7.9% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $3500万 | $3600万 | -2.8% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $1.11亿2025-12-31 | $1.4亿 | -20.7% | $1.11亿 | $1.4亿 | -20.7% |
| Deferred Tax Assets, Gross | $27.7亿2025-12-31 | $28.8亿 | -4.0% | $27.7亿 | $28.8亿 | -4.0% |
| Deferred Tax Assets, in Process Research and Development | $10.5亿2025-12-31 | $8.82亿 | +18.9% | $10.5亿 | $8.82亿 | +18.9% |
| Deferred Tax Assets, Net | $21亿2025-12-31 | $24.4亿 | -13.8% | $21亿 | $24.4亿 | -13.8% |
| Deferred Tax Assets, Net of Valuation Allowance | $21.4亿2025-12-31 | $24.9亿 | -14.0% | $21.4亿 | $24.9亿 | -14.0% |
| Deferred Tax Assets, Operating Loss Carryforwards | $2.53亿2025-12-31 | $4.62亿 | -45.2% | $2.53亿 | $4.62亿 | -45.2% |
| Deferred Tax Assets, Operating Loss Carryforwards, Domestic | $02025-12-31 | $18亿 | -100.0% | $0 | $18亿 | -100.0% |
| Deferred Tax Assets, Operating Loss Carryforwards, State and Local | $34亿2025-12-31 | $38亿 | -10.5% | $34亿 | $38亿 | -10.5% |
| Deferred Tax Assets, Other | $1.87亿2025-12-31 | $6200万 | +201.6% | $1.87亿 | $6200万 | +201.6% |
| Deferred Tax Assets, Tax Credit Carryforwards | $8.06亿2025-12-31 | $9.99亿 | -19.3% | $8.06亿 | $9.99亿 | -19.3% |
| Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax | $4亿2025-12-31 | $3.11亿 | +28.6% | $4亿 | $3.11亿 | +28.6% |
| Deferred Tax Assets, Tax Credit Carryforwards, Research | $4.89亿2025-12-31 | $5.54亿 | -11.7% | $4.89亿 | $5.54亿 | -11.7% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-01