Stock Analysis on Net

Airbnb Inc. (NASDAQ:ABNB)

$24.99

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Airbnb Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Total equity
Add: Current portion of long-term debt (per books)
Add: Long-term debt, net of current portion (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2025-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Airbnb Inc., EV calculation

Microsoft Excel
Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Total equity
Add: Current portion of long-term debt (book value)
Add: Long-term debt, net of current portion (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2025-12-31), 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).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Airbnb Inc. Annual Report.

3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


An examination of the financial information reveals fluctuations in enterprise value alongside related equity and debt metrics over a five-year period. The enterprise value generally decreased from 2021 to 2025, although with some interim variations. A closer look at the components contributing to this valuation is warranted.

Enterprise Value Trend
Enterprise value began at US$93,363 million in 2021, decreased to US$76,659 million in 2022, then increased to US$90,604 million in 2023. A subsequent decline was observed in 2024, reaching US$80,315 million, followed by a further decrease to US$61,571 million in 2025. This indicates a general downward trend in enterprise value over the period, despite a temporary increase in 2023.
Equity Value
Common equity and total equity values are identical across all reported years, suggesting no distinction between these measures within the provided information. These values mirrored the trend in enterprise value, starting at US$99,703 million in 2021, decreasing to US$84,294 million in 2022, increasing to US$98,684 million in 2023, decreasing to US$88,931 million in 2024, and finally decreasing to US$70,586 million in 2025. The correlation between equity value and enterprise value is strong.
Total Equity and Debt
Total equity and debt exhibited a similar pattern to enterprise value and equity value. It began at US$101,686 million in 2021, decreased to US$86,281 million in 2022, increased to US$100,675 million in 2023, decreased to US$90,926 million in 2024, and decreased to US$72,585 million in 2025. The fluctuations in this combined value contribute to the overall changes in enterprise value.
Relationship between Components
Enterprise value is calculated using total equity and debt. The observed decreases in both equity and the combined equity and debt figures contribute to the overall decline in enterprise value, particularly evident in 2022 and 2025. The increase in enterprise value in 2023 aligns with the increase in both equity and total equity and debt during that year.

In summary, the enterprise value experienced a general decline over the five-year period, influenced by corresponding changes in equity value and total equity and debt. The year 2023 presented a temporary reversal of this trend, but the downward trajectory resumed in subsequent years.