Airbnb vs Expedia
Expedia is the larger business, with $14.73bn of revenue in fiscal 2025 against $12.24bn for Airbnb (1.2 times as much). Airbnb grew faster (10.3% against 7.6%). Airbnb kept more of each dollar of sales as profit: a net margin of 20.5% against 8.8%. Airbnb carries less debt relative to equity (24.4% against 479.8%).
| Latest fiscal year | AirbnbABNB, 2025 | ExpediaEXPE, 2025 |
|---|---|---|
| Revenue | $12.24bn | $14.73bn |
| Revenue growth | 10.3% | 7.6% |
| Net income | $2.51bn | $1.29bn |
| Operating margin | 20.8% | 12.7% |
| Net margin | 20.5% | 8.8% |
| Return on equity | 30.2% | 91.1% |
| Free cash flow | $4.65bn | $3.11bn |
| Cash | $6.56bn | $5.41bn |
| Total debt | $2.00bn | $6.16bn |
| Debt to equity | 24.4% | 479.8% |
| Dividend per share | — | $1.60 |
| Dividend yield | — | 0.6% |
| Share buybacks | $3.79bn | $1.93bn |
| Employees | 8,200 | 16,000 |
| Market value | $100.04bn | $32.79bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 61 (Moderate) | 57 (Moderate) |
| Insider trades, 12 months | 0 buys, 317 sales | 0 buys, 12 sales |