ABNB

Airbnb, Inc.

Consumer Cyclical · $93.5B market cap

Share price

$162.43

close of Oct 3, 2026

Fair value

$124.20

Sticker Price

Payback Price

$49.68

buy price

Overpriced

ABNB is Overpriced: at $162.43 it trades 31% above its fair value of $124.20. Its buy price (Payback Price) is $49.68, 69% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow Growth. Free cash flow is growing faster than reported earnings, so we project free cash flow 10 years ahead instead.

Business quality

4 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth3.0% a year✗

Equity per share growth14.9% a year✓

Sales growth21.0% a year✓

Free cash flow growth25.0% a year✓

Return on invested capital17.3%✓

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Superinvestors

5 of the investors we track hold ABNB. In Q2 2026, 3 trimmed. Who we track

Bill Nygren

Oakmark Funds · as of Q2 2026

$2.7B

18,861,551 shares

Polen Capital Management

Polen Capital Management · as of Q2 2026

$236.1M

1,649,884 shares

Chuck Akre

Akre Capital Management · as of Q2 2026

$169.4M

1,183,749 shares

Thomas Gayner

Markel Group · as of Q2 2026

$34.7M

242,389 shares

Bill Miller

Miller Value Partners · as of Q2 2026

$1.3M

8,921 shares

Moves in Q2 2026

Trimmed: Polen Capital Management, Chuck Akre, Bill Miller

Insider activity

Since Jul 30, 2026: no open-market purchases, 69 sales worth $223.6M and 31 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Bernstein David C

Chief Accounting Officer · 2026-09-01

Sold

$953K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-31

Sold

$45K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-31

Sold

$701K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-31

Sold

$700K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-31

Sold

$753K

Show all 69 sales

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-31

Sold

$350K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-28

Sold

$2.3M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-28

Sold

$8.6M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-26

Sold

$115K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-26

Sold

$1.4M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-26

Sold

$2.3M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-25

Sold

$530K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-25

Sold

$38.0M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-24

Sold

$946K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-24

Sold

$4.7M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-24

Sold

$4.4M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-24

Sold

$18.7M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-20

Sold

$505K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-17

Sold

$822K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-17

Sold

$1.7M

CHENAULT KENNETH I

director · 2026-08-07

Sold

$1.4M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-07

Sold

$229K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-07

Sold

$10.9M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-07

Sold

$39.9M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-07

Sold

$21.3M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-07

Sold

$6.9M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-07

Sold

$2.9M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-07

Sold

$2.8M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-07

Sold

$1.1M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-07

Sold

$3.7M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-07

Sold

$2.3M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-07

Sold

$454K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-07

Sold

$132K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$1.4M

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$4.7M

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$2.1M

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$13.4M

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$7.0M

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$2.9M

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$554K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$375K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$205K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$60K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$221K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$100K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$117K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$280K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$1.5M

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$16K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$126K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$387K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$239K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$1.0M

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$632K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$234K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$50K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$23K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$24K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$186K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$61K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$101K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$150K

Chesky Brian

CEO and Chairman · 2026-08-07

Sold

$233K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-03

Sold

$22K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-03

Sold

$261K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-03

Sold

$76K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-03

Sold

$1.6M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-03

Sold

$151K

Mertz Elinor

Chief Financial Officer · 2026-08-03

Sold

$575K

Other filings

Bernstein David C

Chief Accounting Officer · 2026-09-01

Option exercise

$210K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-31

G-Gift

4,077 shares

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-31

C-Conversion

17,692 shares

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-28

C-Conversion

57,160 shares

Chesky Brian

CEO and Chairman · 2026-08-28

G-Gift

76,500 shares

Show all 31 other filings

Chesky Brian

CEO and Chairman · 2026-08-28

C-Conversion

76,500 shares

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-26

C-Conversion

19,659 shares

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-25

G-Gift

159,000 shares

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-25

C-Conversion

361,652 shares

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-24

C-Conversion

150,640 shares

Gebbia Joseph

director · 2026-08-24

G-Gift

960,000 shares

Gebbia Joseph

director · 2026-08-24

C-Conversion

960,000 shares

Mertz Elinor

Chief Financial Officer · 2026-08-19

Tax withholding

$1.3M

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-19

Tax withholding

$749K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-19

C-Conversion

450 shares

Bernstein David C

Chief Accounting Officer · 2026-08-19

Tax withholding

$196K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-17

C-Conversion

17,692 shares

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-17

G-Gift

4,077 shares

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-11

C-Conversion

400 shares

Lin Alfred

director · 2026-08-11

J-Other

541,488 shares

Lin Alfred

director · 2026-08-11

J-Other

4,105,236 shares

Lin Alfred

director · 2026-08-11

J-Other

102,746 shares

Lin Alfred

director · 2026-08-11

C-Conversion

538,086 shares

Lin Alfred

director · 2026-08-11

C-Conversion

4,105,236 shares

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-10

G-Gift

159,000 shares

CHENAULT KENNETH I

director · 2026-08-07

Option exercise

$500K

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-07

C-Conversion

690,000 shares

Chesky Brian

CEO and Chairman · 2026-08-07

C-Conversion

20,000 shares

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-03

G-Gift

4,077 shares

Blecharczyk Nathan

Chief Strategy Officer · 2026-08-03

C-Conversion

17,692 shares

Blecharczyk Nathan

Chief Strategy Officer · 2026-07-30

G-Gift

4,077 shares

About Airbnb, Inc.

Airbnb, Inc., along with its affiliated entities, manages a global digital marketplace. This platform seamlessly connects individuals, known as hosts, who wish to offer a variety of accommodations and unique local experiences, with guests seeking such services worldwide. Users can easily book anything from private rooms and primary residences to vacation homes through its online and mobile channels. Originally…

Travel Services

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works

Verdict

How we valued it

Business quality

Superinvestors

Insider activity

Sales

Other filings

About Airbnb, Inc.