Airbnb vs Expedia Group (ABNB vs EXPE)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Expedia Group is the larger company by revenue ($14.7B vs $12.2B). Airbnb carries the larger market value ($96.0B vs $31.2B). Airbnb has grown revenue faster over the last 4 fiscal years (+104.3% cumulative vs +71.4%). Airbnb runs the higher operating margin (20.8% vs 12.7%). Expedia Group trades at the lower trailing P/E (16.3x vs 37.4x).
About Airbnb
Airbnb, Inc. operates a global online marketplace that connects guests with hosts offering unique stays, experiences, and services in over 220 countries and regions. The company provides a platform for hosts to list and manage their properties and for guests to discover and book accommodations and activities through its website and mobile app. Airbnb serves a global community of hosts and travelers, supporting secure payments, customer support, and trust and safety features.
Head to head (ABNB FY2025 vs EXPE FY2025)
| Metric | ABNBFY2025 | EXPEFY2025 |
|---|---|---|
| Revenue | $12.24B | $14.73B |
| Revenue growth (YoY) | 10.3% | 7.6% |
| Gross margin | 83.0% | — |
| Operating margin | 20.8% | 12.7% |
| Net margin | 20.5% | 8.8% |
| Net income | $2.51B | $1.29B |
| Diluted EPS | — | $9.81 |
| FCF margin | — | 21.1% |
| ROE | 30.6% | 50.8% |
| Long-term debt / equity | 0.00× | 1.75× |
| Market cap | $96.04B | $31.21B |
| P/E | 37.4× | 16.3× |
Fundamentals are from each company’s SEC filings (ABNB FY2025, EXPE FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| ABNB | $5.99B | $8.40B | $9.92B | $11.10B | $12.24B |
| EXPE | $8.60B | $11.67B | $12.84B | $13.69B | $14.73B |
Peer standing
Where each company ranks among the 403 Consumer Discretionary companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | ABNB | EXPE |
|---|---|---|
| Operating margin | 20.8%93rd percentile of 347 | 12.7%82nd percentile of 347 |
| Net margin | 20.5%97th percentile of 376 | 8.8%77th percentile of 376 |
| Revenue growth (YoY) | +10.3%79th percentile of 394 | +7.6%68th percentile of 394 |
| ROE | 30.6%85th percentile of 343 | 50.8%93rd percentile of 343 |
| P/E | 37.4×87th percentile of 247 | 16.3×43rd percentile of 247 |
| Long-term debt / equity | 0.00×1st percentile of 235 | 1.75×85th percentile of 235 |
| Short interest (days to cover) | 3.67d40th percentile of 401 | 3.13d33rd percentile of 401 |
Short interest
| FINRA settlement data | ABNB | EXPE |
|---|---|---|
| Shares sold short | 14.5M | 6.3M |
| Change vs prior settlement | +1.8% | +20.9% |
| Days to cover | 3.67 | 3.13 |
| As of settlement | 2026-09-15 | 2026-09-15 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | ABNB | EXPE |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 99 ($620.3M) | 5 ($3.9M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
8 tracked 13F managers hold both Airbnb and Expedia Group as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Renaissance Technologies, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.