SABR

MKT CAP:$709M

Sabre Corporation

Market Cap

$709M

Consumer Cyclical·Travel Services·🇺🇸 United States·NASDAQ

Consumer Cyc.·Travel Services·🇺🇸·NASDAQ

Stock Price

$1.82+$0.49 (+36.84%)

Apr 24, 2026

Company Details

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides software and technology solutions for the travel industry worldwide. It operates in two segments, Travel Solutions and Hospitality Solutions. The Travel Solutio...

CEO

Kurt J. Ekert

IPO Date

Apr 17, 2014

Website

www.sabre.com

Key Metrics TTM

Revenue

$2.9B

+0.3% YoY

Net Income

-$319M

EPS (Diluted)

-$0.82

Free Cash Flow

$94M

Revenue / Share

$7.24

Gross Margin

36.0%

Operating Margin

9.6%

Net Margin

-11.2%

FCF Margin

3.3%

P/S

0.2x

P/E

—

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 18, 2026

$2.8B-8.5%EPS $1.34

Q4 2025

Feb 18, 2026

$667M-6.7%EPS -$0.26

FY 2024

Feb 20, 2025

$3.0B+4.2%EPS -$0.73

Q4 2024

Feb 20, 2025

$715MEPS -$0.19

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 20	$83M	-$260M	-$384M
Q3 20	$278M	-$113M	-$233M
Q1 21	$327M	-$72M	-$203M
Q2 21	$420M	-$21M	-$180M
Q3 21	$441M	$546.0K	-$157M
Q1 22	$585M	$88M	-$80M
Q2 22	$658M	$106M	-$70M
Q3 22	$663M	$116M	-$57M
Q4 22	$631M	$90M	-$55M
Q1 23	$743M	$164M	-$213.0K
Q2 23	$738M	$137M	-$42M
Q3 23	$740M	$203M	$52M
Q1 24	$783M	$240M	$98M
Q2 24	$695M	$203M	$49M
Q4 24	$715M	$212M	$57M
Q4 25	$667M	$374M	$72M

Valuation

Quarter	P/S	P/E
Q2 20	—	—
Q3 20	0.4x	—
Q1 21	0.5x	—
Q2 21	0.6x	—
Q3 21	0.5x	—
Q1 22	0.4x	—
Q2 22	0.3x	—
Q3 22	0.3x	—
Q4 22	0.3x	—
Q1 23	0.3x	—
Q2 23	0.3x	—
Q3 23	0.2x	—
Q1 24	0.2x	—
Q2 24	0.2x	—
Q4 24	0.2x	—
Q4 25	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 20	-$435M	-$446M
Q3 20	-$192M	-$201M
Q1 21	-$197M	-$204M
Q2 21	-$141M	-$152M
Q3 21	-$70M	-$83M
Q1 22	-$139M	-$156M
Q2 22	-$73M	-$89M
Q3 22	-$102M	-$123M
Q4 22	$38M	$22M
Q1 23	-$72M	-$91M
Q2 23	-$27M	-$57M
Q3 23	$59M	$39M
Q1 24	-$68M	-$96M
Q2 24	$28M	$10M
Q4 24	$83M	$67M
Q4 25	$137M	$113M

Capital Expenditures

Quarter	CapEx
Q2 20	$11M
Q3 20	$9M
Q1 21	$6M
Q2 21	$11M
Q3 21	$13M
Q1 22	$17M
Q2 22	$16M
Q3 22	$20M
Q4 22	$16M
Q1 23	$18M
Q2 23	$30M
Q3 23	$20M
Q1 24	$28M
Q2 24	$18M
Q4 24	$16M
Q4 25	$23M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	-66.9%	-35.6%
Q2 21	-36.3%	-26.0%
Q3 21	+431.1%	+28.0%
Q1 22	+110.1%	+29.9%
Q2 22	+100.8%	+37.3%
Q3 22	+58.1%	+20.0%
Q4 22	+43.1%	+14.8%
Q1 23	+27.0%	+11.8%
Q2 23	+12.2%	+7.1%
Q3 23	+11.6%	-4.4%
Q1 24	+24.0%	-0.2%
Q2 24	-6.4%	-13.0%
Q4 24	-3.1%	-15.7%
Q4 25	-10.0%	-13.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$14M	1.9%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 20	—	$124M
Q3 20	—	$120M
Q1 21	—	$131M
Q2 21	—	$159M
Q3 21	—	$157M
Q1 22	—	$168M
Q2 22	—	$176M
Q3 22	—	$172M
Q4 22	—	$145M
Q1 23	—	$164M
Q2 23	—	$179M
Q3 23	—	$151M
Q1 24	—	$141M
Q2 24	—	$154M
Q4 24	—	$155M
Q4 25	$195M	$107M

Revenue Segments

Quarter	Airline Solutions Segment	Hospitality Solutions Segment	Travel Network Segment	Travel Solutions Segment
Q2 20	$90M	$29M	-$33M	—
Q3 20	—	$45M	—	$237M
Q1 21	—	$42M	—	$289M
Q2 21	—	$51M	—	$373M
Q3 21	—	$55M	—	$390M
Q1 22	—	$56M	—	$534M
Q2 22	—	$66M	—	$599M
Q3 22	—	$67M	—	$604M
Q4 22	—	$65M	—	$574M
Q1 23	—	$74M	—	$677M
Q2 23	—	$77M	—	$671M
Q3 23	—	$79M	—	$672M
Q1 24	—	$79M	—	$714M
Q4 24	—	$81M	—	$645M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.2B	$0	$1.2B
Q2 22	$992M	$0	$992M
Q3 22	$783M	$0	$783M
Q4 22	$795M	$54M	$849M
Q1 23	$817M	$0	$817M
Q2 23	$706M	$0	$706M
Q3 23	$602M	$0	$602M
Q4 23	$648M	$52M	$700M
Q1 24	$629M	$0	$629M
Q2 24	$613M	$0	$613M
Q3 24	$669M	$0	$669M
Q4 24	$724M	$555.0K	$725M
Q1 25	$651M	$0	$651M
Q2 25	$426M	$0	$426M
Q3 25	$683M	$0	$683M
Q4 25	$792M	$0	$792M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 20	276M	+0.6%	—
Q3 20	292M	+6.1%	—
Q1 21	318M	+8.6%	+14.7%
Q2 21	320M	+0.7%	+16.7%
Q3 21	323M	+0.9%	+17.1%
Q1 22	409M	+26.9%	+40.0%
Q2 22	327M	-20.2%	+2.8%
Q3 22	328M	+0.5%	+2.6%
Q4 22	328M	+0.1%	+1.8%
Q1 23	329M	+0.1%	-19.7%
Q2 23	332M	+1.0%	+1.7%
Q3 23	345M	+3.9%	+5.1%
Q1 24	380M	+10.0%	+15.6%
Q2 24	384M	+1.0%	+16.6%
Q4 24	386M	+0.6%	+16.2%
Q4 25	395M	+2.3%	+14.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 20	$9.0K	9K
Q3 20	$30.1K	9K
Q1 21	$43.5K	8K
Q2 21	$55.7K	8K
Q3 21	$58.6K	8K
Q1 22	$77.1K	8K
Q2 22	$86.7K	8K
Q3 22	$87.5K	8K
Q4 22	$84.6K	7K
Q1 23	$99.5K	7K
Q2 23	$98.9K	7K
Q3 23	$99.2K	7K
Q1 24	$125.6K	6K
Q2 24	$111.5K	6K
Q4 24	$114.3K	6K
Q4 25	$143.3K	5K

Revenue / Employee