Sabre Corporation (SABR) Stock Price & How to Invest
Last updated October 2026
Short answer
Sabre (SABR) runs one of the world's three big global distribution systems, the marketplace that connects airlines, hotels and car rental firms to travel agencies, and it sells the software many airlines use to sell and manage seats. It is a heavily leveraged turnaround: at ~$1.68 a share in mid-October 2026 (market cap ~$0.7 billion), the equity sits on top of ~$4.5 billion of debt.
SABR stock price
As of 2026-10-16, Sabre Corporation (SABR) last closed at $1.68, down 5.6% over the past year. Over the past 52 weeks it has traded between $0.8180 and $2.33.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Sabre Corporation's investor relations page. Walnut is informational, not investment advice.
What does Sabre Corporation (SABR) do?
Sabre Corporation, based in Southlake, Texas, operates a global distribution system (GDS) that lets travel agencies, online travel sites and corporate booking tools search and book airline seats, hotel rooms, rental cars and other travel content. It earns a fee on each booking in its Marketplace segment (formerly Distribution), where the average booking fee was about $6.30 in Q2 2026, and it sells reservation, revenue management and operations software to airlines in its Airline Technology segment (formerly IT Solutions). In July 2025 Sabre sold its SynXis hotel software business to an affiliate of TPG for about $1.1 billion and used the proceeds mainly to pay down debt, leaving a company built around travel distribution and airline software.
Second-quarter 2026 results, reported August 6, beat the company's own guidance. Revenue rose 4% to ~$712 million, with Marketplace up 6% to ~$577 million and Airline Technology down 4% to ~$135 million. Air bookings grew only 1% to 76.1 million, but lodging and other bookings rose 5% and hotel-related revenue rose 11%. Adjusted EBITDA climbed 21% to ~$143 million on cost cuts, and free cash flow turned slightly positive at ~$10 million. Management raised full-year pro forma adjusted EBITDA guidance to ~$600 million (+12%) and free cash flow guidance to ~negative $65 million, while noting that Middle East conflict and higher fuel prices were weighing on travel demand.
The investment debate is mostly about the balance sheet. Face value debt was ~$4.48 billion at June 30, 2026 (net debt ~$3.8 billion), much of it in secured notes paying 10.75% to 11.125%, against an equity value of under $1 billion. That leverage makes the stock swing hard: it traded as low as $0.81 over the past year and as high as $2.50. In March 2026 Constellation Software disclosed a ~12.7% stake, and after a brief shareholder rights plan Sabre signed a governance agreement adding a Constellation executive to its board under a 15% standstill. Analysts mostly rate the shares Hold, with a mean target of ~$2.11.
What's driving Sabre Corporation (SABR)?
1. Air distribution bookings
Most of Sabre's revenue is a per-booking fee charged when an agency books a flight through its GDS, so air volume is the single biggest driver. Air bookings were 76.1 million in Q2 2026, up just 1%, and 163.1 million in the first half, up 3%. Full-year guidance calls for low-to-mid-single-digit growth, with Q3 guided flat to low single digits and Q4 back to low-to-mid single digits. Management says Sabre's bookings have outgrown the broader agency market by about 600 basis points since late 2025, a sign of share gains. Average booking fees rose ~4% to $6.30, so pricing and mix also matter, not just volume.
2. NDC and airline retailing
Airlines are moving fares onto New Distribution Capability (NDC) connections that let them sell bundles, seats and ancillaries more like a retailer, and some carriers price their best fares only on direct or NDC channels. Sabre's response is to aggregate NDC content inside its marketplace so agencies can keep booking everything in one place, and to sell retailing and offer-management software to airlines through Airline Technology. That segment's revenue fell ~4% to ~$135 million in Q2 2026 even as passengers boarded on Sabre systems rose 2% to 174.1 million, so whether Sabre keeps its fee economics as distribution changes is the core long-term question for both segments.
3. Hotels, multi-source content and agentic AI
Sabre is trying to earn more from each agency relationship beyond air. Lodging and other bookings rose 5% to 15.5 million in Q2 2026, and hotel-related revenue grew ~11%, helping Marketplace revenue grow 6% to ~$577 million while air volume was nearly flat. Management is also pitching Sabre as infrastructure for the emerging agentic AI travel channel, where AI assistants search and book trips through APIs rather than agent screens. CEO Kurt Ekert said the company aims to extend its leadership there. It is too early to size that revenue, but it is the main new-growth story management is telling investors.
4. Cost cuts, cash flow and deleveraging
Adjusted EBITDA rose 21% to ~$143 million in Q2 2026 and 21% to ~$302 million in the first half, driven largely by an inflation-offset program started in Q4 2025 and earlier technology savings from moving onto Google Cloud. Turning that into cash is the next step: first-half free cash flow was ~negative $146 million, and the full-year guide is ~negative $65 million. In 2026 Sabre redeemed its 2027 notes, cut its 2026 exchangeable notes from $150 million to $50 million, issued $150 million of 7% exchangeable notes due 2031, and agreed to extend its securitization facility to 2029. Refinancing the 10.75% to 11.125% notes due 2029 and 2030 at lower rates would be the biggest lever for shareholders.
What are the risks to Sabre Corporation (SABR)?
Leverage is the dominant risk. Face value debt was ~$4.48 billion at June 30, 2026, including about $3.24 billion of senior secured notes at 10.75% to 11.125% and ~$844 million of floating-rate term loans at SOFR plus 6.00% to 6.25%, almost all maturing in 2029 and 2030. With equity worth under $1 billion, small changes in enterprise value produce large percentage moves in the share price, and failure to refinance before those maturities would put the equity at risk. Free cash flow is guided negative for 2026 and Sabre still reports GAAP net losses, so it has little cushion if travel demand weakens from a recession, conflict, fuel shock or pandemic; Q3 2026 guidance already assumes only flat to low-single-digit growth. Structurally, airline direct and NDC channels could erode GDS fees, Amadeus is a larger and better-capitalized rival, and Airline Technology revenue is shrinking. A new 12.7% holder, Constellation Software, adds uncertainty about future governance and strategy. Further equity-linked financing, such as the 2031 exchangeable notes with an exchange price of ~$2.24, could also dilute existing holders.
What is the Sabre Corporation (SABR) forecast?
5 analysts publish price targets on SABR, averaging $2.11 against a $1.68 price as of October 2026, or +25.6%. The published targets run from $1.75 to $2.50, a moderate spread, and the ratings split 1 buy, 5 hold, 0 sell. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.
Read the full SABR forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.
Is SABR a buy or a sell?
We give no verdict on Sabre Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.
The case for buying. Air distribution bookings. Most of Sabre's revenue is a per-booking fee charged when an agency books a flight through its GDS, so air volume is the single biggest driver. The most optimistic published target, $2.50, assumes this works close to its best case.
The case against. Leverage is the dominant risk. The most pessimistic target, $1.75, is roughly what SABR is worth if this bites instead.
Read the full bull and bear case on SABR, including what would have to change to break either one. Walnut is not an investment adviser.
How is Sabre Corporation (SABR) valued? (approximate, October 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Sabre Corporation's investor relations page or your broker.
- Revenue (Q2 2026): ~$712M, up 4% yoy (H1 2026 ~$1.47B, up 6%)
- Adjusted EBITDA (2026 guidance): ~$600M pro forma, up ~12%
- Net income (Q2 2026): Net loss ~-$36M to common (GAAP EPS ~-$0.09; adjusted EPS ~-$0.17)
- Market cap: ~$0.68B (~$1.68 per share, mid-October 2026)
- Debt (June 30, 2026): ~$4.48B face value; net debt ~$3.81B
- Free cash flow (2026 guidance): ~-$65M
With net debt of ~$3.8 billion against an equity value of ~$0.7 billion, Sabre is best judged on enterprise value (roughly $4.5 billion) against EBITDA, which is about 7.5x the ~$600 million 2026 guide, rather than on earnings, which remain negative after interest. Analyst targets range from ~$1.75 to ~$2.50, with a mean near ~$2.11 and five of six ratings at Hold. The forward P/E of ~8.8 reflects adjusted estimates, not GAAP profits. Q3 2026 results were expected around late October to early November 2026, with guidance of ~$155 million of pro forma adjusted EBITDA.
Who competes with Sabre Corporation (SABR)?
Global distribution systems
Amadeus, the largest GDS and strongest in Europe and Asia, and Travelport, which is privately owned, compete directly with Sabre for travel agency, online travel and corporate booking volume. They compete on breadth of airline and NDC content, incentive payments to agencies, booking fees charged to airlines and the quality of search and servicing tools.
Airline direct and NDC channels
Airlines selling through their own websites and apps, or through direct NDC connections to large agencies, aim to cut GDS fees and control how fares are displayed. NDC aggregators and API platforms such as Duffel and Verteil offer agencies and travel startups a way to book airline content without going through a traditional GDS at all.
Airline software vendors
Amadeus, through its Altea suite and Navitaire for low-cost carriers, is Sabre's main rival in passenger service and reservation systems. Other specialist vendors and airlines' in-house IT teams compete in revenue management, pricing, crew and operations software, and switching an airline's core reservation system is a long, multi-year decision.
What stocks are similar to Sabre Corporation (SABR)?
Other names that sit close to SABR: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.
How to invest in Sabre Corporation (SABR)
There are three common ways to get SABR exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so SABR sits alongside other stocks that express the same thesis.
Walnut takes the portfolio route. Describe a thesis where SABR fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Sabre Corporation (SABR)
SABR is a high-debt, low-priced travel technology turnaround where EBITDA is growing again, but the equity outcome still hinges on bookings volume, free cash flow and refinancing ~$4.5 billion of expensive debt.
More on Sabre Corporation (SABR)
Whether SABR is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is SABR a buy or a sell?, and where the stock could go from here in the SABR stock forecast.
For income investors, whether SABR pays a dividend and how the payout looks is covered in does SABR pay a dividend? And to weigh SABR against a peer, read the full side-by-side comparisons: SABR vs GDS and SABR vs PENG.
Wondering how SABR fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in Sabre Corporation with AI
Connect the broker you already use and ask Walnut's AI how SABR fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What does Sabre Corporation do?
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Sabre runs a global distribution system, an electronic marketplace that connects airlines, hotels, car rental companies and other travel suppliers with travel agencies, online travel sites and corporate booking tools. When an agency books a trip through Sabre, Sabre earns a booking fee, which averaged about $6.30 in Q2 2026. That Marketplace business produced ~$577 million of the company's ~$712 million in Q2 2026 revenue. Sabre also sells software to airlines in its Airline Technology segment, covering reservations, passenger servicing, revenue management, retailing and flight operations; about 174 million passengers were boarded on its systems in Q2 2026. Sabre is based in Southlake, Texas, and trades on the Nasdaq under the ticker SABR. It sold its SynXis hotel software unit in 2025, so it no longer sells property-management software to hotels.
Why is SABR stock so cheap?
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A share price of ~$1.68 in mid-October 2026 mostly reflects the balance sheet, not the size of the business. Sabre carried ~$4.48 billion of debt at face value at June 30, 2026, versus an equity market value of ~$0.7 billion, so lenders have a much larger claim on the company than shareholders do. The company still reports GAAP net losses because annual interest costs are large, and it guides to negative free cash flow of about $65 million for 2026. When equity is a thin slice on top of a large debt load, modest changes in expected bookings, EBITDA or refinancing terms move the share price sharply, which is why SABR has traded between $0.81 and $2.50 over the past year. A low share price on its own does not mean the stock is cheap or expensive relative to its value.
Is Sabre profitable?
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It depends on the measure. Sabre is profitable at the operating level, with Q2 2026 operating income of ~$93 million on a 13% margin, and adjusted EBITDA of ~$143 million, up 21%. Management guides to about $600 million of pro forma adjusted EBITDA for full-year 2026. Below the operating line, though, interest on ~$4.5 billion of debt, much of it at 10.75% to 11.125%, turns the result into a loss. Q2 2026 net loss attributable to common stockholders was ~$36 million, or ~$0.09 per diluted share on a GAAP basis, and adjusted EPS was ~-$0.17. That was a big improvement from a $256 million loss a year earlier, which included costs tied to the hotel software sale. Positive free cash flow on a full-year basis has not yet been achieved.
How much debt does Sabre have?
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Face value debt was ~$4.48 billion at June 30, 2026, and net debt after cash was ~$3.81 billion, down from ~$4.74 billion a year earlier. The largest pieces are four senior secured notes: $1.0 billion at 11.125% due June 2029, ~$446 million at 10.75% due November 2029, ~$470 million at 10.75% due March 2030 and $1.325 billion at 11.125% due July 2030. There are also ~$844 million of term loans at SOFR plus 6.00% to 6.25% due 2029, a securitization facility, and exchangeable notes, including $150 million at 7% due 2031 issued in May 2026. Sabre used most of the ~$1.1 billion SynXis sale proceeds to repay debt in 2025 and redeemed its remaining 2027 notes in early 2026, so the next big maturity wall sits in 2029 and 2030.
When does Sabre report earnings next, and what were the last results?
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Sabre's third-quarter 2026 results were expected in late October or early November 2026; the company had not confirmed the date as of mid-October, and in 2025 it reported Q3 on November 5. The most recent report, on August 6, 2026, covered Q2: revenue ~$712 million (+4%), air bookings 76.1 million (+1%), adjusted EBITDA ~$143 million (+21%) and free cash flow ~$10 million. For Q3 2026 management guided to flat to low-single-digit growth in air bookings and revenue, and ~$155 million of pro forma adjusted EBITDA (+3%). For the full year it guides to ~$600 million of pro forma adjusted EBITDA and ~negative $65 million of free cash flow. Investors typically focus on bookings trends, EBITDA versus guidance, cash flow and any refinancing news.
Is Sabre stock a good investment?
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It depends on how an investor weighs a leveraged recovery. The bull case: EBITDA is growing at double-digit rates from cost cuts, Sabre's bookings have been outgrowing the agency market, hotel revenue is rising ~11%, the company is positioning for AI-driven booking, and a sophisticated software acquirer, Constellation Software, has built a ~12.7% stake. If refinancing lowers interest costs, more value could reach shareholders. The bear case: debt of ~$4.5 billion dwarfs a ~$0.7 billion equity value, free cash flow is still negative, GAAP losses continue, air bookings growth is low single digits, Airline Technology revenue is shrinking, and airline direct channels threaten fees. Analysts mostly rate it Hold with a mean target of ~$2.11. The stock has historically been very volatile, swinging between $0.81 and $2.50 over the past year.
Who are Sabre's main competitors?
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In distribution, Sabre's main rivals are Amadeus, the largest GDS operator and the strongest in Europe, and Travelport, a privately owned GDS that operates the Galileo and Worldspan systems. The three together handle most agency airline bookings worldwide. Airlines are also competitors in a sense, because they push customers toward their own websites, apps and direct NDC connections to avoid paying GDS fees, and newer API platforms such as Duffel and Verteil help agencies connect to airlines directly. In airline software, Amadeus again leads with its Altea passenger service system and Navitaire for low-cost carriers, while specialist vendors and airline in-house teams compete in revenue management and operations tools. Sabre's pitch is the breadth of content on one marketplace plus a large installed base of airline customers.
Does Sabre pay a dividend, and what is Constellation Software's role?
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Sabre does not pay a dividend. It suspended its common dividend in 2020, when the pandemic shut down most air travel, and the last ex-dividend date was March 19, 2020. Since then cash has gone to operations, restructuring and debt reduction, and with negative free cash flow guided for 2026, no dividend has been announced. Separately, Constellation Software, the Canadian acquirer of vertical software businesses, disclosed a ~12.7% stake in early 2026. Sabre's board adopted a one-year shareholder rights plan on March 1, 2026, then signed a strategic governance agreement on March 5 that added Damian McKay, CEO of Constellation's Vela Software unit, to the board, ended the rights plan and capped Constellation's ownership at 15% under a standstill. Constellation also agreed to vote with the board's recommendations, subject to customary exceptions.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Sabre Corporation's investor relations page or your broker before making investment decisions.