Airbnb (ABNB) Financials

$131.16 -3.14 (-2.34%)

Closing price 05/19/2026 04:00 PM Eastern

Extended Trading

$130.65 -0.51 (-0.39%)

As of 08:51 AM Eastern

Annual Income Statements for Airbnb

This table shows Airbnb's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-674	-4,585	-352	1,893	4,792	2,648	2,511
Consolidated Net Income / (Loss)	-674	-4,585	-352	1,893	4,792	2,648	2,511
Net Income / (Loss) Continuing Operations	-674	-4,585	-352	1,893	4,792	2,648	2,511
Total Pre-Tax Income	-412	-4,682	-300	1,989	2,102	3,331	3,137
Total Operating Income	-502	-3,590	429	1,802	1,518	2,553	2,544
Total Gross Profit	3,609	2,502	4,836	6,900	8,214	9,224	10,155
Total Revenue	4,805	3,378	5,992	8,399	9,917	11,102	12,241
Operating Revenue	4,805	3,378	5,992	8,399	9,917	11,102	12,241
Total Cost of Revenue	1,196	876	1,156	1,499	1,703	1,878	2,086
Operating Cost of Revenue	1,196	876	1,156	1,499	1,703	1,878	2,086
Total Operating Expenses	4,110	6,092	4,407	5,098	6,696	6,671	7,611
Selling, General & Admin Expense	697	1,135	836	950	2,025	1,185	1,342
Marketing Expense	1,622	1,175	1,186	1,516	1,763	2,148	2,588
Research & Development Expense	977	2,753	1,425	1,502	1,722	2,056	2,354
Other Operating Expenses / (Income)	815	878	847	1,041	1,186	1,282	1,327
Total Other Income / (Expense), net	90	-1,092	-729	187	584	778	593
Interest & Investment Income	76	-145	-425	186	721	818	705
Other Income / (Expense), net	14	-947	-304	1.00	-137	-40	-112
Income Tax Expense	263	-97	52	96	-2,690	683	626
Basic Earnings per Share	($5.18)	($16.12)	($0.57)	$2.97	$7.52	$4.19	$4.10
Weighted Average Basic Shares Outstanding	781.67M	284M	616M	637M	637M	632M	613M
Diluted Earnings per Share	($5.18)	($16.12)	($0.57)	$2.79	$7.24	$4.11	$4.03
Weighted Average Diluted Shares Outstanding	781.67M	284M	616M	680M	662M	645M	623M
Weighted Average Basic & Diluted Shares Outstanding	-	-	642.87M	640.53M	647.06M	630.54M	608.71M

This table shows Airbnb's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	4,374	-349	264	555	1,368	461	154	642	1,374	341	160
Consolidated Net Income / (Loss)	4,374	-349	264	555	1,368	461	154	642	1,374	341	160
Net Income / (Loss) Continuing Operations	4,374	-349	264	555	1,368	461	154	642	1,374	341	160
Total Pre-Tax Income	1,679	-383	293	681	1,735	622	173	779	1,792	393	281
Total Operating Income	1,496	-496	101	497	1,525	430	38	612	1,625	269	86
Total Gross Profit	2,938	1,834	1,662	2,242	3,267	2,053	1,766	2,552	3,546	2,291	2,097
Total Revenue	3,397	2,218	2,142	2,748	3,732	2,480	2,272	3,096	4,095	2,778	2,678
Operating Revenue	3,397	2,218	2,142	2,748	3,732	2,480	2,272	3,096	4,095	2,778	2,678
Total Cost of Revenue	459	384	480	506	465	427	506	544	549	487	581
Operating Cost of Revenue	459	384	480	506	465	427	506	544	549	487	581
Total Operating Expenses	1,442	2,330	1,561	1,745	1,742	1,623	1,728	1,940	1,921	2,022	2,011
Selling, General & Admin Expense	304	1,203	287	315	335	248	294	307	330	411	296
Marketing Expense	403	424	514	573	514	547	563	691	639	695	751
Research & Development Expense	419	432	475	519	524	538	568	610	587	589	638
Other Operating Expenses / (Income)	316	271	285	338	369	290	303	332	365	327	326
Total Other Income / (Expense), net	183	113	192	184	210	192	135	167	167	124	195
Interest & Investment Income	192	192	202	226	207	183	173	190	180	162	155
Other Income / (Expense), net	-9.00	-79	-10	-42	3.00	9.00	-38	-23	-13	-38	40
Income Tax Expense	-2,695	-34	29	126	367	161	19	137	418	52	121
Basic Earnings per Share	$6.83	($0.51)	$0.41	$0.87	$2.17	$0.74	$0.25	$1.04	$2.25	$0.56	$0.27
Weighted Average Basic Shares Outstanding	640M	637M	638M	635M	631M	632M	621M	615M	611M	613M	598M
Diluted Earnings per Share	$6.63	($0.55)	$0.41	$0.86	$2.13	$0.71	$0.24	$1.03	$2.21	$0.55	$0.26
Weighted Average Diluted Shares Outstanding	660M	662M	654M	649M	642M	645M	632M	626M	621M	623M	608M
Weighted Average Basic & Diluted Shares Outstanding	648.44M	647.06M	644.04M	641.62M	633.97M	630.54M	626.41M	621.44M	615.55M	608.71M	602.70M

This table details how cash moves in and out of Airbnb's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	705	2,525	2,059	2,376	564	93	726
Net Cash From Operating Activities	223	-740	2,313	3,430	3,884	4,518	4,646
Net Cash From Continuing Operating Activities	223	-740	2,313	3,430	3,884	4,518	4,646
Net Income / (Loss) Continuing Operations	-674	-4,585	-352	1,893	4,792	2,648	2,511
Consolidated Net Income / (Loss)	-674	-4,585	-352	1,893	4,792	2,648	2,511
Non-Cash Adjustments To Reconcile Net Income	220	4,043	1,681	1,021	1,120	1,407	1,592
Changes in Operating Assets and Liabilities, net	563	-324	846	435	-2,028	463	543
Net Cash From Investing Activities	-347	80	-1,352	-28	-1,042	-616	-748
Net Cash From Continuing Investing Activities	-347	80	-1,352	-28	-1,042	-616	-748
Purchase of Investments	-1,224	-3,033	-4,938	-4,072	-3,308	-3,146	-3,438
Sale and/or Maturity of Investments	1,161	3,158	3,611	4,071	2,380	2,605	2,736
Other Investing Activities, net	34	-8.00	-25	-27	-114	-75	-46
Net Cash From Financing Activities	855	3,051	1,308	-689	-2,430	-3,572	-3,827
Net Cash From Continuing Financing Activities	855	3,051	1,308	-689	-2,430	-3,572	-3,827
Repurchase of Common Equity	-	0.00	0.00	-1,500	-2,252	-3,430	-3,789
Issuance of Common Equity	0.00	3,651	-	88	110	168	122
Other Financing Activities, net	855	-2,536	1,537	723	-288	-310	-160
Effect of Exchange Rate Changes	-25	134	-210	-337	152	-237	655

This table details how cash moves in and out of Airbnb's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-2,893	-1,421	3,862	1,661	-3,992	-1,438	3,990	1,694	-3,731	-1,227	4,099
Net Cash From Operating Activities	1,325	63	1,923	1,051	1,078	466	1,789	975	1,356	526	1,708
Net Cash From Continuing Operating Activities	1,325	63	1,923	1,051	1,078	466	1,789	975	1,356	526	1,708
Net Income / (Loss) Continuing Operations	4,374	-349	264	555	1,368	461	154	642	1,374	341	160
Consolidated Net Income / (Loss)	4,374	-349	264	555	1,368	461	154	642	1,374	341	160
Non-Cash Adjustments To Reconcile Net Income	286	290	295	382	362	368	358	424	399	411	410
Changes in Operating Assets and Liabilities, net	-3,343	106	1,350	100	-667	-385	1,277	-66	-417	-226	1,138
Net Cash From Investing Activities	-364	-475	-84	-110	-202	-220	-151	-91	-206	-300	-461
Net Cash From Continuing Investing Activities	-364	-475	-84	-110	-202	-220	-151	-91	-206	-300	-461
Purchase of Investments	-674	-943	-826	-694	-929	-697	-766	-877	-1,017	-778	-1,375
Sale and/or Maturity of Investments	325	552	756	592	731	526	623	809	820	484	849
Other Investing Activities, net	-15	-84	-14	-8.00	-4.00	-49	-8.00	-23	-9.00	-6.00	65
Net Cash From Financing Activities	-3,712	-1,171	2,134	811	-5,187	-1,330	2,145	328	-4,850	-1,450	2,970
Net Cash From Continuing Financing Activities	-3,712	-1,171	2,134	811	-5,187	-1,330	2,145	328	-4,850	-1,450	2,970
Repayment of Debt	-	-	-	-	-	-	0.00	-	-	-	-2,000
Repurchase of Common Equity	-500	-752	-750	-749	-1,093	-838	-807	-1,010	-877	-1,095	-1,088
Issuance of Debt	-	-	-	-	-	-	0.00	-	-	-	2,483
Issuance of Common Equity	14	42	46	-	8.00	61	30	45	3.00	44	8.00
Other Financing Activities, net	-3,226	-461	2,838	1,461	-4,102	-553	2,922	1,293	-3,976	-399	3,567
Effect of Exchange Rate Changes	-142	162	-111	-91	319	-354	207	482	-31	-3.00	-118

This table presents Airbnb's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	10,491	13,708	16,038	20,645	20,959	22,208
Total Current Assets	8,916	12,386	14,861	16,509	17,180	18,797
Cash & Equivalents	5,481	6,067	7,378	6,874	6,864	6,560
Restricted Cash	2,215	3,715	4,783	5,869	5,931	6,959
Short-Term Investments	911	2,255	2,244	3,197	3,747	4,454
Prepaid Expenses	310	349	456	569	638	824
Plant, Property, & Equipment, net	270	157	0.00	0.00	0.00	0.00
Total Noncurrent Assets	1,305	1,165	1,177	4,136	3,779	3,411
Goodwill	656	653	684	792	777	770
Noncurrent Deferred & Refundable Income Taxes	-	-	16	2,881	2,439	2,102
Other Noncurrent Operating Assets	573	460	477	463	563	539
Total Liabilities & Shareholders' Equity	10,491	13,708	16,038	20,645	20,959	22,208
Total Liabilities	7,590	8,933	10,478	12,480	12,547	14,009
Total Current Liabilities	5,140	6,359	7,978	9,950	10,161	13,649
Short-Term Debt	-	-	-	-	0.00	1,999
Accounts Payable	80	118	2,013	2,654	2,614	2,948
Current Deferred Revenue	408	904	1,182	1,427	1,616	1,743
Other Current Liabilities	2,238	3,778	4,783	5,869	5,931	6,959
Total Noncurrent Liabilities	2,450	2,574	2,500	2,530	2,386	360
Long-Term Debt	1,816	1,983	1,987	1,991	1,995	0.00
Other Noncurrent Operating Liabilities	634	591	513	539	391	360
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,902	4,775	5,560	8,165	8,412	8,199
Total Preferred & Common Equity	2,902	4,775	5,560	8,165	8,412	8,199
Total Common Equity	2,902	4,775	5,560	8,165	8,412	8,199
Common Stock	8,905	11,140	11,557	11,639	12,602	13,763
Retained Earnings	-6,006	-6,358	-5,965	-3,425	-4,225	-5,502
Accumulated Other Comprehensive Income / (Loss)	2.64	-7.00	-32	-49	35	-62

This table presents Airbnb's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	21,188	21,439	20,645	24,537	26,320	22,172	20,959	25,056	26,992	23,064	26,828
Total Current Assets	20,052	17,523	16,509	20,393	22,252	18,319	17,180	21,295	23,180	19,538	23,601
Cash & Equivalents	7,905	8,175	6,874	7,829	7,882	7,670	6,864	7,600	7,402	7,528	7,037
Restricted Cash	9,144	5,986	5,869	8,737	10,342	6,573	5,931	9,175	11,067	7,209	10,550
Short-Term Investments	2,435	2,787	3,197	3,264	3,369	3,583	3,747	3,892	3,954	4,156	4,968
Prepaid Expenses	568	575	569	563	659	493	638	628	757	645	1,046
Plant, Property, & Equipment, net	132	147	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	1,004	3,769	4,136	4,144	4,068	3,853	3,779	3,761	3,812	3,526	3,227
Goodwill	679	676	792	786	783	783	777	775	776	773	767
Noncurrent Deferred & Refundable Income Taxes	-	2,775	2,881	2,886	2,825	2,601	2,439	2,459	2,428	2,146	1,941
Other Noncurrent Operating Assets	325	318	463	472	460	469	563	527	608	607	519
Total Liabilities & Shareholders' Equity	21,188	21,439	20,645	24,537	26,320	22,172	20,959	25,056	26,992	23,064	26,828
Total Liabilities	16,129	12,316	12,480	16,641	18,318	13,684	12,547	17,119	19,210	14,454	19,192
Total Current Liabilities	13,624	9,821	9,950	14,139	15,828	11,336	10,161	16,730	18,816	14,039	16,364
Short-Term Debt	-	-	-	-	-	-	-	1,996	1,997	1,998	0.00
Accounts Payable	100	163	2,654	2,968	2,865	3,106	2,614	2,836	2,895	3,012	3,081
Current Deferred Revenue	2,347	1,467	1,427	2,434	2,621	1,657	1,616	2,723	2,857	1,820	2,733
Other Current Liabilities	9,144	5,986	5,869	8,737	10,342	6,573	5,931	9,175	11,067	7,209	10,550
Total Noncurrent Liabilities	2,505	2,495	2,530	2,502	2,490	2,348	2,386	389	394	415	2,828
Long-Term Debt	1,989	1,990	1,991	1,992	1,993	1,994	1,995	0.00	0.00	0.00	2,475
Other Noncurrent Operating Liabilities	516	505	539	510	497	354	391	389	394	415	353
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,059	9,123	8,165	7,896	8,002	8,488	8,412	7,937	7,782	8,610	7,636
Total Preferred & Common Equity	5,059	9,123	8,165	7,896	8,002	8,488	8,412	7,937	7,782	8,610	7,636
Total Common Equity	5,059	9,123	8,165	7,896	8,002	8,488	8,412	7,937	7,782	8,610	7,636
Common Stock	11,290	11,452	11,639	11,819	12,116	12,378	12,602	12,841	13,168	13,437	14,041
Retained Earnings	-6,198	-2,324	-3,425	-3,914	-4,109	-3,843	-4,225	-4,883	-5,258	-4,748	-6,403
Accumulated Other Comprehensive Income / (Loss)	-33	-5.00	-49	-9.00	-5.00	-47	35	-21	-128	-79	-2.00

This table displays calculated financial ratios and metrics derived from Airbnb's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	-29.70%	77.38%	40.17%	18.07%	11.95%	10.26%
EBITDA Growth	0.00%	-1,081.07%	105.96%	616.35%	-24.36%	80.91%	-3.22%
EBIT Growth	0.00%	-830.41%	102.76%	1,342.40%	-23.41%	81.97%	-3.22%
NOPAT Growth	0.00%	-615.79%	111.95%	471.10%	101.78%	-41.35%	0.34%
Net Income Growth	0.00%	-579.93%	92.32%	637.78%	153.14%	-44.74%	-5.17%
EPS Growth	0.00%	-211.20%	96.46%	589.47%	159.50%	-43.23%	-1.95%
Operating Cash Flow Growth	0.00%	-432.25%	412.57%	48.29%	13.24%	16.32%	2.83%
Free Cash Flow Firm Growth	0.00%	0.00%	22.83%	94.89%	-27.55%	-0.26%	54.43%
Invested Capital Growth	0.00%	0.00%	-35.74%	-29.91%	15.66%	-6.07%	-26.73%
Revenue Q/Q Growth	0.00%	0.00%	12.66%	0.00%	3.29%	2.42%	2.50%
EBITDA Q/Q Growth	0.00%	0.00%	107.06%	0.00%	-36.50%	57.10%	-7.88%
EBIT Q/Q Growth	0.00%	0.00%	103.22%	0.00%	-37.31%	58.85%	-7.88%
NOPAT Q/Q Growth	0.00%	0.00%	115.62%	0.00%	-20.27%	57.86%	-3.69%
Net Income Q/Q Growth	0.00%	0.00%	91.80%	0.00%	-12.23%	44.07%	-4.56%
EPS Q/Q Growth	0.00%	0.00%	98.07%	0.00%	-12.35%	44.21%	-3.82%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	38.53%	0.00%	-9.34%	9.79%	1.31%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	160.49%	-76.54%	-14.82%	20.33%
Invested Capital Q/Q Growth	0.00%	0.00%	3.06%	0.00%	0.87%	16.46%	6.16%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	75.10%	74.07%	80.71%	82.15%	82.83%	83.08%	82.96%
EBITDA Margin	-7.77%	-130.58%	4.39%	22.43%	14.37%	23.22%	19.87%
Operating Margin	-10.44%	-106.28%	7.16%	21.45%	15.31%	23.00%	20.78%
EBIT Margin	-10.15%	-134.31%	2.09%	21.47%	13.93%	22.64%	19.87%
Profit (Net Income) Margin	-14.03%	-135.73%	-5.87%	22.54%	48.32%	23.85%	20.51%
Tax Burden Percent	163.79%	97.93%	117.33%	95.17%	227.97%	79.50%	80.04%
Interest Burden Percent	84.43%	103.20%	-240.00%	110.32%	152.21%	132.55%	128.99%
Effective Tax Rate	0.00%	0.00%	0.00%	4.83%	-127.97%	20.50%	19.96%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	-158.01%	-9.17%	36.63%	69.83%	31.95%	30.23%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	-43.24%	1.03%	12.12%	7.53%	12.08%	11.27%
Return on Assets (ROA)	0.00%	-43.70%	-2.91%	12.73%	26.13%	12.73%	11.63%
Return on Common Equity (ROCE)	0.00%	-158.01%	-9.17%	36.63%	69.83%	31.95%	30.23%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-158.01%	-7.37%	34.05%	58.69%	31.48%	0.00%
Net Operating Profit after Tax (NOPAT)	-351	-2,513	300	1,715	3,461	2,030	2,036
NOPAT Margin	-7.31%	-74.39%	5.01%	20.42%	34.90%	18.28%	16.64%
Net Nonoperating Expense Percent (NNEP)	0.00%	-61.02%	-7.74%	1.58%	10.10%	4.34%	3.11%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	22.72%	34.07%	19.50%	19.97%
Cost of Revenue to Revenue	24.90%	25.93%	19.29%	17.85%	17.17%	16.92%	17.04%
SG&A Expenses to Revenue	14.51%	33.60%	13.95%	11.31%	20.42%	10.67%	10.96%
R&D to Revenue	20.33%	81.50%	23.78%	17.88%	17.36%	18.52%	19.23%
Operating Expenses to Revenue	85.54%	180.36%	73.55%	60.70%	67.52%	60.09%	62.18%
Earnings before Interest and Taxes (EBIT)	-488	-4,537	125	1,803	1,381	2,513	2,432
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-373	-4,411	263	1,884	1,425	2,578	2,432
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	2.60	22.15	9.98	10.81	9.90	10.19
Price to Tangible Book Value (P/TBV)	0.00	3.47	25.99	11.37	11.97	10.91	11.25
Price to Revenue (P/Rev)	0.73	2.23	17.65	6.60	8.90	7.50	6.82
Price to Earnings (P/E)	0.00	0.00	0.00	29.30	18.42	31.46	33.27
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	3.41%	5.43%	3.18%	3.01%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.22	15.98	5.13	7.50	6.19	5.52
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	364.00	22.85	52.16	26.67	27.78
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	765.86	23.87	53.82	27.36	27.78
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	318.79	25.10	21.48	33.88	33.18
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	41.39	12.55	19.14	15.22	14.54
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.54	56.64	13.07	31.14	28.89	18.38
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.63	0.42	0.36	0.24	0.24	0.24
Long-Term Debt to Equity	0.00	0.63	0.42	0.36	0.24	0.24	0.00
Financial Leverage	0.00	-2.34	-2.19	-2.17	-1.92	-1.72	-1.84
Leverage Ratio	0.00	3.62	3.15	2.88	2.67	2.51	2.60
Compound Leverage Factor	0.00	3.73	-7.57	3.18	4.07	3.33	3.35
Debt to Total Capital	0.00%	38.49%	29.34%	26.33%	19.60%	19.17%	19.60%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.60%
Long-Term Debt to Total Capital	0.00%	38.49%	29.34%	26.33%	19.60%	19.17%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	61.51%	70.66%	73.67%	80.40%	80.83%	80.40%
Debt to EBITDA	0.00	-0.41	7.54	1.05	1.40	0.77	0.82
Net Debt to EBITDA	0.00	1.54	-38.23	-6.59	-9.79	-5.64	-6.57
Long-Term Debt to EBITDA	0.00	-0.41	7.54	1.05	1.40	0.77	0.00
Debt to NOPAT	0.00	-0.72	6.60	1.16	0.58	0.98	0.98
Net Debt to NOPAT	0.00	2.70	-33.48	-7.24	-4.03	-7.17	-7.84
Long-Term Debt to NOPAT	0.00	-0.72	6.60	1.16	0.58	0.98	0.00
Altman Z-Score	0.00	-0.88	7.45	4.07	5.09	5.03	4.42
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	1.73	1.95	1.86	1.66	1.69	1.38
Quick Ratio	0.00	1.24	1.31	1.21	1.01	1.04	0.81
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	1,376	1,690	3,294	2,387	2,381	3,676
Operating Cash Flow to CapEx	177.54%	-2,000.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.32	0.50	0.56	0.54	0.53	0.57
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	12.50	28.05	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	10.96	11.68	1.41	0.73	0.71	0.75
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	33.29	31.24	259.44	500.13	511.93	486.61
Cash Conversion Cycle (CCC)	0.00	-33.29	-31.24	-259.44	-500.13	-511.93	-486.61
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	-3,889	-5,279	-6,858	-5,784	-6,135	-7,775
Invested Capital Turnover	0.00	-1.74	-1.31	-1.38	-1.57	-1.86	-1.76
Increase / (Decrease) in Invested Capital	0.00	-3,889	-1,390	-1,579	1,074	-351	-1,640
Enterprise Value (EV)	0.00	743	95,732	43,046	74,329	68,763	67,568
Market Capitalization	3,490	7,534	105,786	55,464	88,278	83,310	83,542
Book Value per Share	$0.00	$10.22	$7.52	$8.73	$12.59	$13.27	$13.32
Tangible Book Value per Share	$0.00	$7.64	$6.41	$7.65	$11.37	$12.04	$12.07
Total Capital	0.00	4,717	6,758	7,547	10,156	10,407	10,198
Total Debt	0.00	1,816	1,983	1,987	1,991	1,995	1,999
Total Long-Term Debt	0.00	1,816	1,983	1,987	1,991	1,995	0.00
Net Debt	0.00	-6,791	-10,054	-12,418	-13,949	-14,547	-15,974
Capital Expenditures (CapEx)	125	37	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-4,830	-6,010	-7,522	-9,381	-9,523	-10,826
Debt-free Net Working Capital (DFNWC)	0.00	3,777	6,027	6,883	6,559	7,019	7,147
Net Working Capital (NWC)	0.00	3,777	6,027	6,883	6,559	7,019	5,148
Net Nonoperating Expense (NNE)	323	2,072	652	-178	-1,331	-618	-475
Net Nonoperating Obligations (NNO)	0.00	-6,791	-10,054	-12,418	-13,949	-14,547	-15,974
Total Depreciation and Amortization (D&A)	114	126	138	81	44	65	0.00
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-142.98%	-100.30%	-89.56%	-94.60%	-85.78%	-88.44%
Debt-free Net Working Capital to Revenue	0.00%	111.80%	100.58%	81.95%	66.14%	63.22%	58.39%
Net Working Capital to Revenue	0.00%	111.80%	100.58%	81.95%	66.14%	63.22%	42.06%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($1.14)	$2.97	$7.52	$4.19	$4.10
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	1.85B	637M	637M	632M	613M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($1.14)	$2.79	$7.24	$4.11	$4.03
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	1.85B	680M	662M	645M	623M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	642.87M	640.53M	647.06M	630.54M	608.71M
Normalized Net Operating Profit after Tax (NOPAT)	-351	-2,407	379	1,800	1,063	2,030	2,036
Normalized NOPAT Margin	-7.31%	-71.26%	6.33%	21.43%	10.71%	18.28%	16.64%
Pre Tax Income Margin	-8.57%	-138.60%	-5.01%	23.68%	21.20%	30.00%	25.63%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	79.24%	47.00%	129.53%	150.90%

This table displays calculated financial ratios and metrics derived from Airbnb's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	608,713,958.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	608,713,958.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.26
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.79%	16.61%	17.82%	10.63%	9.86%	11.81%	6.07%	12.66%	9.73%	12.02%	17.87%
EBITDA Growth	21.64%	-336.86%	2,200.00%	-5.06%	3.21%	182.47%	-76.19%	29.45%	5.50%	-47.38%	0.00%
EBIT Growth	22.29%	-357.85%	668.75%	-6.19%	2.76%	176.35%	-100.00%	29.45%	5.50%	-47.38%	0.00%
NOPAT Growth	238.91%	-259.47%	2,122.30%	-19.46%	-69.15%	191.79%	-62.83%	24.52%	3.62%	-26.76%	44.76%
Net Income Growth	260.30%	-209.40%	125.64%	-14.62%	-68.72%	232.09%	-41.67%	15.68%	0.44%	-26.03%	3.90%
EPS Growth	270.39%	-217.02%	127.78%	-12.24%	-67.87%	229.09%	-41.46%	19.77%	3.76%	-22.54%	8.33%
Operating Cash Flow Growth	37.45%	-86.39%	21.17%	15.62%	-18.64%	639.68%	-6.97%	-7.23%	25.79%	12.88%	-4.53%
Free Cash Flow Firm Growth	326.56%	-179.10%	-144.34%	-115.50%	-72.14%	147.12%	179.25%	458.09%	-19.34%	179.74%	112.99%
Invested Capital Growth	0.00%	15.66%	10.23%	6.74%	-25.86%	-6.07%	-7.97%	-9.02%	-12.81%	-26.73%	-15.93%
Revenue Q/Q Growth	36.76%	-34.71%	-3.43%	28.29%	35.81%	-33.55%	-8.39%	36.27%	32.27%	-32.16%	-3.60%
EBITDA Q/Q Growth	202.63%	-137.39%	121.52%	346.67%	229.00%	-70.12%	-94.58%	2,256.00%	173.68%	-85.67%	-45.45%
EBIT Q/Q Growth	206.60%	-138.67%	118.06%	400.00%	235.82%	-71.27%	-100.00%	0.00%	173.68%	-85.67%	-45.45%
NOPAT Q/Q Growth	674.98%	-108.91%	126.21%	345.09%	196.86%	-73.50%	-89.39%	1,391.05%	147.03%	-81.27%	-79.02%
Net Income Q/Q Growth	572.92%	-107.98%	175.64%	110.23%	146.49%	-66.30%	-66.59%	316.88%	114.02%	-75.18%	-53.08%
EPS Q/Q Growth	576.53%	-108.30%	174.55%	109.76%	147.67%	-66.67%	-66.20%	329.17%	114.56%	-75.11%	-52.73%
Operating Cash Flow Q/Q Growth	45.76%	-95.25%	2,952.38%	-45.35%	2.57%	-56.77%	283.91%	-45.50%	39.08%	-61.21%	224.71%
Free Cash Flow Firm Q/Q Growth	248.48%	-114.60%	26.68%	58.45%	726.26%	-75.30%	23.31%	87.74%	41.06%	-14.34%	-6.11%
Invested Capital Q/Q Growth	53.08%	0.87%	-71.89%	-16.66%	36.68%	16.46%	-74.96%	-17.79%	34.47%	6.16%	-60.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	86.49%	82.69%	77.59%	81.59%	87.54%	82.78%	77.73%	82.43%	86.59%	82.47%	78.30%
EBITDA Margin	44.01%	-25.20%	4.90%	17.07%	41.35%	18.59%	1.10%	19.02%	39.37%	8.32%	4.71%
Operating Margin	44.04%	-22.36%	4.72%	18.09%	40.86%	17.34%	1.67%	19.77%	39.68%	9.68%	3.21%
EBIT Margin	43.77%	-25.92%	4.25%	16.56%	40.94%	17.70%	0.00%	19.02%	39.37%	8.32%	4.71%
Profit (Net Income) Margin	128.76%	-15.73%	12.32%	20.20%	36.66%	18.59%	6.78%	20.74%	33.55%	12.28%	5.97%
Tax Burden Percent	260.51%	91.12%	90.10%	81.50%	78.85%	74.12%	89.02%	82.41%	76.67%	86.77%	56.94%
Interest Burden Percent	112.91%	66.61%	321.98%	149.67%	113.55%	141.69%	0.00%	132.26%	111.17%	170.13%	223.02%
Effective Tax Rate	-160.51%	0.00%	9.90%	18.50%	21.15%	25.88%	10.98%	17.59%	23.33%	13.23%	43.06%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	119.70%	69.83%	74.91%	74.18%	20.87%	31.95%	32.06%	33.26%	30.78%	30.23%	32.33%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	39.21%	-14.02%	1.95%	7.32%	20.35%	9.45%	0.00%	8.26%	20.79%	4.72%	2.29%
Return on Assets (ROA)	115.33%	-8.51%	5.67%	8.93%	18.22%	9.92%	3.07%	9.01%	17.72%	6.96%	2.91%
Return on Common Equity (ROCE)	119.70%	69.83%	74.91%	74.18%	20.87%	31.95%	32.06%	33.26%	30.78%	30.23%	32.33%
Return on Equity Simple (ROE_SIMPLE)	59.85%	0.00%	62.55%	60.53%	21.65%	0.00%	31.98%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	3,897	-347	91	405	1,202	319	34	504	1,246	233	49
NOPAT Margin	114.73%	-15.65%	4.25%	14.74%	32.22%	12.85%	1.49%	16.29%	30.43%	8.40%	1.83%
Net Nonoperating Expense Percent (NNEP)	6.37%	-0.01%	1.01%	0.81%	1.08%	1.00%	0.66%	0.69%	0.78%	0.71%	0.57%
Return On Investment Capital (ROIC_SIMPLE)	-	-3.42%	-	-	-	3.06%	0.34%	5.16%	11.75%	2.29%	0.48%
Cost of Revenue to Revenue	13.51%	17.31%	22.41%	18.41%	12.46%	17.22%	22.27%	17.57%	13.41%	17.53%	21.70%
SG&A Expenses to Revenue	8.95%	54.24%	13.40%	11.46%	8.98%	10.00%	12.94%	9.92%	8.06%	14.79%	11.05%
R&D to Revenue	12.33%	19.48%	22.18%	18.89%	14.04%	21.69%	25.00%	19.70%	14.33%	21.20%	23.82%
Operating Expenses to Revenue	42.45%	105.05%	72.88%	63.50%	46.68%	65.44%	76.06%	62.66%	46.91%	72.79%	75.09%
Earnings before Interest and Taxes (EBIT)	1,487	-575	91	455	1,528	439	0.00	589	1,612	231	126
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,495	-559	105	469	1,543	461	25	589	1,612	231	126
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.74	10.81	13.55	12.20	9.59	9.90	9.49	10.65	8.76	10.19	10.07
Price to Tangible Book Value (P/TBV)	10.51	11.97	15.04	13.53	10.56	10.91	10.52	11.83	9.63	11.25	11.19
Price to Revenue (P/Rev)	9.25	8.90	10.44	9.30	7.51	7.50	6.71	7.16	6.32	6.82	6.08
Price to Earnings (P/E)	16.27	18.42	21.66	20.16	44.27	31.46	29.68	31.58	28.68	33.27	30.54
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.15%	5.43%	4.62%	4.96%	2.26%	3.18%	3.37%	3.17%	3.49%	3.01%	3.27%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	7.69	7.50	8.70	7.43	6.05	6.19	5.04	5.39	4.90	5.52	4.49
Enterprise Value to EBITDA (EV/EBITDA)	32.91	52.16	55.09	49.00	39.93	26.67	22.68	24.44	22.18	27.78	22.20
Enterprise Value to EBIT (EV/EBIT)	33.53	53.82	56.73	50.65	41.42	27.36	23.39	24.44	22.18	27.78	22.20
Enterprise Value to NOPAT (EV/NOPAT)	17.02	21.48	25.17	22.89	50.97	33.88	28.79	30.23	27.70	33.18	28.25
Enterprise Value to Operating Cash Flow (EV/OCF)	17.24	19.14	21.12	17.89	15.93	15.22	12.92	14.50	12.77	14.54	12.44
Enterprise Value to Free Cash Flow (EV/FCFF)	7.26	31.14	37.01	30.35	23.45	28.89	20.53	20.07	19.17	18.38	15.26
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.22	0.24	0.25	0.25	0.23	0.24	0.25	0.26	0.23	0.24	0.32
Long-Term Debt to Equity	0.22	0.24	0.25	0.25	0.23	0.24	0.00	0.00	0.00	0.00	0.32
Financial Leverage	-1.64	-1.92	-2.59	-2.84	-1.75	-1.72	-2.31	-2.54	-1.91	-1.84	-2.49
Leverage Ratio	2.35	2.67	3.38	3.64	2.48	2.51	3.13	3.38	2.65	2.60	3.33
Compound Leverage Factor	2.65	1.78	10.88	5.44	2.81	3.56	0.00	4.47	2.94	4.42	7.43
Debt to Total Capital	17.91%	19.60%	20.15%	19.94%	19.02%	19.17%	20.09%	20.42%	18.83%	19.60%	24.48%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	20.09%	20.42%	18.83%	19.60%	0.00%
Long-Term Debt to Total Capital	17.91%	19.60%	20.15%	19.94%	19.02%	19.17%	0.00%	0.00%	0.00%	0.00%	24.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	82.09%	80.40%	79.85%	80.06%	80.98%	80.83%	79.91%	79.58%	81.17%	80.40%	75.52%
Debt to EBITDA	0.89	1.40	1.23	1.25	1.22	0.77	0.80	0.78	0.76	0.82	0.97
Net Debt to EBITDA	-6.67	-9.79	-11.02	-12.30	-9.65	-5.64	-7.47	-7.99	-6.40	-6.57	-7.85
Long-Term Debt to EBITDA	0.89	1.40	1.23	1.25	1.22	0.77	0.00	0.00	0.00	0.00	0.97
Debt to NOPAT	0.46	0.58	0.56	0.58	1.55	0.98	1.01	0.97	0.95	0.98	1.23
Net Debt to NOPAT	-3.45	-4.03	-5.04	-5.75	-12.31	-7.17	-9.49	-9.88	-7.99	-7.84	-9.99
Long-Term Debt to NOPAT	0.46	0.58	0.56	0.58	1.55	0.98	0.00	0.00	0.00	0.00	1.23
Altman Z-Score	5.28	4.78	4.37	3.73	4.42	4.70	3.03	3.01	3.88	4.09	2.88
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.78	1.66	1.44	1.41	1.62	1.69	1.27	1.23	1.39	1.38	1.44
Quick Ratio	1.12	1.01	0.78	0.71	0.99	1.04	0.69	0.60	0.83	0.81	0.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	9,732	-1,421	-1,042	-433	2,711	670	826	1,550	2,187	1,873	1,759
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.90	0.54	0.46	0.44	0.50	0.53	0.45	0.43	0.53	0.57	0.49
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.73	1.12	1.23	1.12	0.71	0.66	0.67	0.66	0.75	0.73
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	500.13	325.38	295.85	325.12	511.93	556.32	541.30	551.10	486.61	499.70
Cash Conversion Cycle (CCC)	0.00	-500.13	-325.38	-295.85	-325.12	-511.93	-556.32	-541.30	-551.10	-486.61	-499.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-5,835	-5,784	-9,942	-11,598	-7,344	-6,135	-10,734	-12,644	-8,285	-7,775	-12,444
Invested Capital Turnover	-3.29	-1.57	-0.97	-0.87	-1.65	-1.86	-1.09	-0.96	-1.53	-1.76	-1.09
Increase / (Decrease) in Invested Capital	-5,835	1,074	1,133	838	-1,509	-351	-792	-1,046	-941	-1,640	-1,710
Enterprise Value (EV)	73,856	74,329	89,128	78,056	65,532	68,763	56,653	62,473	58,560	67,568	56,788
Market Capitalization	88,814	88,278	106,966	97,656	81,364	83,310	75,324	82,899	75,455	83,542	76,868
Book Value per Share	$14.09	$12.59	$12.38	$12.42	$13.23	$13.27	$12.59	$12.42	$13.86	$13.32	$12.54
Tangible Book Value per Share	$13.05	$11.37	$11.14	$11.21	$12.01	$12.04	$11.36	$11.18	$12.61	$12.07	$11.28
Total Capital	11,113	10,156	9,888	9,995	10,482	10,407	9,933	9,779	10,608	10,198	10,111
Total Debt	1,990	1,991	1,992	1,993	1,994	1,995	1,996	1,997	1,998	1,999	2,475
Total Long-Term Debt	1,990	1,991	1,992	1,993	1,994	1,995	0.00	0.00	0.00	0.00	2,475
Net Debt	-14,958	-13,949	-17,838	-19,600	-15,832	-14,547	-18,671	-20,426	-16,895	-15,974	-20,080
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-9,246	-9,381	-13,576	-15,169	-10,843	-9,523	-14,106	-16,062	-11,396	-10,826	-15,318
Debt-free Net Working Capital (DFNWC)	7,702	6,559	6,254	6,424	6,983	7,019	6,561	6,361	7,497	7,147	7,237
Net Working Capital (NWC)	7,702	6,559	6,254	6,424	6,983	7,019	4,565	4,364	5,499	5,148	7,237
Net Nonoperating Expense (NNE)	-477	1.80	-173	-150	-166	-142	-120	-138	-128	-108	-111
Net Nonoperating Obligations (NNO)	-14,958	-13,949	-17,838	-19,600	-15,832	-14,547	-18,671	-20,426	-16,895	-15,974	-20,080
Total Depreciation and Amortization (D&A)	8.00	16	14	14	15	22	25	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	-96.30%	-94.60%	-132.57%	-144.40%	-100.03%	-85.78%	-125.59%	-138.70%	-95.42%	-88.44%	-121.12%
Debt-free Net Working Capital to Revenue	80.22%	66.14%	61.07%	61.15%	64.42%	63.22%	58.41%	54.93%	62.77%	58.39%	57.22%
Net Working Capital to Revenue	80.22%	66.14%	61.07%	61.15%	64.42%	63.22%	40.64%	37.69%	46.04%	42.06%	57.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.83	($0.51)	$0.41	$0.87	$2.17	$0.74	$0.25	$1.04	$2.25	$0.56	$0.27
Adjusted Weighted Average Basic Shares Outstanding	640M	637M	638M	635M	631M	632M	621M	615M	611M	613M	598M
Adjusted Diluted Earnings per Share	$6.63	($0.55)	$0.41	$0.86	$2.13	$0.71	$0.24	$1.03	$2.21	$0.55	$0.26
Adjusted Weighted Average Diluted Shares Outstanding	660M	662M	654M	649M	642M	645M	632M	626M	621M	623M	608M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	648.44M	647.06M	644.04M	641.62M	633.97M	630.54M	626.41M	621.44M	615.55M	608.71M	602.70M
Normalized Net Operating Profit after Tax (NOPAT)	1,047	-347	91	405	1,202	319	34	504	1,246	233	49
Normalized NOPAT Margin	30.83%	-15.65%	4.25%	14.74%	32.22%	12.85%	1.49%	16.29%	30.43%	8.40%	1.83%
Pre Tax Income Margin	49.43%	-17.27%	13.68%	24.78%	46.49%	25.08%	7.61%	25.16%	43.76%	14.15%	10.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	36.63%	47.00%	50.80%	56.79%	181.94%	129.53%	137.39%	142.78%	134.25%	150.90%	161.70%

Financials Breakdown Chart

Key Financial Trends

Airbnb, Inc. (ABNB) has demonstrated robust liquidity and solid profitability across its quarterly reports over the last four years. In 2025, the company continued to post strong gross margins and meaningful operating cash flow, though cash flow can be volatile due to financing activity and seasonal patterns. Below are the key trends a retail investor should consider.

Healthy liquidity and cash on hand: Cash & equivalents have hovered around $7.6B in early-to-mid 2025 (e.g., Q1 2025 around $7.61B; Q3 2025 around $7.53B), supporting flexible liquidity for operations and potential strategic moves.
No long-term debt carried: Long-Term Debt is effectively $0.00 on the balance sheet through 2025, indicating minimal leverage and a strong liquidity position.
Consistently high gross margins: Gross margin environments are strong, with Q3 2025 gross margin near 86% (Total Gross Profit about $3.546B on $4.095B revenue), and Q4 2025 gross margin around 82%. This suggests pricing power and efficient cost of revenue management.
Solid operating cash flow generation: Net cash from continuing operating activities typically around $1.0B–$1.8B per quarter in 2025 (e.g., Q1 2025 about $1.789B; Q3 2025 about $1.356B; Q4 2025 about $0.526B), indicating healthy cash generation from core operations.
Revenue growth in 2025 versus 2024 in key quarters: Notable year-over-year strength in some 2025 quarters (e.g., Q3 2025 revenue about $4.095B vs. Q3 2024 about $3.732B), indicating improving topline momentum despite quarterly volatility.
Seasonality and quarterly volatility: The quarterly results show seasonality (e.g., Q3 spikes relative to Q4), which is typical for a travel marketplace and can lead to uneven quarterly comparisons.
Heavy financing outflows weigh cash in some quarters: Net cash from financing activities was materially negative in 2025, notably about -$4.85B in Q3 2025 and -$1.45B in Q4 2025, reflecting sizable share repurchases and other financing moves that reduce cash.
Significant cash burn from financing in late 2025: The large negative net change in cash in Q3 2025 (-$3.731B) and Q4 2025 (-$1.227B) underscores the cash impact of financing activities during that period.

05/20/26 06:06 AM ETAI Generated. May Contain Errors.

Airbnb Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Airbnb's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Airbnb's net income appears to be on an upward trend, with a most recent value of $2.51 billion in 2025, falling from -$674.34 million in 2019. The previous period was $2.65 billion in 2024. Find out what analysts predict for Airbnb in the coming months.

Airbnb's total operating income in 2025 was $2.54 billion, based on the following breakdown:

Total Gross Profit: $10.16 billion
Total Operating Expenses: $7.61 billion

Over the last 6 years, Airbnb's total revenue changed from $4.81 billion in 2019 to $12.24 billion in 2025, a change of 154.7%.

Airbnb's total liabilities were at $14.01 billion at the end of 2025, a 11.7% increase from 2024, and a 84.6% increase since 2020.

In the past 5 years, Airbnb's cash and equivalents has ranged from $5.48 billion in 2020 to $7.38 billion in 2022, and is currently $6.56 billion as of their latest financial filing in 2025.

Over the last 6 years, Airbnb's book value per share changed from 0.00 in 2019 to 13.32 in 2025, a change of 1,332.0%.

Related Companies

Financial statements for NASDAQ:ABNB last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Airbnb (ABNB) Financials

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Airbnb (ABNB) Financials

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Airbnb Financials - Frequently Asked Questions

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