NASDAQ : ABNB
Airbnb, Inc. — Financial statements
Consumer Discretionary · Travel Services · United States
Last price 164.39 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 96.92B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Airbnb, Inc. (ABNB) reported revenue of 13.16B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 13.16B | 12.24B | 11.10B | 9.92B | 8.40B | 5.99B |
| Cost of Revenue | 2.25B | 2.09B | 1.88B | 1.70B | 1.50B | 1.16B |
| Gross Profit | 10.91B | 10.15B | 9.22B | 8.21B | 6.90B | 4.84B |
| Selling, General & Admin | 5.42B | 4.95B | 4.38B | 4.08B | 3.39B | 2.87B |
| Research & Development | 2.49B | 2.35B | 2.06B | 1.72B | 1.50B | 1.43B |
| Other Operating Expenses | 268.00M | 305.00M | 237.00M | 894.00M | 113.00M | |
| Operating Expenses | 8.17B | 7.61B | 6.67B | 6.70B | 5.01B | 4.29B |
| Operating Income | 2.74B | 2.54B | 2.55B | 1.52B | 1.89B | 542.00M |
| Interest Expense | -47.00M | -438.00M | ||||
| Interest & Investment Income | 680.00M | 705.00M | 818.00M | 721.00M | 186.00M | 13.00M |
| Currency Exchange Gain (Loss) | -35.00M | -35.00M | 29.00M | -48.00M | 29.00M | -5.00M |
| Other Non Operating Income (Expenses) | -36.00M | -47.00M | -24.00M | -89.00M | -28.00M | -282.00M |
| EBT Excluding Unusual Items | 3.30B | 3.17B | 3.38B | 2.10B | 2.08B | -170.00M |
| Merger & Restructuring Charges | -89.00M | -113.00M | ||||
| Gain (Loss) on Sale of Investments | 63.00M | -30.00M | -45.00M | -17.00M | ||
| Asset Writedown | -2.00M | |||||
| Pretax Income | 3.36B | 3.14B | 3.33B | 2.10B | 1.99B | -300.00M |
| Income Tax Expense | 672.00M | 626.00M | 683.00M | -2.69B | 96.00M | 52.00M |
| Net Income | 2.69B | 2.51B | 2.65B | 4.79B | 1.89B | -352.00M |
| Net Income to Common | 2.69B | 2.51B | 2.65B | 4.79B | 1.89B | -352.00M |
| Shares Outstanding (Basic) | 601.50M | 613.00M | 632.00M | 637.00M | 637.00M | 616.00M |
| Shares Outstanding (Diluted) | 609.50M | 623.00M | 645.00M | 662.00M | 680.00M | 616.00M |
| EPS (Basic) | 4.47 | 4.10 | 4.19 | 7.52 | 2.97 | -0.57 |
| EPS (Diluted) | 4.42 | 4.04 | 4.11 | 7.24 | 2.79 | -0.57 |
| Free Cash Flow | 4.86B | 4.65B | 4.52B | 3.88B | 3.43B | 2.31B |
| Free Cash Flow Per Share | 7.97 | 7.46 | 7.00 | 5.87 | 5.04 | 3.75 |
| Gross Margin | 82.90% | 82.96% | 83.08% | 82.83% | 82.15% | 80.71% |
| Operating Margin | 20.81% | 20.78% | 23.00% | 15.31% | 22.54% | 9.04% |
| Profit Margin | 20.45% | 20.51% | 23.85% | 48.32% | 22.54% | -5.87% |
| Free Cash Flow Margin | 36.93% | 37.95% | 40.70% | 39.16% | 40.84% | 38.60% |
| EBITDA | 2.76B | 2.57B | 2.58B | 1.54B | 1.95B | 614.00M |
| EBITDA Margin | 20.98% | 21.03% | 23.28% | 15.49% | 23.17% | 10.25% |
| D&A For EBITDA | 23.00M | 30.00M | 31.00M | 18.00M | 53.00M | 72.00M |
| EBIT | 2.74B | 2.54B | 2.55B | 1.52B | 1.89B | 542.00M |
| EBIT Margin | 20.81% | 20.78% | 23.00% | 15.31% | 22.54% | 9.04% |
| Effective Tax Rate | 19.98% | 19.96% | 20.50% | 4.83% | ||
| Advertising Expenses | 843.00M | 1.10B | 953.00M | 786.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.82B | 6.56B | 6.86B | 6.87B | 7.38B | 6.07B |
| Short-Term Investments | 5.25B | 4.45B | 3.75B | 3.20B | 2.24B | 2.25B |
| Cash & Short-Term Investments | 12.07B | 11.01B | 10.61B | 10.07B | 9.62B | 8.32B |
| Receivables | 209.00M | 186.00M | 147.00M | 205.00M | 161.00M | 112.00M |
| Prepaid Expenses | 826.00M | 264.00M | 196.00M | |||
| Restricted Cash | 67.00M | 17.00M | 15.00M | |||
| Other Current Assets | 12.31B | 7.60B | 6.42B | 6.23B | 4.80B | 3.74B |
| Total Current Assets | 25.48B | 18.80B | 17.18B | 16.51B | 14.86B | 12.39B |
| Property, Plant & Equipment | 224.00M | 222.00M | 252.00M | 259.00M | 429.00M | |
| Long-Term Investments | 79.00M | 85.00M | ||||
| Goodwill | 754.00M | 750.00M | 752.00M | 650.00M | 653.00M | |
| Other Intangible Assets | 765.00M | 49.00M | 96.00M | 67.00M | 34.00M | 52.00M |
| Long-Term Deferred Tax Assets | 1.91B | 2.10B | 2.44B | 2.88B | 16.00M | |
| Other Long-Term Assets | 600.00M | 282.00M | 272.00M | 184.00M | 139.00M | 103.00M |
| Total Assets | 28.75B | 22.21B | 20.96B | 20.64B | 16.04B | 13.71B |
| Accounts Payable | 144.00M | 232.00M | 142.00M | 141.00M | 137.00M | 118.00M |
| Accrued Expenses | 1.85B | 1.73B | 1.55B | 1.55B | 1.00B | 909.00M |
| Current Portion of Long-Term Debt | 2.00B | |||||
| Current Portion of Leases | 20.00M | 68.00M | 63.00M | 61.00M | 59.00M | 63.00M |
| Current Unearned Revenue | 2.83B | 1.74B | 1.62B | 1.43B | 1.18B | 1.00B |
| Other Current Liabilities | 13.24B | 7.88B | 6.79B | 6.77B | 5.60B | 4.27B |
| Total Current Liabilities | 18.09B | 13.65B | 10.16B | 9.95B | 7.98B | 6.36B |
| Long-Term Debt | 2.48B | 2.00B | 1.99B | 1.99B | 1.98B | |
| Long-Term Leases | 204.00M | 236.00M | 252.00M | 295.00M | 372.00M | |
| Other Long-Term Liabilities | 387.00M | 156.00M | 155.00M | 287.00M | 218.00M | 219.00M |
| Total Liabilities | 20.95B | 14.01B | 12.55B | 12.48B | 10.48B | 8.93B |
| Additional Paid-In Capital | 14.43B | 13.76B | 12.60B | 11.64B | 11.56B | 11.14B |
| Retained Earnings | -6.65B | -5.50B | -4.22B | -3.42B | -5.96B | -6.36B |
| Comprehensive Income & Other | 19.00M | -62.00M | 35.00M | -49.00M | -32.00M | -7.00M |
| Total Common Equity | 7.80B | 8.20B | 8.41B | 8.16B | 5.56B | 4.78B |
| Shareholders' Equity | 7.80B | 8.20B | 8.41B | 8.16B | 5.56B | 4.78B |
| Total Liabilities & Equity | 28.75B | 22.21B | 20.96B | 20.64B | 16.04B | 13.71B |
| Total Debt | 2.50B | 2.27B | 2.29B | 2.30B | 2.34B | 2.42B |
| Net Cash (Debt) | 9.57B | 8.74B | 8.32B | 7.77B | 7.28B | 5.90B |
| Net Cash Per Share | 15.71 | 14.03 | 12.89 | 11.73 | 10.71 | 9.58 |
| Filing Date Shares Outstanding | 589.59M | 599.51M | 621.34M | 637.86M | 631.33M | 633.67M |
| Total Common Shares Outstanding | 590.00M | 602.00M | 623.00M | 638.00M | 630.98M | 633.52M |
| Working Capital | 7.39B | 5.15B | 7.02B | 6.56B | 6.88B | 6.03B |
| Book Value Per Share | 13.22 | 13.62 | 13.50 | 12.80 | 8.81 | 7.54 |
| Tangible Book Value | 7.03B | 7.40B | 7.57B | 7.35B | 4.88B | 4.07B |
| Tangible Book Value Per Share | 11.92 | 12.29 | 12.14 | 11.51 | 7.73 | 6.42 |
| Buildings | 17.00M | 17.00M | ||||
| Machinery | 30.00M | 72.00M | 100.00M | |||
| Construction In Progress | 82.00M | 45.00M | 30.00M | |||
| Leasehold Improvements | 114.00M | 110.00M | 90.00M | 152.00M | 214.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.69B | 2.51B | 2.65B | 4.79B | 1.89B | -352.00M |
| Depreciation & Amortization | 23.00M | 30.00M | 31.00M | 18.00M | 53.00M | 72.00M |
| Other Amortization | 61.00M | 61.00M | 34.00M | 13.00M | 28.00M | 66.00M |
| Asset Writedown & Restructuring Costs | 91.00M | 113.00M | ||||
| Stock-Based Compensation | 1.71B | 1.59B | 1.41B | 1.12B | 930.00M | 899.00M |
| Other Operating Activities | 636.00M | 558.00M | 465.00M | -2.78B | 116.00M | 754.00M |
| Change in Unearned Revenue | -29.00M | 122.00M | 200.00M | 242.00M | 280.00M | 496.00M |
| Change in Other Net Operating Assets | -229.00M | -228.00M | -267.00M | 478.00M | 39.00M | 265.00M |
| Operating Cash Flow | 4.86B | 4.65B | 4.52B | 3.88B | 3.43B | 2.31B |
| Investment in Securities | -1.31B | -702.00M | -541.00M | -928.00M | -1.00M | -1.33B |
| Other Investing Activities | -7.00M | -46.00M | -75.00M | -114.00M | -27.00M | -25.00M |
| Investing Cash Flow | -1.32B | -748.00M | -616.00M | -1.04B | -28.00M | -1.35B |
| Long-Term Debt Issued | 1.98B | |||||
| Long-Term Debt Repaid | -2.00B | |||||
| Net Debt Issued (Repaid) | 478.00M | -16.00M | ||||
| Issuance of Common Stock | 128.00M | 122.00M | 168.00M | 110.00M | 88.00M | 189.00M |
| Repurchase of Common Stock | -4.68B | -4.35B | -4.06B | -3.48B | -2.11B | -177.00M |
| Other Financing Activities | 1.32B | 401.00M | 320.00M | 936.00M | 1.33B | 1.31B |
| Financing Cash Flow | -2.76B | -3.83B | -3.57B | -2.43B | -689.00M | 1.31B |
| Foreign Exchange Rate Adjustments | -180.00M | 655.00M | -237.00M | 152.00M | -337.00M | -210.00M |
| Net Cash Flow | 605.00M | 726.00M | 93.00M | 564.00M | 2.38B | 2.06B |
| Free Cash Flow | 4.86B | 4.65B | 4.52B | 3.88B | 3.43B | 2.31B |
| Free Cash Flow Margin | 36.93% | 37.95% | 40.70% | 39.16% | 40.84% | 38.60% |
| Free Cash Flow Per Share | 7.97 | 7.46 | 7.00 | 5.87 | 5.04 | 3.75 |
| Levered Free Cash Flow | 3.21B | 3.54B | 3.15B | 2.87B | 2.64B | 802.69M |
| Unlevered Free Cash Flow | 3.24B | 3.54B | 3.15B | 2.87B | 2.64B | 1.08B |
| Cash Interest Paid | 3.00M | 2.00M | 2.00M | 55.00M | 8.00M | 50.00M |
| Cash Income Tax Paid | 222.00M | 232.00M | 350.00M | 132.00M | 68.00M | 17.00M |
| Change in Working Capital | -258.00M | -106.00M | -67.00M | 720.00M | 319.00M | 761.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 96.92B | 82.29B | 82.10B | 87.26B | 54.14B | 104.25B |
| Enterprise Value | 87.35B | 72.89B | 73.11B | 78.60B | 46.87B | 98.76B |
| Last Close Price | 164.39 | 135.72 | 131.41 | 136.14 | 85.50 | 166.49 |
| PE Ratio | 37.19 | 32.77 | 31.00 | 18.21 | 28.60 | |
| Forward PE | 29.16 | 28.90 | 30.90 | 32.46 | 32.40 | 190.08 |
| PS Ratio | 7.37 | 6.72 | 7.39 | 8.80 | 6.45 | 17.40 |
| PB Ratio | 12.44 | 10.04 | 9.76 | 10.69 | 9.74 | 21.83 |
| P/TBV Ratio | 13.78 | 11.13 | 10.85 | 11.88 | 11.10 | 25.61 |
| P/FCF Ratio | 19.94 | 17.71 | 18.17 | 22.46 | 15.78 | 45.07 |
| P/OCF Ratio | 19.94 | 17.71 | 18.17 | 22.46 | 15.78 | 45.07 |
| PEG Ratio | 1.38 | 2.11 | 2.06 | 4.11 | 0.83 | |
| EV/Sales Ratio | 6.64 | 5.95 | 6.58 | 7.93 | 5.58 | 16.48 |
| EV/EBITDA Ratio | 31.64 | 28.32 | 28.29 | 51.17 | 24.09 | 160.85 |
| EV/EBIT Ratio | 31.90 | 28.65 | 28.64 | 51.78 | 24.76 | 182.22 |
| EV/FCF Ratio | 17.97 | 15.69 | 16.18 | 20.24 | 13.66 | 42.70 |
| Debt / Equity Ratio | 0.32 | 0.28 | 0.27 | 0.28 | 0.42 | 0.51 |
| Debt / EBITDA Ratio | 0.88 | 0.86 | 0.86 | 1.43 | 1.15 | 3.39 |
| Debt / FCF Ratio | 0.51 | 0.49 | 0.51 | 0.59 | 0.68 | 1.04 |
| Net Debt / Equity Ratio | -1.23 | -1.07 | -0.99 | -0.95 | -1.31 | -1.24 |
| Net Debt / EBITDA Ratio | -3.47 | -3.40 | -3.22 | -5.06 | -3.74 | -9.62 |
| Net Debt / FCF Ratio | -1.97 | -1.88 | -1.84 | -2.00 | -2.12 | -2.55 |
| Asset Turnover | 0.47 | 0.57 | 0.53 | 0.54 | 0.56 | 0.49 |
| Quick Ratio | 0.68 | 0.82 | 1.06 | 1.03 | 1.23 | 1.33 |
| Current Ratio | 1.41 | 1.38 | 1.69 | 1.66 | 1.86 | 1.95 |
| Return on Equity (ROE) | 34.54% | 30.23% | 31.95% | 69.83% | 36.63% | -9.17% |
| Return on Assets (ROA) | 6.14% | 7.37% | 7.67% | 5.17% | 7.95% | 2.80% |
| Return on Capital Employed (ROCE) | 25.70% | 29.70% | 23.60% | 14.20% | 23.50% | 7.40% |
| Earnings Yield | 2.69% | 3.05% | 3.23% | 5.49% | 3.50% | -0.34% |
| FCF Yield | 5.01% | 5.65% | 5.50% | 4.45% | 6.34% | 2.22% |
| Buyback Yield / Dilution | 3.86% | 3.41% | 2.57% | 2.65% | -10.39% | -116.90% |