Airbnb, Inc. Financials

ABNB

Source SEC Filings (10-K/10-Q) Updated Feb 12, 2026 Currency USD FYE February

Financial Health Signals

Financial Profile 65/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Airbnb, Inc. has an operating margin of 15.3%, meaning the company retains $15 of operating profit per $100 of revenue. This strong profitability earns a score of 77/100, reflecting efficient cost management and pricing power. This is down from 23.0% the prior year.

Growth

Airbnb, Inc.'s revenue declined 100% year-over-year, from $11.1B to $10K. This contraction results in a growth score of 0/100.

Leverage

100

Airbnb, Inc. carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Airbnb, Inc.'s current ratio of 1.69 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.

Returns

100

Airbnb, Inc. earns a strong 57.0% return on equity (ROE), meaning it generates $57 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 31.5% the prior year.

Altman Z-Score Safe

3478969.38

Airbnb, Inc. scores 3478969.38, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($72.8B) relative to total liabilities ($13K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Weak

3/9

Airbnb, Inc. passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

0.81x

For every $1 of reported earnings, Airbnb, Inc. generates $0.81 in operating cash flow ($4K OCF vs $5K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Airbnb, Inc. (ABNB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$10K

YoY-100.0%

5Y CAGR-92.2%

Airbnb, Inc. generated $10K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

EBITDA

$2K

YoY-100.0%

Airbnb, Inc.'s EBITDA was $2K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 100.0% from the prior year.

Free Cash Flow

N/A

Net Income

$5K

YoY-100.0%

Airbnb, Inc. reported $5K in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

EPS (Diluted)

$7.24

YoY+76.2%

Airbnb, Inc. earned $7.24 per diluted share (EPS) in fiscal year 2025. This represents an increase of 76.2% from the prior year.

Cash & Debt

$7K

YoY-100.0%

5Y CAGR-93.4%

Airbnb, Inc. held $7K in cash against $2K in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

424M

Airbnb, Inc. had 424M shares outstanding in fiscal year 2025.

Gross Margin

82.8%

YoY-0.2pp

5Y CAGR+8.8pp

Airbnb, Inc.'s gross margin was 82.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the prior year.

Operating Margin

15.3%

YoY-7.7pp

5Y CAGR+121.6pp

Airbnb, Inc.'s operating margin was 15.3% in fiscal year 2025, reflecting core business profitability. This is down 7.7 percentage points from the prior year.

Net Margin

48.3%

YoY+24.5pp

5Y CAGR+184.1pp

Airbnb, Inc.'s net profit margin was 48.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 24.5 percentage points from the prior year.

Return on Equity

57.0%

YoY+25.5pp

Airbnb, Inc.'s ROE was 57.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 25.5 percentage points from the prior year.

R&D Spending

$2K

YoY-100.0%

5Y CAGR-94.3%

Airbnb, Inc. invested $2K in research and development in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

Share Buybacks

$2K

YoY-100.0%

Airbnb, Inc. spent $2K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

N/A

ABNB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$10K-100.0%	$11.1B+11.9%	$9.9B+18.1%	$8.4B+40.2%	$6.0B+77.4%	$3.4B
Cost of Revenue	$2K-100.0%	$1.9B+10.3%	$1.7B+13.6%	$1.5B+29.7%	$1.2B+32.0%	$876.0M
Gross Profit	$8K-100.0%	$9.2B+12.3%	$8.2B+19.0%	$6.9B+42.7%	$4.8B+93.3%	$2.5B
R&D Expenses	$2K-100.0%	$2.1B+19.4%	$1.7B+14.6%	$1.5B+5.4%	$1.4B-48.2%	$2.8B
SG&A Expenses	$2K-100.0%	$1.2B-41.5%	$2.0B+113.2%	$950.0M+13.6%	$836.0M-26.3%	$1.1B
Operating Income	$2K-100.0%	$2.6B+68.2%	$1.5B-15.8%	$1.8B+320.0%	$429.0M+111.9%	-$3.6B
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$3K-100.0%	$683.0M+125.4%	-$2.7B-2902.1%	$96.0M+84.6%	$52.0M+153.6%	-$97.0M
Net Income	$5K-100.0%	$2.6B-44.7%	$4.8B+153.1%	$1.9B+637.8%	-$352.0M+92.3%	-$4.6B
EPS (Diluted)	$7.24+76.2%	$4.11-43.2%	$7.24+159.5%	$2.79+589.5%	$-0.57+96.5%	$-16.12

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$2.8B-32.2%	$4.1B+32.3%	$3.1B+36.3%	$2.3B-8.4%	$2.5B-33.5%	$3.7B+35.8%	$2.7B+28.3%	$2.1B
Cost of Revenue	$487.0M-11.3%	$549.0M+0.9%	$544.0M+7.5%	$506.0M+18.5%	$427.0M-8.2%	$465.0M-8.1%	$506.0M+5.4%	$480.0M
Gross Profit	$2.3B-35.4%	$3.5B+38.9%	$2.6B+44.5%	$1.8B-14.0%	$2.1B-37.2%	$3.3B+45.7%	$2.2B+34.9%	$1.7B
R&D Expenses	$589.0M+0.3%	$587.0M-3.8%	$610.0M+7.4%	$568.0M+5.6%	$538.0M+2.7%	$524.0M+1.0%	$519.0M+9.3%	$475.0M
SG&A Expenses	$411.0M+24.5%	$330.0M+7.5%	$307.0M+4.4%	$294.0M+18.5%	$248.0M-26.0%	$335.0M+6.3%	$315.0M+9.8%	$287.0M
Operating Income	$269.0M-83.4%	$1.6B+165.5%	$612.0M+1510.5%	$38.0M-91.2%	$430.0M-71.8%	$1.5B+206.8%	$497.0M+392.1%	$101.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$52.0M-87.6%	$418.0M+205.1%	$137.0M+621.1%	$19.0M-88.2%	$161.0M-56.1%	$367.0M+191.3%	$126.0M+334.5%	$29.0M
Net Income	$341.0M-75.2%	$1.4B+114.0%	$642.0M+316.9%	$154.0M-66.6%	$461.0M-66.3%	$1.4B+146.5%	$555.0M+110.2%	$264.0M
EPS (Diluted)	$0.55-75.1%	$2.21+114.6%	$1.03+329.2%	$0.24-66.2%	$0.71-66.7%	$2.13+147.7%	$0.86+109.8%	$0.41

ABNB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$21K-100.0%	$21.0B+1.5%	$20.6B+28.7%	$16.0B+17.0%	$13.7B+30.7%	$10.5B
Current Assets	$17K-100.0%	$17.2B+4.1%	$16.5B+11.1%	$14.9B+20.0%	$12.4B+38.9%	$8.9B
Cash & Equivalents	$7K-100.0%	$6.9B-0.1%	$6.9B-6.8%	$7.4B+21.6%	$6.1B+10.7%	$5.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$752-100.0%	$750.0M-0.3%	$752.0M+15.7%	$650.0M-0.5%	$653.0M-0.5%	$656.0M
Total Liabilities	$13K-100.0%	$12.5B+0.5%	$12.5B+19.1%	$10.5B+17.3%	$8.9B+17.7%	$7.6B
Current Liabilities	$10K-100.0%	$10.2B+2.1%	$9.9B+24.7%	$8.0B+25.5%	$6.4B+23.7%	$5.1B
Long-Term Debt	$2K-100.0%	$2.0B+0.2%	$2.0B+0.2%	$2.0B+0.2%	$2.0B+9.2%	$1.8B
Total Equity	$8K-100.0%	$8.4B+3.0%	$8.2B+46.9%	$5.6B+16.4%	$4.8B+64.6%	$2.9B
Retained Earnings	$4K+100.0%	-$4.2B-23.4%	-$3.4B+42.6%	-$6.0B+6.2%	-$6.4B-5.9%	-$6.0B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$22.2B-3.7%	$23.1B-14.6%	$27.0B+7.7%	$25.1B+19.5%	$21.0B-5.5%	$22.2B-15.8%	$26.3B+7.3%	$24.5B
Current Assets	$18.8B-3.8%	$19.5B-15.7%	$23.2B+8.9%	$21.3B+24.0%	$17.2B-6.2%	$18.3B-17.7%	$22.3B+9.1%	$20.4B
Cash & Equivalents	$6.6B-12.9%	$7.5B+1.7%	$7.4B-2.6%	$7.6B+10.7%	$6.9B-10.5%	$7.7B-2.7%	$7.9B+0.7%	$7.8B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$754.0M	N/A	N/A	N/A	$750.0M	N/A	N/A	N/A
Total Liabilities	$14.0B-3.1%	$14.5B-24.8%	$19.2B+12.2%	$17.1B+36.4%	$12.5B-8.3%	$13.7B-25.3%	$18.3B+10.1%	$16.6B
Current Liabilities	$13.6B-2.8%	$14.0B-25.4%	$18.8B+12.5%	$16.7B+64.6%	$10.2B-10.4%	$11.3B-28.4%	$15.8B+11.9%	$14.1B
Long-Term Debt	$0	$0	$0	$0-100.0%	$2.0B+0.1%	$2.0B+0.1%	$2.0B+0.1%	$2.0B
Total Equity	$8.2B-4.8%	$8.6B+10.6%	$7.8B-2.0%	$7.9B-5.6%	$8.4B-0.9%	$8.5B+6.1%	$8.0B+1.3%	$7.9B
Retained Earnings	-$5.5B-15.9%	-$4.7B+9.7%	-$5.3B-7.7%	-$4.9B-15.6%	-$4.2B-9.9%	-$3.8B+6.5%	-$4.1B-5.0%	-$3.9B

ABNB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$4K-100.0%	$4.5B+16.3%	$3.9B+13.2%	$3.4B+48.3%	$2.3B+412.6%	-$740.0M
Capital Expenditures	N/A	N/A	N/A	$25.0M0.0%	$25.0M-32.4%	$37.0M
Free Cash Flow	N/A	N/A	N/A	$3.4B+48.8%	$2.3B+394.5%	-$777.0M
Investing Cash Flow	$1K+100.0%	-$616.0M+40.9%	-$1.0B-3621.4%	-$28.0M+97.9%	-$1.4B-1790.0%	$80.0M
Financing Cash Flow	$2K+100.0%	-$3.6B-47.0%	-$2.4B-252.7%	-$689.0M-152.7%	$1.3B-57.1%	$3.1B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$2K-100.0%	$3.4B+52.3%	$2.3B+50.1%	$1.5B	$0	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$526.0M-61.2%	$1.4B+39.1%	$975.0M-45.5%	$1.8B+283.9%	$466.0M-56.8%	$1.1B+2.6%	$1.1B-45.3%	$1.9B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$300.0M-45.6%	-$206.0M-126.4%	-$91.0M+39.7%	-$151.0M+31.4%	-$220.0M-8.9%	-$202.0M-83.6%	-$110.0M-31.0%	-$84.0M
Financing Cash Flow	-$1.4B+70.1%	-$4.8B-1578.7%	$328.0M-84.7%	$2.1B+261.3%	-$1.3B+74.4%	-$5.2B-739.6%	$811.0M-62.0%	$2.1B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$1.1B+24.9%	$877.0M-13.2%	$1.0B+25.2%	$807.0M-3.7%	$838.0M-23.3%	$1.1B+45.9%	$749.0M-0.1%	$750.0M

ABNB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	82.8%-0.2pp	83.1%+0.2pp	82.8%+0.7pp	82.2%+1.4pp	80.7%+6.6pp	74.1%
Operating Margin	15.3%-7.7pp	23.0%+7.7pp	15.3%-6.1pp	21.4%+14.3pp	7.2%+113.4pp	-106.3%
Net Margin	48.3%+24.5pp	23.8%-24.5pp	48.3%+25.8pp	22.5%+28.4pp	-5.9%+129.9pp	-135.7%
Return on Equity	57.0%+25.5pp	31.5%-27.2pp	58.7%+24.6pp	34.1%	N/A	N/A
Return on Assets	22.9%+10.2pp	12.6%-10.6pp	23.2%+11.4pp	11.8%+14.4pp	-2.6%+41.1pp	-43.7%
Current Ratio	1.690.0	1.69+0.0	1.66-0.2	1.86-0.1	1.95+0.2	1.73
Debt-to-Equity	0.240.0	0.240.0	0.24-0.1	0.36-0.1	0.42-0.2	0.63
FCF Margin	N/A	N/A	N/A	40.5%+2.4pp	38.2%+61.2pp	-23.0%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	82.5%-4.1pp	86.6%+4.2pp	82.4%+4.7pp	77.7%-5.0pp	82.8%-4.8pp	87.5%+5.9pp	81.6%+4.0pp	77.6%
Operating Margin	9.7%-30.0pp	39.7%+19.9pp	19.8%+18.1pp	1.7%-15.7pp	17.3%-23.5pp	40.9%+22.8pp	18.1%+13.4pp	4.7%
Net Margin	12.3%-21.3pp	33.6%+12.8pp	20.7%+14.0pp	6.8%-11.8pp	18.6%-18.1pp	36.7%+16.5pp	20.2%+7.9pp	12.3%
Return on Equity	4.2%-11.8pp	16.0%+7.7pp	8.3%+6.3pp	1.9%-3.5pp	5.5%-10.6pp	16.1%+9.2pp	6.9%+3.6pp	3.3%
Return on Assets	1.5%-4.4pp	6.0%+3.6pp	2.4%+1.8pp	0.6%-1.6pp	2.2%-4.0pp	6.2%+4.1pp	2.1%+1.0pp	1.1%
Current Ratio	1.38-0.0	1.39+0.2	1.23-0.0	1.27-0.4	1.69+0.1	1.62+0.2	1.41-0.0	1.44
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.00-0.2	0.240.0	0.23-0.0	0.250.0	0.25
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Airbnb, Inc.'s annual revenue?

Airbnb, Inc. (ABNB) reported $10K in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Airbnb, Inc.'s revenue growing?

Airbnb, Inc. (ABNB) revenue declined by 100% year-over-year, from $11.1B to $10K in fiscal year 2025.

Is Airbnb, Inc. profitable?

Yes, Airbnb, Inc. (ABNB) reported a net income of $5K in fiscal year 2025, with a net profit margin of 48.3%.

What is Airbnb, Inc.'s earnings per share (EPS)?

Airbnb, Inc. (ABNB) reported diluted earnings per share of $7.24 for fiscal year 2025. This represents a 76.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Airbnb, Inc.'s EBITDA?

Airbnb, Inc. (ABNB) had EBITDA of $2K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Airbnb, Inc. have?

As of fiscal year 2025, Airbnb, Inc. (ABNB) had $7K in cash and equivalents against $2K in long-term debt.

What is Airbnb, Inc.'s gross margin?

Airbnb, Inc. (ABNB) had a gross margin of 82.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Airbnb, Inc.'s operating margin?

Airbnb, Inc. (ABNB) had an operating margin of 15.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Airbnb, Inc.'s net profit margin?

Airbnb, Inc. (ABNB) had a net profit margin of 48.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Airbnb, Inc.'s return on equity (ROE)?

Airbnb, Inc. (ABNB) has a return on equity of 57.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Airbnb, Inc.'s operating cash flow?

Airbnb, Inc. (ABNB) generated $4K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Airbnb, Inc.'s total assets?

Airbnb, Inc. (ABNB) had $21K in total assets as of fiscal year 2025, including both current and long-term assets.

How much does Airbnb, Inc. spend on research and development?

Airbnb, Inc. (ABNB) invested $2K in research and development during fiscal year 2025.

Does Airbnb, Inc. buy back shares?

Yes, Airbnb, Inc. (ABNB) spent $2K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Airbnb, Inc. have outstanding?

Airbnb, Inc. (ABNB) had 424M shares outstanding as of fiscal year 2025.

What is Airbnb, Inc.'s current ratio?

Airbnb, Inc. (ABNB) had a current ratio of 1.69 as of fiscal year 2025, which is generally considered healthy.

What is Airbnb, Inc.'s debt-to-equity ratio?

Airbnb, Inc. (ABNB) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Airbnb, Inc.'s return on assets (ROA)?

Airbnb, Inc. (ABNB) had a return on assets of 22.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Airbnb, Inc.'s Altman Z-Score?

Airbnb, Inc. (ABNB) has an Altman Z-Score of 3478969.38, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Airbnb, Inc.'s Piotroski F-Score?

Airbnb, Inc. (ABNB) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Airbnb, Inc.'s earnings high quality?

Airbnb, Inc. (ABNB) has an earnings quality ratio of 0.81x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Airbnb, Inc.?

Airbnb, Inc. (ABNB) scores 65 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.