Airbnb (ABNB) Financials

$125.65 +0.55 (+0.44%)

As of 03:20 PM 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
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-674	-4,585	-352	1,893	4,792	2,648
Consolidated Net Income / (Loss)	-674	-4,585	-352	1,893	4,792	2,648
Net Income / (Loss) Continuing Operations	-674	-4,585	-352	1,893	4,792	2,648
Total Pre-Tax Income	-412	-4,682	-300	1,989	2,102	3,331
Total Operating Income	-502	-3,590	429	1,802	1,518	2,553
Total Gross Profit	3,609	2,502	4,836	6,900	8,214	9,224
Total Revenue	4,805	3,378	5,992	8,399	9,917	11,102
Operating Revenue	4,805	3,378	5,992	8,399	9,917	11,102
Total Cost of Revenue	1,196	876	1,156	1,499	1,703	1,878
Operating Cost of Revenue	1,196	876	1,156	1,499	1,703	1,878
Total Operating Expenses	4,110	6,092	4,407	5,098	6,696	6,671
Selling, General & Admin Expense	697	1,135	836	950	2,025	1,185
Marketing Expense	1,622	1,175	1,186	1,516	1,763	2,148
Research & Development Expense	977	2,753	1,425	1,502	1,722	2,056
Other Operating Expenses / (Income)	815	878	847	1,041	1,186	1,282
Restructuring Charge	0.00	151	113	89	0.00	0.00
Total Other Income / (Expense), net	90	-1,092	-729	187	584	778
Interest & Investment Income	76	-145	-425	186	721	818
Other Income / (Expense), net	14	-947	-304	1.00	-137	-40
Income Tax Expense	263	-97	52	96	-2,690	683
Basic Earnings per Share	($5.18)	($16.12)	($0.57)	$2.97	$7.52	$4.19
Weighted Average Basic Shares Outstanding	781.67M	284M	616M	637M	637M	632M
Diluted Earnings per Share	($5.18)	($16.12)	($0.57)	$2.79	$7.24	$4.11
Weighted Average Diluted Shares Outstanding	781.67M	284M	616M	680M	662M	645M
Weighted Average Basic & Diluted Shares Outstanding	-	-	642.87M	640.53M	647.06M	630.54M

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	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
Net Income / (Loss) Attributable to Common Shareholders	319	117	650	4,374	-349	264	555	1,368	461	154	642
Consolidated Net Income / (Loss)	319	117	650	4,374	-349	264	555	1,368	461	154	642
Net Income / (Loss) Continuing Operations	319	117	650	4,374	-349	264	555	1,368	461	154	642
Total Pre-Tax Income	344	130	676	1,679	-383	293	681	1,735	622	173	779
Total Operating Income	235	-5.00	523	1,496	-496	101	497	1,525	430	38	612
Total Gross Profit	1,557	1,390	2,052	2,938	1,834	1,662	2,242	3,267	2,053	1,766	2,552
Total Revenue	1,902	1,818	2,484	3,397	2,218	2,142	2,748	3,732	2,480	2,272	3,096
Operating Revenue	1,902	1,818	2,484	3,397	2,218	2,142	2,748	3,732	2,480	2,272	3,096
Total Cost of Revenue	345	428	432	459	384	480	506	465	427	506	544
Operating Cost of Revenue	345	428	432	459	384	480	506	465	427	506	544
Total Operating Expenses	1,322	1,395	1,529	1,442	2,330	1,561	1,745	1,742	1,623	1,728	1,940
Selling, General & Admin Expense	256	243	275	304	1,203	287	315	335	248	294	307
Marketing Expense	408	450	486	403	424	514	573	514	547	563	691
Research & Development Expense	398	420	451	419	432	475	519	524	538	568	610
Other Operating Expenses / (Income)	260	282	317	316	271	285	338	369	290	303	332
Total Other Income / (Expense), net	109	135	153	183	113	192	184	210	192	135	167
Interest & Investment Income	121	146	191	192	192	202	226	207	183	173	190
Other Income / (Expense), net	-12	-11	-38	-9.00	-79	-10	-42	3.00	9.00	-38	-23
Income Tax Expense	25	13	26	-2,695	-34	29	126	367	161	19	137
Basic Earnings per Share	$0.51	$0.18	$1.02	$6.83	($0.51)	$0.41	$0.87	$2.17	$0.74	$0.25	$1.04
Weighted Average Basic Shares Outstanding	637M	634M	635M	640M	637M	638M	635M	631M	632M	621M	615M
Diluted Earnings per Share	$0.47	$0.18	$0.98	$6.63	($0.55)	$0.41	$0.86	$2.13	$0.71	$0.24	$1.03
Weighted Average Diluted Shares Outstanding	680M	670M	665M	660M	662M	654M	649M	642M	645M	632M	626M
Weighted Average Basic & Diluted Shares Outstanding	640.53M	639.45M	647.28M	648.44M	647.06M	644.04M	641.62M	633.97M	630.54M	626.41M	621.44M

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
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	705	2,525	2,059	2,376	564	93
Net Cash From Operating Activities	223	-740	2,313	3,430	3,884	4,518
Net Cash From Continuing Operating Activities	223	-740	2,313	3,430	3,884	4,518
Net Income / (Loss) Continuing Operations	-674	-4,585	-352	1,893	4,792	2,648
Consolidated Net Income / (Loss)	-674	-4,585	-352	1,893	4,792	2,648
Depreciation Expense	114	126	138	81	44	65
Non-Cash Adjustments To Reconcile Net Income	220	4,043	1,681	1,021	1,120	1,407
Changes in Operating Assets and Liabilities, net	563	-324	846	435	-2,072	398
Net Cash From Investing Activities	-347	80	-1,352	-28	-1,042	-616
Net Cash From Continuing Investing Activities	-347	80	-1,352	-28	-1,042	-616
Purchase of Investments	-1,224	-3,033	-4,938	-4,072	-3,308	-3,146
Sale and/or Maturity of Investments	1,161	3,158	3,611	4,071	2,380	2,605
Other Investing Activities, net	34	-8.00	-25	-27	-114	-75
Net Cash From Financing Activities	855	3,051	1,308	-689	-2,430	-3,572
Net Cash From Continuing Financing Activities	855	3,051	1,308	-689	-2,430	-3,572
Repurchase of Common Equity	-	0.00	0.00	-1,500	-2,252	-3,430
Issuance of Common Equity	0.00	3,651	-	88	110	168
Other Financing Activities, net	855	-2,536	1,537	723	-288	-310
Effect of Exchange Rate Changes	-25	134	-210	-337	152	-237

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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	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
Net Change in Cash & Equivalents	-156	3,769	1,109	-2,893	-1,421	3,862	1,661	-3,992	-1,438	3,990	1,694
Net Cash From Operating Activities	463	1,587	909	1,325	63	1,923	1,051	1,078	466	1,789	975
Net Cash From Continuing Operating Activities	463	1,587	909	1,325	63	1,923	1,051	1,078	466	1,789	975
Net Income / (Loss) Continuing Operations	319	117	650	4,374	-349	264	555	1,368	461	154	642
Consolidated Net Income / (Loss)	319	117	650	4,374	-349	264	555	1,368	461	154	642
Non-Cash Adjustments To Reconcile Net Income	146	240	304	286	290	295	382	362	368	358	424
Changes in Operating Assets and Liabilities, net	-15	1,219	-54	-3,343	106	1,350	100	-667	-385	1,252	-66
Net Cash From Investing Activities	-143	-183	-20	-364	-475	-84	-110	-202	-220	-151	-91
Net Cash From Continuing Investing Activities	-143	-183	-20	-364	-475	-84	-110	-202	-220	-151	-91
Purchase of Investments	-1,057	-1,094	-597	-674	-943	-826	-694	-929	-697	-766	-877
Sale and/or Maturity of Investments	922	917	586	325	552	756	592	731	526	623	809
Other Investing Activities, net	-25	-6.00	-9.00	-15	-84	-14	-8.00	-4.00	-49	-8.00	-23
Net Cash From Financing Activities	-764	2,286	167	-3,712	-1,171	2,134	811	-5,187	-1,330	2,145	328
Net Cash From Continuing Financing Activities	-764	2,286	167	-3,712	-1,171	2,134	811	-5,187	-1,330	2,145	328
Repurchase of Common Equity	-500	-493	-507	-500	-752	-750	-749	-1,093	-838	-807	-1,010
Issuance of Common Equity	68	-	-	14	42	46	-	8.00	61	30	45
Other Financing Activities, net	-332	2,779	620	-3,226	-461	2,838	1,461	-4,102	-553	2,922	1,293
Effect of Exchange Rate Changes	288	79	53	-142	162	-111	-91	319	-354	207	482

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

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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	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
Total Assets	16,038	20,018	21,188	21,439	20,645	24,537	26,320	22,172	20,959	25,056	26,992
Total Current Assets	14,861	18,869	20,052	17,523	16,509	20,393	22,252	18,319	17,180	21,295	23,180
Cash & Equivalents	7,378	8,166	7,905	8,175	6,874	7,829	7,882	7,670	6,864	7,600	7,402
Restricted Cash	4,783	7,760	9,144	5,986	5,869	8,737	10,342	6,573	5,931	9,175	11,067
Short-Term Investments	2,244	2,428	2,435	2,787	3,197	3,264	3,369	3,583	3,747	3,892	3,954
Prepaid Expenses	456	515	568	575	569	563	659	493	638	628	757
Plant, Property, & Equipment, net	0.00	122	132	147	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	1,177	1,027	1,004	3,769	4,136	4,144	4,068	3,853	3,779	3,761	3,812
Goodwill	684	682	679	676	792	786	783	783	777	775	776
Noncurrent Deferred & Refundable Income Taxes	16	-	-	2,775	2,881	2,886	2,825	2,601	2,439	2,459	2,428
Other Noncurrent Operating Assets	477	345	325	318	463	472	460	469	563	527	608
Total Liabilities & Shareholders' Equity	16,038	20,018	21,188	21,439	20,645	24,537	26,320	22,172	20,959	25,056	26,992
Total Liabilities	10,478	14,727	16,129	12,316	12,480	16,641	18,318	13,684	12,547	17,119	19,210
Total Current Liabilities	7,978	12,212	13,624	9,821	9,950	14,139	15,828	11,336	10,161	16,730	18,816
Short-Term Debt	-	-	-	-	-	-	-	-	-	1,996	1,997
Accounts Payable	2,013	161	100	163	2,654	2,968	2,865	3,106	2,614	2,836	2,895
Current Deferred Revenue	1,182	2,172	2,347	1,467	1,427	2,434	2,621	1,657	1,616	2,723	2,857
Other Current Liabilities	4,783	7,760	9,144	5,986	5,869	8,737	10,342	6,573	5,931	9,175	11,067
Total Noncurrent Liabilities	2,500	2,515	2,505	2,495	2,530	2,502	2,490	2,348	2,386	389	394
Long-Term Debt	1,987	1,988	1,989	1,990	1,991	1,992	1,993	1,994	1,995	0.00	0.00
Other Noncurrent Operating Liabilities	513	527	516	505	539	510	497	354	391	389	394
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	5,560	5,291	5,059	9,123	8,165	7,896	8,002	8,488	8,412	7,937	7,782
Total Preferred & Common Equity	5,560	5,291	5,059	9,123	8,165	7,896	8,002	8,488	8,412	7,937	7,782
Total Common Equity	5,560	5,291	5,059	9,123	8,165	7,896	8,002	8,488	8,412	7,937	7,782
Common Stock	11,557	11,662	11,290	11,452	11,639	11,819	12,116	12,378	12,602	12,841	13,168
Retained Earnings	-5,965	-6,341	-6,198	-2,324	-3,425	-3,914	-4,109	-3,843	-4,225	-4,883	-5,258
Accumulated Other Comprehensive Income / (Loss)	-32	-30	-33	-5.00	-49	-9.00	-5.00	-47	35	-21	-128

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

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

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	20.48%	18.06%	17.79%	16.61%	17.82%	10.63%	9.86%	11.81%	6.07%	12.66%
EBITDA Growth	0.00%	-122.73%	24.43%	21.64%	-336.86%	2,200.00%	-5.06%	3.21%	182.47%	-76.19%	29.45%
EBIT Growth	0.00%	-128.57%	30.73%	22.29%	-357.85%	668.75%	-6.19%	2.76%	176.35%	-100.00%	29.45%
NOPAT Growth	0.00%	-28.57%	37.72%	238.91%	-259.47%	2,122.30%	-19.46%	-69.15%	191.79%	-62.83%	24.52%
Net Income Growth	0.00%	715.79%	71.50%	260.30%	-209.40%	125.64%	-14.62%	-68.72%	232.09%	-41.67%	15.68%
EPS Growth	0.00%	700.00%	75.00%	270.39%	-217.02%	127.78%	-12.24%	-67.87%	229.09%	-41.46%	19.77%
Operating Cash Flow Growth	0.00%	32.03%	13.48%	37.45%	-86.39%	21.17%	15.62%	-18.64%	639.68%	-6.97%	-7.23%
Free Cash Flow Firm Growth	29.27%	-27.74%	30.47%	326.56%	-179.10%	-144.34%	-115.50%	-72.14%	147.12%	179.25%	458.09%
Invested Capital Growth	-29.91%	-27.00%	-22.57%	0.00%	15.66%	10.23%	6.74%	-25.86%	-6.07%	-7.97%	-9.02%
Revenue Q/Q Growth	-34.05%	-4.42%	36.63%	36.76%	-34.71%	-3.43%	28.29%	35.81%	-33.55%	-8.39%	36.27%
EBITDA Q/Q Growth	-80.80%	-101.92%	9,980.00%	202.63%	-137.39%	121.52%	346.67%	229.00%	-70.12%	-94.58%	2,256.00%
EBIT Q/Q Growth	-81.66%	-106.48%	3,131.25%	206.60%	-138.67%	118.06%	400.00%	235.82%	-71.27%	-100.00%	0.00%
NOPAT Q/Q Growth	-81.07%	-102.07%	11,275.21%	674.98%	-108.91%	126.21%	345.09%	196.86%	-73.50%	-89.39%	1,391.05%
Net Income Q/Q Growth	-73.72%	-63.32%	455.56%	572.92%	-107.98%	175.64%	110.23%	146.49%	-66.30%	-66.59%	316.88%
EPS Q/Q Growth	-73.74%	-61.70%	444.44%	576.53%	-108.30%	174.55%	109.76%	147.67%	-66.67%	-66.20%	329.17%
Operating Cash Flow Q/Q Growth	-51.97%	242.76%	-42.72%	45.76%	-95.25%	2,952.38%	-45.35%	2.57%	-56.77%	283.91%	-45.50%
Free Cash Flow Firm Q/Q Growth	141.83%	30.78%	18.85%	248.48%	-114.60%	26.68%	58.45%	726.26%	-75.30%	23.31%	87.74%
Invested Capital Q/Q Growth	0.00%	-61.49%	-12.29%	53.08%	0.87%	-71.89%	-16.66%	36.68%	16.46%	-74.96%	-17.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.86%	76.46%	82.61%	86.49%	82.69%	77.59%	81.59%	87.54%	82.78%	77.73%	82.43%
EBITDA Margin	12.41%	-0.28%	19.89%	44.01%	-25.20%	4.90%	17.07%	41.35%	18.59%	1.10%	19.02%
Operating Margin	12.36%	-0.28%	21.05%	44.04%	-22.36%	4.72%	18.09%	40.86%	17.34%	1.67%	19.77%
EBIT Margin	11.72%	-0.88%	19.53%	43.77%	-25.92%	4.25%	16.56%	40.94%	17.70%	0.00%	19.02%
Profit (Net Income) Margin	16.77%	6.44%	26.17%	128.76%	-15.73%	12.32%	20.20%	36.66%	18.59%	6.78%	20.74%
Tax Burden Percent	92.73%	90.00%	96.15%	260.51%	91.12%	90.10%	81.50%	78.85%	74.12%	89.02%	82.41%
Interest Burden Percent	154.26%	-812.50%	139.38%	112.91%	66.61%	321.98%	149.67%	113.55%	141.69%	0.00%	132.26%
Effective Tax Rate	7.35%	10.00%	3.85%	-160.51%	0.00%	9.90%	18.50%	21.15%	25.88%	10.98%	17.59%
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)	36.63%	40.47%	44.64%	119.70%	69.83%	74.91%	74.18%	20.87%	31.95%	32.06%	33.26%
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)	6.62%	-0.41%	8.82%	39.21%	-14.02%	1.95%	7.32%	20.35%	9.45%	0.00%	8.26%
Return on Assets (ROA)	9.47%	3.02%	11.82%	115.33%	-8.51%	5.67%	8.93%	18.22%	9.92%	3.07%	9.01%
Return on Common Equity (ROCE)	36.63%	40.47%	44.64%	119.70%	69.83%	74.91%	74.18%	20.87%	31.95%	32.06%	33.26%
Return on Equity Simple (ROE_SIMPLE)	0.00%	38.35%	45.46%	59.85%	0.00%	62.55%	60.53%	21.65%	0.00%	31.98%	0.00%
Net Operating Profit after Tax (NOPAT)	218	-4.50	503	3,897	-347	91	405	1,202	319	34	504
NOPAT Margin	11.45%	-0.25%	20.25%	114.73%	-15.65%	4.25%	14.74%	32.22%	12.85%	1.49%	16.29%
Net Nonoperating Expense Percent (NNEP)	0.90%	0.81%	0.89%	6.37%	-0.01%	1.01%	0.81%	1.08%	1.00%	0.66%	0.69%
Return On Investment Capital (ROIC_SIMPLE)	2.88%	-	-	-	-3.42%	-	-	-	3.06%	0.34%	5.16%
Cost of Revenue to Revenue	18.14%	23.54%	17.39%	13.51%	17.31%	22.41%	18.41%	12.46%	17.22%	22.27%	17.57%
SG&A Expenses to Revenue	13.46%	13.37%	11.07%	8.95%	54.24%	13.40%	11.46%	8.98%	10.00%	12.94%	9.92%
R&D to Revenue	20.93%	23.10%	18.16%	12.33%	19.48%	22.18%	18.89%	14.04%	21.69%	25.00%	19.70%
Operating Expenses to Revenue	69.51%	76.73%	61.55%	42.45%	105.05%	72.88%	63.50%	46.68%	65.44%	76.06%	62.66%
Earnings before Interest and Taxes (EBIT)	223	-16	485	1,487	-575	91	455	1,528	439	0.00	589
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	236	-5.00	494	1,495	-559	105	469	1,543	461	25	589
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.98	15.06	16.20	9.74	10.81	13.55	12.20	9.59	9.90	9.49	10.65
Price to Tangible Book Value (P/TBV)	11.37	17.29	18.71	10.51	11.97	15.04	13.53	10.56	10.91	10.52	11.83
Price to Revenue (P/Rev)	6.60	9.15	9.02	9.25	8.90	10.44	9.30	7.51	7.50	6.71	7.16
Price to Earnings (P/E)	29.30	39.28	35.64	16.27	18.42	21.66	20.16	44.27	31.46	29.68	31.58
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	3.41%	2.55%	2.81%	6.15%	5.43%	4.62%	4.96%	2.26%	3.18%	3.37%	3.17%
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)	5.13	7.27	7.09	7.69	7.50	8.70	7.43	6.05	6.19	5.04	5.39
Enterprise Value to EBITDA (EV/EBITDA)	22.85	33.66	32.59	32.91	52.16	55.09	49.00	39.93	26.67	22.68	24.44
Enterprise Value to EBIT (EV/EBIT)	23.87	34.83	33.36	33.53	53.82	56.73	50.65	41.42	27.36	23.39	24.44
Enterprise Value to NOPAT (EV/NOPAT)	25.10	36.84	34.68	17.02	21.48	25.17	22.89	50.97	33.88	28.79	30.23
Enterprise Value to Operating Cash Flow (EV/OCF)	12.55	16.60	16.43	17.24	19.14	21.12	17.89	15.93	15.22	12.92	14.50
Enterprise Value to Free Cash Flow (EV/FCFF)	13.07	15.55	15.54	7.26	31.14	37.01	30.35	23.45	28.89	20.53	20.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.36	0.38	0.39	0.22	0.24	0.25	0.25	0.23	0.24	0.25	0.26
Long-Term Debt to Equity	0.36	0.38	0.39	0.22	0.24	0.25	0.25	0.23	0.24	0.00	0.00
Financial Leverage	-2.17	-2.97	-3.19	-1.64	-1.92	-2.59	-2.84	-1.75	-1.72	-2.31	-2.54
Leverage Ratio	2.88	3.70	3.91	2.35	2.67	3.38	3.64	2.48	2.51	3.13	3.38
Compound Leverage Factor	4.44	-30.05	5.44	2.65	1.78	10.88	5.44	2.81	3.56	0.00	4.47
Debt to Total Capital	26.33%	27.31%	28.22%	17.91%	19.60%	20.15%	19.94%	19.02%	19.17%	20.09%	20.42%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	20.09%	20.42%
Long-Term Debt to Total Capital	26.33%	27.31%	28.22%	17.91%	19.60%	20.15%	19.94%	19.02%	19.17%	0.00%	0.00%
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	73.67%	72.69%	71.78%	82.09%	80.40%	79.85%	80.06%	80.98%	80.83%	79.91%	79.58%
Debt to EBITDA	1.05	1.06	1.01	0.89	1.40	1.23	1.25	1.22	0.77	0.80	0.78
Net Debt to EBITDA	-6.59	-8.70	-8.84	-6.67	-9.79	-11.02	-12.30	-9.65	-5.64	-7.47	-7.99
Long-Term Debt to EBITDA	1.05	1.06	1.01	0.89	1.40	1.23	1.25	1.22	0.77	0.00	0.00
Debt to NOPAT	1.16	1.16	1.07	0.46	0.58	0.56	0.58	1.55	0.98	1.01	0.97
Net Debt to NOPAT	-7.24	-9.52	-9.41	-3.45	-4.03	-5.04	-5.75	-12.31	-7.17	-9.49	-9.88
Long-Term Debt to NOPAT	1.16	1.16	1.07	0.46	0.58	0.56	0.58	1.55	0.98	0.00	0.00
Altman Z-Score	3.74	3.63	3.51	5.28	4.78	4.37	3.73	4.42	4.70	3.03	3.01
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	1.86	1.55	1.47	1.78	1.66	1.44	1.41	1.62	1.69	1.27	1.23
Quick Ratio	1.21	0.87	0.76	1.12	1.01	0.78	0.71	0.99	1.04	0.69	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,797	2,350	2,793	9,732	-1,421	-1,042	-433	2,711	670	826	1,550
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	0.56	0.47	0.45	0.90	0.54	0.46	0.44	0.50	0.53	0.45	0.43
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	65.79	72.69	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	1.41	10.82	13.43	0.00	0.73	1.12	1.23	1.12	0.71	0.66	0.67
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)	259.44	33.74	27.19	0.00	500.13	325.38	295.85	325.12	511.93	556.32	541.30
Cash Conversion Cycle (CCC)	-259.44	-33.74	-27.19	0.00	-500.13	-325.38	-295.85	-325.12	-511.93	-556.32	-541.30
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-6,858	-11,075	-12,436	-5,835	-5,784	-9,942	-11,598	-7,344	-6,135	-10,734	-12,644
Invested Capital Turnover	-1.38	-0.88	-0.80	-3.29	-1.57	-0.97	-0.87	-1.65	-1.86	-1.09	-0.96
Increase / (Decrease) in Invested Capital	-1,579	-2,354	-2,290	-5,835	1,074	1,133	838	-1,509	-351	-792	-1,046
Enterprise Value (EV)	43,046	63,316	64,458	73,856	74,329	89,128	78,056	65,532	68,763	56,653	62,473
Market Capitalization	55,464	79,682	81,953	88,814	88,278	106,966	97,656	81,364	83,310	75,324	82,899
Book Value per Share	$8.73	$8.26	$7.91	$14.09	$12.59	$12.38	$12.42	$13.23	$13.27	$12.59	$12.42
Tangible Book Value per Share	$7.65	$7.20	$6.85	$13.05	$11.37	$11.14	$11.21	$12.01	$12.04	$11.36	$11.18
Total Capital	7,547	7,279	7,048	11,113	10,156	9,888	9,995	10,482	10,407	9,933	9,779
Total Debt	1,987	1,988	1,989	1,990	1,991	1,992	1,993	1,994	1,995	1,996	1,997
Total Long-Term Debt	1,987	1,988	1,989	1,990	1,991	1,992	1,993	1,994	1,995	0.00	0.00
Net Debt	-12,418	-16,366	-17,495	-14,958	-13,949	-17,838	-19,600	-15,832	-14,547	-18,671	-20,426
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)	-7,522	-11,697	-13,056	-9,246	-9,381	-13,576	-15,169	-10,843	-9,523	-14,106	-16,062
Debt-free Net Working Capital (DFNWC)	6,883	6,657	6,428	7,702	6,559	6,254	6,424	6,983	7,019	6,561	6,361
Net Working Capital (NWC)	6,883	6,657	6,428	7,702	6,559	6,254	6,424	6,983	7,019	4,565	4,364
Net Nonoperating Expense (NNE)	-101	-122	-147	-477	1.80	-173	-150	-166	-142	-120	-138
Net Nonoperating Obligations (NNO)	-12,418	-16,366	-17,495	-14,958	-13,949	-17,838	-19,600	-15,832	-14,547	-18,671	-20,426
Total Depreciation and Amortization (D&A)	13	11	9.00	8.00	16	14	14	15	22	25	0.00
Debt-free, Cash-free Net Working Capital to Revenue	-89.56%	-134.32%	-143.66%	-96.30%	-94.60%	-132.57%	-144.40%	-100.03%	-85.78%	-125.59%	-138.70%
Debt-free Net Working Capital to Revenue	81.95%	76.45%	70.73%	80.22%	66.14%	61.07%	61.15%	64.42%	63.22%	58.41%	54.93%
Net Working Capital to Revenue	81.95%	76.45%	70.73%	80.22%	66.14%	61.07%	61.15%	64.42%	63.22%	40.64%	37.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.51	$0.18	$1.02	$6.83	($0.51)	$0.41	$0.87	$2.17	$0.74	$0.25	$1.04
Adjusted Weighted Average Basic Shares Outstanding	637M	634M	635M	640M	637M	638M	635M	631M	632M	621M	615M
Adjusted Diluted Earnings per Share	$0.47	$0.18	$0.98	$6.63	($0.55)	$0.41	$0.86	$2.13	$0.71	$0.24	$1.03
Adjusted Weighted Average Diluted Shares Outstanding	680M	670M	665M	660M	662M	654M	649M	642M	645M	632M	626M
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	640.53M	639.45M	647.28M	648.44M	647.06M	644.04M	641.62M	633.97M	630.54M	626.41M	621.44M
Normalized Net Operating Profit after Tax (NOPAT)	218	-4.50	503	1,047	-347	91	405	1,202	319	34	504
Normalized NOPAT Margin	11.45%	-0.25%	20.25%	30.83%	-15.65%	4.25%	14.74%	32.22%	12.85%	1.49%	16.29%
Pre Tax Income Margin	18.09%	7.15%	27.21%	49.43%	-17.27%	13.68%	24.78%	46.49%	25.08%	7.61%	25.16%
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	79.24%	98.23%	108.70%	36.63%	47.00%	50.80%	56.79%	181.94%	129.53%	137.39%	142.78%

Key Financial Trends

Airbnb (NASDAQ:ABNB) has shown strong financial performance through the latest reporting periods, with key trends over the last four years highlighted below based on quarterly financial statements.

Positive Trends:

Steady revenue growth: Airbnb's operating revenue increased from approximately $1.82 billion in Q1 2023 to $3.10 billion in Q2 2025, demonstrating robust top-line expansion.
Improving net income: The company swung from a net loss in Q4 2023 (-$349 million) to a solid net income of $642 million by Q2 2025.
Rising gross profit: Total gross profit increased consistently, reaching $2.55 billion in Q2 2025, reflecting improved operational efficiency.
Strong operating cash flow: Net cash from operating activities grew to $975 million by Q2 2025, up from $63 million in Q4 2023, supporting liquidity and operations.
Solid balance sheet with large cash reserves: Total cash & equivalents rose to $7.4 billion by Q2 2025, providing financial flexibility.
Share repurchases: The company repurchased common equity totaling over $1 billion in Q2 2025, indicating capital return to shareholders.
Consistent positive investment income and other income contributions bolstered pre-tax income.
Declining long-term debt from over $1.9 billion in 2022 and 2023 to zero reported in recent quarters, indicating improved leverage profile.

Neutral Considerations:

Operating expenses (SG&A, Marketing, R&D) have grown substantially alongside revenue, requiring monitoring of margin stability.
Weighted average diluted shares outstanding increased modestly from about 639 million in early 2023 to 626 million in mid-2025, slightly diluting EPS but controlled.
Restricted cash remains a significant asset line item, roughly $11 billion in recent quarters, reflecting possibly regulatory or contractual constraints on liquidity.

Negative Factors:

Significant fluctuations in other operating expenses and non-cash adjustments occasionally impact cash flow quality.
Large repurchases and financing activities lead to cash outflows; while positive for shareholders, may constrain cash for operations/investment if sustained.
Net change in cash & equivalents shows high volatility, swinging from a negative $1.4 billion in Q4 2024 to a positive $1.69 billion in Q2 2025, indicating variable cash management needs.

Summary: Airbnb has demonstrated resilient growth characterized by increasing revenues and shifting to consistent profitability, alongside strong operating cash generation. The company’s balance sheet shows strong liquidity and decreasing debt levels. However, ongoing expense growth and volatile cash flows require attention. Repurchase activities emphasize shareholder value commitment but should be balanced against operational cash needs. Overall, Airbnb appears on a strong financial trajectory through mid-2025.

08/18/25 12:28 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Airbnb's Financials

When does Airbnb's financial year end?

According to the most recent income statement we have on file, Airbnb's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Airbnb's net income changed over the last 5 years?

Airbnb's net income appears to be on an upward trend, with a most recent value of $2.65 billion in 2024, falling from -$674.34 million in 2019. The previous period was $4.79 billion in 2023. Check out Airbnb's forecast to explore projected trends and price targets.

What is Airbnb's operating income?

Airbnb's total operating income in 2024 was $2.55 billion, based on the following breakdown:

Total Gross Profit: $9.22 billion
Total Operating Expenses: $6.67 billion

How has Airbnb's revenue changed over the last 5 years?

Over the last 5 years, Airbnb's total revenue changed from $4.81 billion in 2019 to $11.10 billion in 2024, a change of 131.0%.

How much debt does Airbnb have?

Airbnb's total liabilities were at $12.55 billion at the end of 2024, a 0.5% increase from 2023, and a 65.3% increase since 2020.

How much cash does Airbnb have?

In the past 4 years, Airbnb's cash and equivalents has ranged from $5.48 billion in 2020 to $7.38 billion in 2022, and is currently $6.86 billion as of their latest financial filing in 2024.

How has Airbnb's book value per share changed over the last 5 years?

Over the last 5 years, Airbnb's book value per share changed from 0.00 in 2019 to 13.27 in 2024, a change of 1,326.9%.

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This page (NASDAQ:ABNB) was last updated on 8/18/2025 by MarketBeat.com Staff

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Airbnb (ABNB) Financials

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Airbnb (ABNB) Financials

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