ABNB

Company financials

Airbnb

Consumer Discretionary Hotels, Resorts & Cruise Lines San Francisco, California Last filing Feb 12, 2026 · FY2025

                    Revenue
                    FY2025
                
$12.2B
                    3y CAGR +13.4%
                    
                    P82
                    
                    +10.3%
                    
                    Net income
                    FY2025
                
$2.5B
                    Net margin +20.5%
                    
                    P94
                    
                    -5.2%
                    
                    Total assets
                    FY2025
                
$22.2B
                    ROA +11.3%
                    
                    P62
                    
                    +6.0%
                    
                    Operating cash flow
                    FY2025
                
$4.6B
                    
                    +2.8%

7 yrs · FY2019–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

31 accounts · 5 years

Total assets $22.2B

Total liabilities $14.0B

Shareholders equity $8.2B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+5.7%	+0.7%	+4.7%	+24.4%	—
Short Term Investments	+18.9%	+17.2%	+42.5%	-0.5%	—
Accounts Receivable	+28.6%	-29.7%	+24.5%	+40.3%	—
Prepaid Expenses	+29.2%	+12.1%	+24.8%	+36.7%	—
Other Current Assets	+29.2%	+12.1%	+24.8%	+36.7%	—
Total Current Assets	+9.4%	+4.1%	+11.1%	+20.0%	—
Property,Plant and Equipment	-100.0%	-8.1%	+32.2%	-22.7%	—
Goodwill	-99.5%	-0.3%	+15.7%	-0.5%	—
Intangible Assets	-100.0%	-32.5%	+17.6%	-35.0%	—
Long Term Investments	+0.0%	+487.5%	-42.0%	-20.7%	—
Deferred Tax Assets	-13.8%	-15.3%	+5662.0%	-29.6%	—
Other Noncurrent Assets	-4.3%	+21.6%	+97.9%	+24.1%	—
Total Assets	+6.0%	+1.5%	+28.7%	+17.0%	—
Liabilities
Accounts Payable	+63.4%	+0.7%	+2.9%	+15.7%	—
Accrued Liabilities	+7.8%	-4.6%	-50.6%	+16.6%	—
Deferred Revenue	+7.9%	+13.2%	+20.7%	+30.8%	—
Current Portion of Long Term Debt	—	—	—	—	—
Operating Lease Liabilities	+7.9%	+3.3%	+3.4%	-7.1%	—
Other Current Liabilities	-7.9%	+36.2%	+31.7%	-0.2%	—
Total Current Liabilities	+34.3%	+2.1%	+24.7%	+25.5%	—
Long Term Debt	-100.0%	+0.2%	+0.2%	+0.2%	—
Deferred Revenue Noncurrent	+7.9%	+13.2%	+20.7%	+30.8%	—
Deferred Tax Liabilities	-100.0%	+35.0%	+81.8%	+40.4%	—
Other Noncurrent Liabilities	-7.9%	+36.2%	+31.7%	-0.2%	—
Total Liabilities	+11.7%	+0.5%	+19.1%	+17.3%	—
Equity
Common Stock	—	—	—	-100.0%	—
Additional Paid In Capital	+9.2%	+8.3%	+0.7%	+3.7%	—
Retained Earnings	-30.2%	-23.4%	+42.6%	+6.2%	—
Accumulated Other Comprehensive Income	-277.1%	+171.4%	-53.1%	-364.2%	—
Total Stockholders Equity	-2.5%	+3.0%	+46.9%	+16.4%	—
Total Liabilitiesand Equity	+6.0%	+1.5%	+28.7%	+17.0%	—

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $12.2B

Operating income $2.5B

Net income $2.5B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+10.3%	+11.9%	+18.1%	+40.2%	—
Expenses Cost of Revenue	+11.1%	+10.3%	+13.6%	+29.7%	—
Expenses Research and Development	+14.5%	+19.4%	+14.6%	+5.4%	—
Expenses Selling,General and Administrative	+13.2%	-41.5%	+113.2%	+13.6%	—
Expenses Share Based Compensation	+13.1%	+25.6%	+20.4%	+3.4%	—
Expenses Operating Expenses	+13.4%	+1.8%	+27.3%	+18.6%	—
Other Income Expense Operating Income	-0.4%	+68.2%	-15.8%	+320.0%	—
Other Income Expense Interest Income	-13.8%	+13.5%	+287.6%	+1330.8%	—
Other Income Expense Other Income/expense	-180.0%	+70.8%	-13800.0%	+100.3%	—
Other Income Expense Income Before Tax	-5.8%	+58.5%	+5.7%	+763.0%	—
Income Tax Income Tax Expense	-8.3%	+125.4%	-2902.1%	+84.6%	—
net Income net Income	-5.2%	-44.7%	+153.1%	+637.8%	—
net Income Comprehensive Income	-11.6%	-42.8%	+155.6%	+616.0%	—
Earnings Per Share Weighted Average Shares Basic	-3.0%	-0.8%	+0.0%	+3.4%	—
Earnings Per Share Weighted Average Shares Diluted	-3.4%	-2.6%	-2.6%	+10.4%	—

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 5 years

Operating cash flow $4.6B

Investing cash flow $-748.0M

Financing cash flow $-3.8B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	-5.2%	-44.7%	+153.1%	+637.8%	—
Operating Activities Depreciation and Amortization	+6.2%	-11.1%	-57.7%	-50.2%	—
Operating Activities Stock Based Compensation	+14.3%	+27.3%	+18.3%	+3.4%	—
Operating Activities Deferred Income Taxes	-13.2%	+115.1%	-287400.0%	-109.1%	—
Operating Activities Changes In Operating Assets and Liabilities	+126.3%	-72.0%	+30.3%	-17.5%	—
Operating Activities Other Non Cash Items	+181.4%	-23.6%	+8.5%	+58.1%	—
Operating Activities net Cash From Operating Activities	+2.8%	+16.3%	+13.2%	+48.3%	—
Investing Activities Proceeds From Sale of Investments	+5.0%	+9.5%	-41.5%	+12.7%	—
Investing Activities Other Investing Activities	-38.7%	-34.2%	+322.2%	+8.0%	—
Investing Activities net Cash From Investing Activities	-21.4%	+40.9%	-3621.4%	+97.9%	—
Financing Activities Repurchase of Common Stock	+10.5%	+52.3%	+50.1%	—	—
Financing Activities Proceeds From Stock Issuance	-27.4%	+52.7%	+25.0%	-53.4%	—
Financing Activities Tax Withholding On Stock Based Compensation	-11.0%	-48.5%	+101.6%	+242.9%	—
Financing Activities Other Financing Activities	—	—	—	—	—
Financing Activities net Cash From Financing Activities	-7.1%	-47.0%	-252.7%	-152.7%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+376.4%	-255.9%	+145.1%	-60.5%	—
Cash Reconciliation net Change In Cash	+680.6%	-83.5%	-76.3%	+15.4%	—
Cash Reconciliation Cash At Beginning of Period	+5.7%	+0.7%	+4.7%	+24.4%	—
Cash Reconciliation Cash At End of Period	+5.7%	+0.7%	+4.7%	+24.4%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+83.0%	+83.1%	+82.8%	+82.2%	+80.7%
Operating margin	+20.8%	+23.0%	+15.3%	+21.5%	+7.2%
Net margin	+20.5%	+23.9%	+48.3%	+22.5%	-5.9%
FCF margin	—	—	—	+40.5%	+38.2%
Growth
Revenue CAGR (3y)	+13.4%	+22.8%	+43.2%	+20.5%	—
Returns
ROE	+30.6%	+31.5%	+58.7%	+34.0%	-7.4%
ROA	+11.3%	+12.6%	+23.2%	+11.8%	-2.6%
ROIC	-61.9%	-86.3%	-60.5%	-37.6%	-14.4%
Liquidity
Current ratio	1.38x	1.69x	1.66x	1.86x	1.95x
Quick ratio	1.00x	1.27x	1.30x	1.54x	1.55x
Leverage
D/E	1.71x	1.49x	1.53x	1.88x	1.87x
Interest coverage	—	—	—	—	—
Efficiency
Asset turnover	0.55x	0.53x	0.48x	0.52x	0.44x
Cash conversion cycle	—	—	—	—	—

Valuation

Price against fundamentals

ABNB $121 · 2025-09-30 · 350d old · FY2025

Market cap $75.6B

P/E 30.13x

P/S 6.18x

P/B 9.23x

EV $64.2B

EV/EBITDA —

FCF yield —

Dividend yield —

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Airbnb

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