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

Balance Sheet

Assets, liabilities, and equity

31 accounts · 3 years

Total assets $22.2B

Total liabilities $14.0B

Shareholders equity $8.2B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	$13.5B 5.7%	$12.8B 0.7%	$12.7B
Short Term Investments	$4.5B 18.9%	$3.7B 17.2%	$3.2B
Accounts Receivable	$225.0M 28.6%	$175.0M -29.7%	$249.0M
Prepaid Expenses	$824.0M 29.2%	$638.0M 12.1%	$569.0M
Other Current Assets	$824.0M 29.2%	$638.0M 12.1%	$569.0M
Total Current Assets	$18.8B 9.4%	$17.2B 4.1%	$16.5B
Property,Plant and Equipment	$0 -100.0%	$147.0M -8.1%	$160.0M
Goodwill	$4.0M -99.5%	$750.0M -0.3%	$752.0M
Intangible Assets	$0 -100.0%	$27.0M -32.5%	$40.0M
Long Term Investments	$47.0M 0.0%	$47.0M 487.5%	$8.0M
Deferred Tax Assets	$2.1B -13.8%	$2.4B -15.3%	$2.9B
Other Noncurrent Assets	$539.0M -4.3%	$563.0M 21.6%	$463.0M
Total Assets	$22.2B 6.0%	$21.0B 1.5%	$20.6B
Liabilities
Accounts Payable	$232.0M 63.4%	$142.0M 0.7%	$141.0M
Accrued Liabilities	$923.0M 7.8%	$856.0M -4.6%	$897.0M
Deferred Revenue	$1.7B 7.9%	$1.6B 13.2%	$1.4B
Current Portion of Long Term Debt	$2.0B	—	—
Operating Lease Liabilities	$68.0M 7.9%	$63.0M 3.3%	$61.0M
Other Current Liabilities	$360.0M -7.9%	$391.0M 36.2%	$287.0M
Total Current Liabilities	$13.6B 34.3%	$10.2B 2.1%	$9.9B
Long Term Debt	$0 -100.0%	$2.0B 0.2%	$2.0B
Deferred Revenue Noncurrent	$1.7B 7.9%	$1.6B 13.2%	$1.4B
Deferred Tax Liabilities	$0 -100.0%	$27.0M 35.0%	$20.0M
Other Noncurrent Liabilities	$360.0M -7.9%	$391.0M 36.2%	$287.0M
Total Liabilities	$14.0B 11.7%	$12.5B 0.5%	$12.5B
Equity
Common Stock	$0	$0	$0
Additional Paid In Capital	$13.8B 9.2%	$12.6B 8.3%	$11.6B
Retained Earnings	$-5.5B -30.2%	$-4.2B -23.4%	$-3.4B
Accumulated Other Comprehensive Income	$-62.0M -277.1%	$35.0M 171.4%	$-49.0M
Total Stockholders Equity	$8.2B -2.5%	$8.4B 3.0%	$8.2B
Total Liabilitiesand Equity	$22.2B 6.0%	$21.0B 1.5%	$20.6B

Income Statement

Revenue, expense, and profitability

15 accounts · 3 years

Revenue $12.2B

Operating income $2.5B

Net income $2.5B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	$12.2B 10.3%	$11.1B 11.9%	$9.9B
Expenses Cost of Revenue	$2.1B 11.1%	$1.9B 10.3%	$1.7B
Expenses Research and Development	$2.4B 14.5%	$2.1B 19.4%	$1.7B
Expenses Selling,General and Administrative	$1.3B 13.2%	$1.2B -41.5%	$2.0B
Expenses Share Based Compensation	$1.6B 13.1%	$1.4B 25.6%	$1.1B
Expenses Operating Expenses	$9.7B 13.4%	$8.5B 1.8%	$8.4B
Other Income Expense Operating Income	$2.5B -0.4%	$2.6B 68.2%	$1.5B
Other Income Expense Interest Income	$705.0M -13.8%	$818.0M 13.5%	$721.0M
Other Income Expense Other Income/expense	$-112.0M -180.0%	$-40.0M 70.8%	$-137.0M
Other Income Expense Income Before Tax	$3.1B -5.8%	$3.3B 58.5%	$2.1B
Income Tax Income Tax Expense	$626.0M -8.3%	$683.0M 125.4%	$-2.7B
net Income net Income	$2.5B -5.2%	$2.6B -44.7%	$4.8B
net Income Comprehensive Income	$2.4B -11.6%	$2.7B -42.8%	$4.8B
Earnings Per Share Weighted Average Shares Basic	$613.0M -3.0%	$632.0M -0.8%	$637.0M
Earnings Per Share Weighted Average Shares Diluted	$623.0M -3.4%	$645.0M -2.6%	$662.0M

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 3 years

Operating cash flow $4.6B

Investing cash flow $-748.0M

Financing cash flow $-3.8B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	$2.5B -5.2%	$2.6B -44.7%	$4.8B
Operating Activities Depreciation and Amortization	$17.0M 6.3%	$16.0M -11.1%	$18.0M
Operating Activities Stock Based Compensation	$1.6B 14.3%	$1.4B 27.3%	$1.1B
Operating Activities Deferred Income Taxes	$376.0M -13.2%	$433.0M 115.1%	$-2.9B
Operating Activities Changes In Operating Assets and Liabilities	$586.0M 126.3%	$259.0M -72.0%	$924.0M
Operating Activities Other Non Cash Items	$273.0M 181.4%	$97.0M -23.6%	$127.0M
Operating Activities net Cash From Operating Activities	$4.6B 2.8%	$4.5B 16.3%	$3.9B
Investing Activities Proceeds From Sale of Investments	$2.7B 5.0%	$2.6B 9.5%	$2.4B
Investing Activities Other Investing Activities	$46.0M -38.7%	$75.0M -34.2%	$114.0M
Investing Activities net Cash From Investing Activities	$-748.0M -21.4%	$-616.0M 40.9%	$-1.0B
Financing Activities Repurchase of Common Stock	$3.8B 10.5%	$3.4B 52.3%	$2.3B
Financing Activities Proceeds From Stock Issuance	$122.0M -27.4%	$168.0M 52.7%	$110.0M
Financing Activities Tax Withholding On Stock Based Compensation	$561.0M -11.0%	$630.0M -48.5%	$1.2B
Financing Activities Other Financing Activities	$0	$0	$0
Financing Activities net Cash From Financing Activities	$-3.8B -7.1%	$-3.6B -47.0%	$-2.4B
Cash Reconciliation Effect of Exchange Rate On Cash	$655.0M 376.4%	$-237.0M -255.9%	$152.0M
Cash Reconciliation net Change In Cash	$726.0M 680.6%	$93.0M -83.5%	$564.0M
Cash Reconciliation Cash At Beginning of Period	$13.5B 5.7%	$12.8B 0.7%	$12.7B
Cash Reconciliation Cash At End of Period	$13.5B 5.7%	$12.8B 0.7%	$12.7B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+83.0%	+83.1%	+82.8%
Operating margin	+20.8%	+23.0%	+15.3%
Net margin	+20.5%	+23.9%	+48.3%
FCF margin	—	—	—
Growth
Revenue CAGR (3y)	+13.4%	+22.8%	+43.2%
Returns
ROE	+30.6%	+31.5%	+58.7%
ROA	+11.3%	+12.6%	+23.2%
ROIC	-61.9%	-86.3%	-60.5%
Liquidity
Current ratio	1.38x	1.69x	1.66x
Quick ratio	1.00x	1.27x	1.30x
Leverage
D/E	1.71x	1.49x	1.53x
Interest coverage	—	—	—
Efficiency
Asset turnover	0.55x	0.53x	0.48x
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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