FirmAtlas
Company handbook · ABNB · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
ABNB · CIK 1559720 · LATEST FILING: 10-Q JUN '26 · FILED AUG 6, 2026
Airbnb, Inc.
$173.70
−0.58 (−0.33%)
Close, Oct 16, 2026 · 52-week $111–193
Last fiscal year
Airbnb, Inc. reported revenue of $12.2B for the year ended Dec 31, 2025 (FY25), up 10.3% from FY24. Net income was $2.5B and operating cash flow $4.6B. Source: 10-K filed Feb 12, 2026.
Market cap
$108.2B
P/E
40.2
EV/EBITDA
36.0x
P/B
13.9
Revenue 1Y
10.3%/yr
EPS 1Y
−1.8%/yr
Shares 1Y
−3%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOBrian Chesky
HQSan Francisco, CA
AuditorPricewaterhouseCoopers LLP
Employees8,200
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
—
0.5%
11.5%
41.3%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$7.2B deployed
Buybacks
$7.2B
100.0%
Operating cash flow over the period: $9.2B. Total debt changed by +$4M. R&D of $4.4B is already inside operating costs.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY20).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
11,102
12,241+10.3%
13,159
YoY
+10.3%
Gross profit
9,224
10,155+10.1%
10,909
Gross margin
83.1%
83.0%−0.1 pp
—
Operating income
2,553
2,544−0.4%
2,738
Operating margin
23.0%
20.8%−2.2 pp
—
EBITDA
2,569
2,561−0.3%
—
EBITDA margin
23.1%
20.9%−2.2 pp
—
Interest expense
2
2+0.0%
—
Interest coverage
1284.50x
1280.50x−4.00x
—
Net income
2,648
2,511−5.2%
2,691
YoY
−5.2%
Net margin
23.9%
20.5%−3.3 pp
—
EPS (diluted, $)
4.11
4.03−1.8%
—
YoY
−1.8%
Balance sheet
Total assets
20,959
22,208+6.0%
28,754
Cash & short-term investments
16,507
17,940+8.7%
—
Net PP&E
147
107−27.2%
—
Other assets
4,305
4,161−3.3%
—
Total liabilities
12,547
14,009+11.7%
20,955
Accounts payable
142
232+63.4%
—
Total debt
1,995
1,999+0.2%
2,476
Other liabilities
10,410
11,778+13.1%
—
Shareholders’ equity
8,412
8,199−2.5%
7,799
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
4,518
4,646+2.8%
4,860
Net income
2,648
2,511−5.2%
—
Depreciation & amortization
16
17+6.2%
—
Stock-based compensation
1,407
1,592+13.1%
—
Working capital & other
447
526+17.7%
—
Cash from investing
(616)
(748)n/m
—
Investments bought
(3,146)
(3,438)n/m
—
Investments sold / matured
2,605
2,736+5.0%
—
Other investing
(75)
(46)n/m
—
Cash from financing
(3,572)
(3,827)n/m
—
Buybacks
(3,430)
(3,789)n/m
—
Other financing
(142)
(38)n/m
—
Net change in cash
93
726+680.6%
—
Where the cash went
Returns & ratios
ROIC (operating)
40590.5%
—
—
Net debt / EBITDA
−5.65x
−6.22x−0.58x
—
Debt / equity
0.24x
0.24x+0.01x
—
ROE
31.5%
30.6%−0.9 pp
—
ROA
12.6%
11.3%−1.3 pp
—
ROCE
23.6%
29.7%+6.1 pp
—
NOPAT
2,030
2,036+0.3%
—
Invested capital (operating)
5
(125)−2600.0%
—
Invested capital (all)
(6,100)
(7,742)n/m
—
Reinvestment rate
—
−6.4%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
4,095
2,778
2,678
3,608
vs year-ago quarter
Gross profit
3,546
2,291
2,097
2,975
Gross margin
86.6%
82.5%
78.3%
82.5%
Operating income
1,625
269
86
758
Net income
1,374
341
160
816
vs year-ago quarter
Net margin
33.6%
12.3%
6.0%
22.6%
EPS (diluted, $)
—
0.55
—
—
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
23,064
22,208
26,828
28,754
Cash & equivalents
14,713
17,940
17,585
19,049
Total debt
1,998
1,999
2,475
2,476
Shareholders’ equity
8,610
8,199
7,636
7,799
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
1,356
526
1,708
1,270