Airbnb income statement
In fiscal 2025, Airbnb reported revenue of $12.24bn, up 10.3% on the year before, operating income of $2.54bn (a 20.8% margin) and net income of $2.51bn. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.8 | 3.4 | 6.0 | 8.4 | 9.9 | 11.1 | 12.2 | 13.2 |
| Cost of revenue | 1.2 | 0.9 | 1.2 | 1.5 | 1.7 | 1.9 | 2.1 | 2.3 |
| Gross profit | 3.6 | 2.5 | 4.8 | 6.9 | 8.2 | 9.2 | 10.2 | 10.9 |
| Research and development | 1.0 | 2.8 | 1.4 | 1.5 | 1.7 | 2.1 | 2.4 | 2.5 |
| Selling and marketing | 1.6 | 1.2 | 1.2 | 1.5 | 1.8 | 2.1 | 2.6 | 3.0 |
| General and administrative | 0.7 | 1.1 | 0.8 | 1.0 | 2.0 | 1.2 | 1.3 | 1.3 |
| Operating income | −0.5 | −3.6 | 0.4 | 1.8 | 1.5 | 2.6 | 2.5 | 2.7 |
| Income before tax | −0.4 | −4.7 | −0.3 | 2.0 | 2.1 | 3.3 | 3.1 | 3.4 |
| Income tax | 0.3 | −0.1 | 0.1 | 0.1 | −2.7 | 0.7 | 0.6 | 0.7 |
| Net income | −0.7 | −4.6 | −0.4 | 1.9 | 4.8 | 2.6 | 2.5 | 2.7 |
| Diluted EPS | — | — | — | — | — | — | — | $4.41 |
| Diluted shares (average) | 261m | 284m | 616m | 680m | 662m | 645m | 623m | 610m |
| EBITDA | −0.4 | −3.5 | 0.5 | 1.8 | 1.5 | 2.6 | 2.6 | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,732 | 2,480 | 2,272 | 3,096 | 4,095 | 2,778 | 2,678 | 3,608 |
| Cost of revenue | 465 | 427 | 506 | 544 | 549 | 487 | 581 | 633 |
| Gross profit | 3,267 | 2,053 | 1,766 | 2,552 | 3,546 | 2,291 | 2,097 | 2,975 |
| Research and development | 524 | 538 | 568 | 610 | 587 | 589 | 638 | 672 |
| Selling and marketing | 514 | 547 | 563 | 691 | 639 | 695 | 751 | 875 |
| General and administrative | 335 | 248 | 294 | 307 | 330 | 411 | 296 | 309 |
| Operating income | 1,525 | 430 | 38 | 612 | 1,625 | 269 | 86 | 758 |
| Income before tax | 1,735 | 622 | 173 | 779 | 1,792 | 393 | 281 | 897 |
| Income tax | 367 | 161 | 19 | 137 | 418 | 52 | 121 | 81 |
| Net income | 1,368 | 461 | 154 | 642 | 1,374 | 341 | 160 | 816 |
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