Company file · ABNB

Airbnb

Airbnb's revenue rose 10.3% in FY2025, to $12.2B, and net income fell 5.2% to $2.5B

Revenue rose 10.3% to $12.2B in FY2025, from $11.1B in FY2024. Net income fell 5.2% to $2.5B. Non-US was the largest region, at 61% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Feb 12, 2026) · Latest quarter: 10-Q for the quarter ended Jun 30, 2026 (filed Aug 6, 2026) · Data pulled Oct 28, 2026

Key facts

Airbnb (Nasdaq: ABNB) closed fiscal 2025 on Dec 31, 2025 with revenue of $12.2B, up 10.3% from a year before; net income came to $2.5B, down 5.2%. Its newest quarterly report covers the three months to Jun 30, 2026: revenue of $3.6B, up 16.5% on the same stretch of the prior year, and net income of $816M. Broken down by region, Non-US led with 61% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 12, 2026) and 10-Q for the quarter ended Jun 30, 2026 (filed Aug 6, 2026).

Revenue$12.2BFY2025 · +10.3% vs FY2024

Net income$2.5BFY2025 · −5.2% vs FY2024

Operating cash flow$4.6BFY2025 · +2.8% vs FY2024

Cash & equivalents$6.8Bat Jun 30, 2026 · +4.0% vs FY2025 end

Total debt$2.5Bat Jun 30, 2026 · +23.9% vs FY2025 end

Diluted shares623MFY2025 avg · −3.4% vs FY2024

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2025, filed Feb 12, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q2, $bn (each quarter from that quarter's 10-Q)

FY2025FY2026

Source: 10-Q filed May 7, 2026 · 10-Q filed Aug 6, 2026

How it makes money

By region, FY2025

LineAmountSharevs FY2024
Non-US$7.4B61%+14.9%
United States$4.8B39%+3.8%

Source: 10-K FY2025, XBRL breakdown

By region in FY2025: Non-US (61%) and United States (39%), as shares of total revenue. Total revenue was $12.2B.

By region: three-year mixShare of the total each fiscal year

FY2023

57%43%

FY2024

58%42%

FY2025

61%39%

Non-USUnited States

Source: 10-K FY2025

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q2 2026 (Apr to Jun 2026) compared with Q2 2025 (Apr to Jun 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q2 2026Q2 2025

Company

Revenue

$3.6B Q2 2026

$3.1B Q2 2025

16.5% increase

Net income

$816M Q2 2026

$642M Q2 2025

27.1% increase

Source: Airbnb 10-Q for the quarter ended Jun 30, 2026, filed Aug 6, 2026

Cash & equivalents $6.8B at Jun 30, 2026, vs $6.6B at FY2025 end.
Total debt $2.5B at Jun 30, 2026, vs $2.0B at FY2025 end.
Operating cash flow, first 6 months of fiscal 2026: $3.0B vs $2.8B a year earlier.

The bull case and the bear case

The bull case

Revenue rose 10.3% in FY2025 to $12.2B, from $11.1B a year earlier. 10-K, FY2025
Operating cash flow rose 2.8% in FY2025 to $4.6B. 10-K, FY2025
Diluted shares fell 3.4% in FY2025, so each share represents a larger slice of profit. 10-K, FY2025
Revenue in the quarter ended Jun 30, 2026 was $3.6B, up 16.5% on a year earlier. 10-Q, quarter ended Jun 30, 2026

The bear case

Net income fell 5.2% in FY2025 to $2.5B, from $2.6B. 10-K, FY2025
The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include consumer spending; competition; costs. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Airbnb is in the hotels, resorts & cruise lines industry, part of the consumer discretionary sector. The SEC files it under Services-To Dwellings & Other Buildings.

The full description of Airbnb's business is in Item 1 of its 10-K, linked below. This page shows its revenue by region.

Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the hotels, resorts & cruise lines industry. They are not a summary of Airbnb’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

Consumer spendingShoppers cut back on non-essentials when budgets are tight.
CompetitionRivals, online sellers and changing tastes pressure prices and traffic.
CostsWages, freight and product costs can squeeze margins.
Supply chain and tariffsImported goods make it sensitive to trade policy and shipping disruptions.
Brand and reputationProduct problems or public criticism can hurt demand.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2023	FY2024	FY2025
Revenue	$9.9B	$11.1B	$12.2B
Net income	$4.8B	$2.6B	$2.5B
Operating cash flow	$3.9B	$4.5B	$4.6B
Cash & equivalents (year end)	$6.9B	$6.9B	$6.6B
Total debt (year end)	$2.0B	$2.0B	$2.0B
Diluted shares	662M	645M	623M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Total debt: The current part of long-term debt plus long-term debt, at carrying value.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator

About these numbers

Recent filings

Form	Filed	Period
10-Q	Aug 6, 2026	Jun 30, 2026
10-Q	May 7, 2026	Mar 31, 2026
DEF 14A	Apr 24, 2026	Jun 5, 2026
10-K	Feb 12, 2026	Dec 31, 2025

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Airbnb

How does Airbnb make money?

Fiscal 2025 revenue: $12.2B. By region in FY2025: Non-US (61%) and United States (39%), as shares of total revenue. Total revenue was $12.2B. Source: 10-K for fiscal 2025, filed Feb 12, 2026.

What was Airbnb's revenue in fiscal 2025?

$12.2B, up 10.3% from fiscal 2024 ($11.1B). The year ended Dec 31, 2025; for fiscal 2023 the figure was $9.9B. Source: 10-K for fiscal 2025, filed Feb 12, 2026.

Is Airbnb profitable?

Net income was $2.5B in fiscal 2025 (down 5.2%; fiscal 2024 was $2.6B). That counts as a GAAP profit. The latest quarter, ended Jun 30, 2026: net income was $816M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 12, 2026.

What did Airbnb report in its latest quarterly filing?

For the three months to Jun 30, 2026: revenue $3.6B (up 16.5% from $3.1B) and net income $816M (up 27.1% from $642M). Source: 10-Q for the quarter ended Jun 30, 2026, filed Aug 6, 2026.

How much cash and debt does Airbnb have?

As of Jun 30, 2026: $6.8B of cash and cash equivalents, $2.5B of total debt. Total debt here is the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Aug 6, 2026.

What are the main risks Airbnb faces?

Airbnb's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 12, 2026. Risks that are common among companies in the hotels, resorts & cruise lines industry include Consumer spending; competition; costs; supply chain and tariffs; brand and reputation. The first: Shoppers cut back on non-essentials when budgets are tight. Source: 10-K, Item 1A Risk Factors.

Where do these Airbnb numbers come from?

The 10-K filed Feb 12, 2026 (fiscal 2025) and the 10-Q filed Aug 6, 2026 (quarter ended Jun 30, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.

Disclosures

Editor holdings in ABNB: The editor holds no position in Airbnb (ABNB). As of Oct 25, 2026.
Trading rule: The editor does not buy or sell ABNB from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Oct 28, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold ABNB, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
AirbnbABNB	FY2025	$12.2B	+10.3%	$2.5B
Booking HoldingsBKNG	FY2025	$26.9B	+13.4%	$5.4B
Marriott InternationalMAR	FY2025	$26.2B	+4.3%	$2.6B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.