Global online marketplace for lodging and tourism experiences connecting hosts with guests in over 220 countries and regions worldwide.MoreShow less
Profile & Fundamentals
Airbnb (ABNB.NASDAQ) Profile & Fundamentals
Review Airbnb reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Airbnb: Company Profile & Ownership
Airbnb, Inc., together with its subsidiaries, operates a platform for stays, experiences, and services worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces, experiences, and services. It also offers gift cards. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in November 2010. Airbnb, Inc. was founded in 2007 and is headquartered in San Francisco, California.
Company profile record
Airbnb Inc
Common Stock · Consumer Discretionary · Hotels, Resorts & Cruise Lines
Company
- Company / asset
- Airbnb Inc
- Security type
- Common Stock
- Sector
- Consumer Discretionary
- Industry
- Hotels, Resorts & Cruise Lines
- HQ
- 🇺🇸 United States
- Head office
- 888 Brannan Street, San Francisco, CA, United States, 94103
Leadership & scale
- Chief executive
- Mr. Brian Chesky
- CEO year born
- 1982
- Full-time employees
- 8.2K
- Fiscal year end
- December
- IPO date
- 2020-12-10
Fundamentals snapshot
- Market Cap
- USD 113.4B
- P/E
- 42.1x
- Revenue (Q2 26)
- USD 3.6B
- Profit (Q2 26)
- USD 816.0M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 12.3B
- Shares in public float
- 405.8M
- Insider ownership
- 1.94%
Reporting & identifiers
- Symbol
- ABNB.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US0090661010
- Asset ID
- equity_af158cfc-ef4f-5242-a211-aee6176cf17b
Airbnb: Ownership
Shares Outstanding
Latest: 597.0M | Max: 680.9M | Min: 255.0M
Latest reported ownership snapshot
Float Shares
67.97%
405.8M latest reported shares
Insider Ownership
1.94%
Latest reported insider stake
Short Float
0.04%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 255,000,000 |
| 2018-01-01 | 256,000,000 |
| 2019-01-01 | 530,945,000 |
| 2020-01-01 | 594,079,500 |
| 2021-01-01 | 680,896,000 |
| 2022-01-01 | 672,000,000 |
| 2023-01-01 | 638,000,000 |
| 2024-01-01 | 623,000,000 |
| 2025-01-01 | 623,000,000 |
| 2026-01-01 | 597,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 33,056,139 | 5.61% | 2026-06-30 |
| Vanguard Capital Management, LLC | 26,615,598 | 4.51% | 2026-06-30 |
| Harris Associates L.P. | 18,861,551 | 3.2% | 2026-06-30 |
| State Street Corp | 18,150,096 | 3.08% | 2026-06-30 |
| Amvescap Plc. | 16,173,900 | 2.74% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 13,319,965 | 2.26% | 2026-09-30 |
| Vanguard 500 Index Investor | 11,018,007 | 1.87% | 2026-09-30 |
| AQR Capital Management LLC | 10,624,015 | 1.8% | 2026-06-30 |
| Geode Capital Management, LLC | 10,340,188 | 1.75% | 2026-06-30 |
| Morgan Stanley - Brokerage Accounts | 10,104,542 | 1.71% | 2026-06-30 |
| Invesco QQQ Trust | 8,725,988 | 1.48% | 2026-10-30 |
| Vanguard Portfolio Management, LLC | 7,906,004 | 1.34% | 2026-06-30 |
| FMR Inc | 6,713,883 | 1.14% | 2026-06-30 |
| Wellington Management Company LLP | 5,785,665 | 0.98% | 2026-06-30 |
| Acadian Asset Management LLC | 5,769,462 | 0.98% | 2026-06-30 |
Airbnb: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Airbnb's financial results show a mature, highly profitable business model that continues to expand through international travel corridors and steady customer demand. Trailing twelve-month revenue reached approximately $13.2 billion by mid-2026, supported by double-digit booking growth in Latin America and Asia alongside resilient domestic travel. While headline net income settled near $2.7 billion, true cash generation was far stronger, with free cash flow reaching nearly $4.9 billion. The difference between reported profits and actual cash flow reflects upfront customer deposits and minimal physical capital needs. However, investors must look past the headline numbers. A noticeable portion of pre-tax income comes from interest earned on customer booking deposits, while recent revenue growth was assisted by favorable foreign exchange movements. Core earnings remain strong, but future growth will rely on steady transaction volumes rather than rapid price increases.
Airbnb's financial results show a mature, highly profitable business model that continues to expand through international travel corridors and steady customer demand. Trailing twelve-month revenue reached approximately $13.2 billion by mid-2026, supported by double-digit booking growth in Latin America and Asia alongside resilient domestic travel. While headline net income settled near $2.7 billion, true cash generation was far stronger, with free cash flow reaching nearly $4.9 billion. The difference between reported profits and actual cash flow reflects upfront customer deposits and minimal physical capital needs. However, investors must look past the headline numbers. A noticeable portion of pre-tax income comes from interest earned on customer booking deposits, while recent revenue growth was assisted by favorable foreign exchange movements. Core earnings remain strong, but future growth will rely on steady transaction volumes rather than rapid price increases.
Revenue, Net Income, and Free Cash Flow
Latest: USD 12.3B | Max: USD 12.3B | Min: USD -4.6B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 34x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Airbnb's profit margins reflect elite marketplace economics, with gross margins stabilizing above 72% and operating margins holding steady near 21%. The platform's free cash flow margin reached a remarkable 37.8%, driven by structural negative working capital. The primary driver of this superior profitability is brand strength: over 85% of traffic arrives directly without paid search advertising, shielding margins from marketing cost inflation. Nevertheless, margin expansion has encountered practical ceilings. Platform take rates have leveled off near 13.2% as management offers customer incentives and balances host relations, while artificial intelligence cost savings in customer support are partly offset by ongoing software investments. Operating margins should remain stable and highly cash-generative, but further significant margin widening will be limited by competitive pressures and regulatory compliance costs.
Airbnb's profit margins reflect elite marketplace economics, with gross margins stabilizing above 72% and operating margins holding steady near 21%. The platform's free cash flow margin reached a remarkable 37.8%, driven by structural negative working capital. The primary driver of this superior profitability is brand strength: over 85% of traffic arrives directly without paid search advertising, shielding margins from marketing cost inflation. Nevertheless, margin expansion has encountered practical ceilings. Platform take rates have leveled off near 13.2% as management offers customer incentives and balances host relations, while artificial intelligence cost savings in customer support are partly offset by ongoing software investments. Operating margins should remain stable and highly cash-generative, but further significant margin widening will be limited by competitive pressures and regulatory compliance costs.
Profitability Margins
Latest: 72.3% | Max: 83.1% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
72.3%
Gross profit / revenue
Operating Margin
21.2%
Operating income / revenue
Net Margin
20.4%
Net income / revenue
FCF Margin
37.8%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2017-12-31 | 2,561,721,000 | -70,046,000 | 151,021,000 |
| 2018-12-31 | 3,651,985,000 | -16,860,000 | 504,933,000 |
| 2019-12-31 | 4,805,239,000 | -674,339,000 | 97,275,000 |
| 2020-12-31 | 3,378,199,000 | -4,584,716,000 | -667,103,000 |
| 2021-12-31 | 5,992,000,000 | -352,000,000 | 2,313,000,000 |
| 2022-12-31 | 8,399,000,000 | 1,893,000,000 | 3,405,000,000 |
| 2023-12-31 | 9,917,000,000 | 4,792,000,000 | 3,884,000,000 |
| 2024-12-31 | 11,102,000,000 | 2,648,000,000 | 4,518,000,000 |
| 2025-12-31 | 12,305,000,000 | 2,511,000,000 | 4,646,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 33.7 | Trailing four quarters |
| 2024-12-31 | 30.9 | Trailing four quarters |
| 2023-12-31 | 18.1 | Trailing four quarters |
| 2022-12-31 | 30.4 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2017-12-31 | 74.72 | -3.18 | -2.73 | 5.9 |
| 2018-12-31 | 76.34 | 0.51 | -0.46 | 13.83 |
| 2019-12-31 | 75.1 | -10.44 | -14.03 | 2.02 |
| 2020-12-31 | 74.07 | -106.27 | -135.71 | -19.75 |
| 2021-12-31 | 80.71 | 7.16 | -5.87 | 38.6 |
| 2022-12-31 | 82.15 | 21.45 | 22.54 | 40.54 |
| 2023-12-31 | 82.83 | 15.31 | 48.32 | 39.17 |
| 2024-12-31 | 83.08 | 23 | 23.85 | 40.7 |
| 2025-12-31 | 72.26 | 21.2 | 20.41 | 37.76 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-03.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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