Airbnb Inc. operates a global online marketplace that connects hosts offering accommodations and experiences with travelers seeking lodging. The company's platform primarily facilitates short- and long-term homestays, vacation rentals, and tourism activities across more than 220 countries and regions. Distinctively, Airbnb utilizes an asset-light business model, generating revenue by charging commissions and service fees on bookings rather than owning the underlying real estate.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
12,241,000
11,102,000
9,917,000
8,399,000
Cost of Sales
2,086,000
1,878,000
1,703,000
1,499,000
Gross Profit
10,155,000
9,224,000
8,214,000
6,900,000
Selling, General & Administrative Expenses
3,930,000
3,333,000
3,788,000
2,466,000
Research & Development Expenses
2,354,000
2,056,000
1,722,000
1,502,000
Other Operating Expenses
1,327,000
1,282,000
1,186,000
1,130,000
Operating Profit
2,544,000
2,553,000
1,518,000
1,802,000
Interest and Investment Income
705,000
818,000
721,000
186,000
Non-Operating Income
(112,000)
(40,000)
(137,000)
1,000
Total Non-Operating Income
593,000
778,000
584,000
187,000
Income Before Provision for Income Taxes
3,137,000
3,331,000
2,102,000
1,989,000
Provision for Income Taxes
626,000
683,000
(2,690,000)
96,000
Consolidated Net Income
2,511,000
2,648,000
4,792,000
1,893,000
Net Income Attributable to Common Shareholders
2,511,000
2,648,000
4,792,000
1,893,000
Basic EPS
4.10
4.19
7.52
2.97
Diluted EPS
4.03
4.11
7.24
2.79
Basic Weighted Average Shares Outstanding
613,000
632,000
637,000
637,000
Diluted Weighted Average Shares Outstanding
623,000
645,000
662,000
680,000
Shares Outstanding
611,000
632,000
647,000
640,000
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
6,560,000
6,864,000
6,874,000
7,378,000
Short-Term Investments
4,454,000
3,747,000
3,197,000
2,244,000
Total Cash and Cash Equivalents
11,014,000
10,611,000
10,071,000
9,622,000
Other Receivables
6,959,000
5,931,000
5,869,000
4,783,000
Total Trade Receivables
6,959,000
5,931,000
5,869,000
4,783,000
Other Current Assets
824,000
638,000
569,000
456,000
Total Current Assets
18,797,000
17,180,000
16,509,000
14,861,000
Goodwill
770,000
777,000
792,000
684,000
Other Long-Term Assets
2,641,000
3,002,000
3,344,000
493,000
Total Assets
22,208,000
20,959,000
20,645,000
16,038,000
Accrued Expenses
2,948,000
2,614,000
2,654,000
2,013,000
Current Portion of Long-Term Debt
1,999,000
—
—
—
Unearned Revenue
1,743,000
1,616,000
1,427,000
1,182,000
Other Current Liabilities
6,959,000
5,931,000
5,869,000
4,783,000
Total Current Liabilities
13,649,000
10,161,000
9,950,000
7,978,000
Long-Term Debt
—
1,995,000
1,991,000
1,987,000
Leases
—
—
—
295,000
Other Long-Term Liabilities
360,000
391,000
539,000
218,000
Total Long-Term Liabilities
360,000
2,386,000
2,530,000
2,500,000
Total Liabilities
14,009,000
12,547,000
12,480,000
10,478,000
Additional Paid-in Capital
13,763,000
12,602,000
11,639,000
11,557,000
Accumulated Other Comprehensive Income
(62,000)
35,000
(49,000)
(32,000)
Retained Earnings
(5,502,000)
(4,225,000)
(3,425,000)
(5,965,000)
Total Common Shareholders' Equity
8,199,000
8,412,000
8,165,000
5,560,000
Total Shareholders' Equity
8,199,000
8,412,000
8,165,000
5,560,000
Total Liabilities and Shareholders' Equity
22,208,000
20,959,000
20,645,000
16,038,000
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
2,511,000
2,648,000
4,792,000
1,893,000
Depreciation & Amortization
—
—
—
81,000
Share-Based Compensation Expense
1,592,000
1,407,000
1,120,000
930,000
Other Adjustments
649,000
530,000
(2,748,000)
207,000
Changes in Accrued Expenses
118,000
(104,000)
580,000
224,000
Changes in Unearned Revenue
122,000
200,000
242,000
280,000
Changes in Other Operating Activities
(346,000)
(163,000)
(102,000)
(185,000)
Cash from Operating Activities
4,646,000
4,518,000
3,884,000
3,430,000
Purchases of Investments
(3,438,000)
(3,146,000)
(3,308,000)
(4,072,000)
Proceeds from Sale of Investments
2,736,000
2,605,000
2,380,000
4,071,000
Other Investing Activities
(46,000)
(75,000)
(114,000)
(27,000)
Cash from Investing Activities
(748,000)
(616,000)
(1,042,000)
(28,000)
Issuance of Common Shares
122,000
168,000
110,000
88,000
Repurchases of Common Shares
(4,350,000)
(4,060,000)
(3,476,000)
(2,107,000)
Net Issuance / (Repurchases) of Common Shares
(4,228,000)
(3,892,000)
(3,366,000)
(2,019,000)
Other Financing Activities
401,000
320,000
936,000
1,330,000
Cash from Financing Activities
(3,827,000)
(3,572,000)
(2,430,000)
(689,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
655,000
(237,000)
152,000
(337,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash