Airbnb (ABNB) is trading up at $167.06 (+0.89%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Consumer Discretionary sector.
Analyst price targets on ABNB
Current price targets from 5 firms average $200, median $217, ranging from $158 to $220 — the average is 20% above the current $167. Each is tracked to its date and scored the same way a member's call is.
- Bernstein $164 → $217 by Oct 2027 Oct 12, 2026 via Investing.com · Bernstein's track record
- Wells Fargo $160 → $185 by Oct 2027 Oct 7, 2026 via Investing.com · Wells Fargo's track record
- Rosenblatt Securities $183 → $220 by Sep 2027 Sep 1, 2026 via Investing.com · Rosenblatt Securities's track record
- DA Davidson $183 → $220 by Aug 2027 Aug 31, 2026 via Investing.com · DA Davidson's track record
- PhillipCapital $185 → $158 by Aug 2027 Aug 11, 2026 via Investing.com · PhillipCapital's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
Airbnb revenue & net income history (FY2019–FY2025)
| FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $4.81B | $3.38B | $5.99B | $8.40B | $9.92B | $11.1B | $12.2B |
| Growth (year over year) | — | −29.7% | +77.4% | +40.2% | +18.1% | +11.9% | +10.3% |
| Gross profit | $3.61B | $2.50B | $4.84B | $6.90B | $8.21B | $9.22B | $10.2B |
| Gross margin | 75.1% | 74.1% | 80.7% | 82.2% | 82.8% | 83.1% | 83.0% |
| Operating income | −$501.5M | −$3.59B | $429.0M | $1.80B | $1.52B | $2.55B | $2.54B |
| Operating margin | −10.4% | −106.3% | 7.2% | 21.5% | 15.3% | 23.0% | 20.8% |
| Net income | −$674.3M | −$4.58B | −$352.0M | $1.89B | $4.79B | $2.65B | $2.51B |
| Net margin | −14.0% | −135.7% | −5.9% | 22.5% | 48.3% | 23.9% | 20.5% |
| Balance sheet | |||||||
| Cash and equivalents | $2.01B | $5.48B | $6.07B | $7.38B | $6.87B | $6.86B | $6.56B |
| Total assets | — | $10.5B | $13.7B | $16.0B | $20.6B | $21.0B | $22.2B |
| Total liabilities | — | $7.59B | $8.93B | $10.5B | $12.5B | $12.5B | $14.0B |
| Long-term debt | — | $1.82B | $1.98B | $1.99B | $1.99B | $2.00B | $0 |
| Shareholders' equity | −$808.0M | $2.90B | $4.78B | $5.56B | $8.16B | $8.41B | $8.20B |
| Cash flow | |||||||
| Operating cash flow | $222.7M | −$740.0M | $2.31B | $3.43B | $3.88B | $4.52B | $4.65B |
| Capital expenditure | $125.5M | $37.0M | $25.0M | $25.0M | — | — | — |
| Free cash flow | $97.3M | −$777.0M | $2.29B | $3.40B | — | — | — |
| Share buybacks | — | $0 | $0 | $1.50B | $2.25B | $3.43B | $3.79B |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $3.73B | $2.48B | $2.27B | $3.10B | $4.09B | $2.78B | $2.68B | $3.61B |
| Growth (year over year) | +9.9% | +11.8% | +6.1% | +12.7% | +9.7% | +12.0% | +17.9% | +16.5% |
| Gross profit | $3.27B | $2.05B | $1.77B | $2.55B | $3.55B | $2.29B | $2.10B | $2.98B |
| Gross margin | 87.5% | 82.8% | 77.7% | 82.4% | 86.6% | 82.5% | 78.3% | 82.5% |
| Operating income | $1.52B | $430.0M | $38.0M | $612.0M | $1.63B | $269.0M | $86.0M | $758.0M |
| Operating margin | 40.9% | 17.3% | 1.7% | 19.8% | 39.7% | 9.7% | 3.2% | 21.0% |
| Net income | $1.37B | $461.0M | $154.0M | $642.0M | $1.37B | $341.0M | $160.0M | $816.0M |
| Net margin | 36.7% | 18.6% | 6.8% | 20.7% | 33.6% | 12.3% | 6.0% | 22.6% |
| Balance sheet | ||||||||
| Cash and equivalents | $7.67B | $6.86B | $7.60B | $7.40B | $7.53B | $6.56B | $7.04B | $6.82B |
| Total assets | $22.2B | $21.0B | $25.1B | $27.0B | $23.1B | $22.2B | $26.8B | $28.8B |
| Total liabilities | $13.7B | $12.5B | $17.1B | $19.2B | $14.5B | $14.0B | $19.2B | $21.0B |
| Long-term debt | $1.99B | $2.00B | $0 | $0 | $0 | $0 | $2.48B | $2.48B |
| Shareholders' equity | $8.49B | $8.41B | $7.94B | $7.78B | $8.61B | $8.20B | $7.64B | $7.80B |
| Cash flow | ||||||||
| Operating cash flow | $1.08B | $466.0M | $1.79B | $975.0M | $1.36B | $526.0M | $1.71B | $1.27B |
| Share buybacks | $1.09B | $838.0M | $807.0M | $1.01B | $877.0M | $1.09B | $1.09B | $1.05B |
From Airbnb's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Airbnb
Airbnb, Inc. is an American company operating an online marketplace for short-and-long-term homestays, experiences and services in various countries and regions. It acts as a broker and charges a commission from each booking. Airbnb was founded in 2008 by Brian Chesky, Nathan Blecharczyk, and Joe Gebbia.
- Headquarters
- San Francisco, California From SEC filings, Oct 2026
Company profile
Airbnb, Inc., a Delaware corporation with its principal executive offices at 888 Brannan Street, San Francisco, operates a global marketplace connecting guests with stays, experiences and services, collectively in over 220 countries and regions, according to its annual report for fiscal 2025 (Form 10-K). The 10-K says Airbnb was founded in 2007 when two hosts welcomed three guests to their San Francisco home, and that it has since grown into a global community of over 5 million hosts who have welcomed over 2.5 billion guest arrivals. Its offerings have expanded to include services and redesigned experiences, which launched in May 2025. It had approximately 8,200 employees as of December 31, 2025. Its Class A common stock trades on The Nasdaq Stock Market as ABNB (10-K).
Airbnb's revenue consists of service fees, net of incentives and refunds, charged to its customers; it recognizes its service fee as revenue when the guest checks in (10-K). For 2025 the consolidated statements of operations report revenue of $12,241 million, income from operations of $2,544 million and net income of $2,511 million, or $4.03 per diluted share. The 10-K reports Gross Booking Value of $91,273 million and 533 million Nights and Seats Booked for 2025, and, as non-GAAP measures, Adjusted EBITDA of $4,297 million and Free Cash Flow of $4,613 million. Net cash provided by operating activities was $4,646 million. At December 31, 2025 total assets were $22,208 million and total stockholders' equity was $8,199 million (10-K).
According to its 10-Q for the quarter ended June 30, 2026 (unaudited), revenue was $3,608 million for the second quarter and $6,286 million for the first six months, and net income was $816 million for the quarter, or $1.37 per diluted share. On March 16, 2026 Airbnb issued $2.5 billion aggregate principal amount of senior notes and used a portion of the net proceeds to fully repay the $2.0 billion of 0% convertible senior notes due 2026 (10-Q). In its Q2 2026 Shareholder Letter, Airbnb said it expects third-quarter 2026 revenue of $4.69 billion to $4.77 billion, full-year 2026 revenue growth of at least mid teens and a full-year 2026 Adjusted EBITDA Margin of at least 35.5% (company projections; Adjusted EBITDA Margin is a non-GAAP measure).
Brian Chesky signs Airbnb's 10-Q certifications as Chief Executive Officer and Elinor Mertz as Chief Financial Officer (10-Q for the quarter ended June 30, 2026, Exhibits 31.1 and 31.2). Airbnb has one operating segment and one reportable segment; its chief operating decision maker is the Chief Executive Officer (10-K).
Revenue by fiscal year, as reported in 10-K
| Fiscal year | Revenue (as reported in 10-K) | Reported as | Filed |
|---|---|---|---|
| 2021 | $5,991,760 thousand7 | Form 10-K for fiscal year 2021 (year ended December 31, 2021), revenue, in thousands as filed | Feb 25, 2022 |
| 2022 | $8,399 million8 | Form 10-K for fiscal year 2022 (year ended December 31, 2022), revenue, in millions as filed | Feb 17, 2023 |
| 2023 | $9,917 million9 | Form 10-K for fiscal year 2023 (year ended December 31, 2023), revenue; the cited XBRL statement of operations shows it in whole dollars as $9,917,000,000 | Feb 16, 2024 |
| 2024 | $11,102 million10 | Form 10-K for fiscal year 2024 (year ended December 31, 2024), revenue; the cited XBRL statement of operations shows it in whole dollars as $11,102,000,000 | Feb 13, 2025 |
| 2025 | $12,241 million1 | Form 10-K for fiscal year 2025 (year ended December 31, 2025), revenue, in millions as filed | Feb 12, 2026 |
Segments and products
- One reportable segment, as filed: Airbnb has one operating segment and one reportable segment. Its chief operating decision maker, the Chief Executive Officer, assesses financial performance and allocates resources based on consolidated net income. Significant segment expenses for 2025 as filed include merchant fees and chargebacks of $1,666 million, stock-based compensation expense of $1,592 million, salaries and benefits of $2,009 million and marketing of $1,704 million (10-K, Segment and Geographic Information).2
- Revenue by region, 2025: The 10-K breaks revenue down by region: North America $5,196 million (2024: $5,006 million), Europe, the Middle East and Africa (EMEA) $4,729 million (2024: $4,135 million), Latin America $1,160 million (2024: $969 million) and Asia Pacific $1,156 million (2024: $992 million) (10-K, Management's Discussion and Analysis).1
- Revenue by geography, 2023 to 2025: Based on the location of the host's listing, United States revenue was $4,814 million in 2025, $4,640 million in 2024 and $4,290 million in 2023, and international revenue was $7,427 million, $6,462 million and $5,627 million. No individual international country represented 10% or more of total revenue in any of those years (10-K, Segment and Geographic Information).2
- Revenue by region, second quarter of 2026: For the quarter ended June 30, 2026 (unaudited), revenue by listing region was North America $1,594 million (2025: $1,377 million), EMEA $1,425 million (2025: $1,233 million), Latin America $291 million (2025: $231 million) and Asia Pacific $298 million (2025: $255 million) (10-Q).3
Risks
- Competition: The 10-K says the business and industry in which Airbnb participates are highly competitive. It names online travel agencies such as Booking Holdings (including Booking.com) and Expedia Group (including Expedia and VRBO), hotel chains such as Marriott, Hilton, Accor and Wyndham, and experiences platforms such as Viator, GetYourGuide and Klook (10-K).1
- Short-term rental regulation: Airbnb says certain cities have passed onerous restrictions on short-term rentals, and that New York City passed regulations in 2023 which resulted in a de facto ban of short-term rental activities. Among its risk factors the 10-K lists compliance with a wide range of laws, including short-term rental and consumer protection rules, and the regulation of payments (10-K, Items 1 and 1A).1
- Travel demand and growth: The 10-K says Airbnb may not be able to sustain its revenue growth rate, and that any decline or disruption in the travel and hospitality industries or an economic downturn could hurt its business (10-K, Item 1A).1
- Conflict in the Middle East: Airbnb's 10-Q for the quarter ended June 30, 2026 says the conflict in the Middle East has had and may continue to have an impact on booking trends (10-Q).3
- Taxes: The 10-K says Airbnb may have exposure to greater than anticipated income tax liabilities. It describes an IRS Statutory Notice of Deficiency, relating to the valuation of its international intellectual property in 2013, which claims Airbnb owes $1.3 billion in tax, plus penalties and interest; in July 2024 Airbnb petitioned the U.S. Tax Court for redetermination. It also describes tax settlements agreed in Italy by Airbnb Ireland (10-K, Item 1A).1
- Currency and seasonality: The 10-K says approximately 56% of Airbnb's revenue in 2025 was in non-U.S. dollar currencies, and that it uses a foreign exchange cash flow hedging program to reduce the impact of currency fluctuations on its revenue. Its business is also seasonal, with the peak travel season occurring in the third quarter across North America and EMEA (10-K, Item 1A).1
- Trust, safety and data: The 10-K lists risks from fraud and misconduct by users, cybersecurity and data privacy, failures of its technology systems, and its use of artificial intelligence and machine learning (10-K, Item 1A).1
Frequently asked questions
- What does Airbnb do?
- Airbnb operates a global marketplace connecting guests with stays, experiences and services in over 220 countries and regions, according to its 10-K for 2025. It earns service fees, net of incentives and refunds, charged to its customers, and recognizes them as revenue when guests check in.
- How much revenue did Airbnb make in 2025?
- Revenue was $12,241 million in 2025, compared with $11,102 million in 2024, according to its 10-K. Net income was $2,511 million, or $4.03 per diluted share. Gross Booking Value, the dollar value of bookings on the platform, was $91,273 million.
- Is Airbnb profitable?
- Airbnb reported net income of $2,511 million in 2025, $2,648 million in 2024 and $4,792 million in 2023 (10-K for 2025). In its 10-K for 2021 it reported a net loss of $352,034 thousand for 2021. For the quarter ended June 30, 2026 net income was $816 million (10-Q, unaudited).
- What were Airbnb's latest quarterly results?
- For the quarter ended June 30, 2026, its 10-Q (unaudited) reports revenue of $3,608 million and net income of $816 million, or $1.37 per diluted share. Gross Booking Value was $27,247 million and Nights and Seats Booked were 148 million. Adjusted EBITDA, a non-GAAP measure, was $1,261 million.
- What is Airbnb's outlook for 2026?
- In its Q2 2026 Shareholder Letter of August 6, 2026, Airbnb said it expects third-quarter 2026 revenue of $4.69 billion to $4.77 billion, full-year 2026 revenue growth of at least mid teens and a full-year Adjusted EBITDA Margin (non-GAAP) of at least 35.5%. These are the company's own projections, not reported results.
- Where does Airbnb's revenue come from geographically?
- In 2025, by region, North America contributed $5,196 million, EMEA $4,729 million, Latin America $1,160 million and Asia Pacific $1,156 million of revenue (10-K). By the location of the host's listing, United States revenue was $4,814 million and international revenue $7,427 million.
- Does Airbnb pay a dividend?
- No. Its 10-K for 2025 says Airbnb does not anticipate declaring or paying any cash dividends in the foreseeable future.
- Does Airbnb buy back its own shares?
- Yes. In 2025 it repurchased 29.7 million shares of Class A common stock for $3.8 billion, and in August 2025 it announced that its board had approved a new share repurchase program with authorization to purchase up to an additional $6.0 billion of Class A common stock (10-K). As of June 30, 2026 it had $3.4 billion available to repurchase Class A shares under its program (10-Q).
- Who runs Airbnb?
- Brian Chesky is Chief Executive Officer and Elinor Mertz is Chief Financial Officer; both certified Airbnb's 10-Q for the quarter ended June 30, 2026 in those roles (Exhibits 31.1 and 31.2).
- Who are Airbnb's competitors?
- Its 10-K for 2025 names online travel agencies such as Booking Holdings and Expedia Group (including VRBO), hotel chains such as Marriott, Hilton, Accor and Wyndham, and experiences platforms such as Viator, GetYourGuide and Klook.
Sources
- Airbnb, Inc. (SEC filing), Airbnb, Inc. Form 10-K for the fiscal year ended December 31, 2025, Feb 12, 2026
- Airbnb, Inc. (SEC filing), Airbnb, Inc. Form 10-K for the fiscal year ended December 31, 2025: Segment and Geographic Information (XBRL financial report R24), Feb 12, 2026
- Airbnb, Inc. (SEC filing), Airbnb, Inc. Form 10-Q for the quarterly period ended June 30, 2026 (unaudited), Aug 6, 2026
- Airbnb, Inc. (SEC filing), Airbnb, Inc. Form 8-K, Item 2.02, Exhibit 99.1: Q2 2026 Shareholder Letter, Aug 6, 2026
- Airbnb, Inc. (SEC filing), Airbnb, Inc. Form 10-Q for the quarter ended June 30, 2026, Exhibit 31.1: certification of the Chief Executive Officer, Aug 6, 2026
- Airbnb, Inc. (SEC filing), Airbnb, Inc. Form 10-Q for the quarter ended June 30, 2026, Exhibit 31.2: certification of the Chief Financial Officer, Aug 6, 2026
- Airbnb, Inc. (SEC filing), Airbnb, Inc. Form 10-K for the fiscal year ended December 31, 2021: Consolidated Statements of Operations (XBRL financial report R5), Feb 25, 2022
- Airbnb, Inc. (SEC filing), Airbnb, Inc. Form 10-K for the fiscal year ended December 31, 2022: Consolidated Statements of Operations (XBRL financial report R5), Feb 17, 2023
- Airbnb, Inc. (SEC filing), Airbnb, Inc. Form 10-K for the fiscal year ended December 31, 2023: Consolidated Statements of Operations (XBRL financial report R5), Feb 16, 2024
- Airbnb, Inc. (SEC filing), Airbnb, Inc. Form 10-K for the fiscal year ended December 31, 2024: Consolidated Statements of Operations (XBRL financial report R5), Feb 13, 2025
Figures last checked against the sources above on . General information, not investment advice.
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