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Rankings / Consumer Discretionary

Airbnb ABNB

Home-sharing platform. Airbnb, Inc., listed on NASDAQ.

Based on the FY2025 annual report (Jan 2025 – Dec 2025)

Airbnb's market cap is
about $102.1 billion.

#106 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2025 revenue was $12.241B.

Share price (close)
$170.13
Close on Nov 5, 2026 · per share
P/E ratio
—
Net loss, or no EPS reported
Market cap
$102.1B
#106 of 289
Revenue
$12.241B
#205 of 299 · +10.3% YoY
Operating income
$2.544B
#143 of 231 · −0.4% YoY
Net income
$2.511B
#164 of 298 · −5.2% YoY
Free cash flow
—
Not reported
Total assets
$22.208B
#224 of 299 · +6.0% YoY
Dividends paid
—
Not reported
Dividend per share
—
Not reported
Dividend yield
—
No dividend, or a different currency
Shares outstanding
623,000,000 shares
As of Dec 31, 2025

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

  • Cost of revenue17.0%
  • R&D19.2%
  • SG&A and other42.9%
  • Taxes, interest & other0.3%
  • Net income20.5%

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year
+10.3%
#109 of 299
Revenue is growing steadily. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business
20.8%
#102 of 231
20.8% of revenue was kept as operating profit. The median across 231 companies is 19.2%.
Net marginShare of revenue left as profit after interest and taxes
20.5%
#90 of 298
After taxes, 20.5% of revenue was left as net income. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending
—
Not ranked
Free cash flow based on capital spending isn't calculated for financial companies.
ROEHow much profit the company earned on shareholders' equity in a year
30.2%
#78 of 276
Earns a lot relative to its equity. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt
170.9%
#132 of 244
Liabilities exceed equity. The median across 244 companies is 159.6%.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

FY2021 Revenue $5.992B / Net income −$352M5.99B−5.9%FY2021FY2022 Revenue $8.399B / Net income $1.893B8.40B22.5%FY2022FY2023 Revenue $9.917B / Net income $4.792B9.92B48.3%FY2023FY2024 Revenue $11.102B / Net income $2.648B11.1B23.9%FY2024FY2025 Revenue $12.241B / Net income $2.511B12.2B20.5%FY2025
Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

  • Cash from operations$4.646B

For financial companies, loans and investments drive cash flow rather than capital spending, so FCF isn’t calculated.

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

  • Total assets$22.208B
  • Total liabilities$14.009B
  • Total equity$8.199B
  • Cash and equivalents$6.56B

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail
CompanyAnnual revenueNet incomeRevenue growthOperating marginNet margin
AirbnbABNB$12.241B$2.511B+10.3%20.8%20.5%
Marriott InternationalMAR$26.186B$2.601B+4.3%15.8%9.9%
Royal CaribbeanRCL$17.935B$4.268B+8.8%27.4%23.8%
HiltonHLT$12.039B$1.457B+7.7%22.4%12.1%
Booking HoldingsBKNG$26.917B$5.404B+13.4%32.8%20.1%

What the company does

Airbnb connects travelers with private homes and experiences.

The fiscal year ends around December each year.

Related companies: Marriott International, Royal Caribbean, Hilton, Booking Holdings

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table
ItemFY2021FY2022FY2023FY2024FY2025
Revenue5.992B8.399B9.917B11.102B12.241B
Cost of revenue1.156B1.499B1.703B1.878B2.086B
Gross profit4.836B6.9B8.214B9.224B10.155B
R&D expense1.425B1.502B1.722B2.056B2.354B
Operating income429M1.802B1.518B2.553B2.544B
Pretax income−300M1.989B2.102B3.331B3.137B
Net income−352M1.893B4.792B2.648B2.511B
Operating cash flow2.313B3.43B3.884B4.518B4.646B
Total assets13.708B16.038B20.645B20.959B22.208B
Total liabilities8.933B10.478B12.48B12.547B14.009B
Total equity4.775B5.56B8.165B8.412B8.199B
Cash and equivalents9.727B12.103B12.667B6.864B6.56B
Original filing10-K10-K10-K10-K10-K

Source: SEC EDGAR filings for Airbnb, Inc. · CIK 0001559720 · US-GAAP