ABNB FY 2025 Earnings Report — Airbnb, Inc. Revenue & Financial Results | Market Cap Arena

Airbnb, Inc.ABNB

FY 2025 Earnings

Reported February 12, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$12.2B	—	$11.1B	—	10.3%
Op. Income	$2.5B	—	$2.6B	—	-0.4%
Gross Margin	83.0%	—	83.1%	—	-0.1pp
Net Margin	20.5%	—	23.9%	—	-3.3pp
EPS (Diluted)	$4.03	—	$4.11	—	-1.9%
Free Cash Flow	$4.6B	—	$4.5B	—	2.8%

Revenue Flow

Item	Amount
REVENUE	$12.2B
Cost of Revenue	$2.1B
GROSS PROFIT	$10.2B
R&D Expenses	$2.4B
Selling & Marketing	$2.6B
General & Administrative	$1.3B
SG&A Expenses	$3.9B
Other Expenses	$1.3B
Operating Expenses	$7.6B
Cost & Expenses	$9.7B
OPERATING INCOME	$2.5B
Interest Income	$705M
Interest Expense	$0
Other Income/Expenses	$593M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$626M
Net Income from Continuing Ops	$2.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.5B
Net Income Deductions	-$3M
BOTTOM LINE NET INCOME	$2.5B
D&A	$0
EBIT	$2.5B
EBITDA	$2.5B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$12.2B
Cost of Revenue	$2.1B
GROSS PROFIT	$10.2B
R&D Expenses	$2.4B
Selling & Marketing	$2.6B
General & Administrative	$1.3B
SG&A Expenses	$3.9B
Other Expenses	$1.3B
Operating Expenses	$7.6B
Cost & Expenses	$9.7B
OPERATING INCOME	$2.5B
Interest Income	$705M
Interest Expense	$0
Other Income/Expenses	$593M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$626M
Net Income from Continuing Ops	$2.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.5B
Net Income Deductions	-$3M
BOTTOM LINE NET INCOME	$2.5B
D&A	$0
EBIT	$2.5B
EBITDA	$2.5B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$2.5B
Depreciation & Amortization	$0
Stock-Based Compensation	$1.6B
Deferred Income Tax	$376M
Other Non-Cash Items	$273M
Change in Working Capital	-$106M
OPERATING CASH FLOW	$4.6B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$3.4B
Sales/Maturities of Investments	$2.7B
Other Investing Activities	-$46M
NET CASH FROM INVESTING	-$748M
Net Debt Issuance	$0
Common Stock Repurchased	-$3.8B
Common Dividends Paid	$0
Other Financing Activities	-$160M
NET CASH FROM FINANCING	-$3.8B
FREE CASH FLOW	$4.6B
Net Change in Cash	$726M

Balance Sheet

Item	Amount
Cash & Equivalents	$6.6B
Short-Term Investments	$4.5B
Net Receivables	$7.1B
Inventory	$0
Other Current Assets	$638M
TOTAL CURRENT ASSETS	$18.8B
PP&E (Net)	$257M
Goodwill	$754M
Intangible Assets	$16M
Long-Term Investments	$58M
Tax Assets	$2.1B
Other Non-Current Assets	$224M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$22.2B
Account Payables	$232M
Short-Term Debt	$2.0B
Deferred Revenue	$1.7B
Other Current Liabilities	$593M
TOTAL CURRENT LIABILITIES	$13.6B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$360M
TOTAL NON-CURRENT LIABILITIES	$360M
TOTAL LIABILITIES	$14.0B
Common Stock	$0
Additional Paid-In Capital	$13.8B
Retained Earnings	-$5.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$62M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.2B
Minority Interest	$0
TOTAL EQUITY	$8.2B
TOTAL LIABILITIES & EQUITY	$22.2B
Total Debt	$2.1B
Net Debt	-$4.5B