Q2 2026 Earnings

Gross Booking Value

$27.25B

Key Business Metrics We review the following key business metrics to measure our performance, identify trends, formulate financial projections, and make strategic decisions. We are not aware of any uniform standards for calculating these key metrics, which may hinder comparability with other companies that may calculate similarly titled metrics in a different way. The following table summarizes our key business metrics, for each period presented below (in millions, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2025 2026 % Change 2025 2026 % Change Nights and Seats Booked 134 148 10 % 277 305 10 % Gross Booking Value $ 23,447 $ 27,247 16 % $ 47,962 $ 56,434 18 % Nights and Seats Booked Nights and Seats Booked is a key measure of the scale of our platform, which in turn drives our financial performance. Nights and Seats Booked on our platform in a period represents the sum of the total number of nights booked for stays and the total number of seats booked for experiences and services, net of cancellations and alterations that occurred in that period. For example, a booking made on February 15 would be reflected in Nights and Seats Booked for our quarter ended March 31. If, in the example, the booking were canceled on May 15, Nights and Seats Booked would be reduced by the cancellation for our quarter ended June 30. A night can include one or more guests and can be for a listing with one or more bedrooms. Nights and Seats Booked grows as we attract new customers to our platform and as repeat guests increase their activity on our platform. A seat is booked for each participant in an experience or service. Substantially all of the bookings on our platform to date have come from nights. We believe Nights and Seats Booked is a key business metric to help investors and others understand and evaluate our results of operations in the same manner as our management team, as it represents a single unit of transaction on our platform. During the three and six months ended June 30, 2026, the increase in Nights and Seats Booked, compared to the same period in the prior year, was driven by growth across all regions, led by Latin America and Asia Pacific, as we continue to focus on international expansion. North America and EMEA grew more moderately. We also continued to benefit from our product initiatives, including improvements to search and merchandising, pricing and tools, and flexible payment options. Gross Booking Value Gross Booking Value (“GBV”) represents the dollar value of bookings on our platform in a period, inclusive of host earnings, service fees, cleaning fees, and taxes, net of cancellations and alterations. The timing of recording GBV and related cancellations is similar to that described in the subsection titled “— Key Business Metrics and Non-GAAP Financial Measures — Nights and Seats Booked” above. The entire amount of a booking is reflected in GBV in the quarter it occurs regardless of when payment is collected. Revenue is recognized upon check-in; accordingly, GBV has generally been a leading indicator of revenue. Our flexible payment options allow guests to defer a portion or all of their payment from the time of booking to a date closer to stay. In 2025, we launched RNPL and expanded it internationally in 2026. To date, RNPL bookings, which require no payment at the time of booking, have experienced higher cancellation rates than historic bookings in which some or all of the cash was received at the time of booking. As adoption of RNPL and our other flexible payment options continues to grow, the timing among GBV, revenue, and cash receipts may become less correlated. During the three and six months ended June 30, 2026, the increase in GBV, compared to the same periods in the prior year, was primarily due to an increase in Nights and Seats Booked and ADR. We saw GBV growth across all regions, led by Latin America and Asia Pacific, with North America and EMEA growing more moderately. The increase in ADR was driven in part by the continued adoption of RNPL.

Free Cash Flow

$1.25B

FCF & FCF Margin FCF: Net cash provided by operating activities less purchases of property and equipment. FCF Margin: FCF divided by revenue. •Indicator of liquidity that provides information to our management and investors about the amount of cash generated from operations, after purchases of property and equipment, that can be used for strategic initiatives. •Used by management to measure operational performance to assess our ability to generate cash from ongoing business operations, and to make decisions about capital allocation. Constant currency revenue growth rate The change in the current period revenue over the prior comparable period where current period foreign currency revenue is translated using the exchange rates of the comparative period. •Enhances comparability and provides investors with useful insight into the operational changes in revenue. •Used by management for financial and operational decision-making and as a means to evaluate performance by excluding the effects of foreign currency volatility which is not indicative of our core operating results. The following table summarizes our non-GAAP financial measures, along with the most directly comparable U.S. GAAP measure (in millions, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2025 2026 2025 2026 Net income $ 642 $ 816 $ 796 $ 976 Net income margin 21 % 23 % 15 % 16 % Adjusted EBITDA $ 1,043 $ 1,261 $ 1,460 $ 1,780 Adjusted EBITDA Margin 34 % 35 % 27 % 28 % Net cash provided by operating activities $ 975 $ 1,270 $ 2,764 $ 2,978 Net cash provided by operating activities margin 31 % 35 % 51 % 47 % FCF $ 962 $ 1,253 $ 2,743 $ 2,957 FCF Margin 31 % 35 % 51 % 47 % 25 Table of Contents Adjusted EBITDA Reconciliation The following is a reconciliation of net income to Adjusted EBITDA (in millions, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2025 2026 2025 2026 Revenue $ 3,096 $ 3,608 $ 5,368 $ 6,286 Net income $ 642 $ 816 $ 796 $ 976 Adjusted to exclude the following: Provision for income taxes 137 81 156 202 Other (income) expense, net 17 7 50 (54) Interest expense 6 37 11 58 Interest income (190) (183) (363) (338) Depreciation and amortization 21 17 46 39 Stock-based compensation expense 424 487 782 897 Acquisition-related impacts (2) 1 (2) (1) Lodging taxes, host withholding taxes, and transactional taxes, net (7) (2) (11) 1 Stock-settlement obligations related to IPO (5) — (5) — Adjusted EBITDA $ 1,043 $ 1,261 $ 1,460 $ 1,780 Adjusted EBITDA Margin 34 % 35 % 27 % 28 % The above items are excluded from our Adjusted EBITDA measure because they are non-cash in nature, or because the amount and timing of these items are unpredictable, not driven by core results of operations, and renders comparisons with prior periods and competitors less meaningful. The increase in Adjusted EBITDA and Adjusted EBITDA margin for the three and six months ended June 30, 2026, compared to the same periods in the prior year, was primarily due to revenue growth from an increase in the number of check-ins for Nights and Seats Booked and an increase in ADR, which outpaced the growth in our operating expenses. Free Cash Flow Reconciliation The following is a reconciliation of net cash provided by operating activities to FCF (in millions, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2025 2026 2025 2026 Revenue $ 3,096 $ 3,608 $ 5,368 $ 6,286 Net cash provided by operating activities $ 975 $ 1,270 $ 2,764 $ 2,978 Purchases of property and equipment (13) (17) (21) (21) FCF $ 962 $ 1,253 $ 2,743 $ 2,957 FCF Margin 31 % 35 % 51 % 47 % Our FCF is impacted by the timing of GBV, as we generally collect our service fees at booking, which typically occurs before a stay, experience, or service. For bookings under RNPL, we collect payment closer to the date of stay. The continued expansion of RNPL results in a shift in timing of when cash for unearned fees is received, which impacts our FCF. Funds held on behalf of customers and amounts payable to customers do not impact FCF, except for interest earned on those funds.

Free Cash Flow Margin

35.0%

FCF & FCF Margin FCF: Net cash provided by operating activities less purchases of property and equipment. FCF Margin: FCF divided by revenue. •Indicator of liquidity that provides information to our management and investors about the amount of cash generated from operations, after purchases of property and equipment, that can be used for strategic initiatives. •Used by management to measure operational performance to assess our ability to generate cash from ongoing business operations, and to make decisions about capital allocation. Constant currency revenue growth rate The change in the current period revenue over the prior comparable period where current period foreign currency revenue is translated using the exchange rates of the comparative period. •Enhances comparability and provides investors with useful insight into the operational changes in revenue. •Used by management for financial and operational decision-making and as a means to evaluate performance by excluding the effects of foreign currency volatility which is not indicative of our core operating results. The following table summarizes our non-GAAP financial measures, along with the most directly comparable U.S. GAAP measure (in millions, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2025 2026 2025 2026 Net income $ 642 $ 816 $ 796 $ 976 Net income margin 21 % 23 % 15 % 16 % Adjusted EBITDA $ 1,043 $ 1,261 $ 1,460 $ 1,780 Adjusted EBITDA Margin 34 % 35 % 27 % 28 % Net cash provided by operating activities $ 975 $ 1,270 $ 2,764 $ 2,978 Net cash provided by operating activities margin 31 % 35 % 51 % 47 % FCF $ 962 $ 1,253 $ 2,743 $ 2,957 FCF Margin 31 % 35 % 51 % 47 % 25 Table of Contents Adjusted EBITDA Reconciliation The following is a reconciliation of net income to Adjusted EBITDA (in millions, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2025 2026 2025 2026 Revenue $ 3,096 $ 3,608 $ 5,368 $ 6,286 Net income $ 642 $ 816 $ 796 $ 976 Adjusted to exclude the following: Provision for income taxes 137 81 156 202 Other (income) expense, net 17 7 50 (54) Interest expense 6 37 11 58 Interest income (190) (183) (363) (338) Depreciation and amortization 21 17 46 39 Stock-based compensation expense 424 487 782 897 Acquisition-related impacts (2) 1 (2) (1) Lodging taxes, host withholding taxes, and transactional taxes, net (7) (2) (11) 1 Stock-settlement obligations related to IPO (5) — (5) — Adjusted EBITDA $ 1,043 $ 1,261 $ 1,460 $ 1,780 Adjusted EBITDA Margin 34 % 35 % 27 % 28 % The above items are excluded from our Adjusted EBITDA measure because they are non-cash in nature, or because the amount and timing of these items are unpredictable, not driven by core results of operations, and renders comparisons with prior periods and competitors less meaningful. The increase in Adjusted EBITDA and Adjusted EBITDA margin for the three and six months ended June 30, 2026, compared to the same periods in the prior year, was primarily due to revenue growth from an increase in the number of check-ins for Nights and Seats Booked and an increase in ADR, which outpaced the growth in our operating expenses. Free Cash Flow Reconciliation The following is a reconciliation of net cash provided by operating activities to FCF (in millions, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2025 2026 2025 2026 Revenue $ 3,096 $ 3,608 $ 5,368 $ 6,286 Net cash provided by operating activities $ 975 $ 1,270 $ 2,764 $ 2,978 Purchases of property and equipment (13) (17) (21) (21) FCF $ 962 $ 1,253 $ 2,743 $ 2,957 FCF Margin 31 % 35 % 51 % 47 % Our FCF is impacted by the timing of GBV, as we generally collect our service fees at booking, which typically occurs before a stay, experience, or service. For bookings under RNPL, we collect payment closer to the date of stay. The continued expansion of RNPL results in a shift in timing of when cash for unearned fees is received, which impacts our FCF. Funds held on behalf of customers and amounts payable to customers do not impact FCF, except for interest earned on those funds.

Adjusted EBITDA

$1.26B

Our non-GAAP financial measures include Adjusted EBITDA, Adjusted EBITDA Margin, FCF, and FCF Margin, which are described below. A reconciliation of each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with U.S. GAAP is provided below. Investors are encouraged to review the related U.S. GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable U.S. GAAP financial measures. Adjusted EBITDA and Adjusted EBITDA Margin have limitations as a financial measure, should be considered as supplemental in nature, and are not meant as a substitute for the related financial information prepared in accordance with U.S. GAAP. Because of these limitations, Adjusted EBITDA and Adjusted EBITDA Margin should be considered alongside other financial performance measures, including net income and net income margin as well as our other U.S. GAAP results. FCF and FCF Margin have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of other U.S. GAAP financial measures, such as net cash provided by operating activities and net cash provided by operating activities margin. FCF and FCF Margin do not reflect our ability to meet future contractual commitments and may be calculated differently by other companies in our industry, limiting their usefulness as comparative measures. 24 Table of Contents Non-GAAP Measure Definition Purpose of Non-GAAP Measure Adjusted EBITDA & Adjusted EBITDA Margin Adjusted EBITDA: Net income adjusted for: •provision for income taxes, •other income (expense), net, •Interest expense, •interest income, •depreciation and amortization, •stock-based compensation expense, •acquisition-related impacts consisting of gains (losses) recognized on changes in the fair value of contingent consideration arrangements, •settlements and reserves for lodging, withholding, transactional and other non-income taxes where significant uncertainty exists as to how these taxes apply to users of our platform and Airbnb, and •stock-settlement obligations, which represent employer and related taxes related to our Initial Public Offering (“IPO”). Adjusted EBITDA Margin: Adjusted EBITDA divided by revenue. •Enhances comparability on a consistent basis and provides investors with useful insight into the underlying trends of the business. •Used by management to make operating decisions such as evaluating performance, performing strategic planning, and budgeting. FCF & FCF Margin FCF: Net cash provided by operating activities less purchases of property and equipment. FCF Margin: FCF divided by revenue. •Indicator of liquidity that provides information to our management and investors about the amount of cash generated from operations, after purchases of property and equipment, that can be used for strategic initiatives. •Used by management to measure operational performance to assess our ability to generate cash from ongoing business operations, and to make decisions about capital allocation. Constant currency revenue growth rate The change in the current period revenue over the prior comparable period where current period foreign currency revenue is translated using the exchange rates of the comparative period. •Enhances comparability and provides investors with useful insight into the operational changes in revenue. •Used by management for financial and operational decision-making and as a means to evaluate performance by excluding the effects of foreign currency volatility which is not indicative of our core operating results. The following table summarizes our non-GAAP financial measures, along with the most directly comparable U.S. GAAP measure (in millions, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2025 2026 2025 2026 Net income $ 642 $ 816 $ 796 $ 976 Net income margin 21 % 23 % 15 % 16 % Adjusted EBITDA $ 1,043 $ 1,261 $ 1,460 $ 1,780 Adjusted EBITDA Margin 34 % 35 % 27 % 28 % Net cash provided by operating activities $ 975 $ 1,270 $ 2,764 $ 2,978 Net cash provided by operating activities margin 31 % 35 % 51 % 47 % FCF $ 962 $ 1,253 $ 2,743 $ 2,957 FCF Margin 31 % 35 % 51 % 47 % 25 Table of Contents Adjusted EBITDA Reconciliation The following is a reconciliation of net income to Adjusted EBITDA (in millions, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2025 2026 2025 2026 Revenue $ 3,096 $ 3,608 $ 5,368 $ 6,286 Net income $ 642 $ 816 $ 796 $ 976 Adjusted to exclude the following: Provision for income taxes 137 81 156 202 Other (income) expense, net 17 7 50 (54) Interest expense 6 37 11 58 Interest income (190) (183) (363) (338) Depreciation and amortization 21 17 46 39 Stock-based compensation expense 424 487 782 897 Acquisition-related impacts (2) 1 (2) (1) Lodging taxes, host withholding taxes, and transactional taxes, net (7) (2) (11) 1 Stock-settlement obligations related to IPO (5) — (5) — Adjusted EBITDA $ 1,043 $ 1,261 $ 1,460 $ 1,780 Adjusted EBITDA Margin 34 % 35 % 27 % 28 % The above items are excluded from our Adjusted EBITDA measure because they are non-cash in nature, or because the amount and timing of these items are unpredictable, not driven by core results of operations, and renders comparisons with prior periods and competitors less meaningful.

Adjusted EBITDA Margin

35.0%

Our non-GAAP financial measures include Adjusted EBITDA, Adjusted EBITDA Margin, FCF, and FCF Margin, which are described below. A reconciliation of each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with U.S. GAAP is provided below. Investors are encouraged to review the related U.S. GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable U.S. GAAP financial measures. Adjusted EBITDA and Adjusted EBITDA Margin have limitations as a financial measure, should be considered as supplemental in nature, and are not meant as a substitute for the related financial information prepared in accordance with U.S. GAAP. Because of these limitations, Adjusted EBITDA and Adjusted EBITDA Margin should be considered alongside other financial performance measures, including net income and net income margin as well as our other U.S. GAAP results. FCF and FCF Margin have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of other U.S. GAAP financial measures, such as net cash provided by operating activities and net cash provided by operating activities margin. FCF and FCF Margin do not reflect our ability to meet future contractual commitments and may be calculated differently by other companies in our industry, limiting their usefulness as comparative measures. 24 Table of Contents Non-GAAP Measure Definition Purpose of Non-GAAP Measure Adjusted EBITDA & Adjusted EBITDA Margin Adjusted EBITDA: Net income adjusted for: •provision for income taxes, •other income (expense), net, •Interest expense, •interest income, •depreciation and amortization, •stock-based compensation expense, •acquisition-related impacts consisting of gains (losses) recognized on changes in the fair value of contingent consideration arrangements, •settlements and reserves for lodging, withholding, transactional and other non-income taxes where significant uncertainty exists as to how these taxes apply to users of our platform and Airbnb, and •stock-settlement obligations, which represent employer and related taxes related to our Initial Public Offering (“IPO”). Adjusted EBITDA Margin: Adjusted EBITDA divided by revenue. •Enhances comparability on a consistent basis and provides investors with useful insight into the underlying trends of the business. •Used by management to make operating decisions such as evaluating performance, performing strategic planning, and budgeting. FCF & FCF Margin FCF: Net cash provided by operating activities less purchases of property and equipment. FCF Margin: FCF divided by revenue. •Indicator of liquidity that provides information to our management and investors about the amount of cash generated from operations, after purchases of property and equipment, that can be used for strategic initiatives. •Used by management to measure operational performance to assess our ability to generate cash from ongoing business operations, and to make decisions about capital allocation. Constant currency revenue growth rate The change in the current period revenue over the prior comparable period where current period foreign currency revenue is translated using the exchange rates of the comparative period. •Enhances comparability and provides investors with useful insight into the operational changes in revenue. •Used by management for financial and operational decision-making and as a means to evaluate performance by excluding the effects of foreign currency volatility which is not indicative of our core operating results. The following table summarizes our non-GAAP financial measures, along with the most directly comparable U.S. GAAP measure (in millions, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2025 2026 2025 2026 Net income $ 642 $ 816 $ 796 $ 976 Net income margin 21 % 23 % 15 % 16 % Adjusted EBITDA $ 1,043 $ 1,261 $ 1,460 $ 1,780 Adjusted EBITDA Margin 34 % 35 % 27 % 28 % Net cash provided by operating activities $ 975 $ 1,270 $ 2,764 $ 2,978 Net cash provided by operating activities margin 31 % 35 % 51 % 47 % FCF $ 962 $ 1,253 $ 2,743 $ 2,957 FCF Margin 31 % 35 % 51 % 47 % 25 Table of Contents Adjusted EBITDA Reconciliation The following is a reconciliation of net income to Adjusted EBITDA (in millions, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2025 2026 2025 2026 Revenue $ 3,096 $ 3,608 $ 5,368 $ 6,286 Net income $ 642 $ 816 $ 796 $ 976 Adjusted to exclude the following: Provision for income taxes 137 81 156 202 Other (income) expense, net 17 7 50 (54) Interest expense 6 37 11 58 Interest income (190) (183) (363) (338) Depreciation and amortization 21 17 46 39 Stock-based compensation expense 424 487 782 897 Acquisition-related impacts (2) 1 (2) (1) Lodging taxes, host withholding taxes, and transactional taxes, net (7) (2) (11) 1 Stock-settlement obligations related to IPO (5) — (5) — Adjusted EBITDA $ 1,043 $ 1,261 $ 1,460 $ 1,780 Adjusted EBITDA Margin 34 % 35 % 27 % 28 % The above items are excluded from our Adjusted EBITDA measure because they are non-cash in nature, or because the amount and timing of these items are unpredictable, not driven by core results of operations, and renders comparisons with prior periods and competitors less meaningful.

Lodging-Tax Collection Jurisdictions

37.0K

Lodging Tax Obligations and Other Non-Income Tax Matters Lodging Tax Obligations Some states and localities in the U.S. and elsewhere in the world impose transient occupancy or lodging accommodations taxes (“Lodging Taxes”) on the use or occupancy of lodging accommodations or other traveler services. As of June 30, 2026, the Company collected and remitted Lodging Taxes in approximately 37,000 jurisdictions around the world on behalf of its hosts. Such Lodging Taxes are generally remitted to tax jurisdictions within a 30- to 90-day period following the end of each month. As of December 31, 2025 and June 30, 2026, the Company had an obligation to remit Lodging Taxes collected from guests on bookings in these jurisdictions totaling $387 million and $609 million, respectively. These payables were recorded in accrued expenses, accounts payable, and other current liabilities on the unaudited condensed consolidated balance sheets.