Airbnb Inc., balance sheet: debt

US$ in millions

	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Current portion of long-term debt	1,999)	—)	—)	—)	—)
Long-term debt, net of current portion	—)	1,995)	1,991)	1,987)	1,983)
Total debt (carrying amount)	1,999)	1,995)	1,991)	1,987)	1,983)

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).

The carrying amount of total debt exhibits a consistent, albeit modest, upward trend over the period examined. From 2021 to 2024, the value remained relatively stable, with incremental increases each year. A more noticeable increase is projected for 2025.

Total Debt Trend: Total debt stood at US$1,983 million as of December 31, 2021. It increased to US$1,987 million by the end of 2022, and continued to rise to US$1,991 million in 2023 and US$1,995 million in 2024. A projected value of US$1,999 million is indicated for December 31, 2025.

The composition of total debt appears to be primarily long-term debt, net of the current portion. The current portion of long-term debt is not reported for 2021, 2022, 2023, or 2024, but is valued at US$1,999 million for 2025. This suggests a potential shift in debt structure, with a larger proportion becoming due within the next year as of 2025.

Debt Structure: For the years 2021 through 2024, the total debt amount is equivalent to the long-term debt, net of the current portion. This indicates no significant short-term debt obligations during this period. The emergence of a US$1,999 million current portion in 2025 suggests a reclassification or new short-term borrowing.

The overall increase in total debt, while gradual, warrants monitoring. The projected increase in the current portion of long-term debt in 2025 could indicate upcoming refinancing needs or a change in the company’s debt management strategy.

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	Dec 31, 2025
Selected Financial Data (US$ in millions)
Convertible senior notes due March 2026	2,000)
Total debt (fair value)	2,000)
Financial Ratio
Debt, fair value to carrying amount ratio	1.00

Based on: 10-K (reporting date: 2025-12-31).

Weighted-average effective interest rate on debt: 0.20%

Interest rate	Debt amount¹	Interest rate × Debt amount
0.20%	2,000)	4)
Total	2,000)	4)
0.20%

Based on: 10-K (reporting date: 2025-12-31).

¹ US$ in millions

² Weighted-average interest rate = 100 × 4 ÷ 2,000 = 0.20%

Airbnb Inc. (NASDAQ:ABNB)

Analysis of Debt

Total Debt (Carrying Amount)

Total Debt (Fair Value)

Weighted-average Interest Rate on Debt