Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Airbnb Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Revenue	3,608)	2,678)	2,778)	4,095)	3,096)	2,272)	2,480)	3,732)	2,748)	2,142)	2,218)	3,397)	2,484)	1,818)	1,902)	2,884)	2,104)	1,509)	1,532)	2,237)	1,335)	887)
Cost of revenue	(633)	(581)	(487)	(549)	(544)	(506)	(427)	(465)	(506)	(480)	(384)	(459)	(432)	(428)	(345)	(401)	(390)	(363)	(295)	(312)	(294)	(255)
Gross profit	2,975)	2,097)	2,291)	3,546)	2,552)	1,766)	2,053)	3,267)	2,242)	1,662)	1,834)	2,938)	2,052)	1,390)	1,556)	2,483)	1,714)	1,146)	1,237)	1,926)	1,041)	632)
Operations and support	(361)	(326)	(327)	(365)	(332)	(303)	(290)	(369)	(338)	(285)	(271)	(316)	(317)	(282)	(260)	(290)	(258)	(233)	(225)	(228)	(208)	(185)
Product development	(672)	(638)	(589)	(587)	(610)	(568)	(538)	(524)	(519)	(475)	(432)	(419)	(451)	(420)	(398)	(366)	(375)	(363)	(368)	(344)	(350)	(363)
Sales and marketing	(875)	(751)	(695)	(639)	(691)	(563)	(547)	(514)	(573)	(514)	(424)	(403)	(486)	(450)	(408)	(383)	(380)	(345)	(351)	(291)	(315)	(229)
General and administrative	(309)	(296)	(411)	(330)	(307)	(294)	(248)	(335)	(315)	(287)	(1,203)	(304)	(275)	(243)	(256)	(240)	(243)	(211)	(217)	(211)	(218)	(190)
Restructuring charges	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(89)	—)	(1)	—)	(1)	(112)
Income (loss) from operations	758)	86)	269)	1,625)	612)	38)	430)	1,525)	497)	101)	(496)	1,496)	523)	(5)	235)	1,203)	369)	(5)	76)	852)	(51)	(447)
Interest income	183)	155)	162)	180)	190)	173)	183)	207)	226)	202)	192)	192)	191)	146)	103)	58)	20)	5)	4)	3)	3)	3)
Interest expense	(37)	(21)	8)	—)	(6)	(5)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other income (expense), net	(7)	61)	(46)	(13)	(17)	(33)	9)	3)	(42)	(10)	(79)	(9)	(38)	(11)	7)	8)	(6)	(8)	(7)	(4)	(9)	(722)
Income (loss) before income taxes	897)	281)	393)	1,792)	779)	173)	622)	1,735)	681)	293)	(383)	1,679)	676)	130)	344)	1,270)	383)	(8)	72)	850)	(57)	(1,166)
(Provision for) benefit from income taxes	(81)	(121)	(52)	(418)	(137)	(19)	(161)	(367)	(126)	(29)	34)	2,695)	(26)	(13)	(25)	(56)	(4)	(11)	(18)	(17)	(11)	(6)
Net income (loss)	816)	160)	341)	1,374)	642)	154)	461)	1,368)	555)	264)	(349)	4,374)	650)	117)	319)	1,214)	379)	(19)	55)	834)	(68)	(1,172)

Revenue demonstrates a consistent seasonal cycle characterized by significant peaks in the third quarter of each year and troughs in the first quarter. Over the analyzed period, a steady upward trajectory in top-line growth is evident, with third-quarter revenues increasing from 2,237 million in 2021 to 4,095 million in 2025. Gross profit has mirrored this growth, benefiting from the fact that revenue increases have consistently outpaced the growth of the cost of revenue, leading to expanded gross margins.

Operating Expense Trends: Operating expenditures have scaled gradually to support growth, though the growth rates vary by category. Product development costs show a linear increase, rising from 363 million in March 2021 to 672 million by June 2026. Sales and marketing expenses have also trended upward, reflecting continued investment in user acquisition. A notable anomaly occurred in General and Administrative expenses on December 31, 2023, where costs spiked to 1,203 million, a sharp deviation from the typical quarterly range of 190 million to 411 million.
Profitability and Margin Analysis: Income from operations has transitioned from early losses in 2021 to a pattern of sustainable profitability. Operational profitability is highly correlated with seasonal revenue peaks, typically reaching its maximum in the third quarter of each year. For instance, operating income reached 1,625 million in September 2025, compared to 1,203 million in September 2022.
Net Income and Tax Impact: Net income exhibits high volatility due to non-operational items and tax adjustments. A significant outlier is observed in September 2023, where net income surged to 4,374 million. This spike was primarily driven by a substantial tax benefit of 2,695 million rather than underlying operational performance.
Non-Operating Financial Items: Interest income has seen substantial growth, increasing from 3 million in early 2021 to levels frequently exceeding 180 million in more recent quarters, suggesting a significant accumulation of cash and cash equivalents. Conversely, interest expenses were non-existent in the early years of the period but began appearing in late 2024 and throughout 2025 and 2026, indicating a shift in the company's capital structure or financing activities.

In summary, the financial profile is defined by strong seasonal revenue growth, improving gross margins, and a transition toward stable operating profitability, punctuated by occasional non-recurring administrative charges and significant tax-driven fluctuations in net income.

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Airbnb Inc. (NASDAQ:ABNB)

Income StatementQuarterly Data

Income Statement
Quarterly Data