Stock Analysis on Net

Airbnb Inc. (NASDAQ:ABNB)

$24.99

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.

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Airbnb Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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
Cost of revenue
Gross profit
Operations and support
Product development
Sales and marketing
General and administrative
Restructuring charges
Income (loss) from operations
Interest income
Other income (expense), net
Income (loss) before income taxes
(Provision for) benefit from income taxes
Net income (loss)

Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


Revenue Trends
Revenue exhibits a generally increasing pattern over the periods, starting at 887 million USD in March 2021 and reaching a peak of 3,732 million USD in September 2024. There are seasonal fluctuations, with notable drops typically in December quarters, followed by rebounds in subsequent quarters.
Cost of Revenue Trends
The cost of revenue shows a steady increase over time, rising from 255 million USD in March 2021 to 544 million USD in June 2025. Despite overall growth in costs, the cost-to-revenue ratio appears stable, supporting gross profit growth.
Gross Profit Trends
Gross profit greatly increases, moving from 632 million USD in March 2021 to a peak of 3,267 million USD in September 2024, mirroring revenue growth. The data indicates effective management of cost of revenue relative to increasing sales.
Operating Expenses Analysis
Operations and support costs increase moderately over time, from 185 million USD in March 2021 to 332 million USD in June 2025. Product development expenses also trend upward, starting at 363 million USD and reaching 610 million USD by June 2025. Sales and marketing expenses demonstrate steady growth, rising from 229 million USD to 691 million USD, indicating continuous investment in customer acquisition and retention. General and administrative costs fluctuate, with a significant one-time jump to 1,203 million USD in December 2022, before returning to previous ranges.
Restructuring Charges
Restructuring charges are generally minimal or absent across periods, with exceptions in March 2021 (112 million USD) and June 2022 (89 million USD), signaling occasional strategic restructurings.
Income from Operations
Income from operations shifts from a loss of 447 million USD in March 2021 to a peak profit of 1,525 million USD in September 2024, though with volatility. Notable losses occurred in December 2023 and March 2025, suggesting periods of operational challenges or increased expenses impacting profitability.
Interest Income and Other Income/Expense
Interest income shows a steady increase, rising from 3 million USD to around 190 million USD by mid-2025, reflecting possibly improved returns on investments or increased cash balances. Other income (expense), net, remains relatively small and fluctuates between minor gains and losses without a clear trend.
Income Before Income Taxes
This metric follows a similar pattern to operating income, transitioning from significant loss to strong profitability over time, yet with marked quarterly variability. The peak income before taxes reaches 1,735 million USD in September 2024 but experiences sharp declines in late 2023.
Provision for Income Taxes
Tax provisions vary with income fluctuations, mostly staying negative or small but showing some outliers such as a large positive tax provision of 2,695 million USD in September 2023, likely tied to extraordinary income or tax-related adjustments.
Net Income Trends
Net income trends upward overall, with losses recorded in early periods and significant profits emerging later. The most notable net income spike occurs in September 2023 at 4,374 million USD, largely inconsistent with adjacent quarters, indicating an extraordinary gain or accounting event. The net income then normalizes to positive levels thereafter.
Summary Insight
The data reflects a company experiencing growth in revenue and profitability over the analyzed periods, accompanied by proportionate increases in costs and expenses. Operational profitability is improving despite occasional fluctuations and one-time expense spikes. The presence of extraordinary items is suggested by large variations in net income and tax provisions in select quarters. Continued investment in product development and sales/marketing supports expansion, while operational costs remain controlled relative to revenue growth.