Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Airbnb Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	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
Accrued expenses, accounts payable, and other current liabilities	2,948)	3,012)	2,895)	2,836)	2,614)	3,106)	2,865)	2,968)	2,654)	2,368)	2,133)	2,280)	2,013)	1,990)	1,841)	1,921)	1,740)	1,726)	1,711)	1,612)
Funds payable and amounts payable to customers	6,959)	7,209)	11,067)	9,175)	5,931)	6,573)	10,342)	8,737)	5,869)	5,986)	9,144)	7,760)	4,783)	4,805)	7,466)	6,105)	3,715)	3,940)	6,302)	4,015)
Current portion of long-term debt	1,999)	1,998)	1,997)	1,996)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Unearned fees	1,743)	1,820)	2,857)	2,723)	1,616)	1,657)	2,621)	2,434)	1,427)	1,467)	2,347)	2,172)	1,182)	1,220)	1,981)	1,748)	904)	892)	1,484)	946)
Current liabilities	13,649)	14,039)	18,816)	16,730)	10,161)	11,336)	15,828)	14,139)	9,950)	9,821)	13,624)	12,212)	7,978)	8,015)	11,287)	9,774)	6,359)	6,559)	9,496)	6,573)
Long-term debt, net of current portion	—)	—)	—)	—)	1,995)	1,994)	1,993)	1,992)	1,991)	1,990)	1,989)	1,988)	1,987)	1,986)	1,985)	1,984)	1,983)	1,981)	1,980)	1,979)
Other liabilities, noncurrent	360)	415)	394)	389)	391)	354)	497)	510)	539)	505)	516)	527)	513)	535)	542)	574)	591)	592)	615)	627)
Noncurrent liabilities	360)	415)	394)	389)	2,386)	2,348)	2,490)	2,502)	2,530)	2,495)	2,505)	2,515)	2,500)	2,521)	2,527)	2,557)	2,573)	2,574)	2,595)	2,606)
Total liabilities	14,009)	14,454)	19,210)	17,119)	12,547)	13,684)	18,318)	16,641)	12,480)	12,316)	16,129)	14,727)	10,478)	10,536)	13,814)	12,331)	8,933)	9,133)	12,092)	9,180)
Common stock, $0.0001 par value	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Additional paid-in capital	13,763)	13,437)	13,168)	12,841)	12,602)	12,378)	12,116)	11,819)	11,639)	11,452)	11,290)	11,662)	11,557)	11,365)	11,267)	11,126)	11,140)	10,864)	10,639)	10,339)
Accumulated other comprehensive income (loss)	(62)	(79)	(128)	(21)	35)	(47)	(5)	(9)	(49)	(5)	(33)	(30)	(32)	(42)	(24)	(12)	(7)	(3)	—)	(2)
Accumulated deficit	(5,502)	(4,748)	(5,258)	(4,883)	(4,225)	(3,843)	(4,109)	(3,914)	(3,425)	(2,324)	(6,198)	(6,341)	(5,965)	(5,783)	(5,998)	(6,377)	(6,358)	(6,412)	(7,246)	(7,178)
Stockholders’ equity	8,199)	8,610)	7,782)	7,937)	8,412)	8,488)	8,002)	7,896)	8,165)	9,123)	5,059)	5,291)	5,560)	5,540)	5,245)	4,737)	4,776)	4,449)	3,393)	3,159)
Total liabilities and stockholders’ equity	22,208)	23,064)	26,992)	25,056)	20,959)	22,172)	26,320)	24,537)	20,645)	21,439)	21,188)	20,018)	16,038)	16,077)	19,059)	17,068)	13,708)	13,582)	15,485)	12,339)

The liabilities and stockholders’ equity of the company demonstrate significant fluctuations over the analyzed period, spanning from March 31, 2021, to December 31, 2025. Overall, total liabilities increased substantially before stabilizing and then experiencing a decline, while stockholders’ equity exhibited a more volatile pattern with a notable surge in the latter half of the period.

Current Liabilities: Current liabilities generally increased from US$6.573 billion in March 2021 to a peak of US$15.828 billion in June 2023. This increase was primarily driven by substantial growth in funds payable and amounts payable to customers. Following this peak, current liabilities decreased to US$13.649 billion by December 2025. A consistent component of current liabilities is accrued expenses, accounts payable, and other current liabilities, which also showed a general upward trend, albeit less pronounced than that of funds payable.
Funds Payable and Amounts Payable to Customers: This line item experienced the most dramatic changes. Starting at US$4.015 billion in March 2021, it rose to US$9.144 billion by June 2023, before decreasing to US$6.959 billion by December 2025. These fluctuations likely correlate with the company’s booking patterns and revenue recognition policies. The significant increase and subsequent decrease suggest a dynamic relationship between advance payments received from customers and the delivery of services.
Unearned Fees: Unearned fees also demonstrated an increasing trend, rising from US$946 million in March 2021 to US$2.857 billion in June 2025, with some quarterly variations. This increase is consistent with the growth in funds payable, indicating an increase in prepaid services.
Long-Term Debt: Long-term debt remained relatively stable throughout the period, fluctuating around US$1.98 billion until the introduction of a current portion in March 2025, totaling US$1.996 billion. The overall long-term debt remained relatively consistent, suggesting a conservative approach to long-term financing.
Stockholders’ Equity: Stockholders’ equity exhibited considerable volatility. It increased from US$3.159 billion in March 2021 to US$5.560 billion in December 2022, then experienced a significant jump to US$9.123 billion in March 2023. However, it decreased to US$8.199 billion by December 2025. This fluctuation was largely influenced by changes in accumulated deficit and additional paid-in capital. The substantial increase in equity in early 2023 suggests a period of strong profitability or capital raising activities.
Accumulated Deficit: The accumulated deficit decreased significantly from negative US$7.178 billion in March 2021 to negative US$2.324 billion in March 2023, indicating improved profitability. However, it then increased again to negative US$5.502 billion by December 2025, suggesting a reversal of profitability or the impact of significant expenses.
Additional Paid-in Capital: Additional paid-in capital consistently increased over the period, from US$10.339 billion in March 2021 to US$13.763 billion in December 2025. This suggests ongoing equity financing activities or stock-based compensation.
Total Liabilities and Stockholders’ Equity: Total liabilities and stockholders’ equity mirrored the trends in its components, increasing from US$12.339 billion in March 2021 to US$26.320 billion in June 2023, before decreasing to US$22.208 billion by December 2025. The overall trend indicates a period of growth followed by a stabilization and slight decline.

In summary, the company’s financial position experienced a period of substantial growth in liabilities and equity, particularly driven by increases in customer-related obligations and a reduction in accumulated deficit. The subsequent stabilization and decline in total liabilities, coupled with fluctuations in stockholders’ equity, suggest a maturing business with evolving financial dynamics.

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Airbnb Inc. (NASDAQ:ABNB)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data