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

	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	2,895)	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	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	1,997)	1,996)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Unearned fees	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	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	394)	389)	391)	354)	497)	510)	539)	505)	516)	527)	513)	535)	542)	574)	591)	592)	615)	627)
Noncurrent liabilities	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	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	13,168)	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)	(128)	(21)	35)	(47)	(5)	(9)	(49)	(5)	(33)	(30)	(32)	(42)	(24)	(12)	(7)	(3)	—)	(2)
Accumulated deficit	(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	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	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 analysis of the quarterly data reveals several notable trends regarding the company's financial position and liabilities over the observed periods.

Current Liabilities: Current liabilities exhibit a pattern of significant volatility with generally increasing levels over time. From March 31, 2021, to June 30, 2025, current liabilities rose from 6,573 million USD to 18,816 million USD, with occasional fluctuations. Notable peaks occurred in March 31, 2023, and June 30, 2024, reaching values above 14,000 million USD and 15,800 million USD respectively. This increase is driven mainly by the growth in accrued expenses, accounts payable and other current liabilities, funds payable, and unearned fees.
Accrued Expenses, Accounts Payable, and Other Current Liabilities: This category steadily increased from 1,612 million USD at the beginning of the period to around 2,895 million USD toward June 30, 2025, showing moderate fluctuations but a general upward trajectory. This indicates a growing amount of short-term obligations related to expenses and payables.
Funds Payable and Amounts Payable to Customers: The amounts payable to customers demonstrated substantial volatility with sharp increases and decreases, peaking notably at 11,067 million USD by June 30, 2025. These fluctuations suggest variable obligations to customer-related funds that could reflect operational cycle activity or changes in customer transactions.
Unearned Fees: Unearned fees showed a cyclic pattern with periodic peaks corresponding to certain quarters, nearly doubling from 946 million USD in March 2021 to peaks around 2,857 million USD in June 2025. This indicates a fluctuating but generally increasing amount of fees received in advance related to future services.
Long-Term Debt, Net of Current Portion: Long-term debt remained essentially stable around 1,979 to 1,995 million USD throughout the period, indicating no significant changes in long-term borrowing excluding the current portion. The current portion of long-term debt appears only in the last two quarters at approximately 1,996 to 1,997 million USD, which may imply recent reclassification or repayments approaching maturity.
Other Liabilities, Noncurrent: Other noncurrent liabilities showed a gradual slight decline from 627 million USD to near 394 million USD by June 2025, suggesting a slow reduction in these obligations over time.
Total Liabilities: Total liabilities increased significantly over the period, nearly doubling from 9,180 million USD in March 2021 to 19,210 million USD by June 2025. The growth of total liabilities is concentrated in current liabilities, while noncurrent liabilities remained relatively stable or declined.
Stockholders’ Equity: Stockholders’ equity showed moderate growth before a period of decline with notable fluctuations. It rose from approximately 3,159 million USD in March 2021 to a peak of 9,123 million USD by September 2023, followed by a decline to 7,782 million USD by June 2025. These fluctuations may be influenced by changes in accumulated deficit and other comprehensive income/loss.
Accumulated Deficit and Comprehensive Income: Accumulated deficit displayed some improvement from March 2021 through mid-2022 but then worsened, moving from -7,178 million USD to a less negative -2,324 million USD by September 2023, followed by deterioration again to approximately -5,258 million USD by June 2025. Accumulated other comprehensive income/loss remained negative with frequent fluctuations, indicating volatility in components not included in earnings, such as currency translation adjustments or pension liabilities.
Additional Paid-in Capital: This item increased steadily over the entire period from 10,339 million USD to 13,168 million USD by June 2025, reflecting ongoing capital contributions or stock-based compensation impacts.
Total Liabilities and Stockholders’ Equity: The sum of total liabilities and stockholders’ equity increased from 12,339 million USD to 26,992 million USD, reflecting overall growth in the company's balance sheet size.

In summary, the data shows significant growth in liabilities, primarily current liabilities, accompanied by fluctuating but overall increasing equity. The stability in long-term debt contrasted with rising current portions suggests some debt maturities concentrated in recent periods. The increases in funds payable and unearned fees hint at expanding operational activity but also greater short-term obligations. The variability in accumulated deficit and comprehensive income signifies ongoing challenges in maintaining consistent profitability or managing other comprehensive income elements.

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Airbnb Inc. (NASDAQ:ABNB)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data