Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Airbnb Inc., consolidated cash flow statement (quarterly data)

US$ in millions

3 months ended:	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
Net income (loss)	1,374)	642)	154)	461)	1,368)	555)	264)	(349)	4,374)	650)	117)	319)	1,214)	379)	(19)	55)	834)	(68)	(1,172)
Depreciation and amortization	22)	21)	25)	22)	15)	14)	14)	16)	8)	9)	11)	13)	13)	26)	29)	31)	34)	36)	38)
Stock-based compensation expense	399)	424)	358)	368)	362)	382)	295)	290)	286)	304)	240)	254)	234)	247)	195)	226)	211)	233)	229)
Deferred income taxes	266)	70)	—)	129)	239)	65)	—)	(116)	(2,759)	—)	—)	(16)	15)	—)	—)	11)	—)	—)	—)
Change in fair value of warrant liability	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	292)
Impairment of long-lived assets	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	2)	—)	89)	—)	—)	—)	—)	113)
Loss from extinguishment of debt	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	377)
Other, net	43)	28)	71)	(18)	(11)	57)	4)	92)	8)	(29)	12)	(11)	49)	35)	43)	38)	38)	(3)	—)
Prepaids and other assets	71)	(196)	(79)	(141)	83)	(118)	13)	(60)	34)	(44)	(32)	(27)	11)	(159)	(10)	(1)	(2)	(35)	8)
Accrued expenses and other liabilities	219)	(145)	155)	(322)	(12)	(95)	325)	232)	253)	(155)	250)	(32)	188)	(52)	119)	10)	—)	91)	71)
Unearned fees	(1,038)	131)	1,105)	(33)	(966)	191)	1,008)	(42)	(879)	174)	989)	(39)	(760)	234)	844)	11)	(591)	538)	538)
Changes in operating assets and liabilities	(748)	(210)	1,181)	(496)	(895)	(22)	1,346)	130)	(592)	(25)	1,207)	(98)	(560)	24)	954)	21)	(594)	594)	617)
Adjustments to reconcile net income (loss) to cash provided by operating activities	(18)	333)	1,635)	5)	(290)	496)	1,659)	412)	(3,049)	259)	1,470)	144)	(249)	421)	1,221)	326)	(311)	860)	1,667)
Net cash provided by operating activities	1,356)	975)	1,789)	466)	1,078)	1,051)	1,923)	63)	1,325)	909)	1,587)	463)	966)	800)	1,202)	381)	523)	791)	494)
Purchases of short-term investments	(1,017)	(877)	(766)	(697)	(929)	(694)	(826)	(943)	(674)	(597)	(1,094)	(1,057)	(936)	(1,151)	(928)	(1,310)	(821)	(1,226)	(1,581)
Sales and maturities of short-term investments	820)	809)	623)	526)	731)	592)	756)	552)	325)	586)	917)	922)	885)	1,524)	740)	984)	650)	1,560)	417)
Other investing activities, net	(9)	(23)	(8)	(49)	(4)	(8)	(14)	(84)	(15)	(9)	(6)	(8)	(5)	(5)	(9)	(4)	(6)	(8)	(8)
Net cash (used in) provided by investing activities	(206)	(91)	(151)	(220)	(202)	(110)	(84)	(475)	(364)	(20)	(183)	(143)	(56)	368)	(197)	(329)	(176)	326)	(1,172)
Change in funds payable and amounts payable to customers	(3,840)	1,436)	3,074)	(345)	(3,989)	1,661)	2,993)	(260)	(3,075)	1,358)	2,913)	(197)	(2,430)	1,561)	2,397)	(183)	(2,334)	2,280)	1,864)
Repurchases of common stock	(877)	(1,010)	(807)	(838)	(1,093)	(749)	(750)	(752)	(500)	(507)	(493)	(500)	(1,000)	—)	—)	—)	—)	—)	—)
Taxes paid related to net share settlement of equity awards	(136)	(143)	(152)	(208)	(113)	(154)	(155)	(201)	(151)	(721)	(151)	(116)	(147)	(140)	(205)	(21)	(10)	(8)	(15)
Proceeds from exercise of equity awards and employee stock purchase plan	3)	45)	30)	61)	8)	53)	46)	42)	14)	37)	17)	49)	3)	25)	12)	58)	21)	62)	48)
Principal repayment of long-term debt	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(1,995)
Prepayment penalty on long-term debt	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(213)
Proceeds from issuance of convertible senior notes, net of issuance costs	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	1,979)
Purchases of capped calls related to convertible senior notes	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(100)
Net cash provided by (used in) financing activities	(4,850)	328)	2,145)	(1,330)	(5,187)	811)	2,134)	(1,171)	(3,712)	167)	2,286)	(764)	(3,574)	1,446)	2,204)	(146)	(2,323)	2,334)	1,568)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(31)	482)	207)	(354)	319)	(91)	(111)	162)	(142)	53)	79)	289)	(318)	(311)	3)	(51)	(103)	17)	(72)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(3,731)	1,694)	3,990)	(1,438)	(3,992)	1,661)	3,862)	(1,421)	(2,893)	1,109)	3,769)	(156)	(2,982)	2,302)	3,212)	(146)	(2,079)	3,467)	817)

The financial trends observed over the quarterly periods reveal several significant patterns in operating performance, investing, and financing activities.

Profitability and Income Trends: Net income exhibited considerable volatility, with marked losses and gains across quarters. Initial quarters showed heavy losses (e.g., -1172 million USD), followed by an interim recovery with positive net income peaking at 4374 million USD. Subsequently, net income fluctuated, with occasional downturns and recoveries towards the later periods, reaching a positive 1374 million USD by the last reported quarter.
Non-cash Expenses: Depreciation and amortization steadily decreased from 38 million USD to a low of 8 million USD before slightly increasing again in recent quarters. Stock-based compensation expense consistently increased over time, rising from around 229 million USD to peaks exceeding 400 million USD, reflecting possibly increasing employee incentives or equity awards.
Tax and Other Adjustments: Deferred income taxes showed irregular fluctuations, including significant negative adjustments in some periods, such as -2759 million USD in one quarter, indicating tax credits or write-offs. Other adjustments, including impairment, warrant liabilities, and debt extinguishment losses, were sporadic and generally declined or disappeared in later periods.
Operating Cash Flow Activity: Net cash provided by operating activities generally improved over time, rising from under 500 million USD to peaks above 1900 million USD, though with some quarters of decline. Changes in operating assets and liabilities mirrored this pattern, showing positive inflows followed by periods of outflows, indicating fluctuating operational efficiency and working capital management.
Investing Cash Flow Activity: Purchases of short-term investments remained consistently negative, mostly between -600 and -1200 million USD, indicating regular investment activity. Sales and maturities of these investments showed corresponding inflows, although with varying magnitudes. Overall net cash used in investing activities was mostly negative, reflecting net investment outflows, but some quarters showed positive inflows due to maturity proceeds or lower acquisition activity.
Financing Cash Flow Activity: Financing activities showed substantial variation, with periods of both significant cash inflows and outflows. Early quarters included proceeds from long-term debt issuances, while later periods featured large share repurchase programs, often ranging from -490 million to over -1000 million USD, indicating active capital return policies. Changes in funds payable and amounts payable to customers were highly volatile, with large positive and negative swings, reflecting changes in customer balances or payment terms.
Liquidity and Cash Position Changes: Net changes in cash and equivalents fluctuated sharply, influenced by the combination of operating, investing, and financing cash flows, as well as effects from exchange rate changes. Some quarters had substantial cash increases (e.g., around 3500 million USD), while others experienced large decreases exceeding -3900 million USD, indicating significant cash management adjustments and external factors such as currency fluctuations.

In summary, the company’s financial data reflects dynamic operational performance with volatile profitability but improving operating cash flows over time. Investing activities consistently consumed cash primarily through short-term investments, while financing activities reveal aggressive stock repurchases and debt management. The liquidity trends indicate active cash flow management amidst varying external and internal financial pressures.

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Airbnb Inc. (NASDAQ:ABNB)

Cash Flow Statement Quarterly Data

Cash Flow Statement
Quarterly Data