Return on Assets (ROA)
since 2020
Calculation
Airbnb Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 12.63% | = | 100 | × | 2,648) | ÷ | 20,959) |
| Dec 31, 2023 | 23.21% | = | 100 | × | 4,792) | ÷ | 20,645) |
| Dec 31, 2022 | 11.80% | = | 100 | × | 1,893) | ÷ | 16,038) |
| Dec 31, 2021 | -2.57% | = | 100 | × | (352) | ÷ | 13,708) |
| Dec 31, 2020 | -43.70% | = | 100 | × | (4,585) | ÷ | 10,491) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 US$ in millions
The financial data shows notable trends in profitability, asset growth, and return on assets (ROA) over the five-year period.
- Net Income (Loss)
- The net income exhibited a significant turnaround. In 2020, there was a substantial loss of $4,585 million, which drastically reduced to a loss of $352 million in 2021. By 2022, the company returned to profitability with a net income of $1,893 million, followed by a strong increase to $4,792 million in 2023. However, in 2024, net income declined to $2,648 million, indicating some degree of volatility or possibly higher expenses impacting earnings despite maintaining profitability.
- Total Assets
- Total assets increased consistently throughout the period. From $10,491 million in 2020, assets grew each year, reaching $20,959 million in 2024. This near doubling of asset base over five years suggests ongoing investment in resources or acquisitions, implying expansion or strengthening of the asset structure.
- Return on Assets (ROA)
- The ROA percentage mirrored the trend seen in net income, with a very negative ROA of -43.7% in 2020 reflecting heavy losses relative to assets. There was substantial improvement to -2.57% in 2021, followed by positive returns of 11.8% in 2022 and 23.21% in 2023, indicating increasing efficiency in generating earnings from assets. In 2024, ROA decreased to 12.63%, aligning with the reduction in net income and suggesting a moderation in asset utilization efficiency.
Comparison to Competitors
Airbnb Inc., ROA, long-term trends, comparison to competitors
| Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | DoorDash, Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|
| Dec 31, 2024 | 12.63% | 21.23% | 16.67% | 0.96% | 14.90% | 12.00% |
| Dec 31, 2023 | 23.21% | 17.62% | 15.27% | -5.15% | 15.08% | 14.01% |
| Dec 31, 2022 | 11.80% | 12.06% | 12.98% | -13.94% | 12.25% | 11.73% |
| Dec 31, 2021 | -2.57% | 4.93% | 9.81% | -6.87% | 14.01% | 13.38% |
| Dec 31, 2020 | -43.70% | 0.27% | 5.95% | -7.26% | 8.99% | 3.16% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Sector (Consumer Services)
Airbnb Inc., ROA, long-term trends, comparison to sector (consumer services)
| Airbnb Inc. | Consumer Services | |
|---|---|---|
| Dec 31, 2024 | 12.63% | 14.10% |
| Dec 31, 2023 | 23.21% | 14.95% |
| Dec 31, 2022 | 11.80% | 10.21% |
| Dec 31, 2021 | -2.57% | 9.37% |
| Dec 31, 2020 | -43.70% | 0.81% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Comparison to Industry (Consumer Discretionary)
Airbnb Inc., ROA, long-term trends, comparison to industry (consumer discretionary)
| Airbnb Inc. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2024 | 12.63% | 8.12% |
| Dec 31, 2023 | 23.21% | 7.57% |
| Dec 31, 2022 | 11.80% | 4.81% |
| Dec 31, 2021 | -2.57% | 7.99% |
| Dec 31, 2020 | -43.70% | 4.36% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).