7 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 29.4% per year over the past 5 years.
Operating margin has expanded, at 20.8% in the latest year.
Free cash flow has grown 227.1% per year over the past 5 years.
Financial health
The company holds more cash ($6.6B) than total debt ($2.0B).
Total debt has grown slower than revenue (1.8% vs 29.4% per year).
Total debt is 0.8× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$12.2B
$2.5B
83.0%
20.8%
—
$2.0B
$6.6B
2024
$11.1B
$2.6B
83.1%
23.0%
—
$2.0B
$6.9B
2023
$9.9B
$4.8B
82.8%
15.3%
—
$2.0B
$6.9B
2022
$8.4B
$1.9B
82.2%
21.5%
$3.4B
$2.0B
$7.4B
2021
$6.0B
-$352M
80.7%
7.2%
$2.3B
$2.0B
$6.1B
2020
$3.4B
-$4.6B
74.1%
-106.3%
-$777M
$1.8B
$5.5B
2019
$4.8B
-$674M
75.1%
-10.4%
$97M
—
$2.0B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$2.7B
$160M
78.3%
3.2%
—
$2.5B
$7.0B
Dec '25
$2.8B
$341M
82.5%
9.7%
—
$2.0B
$6.6B
Sep '25
$4.1B
$1.4B
86.6%
39.7%
—
$2.0B
$7.5B
Jun '25
$3.1B
$642M
82.4%
19.8%
—
$2.0B
$7.4B
Mar '25
$2.3B
$154M
77.7%
1.7%
—
$2.0B
$7.6B
Dec '24
$2.5B
$461M
82.8%
17.3%
—
$2.0B
$6.9B
Sep '24
$3.7B
$1.4B
87.5%
40.9%
—
$2.0B
$7.7B
Jun '24
$2.7B
$555M
81.6%
18.1%
—
$2.0B
$7.9B
Mar '24
$2.1B
$264M
77.6%
4.7%
—
$2.0B
$7.8B
Dec '23
$2.2B
-$349M
82.7%
-22.4%
—
$2.0B
$6.9B
Sep '23
$3.4B
$4.4B
86.5%
44.0%
$1.3B
$2.0B
$8.2B
Jun '23
$2.5B
$650M
82.6%
21.1%
$900M
$2.0B
$7.9B
Mar '23
$1.8B
$117M
76.5%
-0.3%
$1.6B
$2.0B
$8.2B
Dec '22
$1.9B
$319M
81.9%
12.4%
$455M
$2.0B
$7.4B
Sep '22
$2.9B
$1.2B
86.1%
41.7%
$958M
$2.0B
$7.5B
Jun '22
$2.1B
$379M
81.5%
17.5%
$796M
$2.0B
$7.8B
Mar '22
$1.5B
-$19M
75.9%
-0.3%
$1.2B
$2.0B
$6.9B
Dec '21
$1.5B
$55M
80.7%
4.9%
$378M
$2.0B
$6.1B
Sep '21
$2.2B
$834M
86.1%
38.1%
$529M
$2.0B
$6.0B
Jun '21
$1.3B
-$68M
77.9%
-3.8%
$782M
$2.0B
$5.7B
Valuation over time
How the market has priced ABNB against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 39.3× (Mar '23) to 33.8× (Jun '26).
The price-to-sales ratio has fallen from 8.9× (Mar '23) to 6.9× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is ABNB growing its revenue and profit?
Over the past 5 years, Airbnb's revenue has grown 29.4% per year. These are computed facts, not advice.
How much debt does ABNB have?
As of FY2025, Airbnb reported $2.0B of total debt against $6.6B of cash.
What is ABNB's profit margin?
In FY2025, gross margin was 83.0%, operating margin 20.8%, and net margin 20.5%.
What is ABNB's P/E ratio?
As of Jun '26, Airbnb traded at a price-to-earnings ratio of about 33.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.