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Airbnb (ABNB) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Airbnb (ABNB) Q3 2026 earnings results →

Q3 2026 Revenue up 19% year over year to $4.9B · 39¢ of every $1 of revenue kept as net profit · operating margin 41.5%

Airbnb made $4.9B in Q3 2026 (+19% Y/Y). Operating margin 41.5%, net earnings $1.9B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$4.9B
Year over year+19%
Operating margin41.5%
Net earnings$1.9B
Operating cash flow$1.5B

Drawing the Sankey…

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Airbnb Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Airbnb Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $4.9B in Q3 2026, up 19% year over year and up 35% from the previous quarter.

Operating profit was $2.0B, a 41.5% margin (up 1.8 points year over year). Of the extra revenue versus Q3 2025, 51% reached operating profit, above the 40% margin then. Total costs grew 15% against revenue growth of 19%. The fastest-growing cost line was Sales & marketing (+19%). Net earnings were $1.9B, up 38% year over year. The effective tax rate was 13.0%.

Operating cash flow was $1.5B (up 11% year over year), 80% of net earnings. Non-cash charges added back $0.46B of share-based compensation. Working capital and other items used $0.84B.

Quarterly history

Airbnb revenue by quarterAirbnb revenue by quarter$2.3BQ1 2025$3.1BQ2 2025$4.1BQ3 2025$2.8BQ4 2025$2.7BQ1 2026$3.6BQ2 2026$4.9BQ3 2026
Airbnb net earnings by quarterAirbnb net earnings by quarter$154MQ1 2025$642MQ2 2025$1.4BQ3 2025$341MQ4 2025$160MQ1 2026$816MQ2 2026$1.9BQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$4.9B+19%41.5%$1.9B$1.5B
Q2 202610-QAug 6, 2026$3.6B+16%21.0%$816M$1.3B
Q1 202610-QMay 7, 2026$2.7B+18%3.2%$160M$1.7B
Q4 202510-KFeb 12, 2026$2.8B+12%9.7%$341M$526M
Q3 202510-QNov 6, 2025$4.1B+10%39.7%$1.4B$1.4B
Q2 202510-QAug 6, 2025$3.1B+13%19.8%$642M$975M
Q1 202510-QMay 1, 2025$2.3B+6%1.7%$154M$1.8B

Charts

Airbnb: revenue growth, year over year and quarter over quarterAirbnb: revenue growth, year over year and quarter over quarterY/YQ/Q+6%Q1 2025+13%+36%Q2 2025+10%+32%Q3 2025+12%-32%Q4 2025+18%-4%Q1 2026+16%+35%Q2 2026+19%+35%Q3 2026
Latest (Q3 2026): Y/Y +19%, Q/Q +35%.
Airbnb: where the cash came from (+) and went (−), TTM to Q3 2026Airbnb: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$5.0BBuybacks−$3.9BOther investing−$1.3BOther financing$804MTaxes on employees’ shares−$664MShares issued$246MExchange rates−$156MCash drawn (+) / kept (−)$23.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Airbnb: profit against cash, quarter by quarterAirbnb: profit against cash, quarter by quarterNet incomeOperating cash flow$461M$466MQ4 2024$154M$1.8BQ1 2025$642M$975MQ2 2025$1.4B$1.4BQ3 2025$341M$526MQ4 2025$160M$1.7BQ1 2026$816M$1.3BQ2 2026$1.9B$1.5BQ3 2026
Latest (Q3 2026): Net income $1.9B, Operating cash flow $1.5B.
Airbnb: diluted shares by fiscal year (split-adjusted)Airbnb: diluted shares by fiscal year (split-adjusted)568MFY2020616MFY2021680MFY2022662MFY2023645MFY2024623MFY2025
+9.7% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 2-for-1 split before FY2021.
Airbnb in its industry: growth against margin (6 companies, SIC 7340)Airbnb in its industry: growth against margin (6 companies, SIC 7340)revenue growth, year over year →↑ operating marginmedian +6%median 20%APGABMROLFTDRARAIABNB (+19%, 42%)
Services-To Dwellings & Other Buildings; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Airbnb

Airbnb was founded in 2007 when two hosts welcomed three guests to their San Francisco home, and has since grown into a global community of over 5 million hosts who have welcomed over 2.5 billion guest arrivals in almost every country and region across the globe. Every day, hosts offer unique stays, experiences, and services that enable guests to connect with communities in a more authentic way. We operate a global marketplace connecting guests with stays, experiences, and services, collectively in over 220 countries and regions. Our offerings have expanded to include services and redesigned experiences, which launched in May 2025.

In its own words, from its 10-K, filed Feb 12, 2026.

Airbnb against its Services-To Dwellings & Other Buildings peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +19% against the peers' median +6%. Operating margin: 41.5% against the peers' median 20.5%.

CompanyQuarterRevenueY/YOp. margin
ABNB AirbnbQ3 2026$4.9B+19%41.5%
APG APi GroupQ3 2026$2.6B+22%7.9%
ABM ABM IndustriesQ3 FY26$2.3B+4%3.9%
ROL RollinsQ3 2026$1.1B+6%20.5%
FTDR FrontdoorQ3 2026$655M+6%23.5%
ARAI Arrive AIQ2 2026$15K-84%n/m

Source: Airbnb 10-Q on SEC EDGAR · CIK 1559720 · Services-To Dwellings & Other Buildings

Guidance and outlook

Airbnb: what its forward-looking statements are about (10-Q filed 2026-11-05)Airbnb: what its forward-looking statements are about (10-Q filed 2026-11-05)Other2Products1Financing1
4 statements; tone +0.25 (−1 all cautious, +1 all confident); 1 hedged.
Airbnb: outlook statements against the filing beforeAirbnb: outlook statements against the filing beforeConfident1

13F: who owns ABNB and who is buying

Largest holders of ABNB (13F)Largest holders of ABNB (13F)Vanguard Group$5.2BBlackRock$4.7BVanguard Capital Management LLC$3.8BHarris Associates L P$2.7BState Street$2.6BInvesco$2.3BAQR Capital Management LLC$1.5BGeode Capital Management, LLC$1.5BMorgan Stanley$1.4BVanguard Portfolio Management LLC$1.1B
Funds' net buying of ABNB by quarter (13F)Funds' net buying of ABNB by quarter (13F)$269M2024-09−$600M2024-12$1.0B2025-03$24.1M2025-06$705M2025-09$2.2B2025-12−$988M2026-03$875M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ABNB

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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