Filing Flows › Airbnb (ABNB) › Q2 2025
Airbnb (ABNB) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Airbnb (ABNB) reported revenue of $3.1B for the second quarter 2025 (Q2 2025), +13% from a year earlier and +36% from the quarter before. Operating margin was 19.8%, net earnings $642M (20.7% of revenue).
Airbnb, Q2 2025: revenue $3.1B (+13% year over year), operating margin 19.8%, net earnings $642M, operating cash flow $975M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1B | +36% | +13% |
| Operating profit | $612M | 16× | +23% |
| Net earnings | $642M | +317% | +16% |
| Operating cash flow | $975M | -46% | -7% |
What changed
Revenue was $3.1B in Q2 2025, up 13% year over year and up 36% from the previous quarter.
Operating profit was $0.61B, a 19.8% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 18% margin then. Total costs grew 10% against revenue growth of 13%. The fastest-growing cost line was Sales & marketing (+21%). Net earnings were $0.64B, up 16% year over year. The effective tax rate was 17.6%. Non-operating items added $0.17B, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.0B (down 7% year over year), 152% of net earnings. Non-cash charges added back $0.42B of share-based compensation. Working capital and other items used $0.09B.
Questions
What was Airbnb's revenue in the second quarter 2025?
Airbnb (ABNB) reported revenue of $3.1B for the second quarter 2025 (Q2 2025), +13% from a year earlier and +36% from the quarter before.
Was Airbnb profitable in the second quarter 2025?
Operating profit was $612M (19.8% of revenue) and net earnings $642M.
Source: Airbnb 10-Q on SEC EDGAR.