Filing Flows › Airbnb (ABNB) › Q4 2025
Airbnb (ABNB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
Airbnb (ABNB) reported revenue of $2.8B for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and -32% from the quarter before. Operating margin was 9.7%, net earnings $341M (12.3% of revenue).
Airbnb, Q4 2025: revenue $2.8B (+12% year over year), operating margin 9.7%, net earnings $341M, operating cash flow $526M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | -32% | +12% |
| Operating profit | $269M | -83% | -37% |
| Net earnings | $341M | -75% | -26% |
| Operating cash flow | $526M | -61% | +13% |
What changed
Revenue was $2.8B in Q4 2025, up 12% year over year and down 32% from the previous quarter.
Operating profit was $0.27B, a 9.7% margin (down 7.7 points year over year). Operating profit fell $0.16B even though revenue rose $0.30B versus a year earlier, so costs grew faster than sales. Total costs grew 22% against revenue growth of 12%. The fastest-growing cost line was General & admin (+66%). Net earnings were $0.34B, down 26% year over year. The effective tax rate was 13.2%. Non-operating items added $0.12B, 32% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.53B (up 13% year over year), 154% of net earnings. Non-cash charges added back $0.41B of share-based compensation. Working capital and other items used $0.23B.
Questions
What was Airbnb's revenue in the fourth quarter 2025?
Airbnb (ABNB) reported revenue of $2.8B for the fourth quarter 2025 (Q4 2025), +12% from a year earlier and -32% from the quarter before.
Was Airbnb profitable in the fourth quarter 2025?
Operating profit was $269M (9.7% of revenue) and net earnings $341M.
Source: Airbnb 10-K on SEC EDGAR.