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Screener / SEC EDGAR /CIK 0001559720 /10-K filed Feb 12, 2026, compared with Feb 13, 2025 /Numbers from the XBRL of the 10-Ks
Consumer discretionary peers:
ULTACMGABNBDRIHLTLVS
Nasdaq Consumer discretionary · Building Services

Airbnb ABNB

ABNB quote by TradingView
Employees
8,200
Headquarters
San Francisco, CA
CEO
Brian Chesky
Next results
around Feb 11, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $12.2B through the costs to a net profit of $2.5B · income statement of the 10-K

21% operating margin
Revenue to Gross profit: $10.2BRevenue to Cost of revenue: $2.1BGross profit to Operating profit: $2.5BGross profit to Operating expenses: $7.6BOperating profit to Net profit: $1.9BOperating profit to Tax: $626.0MOther income to Net profit: $593.0MOperating expenses to R&D: $2.4BOperating expenses to Sales, admin & other: $5.3B Revenue: $12.2B REVENUE $12.2B +10% Y/Y Gross profit: $10.2B · 83% margin GROSS PROFIT $10.2B 83% margin Cost of revenue: $2.1B · 17% of revenue COST OF REVENUE $2.1B 17% of revenue Operating profit: $2.5B · 21% margin OPERATING PROFIT $2.5B 21% margin · +0% Y/Y Other income: $593.0M · 5% of revenue OTHER INCOME $593.0M 5% of revenue Operating expenses: $7.6B · 62% of revenue OPERATING EXPENSES $7.6B 62% of revenue Net profit: $2.5B · 21% margin NET PROFIT $2.5B 21% margin · −5% Y/Y Tax: $626.0M · 5% of revenue TAX $626.0M 5% of revenue R&D: $2.4B · 19% of revenue R&D $2.4B 19% of revenue Sales, admin & other: $5.3B · 43% of revenue SALES, ADMIN & OTHER $5.3B 43% of revenue
Gross profit $10.2B 83% margin
Operating profit $2.5B 21% margin · +0% Y/Y
Net profit $2.5B 21% margin · −5% Y/Y
The full income statement, year by year

ABNB among Consumer discretionary peers

Six ratios from the latest 10-K. Each corner is the share of 46 peers the company is above, not a score.

Compare
Revenue growth: 10.3%, above 80% of 46 peers (their median 5.2%) REVENUE GROWTH 10.3% · above 80% Gross margin: 83.1%, above 100% of 30 peers (their median 40.7%) GROSS MARGIN 83.1% · above 100% Operating margin: 22.5%, above 77% of 39 peers (their median 15.8%) OPERATING MARGIN 22.5% · above 77% Net margin: 23.0%, above 89% of 46 peers (their median 10.8%) NET MARGIN 23.0% · above 89% Return on capital: 17.4%, above 38% of 24 peers (their median 22.8%) RETURN ON CAPITAL 17.4% · above 38%
ABNB Peer median Below the median

What changed

7 new risk paragraphs. 10-K filed Feb 12, 2026 against Feb 13, 2025.

Risk factors
7 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
9 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

9 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 9 checks found nothing to note

  • Cash from operations $4.6B vs net income $2.5B (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
6 more checks with nothing to note
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Uncertain Tax Positions
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

7 paragraphs in Risk Factors that were not in the 10-K filed Feb 13, 2025. Quoted as filed.

All 7 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    The U.S. federal and state governments, countries in the European Union, and a number of other countries and organizations such as the Organization for Economic Cooperation and Development (the “OECD”), are actively considering changes to existing tax laws that could increase our tax obligations in jurisdictions where we do business.…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    The regulatory and intellectual property frameworks governing the use and protection of AI and ML Technologies and its outputs are rapidly evolving, and we cannot predict how future legislation and regulation will impact our ability to offer and protect products or services that we develop which leverage AI and ML Technologies.…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
    Airbnb does not meet the thresholds to be designated as a gatekeeper platform for the purposes of the Digital Markets Act, although this could change in the future. Compliance with these evolving regulations and such designation may increase operational costs and materially adversely affect our business, results of operations, and…

New risk paragraphs, against peers

Latest 10-K of each, Consumer discretionary companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$8.4B$9.9B$11.1B$12.2B
Net income$1.9B$4.8B$2.6B$2.5B
Operating cash flow$3.4B$3.9B$4.5B$4.6B
Free cash flow$3.4B

Revenue, FY2019 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$12.2B ▲ 10.3% in FY2025

FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

Airbnb, San Francisco, CA · from the 10-K filed Feb 12, 2026

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.

Headquarters
San Francisco, CA
Country
United States
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Nov 5, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 31, 2025, we had approximately 8,200 employees" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 12, 2026 (open at SEC), compared with the 10-K filed Feb 13, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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