Cash flow Airbnb, Inc. Toronto S.E.

Stocks

ABNB

CA00925E1016

Internet Services

Delayed Toronto S.E. 23:59:30 07/10/2026 +04			5-day change	1st Jan Change
26.62 ^CAD	+0.15%		0.00%	+16.14%

04:02pm	Evercore ISI Adjusts Price Target on Airbnb to $200 From $155	MT
01:11pm	Analyst recommendations: Constellation Brands, Etsy, Micron, Palantir, Hilton…

3d2fecc11ece0952.DwPvNZSLPaUYwuD95StBUHdMIqP-6BSD9-L_5HW4VtU.Y3mGbf7gDsBSr7iQk1NyP0M8F-KKm2PyraqItwyKBoNbc5Z62Ptv31KruQ

Published financial data: AIRBNB, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	5.99B	8.4B	9.92B	11.1B	12.24B
Total Revenues	5.99B	8.4B	9.92B	11.1B	12.24B
Cost of Goods Sold, Total	1.16B	1.5B	1.7B	1.88B	2.09B
Gross Profit	4.84B	6.9B	8.21B	9.22B	10.16B
Selling General & Admin Expenses, Total	2.95B	3.5B	4.97B	4.38B	4.95B
R&D Expenses	1.43B	1.5B	1.72B	2.06B	2.35B
Other Operating Expenses	-	-	-	237M	305M
Other Operating Expenses, Total	4.38B	5.01B	6.7B	6.67B	7.61B
Operating Income	460M	1.89B	1.52B	2.55B	2.54B
Interest Expense, Total	-438M	-24M	-83M	-	-
Interest And Investment Income	12.73M	186M	721M	818M	705M
Net Interest Expenses	-425M	162M	638M	818M	705M
Income (Loss) On Equity Invest.	-3.5M	-5.4M	-	-	-
Currency Exchange Gains (Loss)	-5.1M	29.5M	-48M	29M	-35M
Other Non Operating Income (Expenses)	-301M	-58.2M	-	-24M	-47M
EBT, Excl. Unusual Items	-274M	2.02B	2.11B	3.38B	3.17B
Restructuring Charges	-113M	-89M	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	5.17M	59.1M	-6M	-45M	-30M
Asset Writedown	-	-2.5M	-	-	-
Legal Settlements	81.7M	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-300M	1.99B	2.1B	3.33B	3.14B
Income Tax Expense	51.83M	96M	-2.69B	683M	626M
Earnings From Continuing Operations	-352M	1.89B	4.79B	2.65B	2.51B
Net Income to Company	-352M	1.89B	4.79B	2.65B	2.51B
Net Income - (IS)	-352M	1.89B	4.79B	2.65B	2.51B
Net Income to Common Incl Extra Items	-352M	1.89B	4.79B	2.65B	2.51B
Net Income to Common Excl. Extra Items	-352M	1.89B	4.79B	2.65B	2.51B
Per Share Items
Net EPS - Basic	-0.57	2.97	7.52	4.19	4.1
Basic EPS - Continuing Operations	-0.57	2.97	7.52	4.19	4.1
Basic Weighted Average Shares Outstanding	616M	637M	637M	632M	613M
Net EPS - Diluted	-0.57	2.79	7.24	4.11	4.04
Diluted EPS - Continuing Operations	-0.57	2.79	7.24	4.11	4.04
Diluted Weighted Average Shares Outstanding	616M	680M	662M	645M	623M
Normalized Basic EPS	-0.28	1.98	2.07	3.34	3.23
Normalized Diluted EPS	-0.28	1.86	1.99	3.27	3.18
American Depositary Receipts Ratio (ADR)	0.05	0.05	0.05	0.05	0.05
Supplemental Items
EBITDA	532M	1.95B	1.55B	2.58B	2.57B
EBITA	484M	1.91B	1.53B	2.55B	2.54B
EBIT	460M	1.89B	1.52B	2.55B	2.54B
EBITDAR	632M	2.05B	1.63B	2.66B	2.65B
Effective Tax Rate - (Ratio)	-17.26	4.83	-127.97	20.5	19.96
Current Domestic Taxes	6.94M	29M	27M	126M	105M
Current Foreign Taxes	33.95M	68M	158M	124M	145M
Total Current Taxes	40.89M	97M	185M	250M	250M
Deferred Domestic Taxes	98K	-	-2.87B	433M	383M
Deferred Foreign Taxes	10.84M	-1M	-4M	-	-7M
Total Deferred Taxes	10.94M	-1M	-2.88B	433M	376M
Normalized Net Income	-171M	1.26B	1.32B	2.11B	1.98B
Interest on Long-Term Debt	209M	4.2M	4M	-	-
Supplemental Operating Expense Items
Advertising Expense	-	-	-	1.1B	843M
Marketing Expenses	723M	1.03B	1.21B	355M	752M
Selling and Marketing Expenses	1.19B	1.52B	1.76B	2.15B	2.59B
General and Administrative Expenses	835M	948M	2.02B	948M	1.04B
Research And Development Expense From Footnotes	1.43B	1.5B	1.72B	2.06B	2.35B
Net Rental Expense, Total	99.55M	100M	80M	74M	80M
Imputed Operating Lease Interest Expense	147M	8.07M	22.87M	-	-
Imputed Operating Lease Depreciation	-47.24M	91.93M	57.13M	-	-
Stock-Based Comp., R&D Exp. (Total)	545M	548M	694M	886M	1.02B
Stock-Based Comp., S&M Exp. (Total)	99.97M	114M	130M	170M	212M
Stock-Based Comp., G&A Exp. (Total)	205M	205M	228M	261M	273M
Stock-Based Comp., SG&A Exp. (Total)	48.47M	63M	68M	90M	90M
Stock-Based Comp., Other (Total)	-17K	-	-	-	-
Total Stock-Based Compensation	899M	930M	1.12B	1.41B	1.59B

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	6.07B	7.38B	6.87B	6.86B	6.56B
Short Term Investments	2.26B	2.24B	3.2B	3.75B	4.45B
Total Cash And Short Term Investments	8.32B	9.62B	10.07B	10.61B	11.01B
Accounts Receivable, Total	112M	161M	205M	147M	186M
Total Receivables	112M	161M	205M	147M	186M
Prepaid Expenses	196M	264M	313M	-	-
Restricted Cash	14.76M	17M	24M	-	-
Other Current Assets, Total	3.74B	4.8B	5.9B	6.42B	7.6B
Total Current Assets	12.39B	14.86B	16.51B	17.18B	18.8B
Gross Property Plant And Equipment	808M	571M	389M	310M	313M
Accumulated Depreciation	-379M	-312M	-110M	-88M	-89M
Net Property Plant And Equipment	429M	259M	279M	222M	224M
Long-term Investments	85.44M	79M	87M	-	-
Goodwill	653M	650M	752M	750M	754M
Other Intangibles, Total	52.31M	34M	40M	96M	49M
Deferred Tax Assets Long-Term	-	-	2.88B	2.44B	2.1B
Other Long-Term Assets, Total	103M	155M	97M	272M	282M
Total Assets	13.71B	16.04B	20.64B	20.96B	22.21B
Liabilities
Accounts Payable, Total	118M	137M	141M	142M	232M
Accrued Expenses, Total	1.04B	1B	1.56B	1.55B	1.72B
Current Portion of Long-Term Debt	-	-	-	-	2B
Current Portion of Leases	63.48M	59M	61M	63M	68M
Current Income Taxes Payable	25.11M	-	-	-	-
Unearned Revenue Current, Total	1B	1.32B	1.43B	1.62B	1.74B
Other Current Liabilities	4.11B	5.46B	6.77B	6.79B	7.88B
Total Current Liabilities	6.36B	7.98B	9.95B	10.16B	13.65B
Long-Term Debt	1.98B	1.99B	1.99B	2B	-
Long-Term Leases	372M	295M	252M	236M	204M
Other Non Current Liabilities	218M	218M	287M	155M	156M
Total Liabilities	8.93B	10.48B	12.48B	12.55B	14.01B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	63K	-	-	-	-
Additional Paid In Capital	11.14B	11.56B	11.64B	12.6B	13.76B
Retained Earnings	-6.36B	-5.96B	-3.42B	-4.22B	-5.5B
Comprehensive Income and Other	-6.89M	-32M	-49M	35M	-62M
Total Common Equity	4.78B	5.56B	8.16B	8.41B	8.2B
Total Equity	4.78B	5.56B	8.16B	8.41B	8.2B
Total Liabilities And Equity	13.71B	16.04B	20.64B	20.96B	22.21B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	634M	631M	638M	621M	600M
ECS Total Common Shares Outstanding	634M	631M	638M	623M	602M
Book Value / Share	7.54	8.81	12.8	13.5	13.62
Tangible Book Value	4.07B	4.88B	7.37B	7.57B	7.4B
Tangible Book Value Per Share	6.43	7.73	11.56	12.14	12.29
Total Debt	2.42B	2.34B	2.3B	2.29B	2.27B
Net Debt	-5.9B	-7.28B	-7.77B	-8.32B	-8.74B
Debt Equivalent Oper. Leases	796M	800M	640M	592M	640M
Equity Method Investments, Total	-	-	8M	-	-
Account Code - Inventory Valuation	3	3	3	3	-
Buildings, Total	16.84M	17M	-	17M	-
Machinery, Total	99.68M	55M	47M	23M	-
Full Time Employees	6.13K	6.81K	6.91K	7.3K	8.2K
Accumulated Allowance for Doubtful Accounts (Supple)	30.87M	39M	44M	28M	39M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	-352M	1.89B	4.79B	2.65B	2.51B
Depreciation & Amortization - CF	48.42M	34.3M	18M	31M	30M
Amortization of Goodwill and Intangible Assets - (CF)	23.6M	19.1M	13M	-	-
Depreciation & Amortization, Total	72.02M	53.4M	31M	31M	30M
Amortization of Deferred Charges, Total - (CF)	74.74M	27.6M	13M	34M	61M
(Gain) Loss on Sale of Investments - (CF)	-5.17M	-2M	-	-	-
Asset Writedown & Restructuring Costs	113M	91M	-	-	-
Stock-Based Compensation (CF)	899M	930M	1.12B	1.41B	1.59B
Provision and Write-off of Bad Debts	27.28M	49M	-	-	-
Other Operating Activities, Total	724M	69M	-2.79B	465M	558M
Change In Accounts Payable	39.95M	20M	-	-	-
Change in Unearned Revenues	496M	280M	242M	200M	122M
Change in Other Net Operating Assets	102M	19M	478M	-267M	-228M
Cash from Operations	2.19B	3.43B	3.88B	4.52B	4.65B
Capital Expenditure	-25.32M	-25M	-	-	-
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-1.33B	-1M	-928M	-541M	-702M
Other Investing Activities, Total	500K	-2M	-114M	-75M	-46M
Cash from Investing	-1.35B	-28M	-1.04B	-616M	-748M
Long-Term Debt Issued, Total	1.98B	-	-	-	-
Total Debt Issued	1.98B	-	-	-	-
Long-Term Debt Repaid, Total	-2B	-	-	-	-
Total Debt Repaid	-2B	-	-	-	-
Issuance of Common Stock	188M	88M	110M	168M	122M
Repurchase of Common Stock	-53.96M	-2.11B	-3.48B	-4.06B	-4.35B
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	1.31B	1.33B	936M	320M	401M
Cash from Financing	1.43B	-689M	-2.43B	-3.57B	-3.83B
Foreign Exchange Rate Adjustments	-210M	-337M	152M	-237M	655M
Net Change in Cash	2.06B	2.38B	564M	93M	726M
Supplemental Items
Cash Interest Paid	49.89M	8M	55M	2M	2M
Cash Income Tax Paid (Refund)	17.29M	68M	132M	350M	232M
Levered Free Cash Flow	735M	2.6B	2.83B	3.15B	3.54B
Unlevered Free Cash Flow	1B	2.62B	2.88B	3.15B	3.54B
Change In Net Working Capital	299M	-448M	-771M	-78M	-270M
Net Debt Issued / Repaid	-15.83M	-	-	-	-

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	2.38	7.96	5.17	7.67	7.37
Return on Total Capital	4.63	15.68	10.33	15.07	15.02
Return On Equity %	-9.17	36.63	69.83	31.95	30.23
Return on Common Equity	-9.17	36.63	69.83	31.95	30.23
Margin Analysis
Gross Profit Margin %	80.71	82.15	82.83	83.08	82.96
SG&A Margin	49.24	41.73	50.16	39.43	40.45
EBITDA Margin %	8.89	23.18	15.62	23.28	21.03
EBITA Margin %	8.08	22.77	15.44	23	20.78
EBIT Margin %	7.68	22.54	15.31	23	20.78
Income From Continuing Operations Margin %	-5.88	22.54	48.32	23.85	20.51
Net Income Margin %	-5.88	22.54	48.32	23.85	20.51
Net Avail. For Common Margin %	-5.88	22.54	48.32	23.85	20.51
Normalized Net Income Margin	-2.86	15.04	13.29	19.01	16.17
Levered Free Cash Flow Margin	12.27	30.98	28.56	28.33	28.94
Unlevered Free Cash Flow Margin	16.69	31.16	29.08	28.33	28.94
Asset Turnover
Asset Turnover	0.5	0.56	0.54	0.53	0.57
Fixed Assets Turnover	11.07	24.42	36.87	46.84	54.89
Receivables Turnover (Average Receivables)	56.83	61.53	54.19	63.08	73.52
Short Term Liquidity
Current Ratio	1.95	1.86	1.66	1.69	1.38
Quick Ratio	1.33	1.23	1.03	1.06	0.82
Operating Cash Flow to Current Liabilities	0.34	0.43	0.39	0.44	0.34
Days Sales Outstanding (Average Receivables)	6.42	5.93	6.74	5.8	4.96
Average Days Payable Outstanding	31.3	31.05	29.79	27.58	32.72
Long Term Solvency
Total Debt/Equity	50.64	42.1	28.22	27.27	27.7
Total Debt / Total Capital	33.62	29.63	22.01	21.43	21.69
LT Debt/Equity	49.31	41.04	27.47	26.52	2.49
Long-Term Debt / Total Capital	32.73	28.88	21.43	20.84	1.95
Total Liabilities / Total Assets	65.16	65.33	60.45	59.86	63.08
EBIT / Interest Expense	1.05	78.9	18.29	-	-
EBITDA / Interest Expense	1.44	85.29	19.63	-	-
(EBITDA - Capex) / Interest Expense	1.39	84.25	19.63	-	-
Total Debt / EBITDA	3.83	1.14	1.41	0.86	0.86
Net Debt / EBITDA	-9.34	-3.56	-4.77	-3.13	-3.29
Total Debt / (EBITDA - Capex)	3.99	1.16	1.41	0.86	0.86
Net Debt / (EBITDA - Capex)	-9.73	-3.6	-4.77	-3.13	-3.29
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	77.37	40.17	18.07	11.95	10.26
Gross Profit, 1 Yr. Growth %	93.27	42.68	19.04	12.3	10.09
EBITDA, 1 Yr. Growth %	-116.11	217.24	-20.4	66.82	-0.39
EBITA, 1 Yr. Growth %	-114.36	238.09	-19.93	68.18	-0.35
EBIT, 1 Yr. Growth %	-113.51	249.35	-19.81	68.18	-0.35
Earnings From Cont. Operations, 1 Yr. Growth %	-92.32	-637.78	153.14	-44.74	-5.17
Net Income, 1 Yr. Growth %	-92.32	-637.78	153.14	-44.74	-5.17
Normalized Net Income, 1 Yr. Growth %	-93.75	-936.33	1.1	60.61	-6.19
Diluted EPS Before Extra, 1 Yr. Growth %	-96.45	-588.2	159.64	-43.23	-1.86
Accounts Receivable, 1 Yr. Growth %	12.54	43.75	27.33	-28.29	26.53
Net Property, Plant and Equip., 1 Yr. Growth %	-34.49	-39.63	7.72	-11.9	0.9
Total Assets, 1 Yr. Growth %	30.66	17	28.73	1.52	5.96
Tangible Book Value, 1 Yr. Growth %	87.59	19.8	51.21	2.99	-2.25
Common Equity, 1 Yr. Growth %	64.58	16.44	46.85	3.03	-2.53
Cash From Operations, 1 Yr. Growth %	-447.72	48.29	13.24	16.32	2.83
Capital Expenditures, 1 Yr. Growth %	-32.24	0	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-56.61	234.64	7.79	9.08	12.63
Unlevered Free Cash Flow, 1 Yr. Growth %	-43.91	148.94	9.15	9.08	12.63
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.67	57.68	28.65	14.97	11.1
Gross Profit, 2 Yr. CAGR %	15.76	66.07	30.33	15.62	11.19
EBITDA, 2 Yr. CAGR %	17.9	-23.6	58.83	15.23	29.45
EBITA, 2 Yr. CAGR %	4.86	-25.03	64.47	16.13	29.46
EBIT, 2 Yr. CAGR %	-2.7	-25.8	67.35	16.13	29.46
Earnings From Cont. Operations, 2 Yr. CAGR %	-27.75	-35.75	268.97	18.27	-27.61
Net Income, 2 Yr. CAGR %	-27.75	-35.75	268.97	18.27	-27.61
Normalized Net Income, 2 Yr. CAGR %	-17.94	-32.65	252.14	27.4	22.75
Diluted EPS Before Extra, 2 Yr. CAGR %	-53.01	-58.43	256.03	21.4	-25.36
Accounts Receivable, 2 Yr. CAGR %	-	27.39	35.29	-4.45	-4.75
Net Property, Plant and Equip., 2 Yr. CAGR %	-21	-37.08	-19.36	-7.42	-5.72
Total Assets, 2 Yr. CAGR %	28.44	23.64	22.72	14.32	3.72
Tangible Book Value, 2 Yr. CAGR %	61.4	49.9	34.59	24.57	0.34
Common Equity, 2 Yr. CAGR %	143.16	38.42	30.76	23	0.21
Cash From Operations, 2 Yr. CAGR %	213.55	115.29	29.58	14.77	9.37
Capital Expenditures, 2 Yr. CAGR %	-55.07	-17.8	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	58.17	25.29	87.83	9.11	11.09
Unlevered Free Cash Flow, 2 Yr. CAGR %	82.57	21.76	63.68	9.11	11.09
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	17.94	20.46	43.19	22.82	13.38
Gross Profit, 3 Yr. CAGR %	20.15	24.11	48.62	24.02	13.75
EBITDA, 3 Yr. CAGR %	81.71	71.93	-22.56	61.45	9.77
EBITA, 3 Yr. CAGR %	128.18	63.17	-23.37	65.23	10.35
EBIT, 3 Yr. CAGR %	190.7	57.32	-23.86	67.63	10.35
Earnings From Cont. Operations, 3 Yr. CAGR %	175.37	41.07	1.48	95.94	9.87
Net Income, 3 Yr. CAGR %	175.37	41.07	1.48	95.94	9.87
Normalized Net Income, 3 Yr. CAGR %	79.99	70.58	-22.08	170.8	15.04
Diluted EPS Before Extra, 3 Yr. CAGR %	105.59	2.53	-23.45	93.06	13.09
Accounts Receivable, 3 Yr. CAGR %	-	-	27.37	9.49	4.93
Net Property, Plant and Equip., 3 Yr. CAGR %	11.48	-27.75	-24.73	-19.72	-4.72
Total Assets, 3 Yr. CAGR %	27.51	24.5	25.31	15.2	11.46
Tangible Book Value, 3 Yr. CAGR %	69.5	46.13	50.33	22.96	14.9
Common Equity, 3 Yr. CAGR %	109.78	90.23	41.18	20.77	13.82
Cash From Operations, 3 Yr. CAGR %	54.34	148.79	73.79	25	10.64
Capital Expenditures, 3 Yr. CAGR %	-34.62	-41.59	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-	106.9	19.54	57.66	10.27
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	105.85	17.77	42.97	10.27
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	26.81	22.12	18.23	29.37
Gross Profit, 5 Yr. CAGR %	-	29.24	24.12	20.64	32.34
EBITDA, 5 Yr. CAGR %	-	178.98	77.17	46.49	-5.05
EBITA, 5 Yr. CAGR %	-	111.72	106.53	42.13	-5.65
EBIT, 5 Yr. CAGR %	-	87.66	140.81	39.32	-5.85
Earnings From Cont. Operations, 5 Yr. CAGR %	-	93.35	209.55	31.46	-11.35
Net Income, 5 Yr. CAGR %	-	93.35	209.55	31.46	-11.35
Normalized Net Income, 5 Yr. CAGR %	-	102.68	113.94	52.66	-6.6
Diluted EPS Before Extra, 5 Yr. CAGR %	-	58.98	156.08	9.7	-24.22
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	13.4
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-2.05	-20.22	-19.3
Total Assets, 5 Yr. CAGR %	-	-	25.57	20.32	16.18
Tangible Book Value, 5 Yr. CAGR %	-	-	54.56	37.09	27.79
Common Equity, 5 Yr. CAGR %	-	-	73.64	59.78	23.09
Cash From Operations, 5 Yr. CAGR %	-	68.67	45.5	82.57	44.4
Capital Expenditures, 5 Yr. CAGR %	-	-24.25	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	60.66	16.4
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	59.99	14.95