10-QPeriod: Q2 FY2026

Airbnb, Inc. Quarterly Report for Q2 Ended Jun 30, 2026

Filed August 6, 2026For Securities:ABNB

Summary

Airbnb, Inc. (ABNB) demonstrated robust financial performance for the quarter and first six months ended June 30, 2026. Revenue saw a significant increase of 17% year-over-year for both periods, driven by growth in Nights and Seats Booked and an improved Average Daily Rate (ADR). Net income also showed strong growth, up 27% for the quarter and 23% for the six-month period. This profitability surge was supported by revenue growth outpacing operating expense increases, alongside a notable tax benefit. Liquidity remains strong with cash, cash equivalents, and short-term investments totaling $12.1 billion as of June 30, 2026. The company generated substantial cash from operations, with Free Cash Flow reaching $1.3 billion for the quarter. Airbnb continues to return capital to shareholders through a significant share repurchase program, buying back $1.1 billion in the quarter. Management highlighted potential impacts from macroeconomic conditions but stated these have not materially affected results to date.

Key Highlights

  • 1Revenue grew 17% year-over-year to $3.6 billion for the three months ended June 30, 2026, driven by increased check-ins and a higher Average Daily Rate (ADR).
  • 2Net income increased by 27% to $816 million for the three months ended June 30, 2026, with revenue growth outpacing operating expense increases.
  • 3Cash provided by operating activities and Free Cash Flow (FCF) both reached $1.3 billion for the three months ended June 30, 2026, showing strong cash generation.
  • 4The company repurchased $1.1 billion of Class A common stock during the quarter, with $3.4 billion remaining under its authorized repurchase program.
  • 5Total assets grew to $28.8 billion as of June 30, 2026, up from $22.2 billion at the end of 2025, with a significant increase in 'Funds receivable and amounts held on behalf of customers'.
  • 6Long-term debt of $2.5 billion was issued in March 2026, with a portion used to repay maturing convertible notes.
  • 7Sales and marketing expenses increased by 27% for the quarter, driven by higher marketing spend in emerging markets and partnerships.

Frequently Asked Questions

Airbnb reported a 17% year-over-year increase in revenue for both the three and six months ended June 30, 2026. This growth was primarily driven by an increase in the number of check-ins (Nights and Seats Booked) and a modest increase in the Average Daily Rate (ADR).

In March 2026, Airbnb issued $2.5 billion in Senior Notes. A portion of these proceeds was used to repay $2.0 billion of its convertible senior notes that matured. As of June 30, 2026, the net long-term debt was approximately $2.5 billion. The company also has a $1.0 billion revolving credit facility, under which no amounts were drawn as of June 30, 2026.

Airbnb maintains a strong liquidity position with $12.1 billion in cash, cash equivalents, and short-term investments as of June 30, 2026. For the three months ended June 30, 2026, the company generated $1.3 billion in both cash provided by operating activities and Free Cash Flow (FCF), indicating healthy operational cash generation.

Airbnb faces potential tax liabilities related to lodging taxes and other non-income taxes, with accrued obligations totaling $219 million as of June 30, 2026. There is also a reasonably possible exposure of $240 million to $260 million for non-income taxes. Additionally, the company is involved in a tax dispute with the IRS regarding international intellectual property valuation, which could result in significant additional tax liabilities if the IRS prevails. A fine from the Spanish Ministry of Consumer Affairs concerning short-term rental regulations is also noted, with a surety bond posted to suspend enforcement.