Airbnb, Inc. (ABNB) closed fiscal year 2025 with a gross margin of 83.0 % and a net margin of 20.5 %.
Airbnb, Inc. (ABNB) closed fiscal year 2025 with a gross margin of 83.0 % and a net margin of 20.5 %. The same year shows an EBITDA margin of 20.9 % and an EBIT margin of 20.8 %. The free cash flow margin was 38.0 %. Against the previous year the gross margin moved −0.1 pp and the net margin −3.3 pp. Across the period the gross margin ranges between 74.1 % in 2020 and 83.1 % in 2024. The series covers 7 fiscal years, from 2019 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|
| Gross margin (%) | 75.10 % | 74.07 % | 80.71 % | 82.15 % | 82.83 % | 83.08 % | 82.96 % |
| EBITDA margin (%) | -9.25 % | -104.29 % | 8.59 % | 21.96 % | 16.06 % | 23.73 % | 20.92 % |
| EBIT margin (%) | -10.44 % | -106.28 % | 7.16 % | 21.45 % | 15.31 % | 23.00 % | 20.78 % |
| Net margin (%) | -14.03 % | -135.73 % | -5.87 % | 22.54 % | 48.32 % | 23.85 % | 20.51 % |
| FCF margin (%) | 2.02 % | -23.00 % | 38.18 % | 40.54 % | 39.17 % | 40.70 % | 37.95 % |
