Q4 25 EPS
$0.56
MISS 15.15%
Est. $0.66
Q4 25 Revenue
$2.78B
BEAT +2.49%
Est. $2.71B
vs S&P Since Q4 25
+11.2%
BEATING MARKET
ABNB +16.9% vs S&P +5.7%
Full Year 2025 Results
FY 25 EPS
$4.03
MISS 2.41%
Est. $4.13
FY 25 Revenue
$12.24B
BEAT +0.55%
Est. $12.17B
Market Reaction
Did ABNB Beat Earnings? Q4 2025 Results
Airbnb closed out 2025 on a high note for revenue but fell short on the bottom line, delivering a quarter that told two distinct stories. The company posted Q4 revenue of $2.78 billion, up 12.0% year over year and ahead of the $2.71 billion consensus… Read more Airbnb closed out 2025 on a high note for revenue but fell short on the bottom line, delivering a quarter that told two distinct stories. The company posted Q4 revenue of $2.78 billion, up 12.0% year over year and ahead of the $2.71 billion consensus estimate by 2.49%, yet earnings per share of $0.56 missed the $0.66 analyst expectation by 15.15%, as net income slid to $341.00 million from $461.00 million a year earlier. The profit pressure was not accidental; Airbnb absorbed roughly $90.00 million in non-income tax charges while deliberately ramping investment in new growth initiatives, including a hotel partnership push in key cities like New York and Madrid. Gross Booking Value surged 16% to $20.40 billion, the strongest GBV growth in more than two years, underscoring genuine demand momentum. Looking ahead, management guided Q1 2026 revenue to $2.59 billion to $2.63 billion, implying 14% to 16% growth, and expects full-year 2026 revenue growth to accelerate to at least low double digits.
Key Takeaways
- • Strong demand across all regions and ADR growth
- • Reserve Now, Pay Later feature contributing to booking acceleration
- • Updated cancellation policies reducing customer service contacts and increasing bookings
- • App bookings grew 20% Y/Y, accounting for 64% of total nights booked (up from 60%)
- • First-time bookers grew 8% Y/Y in Q4, accelerating across all age cohorts
- • Continued lengthening of booking lead times
- • Guest travel insurance revenue increased approximately 40% Y/Y for full-year 2025
ABNB Forward Guidance & Outlook
For Q1 2026, Airbnb expects revenue of $2.59 billion to $2.63 billion, representing 14%-16% year-over-year growth, inclusive of an approximately three-point FX tailwind. GBV is expected to increase in the low teens year-over-year, driven by high-single-digit Nights and Seats Booked growth and moderate ADR increase. Adjusted EBITDA Margin is expected to be approximately flat year-over-year. For full-year 2026, the company expects revenue growth to accelerate to at least low double digits, driven by sustained core business strength, healthy demand, and continued execution across growth initiatives. Adjusted EBITDA Margin is expected to be stable year-over-year as the company reinvests efficiencies into marketing, product, and technology. The company also expects its long-term effective tax rate to decline to the mid-to-high teens following enactment of the One Big Beautiful Bill Act, and anticipates SBC and headcount growth rates to be lower than in 2025.
ABNB YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
ABNB Earnings Trends
ABNB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ABNB EPS Trend
Earnings per share: estimate vs actual
ABNB Revenue Trend
Quarterly revenue: estimate vs actual
ABNB Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 MISS FY | $0.66 | $0.56 | -15.15% | $2.78B | +2.49% |
| FY Full Year | $4.13 | $4.03 | -2.41% | $12.24B | +0.55% |
| Q3 25 MISS | $2.32 | $2.21 | -4.75% | $4.10B | +0.38% |
| Q2 25 BEAT | $0.94 | $1.03 | +9.49% | $3.10B | +2.18% |
| Q1 25 BEAT | $0.23 | $0.24 | +2.96% | $2.27B | +0.53% |
| Q3 23 BEAT | $1.96 | $6.63 | +238.27% | $3.40B | +6.88% |
| Q4 22 BEAT FY | $0.25 | $0.48 | +92.00% | $1.90B | +2.18% |
| FY Full Year | — | $2.79 | — | $8.40B | — |
| Q2 22 | $0.44 | — | — | — | — |
| Q3 21 BEAT | $0.75 | $1.22 | +62.67% | $2.24B | +9.10% |