Airbnb Q4 FY25: where the revenue came from and where it went
The whole income statement of Airbnb for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Feb 12, 2026
Revenue$2.78B
+12% year over year
Gross profit$2.29B
82% margin
Operating profit$0.27B
10% margin
Net profit$0.34B
12% margin
Net profit is larger than what operations earned, because the statement adds $0.12B below it, under Other income, net.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.78 | 100% | +12% |
| North America | 1.15 | 41% | +3% |
| EMEA | 0.93 | 33% | +17% |
| Latin America | 0.35 | 13% | +26% |
| Asia Pacific | 0.35 | 13% | +18% |
| Cost of revenue | −0.49 | 18% | |
| Gross profit | 2.29 | 82% margin | +0pp |
| R&D | −0.59 | 21% | +0pp |
| Sales & marketing | −0.70 | 25% | +3pp |
| G&A | −0.41 | 15% | +5pp |
| Other | −0.33 | 12% | +0pp |
| Operating profit | 0.27 | 10% margin | −8pp |
| Other income, net | 0.12 | ||
| Tax | −0.05 | ||
| Net profit | 0.34 | 12% margin | −6pp |
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