ABNB · Full Picture

Airbnb, Inc. — the full picture

Earnings window · 2026-07-16 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Operating Income and Margins · Operating income & profitabilityPriority 79
    +69.4% operating_income (realized); 3 sources (news, press_release, sec_filing); quote_verified
    Q2 2026 Adjusted EBITDA: $1.3 billion, up 21% year-over-year
  2. Liquidity and Debt Position · Debt, leverage & refinancingPriority 77
    -2.8% net_income; 1 forward row(s); quote_verified
    In March 2026, issued $2.5 billion aggregate principal amount of Senior Notes: $850 million 4.40% due March 2029, $850 million 4.65% due March 2031, $800 million 5.25% due March 2036
  3. Revenue Performance and Mix · Revenue growth & mixPriority 75
    +14.5% revenue (realized); 4 sources (news, press_release, sec_filing, transcript); 1 forward row(s); quote_verified
    Q2 2026 revenue: $3.6 billion, up 17% year-over-year.
  4. Capital Return Program · Buybacks & dividendsPriority 68
    -7.3% cash (realized); 2 sources (press_release, sec_filing); quote_verified
    As of June 30, 2026 authorization to purchase up to $3.4 billion of Class A common stock
  5. Operating Expense Trends · Operating expenses (SG&A)Priority 65
    -3.9% operating_income (realized); 3 sources (press_release, sec_filing, transcript); 1 forward row(s); quote_verified
    Sales and marketing expense increased $372 million, or 30%, for the six months ended June 30, 2026, including a $258 million increase in marketing spend, $90 million increase in payroll-related expenses, and $10 million increase in third-party service provider expenses
  6. Market Demand Trends · Demand, orders & backlogPriority 63
    4 sources (news, press_release, sec_filing, transcript); quote_verified
    Over the trailing twelve months through Q2 2026, guests booked more than 1 billion bedroom nights on Airbnb—the highest on record
  7. Liquidity and Cash Position · Liquidity & cash positionPriority 60
    2 sources (press_release, transcript); quote_verified
    Trailing 12 months free cash flow: $4.8 billion, representing a free cash flow margin of 37%.
  8. Free Cash Flow · Cash flow generationPriority 58
    2 sources (press_release, sec_filing); quote_verified
    TTM Net cash provided by operating activities as of Jun 30, 2024: $4,362 million.
  9. FX / Currency Headwinds · Currency / FXPriority 57
    2 sources (press_release, sec_filing); quote_verified
    Other income (expense), net changed by $10 million (59%) for the three months ended June 30, 2026, primarily due to a $6 million favorable change in net realized and unrealized foreign currency remeasurement
  10. FX / Currency Impact · Currency / FXPriority 57
    +2.5% revenue; 1 forward row(s); quote_verified
    Q3 2026 guidance includes an approximate three percentage point foreign exchange tailwind after factoring in Airbnb's hedging program.
  11. Emerging Market Expansion · Capacity & footprint expansionPriority 54
    qualitative only
  12. Guidance / Outlook · Guidance & outlookPriority 54
    +0.4% margin; 3 sources (news, press_release, transcript); 10 forward row(s); quote_verified
    Q3 2026 revenue guidance: expect $4.69 billion to $4.77 billion, representing 15% to 17% year-over-year growth, inclusive of an approximate three percentage point FX tailwind after hedging

Threads by pillar

Revenue & Demand Priority 90 · 7 threads

Costs & Margins Priority 87 · 4 threads

Capital & Balance Sheet Priority 90 · 5 threads

Strategy & Portfolio Priority 72 · 7 threads

Guidance & Outlook Priority 60 · 2 threads

Macro & Market Conditions Priority 76 · 6 threads

Unclassified Priority 60 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
net_income-2.8%+2.8%+9.3%
revenue+2.5%+2.5%+14.5%
margin+0.4%+0.4%—
cash——+26.0%
operating_income——+65.5%
liability——-20.5%