ABNB · 10-Q · 2026Q2 · Full report

Operating Cash Flow Trends

Airbnb, Inc. · 2026-08-06 · Importance 49 · Surprise 32 · No source text

Six-month cash provided by operating activities was $2.978 billion in 2026, compared with $2.764 billion in 2025, while second-quarter operating cash flow increased to $1.270 billion from $1.0 billion. Six-month free cash flow was $2.957 billion, compared with $2.743 billion in the prior-year period, after only $21 million of property-and-equipment purchases. Operating cash flow included $819 million from net working-capital items, primarily growth in unearned fees, and $897 million of stock-based compensation. Flexible payment options, including RNPL, reduced the growth rate of unearned fees relative to GBV by shifting cash collection closer to guest check-in.

Key facts

• Cash provided by operating activities for the three months ended June 30, 2026: $1.3 billion source
• Free Cash Flow (FCF) for the three months ended June 30, 2026: $1.3 billion source
• Net cash provided by operating activities for the six months ended June 30, 2026: $2,764 million ($2.764 billion) source
• Net cash provided by operating activities for the six months ended June 30, 2026 (narrative): $3.0 billion, driven by net income of $976 million and $819 million provided by net working capital items source

Impact estimates