Airbnb (ABNB) Cost of Revenue (2020 - 2026)
Quarterly Cost of Revenue rose 14.82% to $581.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $2.2 billion through Mar 2026, up 6.77% year-over-year, with the annual reading at $2.1 billion for FY2025, 2.89% down from the prior year.
Airbnb's Cost of Revenue history spans 7 years, with the latest figure at $581.0 million for Q1 2026.
- Cost of Revenue came in at $581.0 million for Q1 2026, up from $487.0 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $581.0 million in Q1 2026 to a low of $362.0 million in Q4 2022.
- The 5-year median for Cost of Revenue is $465.0 million (2024), against an average of $467.6 million.
- Year-over-year, Cost of Revenue soared 42.62% in 2022 and then dropped 10.97% in 2025.
- Airbnb's Cost of Revenue stood at $362.0 million in 2022, then grew by 22.65% to $444.0 million in 2023, then rose by 23.2% to $547.0 million in 2024, then decreased by 10.97% to $487.0 million in 2025, then increased by 19.3% to $581.0 million in 2026.
- Per Business Quant, the three most recent readings for ABNB's Cost of Revenue are $581.0 million (Q1 2026), $487.0 million (Q4 2025), and $549.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 126.21 Bn | 110.19 Bn | 3.46 Bn | 2.07 Bn |
| 2 | Airbnb | 80.30 Bn | 68.29 Bn | 2.10 Bn | 581.00 Mn |
| 3 | Royal Caribbean Cruises | 70.38 Bn | 69.87 Bn | 2.21 Bn | 2.25 Bn |
| 4 | Carnival | 36.09 Bn | 34.68 Bn | - | - |
| 5 | Expedia | 26.59 Bn | 20.80 Bn | 3.05 Bn | 377.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 7.61 Bn | 7.43 Bn | 953.34 Mn | 1.38 Bn |
| 7 | Global Business Travel | 4.83 Bn | 4.39 Bn | 714.00 Mn | 126.00 Mn |
| 8 | Trip.com | 4.46 Bn | -748.83 Mn | 1.74 Bn | 463.00 Mn |
| 9 | Travel & Leisure | 4.11 Bn | 3.85 Bn | 926.00 Mn | 35.00 Mn |
| 10 | MakeMyTrip | 2.06 Bn | 1.63 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 581.00 Mn |
| Mar 31, 2026 | 581.00 Mn |
| Dec 31, 2025 | 487.00 Mn |
| Dec 31, 2025 | 487.00 Mn |
| Sep 30, 2025 | 549.00 Mn |
| Sep 30, 2025 | 549.00 Mn |
| Jun 30, 2025 | 544.00 Mn |
| Jun 30, 2025 | 544.00 Mn |
| Mar 31, 2025 | 506.00 Mn |
| Mar 31, 2025 | 506.00 Mn |
| Dec 31, 2024 | 547.00 Mn |
| Dec 31, 2024 | 547.00 Mn |
| Sep 30, 2024 | 465.00 Mn |
| Sep 30, 2024 | 465.00 Mn |
| Jun 30, 2024 | 506.00 Mn |
| Jun 30, 2024 | 506.00 Mn |
| Mar 31, 2024 | 514.00 Mn |
| Mar 31, 2024 | 514.00 Mn |
| Dec 31, 2023 | 444.00 Mn |
| Dec 31, 2023 | 444.00 Mn |
| Sep 30, 2023 | 459.00 Mn |
| Sep 30, 2023 | 459.00 Mn |
| Jun 30, 2023 | 432.00 Mn |
| Jun 30, 2023 | 432.00 Mn |
| Mar 31, 2023 | 428.00 Mn |
| Mar 31, 2023 | 428.00 Mn |
| Dec 31, 2022 | 362.00 Mn |
| Dec 31, 2022 | 362.00 Mn |
| Sep 30, 2022 | 384.00 Mn |
| Sep 30, 2022 | 384.00 Mn |
| Jun 30, 2022 | 379.00 Mn |
| Jun 30, 2022 | 379.00 Mn |
| Mar 31, 2022 | 363.00 Mn |
| Mar 31, 2022 | 363.00 Mn |
| Dec 31, 2021 | 320.70 Mn |
| Dec 31, 2021 | 320.70 Mn |
| Sep 30, 2021 | 290.86 Mn |
| Sep 30, 2021 | 290.86 Mn |
| Jun 30, 2021 | 315.32 Mn |
| Jun 30, 2021 | 315.32 Mn |
| Mar 31, 2021 | 254.52 Mn |
| Mar 31, 2021 | 254.52 Mn |
| Dec 31, 2020 | 209.71 Mn |
| Dec 31, 2020 | 209.71 Mn |
| Sep 30, 2020 | 227.33 Mn |
| Sep 30, 2020 | 227.33 Mn |
| Jun 30, 2020 | 114.84 Mn |
| Jun 30, 2020 | 114.84 Mn |
| Mar 31, 2020 | 317.18 Mn |
| Mar 31, 2020 | 317.18 Mn |