Airbnb (ABNB) Gross Margin (2020 - 2026)
Airbnb (ABNB) posted quarterly Gross Margin of 78.3% for Q1 2026, up 58.0% year-over-year from 49.56% in Q1 2025, and down 5.05% quarter-over-quarter from 82.47% in Q4 2025.
Airbnb (ABNB) Gross Margin (2020 - 2026) Analysis & Trends
Airbnb's Gross Margin history runs 7 years deep, the most recent figure standing at 78.3% for Q1 2026.
- In Q1 2026, Gross Margin rose 58.0% year-over-year to 78.3%; the TTM figure through Mar 2026 stood at 82.91% (down 14.0% YoY), while the FY2025 annual figure was 82.96%, down 13.0% from the prior year.
- Gross Margin for Q1 2026 stood at 78.3%, down from 82.47% in the prior quarter.
- The five-year high for Gross Margin was 87.54% in Q3 2024, with the low at 75.94% in Q1 2022.
- The 5-year median for Gross Margin is 82.43% (2025), against an average of 81.8%.
- The sharpest annual moves came in 2022 and 2024: Gross Margin jumped 464 bps in 2022, then sank 102 bps in 2024.
- Airbnb's Gross Margin stood at 81.86% in 2022, then advanced by 1 bps to 82.69% in 2023, then gained by 0 bps to 82.78% in 2024, then dropped by 0 bps to 82.47% in 2025, then dropped by 5 bps to 78.3% in 2026.
- Business Quant data shows ABNB's Gross Margin at 78.3% in Q1 2026, 82.47% in Q4 2025, and 86.59% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 67.75% |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 82.46% |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 47.29% |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 41.37% |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | - |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 90.66% |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 79.12% |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 39.91% |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 74.55% |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 59.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 82.46% |
| Mar 31, 2026 | 78.30% |
| Dec 31, 2025 | 82.47% |
| Sep 30, 2025 | 86.59% |
| Jun 30, 2025 | 82.43% |
| Mar 31, 2025 | 77.73% |
| Dec 31, 2024 | 82.78% |
| Sep 30, 2024 | 87.54% |
| Jun 30, 2024 | 81.59% |
| Mar 31, 2024 | 77.59% |
| Dec 31, 2023 | 82.69% |
| Sep 30, 2023 | 86.49% |
| Jun 30, 2023 | 82.61% |
| Mar 31, 2023 | 76.46% |
| Dec 31, 2022 | 81.86% |
| Sep 30, 2022 | 86.10% |
| Jun 30, 2022 | 81.46% |
| Mar 31, 2022 | 75.94% |
| Dec 31, 2021 | 80.72% |
| Sep 30, 2021 | 86.07% |