Airbnb (ABNB) Gross Margin (2020 - 2026)
Airbnb (ABNB) recorded quarterly Gross Margin of 78.3% in Q1 2026, down 5.05% quarter-over-quarter from 82.47% in Q4 2025, and up 58.0% on a YoY basis from 49.56% in Q1 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% (up 93.0% YoY), while the FY2025 annual figure was 82.96%, up 231.0% from the prior year.
- Gross Margin was 78.3% for Q1 2026 at Airbnb, down from 82.47% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 87.54% in Q3 2024 to a low of 75.94% in Q1 2022.
- Historically, Gross Margin has averaged 81.28% across 5 years, with a median of 81.59% in 2024.
- The sharpest annual moves came in 2022 and 2024: Gross Margin surged 560 bps in 2022, then sank 204 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 80.97% in 2022, then declined by 1 bps to 79.98% in 2023, then dropped by 3 bps to 77.94% in 2024, then grew by 6 bps to 82.47% in 2025, then declined by 5 bps to 78.3% in 2026.
- The last three Gross Margin figures came in at 78.3% (Q1 2026), 82.47% (Q4 2025), and 86.59% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 62.62% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 78.30% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 49.53% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | - |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 89.00% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 40.89% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 85.00% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 96.36% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 78.84% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 77.94% |
| Sep 30, 2024 | 87.54% |
| Jun 30, 2024 | 81.59% |
| Mar 31, 2024 | 76.00% |
| Dec 31, 2023 | 79.98% |
| Sep 30, 2023 | 86.49% |
| Jun 30, 2023 | 82.61% |
| Mar 31, 2023 | 76.46% |
| Dec 31, 2022 | 80.97% |
| Sep 30, 2022 | 86.69% |
| Jun 30, 2022 | 81.99% |
| Mar 31, 2022 | 75.94% |
| Dec 31, 2021 | 79.07% |
| Sep 30, 2021 | 87.00% |
| Jun 30, 2021 | 76.38% |