Airbnb (ABNB) Gross Margin (2020 - 2026)
Airbnb's (ABNB) quarterly Gross Margin came in at 78.3% in Q1 2026, up 58.0% year-on-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.
- On a quarterly basis, Gross Margin rose 58.0% year-over-year to 78.3% in Q1 2026; TTM through Mar 2026 was 82.91%, a 14.0% decrease from a year earlier, with the FY2025 full-year figure at 82.96%, down 13.0% from the prior year.
- Gross Margin slipped to 78.3% in Q1 2026 per ABNB's latest filing, from 82.47% in the prior quarter.
- Across five years, Gross Margin topped out at 87.54% in Q3 2024 and bottomed at 75.94% in Q1 2022.
- The 5-year median for Gross Margin is 82.43% (2025), against an average of 81.8%.
- Across the five-year window, Gross Margin jumped 464 bps in 2022 and slumped 102 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 81.86% in 2022, then climbed by 1 bps to 82.69% in 2023, then advanced by 0 bps to 82.78% in 2024, then declined by 0 bps to 82.47% in 2025, then declined by 5 bps to 78.3% in 2026.
- Per Business Quant, the three latest ABNB Gross Margin figures stand at 78.3% (Q1 2026), 82.47% (Q4 2025), and 86.59% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 62.62% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 49.53% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 78.30% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 55.39% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 41.37% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | - |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 89.00% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 40.89% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 79.62% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 58.33% |
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 | 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% |
| Jun 30, 2021 | 77.95% |