Airbnb (ABNB) Operating Expenses (2020 - 2026)
Airbnb (ABNB) recorded quarterly Operating Expenses of $2.6 billion in Q1 2026, up 3.31% quarter-over-quarter from $2.5 billion in Q4 2025, and up 16.03% on a YoY basis from $2.2 billion in Q1 2025.
Airbnb (ABNB) Operating Expenses (2020 - 2026) Analysis & Trends
Airbnb's Operating Expenses history runs 7 years deep, the most recent figure standing at $2.6 billion for Q1 2026.
- In Q1 2026, Operating Expenses rose 16.03% year-over-year to $2.6 billion; the TTM figure through Mar 2026 stood at $10.1 billion (up 15.02% YoY), while the FY2025 annual figure was $9.7 billion, up 13.43% from the prior year.
- Operating Expenses was $2.6 billion for Q1 2026 at Airbnb, up from $2.5 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $2.7 billion in Q4 2023 to a low of $1.5 billion in Q1 2022.
- Historically, Operating Expenses has averaged $2.1 billion across 5 years, with a median of $2.1 billion in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 62.81% in 2023, then slipped 24.47% in 2024.
- A 5-year view of Operating Expenses shows it stood at $1.7 billion in 2022, then soared by 62.81% to $2.7 billion in 2023, then dropped by 24.47% to $2.1 billion in 2024, then climbed by 22.39% to $2.5 billion in 2025, then increased by 3.31% to $2.6 billion in 2026.
- The last three Operating Expenses figures came in at $2.6 billion (Q1 2026), $2.5 billion (Q4 2025), and $2.5 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 4.26 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 2.59 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 582.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 3.94 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 797.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 720.40 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 837.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 802.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | -1.38 Bn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.59 Bn |
| Dec 31, 2025 | 2.51 Bn |
| Sep 30, 2025 | 2.47 Bn |
| Jun 30, 2025 | 2.48 Bn |
| Mar 31, 2025 | 2.23 Bn |
| Dec 31, 2024 | 2.05 Bn |
| Sep 30, 2024 | 2.21 Bn |
| Jun 30, 2024 | 2.25 Bn |
| Mar 31, 2024 | 2.04 Bn |
| Dec 31, 2023 | 2.71 Bn |
| Sep 30, 2023 | 1.90 Bn |
| Jun 30, 2023 | 1.96 Bn |
| Mar 31, 2023 | 1.82 Bn |
| Dec 31, 2022 | 1.67 Bn |
| Sep 30, 2022 | 1.68 Bn |
| Jun 30, 2022 | 1.74 Bn |
| Mar 31, 2022 | 1.51 Bn |
| Dec 31, 2021 | 1.46 Bn |
| Sep 30, 2021 | 1.39 Bn |
| Jun 30, 2021 | 1.39 Bn |