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
DateValue
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