Airbnb, Inc.

NasdaqGS-ABNB

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	1,374	642	154	461	1,368	555
Net Income
Depreciation & Amortization	—	-25	25	65	32.5	-14
Depreciation and Amortization
Stock Based Compensation	399	424	358	368	362	382
Stock-Based Compensation Expense
Other Adjustments	331	144	71	68	243	150
Bad Debt Expense
Deferred Income Taxes
Impairment of Investments
Gain on Investments, Net
Foreign Exchange Gain
Loss on Warrants, Net
Amortization (Accretion) of Premium (Discount) on Marketable Securities, Net
Amortization of Debt Discount and Debt Issuance Costs
Noncash Interest Expense, Net
Impairment of Long-Lived Assets
Loss from Extinguishment of Debt
Other, Net
Other, Net
Changes in Accounts Payable	—	—	—	—	—	—
Accounts Payable
Changes in Accrued Expenses	219	-145	155	-322	-12	-95
Accrued Expenses and Other Liabilities
Changes in Unearned Revenue	-1,038	131	1,105	-33	-966	191
Unearned Fees
Changes in Other Operating Activities	71	-196	-79	-141	83	-118
Prepaids and Other Assets
Operating Lease Right-of-Use Assets
Operating Lease Liabilities
Cash from Operating Activities	1,356	975	1,789	466	1,078	1,051
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	—	—	—	—	—	—
Purchases of Property and Equipment
Purchases of Investments	-1,017	-877	-766	-697	-929	-694
Purchases of Short-Term Investments
Payments for Equity Investments in Privately-Held Companies
Proceeds from Sale of Investments	820	809	623	526	731	592
Sales of Marketable Securities
Maturities of Marketable Securities
Sales and Maturities of Short-Term Investments
Other Investing Activities	-9	-23	-8	-49	-4	-8
Other Investing Activities, Net
Cash from Investing Activities	-206	-91	-151	-220	-202	-110
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	—	—	—	—	—	—
Proceeds from Issuance of Long-Term Debt and Warrants, Net of Issuance Costs
Proceeds from Issuance of Convertible Senior Notes, Net of Issuance Costs
Repayments of Long-Term Debt	—	—	—	—	—	—
Principal Repayment of Long-Term Debt
Prepayment Penalty on Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	—	—	—	—	—	—
Issuance of Common Shares	3	45	30	61	8	53
Proceeds from Issuance of Common Stock Upon Initial Public Offering, Net of Underwriting Discounts and Offering Costs
Proceeds from Exercise of Stock Options
Proceeds from the Issuance of Common Stock Under Employee Stock Purchase Plan
Proceeds from Exercise of Equity Awards and Employee Stock Purchase Plan
Repurchases of Common Shares	-1,013	-1,153	-959	-1,046	-1,206	-903
Repurchases of Common Stock
Taxes Paid Related to Net Share Settlement of Equity Awards
Net Issuance / (Repurchases) of Common Shares	-1,010	-1,108	-929	-985	-1,198	-850
Other Financing Activities	-3,840	1,436	3,074	-345	-3,989	1,661
Change in Funds Payable and Amounts Payable to Customers
Other Financing Activities, Net
Purchases of Capped Calls Related to Convertible Senior Notes
Cash from Financing Activities	-4,850	328	2,145	-1,330	-5,187	811
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	1,356	975	1,789	466	1,078	1,051
NOPAT	1,246	504.4	33.8	318.7	1,202.4	405
Levered Free Cash Flow	626	407	1,360	30	505.5	519
Unlevered Free Cash Flow	498	269.4	1,239.8	-112.3	339.9	369
Net Change in Cash	-3,700	1,212	3,783	-1,084	-4,311	1,752