Airbnb Q2 2026 earnings: revenue up 17% as bookings and app usage grow
Airbnb's revenue rose 17% year-over-year to $3.6 billion, with more guests booking through the app and profit margins improving.
| Q2 2026 | Reported |
|---|---|
| EPS | — |
| Revenue | $3.61B |
Figures as reported by the company to the SEC for the quarter ended June 30, 2026. Analyst estimates are not part of a filing, so no comparison to expectations is shown.
Key takeaways
- Revenue grew 17% year-over-year to $3.6 billion for the quarter, and gross booking value (the total dollar amount of all trips booked on the platform) rose 16% to $27.2 billion.
- Nights and Experiences Booked increased 10% year-over-year, an acceleration from the prior quarter, showing demand for stays and activities kept building through the summer travel season.
- Net income was $816 million for the quarter. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, a measure of core operating profitability) came to $1.3 billion, a 35% margin that expanded more than one percentage point from a year earlier.
- Trailing-twelve-month figures show a gross margin above 72% and a net profit margin near 20%, alongside a return on equity above 31% — together pointing to a business that converts a large share of revenue into profit and generates strong returns on shareholder capital.
- Average Daily Rate, the typical nightly price paid by guests, rose 5% year-over-year (4% excluding currency effects), indicating some of the revenue growth came from higher prices as well as more bookings.
- Bookings made through Airbnb’s mobile app climbed 23% year-over-year and now make up 64% of all nights booked, up from 59% a year earlier, which management pointed to as a sign of deepening customer engagement with the platform.
- First-time booker growth accelerated to 11%, the fastest pace in four years, with management citing particular strength among Gen Z travelers as evidence the platform is attracting new users beyond its existing base.
- Airbnb raised its full-year 2026 outlook, now expecting revenue growth of at least the mid-teens percentage range and an adjusted EBITDA margin of at least 35.5%; for the third quarter it guided to revenue of $4.69 billion to $4.77 billion, or 15% to 17% growth.
- Management pointed to AI-driven product development as a factor behind faster feature rollout, saying the time from concept to launch has been cut by up to 60% and the number of features shipped is up nearly 80% compared with a year ago.
Q2 2026 in context
| Metric | Jun 2026 | Jun 2025 | Change |
|---|---|---|---|
| Revenue | $3.6B | $3.1B | +16.5% |
| Net income | $816M | $642M | +27.1% |
| Gross margin | 82.5% | 82.4% | +0.0 pts |
| Operating margin | 21.0% | 19.8% | +1.2 pts |
| Net margin | 22.6% | 20.7% | +1.9 pts |
Figures for the quarter ended Jun 2026 and the quarter ended Jun 2025, as reported to the SEC.
How the stock took it
Airbnb Inc closed at $152.49 on Aug 5, 2026, the last session before the report, and at $178.07 on Aug 7, 2026, the first session after it — +16.8% across the report.
| Earlier report | Close before | Close after | Change |
|---|---|---|---|
| May 7, 2026 | $139.88 | $141.49 | +1.1% |
| Nov 6, 2025 | $122.50 | $120.88 | -1.3% |
Closes from the market's daily record. Each figure spans the report date — from the last session that closed before it to the first that closed after — because a company may report before the open or after the close.
Fundamentals
| Metric | Value | Period |
|---|---|---|
| Gross margin | 72.2% | Trailing 12 months |
| Operating margin | 20.5% | Trailing 12 months |
| Net profit margin | 19.9% | Trailing 12 months |
| Pretax margin | 25.7% | Trailing 12 months |
| EPS | $4.06 | Trailing 12 months |
| Revenue growth (YoY) | 12.6% | Trailing 12 months |
| EPS growth (YoY) | 2.6% | Trailing 12 months |
| Return on equity | 31.2% | Trailing 12 months |
Sources: company report · earnings call