# Airbnb (ABNB) Q2 2026 earnings

Results filed 2026-08-06 for the quarter ended 2026-06-30. Source page: https://earnings.opennash.com/companies/abnb/2026-q2/
Press release and exhibits: https://www.sec.gov/Archives/edgar/data/1559720/000119312526337928/0001193125-26-337928-index.htm
> Summaries and transcripts are machine-generated and can contain errors.

## In brief

Airbnb's Q2 2026 revenue grew 17% year-over-year to $3.6 billion, with net income of $816 million and Adjusted EBITDA of $1.3 billion at a 35% margin.

Airbnb had a strong second quarter. Revenue grew 17% to $3.6 billion, and Gross Booking Value grew 16% to $27.2 billion. Nights and Seats Booked grew 10%, faster than in the first quarter. Net income was $816 million, including a $77 million tax benefit tied to prior-year taxes. Adjusted EBITDA was $1.3 billion, a 35% margin. Free cash flow was $1.3 billion, and Airbnb repurchased $1.1 billion of stock.
Management raised its full-year outlook. It now expects revenue growth of at least mid teens and an Adjusted EBITDA Margin of at least 35.5%. For Q3 it guided to revenue of $4.69 billion to $4.77 billion, including a roughly three percentage point FX tailwind. The main tension is that Q3 margin is expected to be down slightly because of the timing of investments. Reserve Now, Pay Later also shifts cash timing and can weigh on quarterly free cash flow.

## Key numbers

| Metric | Value | Change | Basis |
| --- | --- | --- | --- |
| Revenue | $3.6 billion | up 17% year-over-year | GAAP |
| Net income | $816 million | increased significantly compared to Q2 2025 | GAAP |
| Diluted EPS | $1.37 |  | GAAP |
| Adjusted EBITDA | $1.3 billion | up 21% from Q2 2025 | non-GAAP |
| Net cash provided by operating activities | $1.3 billion |  | GAAP |
| Free cash flow | $1.3 billion | up 30% year-over-year | non-GAAP |

## Segments and operating metrics

| Name | Value | Change |
| --- | --- | --- |
| Gross Booking Value | $27.2 billion | up 16% year-over-year |
| Nights and Seats Booked | 148.3M | up 10% year-over-year |
| Average Daily Rate (ADR) | $184 | up 5% year-over-year |
| Implied take rate | 13.2% | in-line with Q2 2025 |
| App share of nights booked | 64% | up from 59% in the prior-year period |
| Share repurchases | $1.1 billion |  |

## Outlook

| Metric | Period | Outlook |
| --- | --- | --- |
| Revenue | Q3 2026 | $4.69 billion to $4.77 billion |
| Year-over-year revenue growth | Q3 2026 | 15% to 17% |
| Adjusted EBITDA Margin | full-year 2026 | at least 35.5% |

## Key takeaways

1. **Growth accelerated across core and expansion markets** Nights and Seats Booked grew 10% year-over-year, accelerating from Q1 2026. Net origin nights booked in the U.S., France, the UK, and Australia all accelerated in Q2.
2. **Margin expanded to 35% on higher revenue** Adjusted EBITDA rose 21% to $1.3 billion, and the Adjusted EBITDA Margin was 35% compared with 34% in Q2 2025.
3. **Full-year outlook raised for revenue and margin** Management now expects full-year revenue growth of at least mid teens and an Adjusted EBITDA Margin of at least 35.5%.
4. **Q3 margin guided down slightly on investment timing** Q3 revenue is guided to $4.69 billion to $4.77 billion, with Adjusted EBITDA expected to increase but its margin to be down slightly compared to Q3 2025.
5. **AI and new offerings are driving efficiency and demand** Customer support related cost per booking declined approximately 16% year-over-year, and nearly 45% of issues that begin with the AI assistant are resolved without a human agent. Hotel nights booked grew approximately three times as fast as the homes business.

## Questions

**What were Airbnb's key Q2 2026 results?** Revenue was $3.6 billion, up 17% year-over-year, and GBV was $27.2 billion, up 16%. Net income was $816 million and Adjusted EBITDA was $1.3 billion at a 35% margin.
**What is Airbnb's Q3 2026 revenue guidance?** Airbnb expects revenue of $4.69 billion to $4.77 billion, or 15% to 17% year-over-year growth, including an approximate three percentage point FX tailwind. It expects Adjusted EBITDA Margin to be down slightly compared to Q3 2025.
**Did Airbnb change its full-year 2026 outlook?** Yes. It now expects year-over-year revenue growth of at least mid teens and a full-year Adjusted EBITDA Margin of at least 35.5%, and it expects an effective tax rate in the high teens.
**How much cash did Airbnb generate and return to shareholders?** Net cash from operating activities and free cash flow were both $1.3 billion in Q2, with trailing twelve month free cash flow of $4.8 billion. Airbnb repurchased $1.1 billion of Class A stock and had $3.4 billion of authorization remaining.
**What factors could affect Airbnb's results ahead?** Q3 margin is expected to be down slightly because of the timing of investments. Reserve Now, Pay Later shifts payment and recognition of unearned fees closer to the date of stay, which affects quarterly free cash flow and the take rate.

## Slides and investor documents

- [Shareholder Letter](https://s26.q4cdn.com/656283129/files/doc_financials/2026/q2/Airbnb-Q2-2026-Shareholder-Letter-FINAL-1.pdf) (Shareholder letter)
- [Earnings Transcript](https://s26.q4cdn.com/656283129/files/doc_financials/2026/q2/Airbnb-Q2-2026-Earnings-Call-Transcript.pdf) (Company's official transcript)
- [Earnings Webcast](https://events.q4inc.com/attendee/603228677) (Webcast replay)
- [SEC Filings](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001559720/1cc15dc3-ddb9-420b-8e3d-162830b620a3.pdf) (Document)