Airbnb, Inc（ABNB）の決算・業績分析
Airbnb, Incの2025年有価証券報告書をAI分析。売上高$12.2B(+10.3%)。営業利益$2.5B。Information Technology。
目次
Airbnb, Incの2025年度 業績サマリー
Airbnb, Inc（証券コード: ABNB）の2025年度決算・業績分析。売上高は$12.2B（前年比+10.3%）。営業利益は$2.5B（前年比-0.4%）。純利益は$2.5B（前年比-5.2%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Airbnb, Incの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Airbnb achieved $8.4B revenue in FY2024 (+40.2% YoY) and $1.9B net income (+637.8% YoY) (XBRL).
- Operating income surged to $1.8B (+320.0% YoY) with operating margin expanding to 21.4% (XBRL).
- Net debt reached -$4.9B (-2.6x EBITDA) with $6.9B cash reserves (XBRL).
- ROE hit 39.6% and ROA 9.2% despite a 2.61x debt-to-equity ratio (XBRL).
- Revenue CAGR over 5 years was 19.9% (XBRL).
Airbnb, Incの売上高変化の要因
- •FY2024 revenue of $8.4B reflects 40.2% YoY growth (XBRL). Historical time series shows revenue increasing from $4.8B (FY2021) to $9.9B (FY2025) (XBRL). Growth drivers include expansion of accommodations and new offerings like Experiences. Operating income improved from -$3.6B (FY2022) to $1.8B (FY2024) (XBRL).
Airbnb, Incの営業利益変化の要因
- •Operating margin expanded to 21.4% (+19.8% YoY) and net margin to 22.5% (+20.1% YoY) (XBRL). EBITDA margin was 22.0% (XBRL). Operating income grew 320.0% YoY to $1.8B (XBRL). Net income surged 637.8% YoY to $1.9B (XBRL).
Airbnb, Incの事業リスクと対応
Inability to sustain revenue growth or manage expansion (10-K).
Reliance on hosts/guests for platform success with risks of poor quality or competition (10-K).
Failure of new offerings/initiatives to gain adoption or offset costs (10-K).
High costs of global community support and dispute resolution (10-K).
Risks from international expansion including regulatory and geopolitical challenges (10-K).
Regulatory scrutiny of listings, reviews, and accommodation laws may impact supply/demand and trust (10-K).
Geopolitical risks (e.g., pandemics, political instability) could disrupt operations (10-K).
Airbnb, Incの事業内容
Airbnb operates a global marketplace connecting hosts and guests for stays and experiences (10-K). Revenue is generated through transaction fees on bookings and ancillary services like AirCover (10-K). Key products include the marketplace platform, Co-Host Network, AirCover, technology platform with AI and fraud detection, and Experiences (10-K). Competitive advantages include proprietary technology, trust system with AirCover, and scalable platform strategies (10-K).
Airbnb, IncのAI業績分析レポート（2024年度）
Airbnb, Inc. (ABNB) FY2024 Annual Report Analysis
Highlights
Business Overview
Airbnb operates a global marketplace connecting hosts and guests for stays and experiences (10-K). Revenue is generated through transaction fees on bookings and ancillary services like AirCover (10-K). Key products include the marketplace platform, Co-Host Network, AirCover, technology platform with AI and fraud detection, and Experiences (10-K). Competitive advantages include proprietary technology, trust system with AirCover, and scalable platform strategies (10-K).
Revenue Analysis
FY2024 revenue of $8.4B reflects 40.2% YoY growth (XBRL). Historical time series shows revenue increasing from $4.8B (FY2021) to $9.9B (FY2025) (XBRL). Growth drivers include expansion of accommodations and new offerings like Experiences. Operating income improved from -$3.6B (FY2022) to $1.8B (FY2024) (XBRL).
Profitability Analysis
Operating margin expanded to 21.4% (+19.8% YoY) and net margin to 22.5% (+20.1% YoY) (XBRL). EBITDA margin was 22.0% (XBRL). Operating income grew 320.0% YoY to $1.8B (XBRL). Net income surged 637.8% YoY to $1.9B (XBRL).
Balance Sheet Analysis
Equity ratio was 23.1% (XBRL). Debt-to-equity ratio was 2.61x (XBRL). Current ratio was 1.66x (XBRL). Total assets increased to $20.6B (FY2024) (XBRL). Total equity rose to $4.8B (FY2024) (XBRL). Net debt was -$4.9B (-2.6x EBITDA) (XBRL).
Cash Flow Analysis
Operating cash flow was $3.4B (XBRL). Free cash flow was $3.4B (XBRL). Investing cash flow was -$28M (XBRL). Financing cash flow was -$689M (XBRL), including $1.5B share repurchases (XBRL).
Working Capital Analysis
N/A
Risks
Outlook
N/A
Historical Time Series
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 4.8B | 3.4B | 6.0B | 8.4B | 9.9B |
| Operating Income | -502M | -3.6B | 429M | 1.8B | 1.5B |
| Net Income | -674M | -4.6B | -352M | 1.9B | 4.8B |
| Total Assets | 10.5B | 13.7B | 16.0B | 20.6B | 21.0B |
| Total Equity | -517M | -808M | 2.9B | 4.8B | 5.6B |
| Operating Cash Flow | 223M | -740M | 2.3B | 3.4B | 3.9B |
Information Technologyの企業一覧
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