Airbnb Statistics 2026
By Axis Intelligence Research
Co-author: Alex Rivera | Last updated: July 23, 2026 | License: CC BY 4.0
Airbnb generated $12.2 billion in revenue in fiscal year 2025, a 10% year-over-year increase, while facilitating 533 million nights and seats booked across more than 220 countries and regions. Gross Booking Value reached $91.3 billion for the full year, and the platform’s free cash flow hit $4.6 billion — a 38% margin — confirming a business model that converts growth into cash at a rate most consumer internet companies cannot match.
Quick Answer: Key Airbnb Statistics for 2026
According to Airbnb’s Q4 2025 shareholder letter and Form 10-K filed with the SEC on February 12, 2026, the platform’s headline metrics are:
- $12.2 billion in full-year 2025 revenue (+10% YoY)
- 533 million nights and seats booked in 2025 (+8% YoY)
- $91.3 billion Gross Booking Value in 2025 (+12% YoY)
- 9+ million active listings managed by 5.5 million hosts worldwide (Q1 2026)
- $171.29 average daily rate (ADR) per night in full-year 2025
In Q1 2026, Airbnb accelerated: revenue grew 18% to $2.7 billion, GBV rose 19% to $29.2 billion, and the ADR jumped to $186.82, signaling structural price appreciation beyond seasonal effects.
Key Findings
- According to Airbnb’s SEC 10-K for fiscal year 2025 (filed February 12, 2026), Airbnb generated $12.241 billion in revenue — its fourth consecutive year of double-digit or near-double-digit top-line growth since going public in 2020.
- According to Airbnb’s Q4 2025 shareholder letter, Gross Booking Value grew 12% to $91.3 billion in 2025, outpacing nights growth of 8%, which Axis Intelligence Research identifies as evidence of sustained average daily rate expansion across all four global regions.
- According to Airbnb’s Q1 2026 shareholder letter (filed May 7, 2026), first-time booker growth accelerated to 10% year-over-year in Q1 2026 — the highest since early 2022 — with India posting approximately 50% growth in origin nights booked and first-time booker growth exceeding 75%.
- According to Airbnb’s Form 10-K FY2025, Latin America delivered the fastest regional revenue growth at approximately 20% year-over-year in 2025, with Brazil and Mexico driving the gains; EMEA narrowed its revenue gap with North America, growing 14% to approximately $4.7 billion.
- According to Airbnb’s Q4 2025 shareholder letter, app-driven bookings reached 64% of total nights booked in Q4 2025, up from 60% one year earlier, reflecting a deliberate platform shift that drove 20% year-over-year app booking growth in the quarter.
How Much Revenue Does Airbnb Generate?
Airbnb Annual Revenue (2017–2025)
Airbnb’s revenue trajectory from 2017 to 2025 is one of consumer tech’s cleaner growth stories — the COVID-19 collapse in 2020 aside. Revenue fell from $4.8 billion in 2019 to $3.4 billion in 2020, then recovered to $5.99 billion in 2021 and surpassed its pre-pandemic peak in 2022 at $8.4 billion.
According to Airbnb’s SEC filings:
| Year | Revenue | YoY Growth |
|---|---|---|
| 2019 | $4.81B | — |
| 2020 | $3.38B | -30% |
| 2021 | $5.99B | +77% |
| 2022 | $8.40B | +40% |
| 2023 | $9.92B | +18% |
| 2024 | $11.10B | +12% |
| 2025 | $12.24B | +10% |
Sources: Airbnb Form 10-K FY2025, SEC EDGAR; Airbnb Form 10-K FY2023
The deceleration from 77% to 10% is not a warning sign — it is what $12 billion companies do. The floor matters: Airbnb’s operating income held at $2.544 billion in 2025, essentially flat from $2.553 billion in 2024, while the top line grew by $1.1 billion. That is not margin erosion; it is deliberate reinvestment ahead of the hotel pilot, the AI infrastructure buildout, and the expansion markets. The EBITDA margin story remains intact at 35%.
According to Axis Intelligence Research, Airbnb’s revenue per employee reached approximately $1.49 million in fiscal year 2025 — calculated by dividing full-year revenue of $12.241 billion by the 8,200-person workforce reported in the 10-K (Airbnb Form 10-K FY2025, filed February 12, 2026). This figure places Airbnb among the most capital-light large-scale consumer platforms in operation, a direct consequence of the asset-light model: the company owns no properties, maintains no hotel inventory, and outsources the vast majority of community support to approximately 13,000 third-party workers.
Q1 2026: Acceleration, Not Plateau
Airbnb’s first quarter of 2026 confirmed that the deceleration narrative misread the data. Revenue of $2.678 billion represented 18% year-over-year growth — well above both Q4 2025’s 12% and the 14–16% guidance the company had issued. GBV grew 19% to $29.2 billion, the fastest quarterly GBV growth rate in more than two years. Management raised full-year 2026 guidance from “at least low double digits” to “low to mid teens.”
The detail worth marking: the ADR in Q1 2026 was $186.82, up 9% from Q1 2025’s $171.34. Excluding FX effects, ADR still rose 4% — which means price appreciation, not currency, is the structural driver. A guest spending the same amount in local currency is paying more on Airbnb than a year ago.
How Many Bookings Does Airbnb Process?
Nights and Seats Booked: Quarterly Breakdown
According to Airbnb’s quarterly shareholder letters, the trajectory of nights and seats booked across nine consecutive quarters demonstrates steady volume growth with minimal volatility — a platform whose demand is durable rather than event-driven.
| Quarter | Nights & Seats Booked | YoY Growth |
|---|---|---|
| Q1 2024 | 132.6M | +9% |
| Q2 2024 | 125.1M | +9% |
| Q3 2024 | 122.8M | +8% |
| Q4 2024 | 111.0M | +12% |
| Q1 2025 | 143.1M | +8% |
| Q2 2025 | 134.4M | +7% |
| Q3 2025 | 133.6M | +9% |
| Q4 2025 | 121.9M | +10% |
| Q1 2026 | 156.2M | +9% |
Source: Airbnb Q4 2025 Shareholder Letter; Airbnb Q1 2026 Shareholder Letter, filed May 7, 2026
The Q4 2025 print — 121.9 million — was the strongest growth quarter of that year despite being the seasonally weakest period. Q1 2026 set an all-time quarterly record at 156.2 million, beating the prior record Q1 2025 figure of 143.1 million by 9%.
The seasonality pattern is consistent: Q3 peaks (summer travel in North America and EMEA), Q4 troughs. What has shifted is the Q4 floor — it has risen from 98.8 million in Q4 2023 to 121.9 million in Q4 2025, a 23% increase in the off-season baseline. Reserve Now, Pay Later, which accounted for approximately 20% of global GBV in Q1 2026, is pulling bookings forward in time — guests committing earlier, which compresses seasonal troughs.
What the Axis Intelligence Research GBV Acceleration Ratio Shows
Axis Intelligence Research developed a proprietary metric — the GBV Acceleration Ratio — to measure how efficiently Airbnb converts booking volume growth into gross transaction value. The ratio is defined as:
GBV Acceleration Ratio = GBV_YoY% ÷ Nights_YoY%
A ratio above 1.0 indicates that gross value is growing faster than booking volume, which means the average transaction is worth more — either through price appreciation, longer stays, or higher-value property mix.
Inputs are drawn directly from Airbnb’s quarterly shareholder letters:
| Quarter | Nights YoY | GBV YoY | GBV Accel. Ratio |
|---|---|---|---|
| Q1 2024 | +9% | +12% | 1.33 |
| Q2 2024 | +9% | +11% | 1.22 |
| Q3 2024 | +8% | +10% | 1.25 |
| Q4 2024 | +12% | +13% | 1.08 |
| Q1 2025 | +8% | +7% | 0.88 |
| Q2 2025 | +7% | +11% | 1.57 |
| Q3 2025 | +9% | +14% | 1.56 |
| Q4 2025 | +10% | +16% | 1.60 |
| Q1 2026 | +9% | +19% | 2.11 |
Methodology: GBV Acceleration Ratio = (GBV YoY growth %) / (Nights and Seats Booked YoY growth %). Inputs sourced from Airbnb Q4 2025 and Q1 2026 shareholder letters filed with the SEC. Baseline reading established with Q1 2024 data; ratio measures structural monetization momentum, not a forward guarantee.
According to Axis Intelligence Research, the ratio has held above 1.0 in seven of nine measured quarters since Q1 2024, with only Q1 2025 briefly dipping below parity at 0.88. The Q1 2026 reading of 2.11 — meaning GBV grew at more than twice the pace of booking volume — is the highest in the measured period. This is partly FX-driven (the Q1 2026 letter noted a 6-point difference between reported and constant-currency GBV growth), but the ex-FX ADR still rose 4%, confirming that real price appreciation is sustaining the ratio independent of currency effects.
What Is Airbnb’s Average Daily Rate?
ADR Trend (2023–Q1 2026)
The average daily rate — defined by Airbnb as GBV divided by Nights and Seats Booked — is the clearest single proxy for Airbnb’s pricing power.
| Quarter | ADR |
|---|---|
| Q1 2023 | $168.43 |
| Q2 2023 | $166.01 |
| Q3 2023 | $161.38 |
| Q4 2023 | $156.73 |
| Q1 2024 | $172.88 |
| Q2 2024 | $169.53 |
| Q3 2024 | $163.64 |
| Q4 2024 | $158.13 |
| Q1 2025 | $171.34 |
| Q2 2025 | $174.48 |
| Q3 2025 | $171.29 |
| Q4 2025 | $167.51 |
| Q1 2026 | $186.82 |
Source: Airbnb Q4 2025 Shareholder Letter, filed February 12, 2026; Airbnb Q1 2026 Shareholder Letter, filed May 7, 2026
The platform’s ADR exhibits strong seasonal patterns — Q1 peaks in early-year bookings, Q4 at year-end lows — but the year-over-year direction across 2025 and into 2026 is unambiguously upward. The Q1 2026 reading of $186.82, up 9% from Q1 2025, reflects three simultaneous effects: FX tailwinds as the dollar weakened against major currencies, mix shift toward larger properties and longer lead times driven by Reserve Now Pay Later adoption, and genuine price appreciation confirmed by the 4% ex-FX ADR increase.
The divergence between ADR growth (9%) and nights growth (9%) in Q1 2026 puts the GBV growth at 19% — confirming the algebra behind the GBV Acceleration Ratio.
Where Does Airbnb Generate Revenue? Regional Breakdown
Revenue by Region (FY 2025)
According to Airbnb’s Form 10-K for fiscal year ended December 31, 2025 (filed with the SEC on February 12, 2026):
| Region | Revenue | YoY Growth | Share of Total |
|---|---|---|---|
| North America | ~$5.2B | +4% | ~42.5% |
| EMEA | ~$4.7B | +14% | ~38.4% |
| Latin America | ~$1.16B | ~+20% | ~9.5% |
| Asia Pacific | ~$1.18B | +17% | ~9.6% |
Source: Airbnb Form 10-K FY2025, Item 7 Management Discussion, filed February 12, 2026, SEC EDGAR. The 10-K confirms 61% of FY2025 revenue was generated from listings outside the United States.
North America remains the revenue anchor, but EMEA is closing the gap fast. EMEA’s 14% growth against North America’s 4% means the European, Middle East, and Africa region narrowed the dollar differential by roughly $650 million in a single year. At current growth differentials, EMEA surpasses North America within four to five years — assuming neither region’s growth rate changes materially, which they will.
Latin America is the story of 2025 and early 2026. Brazil alone drove origin nights booked up over 20% for three consecutive quarters through Q1 2026. India, not yet a named region, ran approximately 50% growth in origin nights for two consecutive quarters (Q4 2025 and Q1 2026), with first-time booker growth above 75% in Q1 2026. Those are not gradual adoption curves; they are inflection-point numbers in two of the world’s largest consumer markets, both still operating far below long-term penetration equilibrium.
The 10-K also confirms that the majority of Airbnb’s business is concentrated in five countries — a candid disclosure that simultaneously acknowledges the concentration risk and maps the addressable opportunity. Expansion markets grew at roughly twice the pace of core markets throughout 2025 and Q1 2026.
How Many Listings and Hosts Does Airbnb Have?
Active Listings and Host Base
According to Airbnb’s Q4 2025 shareholder letter and Form 10-K FY2025:
- 9+ million active listings globally at end of 2025
- 5 million hosts as of the 10-K publication date (end of 2025)
- 5.5 million hosts as of the Q1 2026 shareholder letter (May 7, 2026)
- Over 220 countries and regions where Airbnb operates
- More than 150,000 cities with listed properties
The 500,000-host increase from year-end 2025 to Q1 2026 — a single quarter — reflects the global host recruitment push tied to FIFA World Cup 2026. According to the Q1 2026 shareholder letter, over 100,000 homes across 16 World Cup host cities listed on Airbnb for the first time between October 2025 and the letter’s publication date.
The Co-Host Network, launched in late 2024, reached over 15,000 co-hosts managing more than 100,000 listings across approximately 12 countries. This matters structurally: co-hosts lower the barrier to entry for casual or first-time hosts who want professional management without handing a property to a full-service property manager. Airbnb’s data shows that hosts who begin with a one-off event — the Olympics, the World Cup — continue listing after the event ends at meaningful rates.
Airbnb removed over 550,000 listings between 2023 and end of 2025 through its updated hosting quality system, while still growing the active listing base. The net addition math is unflattering to platforms that pad supply with low-quality inventory: Airbnb shed unqualified listings while growing total bookings faster than the industry.
Where Are Airbnb’s Listings Concentrated?
The United States holds the largest concentration of Airbnb listings globally. At the time of writing, the top listing cities in the US include New York, Los Angeles, Miami, Chicago, and Nashville, though New York’s regulatory environment (which effectively banned short-term rentals in 2023) materially reduced the US supply in that market. Florida, Texas, and California account for significant shares of total US listings.
The 85% of hosts located outside the United States (as of Airbnb’s own disclosures) means the platform’s supply diversity vastly exceeds its revenue concentration — a structural asymmetry that defines both the growth opportunity and the regulatory exposure.
What Are Airbnb’s Profitability Metrics?
Net Income, EBITDA, and Free Cash Flow
According to Airbnb’s Form 10-K FY2025 and Q4 2025 shareholder letter:
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | $12.241B | $11.102B | +10% |
| Net Income | $2.511B | $2.648B | -5% |
| Adj. EBITDA | $4.3B | $4.0B | +8% |
| Adj. EBITDA Margin | 35% | 36% | -1pp |
| Free Cash Flow | $4.6B | $4.5B | +2% |
| FCF Margin | 38% | 40% | -2pp |
| Operating Income | $2.544B | $2.553B | flat |
Source: Airbnb Form 10-K FY2025, Condensed Consolidated Statements of Operations, filed February 12, 2026, SEC EDGAR. (abnb-20251231.htm)
The net income decline from $2.648 billion to $2.511 billion reflects two specific factors: approximately $90 million in non-income tax items booked in Q4 2025, and a $213 million valuation allowance against CAMT credits — both one-time accounting events, not operational deterioration. Operating income was essentially flat at $2.544 billion, and the 35% EBITDA margin signals a business that has reached sustainable cash generation, not one in distress.
The FCF figure deserves context: $4.6 billion in free cash flow on $12.2 billion in revenue is a 38% margin. For reference, Airbnb’s capital expenditure in 2025 was $33 million — the company spending $33 million to sustain a platform processing $91 billion in gross bookings is perhaps the starkest illustration of the capital-light model’s economics.
In Q1 2026, FCF was $1.704 billion on $2.678 billion in revenue — a 64% quarterly FCF margin, influenced by Reserve Now Pay Later’s effect on the timing of unearned fees. The trailing twelve-month FCF through Q1 2026 was $4.536 billion at a 36% margin.
What Does Airbnb Charge? Fee Structure and Take Rate
The Implied Take Rate
Airbnb does not publish a formal, consolidated take rate, but the figure is derivable from SEC-reported data. Axis Intelligence Research calculates the implied take rate as: Revenue ÷ Gross Booking Value.
| Year | Revenue | GBV | Implied Take Rate |
|---|---|---|---|
| 2022 | $8.40B | ~$63.2B | ~13.3% |
| 2023 | $9.92B | ~$73.3B | ~13.5% |
| 2024 | $11.10B | $81.8B | 13.6% |
| 2025 | $12.24B | $91.3B | 13.4% |
Source: Airbnb Form 10-K FY2025, filed February 12, 2026. Formula: Implied Take Rate = Annual Revenue ÷ Annual GBV. Derived metric; Airbnb does not publish an official annual take rate figure. Quarterly take rates differ due to booking/stay timing differences.
The Q4 2025 quarterly take rate was 13.6%, down from 14.1% in Q4 2024, partly due to FX effects and the timing mismatch between when guests book (revenue is recognized at check-in, not booking). Q1 2026 take rate held at 9.2%, consistent with 9.3% in Q1 2025 — seasonally lower because Q1 captures booking revenue that check-ins translate to in Q2 and Q3.
Starting October 2025, Airbnb began migrating hosts to a 15.5% single service fee structure, replacing the previous split model (hosts paid ~3%, guests paid a separate 14% service fee). According to the Q4 2025 shareholder letter, most non-PMS hosts were on the new structure by December 2025. This simplification — a single upfront price for guests — is expected to lift the take rate modestly through 2026 as adoption completes globally.
Airbnb Market Share and Competitive Position
The Short-Term Rental Market
The global short-term rental market was valued at approximately $149.2 billion in 2025, according to Grand View Research (June 2026). The market is projected to reach $165.7 billion in 2026 and expand at an 11.8% compound annual growth rate through 2033.
Airbnb’s $91.3 billion in GBV represents approximately 61% of the Grand View Research market estimate — a figure that requires a methodological caveat. Airbnb’s GBV includes host earnings, service fees, cleaning fees, and taxes, and is broader than some market sizing definitions that strip out ancillary fees. The range for Airbnb’s “true” market share of the short-term rental transaction market sits between 40% and 60% depending on the methodology applied.
A cleaner competitive comparison comes from Skift Research, which estimated that Airbnb, Booking.com, and Expedia/Vrbo collectively held 71% of global short-term rental revenue in 2024 — up from 53% in 2019. According to Skift (March 2025), Airbnb’s individual market share rose from 28% in 2019 to 44% in 2024, with Booking.com expanding from 14% to 18% and Vrbo declining from 11% to 9%. The remaining 29% is split among regional and independent platforms.
That consolidation pattern has not plateaued. The big three’s combined 71% came at the expense of platforms below them, and the trajectory favors further concentration. Airbnb’s specific advantages — brand recognition, mobile-first app penetration (64% of bookings via app in Q4 2025), and unique inventory that OTAs can only partially replicate — make its 44% share defensible in a way that scale-neutral inventory aggregators’ positions are not.
According to Airbnb’s 10-K, the company competes with Booking Holdings (including Booking.com), Expedia Group (including VRBO), Trip.com Group, and regional OTAs — as well as directly with hotel chains such as Marriott, Hilton, Accor, and Wyndham. The hotel pilot launched in Q4 2025, with direct partnerships with boutique and independent hotels in New York, Los Angeles, Madrid, and San Francisco, signals an intention to compete with OTAs on their own territory rather than cede hotel inventory to Booking.com.
How Much Do Airbnb Hosts Earn?
Host Earnings Data
Host earnings on Airbnb span a wide distribution, and the “average” figure depends heavily on which dataset is consulted and which hosts are included.
According to Airbnb’s own news release (published at news.airbnb.com), the typical US host earned approximately $14,000 in supplemental income in 2022, with US hosts collectively earning $22 billion that year. Airbnb has not updated this headline figure in subsequent annual disclosures.
AirDNA, a short-term rental analytics firm, estimated the average annual US host earnings at $44,235 in 2025 — a figure that reflects active, full-time operators more than the casual part-time hosts included in Airbnb’s self-reported $14,000 figure. The divergence is methodological, not contradictory: professional hosts running entire-home listings in high-demand markets pull the mean up sharply from the median of part-time room renters.
The data points that matter for hosts making actual decisions:
- AirDNA’s median US Airbnb income: approximately $2,408 per month in 2025
- Top markets (Vail, Colorado): $15,842 per month at the top decile
- Top markets (Kihei, Hawaii): $10,867 per month at the top decile
- National median hosts in the bottom quartile: approximately $20,000 per year
According to Airbnb’s 10-K, Airbnb’s AirCover for Hosts program provides property damage protection of up to $3 million per stay and liability coverage of up to $1 million per occurrence — a host-protection package the company uses as a competitive differentiator to recruit and retain supply.
Since platform inception, Airbnb reports that hosts globally have collectively earned over $300 billion — a cumulative figure drawing on internal booking records. That cumulative figure exceeds the company’s own total GBV since 2008, which is internally consistent: host payouts represent the GBV net of Airbnb’s service fees and after adjusting for cleaning fees and taxes retained by hosts separately.
Host Demographics
- 85% of Airbnb hosts are located outside the United States
- 56% of hosts globally are women (per Airbnb platform disclosures; US figure slightly higher at ~55%)
- The fastest-growing host demographic globally is seniors, with over 400,000 senior hosts active on the platform
How Is Airbnb Growing Internationally?
Expansion Markets: India, Brazil, Japan
The three markets receiving the most explicit growth investment as of mid-2026 are India, Brazil, and Japan — each at a different stage of platform maturity.
India is Airbnb’s highest-momentum market by growth rate. According to Airbnb’s Q1 2026 shareholder letter, origin nights booked in India grew approximately 50% year-over-year for the second consecutive quarter in Q1 2026, and first-time booker growth in India accelerated to over 75% year-over-year. These are not mature-market figures; they reflect a country where short-term rental platforms are replacing informal lodging networks at scale.
Brazil drove origin nights booked up over 20% for three consecutive quarters through Q1 2026. First-time booker growth was 22% in Q1 2026. Mexico, within Latin America, posted double-digit nights growth. Airbnb attributes the region’s outperformance to hyper-local marketing and product-market fit improvements — localized cancellation policies, local payment methods, and country-specific pricing tools.
Japan continued its domestic travel expansion, underpinned by strong inbound tourism demand and Airbnb’s expansion playbook of making the platform locally relevant. The Olympic Games Milan Cortina 2026 partnership demonstrated the event-host acquisition model: nearly 200,000 guests stayed through Airbnb during the Games, supply in the Milan region grew approximately 30%, and the marketing campaign generated around 1 billion impressions.
According to Airbnb’s Q1 2026 shareholder letter, origin nights booked in expansion markets grew at roughly twice the rate of core markets over the trailing twelve months through Q1 2026 — consistent with the 2025 full-year result.
How Is AI Changing Airbnb’s Operations?
AI in Customer Support and Product Development
According to Airbnb’s Q1 2026 shareholder letter, nearly 60% of the code produced by Airbnb’s engineers is now co-authored with AI — roughly twice the industry average by the company’s own estimate.
The most operationally measurable AI impact is in customer support. For guests who contact support through Airbnb’s AI assistant:
- Over 40% of issues are resolved without a human agent in Q1 2026, up from roughly one-third in Q4 2025
- Cost-per-booking decreased approximately 10% year-over-year in Q1 2026
- AI customer support was rolled out for English, French, and Spanish speakers across the US, Canada, and Mexico as of Q4 2025, with a global rollout planned for 2026
The customer support efficiency gain is compounding: Airbnb serves 156 million nights booked per quarter, so a 10% reduction in cost-per-booking at scale represents a nine-figure annual structural saving. According to the Q1 2026 shareholder letter, Airbnb intends to continue improving AI customer support throughout 2026.
The “Project Y” continuous shipping model — introduced in Q4 2025 analysis — represented a strategic shift from biannual major releases to continuous, incremental product improvements. According to rentalscaleup.com’s analysis of the Q4 2025 results, Airbnb attributed Q4 bookings growth to “hundreds of small improvements” including better search filters, simplified checkout flows, and Reserve Now Pay Later adoption. That model has been scaled: by Q1 2026, the company was shipping code faster, and the Q1 2026 product pipeline generated 10% first-time booker growth — the highest in four years.
What Is Airbnb’s Regulatory Position?
Short-Term Rental Regulation: Key Markets
According to Airbnb’s Form 10-K FY2025, the company is subject to “an evolving array of laws, regulations, and rules at the local, city, state, and national levels worldwide.” Several specific developments are material:
New York City (2023–present): Local Law 18 implemented registration requirements that resulted in a de facto ban on short-term rentals. Airbnb’s 10-K explicitly flags this as a precedent that other jurisdictions may follow. The NYC ban removed a significant supply pool from one of Airbnb’s historically largest US markets.
Italy (2017–2025 tax settlements): Airbnb Ireland signed a settlement with the Italian Revenue Agency in December 2023 for 576 million Euro covering 2017–2021. A subsequent settlement for the 2022 audit period totaled 139 million Euro (December 2024), and a January 2025 settlement for 2023 was 179 million Euro. Combined: approximately 894 million Euro in Italian tax settlement payments over three years.
Spain (2025): The Spanish Ministry of Consumer Affairs proposed a fine of approximately 65 million Euro ($76 million) in connection with alleged non-compliance with short-term rental listing regulations.
EU Short-Term Rental Regulation: The EU STR Regulation entered into force in May 2026, requiring enhanced host transparency, listing registration, and data reporting to local authorities. Compliance is expected to add operational costs and may reduce supply in some EU markets.
According to Axis Intelligence Research, the regulatory headwind is real but geographically uneven. The markets imposing the most restrictive rules — New York, Amsterdam, Barcelona — are saturated supply markets where Airbnb has ample alternative demand and where hotel alternatives absorb displaced guests. The expansion markets driving growth (India, Brazil, Japan) are either under-regulated or in the early stages of developing short-term rental frameworks, which gives Airbnb the runway to establish platform norms before restrictions arrive.
Airbnb Statistics: Financial Performance at a Glance
| Metric | Q1 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Revenue | $2.678B | $12.241B | $11.102B |
| Gross Booking Value | $29.2B | $91.3B | $81.8B |
| Nights & Seats Booked | 156.2M | 533.0M | 491.5M |
| ADR | $186.82 | $171.29* | $166.32* |
| Net Income | $160M | $2.511B | $2.648B |
| Adj. EBITDA | $519M | $4.3B | $4.0B |
| Free Cash Flow | $1.704B | $4.6B | $4.5B |
| Active Listings | 9M+ | 9M+ | 8M+ |
| Hosts | 5.5M | 5M+ | 5M+ |
FY ADR approximated from annual GBV ÷ annual nights booked. Source: Airbnb Q1 2026 Shareholder Letter (May 7, 2026); Airbnb Q4 2025 Shareholder Letter (February 12, 2026); Airbnb Form 10-K FY2025, SEC EDGAR.
Methodology
How Axis Intelligence Research Assembled This Data
All quantitative claims in this article trace to one of the following primary sources, each fetched and reviewed during the production of this article:
- Airbnb Form 10-K FY2025 — annual report for the year ended December 31, 2025, filed with the SEC on February 12, 2026 (accession number 0001559720-26-000004). Available at: https://www.sec.gov/Archives/edgar/data/1559720/000155972026000004/abnb-20251231.htm
- Airbnb Q4 2025 Shareholder Letter — filed alongside the 10-K on February 12, 2026. Available at: https://s26.q4cdn.com/656283129/files/doc_financials/2025/q4/Airbnb_Q4-2025-Shareholder-Letter-Final.pdf
- Airbnb Q1 2026 Shareholder Letter — filed May 7, 2026. Available at: https://s26.q4cdn.com/656283129/files/doc_financials/2026/q1/Airbnb_Q1-2026-Shareholder-Letter.pdf
- Airbnb Q4 2025 financial results press release — published at news.airbnb.com on February 12, 2026.
- Airbnb Q1 2026 financial results press release — published at news.airbnb.com on May 7, 2026.
- Airbnb “Hosts in the US Earned $22 Billion” press release — Airbnb newsroom, covering 2022 host earnings. Available at news.airbnb.com.
- Skift Research (March 2025) — short-term rental market share analysis, “Short-Term Rentals: Airbnb’s Dominance and Booking’s Gains.” Available at skift.com.
- Grand View Research (June 2026) — short-term vacation rental market size report.
The Axis GBV Acceleration Ratio
The GBV Acceleration Ratio is an Axis Intelligence Research proprietary metric. It is defined as (GBV YoY growth %) ÷ (Nights and Seats Booked YoY growth %). A ratio above 1.0 indicates that gross value is expanding faster than booking volume — i.e., the average transaction size is rising. The metric is derived purely from Airbnb’s SEC-reported quarterly performance data.
Limitations: The ratio captures both real price appreciation and FX effects. On an ex-FX basis, ADR gains are smaller than reported ADR gains, which means the ex-FX ratio is lower than reported. Users should consult both the reported and ex-FX ADR data from Airbnb’s quarterly letters when evaluating the ratio in isolation. The metric does not capture mix shift effects (shift toward larger properties or longer stays) separately from price inflation. The baseline begins with Q1 2024; there is no historical comparator series.
Revenue per Employee Metric
Axis Intelligence Research calculates revenue per employee as: full-year revenue ÷ employee headcount reported in the 10-K. The FY2025 figure of approximately $1.49 million per employee ($12.241B ÷ 8,200 employees) reflects only the direct Airbnb workforce and excludes the approximately 13,000 third-party community support contractors disclosed in the 10-K. Including contractors would reduce the per-capita figure but the metric as defined is standard for capital-light platform comparisons.
About This Dataset
The downloadable CSV file associated with this article covers Airbnb financial and operational metrics from Q1 2023 through Q1 2026, sourced exclusively from Airbnb’s SEC filings and shareholder letters. The dataset includes quarterly and annual revenue, GBV, nights booked, ADR, net income, free cash flow, regional revenue breakdowns, and the Axis GBV Acceleration Ratio series.
The dataset is updated when Airbnb files its quarterly earnings (typically February, May, August, and November). The next planned update is upon the Q2 2026 earnings release, expected in August 2026.
License: CC BY 4.0. You are free to share and adapt this dataset for any purpose, provided you attribute Axis Intelligence Research as the source.
Citation:
- APA: Axis Intelligence Research. (2026). Airbnb Statistics 2026. axis-intelligence.com/airbnb-statistics/
- MLA: Axis Intelligence Research. “Airbnb Statistics 2026.” Axis Intelligence Research, 2026, axis-intelligence.com/airbnb-statistics/.
- Chicago: Axis Intelligence Research. “Airbnb Statistics 2026.” Axis Intelligence Research. 2026. https://axis-intelligence.com/airbnb-statistics/.
Frequently Asked Questions
How much revenue does Airbnb make per year?
According to Airbnb’s Form 10-K for fiscal year 2025, filed with the SEC on February 12, 2026, Airbnb generated $12.241 billion in revenue during the year ended December 31, 2025 — a 10% increase from $11.102 billion in 2024. In Q1 2026, revenue grew 18% year-over-year to $2.678 billion, and management raised full-year 2026 guidance to “low to mid teens” growth.
How many people use Airbnb?
Airbnb reported 200 million active users in 2020 and has not published an updated figure since. Third-party estimates range from 250 million to 290 million active users as of 2025. As of Q1 2026, Airbnb has welcomed over 2.5 billion cumulative guest arrivals since founding, per the Q1 2026 shareholder letter. In Q1 2026, first-time booker growth was 10% year-over-year — the highest since early 2022.
How many listings does Airbnb have in 2026?
According to Airbnb’s Q4 2025 shareholder letter, Airbnb ended 2025 with over 9 million active listings. The listing base has grown in 2026, with over 100,000 first-time listers in World Cup host cities recorded between October 2025 and May 2026. Active listings grew relatively in-line with nights booked growth in Q1 2026.
What is Airbnb’s market share in short-term rentals?
According to Skift Research (March 2025), Airbnb held approximately 44% of global short-term rental revenue in 2024, up from 28% in 2019. The three largest platforms — Airbnb, Booking.com, and Expedia/Vrbo — collectively held 71% of the market in 2024, up from 53% in 2019. Smaller regional and independent platforms have seen their combined share fall from 47% to 29% over the same period.
How much do Airbnb hosts make?
According to Airbnb’s own 2022 disclosure, the typical US host earned approximately $14,000 in supplemental income annually, with US hosts collectively earning $22 billion that year. AirDNA estimated average annual US host earnings at $44,235 in 2025, a figure reflecting full-time operators. Median US Airbnb host revenue was approximately $2,408 per month in 2025 per AirDNA, with wide variance by market: top-decile hosts in Vail, Colorado earned approximately $15,842 per month.
Is Airbnb profitable?
Yes. According to Airbnb’s Form 10-K FY2025, the company generated $2.511 billion in GAAP net income and $4.6 billion in free cash flow in fiscal year 2025. The adjusted EBITDA margin was 35%. Airbnb has been GAAP profitable continuously since fiscal year 2022. The net income decline from $2.648 billion in 2024 to $2.511 billion in 2025 reflects approximately $90 million in non-income tax items and a $213 million valuation allowance against CAMT credits — both one-time items.
What countries is Airbnb growing fastest in 2026?
According to Airbnb’s Q1 2026 shareholder letter, India posted approximately 50% growth in origin nights booked and over 75% first-time booker growth in Q1 2026 — the second consecutive quarter at those rates. Brazil drove origin nights up over 20% for three consecutive quarters through Q1 2026. Japan continues to see strong domestic travel growth. Collectively, Airbnb’s expansion markets grew origin nights at roughly twice the pace of core markets over the trailing twelve months through Q1 2026.
What is Airbnb’s fee structure in 2026?
Airbnb began transitioning to a 15.5% single service fee structure in October 2025. Under the previous model, most hosts paid a 3% host fee and guests paid a separate service fee of approximately 14%. Under the new structure, a single 15.5% fee applies, allowing guests to see the full price upfront. According to the Q4 2025 shareholder letter, most non-property-management-software hosts were on the new structure by December 2025, with global expansion planned through 2026.
How does Airbnb’s Q1 2026 compare to expectations?
According to Airbnb’s Q1 2026 shareholder letter and the May 7, 2026 earnings release, Q1 2026 revenue of $2.678 billion exceeded the high end of guidance ($2.59–$2.63 billion range). GBV of $29.2 billion beat analyst estimates of approximately $27.82 billion. Nights and seats booked of 156.2 million also surpassed estimates. Following the beat, management raised full-year 2026 revenue growth guidance from “at least low double digits” to “low to mid teens.”
Internal Links
- Gig Economy Statistics — host earnings data in the broader context of platform labor income
- Chrome Statistics