Company / Operating Margin
Airbnb Operating Margin History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
20.8%
FY2025
5-year range
7.2% / 23.0%
FY2021-FY2025
Trend
-9.7%
vs FY2024
Sector context
#26 of 195
Consumer Discretionary
What the data says
Airbnb's operating margin of 20.8% is higher than 87% of companies in the Consumer Discretionary sector (FY2025). Operating Margin has fluctuated over the past 6 years, ranging from -10.4% in FY2019 to 23.0% in FY2024.
Based on SEC 10-K filings.
20.8% in FY2025 with a 3-year CAGR of -0.7%. Top quartile in the Consumer Discretionary sector.
Improved from 15.3% to 20.8% over the past 2 years.
Consumer Discretionary sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -0.7pp
- 5-Year Change
- -
- 10-Year Change
- -
Sector benchmark
+479.5% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 9.7% year-over-year.
- Currently 17.2pp above the Consumer Discretionary sector average.
- Peak operating margin was recorded in FY2024.
- Lowest operating margin in the period was in FY2019.
Company context
Key Data Points
- Altman Z-Score 1.11 (distress zone, below 1.8 threshold)
- Strong profit margin: 22.0%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 30.6%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 20.8% | -9.7% |
| FY2024 | 23.0% | +50.2% |
| FY2023 | 15.3% | -28.6% |
| FY2022 | 21.4% | +199.6% |
| FY2021 | 7.2% | - |
| FY2020 | - | - |
| FY2019 | -10.4% | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026