Airbnb Inc (ABNB)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Gross profit US$ in thousands 8,214,000 6,838,000 4,421,210
Revenue US$ in thousands 9,917,000 8,337,000 5,577,050
Gross profit margin 82.83% 82.02% 79.28%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $8,214,000K ÷ $9,917,000K
= 82.83%

The gross profit margin of Airbnb Inc has shown a consistent upward trend over the past five years, indicating strong performance in managing production costs and generating revenue from its core operations. The company's gross profit margin increased from 75.10% in 2019 to 82.83% in 2023, reflecting improved efficiency in cost control and revenue generation. This steady improvement in gross profit margin suggests that Airbnb Inc has been successful in maintaining a high level of profitability relative to its revenue, which is a positive indicator of the company's financial health and operational efficiency.


Peer comparison

Dec 31, 2023

Company name
Symbol
Gross profit margin
Airbnb Inc
ABNB
82.83%
ABM Industries Incorporated
ABM
4.05%
Frontdoor Inc
FTDR
49.72%
Rollins Inc
ROL
15.79%

See also:

Airbnb Inc Gross Profit Margin