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