Airbnb Inc (ABNB)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 9,224,000 | 8,214,000 | 6,838,000 | 4,421,210 |
| Revenue | US$ in thousands | 11,102,000 | 9,917,000 | 8,337,000 | 5,577,050 |
| Gross profit margin | 83.08% | 82.83% | 82.02% | 79.28% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $9,224,000K ÷ $11,102,000K
= 83.08%
Based on the data provided for Airbnb Inc's gross profit margin over the years, the company has shown a consistent improvement in this key financial metric. The gross profit margin stood at 79.28% as of December 31, 2021, and has been steadily increasing since then. By December 31, 2022, the gross profit margin had increased to 82.02%, reflecting the company's ability to effectively manage its cost of goods sold.
Continuing this positive trend, Airbnb Inc's gross profit margin further improved to 82.83% by December 31, 2023, indicating enhanced operational efficiency and potentially better pricing strategies. The most recent data point, as of December 31, 2024, shows a gross profit margin of 83.08%, underlining the company's continued focus on maximizing profitability.
Overall, Airbnb Inc's increasing gross profit margin signifies that the company is effectively generating revenue from its core business activities while managing direct costs efficiently. This trend bodes well for the company's financial health and indicates a stronger position in its industry.
Peer comparison
Dec 31, 2024