Airbnb Inc (ABNB)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
Gross profit (ttm)	US$ in thousands	8,182,000	7,974,800	7,520,060	7,182,060	6,906,520	6,548,880	5,992,370	5,319,140	4,437,704
Revenue (ttm)	US$ in thousands	9,885,000	9,638,930	9,126,340	8,746,450	8,405,530	7,998,080	7,352,000	6,583,090	5,593,549
Gross profit margin		82.77%	82.74%	82.40%	82.11%	82.17%	81.88%	81.51%	80.80%	79.34%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,182,000K ÷ $9,885,000K
= 82.77%

Airbnb Inc's gross profit margin has remained consistently strong over the past eight quarters, ranging from 80.89% in Q1 2022 to 82.83% in Q4 2023. This demonstrates the company's ability to efficiently manage its cost of goods sold and generate a high percentage of revenue as gross profit. The gradual increase in gross profit margin from 80.89% in Q1 2022 to 82.83% in Q4 2023 indicates an improvement in the company's profitability. Overall, Airbnb Inc's gross profit margin trend reflects a healthy and stable financial performance, showcasing effective cost control measures and revenue generation strategies.