Airbnb Inc (ABNB)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 4,792,000 | 1,893,000 | -352,000 |
| Revenue | US$ in thousands | 9,917,000 | 8,337,000 | 5,577,050 |
| Net profit margin | 48.32% | 22.71% | -6.31% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $4,792,000K ÷ $9,917,000K
= 48.32%
The net profit margin of Airbnb Inc has shown significant variability over the past five years. The company experienced a notable improvement in its net profit margin from -135.71% in 2020 to 48.32% in 2023, indicating a substantial turnaround in profitability. This suggests that Airbnb has managed to increase its profitability relative to its revenues in recent years. However, it is important to note that the net profit margin was negative in 2020 and 2021, indicating that the company incurred losses during those periods. Overall, the upward trend in the net profit margin from 2019 to 2023 reflects a positive trajectory for Airbnb's financial performance.
Peer comparison
Dec 31, 2023