Airbnb Inc (ABNB)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating income	US$ in thousands	1,518,000	1,802,000	429,000
Revenue	US$ in thousands	9,917,000	8,337,000	5,577,050
Operating profit margin		15.31%	21.61%	7.69%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,518,000K ÷ $9,917,000K
= 15.31%

Airbnb Inc's operating profit margin has shown fluctuations over the past five years. The company achieved a relatively healthy operating profit margin of 15.31% in 2023, indicating that for every dollar in revenue, the company generated 15.31 cents in operating profit. This represents a decrease compared to the previous year, when the operating profit margin was higher at 22.51%.

In 2021, Airbnb experienced a lower operating profit margin of 9.05%, indicating a decrease in profitability compared to the prior year. The company faced challenges in 2020 with an operating profit margin of -102.04%, which suggests that the company incurred more operating expenses than the revenue generated. This significant decline in profitability could be attributed to the impact of the COVID-19 pandemic on the travel industry.

Looking back to 2019, Airbnb had a negative operating profit margin of -10.56%, indicating a continued struggle with profitability. The company's efforts to improve operational efficiency and cost management seem to have positively impacted the operating profit margin in the later years.

Overall, Airbnb's operating profit margin has fluctuated significantly over the past five years, with some years showing positive profitability and others experiencing challenges. Monitoring the operating profit margin is crucial for assessing the company's operational efficiency and profitability levels.