ABNB · Airbnb, Inc.
10-Q filed 2026-08-06 period 2026-06-30
90 Strong
confidence high · source filing on SEC.gov ↗
- Revenue grew 17% year-over-year to $3.6 billion in Q2 2026, driven by a 10% increase in Nights and Seats Booked and higher Average Daily Rates.
- Airbnb issued $2.5 billion in Senior Notes in March 2026, using $2.0 billion to fully repay its maturing 2026 convertible notes, which will increase ongoing cash interest obligations.
- The expansion of the Reserve Now, Pay Later (RNPL) option has led to higher cancellation rates and shifted the timing of cash collections, impacting unearned fees growth.
vs. prior filing (10-Q filed 2026-05-07)
FHS 88 → 90 (+2) · Strong -> Strong
Profitability +7Balance sheet +0Cash generation +0Risk flags -5Mgmt signal +8
Filing Health Score pillars
Profitability 25%
92
According to the MD&A Second Quarter Financial Highlights, revenue grew 17% to $3.6 billion, outpacing a 15% increase in operating expenses and driving net income up 27% to $816 million.
Balance sheet 20%
90
As shown in the Condensed Consolidated Balance Sheets, Airbnb holds $12.1 billion in cash and short-term investments against $2.5 billion in long-term debt, with share repurchases reducing basic weighted-average shares from 615 million to 592 million year-over-year.
Cash generation 20%
95
As detailed in the MD&A Free Cash Flow Reconciliation, Airbnb generated $1.3 billion in operating cash flow and $1.25 billion in free cash flow for Q2 2026, representing a high FCF margin of 35% with minimal capital expenditure of $17 million.
Risk flags 20%
85
The MD&A notes that the Middle East conflict has impacted booking trends and that the expansion of Reserve Now, Pay Later (RNPL) has introduced higher cancellation rates and shifted cash collection timing, though no going-concern or material control issues were reported.
Mgmt signal 15%
88
In the MD&A, management signals strong momentum in international expansion, particularly in Latin America and Asia Pacific, while maintaining a cautious but confident outlook regarding macroeconomic and geopolitical headwinds.
Key metrics (Three Months Ended June 30, 2026)
period: Three Months Ended June 30, 2026
total debt: $2,476 million
cash and equivalents: $6,821 million
shares outstanding: 590 million
revenue: $3,608 million
net income: $816 million
operating cash flow: $1,270 million
Gemma triage notes (pre-analysis, second opinion)
None for this filing.Automated research summaries derived from SEC filings. Not investment advice.