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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.61B | $2.68B | $2.78B | $4.10B | $3.10B | $2.27B | $2.48B | $3.73B |
| Cost of revenue | $633.00M | $581.00M | $487.00M | $549.00M | $544.00M | $506.00M | $427.00M | $465.00M |
| Gross profit | $2.98B | $2.10B | $2.29B | $3.55B | $2.55B | $1.77B | $2.05B | $3.27B |
| Gross margin | 82.5% | 78.3% | 82.5% | 86.6% | 82.4% | 77.7% | 82.8% | 87.5% |
| Research and development | $672.00M | $638.00M | $589.00M | $587.00M | $610.00M | $568.00M | $538.00M | $524.00M |
| Selling, general and administrative | $1.18B | $1.05B | $1.11B | $969.00M | $998.00M | $857.00M | $795.00M | $849.00M |
| Operating expenses | $2.22B | $2.01B | $2.02B | $1.92B | $1.94B | $1.73B | $1.62B | $1.74B |
| Operating income | $758.00M | $86.00M | $269.00M | $1.63B | $612.00M | $38.00M | $430.00M | $1.53B |
| Operating margin | 21.0% | 3.2% | 9.7% | 39.7% | 19.8% | 1.7% | 17.3% | 40.9% |
| EBITDA | $758.00M | $86.00M | $269.00M | $1.63B | $612.00M | $38.00M | $430.00M | $1.53B |
| Interest income | $183.00M | $155.00M | $162.00M | $180.00M | $190.00M | $173.00M | $183.00M | $207.00M |
| Interest expense | −$37.00M | $0 | $0 | — | −$6.00M | $0 | $0 | — |
| Income before taxes | $897.00M | $281.00M | $393.00M | $1.79B | $779.00M | $173.00M | $622.00M | $1.74B |
| Income taxes | $81.00M | $121.00M | $52.00M | $418.00M | $137.00M | $19.00M | $161.00M | $367.00M |
| Net income | $816.00M | $160.00M | $341.00M | $1.37B | $642.00M | $154.00M | $461.00M | $1.37B |
| Net margin | 22.6% | 6.0% | 12.3% | 33.6% | 20.7% | 6.8% | 18.6% | 36.7% |
| EPS, basic | $1.38 | $0.27 | $0.56 | $2.25 | $1.04 | $0.25 | $0.74 | $2.17 |
| EPS, diluted | $1.37 | $0.26 | $0.56 | $2.21 | $1.03 | $0.24 | $0.73 | $2.13 |
| Diluted shares | 597.00M | 608.00M | 613.00M | 621.00M | 626.00M | 632.00M | 635.00M | 642.00M |
Figures describe Airbnb shares, not any token. As of Aug 6, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.