As of Q4'25, Airbnb ( ABNB ) reported a gross margin of 82.5%, an operating margin of 9.7%, and a net profit margin of 12.3%. These latest figures reflect a stable profitability profile at the end of the period covered, which spans from Q1'23 to Q4'25. Over the observed timeframe, gross margin remained robust, consistently ranging between 76.5% and 87.5%, indicating strong cost control and pricing power. Operating margin and net profit margin exhibited more volatility, with notable seasonal peaks in Q3 of each year—particularly a net profit margin spike to 128.8% in Q3'23, likely due to one-off items or accounting adjustments. Despite occasional dips, such as negative margins in Q4'23, both operating and net profit margins have generally trended positively, suggesting improving operational efficiency and profitability resilience for Airbnb.