Q1 26 EPS
$0.26
MISS 14.13%
Est. $0.30
Q1 26 Revenue
$2.68B
BEAT +2.27%
Est. $2.62B
vs S&P Since Q1 26
+23.9%
BEATING MARKET
ABNB +28.6% vs S&P +4.7%
Market Reaction
Did ABNB Beat Earnings? Q1 2026 Results
Airbnb posted a mixed first quarter for fiscal 2026, delivering a revenue beat alongside an earnings miss that underscored the tension between growth investment and near-term profitability. Revenue of $2.68 billion rose 17.9% year-over-year, clearing… Read more Airbnb posted a mixed first quarter for fiscal 2026, delivering a revenue beat alongside an earnings miss that underscored the tension between growth investment and near-term profitability. Revenue of $2.68 billion rose 17.9% year-over-year, clearing the consensus estimate of $2.62 billion by 2.27%, as nights booked climbed 9% to 156.2 million and average daily rates expanded 9% to $187 on FX tailwinds and firm North American pricing. Earnings per share, however, came in at $0.26, falling 14.13% short of the $0.30 consensus, weighed down by a $70.00 million tax charge tied to the U.S. Corporate Alternative Minimum Tax and stepped-up sales and marketing spending. Adjusted EBITDA grew 24% to $519.00 million, with margin expanding to 19%, offering investors a cleaner read on operating momentum. Management responded with raised full-year guidance, now calling for low-to-mid-teens revenue growth and Adjusted EBITDA margin of at least 35%, while guiding Q2 revenue to $3.54 billion to $3.60 billion, a 14% to 16% increase year-over-year, with analysts broadly maintaining a constructive view on the company's free cash flow generation.
Key Takeaways
- • Revenue grew 18% Y/Y to $2.7 billion, exceeding high end of guidance
- • Nights booked on app grew 22% Y/Y, now 63% of total nights booked (up from 58%)
- • First-time booker growth accelerated to 10%, highest since early 2022
- • ADR increased 9% Y/Y to $187, aided by FX tailwinds and strong North American pricing
- • Reserve Now, Pay Later accounted for roughly 20% of global GBV
- • Guest travel insurance revenue increased 45% Y/Y
- • Cost-per-booking decreased approximately 10% Y/Y driven by AI customer support
- • Adjusted EBITDA grew 24% Y/Y to $519 million
ABNB YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
ABNB Earnings Trends
ABNB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ABNB EPS Trend
Earnings per share: estimate vs actual
ABNB Revenue Trend
Quarterly revenue: estimate vs actual
ABNB Quarterly Results
10 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT Includes a $77 million tax benefit related to recently published guidance impacting prior year taxes | $1.25 | $1.27 | +1.69% | $3.61B | +0.91% |
| Q1 26 MISS | $0.30 | $0.26 | -14.13% | $2.68B | +2.27% |
| Q4 25 MISS FY | $0.66 | $0.56 | -15.65% | $2.78B | +2.46% |
| FY Full Year | $4.13 | $4.03 | -2.41% | $12.24B | +0.55% |
| Q3 25 MISS | $2.32 | $2.21 | -4.75% | $4.10B | +0.38% |
| Q2 25 BEAT | $0.94 | $1.03 | +9.49% | $3.10B | +2.18% |
| Q1 25 BEAT | $0.23 | $0.24 | +2.96% | $2.27B | +0.53% |
| Q3 23 BEAT | $1.96 | $6.63 | +238.27% | $3.40B | +6.88% |
| Q4 22 BEAT FY | $0.25 | $0.48 | +92.00% | $1.90B | +2.18% |
| FY Full Year | — | $2.79 | — | $8.40B | — |
| Q2 22 | $0.44 | — | — | — | — |
| Q3 21 BEAT | $0.75 | $1.22 | +62.67% | $2.24B | +9.10% |