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Airbnb vs APi: revenue, profit, margins and growth compared

Airbnb brought in $12.2B of revenue in fiscal 2025, APi $7.9B in fiscal 2025. Revenue changed by +10.3% at Airbnb and +12.7% at APi on the year before, so APi grew faster. Airbnb kept 20.5% of its revenue as net profit, APi 3.8%.

Side by side, latest fiscal year

ABNBAPG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$12.2B$7.9B
Revenue growth+10.3%+12.7%
Net income$2.5B$302M
Net margin20.5%3.8%
Free cash flown/a$663M
Free cash flow marginn/a8.4%
Earnings per share (diluted)n/a-$0.69
Cash$6.6B$912M
Debt$2B$2.8B
Price to earningsn/an/a
Market value$94.3B$16.6B
Dividend yieldn/an/a
Rank by revenue in sector#105 of 778 · Consumer discretionary#140 of 778 · Consumer discretionary

Over the years

Revenue
ABNB FY2019: $4.8BABNB FY2021: $3.4BABNB FY2021: $6BABNB FY2022: $8.4BABNB FY2023: $9.9BABNB FY2024: $11.1BABNB FY2025: $12.2BAPG FY2018: $3.7BAPG FY2020: $985MAPG FY2020: $3.6BAPG FY2021: $3.9BAPG FY2022: $6.6BAPG FY2023: $6.9BAPG FY2024: $7BAPG FY2025: $7.9BFY18FY19FY20FY21FY22FY23FY24FY25
ABNB $12.2BAPG $7.9B
Net income
ABNB FY2019: -$674.3MABNB FY2021: -$4.6BABNB FY2021: -$352MABNB FY2022: $1.9BABNB FY2023: $4.8BABNB FY2024: $2.6BABNB FY2025: $2.5BAPG FY2018: $136MAPG FY2020: -$153MAPG FY2020: -$153MAPG FY2021: $47MAPG FY2022: $73MAPG FY2023: $153MAPG FY2024: $250MAPG FY2025: $302MFY18FY19FY20FY21FY22FY23FY24FY25
ABNB $2.5BAPG $302M
Net margin
ABNB FY2019: -14.0%ABNB FY2021: -135.7%ABNB FY2021: -5.9%ABNB FY2022: 22.5%ABNB FY2023: 48.3%ABNB FY2024: 23.9%ABNB FY2025: 20.5%APG FY2018: 3.6%APG FY2020: -15.5%APG FY2020: -4.3%APG FY2021: 1.2%APG FY2022: 1.1%APG FY2023: 2.2%APG FY2024: 3.6%APG FY2025: 3.8%FY18FY19FY20FY21FY22FY23FY24FY25
ABNB 20.5%APG 3.8%
Revenue growth
ABNB FY2021: -29.7%ABNB FY2021: +77.4%ABNB FY2022: +40.2%ABNB FY2023: +18.1%ABNB FY2024: +11.9%ABNB FY2025: +10.3%APG FY2020: -73.6%APG FY2020: +264.2%APG FY2021: +9.8%APG FY2022: +66.4%APG FY2023: +5.6%APG FY2024: +1.3%APG FY2025: +12.7%FY20FY21FY22FY23FY24FY25
ABNB +10.3%APG +12.7%
Free cash flow
ABNB FY2019: $97.3MABNB FY2021: -$777MABNB FY2021: $2.3BABNB FY2022: $3.4BAPG FY2018: $38MAPG FY2020: $139MAPG FY2020: $458MAPG FY2021: $127MAPG FY2022: $191MAPG FY2023: $428MAPG FY2024: $536MAPG FY2025: $663MFY18FY19FY20FY21FY22FY23FY24FY25
ABNB $3.4BAPG $663M

Fiscal years as each company reports them; the two may end in different months.

Questions about Airbnb and APi

Which is bigger by revenue, Airbnb or APi?

Airbnb is bigger by revenue: $12.2B in fiscal 2025, against $7.9B for APi in fiscal 2025.

Which keeps more of its revenue as profit, Airbnb or APi?

Airbnb had a net margin of 20.5% in fiscal 2025; APi had 3.8% in fiscal 2025.

Which grew revenue faster, Airbnb or APi?

In their latest fiscal years revenue changed by +10.3% at Airbnb and +12.7% at APi.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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