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Operating Expense Breakdown
Details core costs like marketing, technology, and administrative expenses, providing insight into Airbnb's operational efficiency and strategic investment areas.Airbnb has shifted from episodic one‑offs to sustained investment: product development is the fastest‑growing and now largest expense, rising steadily into 2026 as the company bets on AI and features (Reserve Now, Project Hawaii) to drive nights and ADR; sales & marketing has concurrently ramped to capture demand and new supply (e.g., Brazil). Restructuring charges have largely disappeared, and management’s guidance that margins stay flat implies these higher opex levels are expected to be offset by revenue leverage and AI productivity — a key execution risk if growth or efficiency underperforms.
Date | Sales and Marketing | General and Administrative | Product Development | Operations and Support | Restructuring Charges |
|---|---|---|---|---|---|
Jun 30, 2026 | $875.00M | $309.00M | $672.00M | $361.00M | $0.00 |
Mar 31, 2026 | $751.00M | $296.00M | $638.00M | $326.00M | $0.00 |
Dec 31, 2025 | $695.00M | $411.00M | $589.00M | $327.00M | $0.00 |
Sep 30, 2025 | $639.00M | $330.00M | $587.00M | $365.00M | $0.00 |
Jun 30, 2025 | $691.00M | $307.00M | $610.00M | $332.00M | $0.00 |
Mar 31, 2025 | $563.00M | $294.00M | $568.00M | $303.00M | $0.00 |
Dec 31, 2024 | $547.00M | $248.00M | $538.00M | $290.00M | $0.00 |
Sep 30, 2024 | $514.00M | $335.00M | $524.00M | $369.00M | $0.00 |
Jun 30, 2024 | $573.00M | $315.00M | $519.00M | $338.00M | $0.00 |
Mar 31, 2024 | $514.00M | $287.00M | $475.00M | $285.00M | $0.00 |