Airbnb, Inc.

Company facts

Industry

Services-To Dwellings & Other Buildings

Headquarters

San Francisco, California

Most recent report

10-Q, filed Nov 5, 2026

Incorporated

Delaware

Filings on record

1,006+ filings

On EDGAR

CIK 1559720

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 5 of 13 sections worth reading, with 2 positive, 12 notable, and 2 negative flags.

• Financial Statements (Item 1)

  New $2.5B debt, IRS dispute >$1.0B unaccrued, Spain fine bond, $12B buyback.
  Notable

  • Equity method investments grew to $64M (Sep 2026) from $47M; $71M realized gain on sale of an investment.
  • Entered $1.7B notional interest rate swaps converting fixed to floating SOFR; $109M fair value loss recognized.
  • Issued $2.5B senior notes in March 2026; repaid $2.0B convertible notes. Interest expense rose to $45M (Q3 2026) from $6M.
  • Stock-based compensation $1.4B in 9mo 2026, up from $1.2B; 35.2M RSUs outstanding, weighted-average grant date fair value $101.84.
  • Non-income tax accrued obligations rose to $271M (Sep 2026) from $199M; reasonably possible loss $290M-$310M beyond accrual.
  Negative

  • Spain fine of ~€65M ($76M) disputed; €70M surety bond posted. Outcome uncertain.

• Management's Discussion (Item 2)

  Strong Q3 2026 results with key metrics, new debt, and a massive new buyback authorization.
  Positive

  • Revenue grew 19% to $4.9B in Q3 2026, net income up 38% to $1.9B, and Adjusted EBITDA margin hit 52%.
  • In November 2026, board authorized a new $12B share repurchase program, on top of $2.7B remaining from prior authorization.
  Notable

  • Reserve Now, Pay Later bookings have higher cancellation rates and shift cash timing; FCF margin fell to 29% in Q3 2026 from 33%.
  • Purchased property in New York for $82M in July 2026, driving a 12x increase in capex for the quarter.
  • Sales and marketing spend rose 26% to $2.4B for nine months, driven by higher paid growth marketing and partnerships.
  • Provision for income taxes fell 32% in Q3 2026 to $283M, helped by a $213M prior-year valuation allowance on CAMT credits.
  • Entered a new $1.0B unsecured Revolving Credit Facility in October 2026, undrawn as of filing date.

• Market Risk (Item 3)

  New interest rate swaps on $1.7B of debt; $17M annual expense shift per 100bp move.
  Notable

  • A 100bp rate change would shift annual interest expense by $17M, a new quantified exposure.

• Unregistered Sales and Repurchases (Item 2)

  Buyback pace and remaining authorization are material to capital allocation.
  Notable

  • Board authorized $6.0B buyback program on Aug 6, 2025, with no expiration date.

• Other Information (Item 5)

  CEO adopts plan to sell 3.15M shares; related-party AI Lab deal with CEO and CTO.
  Negative

  • Airbnb sold IP to an AI lab founded/controlled by CEO Chesky for $7.1M; CTO also holds equity.

What changed: Sep 2026 vs. Jun 2026

About 5% of ABNB's Sep 2026 10-Q is new information. 17 paragraphs were added, 144 changed, and 28 removed. Below are the most important lines SECSift identified.

• Item 1 49
• Item 2 48
• Item 5 6
• Item 4 2
• Item 6 2
• Item 3 1
• Item 1A 1