Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
d Depreciation & amortization is the sum of the reported depreciation and the reported amortization of intangible assets where the filer tags no total. Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement.
Across FY2020–FY2025: $10.97B in buybacks.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Related accounting measures — not additional borrowing
Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
Current portion of long-term debt
USD 0
Noncurrent debt carrying amount
USD 2,371,000,000
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.
Covenants
Some sections could not be verified in 1 agreement document. Other restrictions or tests may apply.
Verified tests, triggers and restrictions appear with each agreement below. A verified term does not establish current compliance.
Loans, facilities and notes
4.400% Senior Notes due 2029
Note · Airbnb, Inc.
Reference: 4.400% Senior Notes due 2029
Active
Original principal
USD 850,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Mar 16, 2029
Last reported interest terms:
4.4%
Reported 2026-03-16Later filings may not restate these terms; this does not confirm they still apply.
Verified covenant terms
Section 5.02(a) · Limitation on LiensThe Company will not, and will not permit any of its Restricted Subsidiaries to enter into, create, incur or assume any Lien on any Principal Property, whether now owned or hereafter acquired, in order to secure any Indebtedness, without effectively providing that the Notes shall be equally and ratably securedSection 5.02 Limitation on Liens.Full wording and supporting evidence
Source evidence: (a) The Company will not, and will not permit any of its Restricted Subsidiaries to enter into, create, incur or assume any Lien on any Principal Property, whether now owned or hereafter acquired, in order to secure any Indebtedness, without effectively providing that the Notes shall be equally and ratably secured until such time as such Indebtedness is no longer secured by such Lien, except:
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “2029 Notes”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “2031 Notes”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “2036 Notes,” and together with the 2029 Notes and the 2031 Notes, the “Notes”);
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 5.03(a) · Limitation on Sale and Lease-back TransactionsThe Company will not, and will not permit any of its Restricted Subsidiaries to, enter into any Sale and Lease-back Transaction covering any Principal Property, unless:Applies to every series under this agreementSection 5.03 Limitation on Sale and Lease-back Transactions.Full wording and supporting evidence
Source evidence: (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, enter into any Sale and Lease-back Transaction covering any Principal Property, unless:
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 5.04(a) · Consolidation, Merger and Sale of AssetsThe Company will not consolidate with or merge with or into, or convey, sell, transfer or lease all or substantially all of its and its Subsidiaries’ properties and assets (determined on a consolidated basis), taken as a whole, to, any Person, in a single transaction or in a series of related transactions, unless:Applies to every series under this agreementSection 5.04 Consolidation, Merger and Sale of Assets.Full wording and supporting evidence
Source evidence: (a) The Company will not consolidate with or merge with or into, or convey, sell, transfer or lease all or substantially all of its and its Subsidiaries’ properties and assets (determined on a consolidated basis), taken as a whole, to, any Person, in a single transaction or in a series of related transactions, unless:
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 6.10 · Notice of Defaultsthe Trustee shall, within 90 days after the occurrence and continuance of an Event of Default of which a Responsible Officer receives written notice or obtains actual knowledge, deliver to all Holders notice of all Events of Default known to a Responsible OfficerSection 6.10 Notice of Defaults.Full wording and supporting evidence
Source evidence: The Trustee shall, within 90 days after the occurrence and continuance of an Event of Default of which a Responsible Officer receives written notice or obtains actual knowledge, deliver to all Holders notice of all Events of Default known to a Responsible Officer, unless such Events of Default shall have been cured or waived before the giving of such notice; provided that, except in the case of an Event of Default in the payment of the principal of, or accrued and unpaid interest on, any of the Notes, the Trustee shall be protected in withholding such notice if the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders (it being understood that the Trustee shall not have an affirmative duty to make such determination).
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “2029 Notes”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “2031 Notes”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “2036 Notes,” and together with the 2029 Notes and the 2031 Notes, the “Notes”);
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 6.03 · Acceleration; Rescission and AnnulmentIf one or more Events of Default with respect to the Notes of a series shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body), then, and in each and every such case (other than an Event of Default specified in Section 6.02(e) or Section 6.02(f) with respect to…Metric: aggregate principal amount of the Outstanding NotesStated threshold: 25 %Section 6.03 Acceleration; Rescission and Annulment.Full wording and supporting evidence
Source evidence: If one or more Events of Default with respect to the Notes of a series shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body), then, and in each and every such case (other than an Event of Default specified in Section 6.02(e) or Section 6.02(f) with respect to the Company), either the Trustee or the Holders of at least 25% in aggregate principal amount of the Outstanding Notes of the applicable series, by notice in writing to the Company (and to the Trustee if given by Holders of such series of Notes), may (and the Trustee, at the written request of such Holders of such series of Notes accompanied by security and/or indemnity satisfactory to the Trustee an otherwise subject to the limitations set forth in the Indenture, shall) declare 100% of the principal of, and accrued and unpaid interest on, all the Notes of such series to be due and payable immediately, and upon any such declaration the same shall become and shall automatically be immediately due and payable without any action on the part of the Trustee.
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “2029 Notes”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “2031 Notes”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “2036 Notes,” and together with the 2029 Notes and the 2031 Notes, the “Notes”);
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 6.04 · Payments of Notes on Default; Suit Thereforthe Company shall, upon demand of the Trustee or the requisite Holders of such series, pay to the Trustee, for the benefit of the Holders of such series of Notes, the whole amount then due and payable on such Notes for principal and interestSection 6.04 Payments of Notes on Default; Suit Therefor.Full wording and supporting evidence
Source evidence: If an Event of Default described in Section 6.02(a) or Section 6.02(b) shall have occurred with respect to a series of Notes, the Company shall, upon demand of the Trustee or the requisite Holders of such series, pay to the Trustee, for the benefit of the Holders of such series of Notes, the whole amount then due and payable on such Notes for principal and interest, and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any overdue interest, if any, at the rate borne by the Notes at such time, and, in addition thereto, such further amount as shall be sufficient to cover any amounts due to the Trustee under Section 7.07 of the Base Indenture with respect to such series of Notes.
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “2029 Notes”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “2031 Notes”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “2036 Notes,” and together with the 2029 Notes and the 2031 Notes, the “Notes”);
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
**WHEREAS**, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “***2029 Notes***”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “***2031 Notes***”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “***2036 Notes***,” and together with the 2029 Notes and the 2031 Notes, the “***Notes***”);
Issuer evidence: **FIRST SUPPLEMENTAL INDENTURE** (this “***Supplemental Indenture***”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “***Company***”), and U.S. Bank Trust Company, National Association, as trustee (the “***Trustee***”).
Supporting evidence: (a) The 2029 Notes shall constitute a series of Securities having the title “4.400% Senior Notes due 2029,” the 2031 Notes shall constitute a series of Securities having the title “4.650% Senior Notes due 2031”, and the 2036 Notes shall constitute a separate series of Securities having the title “5.250% Senior Notes due 2036”.
Supporting evidence: (c) The entire outstanding principal of the 2029 Notes shall be payable on March 16, 2029, the entire outstanding principal of the 2031 Notes shall be payable on March 16, 2031, and the entire outstanding principal of the 2036 Notes shall be payable on March 16, 2036.
Supporting evidence: (d) The rate at which the 2029 Notes shall bear interest shall be 4.400% per year, the rate at which the 2031 Notes shall bear interest shall be 4.650% per year and the rate at which the 2036 Notes shall bear interest shall be 5.250% per year. The date from which interest shall accrue on the Notes shall be the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Issue Date. The “***Interest Payment Dates***” for (i) the 2029 Notes shall be March 16 and September 16 of each year, beginning September 16, 2026, (ii) the 2031 Notes shall be March 16 and September 16 of each year, beginning September 16, 2026 and (iii) for the 2036 Notes shall be March 16 and September 16 of each year, beginning September 16, 2026 . Interest shall be payable on each Interest Payment Date to the Holders of record at the close of business on, (i) with respect to the 2029 Notes, March 1 and September 1 prior to each Interest Payment Date for such Notes, (ii) with respect to the 2031 Notes, March 1 and September 1 prior to each Interest Payment Date for such Notes and (iii) with respect to the 2036 Notes, March 1 and September 1 prior to each Interest Payment Date with respect to such Notes (each, a “***regular record date***”). The basis upon which interest shall be calculated shall be that of a 360-day year consisting of twelve 30-day months.
Supporting evidence: **WHEREAS**, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “***2029 Notes***”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “***2031 Notes***”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “***2036 Notes***,” and together with the 2029 Notes and the 2031 Notes, the “***Notes***”);
Supporting evidence: **WHEREAS**, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “***2029 Notes***”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “***2031 Notes***”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “***2036 Notes***,” and together with the 2029 Notes and the 2031 Notes, the “***Notes***”);
4.650% Senior Notes due 2031
Note · Airbnb, Inc.
Reference: 4.650% Senior Notes due 2031
Active
Original principal
USD 850,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Mar 16, 2031
Last reported interest terms:
4.65%
Reported 2026-03-16Later filings may not restate these terms; this does not confirm they still apply.
Verified covenant terms
Section 5.02(a) · Limitation on LiensThe Company will not, and will not permit any of its Restricted Subsidiaries to enter into, create, incur or assume any Lien on any Principal Property, whether now owned or hereafter acquired, in order to secure any Indebtedness, without effectively providing that the Notes shall be equally and ratably securedSection 5.02 Limitation on Liens.Full wording and supporting evidence
Source evidence: (a) The Company will not, and will not permit any of its Restricted Subsidiaries to enter into, create, incur or assume any Lien on any Principal Property, whether now owned or hereafter acquired, in order to secure any Indebtedness, without effectively providing that the Notes shall be equally and ratably secured until such time as such Indebtedness is no longer secured by such Lien, except:
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “2029 Notes”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “2031 Notes”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “2036 Notes,” and together with the 2029 Notes and the 2031 Notes, the “Notes”);
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 5.03(a) · Limitation on Sale and Lease-back TransactionsThe Company will not, and will not permit any of its Restricted Subsidiaries to, enter into any Sale and Lease-back Transaction covering any Principal Property, unless:Applies to every series under this agreementSection 5.03 Limitation on Sale and Lease-back Transactions.Full wording and supporting evidence
Source evidence: (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, enter into any Sale and Lease-back Transaction covering any Principal Property, unless:
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 5.04(a) · Consolidation, Merger and Sale of AssetsThe Company will not consolidate with or merge with or into, or convey, sell, transfer or lease all or substantially all of its and its Subsidiaries’ properties and assets (determined on a consolidated basis), taken as a whole, to, any Person, in a single transaction or in a series of related transactions, unless:Applies to every series under this agreementSection 5.04 Consolidation, Merger and Sale of Assets.Full wording and supporting evidence
Source evidence: (a) The Company will not consolidate with or merge with or into, or convey, sell, transfer or lease all or substantially all of its and its Subsidiaries’ properties and assets (determined on a consolidated basis), taken as a whole, to, any Person, in a single transaction or in a series of related transactions, unless:
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 6.10 · Notice of Defaultsthe Trustee shall, within 90 days after the occurrence and continuance of an Event of Default of which a Responsible Officer receives written notice or obtains actual knowledge, deliver to all Holders notice of all Events of Default known to a Responsible OfficerSection 6.10 Notice of Defaults.Full wording and supporting evidence
Source evidence: The Trustee shall, within 90 days after the occurrence and continuance of an Event of Default of which a Responsible Officer receives written notice or obtains actual knowledge, deliver to all Holders notice of all Events of Default known to a Responsible Officer, unless such Events of Default shall have been cured or waived before the giving of such notice; provided that, except in the case of an Event of Default in the payment of the principal of, or accrued and unpaid interest on, any of the Notes, the Trustee shall be protected in withholding such notice if the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders (it being understood that the Trustee shall not have an affirmative duty to make such determination).
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “2029 Notes”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “2031 Notes”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “2036 Notes,” and together with the 2029 Notes and the 2031 Notes, the “Notes”);
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 6.03 · Acceleration; Rescission and AnnulmentIf one or more Events of Default with respect to the Notes of a series shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body), then, and in each and every such case (other than an Event of Default specified in Section 6.02(e) or Section 6.02(f) with respect to…Metric: aggregate principal amount of the Outstanding NotesStated threshold: 25 %Section 6.03 Acceleration; Rescission and Annulment.Full wording and supporting evidence
Source evidence: If one or more Events of Default with respect to the Notes of a series shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body), then, and in each and every such case (other than an Event of Default specified in Section 6.02(e) or Section 6.02(f) with respect to the Company), either the Trustee or the Holders of at least 25% in aggregate principal amount of the Outstanding Notes of the applicable series, by notice in writing to the Company (and to the Trustee if given by Holders of such series of Notes), may (and the Trustee, at the written request of such Holders of such series of Notes accompanied by security and/or indemnity satisfactory to the Trustee an otherwise subject to the limitations set forth in the Indenture, shall) declare 100% of the principal of, and accrued and unpaid interest on, all the Notes of such series to be due and payable immediately, and upon any such declaration the same shall become and shall automatically be immediately due and payable without any action on the part of the Trustee.
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “2029 Notes”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “2031 Notes”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “2036 Notes,” and together with the 2029 Notes and the 2031 Notes, the “Notes”);
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 6.04 · Payments of Notes on Default; Suit Thereforthe Company shall, upon demand of the Trustee or the requisite Holders of such series, pay to the Trustee, for the benefit of the Holders of such series of Notes, the whole amount then due and payable on such Notes for principal and interestSection 6.04 Payments of Notes on Default; Suit Therefor.Full wording and supporting evidence
Source evidence: If an Event of Default described in Section 6.02(a) or Section 6.02(b) shall have occurred with respect to a series of Notes, the Company shall, upon demand of the Trustee or the requisite Holders of such series, pay to the Trustee, for the benefit of the Holders of such series of Notes, the whole amount then due and payable on such Notes for principal and interest, and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any overdue interest, if any, at the rate borne by the Notes at such time, and, in addition thereto, such further amount as shall be sufficient to cover any amounts due to the Trustee under Section 7.07 of the Base Indenture with respect to such series of Notes.
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “2029 Notes”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “2031 Notes”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “2036 Notes,” and together with the 2029 Notes and the 2031 Notes, the “Notes”);
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
**WHEREAS**, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “***2029 Notes***”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “***2031 Notes***”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “***2036 Notes***,” and together with the 2029 Notes and the 2031 Notes, the “***Notes***”);
Issuer evidence: **FIRST SUPPLEMENTAL INDENTURE** (this “***Supplemental Indenture***”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “***Company***”), and U.S. Bank Trust Company, National Association, as trustee (the “***Trustee***”).
Supporting evidence: (a) The 2029 Notes shall constitute a series of Securities having the title “4.400% Senior Notes due 2029,” the 2031 Notes shall constitute a series of Securities having the title “4.650% Senior Notes due 2031”, and the 2036 Notes shall constitute a separate series of Securities having the title “5.250% Senior Notes due 2036”.
Supporting evidence: (c) The entire outstanding principal of the 2029 Notes shall be payable on March 16, 2029, the entire outstanding principal of the 2031 Notes shall be payable on March 16, 2031, and the entire outstanding principal of the 2036 Notes shall be payable on March 16, 2036.
Supporting evidence: (d) The rate at which the 2029 Notes shall bear interest shall be 4.400% per year, the rate at which the 2031 Notes shall bear interest shall be 4.650% per year and the rate at which the 2036 Notes shall bear interest shall be 5.250% per year. The date from which interest shall accrue on the Notes shall be the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Issue Date. The “***Interest Payment Dates***” for (i) the 2029 Notes shall be March 16 and September 16 of each year, beginning September 16, 2026, (ii) the 2031 Notes shall be March 16 and September 16 of each year, beginning September 16, 2026 and (iii) for the 2036 Notes shall be March 16 and September 16 of each year, beginning September 16, 2026 . Interest shall be payable on each Interest Payment Date to the Holders of record at the close of business on, (i) with respect to the 2029 Notes, March 1 and September 1 prior to each Interest Payment Date for such Notes, (ii) with respect to the 2031 Notes, March 1 and September 1 prior to each Interest Payment Date for such Notes and (iii) with respect to the 2036 Notes, March 1 and September 1 prior to each Interest Payment Date with respect to such Notes (each, a “***regular record date***”). The basis upon which interest shall be calculated shall be that of a 360-day year consisting of twelve 30-day months.
Supporting evidence: **WHEREAS**, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “***2029 Notes***”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “***2031 Notes***”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “***2036 Notes***,” and together with the 2029 Notes and the 2031 Notes, the “***Notes***”);
Supporting evidence: **WHEREAS**, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “***2029 Notes***”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “***2031 Notes***”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “***2036 Notes***,” and together with the 2029 Notes and the 2031 Notes, the “***Notes***”);
5.250% Senior Notes due 2036
Note · Airbnb, Inc.
Reference: 5.250% Senior Notes due 2036
Active
Original principal
USD 800,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Mar 16, 2036
Last reported interest terms:
5.25%
Reported 2026-03-16Later filings may not restate these terms; this does not confirm they still apply.
Verified covenant terms
Section 5.02(a) · Limitation on LiensThe Company will not, and will not permit any of its Restricted Subsidiaries to enter into, create, incur or assume any Lien on any Principal Property, whether now owned or hereafter acquired, in order to secure any Indebtedness, without effectively providing that the Notes shall be equally and ratably securedSection 5.02 Limitation on Liens.Full wording and supporting evidence
Source evidence: (a) The Company will not, and will not permit any of its Restricted Subsidiaries to enter into, create, incur or assume any Lien on any Principal Property, whether now owned or hereafter acquired, in order to secure any Indebtedness, without effectively providing that the Notes shall be equally and ratably secured until such time as such Indebtedness is no longer secured by such Lien, except:
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “2029 Notes”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “2031 Notes”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “2036 Notes,” and together with the 2029 Notes and the 2031 Notes, the “Notes”);
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 5.03(a) · Limitation on Sale and Lease-back TransactionsThe Company will not, and will not permit any of its Restricted Subsidiaries to, enter into any Sale and Lease-back Transaction covering any Principal Property, unless:Applies to every series under this agreementSection 5.03 Limitation on Sale and Lease-back Transactions.Full wording and supporting evidence
Source evidence: (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, enter into any Sale and Lease-back Transaction covering any Principal Property, unless:
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 5.04(a) · Consolidation, Merger and Sale of AssetsThe Company will not consolidate with or merge with or into, or convey, sell, transfer or lease all or substantially all of its and its Subsidiaries’ properties and assets (determined on a consolidated basis), taken as a whole, to, any Person, in a single transaction or in a series of related transactions, unless:Applies to every series under this agreementSection 5.04 Consolidation, Merger and Sale of Assets.Full wording and supporting evidence
Source evidence: (a) The Company will not consolidate with or merge with or into, or convey, sell, transfer or lease all or substantially all of its and its Subsidiaries’ properties and assets (determined on a consolidated basis), taken as a whole, to, any Person, in a single transaction or in a series of related transactions, unless:
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 6.10 · Notice of Defaultsthe Trustee shall, within 90 days after the occurrence and continuance of an Event of Default of which a Responsible Officer receives written notice or obtains actual knowledge, deliver to all Holders notice of all Events of Default known to a Responsible OfficerSection 6.10 Notice of Defaults.Full wording and supporting evidence
Source evidence: The Trustee shall, within 90 days after the occurrence and continuance of an Event of Default of which a Responsible Officer receives written notice or obtains actual knowledge, deliver to all Holders notice of all Events of Default known to a Responsible Officer, unless such Events of Default shall have been cured or waived before the giving of such notice; provided that, except in the case of an Event of Default in the payment of the principal of, or accrued and unpaid interest on, any of the Notes, the Trustee shall be protected in withholding such notice if the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders (it being understood that the Trustee shall not have an affirmative duty to make such determination).
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “2029 Notes”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “2031 Notes”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “2036 Notes,” and together with the 2029 Notes and the 2031 Notes, the “Notes”);
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 6.03 · Acceleration; Rescission and AnnulmentIf one or more Events of Default with respect to the Notes of a series shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body), then, and in each and every such case (other than an Event of Default specified in Section 6.02(e) or Section 6.02(f) with respect to…Metric: aggregate principal amount of the Outstanding NotesStated threshold: 25 %Section 6.03 Acceleration; Rescission and Annulment.Full wording and supporting evidence
Source evidence: If one or more Events of Default with respect to the Notes of a series shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body), then, and in each and every such case (other than an Event of Default specified in Section 6.02(e) or Section 6.02(f) with respect to the Company), either the Trustee or the Holders of at least 25% in aggregate principal amount of the Outstanding Notes of the applicable series, by notice in writing to the Company (and to the Trustee if given by Holders of such series of Notes), may (and the Trustee, at the written request of such Holders of such series of Notes accompanied by security and/or indemnity satisfactory to the Trustee an otherwise subject to the limitations set forth in the Indenture, shall) declare 100% of the principal of, and accrued and unpaid interest on, all the Notes of such series to be due and payable immediately, and upon any such declaration the same shall become and shall automatically be immediately due and payable without any action on the part of the Trustee.
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “2029 Notes”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “2031 Notes”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “2036 Notes,” and together with the 2029 Notes and the 2031 Notes, the “Notes”);
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
Section 6.04 · Payments of Notes on Default; Suit Thereforthe Company shall, upon demand of the Trustee or the requisite Holders of such series, pay to the Trustee, for the benefit of the Holders of such series of Notes, the whole amount then due and payable on such Notes for principal and interestSection 6.04 Payments of Notes on Default; Suit Therefor.Full wording and supporting evidence
Source evidence: If an Event of Default described in Section 6.02(a) or Section 6.02(b) shall have occurred with respect to a series of Notes, the Company shall, upon demand of the Trustee or the requisite Holders of such series, pay to the Trustee, for the benefit of the Holders of such series of Notes, the whole amount then due and payable on such Notes for principal and interest, and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any overdue interest, if any, at the rate borne by the Notes at such time, and, in addition thereto, such further amount as shall be sufficient to cover any amounts due to the Trustee under Section 7.07 of the Base Indenture with respect to such series of Notes.
Target identity evidence: FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “Company”), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
Target identity evidence: WHEREAS, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “2029 Notes”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “2031 Notes”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “2036 Notes,” and together with the 2029 Notes and the 2031 Notes, the “Notes”);
Target identity evidence: WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 16, 2026 (the “Base Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of debt securities to be issued in one or more series as provided in the Base Indenture;
**WHEREAS**, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “***2029 Notes***”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “***2031 Notes***”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “***2036 Notes***,” and together with the 2029 Notes and the 2031 Notes, the “***Notes***”);
Issuer evidence: **FIRST SUPPLEMENTAL INDENTURE** (this “***Supplemental Indenture***”), dated as of March 16, 2026, between Airbnb, Inc., a Delaware corporation (the “***Company***”), and U.S. Bank Trust Company, National Association, as trustee (the “***Trustee***”).
Supporting evidence: (a) The 2029 Notes shall constitute a series of Securities having the title “4.400% Senior Notes due 2029,” the 2031 Notes shall constitute a series of Securities having the title “4.650% Senior Notes due 2031”, and the 2036 Notes shall constitute a separate series of Securities having the title “5.250% Senior Notes due 2036”.
Supporting evidence: (c) The entire outstanding principal of the 2029 Notes shall be payable on March 16, 2029, the entire outstanding principal of the 2031 Notes shall be payable on March 16, 2031, and the entire outstanding principal of the 2036 Notes shall be payable on March 16, 2036.
Supporting evidence: (d) The rate at which the 2029 Notes shall bear interest shall be 4.400% per year, the rate at which the 2031 Notes shall bear interest shall be 4.650% per year and the rate at which the 2036 Notes shall bear interest shall be 5.250% per year. The date from which interest shall accrue on the Notes shall be the most recent Interest Payment Date to which interest has been paid or provided for or, if no interest has been paid, from the Issue Date. The “***Interest Payment Dates***” for (i) the 2029 Notes shall be March 16 and September 16 of each year, beginning September 16, 2026, (ii) the 2031 Notes shall be March 16 and September 16 of each year, beginning September 16, 2026 and (iii) for the 2036 Notes shall be March 16 and September 16 of each year, beginning September 16, 2026 . Interest shall be payable on each Interest Payment Date to the Holders of record at the close of business on, (i) with respect to the 2029 Notes, March 1 and September 1 prior to each Interest Payment Date for such Notes, (ii) with respect to the 2031 Notes, March 1 and September 1 prior to each Interest Payment Date for such Notes and (iii) with respect to the 2036 Notes, March 1 and September 1 prior to each Interest Payment Date with respect to such Notes (each, a “***regular record date***”). The basis upon which interest shall be calculated shall be that of a 360-day year consisting of twelve 30-day months.
Supporting evidence: **WHEREAS**, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “***2029 Notes***”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “***2031 Notes***”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “***2036 Notes***,” and together with the 2029 Notes and the 2031 Notes, the “***Notes***”);
Supporting evidence: **WHEREAS**, pursuant to a Board Resolution, the Company has authorized the issuance of $850,000,000 principal amount of 4.400% Senior Notes due 2029 (the “***2029 Notes***”), $850,000,000 principal amount of 4.650% Senior Notes due 2031 (the “***2031 Notes***”) and $800,000,000 principal amount of 5.250% Senior Notes due 2036 (the “***2036 Notes***,” and together with the 2029 Notes and the 2031 Notes, the “***Notes***”);
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
7.27×
Peer median 3.31×
EV/EBIT
32.30×
Peer median 13.69×
P/E (TTM common income)
34.76×
Peer median 16.18×
Price/Sales (TTM)
8.00×
Peer median 3.06×
Price/Book
11.97×
Peer median 5.08×
EV/Adj. EBITDA (FY2025)
23.56×
Peer medians compare against the 6 similar-size Travel Services companies (of 17 listed).
EV/Adj. EBITDA uses
the company-stated
“Adjusted EBITDA”,
extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.
Valuation over time computed as of each quarter's filing date
EV/Adj. EBITDA uses
the company-stated
“Adjusted EBITDA”,
extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
Component
FY2025
FY2024
FY2023
FY2022
Reportable Segment
$12,241,000,000
$11,102,000,000
$9,917,000,000
$8,399,000,000
By Geography (USD)
Component
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
North America
$5,196,000,000
$5,006,000,000
$4,638,000,000
$4,210,000,000
$3,201,000,000
—
—
EMEA
$4,729,000,000
$4,135,000,000
$3,615,000,000
$2,924,000,000
$1,931,000,000
—
—
Latin America
$1,160,000,000
$969,000,000
$824,000,000
$643,000,000
$431,000,000
—
—
Asia Pacific
$1,156,000,000
$992,000,000
$840,000,000
$622,000,000
$429,000,000
—
—
United States
—
—
—
—
—
$1,649,000,000
$1,770,550,000
Non Us
—
—
—
—
—
$1,729,000,000
$3,034,689,000
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
