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Side-by-side financial comparison of Airbnb (ABNB) and State Street Corporation (STT). Click either name above to swap in a different company.

State Street Corporation is the larger business by last-quarter revenue ($3.7B vs $2.8B, roughly 1.3× Airbnb). State Street Corporation runs the higher net margin — 20.4% vs 12.3%, a 8.1% gap on every dollar of revenue. On growth, Airbnb posted the faster year-over-year revenue change (12.0% vs 7.5%). Over the past eight quarters, Airbnb's revenue compounded faster (13.9% CAGR vs 8.1%).

Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in November 2010. Airbnb, Inc. was founded in 2007 and is headquartered ...

State Street Corporation is an American multinational financial services and bank holding company headquartered at One Congress Street in Boston. It is the second-oldest continuously operating U.S. bank, tracing its roots to Union Bank, chartered in 1792. As of the third quarter of 2025, State Street is one of the world's largest asset managers and custodians, with approximately US$5.4 trillion in assets under management and US$51.7 trillion under custody and administration.

ABNB vs STT — Head-to-Head

Bigger by revenue
STT
STT
1.3× larger
STT
$3.7B
$2.8B
ABNB
Growing faster (revenue YoY)
ABNB
ABNB
+4.5% gap
ABNB
12.0%
7.5%
STT
Higher net margin
STT
STT
8.1% more per $
STT
20.4%
12.3%
ABNB
Faster 2-yr revenue CAGR
ABNB
ABNB
Annualised
ABNB
13.9%
8.1%
STT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ABNB
ABNB
STT
STT
Revenue
$2.8B
$3.7B
Net Profit
$341.0M
$747.0M
Gross Margin
82.5%
Operating Margin
9.7%
25.0%
Net Margin
12.3%
20.4%
Revenue YoY
12.0%
7.5%
Net Profit YoY
-26.0%
-4.6%
EPS (diluted)
$2.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABNB
ABNB
STT
STT
Q4 25
$2.8B
$3.7B
Q3 25
$4.1B
$3.5B
Q2 25
$3.1B
$3.4B
Q1 25
$2.3B
$3.3B
Q4 24
$2.5B
$3.4B
Q3 24
$3.7B
$3.3B
Q2 24
$2.7B
$3.2B
Q1 24
$2.1B
$3.1B
Net Profit
ABNB
ABNB
STT
STT
Q4 25
$341.0M
$747.0M
Q3 25
$1.4B
$861.0M
Q2 25
$642.0M
$693.0M
Q1 25
$154.0M
$644.0M
Q4 24
$461.0M
$783.0M
Q3 24
$1.4B
$730.0M
Q2 24
$555.0M
$711.0M
Q1 24
$264.0M
$463.0M
Gross Margin
ABNB
ABNB
STT
STT
Q4 25
82.5%
Q3 25
86.6%
Q2 25
82.4%
Q1 25
77.7%
Q4 24
82.8%
Q3 24
87.5%
Q2 24
81.6%
Q1 24
77.6%
Operating Margin
ABNB
ABNB
STT
STT
Q4 25
9.7%
25.0%
Q3 25
39.7%
31.1%
Q2 25
19.8%
25.8%
Q1 25
1.7%
25.0%
Q4 24
17.3%
28.1%
Q3 24
40.9%
28.4%
Q2 24
18.1%
28.6%
Q1 24
4.7%
19.1%
Net Margin
ABNB
ABNB
STT
STT
Q4 25
12.3%
20.4%
Q3 25
33.6%
24.3%
Q2 25
20.7%
20.1%
Q1 25
6.8%
19.6%
Q4 24
18.6%
22.9%
Q3 24
36.7%
22.4%
Q2 24
20.2%
22.3%
Q1 24
12.3%
14.8%
EPS (diluted)
ABNB
ABNB
STT
STT
Q4 25
$2.41
Q3 25
$2.78
Q2 25
$2.17
Q1 25
$2.04
Q4 24
$2.43
Q3 24
$2.26
Q2 24
$2.15
Q1 24
$1.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABNB
ABNB
STT
STT
Cash + ST InvestmentsLiquidity on hand
$11.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$8.2B
$27.8B
Total Assets
$22.2B
$366.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABNB
ABNB
STT
STT
Q4 25
$11.0B
Q3 25
$11.7B
Q2 25
$11.4B
Q1 25
$11.5B
Q4 24
$10.6B
Q3 24
$11.3B
Q2 24
$11.3B
Q1 24
$11.1B
Stockholders' Equity
ABNB
ABNB
STT
STT
Q4 25
$8.2B
$27.8B
Q3 25
$8.6B
$27.6B
Q2 25
$7.8B
$27.3B
Q1 25
$7.9B
$26.7B
Q4 24
$8.4B
$25.3B
Q3 24
$8.5B
$25.8B
Q2 24
$8.0B
$24.8B
Q1 24
$7.9B
$24.4B
Total Assets
ABNB
ABNB
STT
STT
Q4 25
$22.2B
$366.0B
Q3 25
$23.1B
$371.1B
Q2 25
$27.0B
$376.7B
Q1 25
$25.1B
$372.7B
Q4 24
$21.0B
$353.2B
Q3 24
$22.2B
$338.5B
Q2 24
$26.3B
$325.6B
Q1 24
$24.5B
$338.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABNB
ABNB
STT
STT
Operating Cash FlowLast quarter
$526.0M
$10.0B
Free Cash FlowOCF − Capex
$9.8B
FCF MarginFCF / Revenue
266.6%
Capex IntensityCapex / Revenue
7.3%
Cash ConversionOCF / Net Profit
1.54×
13.44×
TTM Free Cash FlowTrailing 4 quarters
$10.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABNB
ABNB
STT
STT
Q4 25
$526.0M
$10.0B
Q3 25
$1.4B
$7.9B
Q2 25
$975.0M
$-8.4B
Q1 25
$1.8B
$2.4B
Q4 24
$466.0M
$-7.4B
Q3 24
$1.1B
$2.7B
Q2 24
$1.1B
$-7.6B
Q1 24
$1.9B
$-844.0M
Free Cash Flow
ABNB
ABNB
STT
STT
Q4 25
$9.8B
Q3 25
$7.7B
Q2 25
$-8.8B
Q1 25
$2.2B
Q4 24
$-7.7B
Q3 24
$2.5B
Q2 24
$-7.9B
Q1 24
$-1.1B
FCF Margin
ABNB
ABNB
STT
STT
Q4 25
266.6%
Q3 25
216.0%
Q2 25
-254.1%
Q1 25
66.1%
Q4 24
-225.1%
Q3 24
75.9%
Q2 24
-246.2%
Q1 24
-34.2%
Capex Intensity
ABNB
ABNB
STT
STT
Q4 25
7.3%
Q3 25
6.9%
Q2 25
9.3%
Q1 25
6.9%
Q4 24
7.3%
Q3 24
7.2%
Q2 24
6.7%
Q1 24
7.3%
Cash Conversion
ABNB
ABNB
STT
STT
Q4 25
1.54×
13.44×
Q3 25
0.99×
9.18×
Q2 25
1.52×
-12.18×
Q1 25
11.62×
3.72×
Q4 24
1.01×
-9.49×
Q3 24
0.79×
3.71×
Q2 24
1.89×
-10.75×
Q1 24
7.28×
-1.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ABNB
ABNB

North America$1.1B41%
EMEA$930.0M33%
Latin America$351.0M13%
Other$351.0M13%

STT
STT

Other$2.2B59%
Investment Management$729.0M20%
Management Services$662.0M18%
Other Fee Revenue$56.0M2%
Securities Financing Services$54.0M1%

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