Airbnb (ABNB) 10-Q 8 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	Apr. 22, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-39778
Entity Registrant Name	Airbnb, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-3051428
Entity Address, Address Line One	888 Brannan Street
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94103
City Area Code	415
Local Phone Number	510-4027
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	ABNB
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001559720
Current Fiscal Year End Date	--12-31
Document Fiscal Year End Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		441,500,418
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		193,343,397
Common Class C
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0
Common Class H
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		9,200,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 7,829	$ 6,874
Short-term investments (including assets reported at fair value of $2,507 and $2,524, respectively)	3,264	3,197
Funds receivable and amounts held on behalf of customers	8,737	5,869
Prepaids and other current assets (including customer receivables of $249 and $212 and allowances of $44 and $37, respectively)	563	569
Total current assets	20,393	16,509
Deferred tax assets, net	2,886	2,881
Goodwill and intangible assets, net	786	792
Other assets, noncurrent	472	463
Total assets	24,537	20,645
Current liabilities:
Accrued expenses, accounts payable, and other current liabilities	2,968	2,654
Funds payable and amounts payable to customers	8,737	5,869
Unearned fees	2,434	1,427
Total current liabilities	14,139	9,950
Long-term debt	1,992	1,991
Other liabilities, noncurrent	510	539
Total liabilities	16,641	12,480
Commitments and contingencies (Note 9)
Stockholders’ equity:
Common stock	0	0
Additional paid-in capital	11,819	11,639
Accumulated other comprehensive loss	(9)	(49)
Accumulated deficit	(3,914)	(3,425)
Total stockholders’ equity	7,896	8,165
Total liabilities and stockholders’ equity	$ 24,537	$ 20,645

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Short-term investments assets reported at fair value	$ 2,524	$ 2,507
Customer receivables, before allowance	212	249
Customer receivables, allowance	$ 37	$ 44
Common stock, par value (in USD per share)	$ 0.0001	$ 0.0001
Common Class A
Common stock authorized (in shares)	2,000,000,000	2,000,000,000
Common stock issued (in shares)	443,000,000	438,000,000
Common stock outstanding (in shares)	443,000,000	438,000,000
Common Class B
Common stock authorized (in shares)	710,000,000	710,000,000
Common stock issued (in shares)	193,000,000	200,000,000
Common stock outstanding (in shares)	193,000,000	200,000,000
Common Class C
Common stock authorized (in shares)	2,000,000,000	2,000,000,000
Common stock issued (in shares)	0	0
Common stock outstanding (in shares)	0	0
Common Class H
Common stock authorized (in shares)	26,000,000	26,000,000
Common stock issued (in shares)	9,000,000	9,000,000
Common stock outstanding (in shares)	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues [Abstract]
Revenue	$ 2,142	$ 1,818
Costs and expenses:
Cost of revenue	480	428
Operations and support	285	282
Product development	475	420
Sales and marketing	514	450
General and administrative	287	243
Total costs and expenses	2,041	1,823
Income (loss) from operations	101	(5)
Interest income	202	146
Other expense, net	(10)	(11)
Income before income taxes	293	130
Provision for income taxes	29	13
Net income	$ 264	$ 117
Net income per share attributable to Class A and Class B common stockholders:
Net income per share attributable to Class A and Class B common stockholders, basic (in USD per share)	$ 0.41	$ 0.18
Net income per share attributable to Class A and Class B common stockholders, diluted (in USD per share)	$ 0.41	$ 0.18
Weighted-average shares used in computing net income per share attributable to Class A and Class B common stockholders:
Weighted-average shares used in computing net income per share attributable to Class A and Class B common stockholders, basic (in shares)	638	634
Weighted-average shares used in computing net income per share attributable to Class A and Class B common stockholders, diluted (in shares)	654	670

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 264	$ 117
Other comprehensive income:
Net unrealized income (loss) on available-for-sale marketable securities, net of tax	(3)	3
Net unrealized income (loss) on cash flow hedges, net of tax	48	(4)
Foreign currency translation adjustments	(5)	3
Other comprehensive income	40	2
Comprehensive income	$ 304	$ 119

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders’ Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock		Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2022		631
Beginning balance at Dec. 31, 2022	$ 5,560	$ 0	[1]	$ 11,557	$ (32)	$ (5,965)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	117					117
Other comprehensive income	2				2
Exercise of common stock options (in shares)		2
Exercise of common stock options	17			17
Issuance of common stock upon settlement of RSUs, net of shares withheld for taxes (in shares)		1
Issuance of common stock upon settlement of RSUs, net of shares withheld for taxes	(155)			(155)
Stock-based compensation	243			243
Repurchases of common stock (in shares)		(4)
Repurchases of common stock	(493)					(493)
Ending balance (in shares) at Mar. 31, 2023		630
Ending balance at Mar. 31, 2023	5,291	$ 0	[1]	11,662	(30)	(6,341)
Beginning balance (in shares) at Dec. 31, 2023		638
Beginning balance at Dec. 31, 2023	8,165	$ 0	[1]	11,639	(49)	(3,425)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	264					264
Other comprehensive income	$ 40				40
Exercise of common stock options (in shares)	1	1
Exercise of common stock options	$ 46			46
Issuance of common stock upon settlement of RSUs, net of shares withheld for taxes (in shares)		2
Issuance of common stock upon settlement of RSUs, net of shares withheld for taxes	(168)			(168)
Stock-based compensation	302			302
Repurchases of common stock (in shares)		(5)
Repurchases of common stock	(753)					(753)
Ending balance (in shares) at Mar. 31, 2024		636
Ending balance at Mar. 31, 2024	$ 7,896	$ 0	[1]	$ 11,819	$ (9)	$ (3,914)
[1]Amounts round to zero and do not change rounded totals

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 264	$ 117
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	14	11
Stock-based compensation expense	295	240
Other, net	4	12
Changes in operating assets and liabilities:
Prepaids and other assets	13	(32)
Accrued expenses and other liabilities	325	250
Unearned fees	1,008	989
Net cash provided by operating activities	1,923	1,587
Cash flows from investing activities:
Purchases of short-term investments	(826)	(1,094)
Sales and maturities of short-term investments	756	917
Other investing activities, net	(14)	(6)
Net cash used in investing activities	(84)	(183)
Cash flows from financing activities:
Taxes paid related to net share settlement of equity awards	(155)	(151)
Proceeds from exercise of equity awards	46	17
Repurchases of common stock	(750)	(493)
Change in funds payable and amounts payable to customers	2,993	2,913
Net cash provided by financing activities	2,134	2,286
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(111)	79
Net increase in cash, cash equivalents, and restricted cash	3,862	3,769
Cash, cash equivalents, and restricted cash, beginning of period	12,667	12,103
Cash, cash equivalents, and restricted cash, end of period	16,529	15,872
Supplemental disclosures of cash flow information:
Cash paid for income taxes, net of refunds	$ 29	$ 11

Description of Business

Description of Business	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Airbnb, Inc. (the “Company” or “Airbnb”) was incorporated in Delaware in June 2008 and is headquartered in San Francisco, California. The Company operates a global platform for unique stays and experiences. The Company’s marketplace model connects hosts and guests (collectively referred to as “customers”) online or through mobile devices to book spaces and experiences around the world.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and the applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) regarding interim financial information. Certain information and note disclosures normally included in the consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of and for the year ended December 31, 2023, included in the Company’s Annual Report on Form 10-K, filed with the SEC on February 16, 2024. The results for the interim periods are not necessarily indicative of results for the full year. Certain immaterial amounts in prior periods have been reclassified to conform with current period presentation. In the opinion of management, these unaudited condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for the fair statement of the unaudited condensed consolidated financial position, results of operations and cash flows for these interim periods. Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries in accordance with consolidation accounting guidance. All intercompany transactions have been eliminated in consolidation. Use of Estimates The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. The Company regularly evaluates its estimates, including those related to bad debt reserves, fair value of investments, useful lives of long-lived assets and intangible assets, valuation of goodwill and intangible assets from acquisitions, contingent liabilities, insurance reserves, revenue recognition, valuation of common stock, stock-based compensation, and income and non-income taxes, among others. Actual results could differ materially from these estimates. As the impact of the uncertain macroeconomic conditions, including inflation and rising interest rates, continues to evolve, estimates and assumptions about future events and their effects cannot be determined with certainty and therefore require increased judgment. These estimates and assumptions may change in future periods and will be recognized in the unaudited condensed consolidated financial statements as new events occur and additional information becomes known. To the extent the Company’s actual results differ materially from those estimates and assumptions, the Company’s future unaudited condensed consolidated financial statements could be affected. Recently Adopted Accounting Standards In June 2022, the Financial Accounting Standards Board (the “FASB”) issued guidance related to the fair value measurement of an equity security subject to contractual sale restrictions that prohibit the sale of the equity security. The new guidance also introduced new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value. The Company adopted the guidance effective January 1, 2024. There was no impact to the Company’s unaudited condensed consolidated financial statements upon adoption. Recently Issued Accounting Standards Not Yet Adopted In December 2023, the FASB issued an update which expands income tax disclosure in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the U.S. and foreign jurisdictions. The update is effective for public companies in fiscal years beginning after December 15, 2024 on a prospective basis, with the option to apply the update retrospectively. Early adoption is permitted. The Company does not expect the adoption of the new guidance to have a material impact on its unaudited condensed consolidated financial statements other than the expanded footnote disclosure. In November 2023, the FASB issued an update to improve disclosure of reportable segments on an annual and interim basis, primarily through enhanced disclosures about significant segment expenses. The update is effective for public companies in fiscal years beginning after December 15, 2023, and for interim periods beginning after December 15, 2024, on a retrospective basis with early adoption permitted. The Company does not expect the adoption of the new guidance to have a material impact on its unaudited condensed consolidated financial statements other than the expanded footnote disclosure. There are other new accounting pronouncements issued by the FASB that the Company has adopted or will adopt, as applicable, and the Company does not believe any of these accounting pronouncements have had, or will have, a material impact on its unaudited condensed consolidated financial statements or disclosures.

Supplemental Financial Statemen

Supplemental Financial Statement Information	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Financial Statement Information	Supplemental Financial Statement Information Cash, Cash Equivalents, and Restricted Cash The following table reconciles cash, cash equivalents, and restricted cash reported on the Company’s unaudited condensed consolidated balance sheets to the total amount presented in the unaudited condensed consolidated statements of cash flows (in millions): December 31, March 31, Cash and cash equivalents $ 6,874 $ 7,829 Cash and cash equivalents included in funds receivable and amounts held on behalf of customers 5,769 8,665 Restricted cash included in prepaids and other current assets 24 35 Total cash, cash equivalents, and restricted cash presented in the unaudited condensed consolidated statements of cash flows $ 12,667 $ 16,529 Supplemental disclosures of balance sheet information Supplemental balance sheet information consisted of the following (in millions): December 31, March 31, Other assets, noncurrent: Property and equipment, net $ 160 $ 171 Operating lease right-of-use assets 119 111 Other 184 190 Other assets, noncurrent $ 463 $ 472 Accrued expenses, accounts payable, and other current liabilities: Indirect taxes payable and withholding tax reserves $ 1,119 $ 1,455 Compensation and employee benefits 436 346 Accounts payable 141 184 Operating lease liabilities, current 61 61 Other 897 922 Accrued expenses, accounts payable, and other current liabilities $ 2,654 $ 2,968 Other liabilities, noncurrent: Operating lease liabilities, noncurrent $ 252 $ 237 Other liabilities, noncurrent 287 273 Other liabilities, noncurrent $ 539 $ 510 Payments to Customers The Company makes payments to customers as part of its incentive programs (composed of referral programs and marketing promotions) and refund activities. The payments are generally in the form of coupon credits to be applied toward future bookings or as cash refunds. The following table summarizes total payments made to customers (in millions): Three Months Ended 2023 2024 Reductions to revenue $ 77 $ 87 Charges to operations and support 22 20 Charges to sales and marketing expense 13 9 Total payments made to customers $ 112 $ 116 Revenue Disaggregated by Geographic Region The following table presents revenue disaggregated by listing location (in millions): Three Months Ended 2023 2024 North America $ 925 $ 1,015 Europe, the Middle East, and Africa 458 567 Latin America 235 307 Asia Pacific 200 253 Total revenue disaggregated by geographic region $ 1,818 $ 2,142

Investments

Investments	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investments	Investments The following tables summarize the Company’s investments by major security type (in millions): December 31, 2023 Amortized Gross Gross Total Short-term investments Debt securities: Certificates of deposit $ 172 $ — $ — $ 172 Government bonds 332 1 — 333 Commercial paper 366 — — 366 Corporate debt securities 1,490 4 (3) 1,491 Mortgage-backed and asset-backed securities 148 1 (4) 145 Total debt securities 2,508 6 (7) 2,507 Time deposits 690 — — 690 Total short-term investments $ 3,198 $ 6 $ (7) $ 3,197 Long-term investments (1) Debt securities: Corporate debt securities $ 13 $ — $ (9) $ 4 March 31, 2024 Amortized Gross Gross Total Short-term investments Debt securities: Certificates of deposit $ 13 $ — $ — $ 13 Government bonds 345 — — 345 Commercial paper 500 — — 500 Corporate debt securities 1,480 3 (4) 1,479 Mortgage-backed and asset-backed securities 191 — (4) 187 Total debt securities 2,529 3 (8) 2,524 Time deposits 740 — — 740 Total short-term investments $ 3,269 $ 3 $ (8) $ 3,264 Long-term investments (1) Debt securities: Corporate debt securities $ 13 $ — $ (9) $ 4 (1) Classified within other assets, noncurrent on the unaudited condensed consolidated balance sheets. As of December 31, 2023 and March 31, 2024, the Company did not have any available-for-sale debt securities for which the Company recorded credit-related losses. Unrealized gains and losses, net of tax before reclassifications from accumulated other comprehensive loss (“AOCI”) to other expense, net were not material for the three months ended March 31, 2023 and 2024. Realized gains and losses reclassified from AOCI to other expense, net were not material for the three months ended March 31, 2023 and 2024. Debt securities in an unrealized loss position had an estimated fair value of $777 million and $1.1 billion, and unrealized losses of $16 million and $18 million as of December 31, 2023 and March 31, 2024, respectively. A total of $283 million and $479 million of these securities, with unrealized losses of $14 million and $16 million, were in a continuous unrealized loss position for more than twelve months as of December 31, 2023 and March 31, 2024, respectively. The following table summarizes the contractual maturities of the Company’s available-for-sale debt securities (in millions): March 31, 2024 Amortized Estimated Due within one year $ 1,489 $ 1,489 Due after one year through five years 957 947 Due after five years 96 92 Total $ 2,542 $ 2,528

Fair Value Measurements and Fin

Fair Value Measurements and Financial Instruments	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements and Financial Instruments	Fair Value Measurements and Financial Instruments The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis (in millions): December 31, 2023 Level 1 Level 2 Level 3 Total Assets Cash and cash equivalents: Money market funds $ 2,018 $ — $ — $ 2,018 Certificates of deposit — 1 — 1 Government bonds — 115 — 115 Commercial paper — 223 — 223 Corporate debt securities — 12 — 12 2,018 351 — 2,369 Short-term investments: Certificates of deposit — 172 — 172 Government bonds — 333 — 333 Commercial paper — 366 — 366 Corporate debt securities — 1,491 — 1,491 Mortgage-backed and asset-backed securities — 145 — 145 — 2,507 — 2,507 Funds receivable and amounts held on behalf of customers: Money market funds 1,360 — — 1,360 Prepaids and other current assets: Foreign exchange derivative assets — 27 — 27 Other assets, noncurrent: Corporate debt securities — — 4 4 Total assets at fair value $ 3,378 $ 2,885 $ 4 $ 6,267 Liabilities Accrued expenses, accounts payable, and other current liabilities: Foreign exchange derivative liabilities $ — $ 55 $ — $ 55 Other liabilities, noncurrent: Foreign exchange derivative liabilities — 5 — 5 Total liabilities at fair value $ — $ 60 $ — $ 60 March 31, 2024 Level 1 Level 2 Level 3 Total Assets Cash and cash equivalents: Money market funds $ 2,144 $ — $ — $ 2,144 Government bonds — 124 — 124 Commercial paper — 251 — 251 Corporate debt securities — 39 — 39 2,144 414 — 2,558 Short-term investments: Certificates of deposit — 13 — 13 Government bonds — 345 — 345 Commercial paper — 500 — 500 Corporate debt securities — 1,479 — 1,479 Mortgage-backed and asset-backed securities — 187 — 187 — 2,524 — 2,524 Funds receivable and amounts held on behalf of customers: Money market funds 2,277 — — 2,277 Prepaids and other current assets: Foreign exchange derivative assets — 35 — 35 Other assets, noncurrent: Corporate debt securities — — 4 4 Total assets at fair value $ 4,421 $ 2,973 $ 4 $ 7,398 Liabilities Accrued expenses, accounts payable and other current liabilities: Foreign exchange derivative liabilities $ — $ 15 $ — $ 15 Total liabilities at fair value $ — $ 15 $ — $ 15 There were no material changes in unrealized losses included in other comprehensive income relating to investments measured at fair value for which the Company has utilized Level 3 inputs to determine fair value during the three months ended March 31, 2023 and 2024. There were no transfers of financial instruments into or out of Level 3 during the three months ended March 31, 2023 and 2024.

Derivative Instruments and Hedg

Derivative Instruments and Hedging	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging	Derivative Instruments and Hedging The Company has a portion of its business denominated and transacted in foreign currencies, which subjects the Company to foreign exchange risk, and uses derivative instruments to manage financial exposures that occur in the normal course of business. The Company does not hold or issue derivatives for trading or speculative purposes. The Company may elect to designate certain derivatives to partially offset its business exposure to foreign exchange risk. However, the Company may choose not to hedge certain exposures for a variety of reasons including accounting considerations or the prohibitive economic cost of hedging particular exposures. There can be no assurance the hedges will offset more than a portion of the financial impact resulting from movements in foreign exchange rates. Foreign Exchange Risk To protect revenue from fluctuations in foreign currency exchange rates, the Company may enter into forward contracts, option contracts, or other instruments, and may designate these instruments as cash flow hedges. The Company generally hedges portions of its forecasted foreign currency exposure associated with revenue, for up to 18 months. The Company may also enter into derivative instruments that are not designated as accounting hedges to offset a portion of the foreign currency exchange gains and losses generated by the remeasurement of certain assets and liabilities denominated in non-functional currencies. The following table summarizes the effect of derivative instruments on the Company’s unaudited condensed consolidated balance sheets (in millions): Derivative Assets (1) Location December 31, March 31, Derivatives designated as hedging instruments: Foreign exchange contracts (current) Prepaids and other current assets $ 4 $ 21 Foreign exchange contracts (noncurrent) Other assets, noncurrent — 1 Total derivatives designated as hedging instruments $ 4 $ 22 Derivatives not designated as hedging instruments: Foreign exchange contracts (current) Prepaids and other current assets $ 23 $ 15 Derivative Liabilities (1) Location December 31, March 31, Derivatives designated as hedging instruments: Foreign exchange contracts (current) Accrued expenses, accounts payable, and other current liabilities $ 25 $ 4 Foreign exchange contracts (noncurrent) Other liabilities, noncurrent 5 — Total derivatives designated as hedging instruments $ 30 $ 4 Derivatives not designated as hedging instruments: Foreign exchange contracts (current) Accrued expenses, accounts payable, and other current liabilities $ 30 $ 11 (1) Derivative assets and derivatives liabilities are measured using Level 2 inputs. To limit credit risk, the Company generally enters into master netting arrangements with the respective counterparties to the Company’s derivative contracts, under which the Company is allowed to settle transactions with a single net amount payable by one party to the other. As of March 31, 2024, the potential effect of these rights of off-set associated with the Company’s derivative contracts would be a reduction to both derivative assets and liabilities of $15 million, resulting in net derivative assets of $22 million. The effect of derivative instruments designated as hedging instruments on the unaudited condensed consolidated statements of operations was not material for the three months ended March 31, 2024. Effect of derivative instruments designated as hedging instruments on AOCI The following table summarizes the activity of derivative instruments designated as cash flow hedges and the impact of these derivative contracts on AOCI, net of tax (in millions): Gain (Loss) Recognized in Other Comprehensive Income Gain (Loss) Reclassified from Three Months Ended March 31, Three Months Ended March 31, 2023 2024 2023 2024 Derivatives designated as cash flow hedges: Foreign exchange contracts $ (4) $ 50 $ — $ 2 As of March 31, 2024, cumulative unrealized gains recorded in AOCI, net of tax related to derivative instruments designated as hedging instruments were $17 million. Effect of derivative instruments not designated as hedging instruments on the unaudited condensed consolidated statements of operations The following table presents the activity of derivative instruments not designated as hedging instruments and the impact of these derivative contracts on the unaudited condensed consolidated statements of operations (in millions): Realized Loss on Derivatives Unrealized Gain (Loss) on Derivatives Three Months Ended March 31, Three Months Ended March 31, 2023 2024 2023 2024 Derivatives not designated as hedging instruments: Foreign exchange contracts $ (20) $ (21) $ (1) $ 11 Cash flow hedges The total notional amount of outstanding foreign currency derivatives designated as cash flow hedges was $2.0 billion and $2.2 billion as of December 31, 2023 and March 31, 2024, respectively. As of March 31, 2024, approximately $16 million of deferred net gains on both outstanding and matured derivatives in AOCI are expected to be reclassified to revenue during the next 12 months concurrent with the underlying hedged transactions which will be recorded in revenue. Actual amounts ultimately reclassified to revenue are dependent on the exchange rates in effect when derivative contracts currently outstanding mature. Derivatives not designated as hedging instruments The total notional amount of outstanding derivatives not designated as hedging instruments was $2.4 billion and $3.1 billion as of December 31, 2023 and March 31, 2024, respectively.

Debt

Debt	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Debt	Debt Convertible Senior Notes In 2021, the Company issued $2.0 billion aggregate principal amount of 0% convertible senior notes due 2026 (the "2026 Notes") pursuant to an indenture, dated March 8, 2021 (the "Indenture"), between the Company and U.S. Bank National Association, as trustee. As of both December 31, 2023 and March 31, 2024, total outstanding debt, net of unamortized debt discount and debit issuance costs, was $2.0 billion. Interest expense was immaterial for both the three months ended March 31, 2023 and 2024. As of March 31, 2024, the if-converted value of the 2026 Notes did not exceed the outstanding principal amount. As of March 31, 2024, the total estimated fair value of the 2026 Notes was $1.9 billion and was determined based on a market approach using actual bids and offers of the 2026 Notes in an over-the-counter market on the last trading day of the period, or Level 2 inputs. 2022 Credit Facility In 2022, the Company entered into a five-year unsecured Revolving Credit Agreement, which provides for initial commitments by a group of lenders led by Morgan Stanley Senior Funding, Inc. of $1.0 billion (“2022 Credit Facility”). The 2022 Credit Facility provides a $200 million sub-limit for the issuance of letters of credit. The 2022 Credit Facility contains customary events of default, affirmative and negative covenants, including restrictions on the Company’s and certain of its subsidiaries’ ability to incur debt and liens, undergo fundamental changes, as well as certain financial covenants. The Company was in compliance with all financial covenants as of March 31, 2024. As of March 31, 2024, no amounts were drawn under the 2022 Credit Facility and outstanding letters of credit totaled $25 million.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock-Based Compensation Expense The following table summarizes total stock-based compensation expense (in millions): Three Months Ended 2023 2024 Operations and support $ 15 $ 19 Product development 149 185 Sales and marketing 28 35 General and administrative 48 56 Stock-based compensation expense $ 240 $ 295 Stock Option and Restricted Stock Unit Activity A summary of stock option and restricted stock unit (“RSU”) activity under the Company’s equity incentive plans was as follows (in millions, except per share amounts): Outstanding Stock Options Outstanding RSUs Shares Number of Weighted- Number of Weighted- As of December 31, 2023 134 7 $ 71.76 30 $ 85.35 Granted (7) — — 7 166.17 Increase in shares available for grant 13 — — — — Options exercised/RSUs vested (1) 1 (1) 42.12 (2) 109.14 As of March 31, 2024 141 6 $ 80.12 35 $ 100.12 (1) RSUs vested are net of shares withheld for taxes. Number of Weighted- Weighted- Average Remaining Contractual Life (Years) Aggregate Options outstanding as of March 31, 2024 6 $ 80.12 5.87 $ 541 Options exercisable as of March 31, 2024 5 $ 66.85 5.12 $ 484

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments The Company has commitments including purchase obligations for web-hosting services and other commitments for brand marketing. As of March 31, 2024, there were no material changes outside the ordinary course of business to the Company’s commitments, as disclosed in its Annual Report on Form 10-K for the year ended December 31, 2023. Lodging Tax Obligations and Other Non-Income Tax Matters Platform Related Taxes and Collection Obligations Some states and localities in the United States and elsewhere in the world impose transient occupancy or lodging accommodations taxes (“Lodging Taxes”) on the use or occupancy of lodging accommodations or other traveler services. As of March 31, 2024, the Company collects and remits Lodging Taxes in approximately 33,000 jurisdictions on behalf of its hosts. Such Lodging Taxes are generally remitted to tax jurisdictions within a 30 to 90-day period following the end of each month. The Company’s potential obligations with respect to Lodging Taxes could be affected by various factors, which include, but are not limited to, whether the Company determines or any tax authority asserts that the Company has a responsibility to collect lodging and related taxes on either historical or future transactions, or by the introduction of new ordinances and taxes that subject the Company’s operations to such taxes. Accordingly, the ultimate resolution of Lodging Taxes may be greater or less than the reserve amounts that the Company has recorded. at issue impose a Lodging Tax obligation on the person exercising the taxable privilege of providing accommodations, or the Company’s hosts. The imposition of such taxes on the Company could increase the cost of a guest booking and potentially cause a reduction in the volume of bookings on the Company’s platform, which would adversely impact the Company’s results of operations. The Company will continue to monitor the application and interpretation of lodging and related taxes and ordinances and will adjust accruals based on any new information or further developments. In 2017, Italy passed a law purporting to require short-term rental platforms that process payments to withhold and remit host income tax and collect and remit tourist tax, amongst other obligations (“2017 Law”). The Company challenged this law before the Italian courts and the Court of Justice of the European Union (“CJEU”). In December 2022, the CJEU found that European law does not prohibit member states from passing legislation requiring short-term rental platforms to withhold income taxes from their hosts, however a requirement to appoint a tax representative, on which the 2017 Law and the withholding obligations are based, is contrary to European Union (“EU”) law. In October 2023, the Italian national court upheld the ruling of the CJEU. The Company’s subsidiary in Italy and subsidiary in Ireland continue to be, or could be in the future, subject to tax audits in Italy, including in relation to permanent establishment, transfer pricing, and withholding obligations. In May 2023, the Guardia di Finanza de Milano (“GdF”) issued a Tax Audit Report recommending to the Italian tax authorities a formal tax assessment of 779 million Euro on Airbnb’s subsidiary in Ireland relating to the 2017 Law and associated withholding tax obligations. On December 13, 2023, without admitting any liability, Airbnb Ireland signed an agreement with the Italian Revenue Agency (“ITA”) in settlement of the 2017-2021 audit period for an aggregate payment of 576 million Euro ($621 million). Such agreement settles a dispute about Airbnb Ireland’s obligations to withhold and remit host income tax, including taxes, interest, and penalties, for those relevant periods. The GdF conducted a withholding tax audit of Airbnb Ireland UC for the 2022 and 2023 tax years and issued a report to the ITA in March 2024. The Company expects to begin settlement discussions with the ITA in the second quarter 2024. With respect to all other withholding tax on payments made to hosts and transactional taxes for which a loss is probable or reasonably possible, the Company is unable to determine an estimate of the possible loss or range of loss beyond the amounts already accrued. Payroll Taxes The Company is subject to regular payroll tax examinations by various international, state and local jurisdictions. Although management believes its tax withholding remittance practices are appropriate, the Company may be subject to additional tax liabilities, including interest and penalties, if any tax authority disagrees with the Company’s withholding and remittance practices, or if there are changes in laws, regulations, administrative practices, principles or interpretations related to payroll tax withholding in the various international, state and local jurisdictions. Legal and Regulatory Matters Regulatory Matters further alter or impact the Company’s business. Intellectual Property The Company has been and is currently subject to claims relating to intellectual property, including alleged patent infringement. Adverse results in such lawsuits may include awards of substantial monetary damages, costly royalty or licensing agreements, or orders preventing the Company from offering certain features, functionalities, products, or services, and may also cause the Company to change its business practices or require development of non-infringing products or technologies, which could result in a loss of revenue or otherwise harm its business. To date, the Company has not incurred any material costs as a result of such cases and has not recorded any material liabilities in its consolidated financial statements related to such matters. Litigation and Other Legal Proceedings The Company is currently involved in, and may in the future be involved in, legal proceedings, claims, and government investigations in the ordinary course of business. These include proceedings, claims, and investigations relating to, among other things, regulatory matters, commercial matters, intellectual property, competition, tax, employment, pricing, discrimination, consumer rights, personal injury, and property rights. Depending on the nature of the proceeding, claim, or investigation, the Company may be subject to monetary damage awards, fines, penalties, and/or injunctive orders. Furthermore, the outcome of these matters could materially adversely affect the Company’s business, results of operations, and financial condition. The outcomes of legal proceedings, claims, and government investigations are inherently unpredictable and subject to significant judgment to determine the likelihood and amount of loss related to such matters. While it is not possible to determine the outcomes, the Company believes based on its current knowledge that the resolution of all such pending matters will not, either individually or in the aggregate, have a material adverse effect on the Company’s business, results of operations, financial condition, or cash flows. The Company establishes an accrued liability for loss contingencies related to legal matters when a loss is both probable and reasonably estimable. These accruals represent management’s best estimate of probable losses. Such currently accrued amounts are not material to the Company’s unaudited condensed consolidated financial statements. However, management’s views and estimates related to these matters may change in the future, as new events and circumstances arise and the matters continue to develop. Until the final resolution of legal matters, there may be an exposure to losses in excess of the amounts accrued. With respect to outstanding legal matters, based on current knowledge, the amount or range of reasonably possible loss will not, either individually or in the aggregate, have a material adverse effect on the Company’s business, results of operations, financial condition, or cash flows. Legal fees are expensed as incurred. Host Protections The Company offers AirCover coverage, which includes but is not limited to, the Company’s Host Damage Protection program that provides protection of up to $3 million for direct physical loss or damage to a host’s covered property caused by guests during a confirmed booking and when the host and guest are unable to resolve the dispute. The Company retains risk and also maintains insurance from third parties on a per claim basis to protect the Company’s financial exposure under this program. In addition, through third-party insurers and self-insurance mechanisms, including a wholly-owned captive insurance subsidiary, the Company provides insurance coverage for third-party bodily injury or property damage liability claims that occur during a stay. The Company’s Host Liability Insurance and Experiences Liability Insurance consists of a commercial general liability policy, with hosts and the Company as named insureds and landlords of hosts as additional insureds. The Host Liability Insurance and Experiences Liability Insurance provides primary coverage for up to $1 million per occurrence, subject to a $1 million cap per listing location, and includes various market standard conditions, limitations, and exclusions. Indemnifications The Company has entered into indemnification agreements with certain of its employees, officers and directors. The indemnification agreements and the Company’s Amended and Restated Bylaws (the “Bylaws”) require the Company to indemnify its directors and officers and those employees who have entered into indemnification agreements to the fullest extent not prohibited by Delaware law. Subject to certain limitations, the indemnification agreements and Bylaws also require the Company to advance expenses incurred by its directors and officers and those employees who have entered into indemnification agreements. No demands have been made upon the Company to provide indemnification or advancement under the indemnification agreements or the Bylaws, and thus, there are no indemnification or advancement claims that the Company is aware of that could have a material adverse effect on the Company’s business, results of operations, financial condition, or cash flows. In the ordinary course of business, the Company has included limited indemnification provisions in certain agreements with parties with whom the Company has commercial relations, which provisions are of varying scope and terms with respect to indemnification of certain matters, which may include losses arising out of the Company’s breach of such agreements or out of intellectual property infringement claims made by third parties. It is not possible to determine the maximum potential loss under these indemnification provisions due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular provision. To date, no significant costs have been incurred, either individually or collectively, in connection with the Company’s indemnification provisions.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s tax provision for interim periods is determined by using an estimated annual effective tax rate, adjusted for discrete items arising in that quarter. In each quarter, the Company updates the estimated annual effective tax rate and makes a year-to-date adjustment to the provision. The estimated annual effective tax rate is subject to significant volatility due to several factors, including accurately predicting the Company’s pre-tax and taxable income and loss and the mix of jurisdictions to which they relate, intercompany transactions, audit-related developments, and changes in statutes, regulations, case law, and administrative actions. The Company recorded income tax expense of $13 million and $29 million for the three months ended March 31, 2023 and 2024, respectively, which were primarily driven by current and deferred tax on U.S. and foreign earnings, the accrual of interest on certain uncertain tax positions, and the income tax benefit from excess tax benefits on stock-based compensation arising during the quarter. The Company’s significant tax jurisdictions include the United States, California, and Ireland. The Company is currently under examination for income taxes by the Internal Revenue Service (“IRS”) for the 2013, 2016, 2017, and 2018 tax years. The primary issue under examination in the 2013 audit is the valuation of the Company’s international intellectual property which was sold to a subsidiary in 2013. In the year ended December 31, 2019, new information became available which required the Company to remeasure its reserve for unrecognized tax benefits. The Company recorded additional tax expense of $196 million during the year ended December 31, 2019. In December 2020, the Company received a Notice of Proposed Adjustment (“NOPA”) from the IRS which proposed an increase to the Company’s U.S. taxable income that could result in additional income tax expense and cash liability of $1.3 billion, plus penalties and interest, which exceeds its current reserve recorded in its consolidated financial statements by more than $1.0 billion. The Company disagrees with the proposed adjustment and continues to vigorously contest it. In February 2021, the Company submitted a protest to the IRS describing its disagreement with the proposed adjustment and requesting the case be transferred to the IRS Independent Office of Appeals (“IRS Appeals”). In December 2021, the Company received a rebuttal from the IRS with the same proposed adjustments that were in the NOPA. In January 2022, the Company entered into an administrative dispute process with IRS Appeals. An acceptable outcome is not expected to be reached with IRS Appeals, and the Company expects to receive a Statutory Notice of Deficiency (“Notice”) from the IRS related to the aforementioned valuation of its international intellectual property consistent with the previously received NOPA, claiming that the Company owes $1.3 billion in tax, plus penalties and interest. The Company will continue to pursue all available remedies to resolve this dispute, including petitioning the U.S. Tax Court (“Tax Court”) for redetermination, and if necessary, appealing the Tax Court’s decision to the appropriate appellate court. The Company believes that adequate amounts have been reserved for any adjustments that may ultimately result from these examinations. If the IRS prevails in the assessment of additional tax due based on its position and such tax and related interest and penalties, if any, exceeds the Company’s current reserves, such outcome could have a material adverse impact on the Company’s financial position and results of operations, and any assessment of additional tax could require a significant cash payment and have a material adverse impact on the Company’s unaudited condensed consolidated statements of cash flow. On August 16, 2022, the Inflation Reduction Act was signed into law, with tax provisions primarily focused on implementing a 15% minimum tax known as the Corporate Alternative Minimum Tax (“CAMT”) on global adjusted financial statement income and a 1% excise tax on net share repurchases. The Inflation Reduction Act became effective beginning in fiscal year 2023. The Company anticipates paying a material amount of additional federal taxes in 2024 due to the CAMT. The additional CAMT will result in tax credits that are expected to offset the Company’s federal tax in subsequent years, thus there is no impact to the overall tax provision.

Net Income per Share

Net Income per Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Net Income per Share	Net Income per Share The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders for the periods indicated (in millions, except per share amounts): Three Months Ended 2023 2024 Net income $ 117 $ 264 Add: convertible notes interest expense, net of tax 1 1 Net income - diluted $ 118 $ 265 Weighted-average shares in computing net income per share attributable to Class A and Class B common stockholders: Basic 634 638 Effect of dilutive securities 36 16 Diluted 670 654 Net income per share attributable to Class A and Class B common stockholders: Basic $ 0.18 $ 0.41 Diluted $ 0.18 $ 0.41 As of both March 31, 2023 and 2024, 9.6 million shares of RSUs were excluded from the table below because they are subject to performance conditions that were not achieved as of such date. Additionally, the following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive (in millions): Three Months Ended 2023 2024 Stock options 1 2 RSUs 8 4 Total 9 6 Share Repurchase Program In May 2023 and February 2024, the Company announced that its board of directors approved share repurchase programs to purchase up to $2.5 billion and $6.0 billion of the Company’s Class A common stock, respectively. Share repurchases under these share repurchase programs may be made through a variety of methods, such as open market purchases, privately negotiated transactions, block trades or accelerated share repurchase transactions or by any combination of such methods. Any such repurchases will be made from time to time subject to market and economic conditions, applicable legal requirements and other relevant factors. These share repurchase programs do not obligate the Company to repurchase any specific number of shares and may be modified, suspended or terminated at any time at the Company’s discretion.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 264	$ 117

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Director and Officer 10b5-1 Trading Plans (“10b5-1 Plans”) The following table sets forth the material terms of 10b5-1 Plans intended to satisfy the affirmative defense conditions of Rule 10b5–1(c) that were adopted, terminated, or modified by our directors and officers during the three months ended March 31, 2024: Name and Title of Director or Officer Action Date Expiration Date Maximum Number of Shares to be Sold Under the Plan David Bernstein, Chief Accounting Officer Adopt 2/22/2024 1/27/2025 41,000 Brian Chesky, Chief Executive Officer and Director Adopt 2/28/2024 11/11/2024 1,146,000 Joseph Gebbia, Director Adopt 2/29/2024 10/31/2024 1,322,523
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
David Bernstein [Member]
Trading Arrangements, by Individual
Name	David Bernstein
Title	Chief Accounting Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	2/22/2024
Arrangement Duration	340 days
Aggregate Available	41,000
Brian Chesky [Member]
Trading Arrangements, by Individual
Name	Brian Chesky
Title	Chief Executive Officer and Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	2/28/2024
Arrangement Duration	257 days
Aggregate Available	1,146,000
Joseph Gebbia [Member]
Trading Arrangements, by Individual
Name	Joseph Gebbia
Title	Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	2/29/2024
Arrangement Duration	245 days
Aggregate Available	1,322,523

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and the applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) regarding interim financial information. Certain information and note disclosures normally included in the consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of and for the year ended December 31, 2023, included in the Company’s Annual Report on Form 10-K, filed with the SEC on February 16, 2024. The results for the interim periods are not necessarily indicative of results for the full year. Certain immaterial amounts in prior periods have been reclassified to conform with current period presentation. In the opinion of management, these unaudited condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for the fair statement of the unaudited condensed consolidated financial position, results of operations and cash flows for these interim periods.
Principles of Consolidation	Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries in accordance with consolidation accounting guidance. All intercompany transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. The Company regularly evaluates its estimates, including those related to bad debt reserves, fair value of investments, useful lives of long-lived assets and intangible assets, valuation of goodwill and intangible assets from acquisitions, contingent liabilities, insurance reserves, revenue recognition, valuation of common stock, stock-based compensation, and income and non-income taxes, among others. Actual results could differ materially from these estimates. As the impact of the uncertain macroeconomic conditions, including inflation and rising interest rates, continues to evolve, estimates and assumptions about future events and their effects cannot be determined with certainty and therefore require increased judgment. These estimates and assumptions may change in future periods and will be recognized in the unaudited condensed consolidated financial statements as new events occur and additional information becomes known. To the extent the Company’s actual results differ materially from those estimates and assumptions, the Company’s future unaudited condensed consolidated financial statements could be affected.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards Not Yet Adopted	Recently Adopted Accounting Standards In June 2022, the Financial Accounting Standards Board (the “FASB”) issued guidance related to the fair value measurement of an equity security subject to contractual sale restrictions that prohibit the sale of the equity security. The new guidance also introduced new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value. The Company adopted the guidance effective January 1, 2024. There was no impact to the Company’s unaudited condensed consolidated financial statements upon adoption. Recently Issued Accounting Standards Not Yet Adopted In December 2023, the FASB issued an update which expands income tax disclosure in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the U.S. and foreign jurisdictions. The update is effective for public companies in fiscal years beginning after December 15, 2024 on a prospective basis, with the option to apply the update retrospectively. Early adoption is permitted. The Company does not expect the adoption of the new guidance to have a material impact on its unaudited condensed consolidated financial statements other than the expanded footnote disclosure. In November 2023, the FASB issued an update to improve disclosure of reportable segments on an annual and interim basis, primarily through enhanced disclosures about significant segment expenses. The update is effective for public companies in fiscal years beginning after December 15, 2023, and for interim periods beginning after December 15, 2024, on a retrospective basis with early adoption permitted. The Company does not expect the adoption of the new guidance to have a material impact on its unaudited condensed consolidated financial statements other than the expanded footnote disclosure. There are other new accounting pronouncements issued by the FASB that the Company has adopted or will adopt, as applicable, and the Company does not believe any of these accounting pronouncements have had, or will have, a material impact on its unaudited condensed consolidated financial statements or disclosures.

Supplemental Financial Statem_2

Supplemental Financial Statement Information (Tables)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Cash and Cash Equivalents	The following table reconciles cash, cash equivalents, and restricted cash reported on the Company’s unaudited condensed consolidated balance sheets to the total amount presented in the unaudited condensed consolidated statements of cash flows (in millions): December 31, March 31, Cash and cash equivalents $ 6,874 $ 7,829 Cash and cash equivalents included in funds receivable and amounts held on behalf of customers 5,769 8,665 Restricted cash included in prepaids and other current assets 24 35 Total cash, cash equivalents, and restricted cash presented in the unaudited condensed consolidated statements of cash flows $ 12,667 $ 16,529
Schedule of Restricted Cash	The following table reconciles cash, cash equivalents, and restricted cash reported on the Company’s unaudited condensed consolidated balance sheets to the total amount presented in the unaudited condensed consolidated statements of cash flows (in millions): December 31, March 31, Cash and cash equivalents $ 6,874 $ 7,829 Cash and cash equivalents included in funds receivable and amounts held on behalf of customers 5,769 8,665 Restricted cash included in prepaids and other current assets 24 35 Total cash, cash equivalents, and restricted cash presented in the unaudited condensed consolidated statements of cash flows $ 12,667 $ 16,529
Schedule of Supplemental Balance Sheet Information	Supplemental balance sheet information consisted of the following (in millions): December 31, March 31, Other assets, noncurrent: Property and equipment, net $ 160 $ 171 Operating lease right-of-use assets 119 111 Other 184 190 Other assets, noncurrent $ 463 $ 472 Accrued expenses, accounts payable, and other current liabilities: Indirect taxes payable and withholding tax reserves $ 1,119 $ 1,455 Compensation and employee benefits 436 346 Accounts payable 141 184 Operating lease liabilities, current 61 61 Other 897 922 Accrued expenses, accounts payable, and other current liabilities $ 2,654 $ 2,968 Other liabilities, noncurrent: Operating lease liabilities, noncurrent $ 252 $ 237 Other liabilities, noncurrent 287 273 Other liabilities, noncurrent $ 539 $ 510
Schedule of Payments Made to Customers	The following table summarizes total payments made to customers (in millions): Three Months Ended 2023 2024 Reductions to revenue $ 77 $ 87 Charges to operations and support 22 20 Charges to sales and marketing expense 13 9 Total payments made to customers $ 112 $ 116
Schedule of Revenue Disaggregated by Listing Location	The following table presents revenue disaggregated by listing location (in millions): Three Months Ended 2023 2024 North America $ 925 $ 1,015 Europe, the Middle East, and Africa 458 567 Latin America 235 307 Asia Pacific 200 253 Total revenue disaggregated by geographic region $ 1,818 $ 2,142

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments by Major Security Type	The following tables summarize the Company’s investments by major security type (in millions): December 31, 2023 Amortized Gross Gross Total Short-term investments Debt securities: Certificates of deposit $ 172 $ — $ — $ 172 Government bonds 332 1 — 333 Commercial paper 366 — — 366 Corporate debt securities 1,490 4 (3) 1,491 Mortgage-backed and asset-backed securities 148 1 (4) 145 Total debt securities 2,508 6 (7) 2,507 Time deposits 690 — — 690 Total short-term investments $ 3,198 $ 6 $ (7) $ 3,197 Long-term investments (1) Debt securities: Corporate debt securities $ 13 $ — $ (9) $ 4 March 31, 2024 Amortized Gross Gross Total Short-term investments Debt securities: Certificates of deposit $ 13 $ — $ — $ 13 Government bonds 345 — — 345 Commercial paper 500 — — 500 Corporate debt securities 1,480 3 (4) 1,479 Mortgage-backed and asset-backed securities 191 — (4) 187 Total debt securities 2,529 3 (8) 2,524 Time deposits 740 — — 740 Total short-term investments $ 3,269 $ 3 $ (8) $ 3,264 Long-term investments (1) Debt securities: Corporate debt securities $ 13 $ — $ (9) $ 4 (1) Classified within other assets, noncurrent on the unaudited condensed consolidated balance sheets.
Schedule of Contractual Maturities of the Available-for-Sale Debt Securities	The following table summarizes the contractual maturities of the Company’s available-for-sale debt securities (in millions): March 31, 2024 Amortized Estimated Due within one year $ 1,489 $ 1,489 Due after one year through five years 957 947 Due after five years 96 92 Total $ 2,542 $ 2,528

Fair Value Measurements and F_2

Fair Value Measurements and Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis (in millions): December 31, 2023 Level 1 Level 2 Level 3 Total Assets Cash and cash equivalents: Money market funds $ 2,018 $ — $ — $ 2,018 Certificates of deposit — 1 — 1 Government bonds — 115 — 115 Commercial paper — 223 — 223 Corporate debt securities — 12 — 12 2,018 351 — 2,369 Short-term investments: Certificates of deposit — 172 — 172 Government bonds — 333 — 333 Commercial paper — 366 — 366 Corporate debt securities — 1,491 — 1,491 Mortgage-backed and asset-backed securities — 145 — 145 — 2,507 — 2,507 Funds receivable and amounts held on behalf of customers: Money market funds 1,360 — — 1,360 Prepaids and other current assets: Foreign exchange derivative assets — 27 — 27 Other assets, noncurrent: Corporate debt securities — — 4 4 Total assets at fair value $ 3,378 $ 2,885 $ 4 $ 6,267 Liabilities Accrued expenses, accounts payable, and other current liabilities: Foreign exchange derivative liabilities $ — $ 55 $ — $ 55 Other liabilities, noncurrent: Foreign exchange derivative liabilities — 5 — 5 Total liabilities at fair value $ — $ 60 $ — $ 60 March 31, 2024 Level 1 Level 2 Level 3 Total Assets Cash and cash equivalents: Money market funds $ 2,144 $ — $ — $ 2,144 Government bonds — 124 — 124 Commercial paper — 251 — 251 Corporate debt securities — 39 — 39 2,144 414 — 2,558 Short-term investments: Certificates of deposit — 13 — 13 Government bonds — 345 — 345 Commercial paper — 500 — 500 Corporate debt securities — 1,479 — 1,479 Mortgage-backed and asset-backed securities — 187 — 187 — 2,524 — 2,524 Funds receivable and amounts held on behalf of customers: Money market funds 2,277 — — 2,277 Prepaids and other current assets: Foreign exchange derivative assets — 35 — 35 Other assets, noncurrent: Corporate debt securities — — 4 4 Total assets at fair value $ 4,421 $ 2,973 $ 4 $ 7,398 Liabilities Accrued expenses, accounts payable and other current liabilities: Foreign exchange derivative liabilities $ — $ 15 $ — $ 15 Total liabilities at fair value $ — $ 15 $ — $ 15

Derivative Instruments and He_2

Derivative Instruments and Hedging (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments on the Company’s Condensed Consolidated Balance Sheets	The following table summarizes the effect of derivative instruments on the Company’s unaudited condensed consolidated balance sheets (in millions): Derivative Assets (1) Location December 31, March 31, Derivatives designated as hedging instruments: Foreign exchange contracts (current) Prepaids and other current assets $ 4 $ 21 Foreign exchange contracts (noncurrent) Other assets, noncurrent — 1 Total derivatives designated as hedging instruments $ 4 $ 22 Derivatives not designated as hedging instruments: Foreign exchange contracts (current) Prepaids and other current assets $ 23 $ 15 Derivative Liabilities (1) Location December 31, March 31, Derivatives designated as hedging instruments: Foreign exchange contracts (current) Accrued expenses, accounts payable, and other current liabilities $ 25 $ 4 Foreign exchange contracts (noncurrent) Other liabilities, noncurrent 5 — Total derivatives designated as hedging instruments $ 30 $ 4 Derivatives not designated as hedging instruments: Foreign exchange contracts (current) Accrued expenses, accounts payable, and other current liabilities $ 30 $ 11 (1) Derivative assets and derivatives liabilities are measured using Level 2 inputs.
Schedule of Derivative Instruments Designated as Cash Flow Hedges and the Impact of Derivative Contracts on AOCI	The following table summarizes the activity of derivative instruments designated as cash flow hedges and the impact of these derivative contracts on AOCI, net of tax (in millions): Gain (Loss) Recognized in Other Comprehensive Income Gain (Loss) Reclassified from Three Months Ended March 31, Three Months Ended March 31, 2023 2024 2023 2024 Derivatives designated as cash flow hedges: Foreign exchange contracts $ (4) $ 50 $ — $ 2
Schedule of Derivative Instruments Not Designated as Hedging Instruments and the Impact of Derivative Contracts on the Condensed Consolidated Statements of Operations	The following table presents the activity of derivative instruments not designated as hedging instruments and the impact of these derivative contracts on the unaudited condensed consolidated statements of operations (in millions): Realized Loss on Derivatives Unrealized Gain (Loss) on Derivatives Three Months Ended March 31, Three Months Ended March 31, 2023 2024 2023 2024 Derivatives not designated as hedging instruments: Foreign exchange contracts $ (20) $ (21) $ (1) $ 11

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation Expense	The following table summarizes total stock-based compensation expense (in millions): Three Months Ended 2023 2024 Operations and support $ 15 $ 19 Product development 149 185 Sales and marketing 28 35 General and administrative 48 56 Stock-based compensation expense $ 240 $ 295
Schedule of Stock Option Activity	A summary of stock option and restricted stock unit (“RSU”) activity under the Company’s equity incentive plans was as follows (in millions, except per share amounts): Outstanding Stock Options Outstanding RSUs Shares Number of Weighted- Number of Weighted- As of December 31, 2023 134 7 $ 71.76 30 $ 85.35 Granted (7) — — 7 166.17 Increase in shares available for grant 13 — — — — Options exercised/RSUs vested (1) 1 (1) 42.12 (2) 109.14 As of March 31, 2024 141 6 $ 80.12 35 $ 100.12 (1) RSUs vested are net of shares withheld for taxes. Number of Weighted- Weighted- Average Remaining Contractual Life (Years) Aggregate Options outstanding as of March 31, 2024 6 $ 80.12 5.87 $ 541 Options exercisable as of March 31, 2024 5 $ 66.85 5.12 $ 484
Schedule of Restricted Stock Unit Activity	A summary of stock option and restricted stock unit (“RSU”) activity under the Company’s equity incentive plans was as follows (in millions, except per share amounts): Outstanding Stock Options Outstanding RSUs Shares Number of Weighted- Number of Weighted- As of December 31, 2023 134 7 $ 71.76 30 $ 85.35 Granted (7) — — 7 166.17 Increase in shares available for grant 13 — — — — Options exercised/RSUs vested (1) 1 (1) 42.12 (2) 109.14 As of March 31, 2024 141 6 $ 80.12 35 $ 100.12 (1) RSUs vested are net of shares withheld for taxes. Number of Weighted- Weighted- Average Remaining Contractual Life (Years) Aggregate Options outstanding as of March 31, 2024 6 $ 80.12 5.87 $ 541 Options exercisable as of March 31, 2024 5 $ 66.85 5.12 $ 484

Net Income per Share (Tables)

Net Income per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Net Income Per Share Attributable to Common Stockholders	The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders for the periods indicated (in millions, except per share amounts): Three Months Ended 2023 2024 Net income $ 117 $ 264 Add: convertible notes interest expense, net of tax 1 1 Net income - diluted $ 118 $ 265 Weighted-average shares in computing net income per share attributable to Class A and Class B common stockholders: Basic 634 638 Effect of dilutive securities 36 16 Diluted 670 654 Net income per share attributable to Class A and Class B common stockholders: Basic $ 0.18 $ 0.41 Diluted $ 0.18 $ 0.41
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	Additionally, the following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive (in millions): Three Months Ended 2023 2024 Stock options 1 2 RSUs 8 4 Total 9 6

Supplemental Financial Statem_3

Supplemental Financial Statement Information - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 7,829	$ 6,874
Cash and cash equivalents included in funds receivable and amounts held on behalf of customers	8,665	5,769
Restricted cash included in prepaids and other current assets	35	24
Total cash, cash equivalents, and restricted cash presented in the unaudited condensed consolidated statements of cash flows	$ 16,529	$ 12,667	$ 15,872	$ 12,103

Supplemental Financial Statem_4

Supplemental Financial Statement Information - Schedule of Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Other assets, noncurrent:
Property and equipment, net	$ 171	$ 160
Operating lease right-of-use assets	111	119
Other	190	184
Other assets, noncurrent	472	463
Accrued expenses, accounts payable, and other current liabilities:
Indirect taxes payable and withholding tax reserves	1,455	1,119
Compensation and employee benefits	346	436
Accounts payable	184	141
Operating lease liabilities, current	61	61
Other	922	897
Accrued expenses, accounts payable, and other current liabilities	2,968	2,654
Other liabilities, noncurrent:
Operating lease liabilities, noncurrent	237	252
Other liabilities, noncurrent	273	287
Other liabilities, noncurrent	$ 510	$ 539

Supplemental Financial Statem_5

Supplemental Financial Statement Information - Schedule of Payments Made to Customers (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Total payments made to customers	$ 116	$ 112
Reductions to revenue
Disaggregation of Revenue [Line Items]
Total payments made to customers	87	77
Charges to operations and support
Disaggregation of Revenue [Line Items]
Total payments made to customers	20	22
Charges to sales and marketing expense
Disaggregation of Revenue [Line Items]
Total payments made to customers	$ 9	$ 13

Supplemental Financial Statem_6

Supplemental Financial Statement Information - Schedule of Revenue Disaggregated by Listing Location (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Total revenue disaggregated by geographic region	$ 2,142	$ 1,818
North America
Disaggregation of Revenue [Line Items]
Total revenue disaggregated by geographic region	1,015	925
Europe, the Middle East, and Africa
Disaggregation of Revenue [Line Items]
Total revenue disaggregated by geographic region	567	458
Latin America
Disaggregation of Revenue [Line Items]
Total revenue disaggregated by geographic region	307	235
Asia Pacific
Disaggregation of Revenue [Line Items]
Total revenue disaggregated by geographic region	$ 253	$ 200

Investments - Schedule of Inves

Investments - Schedule of Investments by Major Security Type (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Short-term investments
Debt securities, amortized cost	$ 2,542
Debt securities, total estimated fair value	2,528
Total short-term investments	3,264	$ 3,197
Long-term investments:
Debt securities, amortized cost	2,542
Debt securities, total estimated fair value	2,528
Short-term investments
Short-term investments
Debt securities, amortized cost	2,529	2,508
Debt securities, gross unrealized gains	3	6
Debt securities, gross unrealized losses	(8)	(7)
Debt securities, total estimated fair value	2,524	2,507
Time deposits	740	690
Amortized Cost	3,269	3,198
Total short-term investments	3,264	3,197
Long-term investments:
Debt securities, amortized cost	2,529	2,508
Debt securities, gross unrealized gains	3	6
Debt securities, gross unrealized losses	(8)	(7)
Debt securities, total estimated fair value	2,524	2,507
Short-term investments | Certificates of deposit
Short-term investments
Debt securities, amortized cost	13	172
Debt securities, gross unrealized gains	0	0
Debt securities, gross unrealized losses	0	0
Debt securities, total estimated fair value	13	172
Long-term investments:
Debt securities, amortized cost	13	172
Debt securities, gross unrealized gains	0	0
Debt securities, gross unrealized losses	0	0
Debt securities, total estimated fair value	13	172
Short-term investments | Government bonds
Short-term investments
Debt securities, amortized cost	345	332
Debt securities, gross unrealized gains	0	1
Debt securities, gross unrealized losses	0	0
Debt securities, total estimated fair value	345	333
Long-term investments:
Debt securities, amortized cost	345	332
Debt securities, gross unrealized gains	0	1
Debt securities, gross unrealized losses	0	0
Debt securities, total estimated fair value	345	333
Short-term investments | Commercial paper
Short-term investments
Debt securities, amortized cost	500	366
Debt securities, gross unrealized gains	0	0
Debt securities, gross unrealized losses	0	0
Debt securities, total estimated fair value	500	366
Long-term investments:
Debt securities, amortized cost	500	366
Debt securities, gross unrealized gains	0	0
Debt securities, gross unrealized losses	0	0
Debt securities, total estimated fair value	500	366
Short-term investments | Corporate debt securities
Short-term investments
Debt securities, amortized cost	1,480	1,490
Debt securities, gross unrealized gains	3	4
Debt securities, gross unrealized losses	(4)	(3)
Debt securities, total estimated fair value	1,479	1,491
Long-term investments:
Debt securities, amortized cost	1,480	1,490
Debt securities, gross unrealized gains	3	4
Debt securities, gross unrealized losses	(4)	(3)
Debt securities, total estimated fair value	1,479	1,491
Short-term investments | Mortgage-backed and asset-backed securities
Short-term investments
Debt securities, amortized cost	191	148
Debt securities, gross unrealized gains	0	1
Debt securities, gross unrealized losses	(4)	(4)
Debt securities, total estimated fair value	187	145
Long-term investments:
Debt securities, amortized cost	191	148
Debt securities, gross unrealized gains	0	1
Debt securities, gross unrealized losses	(4)	(4)
Debt securities, total estimated fair value	187	145
Long-term investments | Corporate debt securities
Short-term investments
Debt securities, amortized cost	13	13
Debt securities, gross unrealized gains	0	0
Debt securities, gross unrealized losses	(9)	(9)
Debt securities, total estimated fair value	4	4
Long-term investments:
Debt securities, amortized cost	13	13
Debt securities, gross unrealized gains	0	0
Debt securities, gross unrealized losses	(9)	(9)
Debt securities, total estimated fair value	$ 4	$ 4

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Available-for-sale debt securities	$ 0	$ 0
Debt securities in an unrealized loss position	1,100,000,000	777,000,000
Debt securities, unrealized loss	18,000,000	16,000,000
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	479,000,000	283,000,000
Debt securities, continuous unrealized loss position, 12 months or longer	$ 16,000,000	$ 14,000,000

Investments - Schedule of Contr

Investments - Schedule of Contractual Maturities of the Available-for-Sale Debt Securities (Details) $ in Millions	Mar. 31, 2024 USD ($)
Amortized Cost
Due within one year	$ 1,489
Due after one year through five years	957
Due after five years	96
Debt securities, amortized cost	2,542
Estimated Fair Value
Due within one year	1,489
Due after one year through five years	947
Due after five years	92
Total, Estimated Fair Value	$ 2,528

Fair Value Measurements and F_3

Fair Value Measurements and Financial Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Short-term investments	$ 2,528
Short-term investments	2,524	$ 2,507
Corporate debt securities | Other assets, noncurrent
Assets
Short-term investments	4	4
Fair Value, Recurring
Assets
Cash and cash equivalents	2,558	2,369
Short-term investments	2,524	2,507
Total assets at fair value	7,398	6,267
Liabilities
Total liabilities at fair value	15	60
Fair Value, Recurring | Foreign exchange derivative
Liabilities
Other liabilities, current	15	55
Other liabilities, noncurrent		5
Fair Value, Recurring | Prepaids and other current assets | Foreign exchange derivative
Assets
Other assets	35	27
Fair Value, Recurring | Certificates of deposit
Assets
Short-term investments	13	172
Fair Value, Recurring | Government bonds
Assets
Short-term investments	345	333
Fair Value, Recurring | Commercial paper
Assets
Short-term investments	500	366
Fair Value, Recurring | Corporate debt securities
Assets
Short-term investments	1,479	1,491
Fair Value, Recurring | Corporate debt securities | Other assets, noncurrent
Assets
Other assets	4	4
Fair Value, Recurring | Mortgage-backed and asset-backed securities
Assets
Short-term investments	187	145
Fair Value, Recurring | Money market funds
Assets
Cash and cash equivalents	2,144	2,018
Funds receivable and amounts held on behalf of customers	2,277	1,360
Fair Value, Recurring | Certificates of deposit
Assets
Cash and cash equivalents		1
Fair Value, Recurring | Government bonds
Assets
Cash and cash equivalents	124	115
Fair Value, Recurring | Commercial paper
Assets
Cash and cash equivalents	251	223
Fair Value, Recurring | Corporate debt securities
Assets
Cash and cash equivalents	39	12
Fair Value, Recurring | Level 1
Assets
Cash and cash equivalents	2,144	2,018
Short-term investments	0	0
Total assets at fair value	4,421	3,378
Liabilities
Total liabilities at fair value	0	0
Fair Value, Recurring | Level 1 | Foreign exchange derivative
Liabilities
Other liabilities, current	0	0
Other liabilities, noncurrent		0
Fair Value, Recurring | Level 1 | Prepaids and other current assets | Foreign exchange derivative
Assets
Other assets	0	0
Fair Value, Recurring | Level 1 | Certificates of deposit
Assets
Short-term investments	0	0
Fair Value, Recurring | Level 1 | Government bonds
Assets
Short-term investments	0	0
Fair Value, Recurring | Level 1 | Commercial paper
Assets
Short-term investments	0	0
Fair Value, Recurring | Level 1 | Corporate debt securities
Assets
Short-term investments	0	0
Fair Value, Recurring | Level 1 | Corporate debt securities | Other assets, noncurrent
Assets
Other assets	0	0
Fair Value, Recurring | Level 1 | Mortgage-backed and asset-backed securities
Assets
Short-term investments	0	0
Fair Value, Recurring | Level 1 | Money market funds
Assets
Cash and cash equivalents	2,144	2,018
Funds receivable and amounts held on behalf of customers	2,277	1,360
Fair Value, Recurring | Level 1 | Certificates of deposit
Assets
Cash and cash equivalents		0
Fair Value, Recurring | Level 1 | Government bonds
Assets
Cash and cash equivalents	0	0
Fair Value, Recurring | Level 1 | Commercial paper
Assets
Cash and cash equivalents	0	0
Fair Value, Recurring | Level 1 | Corporate debt securities
Assets
Cash and cash equivalents	0	0
Fair Value, Recurring | Level 2
Assets
Cash and cash equivalents	414	351
Short-term investments	2,524	2,507
Total assets at fair value	2,973	2,885
Liabilities
Total liabilities at fair value	15	60
Fair Value, Recurring | Level 2 | Foreign exchange derivative
Liabilities
Other liabilities, current	15	55
Other liabilities, noncurrent		5
Fair Value, Recurring | Level 2 | Prepaids and other current assets | Foreign exchange derivative
Assets
Other assets	35	27
Fair Value, Recurring | Level 2 | Certificates of deposit
Assets
Short-term investments	13	172
Fair Value, Recurring | Level 2 | Government bonds
Assets
Short-term investments	345	333
Fair Value, Recurring | Level 2 | Commercial paper
Assets
Short-term investments	500	366
Fair Value, Recurring | Level 2 | Corporate debt securities
Assets
Short-term investments	1,479	1,491
Fair Value, Recurring | Level 2 | Corporate debt securities | Other assets, noncurrent
Assets
Other assets	0	0
Fair Value, Recurring | Level 2 | Mortgage-backed and asset-backed securities
Assets
Short-term investments	187	145
Fair Value, Recurring | Level 2 | Money market funds
Assets
Cash and cash equivalents	0	0
Funds receivable and amounts held on behalf of customers	0	0
Fair Value, Recurring | Level 2 | Certificates of deposit
Assets
Cash and cash equivalents		1
Fair Value, Recurring | Level 2 | Government bonds
Assets
Cash and cash equivalents	124	115
Fair Value, Recurring | Level 2 | Commercial paper
Assets
Cash and cash equivalents	251	223
Fair Value, Recurring | Level 2 | Corporate debt securities
Assets
Cash and cash equivalents	39	12
Fair Value, Recurring | Level 3
Assets
Cash and cash equivalents	0	0
Short-term investments	0	0
Total assets at fair value	4	4
Liabilities
Total liabilities at fair value	0	0
Fair Value, Recurring | Level 3 | Foreign exchange derivative
Liabilities
Other liabilities, current	0	0
Other liabilities, noncurrent		0
Fair Value, Recurring | Level 3 | Prepaids and other current assets | Foreign exchange derivative
Assets
Other assets	0	0
Fair Value, Recurring | Level 3 | Certificates of deposit
Assets
Short-term investments	0	0
Fair Value, Recurring | Level 3 | Government bonds
Assets
Short-term investments	0	0
Fair Value, Recurring | Level 3 | Commercial paper
Assets
Short-term investments	0	0
Fair Value, Recurring | Level 3 | Corporate debt securities
Assets
Short-term investments	0	0
Fair Value, Recurring | Level 3 | Corporate debt securities | Other assets, noncurrent
Assets
Other assets	4	4
Fair Value, Recurring | Level 3 | Mortgage-backed and asset-backed securities
Assets
Short-term investments	0	0
Fair Value, Recurring | Level 3 | Money market funds
Assets
Cash and cash equivalents	0	0
Funds receivable and amounts held on behalf of customers	0	0
Fair Value, Recurring | Level 3 | Certificates of deposit
Assets
Cash and cash equivalents		0
Fair Value, Recurring | Level 3 | Government bonds
Assets
Cash and cash equivalents	0	0
Fair Value, Recurring | Level 3 | Commercial paper
Assets
Cash and cash equivalents	0	0
Fair Value, Recurring | Level 3 | Corporate debt securities
Assets
Cash and cash equivalents	$ 0	$ 0

Derivative Instruments and He_3

Derivative Instruments and Hedging - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Maximum remaining maturity of foreign currency derivatives	18 months
Potential effects of rights of set-off associated with derivative asset contracts	$ 15
Potential effects of rights of set-off associated with derivative liabilities contracts	15
Derivative asset, fair value after offset	22
Deferred net gains	16
Foreign exchange derivative | Cash Flow Hedging
Derivative [Line Items]
Total notional amount of outstanding derivatives	2,200	$ 2,000
Derivatives designated as hedging instruments
Derivative [Line Items]
Cumulative unrealized gains	17
Derivatives not designated as hedging instruments | Foreign exchange derivative
Derivative [Line Items]
Total notional amount of outstanding derivatives	$ 3,100	$ 2,400

Derivative Instruments and He_4

Derivative Instruments and Hedging - Schedule of Derivative Instruments on the Company’s Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative assets	$ 22	$ 4
Derivative liabilities	4	30
Prepaids and other current assets | Foreign exchange contracts | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative assets	21	4
Prepaids and other current assets | Foreign exchange contracts | Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative assets	15	23
Other assets, noncurrent | Foreign exchange contracts | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative assets	1	0
Accrued expenses, accounts payable, and other current liabilities | Foreign exchange contracts | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative liabilities	4	25
Accrued expenses, accounts payable, and other current liabilities | Foreign exchange contracts | Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative liabilities	11	30
Other liabilities, noncurrent | Foreign exchange contracts | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 0	$ 5

Derivative Instruments and He_5

Derivative Instruments and Hedging - Schedule of Derivative Instruments Designated as Cash Flow Hedges and the Impact of Derivative Contracts on AOCI (Details) - Foreign exchange contracts - Derivatives designated as cash flow hedges - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income	$ 50	$ (4)
Gain (Loss) Reclassified from AOCI into Revenues	$ 2	$ 0

Derivative Instruments and He_6

Derivative Instruments and Hedging - Schedule of Derivative Instruments Not Designated as Hedging Instruments and the Impact of Derivative Contracts on the Condensed Consolidated Statements of Operations (Details) - Foreign exchange contracts - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Realized Loss on Derivatives	$ (21)	$ (20)
Unrealized Gain (Loss) on Derivatives	$ 11	$ (1)

Debt (Details)

Debt (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 31, 2024	Dec. 31, 2023	Mar. 08, 2021
Debt Instrument [Line Items]
Long-term debt		$ 1,992,000,000	$ 1,991,000,000
Senior Notes Due 2026 | Convertible Debt
Debt Instrument [Line Items]
Aggregate principle amount				$ 2,000,000,000
Interest rate				0%
Long-term debt		2,000,000,000	$ 2,000,000,000
Debt, fair value		1,900,000,000
2022 Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, term	5 years
Initial borrowing capacity	$ 1,000,000,000
Borrowings outstanding, amount drawn		0
2022 Credit Facility | Line of Credit | Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 200,000,000
Borrowings outstanding		$ 25,000,000

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 295	$ 240
Operations and support
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	19	15
Product development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	185	149
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	35	28
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 56	$ 48

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Stock Option and Restricted Stock Unit Activity (Details) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Shares Available for Grant
Balances at beginning of period (in shares)	134
Granted (in shares)	(7)
Increase in shares available for grant (in shares)	13
Options exercised/RSUs vested (in shares)	1
Balances at end of period (in shares)	141
Number of Shares
Balances at beginning of period (in shares)	7
Granted (in shares)	0
Increase in shares available for grant (in shares)	0
Options exercised/RSUs vested (in shares)	(1)
Balances at end of period (in shares)	6
Weighted- Average Exercise Price
Balances at beginning of period (in USD per share) | $ / shares	$ 71.76
Granted (in USD per share) | $ / shares	0
Increase in shares available for grant (in USD per share) | $ / shares	0
Options exercised/RSUs vested (in USD per share) | $ / shares	42.12
Balances at end of period (in USD per share) | $ / shares	$ 80.12
Number of Shares
Balances at beginning of period (in shares)	30
Granted (in shares)	7
Increase in shares available for grant (in shares)	0
Options exercised/RSUs vested (in shares)	(2)
Balances at end of period (in shares)	35
Weighted- Average Grant Date Fair Value
Balances at beginning of period (in USD per share) | $ / shares	$ 85.35
Granted (in USD per share) | $ / shares	166.17
Increase in shares available for grant (in USD per share) | $ / shares	0
Options exercised/RSUs vested (in USD per share) | $ / shares	109.14
Balances at end of period (in USD per share) | $ / shares	$ 100.12
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options outstanding (in shares)	6
Options outstanding (in USD per share) | $ / shares	$ 80.12
Options outstanding, weighted-average remaining contractual life (in years)	5 years 10 months 13 days
Options outstanding, aggregate intrinsic value | $	$ 541
Options exercisable (in shares)	5
Options excisable (in USD per share) | $ / shares	$ 66.85
Options exercisable, weighted-average remaining contractual life (in years)	5 years 1 month 13 days
Options exercisable, aggregate intrinsic value | $	$ 484

Commitments and Contingencies (

Commitments and Contingencies (Details) jurisdiction in Thousands, € in Millions, $ in Millions			1 Months Ended	3 Months Ended
	Dec. 13, 2023 USD ($)	Dec. 13, 2023 EUR (€)	May 31, 2023 EUR (€)	Mar. 31, 2024 USD ($) jurisdiction	Dec. 31, 2023 USD ($)
Other Commitments [Line Items]
Number of jurisdictions where company has lodging tax obligations | jurisdiction				33
Obligation to remit lodging taxes				$ 508	$ 274
Accrued obligations on lodging taxes				124	114
Host guarantee program, maximum				3
Primary coverage, host protection insurance program				1
Host protection insurance program, maximum per listing location				1
Foreign Tax Authority
Other Commitments [Line Items]
Estimate of possible loss | €			€ 779
Penalties expense	$ 621	€ 576
Hosts' Withholding Tax Obligations
Other Commitments [Line Items]
Tax liabilities				428	521
Employee Benefits And Employment Taxes
Other Commitments [Line Items]
Tax liabilities				$ 45	$ 43
Minimum
Other Commitments [Line Items]
Remitting period for lodging taxes				30 days
Estimates reasonably possible loss				$ 38
Loss contingency, estimate of possible loss				320
Minimum | Withholding Income Taxes
Other Commitments [Line Items]
Estimate of possible loss				$ 95
Maximum
Other Commitments [Line Items]
Remitting period for lodging taxes				90 days
Estimates reasonably possible loss				$ 48
Loss contingency, estimate of possible loss				340
Maximum | Withholding Income Taxes
Other Commitments [Line Items]
Estimate of possible loss				$ 115

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		12 Months Ended
	Dec. 31, 2020	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2019
Income Tax Examination [Line Items]
Provision for income taxes		$ 29	$ 13
Tax adjustments, settlements, and unusual provisions				$ 196
Internal Revenue Service (IRS)
Income Tax Examination [Line Items]
Income tax examination, additional income tax expense and cash liability	$ 1,300
Income tax examination, amount of estimate of possible loss which exceeds reserves	$ 1,000

Net Income per Share - Schedule

Net Income per Share - Schedule of Computation of Basic and Diluted Net Income Per Share Attributable to Common Stockholders (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net income	$ 264	$ 117
Add: convertible notes interest expense, net of tax	1	1
Net income - diluted	$ 265	$ 118
Weighted-average shares in computing net income per share attributable to Class A and Class B common stockholders:
Basic (in shares)	638	634
Effect of dilutive securities (in shares)	16	36
Diluted (in shares)	654	670
Net income per share attributable to Class A and Class B common stockholders:
Basic (in USD per share)	$ 0.41	$ 0.18
Diluted (in USD per share)	$ 0.41	$ 0.18
Net income	$ 264	$ 117

Net Income per Share - Narrativ

Net Income per Share - Narrative (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Feb. 29, 2024	May 31, 2023
Class of Stock [Line Items]
Stock repurchased and retired	$ 753	$ 493
Share Repurchase Program 2023
Class of Stock [Line Items]
Stock repurchase program, authorized amount				$ 2,500
Share Repurchase Program 2024
Class of Stock [Line Items]
Stock repurchase program, authorized amount			$ 6,000
Common Class A
Class of Stock [Line Items]
Stock repurchased and retired (in shares)	4.7
Stock repurchased and retired	$ 750
Common Class A | Share Repurchase Program 2024
Class of Stock [Line Items]
Remaining authorized repurchase amount	$ 6,000
RSUs | Common Class A
Class of Stock [Line Items]
Shares subject to performance conditions (in shares)	9.6	9.6

Net Income per Share - Schedu_2

Net Income per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	6	9
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	2	1
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	4	8