Airbnb management check
ABNB · Consumer Discretionary · Hotels, Resorts & Cruise Lines · CEO Brian Chesky
Filings as of
4 good · 0 to watch · 2 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $92, against $258 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.91 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.01% of net income$242k of reported pay in fiscal 2025, against $2.5bn of net income.
- n/a
Do they own the stock?
No recent CEO filingLight activity: no buys, $931.2m sold in six months. 208 of 208 sales ran on pre-arranged 10b5-1 plans.
- Flag
Are owners being diluted?
Share count shrinkingDiluted shares changed -3.0% a year over the last three fiscal years. Stock-based pay was 13.0% of revenue in the latest year.
- Good
Is leadership stable?
2 leadership filings in 3 yearsCEO in the pay table: Brian Chesky. 2 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2023.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Discretionary.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 0 | 70 | |
| Pay for performance | 95 | 79 | |
| CEO cost | 100 | 44 | |
| Skin in the game | — | — | 36 |
| Dilution | 20 | 74 | |
| Stable leadership | 100 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Hotels, Resorts & Cruise Lines, by management score. Airbnb is 26th of 47 in its sector.
Pay versus performance
From the proxy statement filed April 24, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Brian Chesky | $242k | −$89.2m | $10.3m | $92 | $258 | $2.5bn |
| 2024 | — | $186k | $5.3m | $14.9m | $90 | $208 | $2.6bn |
| 2023 | — | $295k | $303.5m | $9.7m | $93 | $152 | $4.8bn |
| 2022 | — | $311k | −$585.3m | $9.5m | $58 | $97 | $1.9bn |
| 2021 | — | $132k | $301.4m | $9.4m | $113 | $135 | −$352.0m |
The board says pay is tied most to Stock Price Measure.
Insiders and the CEO's stake
Brian Chesky (CEO and Chairman) held 10,425,185 shares directly after their latest Form 4 on Aug 28, 2026.
Light activity: no buys, $931.2m sold in six months. 208 of 208 sales ran on pre-arranged 10b5-1 plans.
- SoldJoseph GebbiaDirector · 10b5-1 plan$526.7mJul 28, 2026
- SoldNathan BlecharczykChief Strategy Officer · 10b5-1 plan$219.9mOct 12, 2026
- SoldBrian CheskyCEO and Chairman · 10b5-1 plan$177.9mAug 7, 2026
- SoldElinor MertzChief Financial Officer · 10b5-1 plan$2.7mAug 3, 2026
Leadership and governance on file
- Nov 21, 2025Leadership change8-K 5.02
- Dec 8, 2023Leadership change8-K 5.02
- Sep 11, 2023Leadership change8-K 5.02
Latest shareholder vote results: Jun 11, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $11.0bn returned to owners in buybacks and dividends, 95% of net income, and $5.9bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.0bn | $8.4bn | $9.9bn | $11.1bn | $12.2bn |
| Net income | −$352.0m | $1.9bn | $4.8bn | $2.6bn | $2.5bn |
| Stock-based pay | $899.0m | $930.0m | $1.1bn | $1.4bn | $1.6bn |
| Buybacks | $0 | $1.5bn | $2.3bn | $3.4bn | $3.8bn |
| Dividends | — | — | — | — | — |
| Diluted shares | 616m | 680m | 662m | 645m | 623m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.