Payment Technology

credit / rates affecting interest expense

“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 years indicated (in millions, except per share amounts): Year Ended December 31, 2023 2024 2025 Net income $ 4,792 $ 2,648 $ 2,511 Add: convertible notes interest expense, net of tax 3 4 3 Net income - diluted $ 4,795 $ 2,652 $ 2,514 Weighted-average shares in computing net income per share attributable to Class A and Class B common stockholders: Basic 637 632 613 Effect of dilutive securities 25 13 10 Diluted 662 645 623 Net income per share attributable to Class A and Class B common stockholders: Basic $ 7.52 $ 4.19 $ 4.10 Diluted $ 7.24 $ 4.11 $ 4.03 The rights, including the liquidation and dividend rights, of the holders of Class A and Class B common stock are identical, except with respect to voting and conversion.”

ABNB 10-K

restructuring affecting expense

“41 Table of Contents (in millions, except percentages) 2024 2025 % Change Other expense, net $ (40) $ (112) 180 % The change in other expense, net of $72 million in 2025, was primarily due to net foreign exchange losses of $64 million, partially offset by lower impairment charges on investments in privately-held companies compared to the prior year.”

ABNB 10-K

credit / rates

“Interest on borrowings is based on ratings and leverage ratios with amounts that range from (i) in the case of the Secured Overnight Financing Rate (“SOFR”) borrowings, 1.0 % to 1.5 %, plus SOFR, subject to a floor of 0.0 %, or (ii) in the case of base rate borrowings, 0.0 % to 0.5 %; plus the greatest of (a) the rate of interest in effect for such day by Morgan Stanley Senior Funding, Inc. as its “prime rate”; (b) the federal funds effective rate plus 0.5 %; and (c) SOFR for a one-month period plus 1.0 %.”

ABNB 10-K