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Global Business Travel Group, Inc.(GBTG)Earnings, Financials & Key Ratios
GBTG•NYSE
44.6× P/E·Price updated Jun 19, 2026
AboutGlobal Business Travel Group, Inc. provides business-to-business (B2B) travel platform. The company's platform offers a suite of technology-enabled solutions to business travelers and corporate clients, travel content suppliers, and third-party travel agencies. Its platform manages travel, expenses, and meetings and events for companies. The company has built marketplace in B2B travel to deliver unrivalled choice, value, and experiences. Global Business Travel Group, Inc. is based in New York, New York.Show more
- Revenue$2.72B+12.2%
- EBITDA$374M+27.6%
- Net Income$109M+179.0%
- EPS (Diluted)0.21+170.0%
- Gross Margin60.08%
- EBITDA Margin13.76%+13.8%
- Operating Margin6.7%+41.1%
- Net Margin4.01%+170.4%
- ROE8.02%+165.9%
GBTG Key Insights
Global Business Travel Group, Inc. (GBTG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 90 (top 10%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 27.9%
- ✓Trading near 52-week high
✗Weaknesses
- ✗Shares diluted 13.2% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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GBTG Price & Volume
Global Business Travel Group, Inc. (GBTG) stock price & volume — 10-year historical chart
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GBTG Growth Metrics
Global Business Travel Group, Inc. (GBTG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years27.94%
3 Years13.66%
TTM20.67%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM295.45%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM258.38%
Return on Capital
10 Years-5.85%
5 Years-3.38%
3 Years3.15%
Last Year5.71%
GBTG Recent Earnings
Global Business Travel Group, Inc. (GBTG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 4, 2026Metric
Actual
Est
EPS
$0.05+0.0%
$0.05
Rev
$840M+3.1%
$815M
Q2 2026
Mar 9, 2026Metric
Actual
Est
EPS
$0.06+200.0%
$0.02
Rev
$792M+0.3%
$790M
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.07-158.2%
$0.12
Rev
$674M+9.6%
$615M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.03+50.0%
$0.02
Rev
$631M+5.2%
$600M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $0.05vs $0.05+0.0% | $840Mvs $815M+3.1% |
| Q2 2026 | Mar 9, 2026 | $0.06vs $0.02+200.0% | $792Mvs $790M+0.3% |
| Q4 2025 | Nov 10, 2025 | $0.07vs $0.12-158.2% | $674Mvs $615M+9.6% |
| Q3 2025 | Aug 5, 2025 | $0.03vs $0.02+50.0% | $631Mvs $600M+5.2% |
Based on last 12 quarters of dataView full earnings history →
GBTG Peer Comparison
Global Business Travel Group, Inc. (GBTG) competitors in Vertical industry SaaS applications — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SABR | 743.19M | 1.88 | 1.40 | -8.54% | 17.58% | |||
 TRVG | 328.01M | 4.65 | 26.93 | 19.11% | 2.02% | 5.63% | 0.17 | |
 MMYT | 4.43B | 46.72 | 99.40 | 6.71% | 4.96% | 9.01% | ||
 TRIP | 1.51B | 12.97 | 41.82 | 3.05% | 0.99% | 2.86% | 1.92 | |
 TNL | 4.79B | 76.71 | 22.30 | 4.06% | 5.85% | |||
 EXPE | 28.19B | 240.90 | 24.56 | 7.61% | 10.26% | 68.68% | 2.62 | |
 BKNG | 133.11B | 171.78 | 25.95 | 13.39% | 22.23% | |||
 ABNB | 84.52B | 142.41 | 35.34 | 10.26% | 19.9% | 31.24% | 0.25 |
Compare GBTG vs Peers
Global Business Travel Group, Inc. (GBTG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GBTG Income Statement
Global Business Travel Group, Inc. (GBTG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 2.12B | 793M | 763M | 1.85B | 2.29B | 2.42B | 2.72B | 2.94B |
Revenue Growth % | - | -62.58% | -3.78% | 142.59% | 23.72% | 5.81% | 12.17% | 20.67% |
Cost of Goods Sold | 880M | 529M | 477M | 832M | 958M | 967M | 1.08B | 1.26B |
COGS % of Revenue | 41.53% | 66.71% | 62.52% | 44.95% | 41.83% | 39.91% | 39.92% | - |
Gross Profit | 1.24B▲ 0% | 264M▼ 78.7% | 286M▲ 8.3% | 1.02B▲ 256.3% | 1.33B▲ 30.7% | 1.46B▲ 9.3% | 1.63B▲ 12.2% | 1.67B▲ 0% |
Gross Margin % | 58.47% | 33.29% | 37.48% | 55.05% | 58.17% | 60.09% | 60.08% | 56.96% |
Gross Profit Growth % | - | -78.69% | 8.33% | 256.29% | 30.72% | 9.31% | 12.16% | - |
Operating Expenses | 1.03B | 805M | 846M | 1.22B | 1.34B | 1.34B | 1.45B | 1.54B |
OpEx % of Revenue | 48.75% | 101.51% | 110.88% | 65.75% | 58.52% | 55.34% | 53.38% | - |
Selling, General & Admin | 541M | 380M | 414M | 650M | 699M | 708M | 732M | 785M |
SG&A % of Revenue | 25.53% | 47.92% | 54.26% | 35.12% | 30.52% | 29.22% | 26.93% | - |
Research & Development | 339M | 277M | 264M | 388M | 405M | 442M | 527M | 566M |
R&D % of Revenue | 16% | 34.93% | 34.6% | 20.96% | 17.69% | 18.24% | 19.39% | - |
Other Operating Expenses | 153M | 148M | 168M | 179M | 236M | 191M | 192M | 3M |
Operating Income | 206M▲ 0% | -747M▼ 462.6% | -560M▲ 25.0% | -198M▲ 64.6% | -8M▲ 96.0% | 115M▲ 1537.5% | 182M▲ 58.3% | 129M▲ 0% |
Operating Margin % | 9.72% | -94.2% | -73.39% | -10.7% | -0.35% | 4.75% | 6.7% | 4.39% |
Operating Income Growth % | - | -462.62% | 25.03% | 64.64% | 95.96% | 1537.5% | 58.26% | - |
EBITDA | 347M | -599M | -406M | -16M | 186M | 293M | 374M | 341M |
EBITDA Margin % | 16.38% | -75.54% | -53.21% | -0.86% | 8.12% | 12.09% | 13.76% | 11.61% |
EBITDA Growth % | - | -272.62% | 32.22% | 96.06% | 1262.5% | 57.53% | 27.65% | 4.92% |
D&A (Non-Cash Add-back) | 141M | 148M | 154M | 182M | 194M | 178M | 192M | 212M |
EBIT | 208M | -732M | -600M | -189M | -4M | 44M | 242M | 171M |
Net Interest Income | -10M | -26M | -52M | -98M | -140M | -109M | -87M | -91M |
Interest Income | 5M | 1M | 1M | 0 | 1M | 6M | 8M | 7M |
Interest Expense | 15M | 27M | 53M | 98M | 141M | 115M | 95M | 98M |
Other Income/Expense | -8M | -17M | -101M | -92M | -137M | -183M | -31M | -62M |
Pretax Income | 198M▲ 0% | -759M▼ 483.3% | -661M▲ 12.9% | -290M▲ 56.1% | -145M▲ 50.0% | -68M▲ 53.1% | 151M▲ 322.1% | 67M▲ 0% |
Pretax Margin % | 9.34% | -95.71% | -86.63% | -15.67% | -6.33% | -2.81% | 5.56% | 2.28% |
Income Tax | 60M | -145M | -186M | -61M | -9M | 66M | 40M | -23M |
Effective Tax Rate % | 30.3% | 19.1% | 28.14% | 21.03% | 6.21% | -97.06% | 26.49% | -34.33% |
Net Income | 134M▲ 0% | -614M▼ 558.2% | 0▲ 100.0% | -25M▲ 0% | -63M▼ 152.0% | -138M▼ 119.0% | 109M▲ 179.0% | 86M▲ 0% |
Net Margin % | 6.32% | -77.43% | - | -1.35% | -2.75% | -5.7% | 4.01% | 2.93% |
Net Income Growth % | - | -558.21% | 100% | - | -152% | -119.05% | 178.99% | 295.45% |
Net Income (Continuing) | 138M | -619M | -475M | -229M | -136M | -134M | 111M | 90M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 4M | 3M | 1M | 1.22B | 4M | 6M | 53M | 50M |
EPS (Diluted) | 1.04▲ 0% | -6.01▼ 677.9% | -6.89▼ 14.6% | -0.51▲ 92.6% | -0.14▲ 72.5% | -0.30▼ 114.3% | 0.21▲ 170.0% | 0.17▲ 0% |
EPS Growth % | - | -677.88% | -14.64% | 92.6% | 72.55% | -114.29% | 170% | 258.38% |
EPS (Basic) | 1.04 | -6.01 | -6.89 | -4.41 | -0.14 | -0.30 | 0.21 | - |
Diluted Shares Outstanding | 128.75M | 419.15M | 419.15M | 419.15M | 458.06M | 462.69M | 523.59M | 519.4M |
Basic Shares Outstanding | 128.75M | 419.15M | 419.15M | 419.15M | 464.24M | 462.69M | 523.59M | 512.8M |
Dividend Payout Ratio | 43.28% | - | - | - | - | - | - | - |
GBTG Balance Sheet
Global Business Travel Group, Inc. (GBTG) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Total Current Assets | 1.28B | 869M | 1.03B | 1.23B | 1.36B | 1.28B | 1.57B | 1.76B |
Cash & Short-Term Investments | 496M | 584M | 516M | 303M | 476M | 536M | 434M | 442M |
Cash Only | 496M | 584M | 516M | 303M | 476M | 536M | 434M | 442M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 665M | 144M | 442M | 838M | 790M | 635M | 1.01B | 1.06B |
Days Sales Outstanding | 114.55 | 66.28 | 211.44 | 165.25 | 125.92 | 95.66 | 136.17 | 124.93 |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - | - | - | - |
Other Current Assets | 71M | 86M | 31M | 41M | 45M | 51M | 33M | 254M |
Total Non-Current Assets | 1.81B | 1.89B | 2.98B | 2.95B | 2.39B | 2.34B | 3.35B | 3.32B |
Property, Plant & Equipment | 225M | 249M | 275M | 276M | 282M | 291M | 374M | 364M |
Fixed Asset Turnover | 9.42x | 3.18x | 2.77x | 6.71x | 8.12x | 8.33x | 7.27x | 8.37x |
Goodwill | 1.02B | 1.03B | 1.36B | 1.19B | 1.21B | 1.2B | 1.67B | 1.66B |
Intangible Assets | 408M | 348M | 746M | 636M | 552M | 480M | 851M | 821M |
Long-Term Investments | 30M | 23M | 26M | 37M | 14M | 14M | 43M | 157M |
Other Non-Current Assets | 124M | 241M | 53M | 24M | 50M | 89M | 110M | 100M |
Total Assets | 3.09B▲ 0% | 2.76B▼ 10.9% | 4.01B▲ 45.4% | 4.18B▲ 4.3% | 3.75B▼ 10.3% | 3.62B▼ 3.4% | 4.92B▲ 35.7% | 5.08B▲ 0% |
Asset Turnover | 0.68x | 0.29x | 0.19x | 0.44x | 0.61x | 0.67x | 0.55x | 0.63x |
Asset Growth % | - | -10.86% | 45.43% | 4.26% | -10.31% | -3.39% | 35.65% | 99.06% |
Total Current Liabilities | 708M | 570M | 721M | 773M | 831M | 780M | 1.38B | 1.49B |
Accounts Payable | 278M | 96M | 137M | 253M | 302M | 263M | 515M | 603M |
Days Payables Outstanding | 115.31 | 66.24 | 104.83 | 110.99 | 115.06 | 99.27 | 173.25 | 146.33 |
Short-Term Debt | 3M | 7M | 24M | 22M | 24M | 34M | 58M | 87M |
Deferred Revenue (Current) | 0 | 0 | 18M | 19M | 0 | 0 | 167M | 447M |
Other Current Liabilities | 122M | 158M | 337M | 279M | 304M | 309M | 82M | 804M |
Current Ratio | 1.81x | 1.52x | 1.43x | 1.60x | 1.64x | 1.64x | 1.14x | 1.18x |
Quick Ratio | 1.81x | 1.52x | 1.43x | 1.60x | 1.64x | 1.64x | 1.14x | 1.18x |
Cash Conversion Cycle | - | - | - | - | - | - | - | -21.4 |
Total Non-Current Liabilities | 704M | 1.2B | 1.8B | 2.04B | 1.71B | 1.79B | 1.87B | 1.92B |
Long-Term Debt | 234M | 617M | 1.02B | 1.22B | 1.35B | 1.36B | 1.36B | 1.46B |
Capital Lease Obligations | 0 | 58M | 61M | 61M | 55M | 63M | 62M | 248M |
Deferred Tax Liabilities | 0 | 0 | 359M | 478M | 5M | 36M | 99M | 304M |
Other Non-Current Liabilities | 470M | 529M | 356M | 280M | 293M | 323M | 353M | 296M |
Total Liabilities | 1.41B | 1.77B | 2.52B | 2.81B | 2.54B | 2.57B | 3.25B | 3.42B |
Total Debt | 237M | 702M | 1.1B | 1.3B | 1.45B | 1.46B | 1.51B | 1.61B |
Net Debt | -259M | 118M | 589M | 999M | 975M | 926M | 1.07B | 1.16B |
Debt / Equity | 0.14x | 0.71x | 0.74x | 0.95x | 1.20x | 1.38x | 0.91x | 0.97x |
Debt / EBITDA | 0.68x | - | - | - | 7.80x | 4.99x | 4.03x | 4.71x |
Net Debt / EBITDA | -0.75x | - | - | - | 5.24x | 3.16x | 2.87x | 3.41x |
Interest Coverage | 13.87x | -27.11x | -11.32x | -1.93x | -0.03x | 0.38x | 2.55x | 1.74x |
Total Equity | 1.68B▲ 0% | 984M▼ 41.5% | 1.49B▲ 51.8% | 1.37B▼ 8.2% | 1.21B▼ 11.6% | 1.06B▼ 12.8% | 1.66B▲ 57.1% | 1.66B▲ 0% |
Equity Growth % | - | -41.5% | 51.83% | -8.23% | -11.6% | -12.79% | 57.14% | 142.14% |
Book Value per Share | 13.06 | 2.35 | 3.56 | 3.27 | 2.65 | 2.28 | 3.17 | 3.19 |
Total Shareholders' Equity | 1.68B | 981M | 1.49B | 152M | 1.21B | 1.05B | 1.61B | 1.61B |
Common Stock | 1.08K | 0 | 816.81M | 0 | 0 | 0 | 0 | 0 |
Retained Earnings | 26M | -592M | -1.06B | -175M | -1.44B | -1.57B | -1.47B | -1.41B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | -55M | -128M | -166M |
Accumulated OCI | -98M | -179M | -162M | -7M | -103M | -146M | -75M | -84M |
Minority Interest | 4M | 3M | 1M | 1.22B | 4M | 6M | 53M | 50M |
GBTG Cash Flow Statement
Global Business Travel Group, Inc. (GBTG) cash flow — operating, investing & free cash flow history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Cash from Operations | 227M | -250M | -512M | -394M | 162M | 272M | 233M | 165M |
Operating CF Margin % | 10.71% | -31.53% | -67.1% | -21.29% | 7.07% | 11.23% | 8.57% | - |
Operating CF Growth % | - | -210.13% | -104.8% | 23.05% | 141.12% | 67.9% | -14.34% | -186.69% |
Net Income | 138M | -619M | -475M | -229M | -136M | -134M | 111M | 86M |
Depreciation & Amortization | 141M | 148M | 154M | 182M | 194M | 178M | 192M | 212M |
Stock-Based Compensation | 6M | 3M | 3M | 39M | 75M | 77M | 76M | 74M |
Deferred Taxes | 24M | -110M | -178M | -65M | -30M | 34M | -15M | -46M |
Other Non-Cash Items | -31M | 2M | 22M | 24M | -16M | 49M | -96M | -87M |
Working Capital Changes | -51M | 326M | -38M | -345M | 75M | 68M | -35M | -78M |
Change in Receivables | -39M | 524M | -88M | -445M | 45M | 118M | -53M | -66M |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 23M | -159M | 2M | 122M | 26M | -5M | -7M | 30M |
Cash from Investing | -87M | -47M | -27M | -95M | -119M | -102M | -206M | -215M |
Capital Expenditures | -62M | -47M | -44M | -94M | -113M | -107M | -129M | -139M |
CapEx % of Revenue | 2.93% | 5.93% | 5.77% | 5.08% | 4.93% | 4.42% | 4.75% | 4.73% |
Acquisitions | -25M | 0 | 20M | 0 | 0 | 0 | -104M | 44M |
Investments | - | - | - | - | - | - | - | - |
Other Investing | 0 | 816.81M | -3M | -1M | -6M | 5M | 27M | -138M |
Cash from Financing | -65M | 384M | 478M | 292M | 120M | -85M | -128M | -54M |
Debt Issued (Net) | -3M | 384M | 382M | 197M | 128M | 25M | -14M | 86M |
Equity Issued (Net) | 0 | 834.35M | 150M | -168M | 0 | -55M | -65M | -106M |
Dividends Paid | -58M | 0 | -1M | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | -58M | 0 | 0 | 0 | 0 | -55M | -73M | -110M |
Other Financing | -4M | -834.35M | -53M | 263M | -8M | -55M | -49M | -34M |
Net Change in Cash | 76M▲ 0% | 94M▲ 23.7% | -68M▼ 172.3% | -209M▼ 207.4% | 173M▲ 182.8% | 72M▼ 58.4% | -82M▼ 213.9% | -97M▲ 0% |
Free Cash Flow | 165M▲ 0% | -297M▼ 280.0% | -556M▼ 87.2% | -488M▲ 12.2% | 49M▲ 110.0% | 165M▲ 236.7% | 104M▼ 37.0% | 26M▲ 0% |
FCF Margin % | 7.79% | -37.45% | -72.87% | -26.36% | 2.14% | 6.81% | 3.83% | 0.89% |
FCF Growth % | - | -280% | -87.21% | 12.23% | 110.04% | 236.73% | -36.97% | -84.43% |
FCF per Share | 1.28 | -0.71 | -1.33 | -1.16 | 0.11 | 0.36 | 0.20 | 0.05 |
FCF Conversion (FCF/Net Income) | 1.69x | 0.41x | - | 15.76x | -2.57x | -1.97x | 2.14x | 0.30x |
Interest Paid | 14M | 0 | 47M | 96M | 142M | 99M | 0 | 41M |
Taxes Paid | 49M | 0 | 0 | 0 | 2M | 14M | 0 | 48M |
GBTG Key Ratios
Global Business Travel Group, Inc. (GBTG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -46.06% | - | -1.75% | -4.88% | -12.16% | 8.02% | 5.68% |
Return on Invested Capital (ROIC) | -44.38% | -26.37% | -6.67% | -0.26% | 4.14% | 5.79% | 3.79% |
Gross Margin | 33.29% | 37.48% | 55.05% | 58.17% | 60.09% | 60.08% | 56.96% |
Net Margin | -77.43% | - | -1.35% | -2.75% | -5.7% | 4.01% | 2.93% |
Debt / Equity | 0.71x | 0.74x | 0.95x | 1.20x | 1.38x | 0.91x | 0.97x |
Interest Coverage | -27.11x | -11.32x | -1.93x | -0.03x | 0.38x | 2.55x | 1.74x |
FCF Conversion | 0.41x | - | 15.76x | -2.57x | -1.97x | 2.14x | 0.30x |
Revenue Growth | -62.58% | -3.78% | 142.59% | 23.72% | 5.81% | 12.17% | 20.67% |
Related:GBTG Dividend History·GBTG Revenue History·GBTG Price History·GBTG P/E History·GBTG Financial Ratios·GBTG Institutional Holders
GBTG SEC Filings & Documents
Global Business Travel Group, Inc. (GBTG) SEC filings — annual & quarterly reports (10-K, 10-Q)
GBTG Frequently Asked Questions
Global Business Travel Group, Inc. (GBTG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Global Business Travel Group, Inc. (GBTG) reported $2.94B in revenue for fiscal year 2025. This represents a 39% increase from $2.12B in 2019.
Global Business Travel Group, Inc. (GBTG) grew revenue by 12.2% over the past year. This is steady growth.
Yes, Global Business Travel Group, Inc. (GBTG) is profitable, generating $86.0M in net income for fiscal year 2025 (4.0% net margin).
Dividend & Returns
Global Business Travel Group, Inc. (GBTG) has a return on equity (ROE) of 8.0%. This is below average, suggesting room for improvement.
Global Business Travel Group, Inc. (GBTG) generated $26.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.