8-K Announcements
6May 4, 2026·SEC
May 4, 2026·SEC
Mar 9, 2026·SEC
Global Business Travel Group, Inc. (GBTG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Global Business Travel Group, Inc. (GBTG) stock price & volume — 10-year historical chart
Global Business Travel Group, Inc. (GBTG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Global Business Travel Group, Inc. (GBTG) EPS & revenue vs analyst estimates — last 4 quarters
| 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% |
Global Business Travel Group, Inc. (GBTG) competitors in Vertical industry SaaS applications — business model, growth, and fundamentals comparison
Global Business Travel Group, Inc. (GBTG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Global Business Travel Group, Inc. (GBTG) annual income statement — 10-year revenue, gross profit & net income history
| Line item | 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 | 1.2B |
| 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% | 1.73B▲ 0% |
| Gross Margin % | 58.47% | 33.29% | 37.48% | 55.05% | 58.17% | 60.09% | 60.08% | 59.01% |
| 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 | 1.65B |
| 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 | 4M |
| Operating Income | 206M▲ 0% | -747M▼ 462.6% | -560M▲ 25.0% | -198M▲ 64.6% | -8M▲ 96.0% | 115M▲ 1537.5% | 182M▲ 58.3% | 85M▲ 0% |
| Operating Margin % | 9.72% | -94.2% | -73.39% | -10.7% | -0.35% | 4.75% | 6.7% | 2.89% |
| Operating Income Growth % | - | -462.62% | 25.03% | 64.64% | 95.96% | 1537.5% | 58.26% | - |
| EBITDA | 347M | -599M | -406M | -16M | 186M | 293M | 374M | 297M |
| EBITDA Margin % | 16.38% | -75.54% | -53.21% | -0.86% | 8.12% | 12.09% | 13.76% | 10.11% |
| EBITDA Growth % | - | -272.62% | 32.22% | 96.06% | 1262.5% | 57.53% | 27.65% | -8.62% |
| D&A (Non-Cash Add-back) | 141M | 148M | 154M | 182M | 194M | 178M | 192M | 212M |
| EBIT | 208M | -732M | -600M | -189M | -4M | 44M | 242M | 124M |
| Net Interest Income | -10M | -26M | -52M | -98M | -140M | -109M | -87M | -65M |
| Interest Income | 5M | 1M | 1M | 0 | 1M | 6M | 8M | 7M |
| Interest Expense | 15M | 27M | 53M | 98M | 141M | 115M | 95M | 44M |
| Other Income/Expense | -8M | -17M | -101M | -92M | -137M | -183M | -31M | -19M |
| Pretax Income | 198M▲ 0% | -759M▼ 483.3% | -661M▲ 12.9% | -290M▲ 56.1% | -145M▲ 50.0% | -68M▲ 53.1% | 151M▲ 322.1% | 66M▲ 0% |
| Pretax Margin % | 9.34% | -95.71% | -86.63% | -15.67% | -6.33% | -2.81% | 5.56% | 2.25% |
| Income Tax | 60M | -145M | -186M | -61M | -9M | 66M | 40M | 61M |
| Effective Tax Rate % | 30.3% | 19.1% | 28.14% | 21.03% | 6.21% | -97.06% | 26.49% | 92.42% |
| 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 | 88M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 4M | 3M | 1M | 1.22B | 4M | 6M | 76M | 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% | - | - | - | - | - | - | - |
Global Business Travel Group, Inc. (GBTG) balance sheet — assets, liabilities & shareholders' equity
| Line item | 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 | 869M | 1.01B |
| Days Sales Outstanding | 114.55 | 66.28 | 211.44 | 165.25 | 125.92 | 95.66 | 116.7 | 118.75 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 71M | 86M | 31M | 41M | 45M | 51M | 266M | 308M |
| 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 | 396M |
| 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 | 153.62 |
| Short-Term Debt | 3M | 7M | 24M | 22M | 24M | 34M | 84M | 87M |
| Deferred Revenue (Current) | 0 | 0 | 18M | 19M | 0 | 0 | 0 | 280M |
| Other Current Liabilities | 122M | 158M | 337M | 279M | 304M | 309M | 713M | 1.41B |
| Current Ratio | 1.81x | 1.52x | 1.43x | 1.60x | 1.64x | 1.64x | 1.14x | 1.14x |
| Quick Ratio | 1.81x | 1.52x | 1.43x | 1.60x | 1.64x | 1.64x | 1.14x | 1.14x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | -34.88 |
| 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 | 64M |
| Capital Lease Obligations | 0 | 58M | 61M | 61M | 55M | 63M | 62M | 184M |
| Deferred Tax Liabilities | 0 | 0 | 359M | 478M | 5M | 36M | 99M | 304M |
| Other Non-Current Liabilities | 470M | 529M | 356M | 280M | 293M | 323M | 353M | 2.81B |
| 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 | 151M |
| Net Debt | -259M | 118M | 589M | 999M | 975M | 926M | 1.07B | -291M |
| Debt / Equity | 0.14x | 0.71x | 0.74x | 0.95x | 1.20x | 1.38x | 0.89x | 0.89x |
| Debt / EBITDA | 0.68x | - | - | - | 7.80x | 4.99x | 4.03x | 0.51x |
| Net Debt / EBITDA | -0.75x | - | - | - | 5.24x | 3.16x | 2.87x | 2.87x |
| Interest Coverage | 13.87x | -27.11x | -11.32x | -1.93x | -0.03x | 0.38x | 2.55x | 2.82x |
| Total Equity | 1.68B▲ 0% | 984M▼ 41.5% | 1.49B▲ 51.8% | 1.37B▼ 8.2% | 1.21B▼ 11.6% | 1.06B▼ 12.8% | 1.68B▲ 59.3% | 1.66B▲ 0% |
| Equity Growth % | - | -41.5% | 51.83% | -8.23% | -11.6% | -12.79% | 59.32% | 144.32% |
| Book Value per Share | 13.06 | 2.35 | 3.56 | 3.27 | 2.65 | 2.28 | 3.22 | 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 | 0 |
| Accumulated OCI | -98M | -179M | -162M | -7M | -103M | -146M | -75M | -84M |
| Minority Interest | 4M | 3M | 1M | 1.22B | 4M | 6M | 76M | 50M |
Global Business Travel Group, Inc. (GBTG) cash flow — operating, investing & free cash flow history
| Line item | 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 | 233M |
| 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 | 208M |
| Stock-Based Compensation | 6M | 3M | 3M | 39M | 75M | 77M | 76M | 90M |
| Deferred Taxes | 24M | -110M | -178M | -65M | -30M | 34M | -15M | -17M |
| Other Non-Cash Items | -31M | 2M | 22M | 24M | -16M | 49M | -96M | -287.33M |
| Working Capital Changes | -51M | 326M | -38M | -345M | 75M | 68M | -35M | 1M |
| 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 | -145M |
| CapEx % of Revenue | 2.93% | 5.93% | 5.77% | 5.08% | 4.93% | 4.42% | 4.75% | - |
| Acquisitions | -25M | 0 | 20M | 0 | 0 | 0 | -104M | 44M |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 816.81M | -3M | -1M | -6M | 5M | 27M | -141M |
| Cash from Financing | -65M | 384M | 478M | 292M | 120M | -85M | -128M | -54M |
| Debt Issued (Net) | -3M | 384M | 382M | 197M | 128M | 25M | -14M | -10M |
| Equity Issued (Net) | 0 | 834.35M | 150M | -168M | 0 | -55M | -65M | -72M |
| Dividends Paid | -58M | 0 | -1M | 0 | 0 | 0 | 0 | -5M |
| Share Repurchases | -58M | 0 | 0 | 0 | 0 | -55M | -73M | -110M |
| Other Financing | -4M | -834.35M | -53M | 263M | -8M | -55M | -49M | 33M |
| Net Change in Cash | 76M▲ 0% | 94M▲ 23.7% | -68M▼ 172.3% | -209M▼ 207.4% | 173M▲ 182.8% | 72M▼ 58.4% | -82M▼ 213.9% | -88M▲ 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 | 0.20 |
| 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 |
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% | 7.95% | 5.65% |
| Return on Invested Capital (ROIC) | -44.38% | -26.37% | -6.67% | -0.26% | 4.14% | 5.76% | 5.76% |
| Gross Margin | 33.29% | 37.48% | 55.05% | 58.17% | 60.09% | 60.08% | 59.01% |
| 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 | 0.89x | 0.89x |
| Interest Coverage | -27.11x | -11.32x | -1.93x | -0.03x | 0.38x | 2.55x | 2.82x |
| 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% |
Global Business Travel Group, Inc. (GBTG) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 4, 2026·SEC
May 4, 2026·SEC
Mar 9, 2026·SEC
Global Business Travel Group, Inc. (GBTG) stock FAQ — growth, dividends, profitability & financials explained
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).
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.
Global Business Travel Group, Inc. (GBTG) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates