Last 22 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Global Business Travel Group, Inc.'s quarterly P/E stands at 13.9x, up 23.0% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 47.2% YoY to 6.1x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 44.95 | 13.95 | 11.95 | — | 57.48 | 11.34 | — | — | 29.89 | — | 27.90 | — | — |
| — | +23.0% | — | — | +92.3% | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.82 | 0.86 | 1.26 | 1.46 | 1.19 | 1.40 | 1.82 | 1.49 | 1.24 | 1.14 | 1.37 | 1.10 | 1.28 |
| — | -38.3% | -30.4% | -2.2% | -4.6% | +23.1% | +32.4% | +35.1% | -2.9% | -5.5% | +2.2% | -9.3% | -5.9% | |
| P/B Ratio | 2.98 | 1.75 | 2.41 | 2.56 | 2.48 | 3.08 | 4.06 | 3.21 | 2.55 | 2.36 | 2.49 | 2.01 | 2.26 |
| — | -43.4% | -40.6% | -20.4% | -2.8% | +30.6% | +63.4% | +60.2% | +12.7% | +14.9% | +20.5% | -1.2% | +8.3% | |
| P/FCF | 47.50 | — | 77.04 | 25.83 | 27.70 | 33.42 | 32.53 | 15.06 | 15.85 | 28.88 | 23.54 | 5.88 | 39.87 |
| — | — | +136.8% | +71.4% | +74.8% | +15.7% | +38.2% | +156.1% | -60.3% | — | — | — | — | |
| EV / EBITDA | 16.08 | 6.09 | 13.22 | 20.38 | 12.48 | 11.53 | 18.64 | 16.11 | 11.17 | 14.82 | 19.17 | 19.12 | 20.24 |
| — | -47.2% | -29.1% | +26.5% | +11.7% | -22.2% | -2.8% | -15.8% | -44.8% | -43.7% | -80.0% | — | -39.6% | |
| EV / EBIT | 33.03 | 13.87 | 15.67 | — | 16.86 | 9.13 | 29.66 | — | 30.47 | 22.77 | — | 33.83 | — |
| — | +51.9% | -47.2% | — | -44.7% | -59.9% | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Global Business Travel Group, Inc.'s operating margin was 5.6% in Q1 2026, up 1.0 pp QoQ and down 3.3 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 4.3% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 7.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.1% | 58.3% | 56.8% | 59.9% | 61.6% | 62.8% | 59.7% | 60.3% | 60.5% | 59.8% | 56.6% | 58.5% | 59.0% |
| — | -7.1% | -4.9% | -0.6% | +1.9% | +5.0% | +5.4% | +3.1% | +2.6% | +2.9% | +5.1% | +5.7% | -0.2% | |
| Operating Margin | 6.7% | 5.6% | 4.5% | 1.8% | 5.4% | 8.9% | 5.1% | 4.5% | 6.7% | 2.6% | 0.5% | -0.7% | 0.3% |
| — | -36.8% | -10.5% | -60.6% | -19.8% | +237.7% | +829.0% | +745.6% | +1889.3% | +268.5% | +107.6% | +92.4% | +108.6% | |
| Net Margin | 4.0% | 6.2% | 10.5% | -9.2% | 2.1% | 12.1% | -2.7% | -21.6% | 4.2% | -3.1% | -8.6% | -2.1% | -2.4% |
| — | -48.7% | +487.1% | +57.4% | -50.5% | +487.7% | +68.4% | -928.2% | +275.9% | -800.2% | -73.5% | +48.7% | -154.7% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.0% | 3.1% | 5.2% | -4.5% | 1.1% | 6.9% | -1.5% | -11.1% | 2.2% | -1.6% | -3.8% | -0.9% | -1.0% |
| — | -54.4% | +451.2% | +59.2% | -48.8% | +531.3% | +61.2% | -1099.9% | +308.9% | -984.1% | -86.1% | +43.7% | -166.0% | |
| ROA | 2.6% | 1.0% | 1.7% | -1.4% | 0.3% | 2.0% | -0.4% | -3.4% | 0.7% | -0.5% | -1.2% | -0.3% | -0.4% |
| — | -48.6% | +495.5% | +58.0% | -50.3% | +504.2% | +64.8% | -1021.7% | +293.3% | -918.1% | -86.7% | +42.4% | -163.8% | |
| ROIC | 5.8% | 1.7% | 1.0% | 0.4% | 1.2% | 2.1% | 1.1% | 1.0% | 1.5% | 0.6% | 0.1% | -0.1% | 0.1% |
| — | -16.3% | -8.7% | -59.8% | -15.5% | +270.0% | +998.5% | +855.4% | +2310.8% | +298.9% | +108.0% | +91.9% | +109.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Global Business Travel Group, Inc.'s Debt/EBITDA ratio is 1.4x, down from 15.7x last quarter — comfortably within a safe range. The current ratio has weakened 26.4% YoY to 1.18x, tightening the short-term liquidity position. Debt/Equity has declined for 6 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.91 | 0.09 | 0.91 | 0.96 | 1.20 | 1.29 | 1.38 | 1.34 | 1.17 | 1.22 | 1.20 | 1.14 | 1.07 |
| — | -93.0% | -34.4% | -28.1% | +2.5% | +5.7% | +15.5% | +17.1% | +9.7% | +15.4% | +26.1% | +3.3% | +5.2% | |
| Debt / EBITDA | 4.03 | 1.41 | 15.69 | 24.18 | 18.88 | 15.35 | 20.89 | 21.13 | 15.90 | 22.81 | 27.90 | 31.15 | 28.12 |
| — | -90.8% | -24.9% | +14.4% | +18.8% | -32.7% | -25.2% | -32.2% | -43.5% | -41.1% | -78.6% | — | -43.3% | |
| Current Ratio | 1.14 | 1.18 | 1.14 | 1.23 | 1.66 | 1.60 | 1.64 | 1.56 | 1.65 | 1.50 | 1.64 | 1.59 | 1.64 |
| — | -26.4% | -30.8% | -21.5% | +0.6% | +6.4% | +0.3% | -1.8% | +0.6% | -8.6% | +2.5% | +2.4% | -0.9% | |
| Quick Ratio | 1.14 | 1.18 | 1.14 | 1.23 | 1.66 | 1.60 | 1.64 | 1.56 | 1.65 | 1.50 | 1.64 | 1.59 | 1.64 |
| — | -26.4% | -30.8% | -21.5% | +0.6% | +6.4% | +0.3% | -1.8% | +0.6% | -8.6% | +2.5% | +2.4% | -0.9% | |
| Interest Coverage | 2.55 | 1.74 | 3.38 | -0.58 | 2.48 | 5.00 | 2.00 | -1.64 | 1.03 | 1.24 | -0.19 | 0.72 | -0.63 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 22 years · Updated daily
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Global Business Travel Group, Inc.'s current P/E is 45.0x. The average P/E over the last 3 quarters is 27.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Global Business Travel Group, Inc.'s current operating margin is 6.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Global Business Travel Group, Inc.'s business trajectory between earnings reports.