Global Business Travel Group, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:06:27Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 101.00M | 163.00M | 47.00M | -490.00M | -558.00M | -297.00M |
| EBITDA | 322.00M | 293.00M | 186.00M | -16.00M | -406.00M | -599.00M |
| Working Capital | 188.00M | 501.00M | 529.00M | 461.00M | 331.00M | -873.55K |
| Net Debt | 1.07B | 926.00M | 958.00M | 999.00M | 594.80M | 1.24M |
| Operating Margin | 4.78% | 4.75% | -0.35% | -10.70% | -73.39% | -94.20% |
| Net Margin | 4.08% | -5.53% | -5.94% | -12.37% | 0.81% | -2.48% |
| Return on Equity (ROE) | 6.90% | -12.75% | -11.26% | -150.66% | 0.47% | 18.90% |
| Return on Assets (ROA) | 2.26% | -3.70% | -3.63% | -6.14% | 0.16% | -2.40% |
| Current Ratio | 1.14× | 1.64× | 1.64× | 1.60× | 1.46× | 0.61× |
| Debt-to-Equity | 0.94× | 1.39× | 1.19× | 8.57× | 0.83× | -0.01× |
| Effective Tax Rate | 27.21% | -92.96% | 6.21% | 21.25% | 28.48% | 19.10% |
| Cash Conversion Ratio | 2.10× | -2.03× | -1.19× | 1.72× | -82.58× | 12.73× |
| Accruals Ratio | -0.02× | -0.11× | -0.08× | 0.04× | 0.14× | 0.28× |
| SBC % of Revenue | 2.80% | 3.18% | 3.28% | 2.11% | 0.39% | 0.38% |
| CapEx Coverage | 1.77× | 2.50× | 1.41× | -4.10× | -11.13× | -5.32× |
| Free Cash Flow Per Share | $0.20 | $0.35 | $0.10 | $-1.10 | — | — |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 34.77× | — | — | — | — | — |
| P/FCF | 37.32× | 26.34× | 62.87× | — | — | — |
| FCF Yield | 2.68% | 3.80% | 1.59% | — | — | — |
| EV / EBITDA | 15.78× | 18.08× | 21.35× | — | — | — |
| P/S | 1.47× | 1.80× | 1.32× | 1.63× | — | — |
| P/B | 2.49× | 4.16× | 2.49× | 19.79× | — | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 2.72B | 2.42B | 2.29B | 1.85B | 763.00M | 793.00M |
| Operating Expenses | 2.59B | 2.31B | 2.30B | 2.05B | 1.32B | 1.54B |
| Operating Income (Loss) | 130.00M | 115.00M | -8.00M | -198.00M | -560.00M | -747.00M |
| Income Tax Expense (Benefit) | 40.00M | 66.00M | -9.00M | -61.00M | -186.00M | -145.00M |
| Net Income (Loss) Attributable to Parent | — | — | — | — | 6.20M | -19.64M |
| Earnings Per Share, Basic | $0.22 | $-0.30 | $-0.25 | $-0.50 | — | — |
| Weighted Average Number of Shares Outstanding, Basic | 484.52M | 462.70M | 251.65M | 51.27M | — | — |
| Earnings Per Share, Diluted | $0.22 | $-0.30 | $-0.30 | $-0.51 | — | — |
| Weighted Average Number of Shares Outstanding, Diluted | 492.79M | 462.70M | 458.06M | 445.72M | — | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 434.00M | 536.00M | 476.00M | 303.00M | 516.00M | 257.87K |
| Assets, Current | 1.57B | 1.28B | 1.36B | 1.23B | 1.05B | 1.38M |
| Assets | 4.92B | 3.62B | 3.75B | 3.73B | 3.77B | 818.37M |
| Long-term Debt | 1.42B | 1.38B | 1.36B | 1.22B | — | — |
| Liabilities, Current | 1.38B | 780.00M | 831.00M | 773.00M | 721.00M | 2.26M |
| Long-term Debt, Excluding Current Maturities | 1.36B | 1.36B | 1.35B | 1.22B | 1.02B | — |
| Liabilities | 3.25B | 2.57B | 2.54B | 2.36B | 2.28B | 105.49M |
| Stockholders' Equity Attributable to Parent | 1.61B | 1.05B | 1.21B | 152.00M | 1.33B | -103.93M |
| Common Stock, Shares, Outstanding | — | 470.90M | 467.09M | — | — | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 233.00M | 272.00M | 162.00M | -394.00M | -512.00M | -250.00M |
| Payments to Acquire Property, Plant, and Equipment | 129.00M | 107.00M | 113.00M | 94.00M | 44.00M | 47.00M |
| Net Cash Provided by (Used in) Investing Activities | -206.00M | -102.00M | -119.00M | -95.00M | -27.00M | -47.00M |
| Payments for Repurchase of Common Stock | 73.00M | 55.00M | 0 | 0 | — | — |
| Net Cash Provided by (Used in) Financing Activities | -128.00M | -85.00M | 120.00M | 292.00M | 478.00M | 384.00M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -52.00M | 13.00M | 91.00M | 53.00M | 26.00M | 33.00M |
| EBITDA | 63.00M | 89.00M | — | — | 95.00M | 70.00M |
| Working Capital | 263.00M | 188.00M | 300.00M | 602.00M | 545.00M | 501.00M |
| Net Debt | 1.16B | 1.07B | 1.06B | 853.00M | 906.00M | 926.00M |
| Operating Margin | 0.36% | 3.66% | 1.78% | 5.39% | 8.86% | 5.08% |
| Net Margin | 6.43% | 10.48% | -9.20% | 2.38% | 12.08% | -2.37% |
| Return on Equity (ROE) | 3.36% | 5.16% | -4.05% | 1.25% | 6.69% | -1.33% |
| Return on Assets (ROA) | 1.06% | 1.69% | -1.30% | 0.39% | 1.98% | -0.39% |
| Current Ratio | 1.18× | 1.14× | 1.23× | 1.66× | 1.60× | 1.64× |
| Debt-to-Equity | 1.00× | 0.94× | 0.97× | 1.21× | 1.30× | 1.39× |
| Effective Tax Rate | -381.82% | -45.61% | -60.00% | 61.76% | 21.88% | -183.33% |
| Cash Conversion Ratio | -0.28× | 0.63× | -2.92× | 7.33× | 0.71× | -4.64× |
| Accruals Ratio | 0.01× | 0.01× | -0.05× | -0.02× | 0.01× | -0.02× |
| SBC % of Revenue | 2.02% | 2.27% | 8.61% | 6.18% | 3.06% | 3.21% |
| CapEx Coverage | -0.41× | 1.33× | 2.01× | 1.93× | 1.96× | 2.03× |
| Free Cash Flow Per Share | $-0.10 | $0.03 | $0.19 | $0.11 | $0.05 | $0.07 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 32.82× | 33.26× | 404.00× | — | — | — |
| P/S | 0.99× | 1.47× | 1.69× | 1.24× | 1.43× | 1.80× |
| P/B | 1.81× | 2.49× | 2.78× | 2.51× | 3.10× | 4.16× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 840.00M | 792.00M | 674.00M | 631.00M | 621.00M | 591.00M |
| Operating Expenses | 837.00M | 763.00M | 662.00M | 597.00M | 566.00M | 561.00M |
| Operating Income (Loss) | 3.00M | 29.00M | 12.00M | 34.00M | 55.00M | 30.00M |
| Income Tax Expense (Benefit) | -42.00M | -26.00M | 24.00M | 21.00M | 21.00M | 11.00M |
| Earnings Per Share, Basic | $0.10 | $0.16 | $-0.13 | $0.03 | $0.16 | $-0.04 |
| Weighted Average Number of Shares Outstanding, Basic | 512.80M | 484.52M | 485.82M | 470.88M | 465.87M | 462.70M |
| Earnings Per Share, Diluted | $0.10 | $0.17 | $-0.13 | $0.03 | $0.16 | $-0.04 |
| Weighted Average Number of Shares Outstanding, Diluted | 519.40M | 492.79M | 485.82M | 474.84M | 478.72M | 462.70M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 442.00M | 434.00M | 427.00M | 601.00M | 552.00M | 536.00M |
| Assets, Current | 1.76B | 1.57B | 1.62B | 1.52B | 1.46B | 1.28B |
| Assets | 5.08B | 4.92B | 4.76B | 3.87B | 3.79B | 3.62B |
| Long-term Debt | 1.52B | 1.42B | 1.39B | 1.38B | 1.38B | 1.38B |
| Liabilities, Current | 1.49B | 1.38B | 1.32B | 915.00M | 910.00M | 780.00M |
| Long-term Debt, Excluding Current Maturities | 1.46B | 1.36B | 1.37B | 1.36B | 1.36B | 1.36B |
| Liabilities | 3.42B | 3.25B | 3.23B | 2.66B | 2.66B | 2.57B |
| Stockholders' Equity Attributable to Parent | 1.61B | 1.61B | 1.53B | 1.20B | 1.12B | 1.05B |
| Common Stock, Shares, Outstanding | — | — | 525.95M | 478.92M | 478.70M | 470.90M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -15.00M | 52.00M | 181.00M | 110.00M | 53.00M | 65.00M |
| Payments to Acquire Property, Plant, and Equipment | 37.00M | 39.00M | 90.00M | 57.00M | 27.00M | 32.00M |
| Net Cash Provided by (Used in) Investing Activities | -27.00M | -5.00M | -201.00M | -30.00M | -18.00M | -32.00M |
| Payments for Repurchase of Common Stock | 38.00M | 39.00M | 34.00M | 1.00M | 1.00M | 0 |
| Net Cash Provided by (Used in) Financing Activities | 49.00M | -47.00M | -81.00M | -48.00M | -25.00M | -6.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (GBTG CIK 0001820872),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.