GBTG
Global Business Travel Group Inc
NYSE: GBTG · CONSUMER CYCLICAL · TRAVEL SERVICES
$5.92
+1.02% today
Updated 2026-05-01
Market cap
$3.01B
P/E ratio
26.18
P/S ratio
1.11x
EPS (TTM)
$0.22
Dividend yield
—
52W range
$5 – $9
Volume
1.5M
Global Business Travel Group Inc (GBTG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.90B | $2.12B | $793.00M | $763.00M | $1.85B | $2.29B | $2.42B | $2.72B |
| Revenue growth (YoY) | — | +11.6% | -62.6% | -3.8% | +142.6% | +23.7% | +5.8% | +12.2% |
| Cost of revenue | $813.00M | $880.00M | $529.00M | $477.00M | $832.00M | $958.00M | $967.00M | $1.08B |
| Gross profit | $1.09B | $1.24B | $264.00M | $286.00M | $1.02B | $1.33B | $1.46B | $1.63B |
| Gross margin | 57.2% | 58.5% | 33.3% | 37.5% | 55.1% | 58.2% | 60.1% | 60.1% |
| R&D | — | $339.00M | $277.00M | $264.00M | $388.00M | $405.00M | $442.00M | $527.00M |
| SG&A | $604.00M | $255.00M | $181.00M | $213.00M | $313.00M | $306.00M | $308.00M | $290.00M |
| Operating income | $98.00M | $206.00M | $-747.00M | $-560.00M | $-198.00M | $-8.00M | $115.00M | $182.00M |
| Operating margin | 5.2% | 9.7% | -94.2% | -73.4% | -10.7% | -0.3% | 4.7% | 6.7% |
| EBITDA | $182.00M | $349.00M | $-584.00M | $-446.00M | $-7.00M | $190.00M | $222.00M | $434.00M |
| EBITDA margin | 9.6% | 16.5% | -73.6% | -58.5% | -0.4% | 8.3% | 9.2% | 16.0% |
| EBIT | $98.00M | $208.00M | $-732.00M | $-600.00M | $-189.00M | $-4.00M | $44.00M | $242.00M |
| Interest expense | $0.00 | $15.00M | $27.00M | $53.00M | $98.00M | $141.00M | $115.00M | $95.00M |
| Income tax | $18.00M | $60.00M | $-145.00M | $-186.00M | $-61.00M | $-9.00M | $66.00M | — |
| Effective tax rate | 48.6% | 30.9% | 19.1% | 28.5% | 70.9% | 12.5% | -91.7% | 0.0% |
| Net income | $19.00M | $134.00M | $-614.00M | $-467.00M | $-25.00M | $-63.00M | $-138.00M | $109.00M |
| Net income growth (YoY) | — | +605.3% | -558.2% | +23.9% | +94.6% | -152.0% | -119.0% | +179.0% |
| Profit margin | 1.0% | 6.3% | -77.4% | -61.2% | -1.4% | -2.8% | -5.7% | 4.0% |