Global Business Travel (GBTG) Accumulated Expenses (2021 - 2026)

Global Business Travel's (GBTG) quarterly Accumulated Expenses came in at $781.0 million in Q1 2026, up 51.06% year-on-year from $517.0 million in Q1 2025, and up 3.17% quarter-over-quarter from $757.0 million in Q4 2025.

Global Business Travel (GBTG) Accumulated Expenses (2021 - 2026) Analysis & Trends

Global Business Travel's Accumulated Expenses history runs 6 years deep, the most recent figure standing at $781.0 million for Q1 2026.

  • On a quarterly basis, Accumulated Expenses rose 51.06% year-over-year to $781.0 million in Q1 2026; TTM through Mar 2026 was $781.0 million, a 51.06% increase from a year earlier, with the FY2025 full-year figure at $757.0 million, up 64.21% from the prior year.
  • Accumulated Expenses rose to $781.0 million in Q1 2026 per GBTG's latest filing, from $757.0 million in the prior quarter.
  • Across five years, Accumulated Expenses topped out at $781.0 million in Q1 2026 and bottomed at $409.0 million in Q3 2022.
  • The 5-year median for Accumulated Expenses is $472.5 million (2023), against an average of $520.1 million.
  • Across the five-year window, Accumulated Expenses retreated 12.91% in 2022 and soared 64.21% in 2025, its largest moves.
  • Year by year, Accumulated Expenses stood at $452.0 million in 2022, then increased by 3.1% to $466.0 million in 2023, then retreated by 1.07% to $461.0 million in 2024, then surged by 64.21% to $757.0 million in 2025, then increased by 3.17% to $781.0 million in 2026.
  • Per Business Quant, the three latest GBTG Accumulated Expenses figures stand at $781.0 million (Q1 2026), $757.0 million (Q4 2025), and $691.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Booking Holdings 145.98 Bn 129.96 Bn 3.46 Bn
2 Airbnb 87.07 Bn 75.06 Bn 2.10 Bn
3 Royal Caribbean Cruises 80.01 Bn 79.28 Bn 2.21 Bn
4 Yatra Online 54.17 Bn 54.14 Bn 10.44 Mn
5 Viking Holdings 44.80 Bn 40.99 Bn 713.43 Mn
6 Carnival 37.23 Bn 34.99 Bn -
7 Expedia 33.51 Bn 31.00 Bn 3.05 Bn
8 Trip.com 29.17 Bn 17.47 Bn 1.86 Bn
9 Norwegian Cruise Line Holdings 9.07 Bn 8.89 Bn 953.34 Mn
10 Global Business Travel 4.84 Bn 4.39 Bn 490.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 781.00 Mn
Dec 31, 2025 757.00 Mn
Sep 30, 2025 691.00 Mn
Jun 30, 2025 512.00 Mn
Mar 31, 2025 517.00 Mn
Dec 31, 2024 461.00 Mn
Sep 30, 2024 504.00 Mn
Jun 30, 2024 479.00 Mn
Mar 31, 2024 526.00 Mn
Dec 31, 2023 466.00 Mn
Sep 30, 2023 453.00 Mn
Jun 30, 2023 447.00 Mn
Mar 31, 2023 426.00 Mn
Dec 31, 2022 452.00 Mn
Sep 30, 2022 409.00 Mn
Jun 30, 2022 441.00 Mn
Dec 31, 2021 519.00 Mn