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

Global Business Travel (GBTG) recorded quarterly Accumulated Expenses of $781.0 million in Q1 2026, up 3.17% quarter-over-quarter from $757.0 million in Q4 2025, and up 51.06% on a YoY basis from $517.0 million in Q1 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.

  • In Q1 2026, Accumulated Expenses rose 51.06% year-over-year to $781.0 million; the TTM figure through Mar 2026 stood at $781.0 million (up 51.06% YoY), while the FY2025 annual figure was $757.0 million, up 64.21% from the prior year.
  • Accumulated Expenses was $781.0 million for Q1 2026 at Global Business Travel, up from $757.0 million in the prior quarter.
  • In the past five years, Accumulated Expenses ranged from a high of $781.0 million in Q1 2026 to a low of $409.0 million in Q3 2022.
  • Historically, Accumulated Expenses has averaged $520.1 million across 5 years, with a median of $472.5 million in 2023.
  • The sharpest annual moves came in 2022 and 2025: Accumulated Expenses declined 12.91% in 2022, then jumped 64.21% in 2025.
  • A 5-year view of Accumulated Expenses shows it 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.
  • The last three Accumulated Expenses figures came in at $781.0 million (Q1 2026), $757.0 million (Q4 2025), and $691.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn
4 Carnival 37.80 Bn 36.39 Bn -
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn
10 MakeMyTrip 2.12 Bn 1.35 Bn -

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