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| Date | Value |
|---|---|
| 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 |