Global Business Travel (GBTG) Capital Expenditures (2021 - 2026)
Global Business Travel's Capital Expenditures was $39 million in Q2 2026, up 30.0% from $30 million a year earlier and up 5.4% from the prior quarter.
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Analysis
Global Business Travel (GBTG) Capital Expenditures (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Global Business Travel's Capital Expenditures was $148 million through Jun 30, 2026, up 28.7% year-over-year; for FY2025, it was $129 million, up 20.6% from FY2024.
- Capital Expenditures shows a five-year compound annual growth rate of 22.4% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $107 million in FY2024 (-5.3%), $113 million in FY2023 (+20.2%), $94 million in FY2022 (+113.6%) and $44 million in FY2021 (-6.4%).
- Compared with a year earlier, Capital Expenditures has increased for seven straight quarters, with growth averaging 20.6% over the last eight quarters.
- The best year-over-year quarter for Capital Expenditures over five years was Q3 2022 (growth of 210.0%); the worst was Q1 2024 (a decline of 21.9%).
- Per Business Quant data, GBTG's Capital Expenditures in the three quarters before Q2 2026 was $37 million (Q1 2026), $39 million (Q4 2025) and $33 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn | 152.00 Mn |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn | 12.00 Mn |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn | 2.74 Bn |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn | -735.86 Mn |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - | 698.00 Mn |
| 6 | Intercontinental Hotels | 26.49 Bn | 22.05 Bn | - | - |
| 7 | Trip.com | 25.40 Bn | -20.15 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 14.95 Bn | 12.43 Bn | 388.00 Mn | 22.00 Mn |
| 9 | H World | 13.15 Bn | 4.07 Bn | - | -25.00 Mn |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 39.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.00 Mn |
| Mar 31, 2026 | 37.00 Mn |
| Dec 31, 2025 | 39.00 Mn |
| Sep 30, 2025 | 33.00 Mn |
| Jun 30, 2025 | 30.00 Mn |
| Mar 31, 2025 | 27.00 Mn |
| Dec 31, 2024 | 32.00 Mn |
| Sep 30, 2024 | 26.00 Mn |
| Jun 30, 2024 | 24.00 Mn |
| Mar 31, 2024 | 25.00 Mn |
| Dec 31, 2023 | 26.00 Mn |
| Sep 30, 2023 | 28.00 Mn |
| Jun 30, 2023 | 27.00 Mn |
| Mar 31, 2023 | 32.00 Mn |
| Dec 31, 2022 | 21.00 Mn |
| Sep 30, 2022 | 31.00 Mn |
| Jun 30, 2022 | 21.00 Mn |
| Mar 31, 2022 | 21.00 Mn |
| Dec 31, 2021 | 16.00 Mn |
| Sep 30, 2021 | 10.00 Mn |
API Access
Global Business Travel Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "GBTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();