Global Business Travel (GBTG) Capital Expenditures (2021 - 2026)

Global Business Travel (GBTG) recorded quarterly Capital Expenditures of $37.0 million in Q1 2026, down 5.13% quarter-over-quarter from $39.0 million in Q4 2025, and up 37.04% on a YoY basis from $27.0 million in Q1 2025.

Global Business Travel (GBTG) Capital Expenditures (2021 - 2026) Analysis & Trends

Global Business Travel's Capital Expenditures history runs 6 years deep, the most recent figure standing at $37.0 million for Q1 2026.

  • In Q1 2026, Capital Expenditures rose 37.04% year-over-year to $37.0 million; the TTM figure through Mar 2026 stood at $139.0 million (up 27.52% YoY), while the FY2025 annual figure was $129.0 million, up 20.56% from the prior year.
  • Capital Expenditures was $37.0 million for Q1 2026 at Global Business Travel, down from $39.0 million in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $39.0 million in Q4 2025 to a low of $21.0 million in Q1 2022.
  • Historically, Capital Expenditures has averaged $28.2 million across 5 years, with a median of $27.0 million in 2023.
  • The sharpest annual moves came in 2022 and 2024: Capital Expenditures soared 210.0% in 2022, then fell 21.88% in 2024.
  • A 5-year view of Capital Expenditures shows it stood at $21.0 million in 2022, then advanced by 23.81% to $26.0 million in 2023, then climbed by 23.08% to $32.0 million in 2024, then grew by 21.88% to $39.0 million in 2025, then declined by 5.13% to $37.0 million in 2026.
  • The last three Capital Expenditures figures came in at $37.0 million (Q1 2026), $39.0 million (Q4 2025), and $33.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 107.00 Mn
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn -
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 145.00 Mn
4 Carnival 37.80 Bn 36.39 Bn - 566.00 Mn
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 184.00 Mn
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 1.44 Bn
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 37.00 Mn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 19.00 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 37.00 Mn
Mar 31, 2026 37.00 Mn
Dec 31, 2025 39.00 Mn
Dec 31, 2025 39.00 Mn
Sep 30, 2025 33.00 Mn
Sep 30, 2025 33.00 Mn
Jun 30, 2025 30.00 Mn
Jun 30, 2025 30.00 Mn
Mar 31, 2025 27.00 Mn
Mar 31, 2025 27.00 Mn
Dec 31, 2024 32.00 Mn
Dec 31, 2024 32.00 Mn
Sep 30, 2024 26.00 Mn
Sep 30, 2024 26.00 Mn
Jun 30, 2024 24.00 Mn
Jun 30, 2024 24.00 Mn
Mar 31, 2024 25.00 Mn
Mar 31, 2024 25.00 Mn
Dec 31, 2023 26.00 Mn
Dec 31, 2023 26.00 Mn