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

Global Business Travel's (GBTG) quarterly Capital Expenditures came in at $37.0 million in Q1 2026, up 37.04% year-on-year from $27.0 million in Q1 2025, and down 5.13% quarter-over-quarter from $39.0 million in Q4 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.

  • On a quarterly basis, Capital Expenditures rose 37.04% year-over-year to $37.0 million in Q1 2026; TTM through Mar 2026 was $139.0 million, a 27.52% increase from a year earlier, with the FY2025 full-year figure at $129.0 million, up 20.56% from the prior year.
  • Capital Expenditures fell to $37.0 million in Q1 2026 per GBTG's latest filing, from $39.0 million in the prior quarter.
  • Across five years, Capital Expenditures topped out at $39.0 million in Q4 2025 and bottomed at $21.0 million in Q1 2022.
  • The 5-year median for Capital Expenditures is $27.0 million (2023), against an average of $28.2 million.
  • Across the five-year window, Capital Expenditures surged 210.0% in 2022 and decreased 21.88% in 2024, its largest moves.
  • Year by year, Capital Expenditures 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.
  • Per Business Quant, the three latest GBTG Capital Expenditures figures stand at $37.0 million (Q1 2026), $39.0 million (Q4 2025), and $33.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 107.00 Mn
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 500.00 Mn
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn -
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn -
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn -157.93 Mn
6 Carnival 34.61 Bn 32.38 Bn - 875.00 Mn
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn 184.00 Mn
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn 1.44 Bn
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn -
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn 37.00 Mn

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