Global Business Travel (GBTG) Cash from Operations (2020 - 2026)
Global Business Travel (GBTG) posted Cash from Operations of $142 million for Q2 2026, up 149.1% from $57 million a year earlier.
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Analysis
Global Business Travel (GBTG) Cash from Operations (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cash from Operations at Global Business Travel was $250 million, down 3.8% year-over-year; for FY2025, it was $233 million, down 14.3% from FY2024.
- In prior years, Global Business Travel's Cash from Operations was $272 million in FY2024 (+67.9%), $162 million in FY2023, -$394 million in FY2022 and -$512 million in FY2021.
- The Q2 2026 figure stands as the highest quarterly Cash from Operations in data going back to Q4 2020.
- On a year-over-year basis, Cash from Operations increased in three of the last seven quarters, with growth averaging 10.6%.
- The strongest year-over-year quarter for Cash from Operations in the past five years was Q2 2026, with growth of 149.1%; the weakest was Q3 2024, with a decline of 37.0%.
- According to Business Quant data, Cash from Operations for the three prior quarters was -$15 million (Q1 2026), $52 million (Q4 2025) and $71 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn | 948.00 Mn |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn | 472.00 Mn |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn | 1.86 Bn |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn | 389.13 Mn |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - | 1.41 Bn |
| 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 | 50.00 Mn |
| 9 | H World | 13.15 Bn | 4.07 Bn | - | 503.00 Mn |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 142.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 142.00 Mn |
| Mar 31, 2026 | -15.00 Mn |
| Dec 31, 2025 | 52.00 Mn |
| Sep 30, 2025 | 71.00 Mn |
| Jun 30, 2025 | 57.00 Mn |
| Mar 31, 2025 | 53.00 Mn |
| Dec 31, 2024 | 65.00 Mn |
| Sep 30, 2024 | 85.00 Mn |
| Jun 30, 2024 | 73.00 Mn |
| Mar 31, 2024 | 49.00 Mn |
| Dec 31, 2023 | 58.00 Mn |
| Sep 30, 2023 | 135.00 Mn |
| Jun 30, 2023 | 46.00 Mn |
| Mar 31, 2023 | -77.00 Mn |
| Dec 31, 2022 | -4.00 Mn |
| Sep 30, 2022 | -81.00 Mn |
| Jun 30, 2022 | -155.00 Mn |
| Mar 31, 2022 | -154.00 Mn |
| Dec 31, 2021 | -169.00 Mn |
| Sep 30, 2021 | -107.00 Mn |
API Access
Global Business Travel Cash from Operations 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=cash-from-operations&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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=cash-from-operations&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();