Global Business Travel (GBTG) Change in Cash (2020 - 2026)
Global Business Travel's Change in Cash came in at $72 million for Q2 2026, up 75.6% from $41 million a year earlier.
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Analysis
Global Business Travel (GBTG) Change in Cash (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Global Business Travel reported Change in Cash of -$66 million; for FY2025, it came in at -$82 million.
- Going back by year, Change in Cash was $72 million in FY2024 (-58.4%), $173 million in FY2023, -$209 million in FY2022 and -$68 million in FY2021.
- The Q2 2026 figure represents the highest quarterly Change in Cash since Q3 2023.
- Year-over-year, Change in Cash increased in two of the last six quarters, with an average decline of 18.5%.
- The fastest year-over-year change in Change in Cash over five years came in Q2 2024 (growth of 186.7%), and the weakest in Q1 2026 (a decline of 93.8%).
- Business Quant data shows GBTG's Change in Cash at $1 million (Q1 2026), -$2 million (Q4 2025) and -$137 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.60 Bn | 91.65 Bn | 1.55 Bn | 4.00 Mn |
| 2 | Royal Caribbean Cruises | 74.32 Bn | 71.90 Bn | 2.29 Bn | 363.00 Mn |
| 3 | Hilton Worldwide Holdings | 72.10 Bn | 68.58 Bn | 3.08 Bn | 445.00 Mn |
| 4 | Viking Holdings | 36.31 Bn | 21.43 Bn | 996.62 Mn | -61.28 Mn |
| 5 | Carnival | 34.66 Bn | 27.87 Bn | - | -1.02 Bn |
| 6 | Intercontinental Hotels | 26.64 Bn | 22.19 Bn | - | - |
| 7 | Trip.com | 24.74 Bn | -20.81 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 14.98 Bn | 12.46 Bn | 388.00 Mn | -56.00 Mn |
| 9 | H World | 12.83 Bn | 3.76 Bn | - | 279.00 Mn |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 72.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 72.00 Mn |
| Mar 31, 2026 | 1.00 Mn |
| Dec 31, 2025 | -2.00 Mn |
| Sep 30, 2025 | -137.00 Mn |
| Jun 30, 2025 | 41.00 Mn |
| Mar 31, 2025 | 16.00 Mn |
| Dec 31, 2024 | 11.00 Mn |
| Sep 30, 2024 | 9.00 Mn |
| Jun 30, 2024 | 43.00 Mn |
| Mar 31, 2024 | 9.00 Mn |
| Dec 31, 2023 | 44.00 Mn |
| Sep 30, 2023 | 97.00 Mn |
| Jun 30, 2023 | 15.00 Mn |
| Mar 31, 2023 | 17.00 Mn |
| Dec 31, 2022 | -9.00 Mn |
| Sep 30, 2022 | -131.00 Mn |
| Jun 30, 2022 | 116.00 Mn |
| Mar 31, 2022 | -185.00 Mn |
| Dec 31, 2021 | 80.00 Mn |
| Sep 30, 2021 | -27.00 Mn |
API Access
Global Business Travel Change in Cash 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=change-in-cash&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-cash", "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=change-in-cash&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();