Global Business Travel (GBTG) Change in Receivables (2021 - 2026)

Global Business Travel's (GBTG) quarterly Change in Receivables came in at $151.0 million in Q1 2026, up 11.03% year-on-year from $136.0 million in Q1 2025, and up 286.42% quarter-over-quarter from -$81.0 million in Q4 2025.

Global Business Travel (GBTG) Change in Receivables (2021 - 2026) Analysis & Trends

Global Business Travel's Change in Receivables history runs 6 years deep, the most recent figure standing at $151.0 million for Q1 2026.

  • On a quarterly basis, Change in Receivables rose 11.03% year-over-year to $151.0 million in Q1 2026; TTM through Mar 2026 was $63.0 million, a 176.83% increase from a year earlier, with the FY2025 full-year figure at $48.0 million, up 139.02% from the prior year.
  • Change in Receivables advanced to $151.0 million in Q1 2026 per GBTG's latest filing, from -$81.0 million in the prior quarter.
  • Across five years, Change in Receivables topped out at $189.0 million in Q1 2022 and bottomed at -$158.0 million in Q4 2023.
  • The 5-year median for Change in Receivables is $6.0 million (2025), against an average of $26.7 million.
  • Across the five-year window, Change in Receivables surged 288.24% in 2022 and plunged 383.33% in 2024, its largest moves.
  • Year by year, Change in Receivables stood at -$51.0 million in 2022, then plunged by 209.8% to -$158.0 million in 2023, then surged by 37.34% to -$99.0 million in 2024, then increased by 18.18% to -$81.0 million in 2025, then soared by 286.42% to $151.0 million in 2026.
  • Per Business Quant, the three latest GBTG Change in Receivables figures stand at $151.0 million (Q1 2026), -$81.0 million (Q4 2025), and $6.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Receivables (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn -155.00 Mn
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 173.00 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 -
6 Carnival 34.61 Bn 32.38 Bn - -25.00 Mn
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn 1.01 Bn
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn -13.69 Mn
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn -
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn 151.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 151.00 Mn
Mar 31, 2026 151.00 Mn
Dec 31, 2025 -81.00 Mn
Dec 31, 2025 -81.00 Mn
Sep 30, 2025 6.00 Mn
Sep 30, 2025 6.00 Mn
Jun 30, 2025 -13.00 Mn
Jun 30, 2025 -13.00 Mn
Mar 31, 2025 136.00 Mn
Mar 31, 2025 136.00 Mn
Dec 31, 2024 -99.00 Mn
Dec 31, 2024 -99.00 Mn
Sep 30, 2024 -34.00 Mn
Sep 30, 2024 -34.00 Mn
Jun 30, 2024 -85.00 Mn
Jun 30, 2024 -85.00 Mn
Mar 31, 2024 95.00 Mn
Mar 31, 2024 95.00 Mn
Dec 31, 2023 -158.00 Mn
Dec 31, 2023 -158.00 Mn