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| Date | Value |
|---|---|
| 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 |