Global Business Travel (GBTG) Cost of Revenue (2021 - 2026)

Global Business Travel's Cost of Revenue history runs 6 years deep, the most recent figure standing at $126.0 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 22.33% year-over-year to $126.0 million; the TTM figure through Mar 2026 stood at $206.0 million (down 75.03% YoY), while the FY2025 annual figure was $442.0 million, down 54.29% from the prior year.
• Cost of Revenue was $126.0 million for Q1 2026 at Global Business Travel, up from -$301.0 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $270.0 million in Q3 2025 to a low of -$301.0 million in Q4 2025.
• Historically, Cost of Revenue has averaged $149.3 million across 5 years, with a median of $173.0 million in 2022.
• The sharpest annual moves came in 2023 and 2025: Cost of Revenue surged 176.74% in 2023, then tumbled 226.47% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $242.0 million in 2022, then tumbled by 61.16% to $94.0 million in 2023, then jumped by 153.19% to $238.0 million in 2024, then sank by 226.47% to -$301.0 million in 2025, then surged by 141.86% to $126.0 million in 2026.
• The last three Cost of Revenue figures came in at $126.0 million (Q1 2026), -$301.0 million (Q4 2025), and $270.0 million (Q3 2025), per Business Quant data.