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Global Business Travel (GBTG) Cost of Revenue (2021 - 2025)

Global Business Travel (GBTG) has 5 years of Cost of Revenue data on record, last reported at $473.0 million in Q4 2025.

  • For Q4 2025, Cost of Revenue fell 29.4% year-over-year to $473.0 million; the TTM value through Dec 2025 reached $1.1 billion, up 12.2%, while the annual FY2025 figure was $1.1 billion, 12.2% up from the prior year.
  • Cost of Revenue reached $473.0 million in Q4 2025 per GBTG's latest filing, up from $270.0 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $670.0 million in Q4 2024 and bottomed at -$252.0 million in Q4 2022.
  • Average Cost of Revenue over 5 years is $205.4 million, with a median of $224.5 million recorded in 2022.
  • Peak YoY movement for Cost of Revenue: crashed 144.66% in 2022, then skyrocketed 362.3% in 2023.
  • A 5-year view of Cost of Revenue shows it stood at -$103.0 million in 2021, then crashed by 144.66% to -$252.0 million in 2022, then surged by 362.3% to $661.0 million in 2023, then grew by 1.36% to $670.0 million in 2024, then decreased by 29.4% to $473.0 million in 2025.
  • Per Business Quant database, its latest 3 readings for Cost of Revenue were $473.0 million in Q4 2025, $270.0 million in Q3 2025, and $111.0 million in Q2 2025.