Global Business Travel (GBTG) Cost of Revenue (2021 - 2026)
Global Business Travel (GBTG) posted Cost of Revenue of $356.0 million for Q2 2026, up 1.71% on a QoQ basis from $350.0 million in Q1 2026, and up 47.11% year-over-year from $242.0 million in Q2 2025.
Analysis
Global Business Travel (GBTG) Cost of Revenue (2021 - 2026) Analysis & Trends
Global Business Travel has reported Cost of Revenue for 6 years, with the latest figure at $356.0 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 47.11% year-over-year to $356.0 million in Q2 2026; TTM through Jun 2026 was $1.3 billion, a 39.03% increase from a year earlier, with the FY2025 full-year figure at $1.1 billion, up 12.2% from the prior year.
- Cost of Revenue was $356.0 million for Q2 2026 at Global Business Travel, up from $350.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $356.0 million in Q2 2026, with the low at $173.0 million in Q1 2022.
- Average Cost of Revenue over 5 years is $252.8 million, with a median of $242.0 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue jumped 109.47% in 2022, then fell 5.71% in 2025.
- Over 5 years, Cost of Revenue stood at $242.0 million in 2022, then retreated by 1.65% to $238.0 million in 2023, then changed by 0.0% to $238.0 million in 2024, then soared by 43.7% to $342.0 million in 2025, then advanced by 4.09% to $356.0 million in 2026.
- The last three Cost of Revenue figures came in at $356.0 million (Q2 2026), $350.0 million (Q1 2026), and $342.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Trip.com | 26.65 Bn | 15.19 Bn | 1.86 Bn | 483.00 Mn |
| 2 | Yatra Online | 6.38 Bn | 6.42 Bn | 12.97 Mn | 6.88 Mn |
| 3 | Global Business Travel | 4.95 Bn | 4.48 Bn | 514.00 Mn | 356.00 Mn |
| 4 | Ambitions Enterprise Management Co. L.L.C | 36.55 Mn | 33.39 Mn | - | - |
| 5 | JX Luxventure | 5.82 Mn | 5.11 Mn | - | - |
| 6 | Maitong Sunshine Cultural Development | 1.92 Mn | 1.91 Mn | - | - |
| 7 | Wetour Robotics | 560,999.99 | 377,549.02 | - | - |
| 8 | Tuniu | 5.03 | -154.31 Mn | 11.27 Mn | 9.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 356.00 Mn |
| Mar 31, 2026 | 350.00 Mn |
| Dec 31, 2025 | 342.00 Mn |
| Sep 30, 2025 | 270.00 Mn |
| Jun 30, 2025 | 242.00 Mn |
| Mar 31, 2025 | 231.00 Mn |
| Dec 31, 2024 | 238.00 Mn |
| Sep 30, 2024 | 237.00 Mn |
| Jun 30, 2024 | 247.00 Mn |
| Mar 31, 2024 | 245.00 Mn |
| Dec 31, 2023 | 238.00 Mn |
| Sep 30, 2023 | 238.00 Mn |
| Jun 30, 2023 | 243.00 Mn |
| Mar 31, 2023 | 242.00 Mn |
| Dec 31, 2022 | 242.00 Mn |
| Sep 30, 2022 | 218.00 Mn |
| Jun 30, 2022 | 199.00 Mn |
| Mar 31, 2022 | 173.00 Mn |
| Dec 31, 2021 | 173.00 Mn |
| Sep 30, 2021 | 127.00 Mn |