Global Business Travel (GBTG) Debt Ratio (2020 - 2026)
Global Business Travel's (GBTG) quarterly Debt Ratio came in at 0.3 in Q1 2026, down 18.32% year-on-year from 0.37 in Q1 2025, and up 3.55% quarter-over-quarter from 0.29 in Q4 2025.
Global Business Travel (GBTG) Debt Ratio (2020 - 2026) Analysis & Trends
Global Business Travel's Debt Ratio history runs 7 years deep, the most recent figure standing at 0.3 for Q1 2026.
- On a quarterly basis, Debt Ratio fell 18.32% year-over-year to 0.3 in Q1 2026; TTM through Mar 2026 was 0.3, a 18.32% decrease from a year earlier, with the FY2025 full-year figure at 0.29, down 25.49% from the prior year.
- Debt Ratio rose to 0.3 in Q1 2026 per GBTG's latest filing, from 0.29 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.39 in Q4 2024 and bottomed at 0.01 in Q1 2022.
- The 5-year median for Debt Ratio is 0.34 (2023), against an average of 0.32.
- Across the five-year window, Debt Ratio jumped 6399466.61% in 2022 and slipped 25.49% in 2025, its largest moves.
- Year by year, Debt Ratio stood at 0.33 in 2022, then rose by 10.77% to 0.36 in 2023, then grew by 6.62% to 0.39 in 2024, then declined by 25.49% to 0.29 in 2025, then grew by 3.55% to 0.3 in 2026.
- Per Business Quant, the three latest GBTG Debt Ratio figures stand at 0.3 (Q1 2026), 0.29 (Q4 2025), and 0.3 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 0.66 |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 0.50 |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 0.09 |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 0.06 |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 0.45 |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 0.48 |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 0.17 |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 0.64 |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | - |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 0.30 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.30 |
| Dec 31, 2025 | 0.29 |
| Sep 30, 2025 | 0.30 |
| Jun 30, 2025 | 0.36 |
| Mar 31, 2025 | 0.37 |
| Dec 31, 2024 | 0.39 |
| Sep 30, 2024 | 0.37 |
| Jun 30, 2024 | 0.36 |
| Mar 31, 2024 | 0.36 |
| Dec 31, 2023 | 0.36 |
| Sep 30, 2023 | 0.35 |
| Jun 30, 2023 | 0.34 |
| Mar 31, 2023 | 0.34 |
| Dec 31, 2022 | 0.33 |
| Sep 30, 2022 | 0.33 |
| Jun 30, 2022 | 0.32 |
| Mar 31, 2022 | 0.01 |
| Dec 31, 2021 | 0.27 |
| Sep 30, 2021 | 0.00 |
| Jun 30, 2021 | 0.00 |