Global Business Travel (GBTG) Debt to Equity (2020 - 2026)
Global Business Travel (GBTG) recorded quarterly Debt to Equity of $0.94 in Q1 2026, up 6.85% quarter-over-quarter from $0.88 in Q4 2025, and down 23.46% on a YoY basis from $1.23 in Q1 2025.
Global Business Travel (GBTG) Debt to Equity (2020 - 2026) Analysis & Trends
Global Business Travel's Debt to Equity history runs 7 years deep, the most recent figure standing at $0.94 for Q1 2026.
- In Q1 2026, Debt to Equity fell 23.46% year-over-year to $0.94; the TTM figure through Mar 2026 stood at $0.94 (down 23.46% YoY), while the FY2025 annual figure was $0.88, down 32.82% from the prior year.
- Debt to Equity was $0.94 for Q1 2026 at Global Business Travel, up from $0.88 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $1.31 in Q4 2024 to a low of $0.01 in Q1 2022.
- Historically, Debt to Equity has averaged $1.0 across 5 years, with a median of $1.04 in 2022.
- The sharpest annual moves came in 2022 and 2025: Debt to Equity surged 38974.39% in 2022, then tumbled 32.82% in 2025.
- A 5-year view of Debt to Equity shows it stood at $0.89 in 2022, then gained by 26.08% to $1.12 in 2023, then climbed by 16.52% to $1.31 in 2024, then sank by 32.82% to $0.88 in 2025, then advanced by 6.85% to $0.94 in 2026.
- The last three Debt to Equity figures came in at $0.94 (Q1 2026), $0.88 (Q4 2025), and $0.91 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | -2.11 |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 0.32 |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 2.01 |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 1.94 |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 2.43 |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 6.23 |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 0.94 |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | - |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 0.18 |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.94 |
| Dec 31, 2025 | 0.88 |
| Sep 30, 2025 | 0.91 |
| Jun 30, 2025 | 1.14 |
| Mar 31, 2025 | 1.23 |
| Dec 31, 2024 | 1.31 |
| Sep 30, 2024 | 1.25 |
| Jun 30, 2024 | 1.12 |
| Mar 31, 2024 | 1.16 |
| Dec 31, 2023 | 1.12 |
| Sep 30, 2023 | 1.08 |
| Jun 30, 2023 | 1.01 |
| Mar 31, 2023 | 1.00 |
| Dec 31, 2022 | 0.89 |
| Sep 30, 2022 | 1.04 |
| Jun 30, 2022 | 0.96 |
| Mar 31, 2022 | 0.01 |
| Dec 31, 2021 | 0.77 |
| Sep 30, 2021 | 0.00 |
| Jun 30, 2021 | 0.00 |