Global Business Travel (GBTG) Deferred Taxes (2021 - 2026)
Global Business Travel's (GBTG) quarterly Deferred Taxes came in at -$28.0 million in Q1 2026, down 1033.33% year-on-year from $3.0 million in Q1 2025, and up 15.15% quarter-over-quarter from -$33.0 million in Q4 2025.
Global Business Travel (GBTG) Deferred Taxes (2021 - 2026) Analysis & Trends
Global Business Travel's Deferred Taxes history runs 6 years deep, the most recent figure standing at -$28.0 million for Q1 2026.
- On a quarterly basis, Deferred Taxes fell 1033.33% year-over-year to -$28.0 million in Q1 2026; TTM through Mar 2026 was -$46.0 million, a 330.0% decrease from a year earlier, with the FY2025 full-year figure at -$15.0 million, down 144.12% from the prior year.
- Deferred Taxes grew to -$28.0 million in Q1 2026 per GBTG's latest filing, from -$33.0 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $17.0 million in Q1 2024 and bottomed at -$33.0 million in Q4 2025.
- The 5-year median for Deferred Taxes is -$5.0 million (2022), against an average of -$6.1 million.
- Across the five-year window, Deferred Taxes jumped 666.67% in 2024 and slumped 1033.33% in 2026, its largest moves.
- Year by year, Deferred Taxes stood at -$24.0 million in 2022, then soared by 41.67% to -$14.0 million in 2023, then soared by 135.71% to $5.0 million in 2024, then slumped by 760.0% to -$33.0 million in 2025, then advanced by 15.15% to -$28.0 million in 2026.
- Per Business Quant, the three latest GBTG Deferred Taxes figures stand at -$28.0 million (Q1 2026), -$33.0 million (Q4 2025), and $8.0 million (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 54.00 Mn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | -1.00 Mn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 147.00 Mn |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | - |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 3.93 Mn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | - |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 1.00 Mn |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | - |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | - |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | -28.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -28.00 Mn |
| Dec 31, 2025 | -33.00 Mn |
| Sep 30, 2025 | 8.00 Mn |
| Jun 30, 2025 | 7.00 Mn |
| Mar 31, 2025 | 3.00 Mn |
| Dec 31, 2024 | 5.00 Mn |
| Sep 30, 2024 | 17.00 Mn |
| Jun 30, 2024 | -5.00 Mn |
| Mar 31, 2024 | 17.00 Mn |
| Dec 31, 2023 | -14.00 Mn |
| Sep 30, 2023 | -3.00 Mn |
| Jun 30, 2023 | -4.00 Mn |
| Mar 31, 2023 | -9.00 Mn |
| Dec 31, 2022 | -24.00 Mn |
| Sep 30, 2022 | -10.00 Mn |
| Jun 30, 2022 | -5.00 Mn |
| Mar 31, 2022 | -26.00 Mn |
| Dec 31, 2021 | -52.00 Mn |
| Sep 30, 2021 | -29.00 Mn |