Global Business Travel (GBTG) Deferred Taxes (2021 - 2026)
Global Business Travel (GBTG) recorded quarterly Deferred Taxes of -$28.0 million in Q1 2026, up 15.15% quarter-over-quarter from -$33.0 million in Q4 2025, and down 1033.33% on a YoY basis from $3.0 million in Q1 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.
- In Q1 2026, Deferred Taxes fell 1033.33% year-over-year to -$28.0 million; the TTM figure through Mar 2026 stood at -$46.0 million (down 330.0% YoY), while the FY2025 annual figure was -$15.0 million, down 144.12% from the prior year.
- Deferred Taxes was -$28.0 million for Q1 2026 at Global Business Travel, up from -$33.0 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $17.0 million in Q1 2024 to a low of -$33.0 million in Q4 2025.
- Historically, Deferred Taxes has averaged -$6.1 million across 5 years, with a median of -$5.0 million in 2022.
- The sharpest annual moves came in 2024 and 2026: Deferred Taxes surged 666.67% in 2024, then slumped 1033.33% in 2026.
- A 5-year view of Deferred Taxes shows it 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 plunged by 760.0% to -$33.0 million in 2025, then advanced by 15.15% to -$28.0 million in 2026.
- The last three Deferred Taxes figures came in at -$28.0 million (Q1 2026), -$33.0 million (Q4 2025), and $8.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 54.00 Mn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 147.00 Mn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | -1.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | - |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 1.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | - |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -28.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 29.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | - |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | - |
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 |