Global Business Travel (GBTG) EBITDA (2021 - 2026)

Global Business Travel (GBTG) recorded quarterly EBITDA of $3.0 million in Q1 2026, down 89.66% quarter-over-quarter from $29.0 million in Q4 2025, and down 94.55% on a YoY basis from $55.0 million in Q1 2025.

Global Business Travel (GBTG) EBITDA (2021 - 2026) Analysis & Trends

Global Business Travel's EBITDA history runs 6 years deep, the most recent figure standing at $3.0 million for Q1 2026.

  • In Q1 2026, EBITDA fell 94.55% year-over-year to $3.0 million; the TTM figure through Mar 2026 stood at $78.0 million (down 49.35% YoY), while the FY2025 annual figure was $130.0 million, up 13.04% from the prior year.
  • EBITDA was $3.0 million for Q1 2026 at Global Business Travel, down from $29.0 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $55.0 million in Q1 2025 to a low of -$96.0 million in Q1 2022.
  • Historically, EBITDA has averaged $2.5 million across 5 years, with a median of $3.0 million in 2023.
  • The sharpest annual moves came in 2024 and 2026: EBITDA surged 2000.0% in 2024, then slumped 94.55% in 2026.
  • A 5-year view of EBITDA shows it stood at -$38.0 million in 2022, then jumped by 107.89% to $3.0 million in 2023, then soared by 900.0% to $30.0 million in 2024, then retreated by 3.33% to $29.0 million in 2025, then sank by 89.66% to $3.0 million in 2026.
  • The last three EBITDA figures came in at $3.0 million (Q1 2026), $29.0 million (Q4 2025), and $12.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 1.27 Bn
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 86.00 Mn
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 1.16 Bn
4 Carnival 37.80 Bn 36.39 Bn - 607.00 Mn
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 472.00 Mn
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 232.94 Mn
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 3.00 Mn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 159.00 Mn
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 490.00 Mn
10 MakeMyTrip 2.12 Bn 1.35 Bn - -11.48 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 3.00 Mn
Dec 31, 2025 29.00 Mn
Sep 30, 2025 12.00 Mn
Jun 30, 2025 34.00 Mn
Mar 31, 2025 55.00 Mn
Dec 31, 2024 30.00 Mn
Sep 30, 2024 27.00 Mn
Jun 30, 2024 42.00 Mn
Mar 31, 2024 16.00 Mn
Dec 31, 2023 3.00 Mn
Sep 30, 2023 -4.00 Mn
Jun 30, 2023 2.00 Mn
Mar 31, 2023 -9.00 Mn
Dec 31, 2022 -38.00 Mn
Sep 30, 2022 -45.00 Mn
Jun 30, 2022 -19.00 Mn
Mar 31, 2022 -96.00 Mn
Dec 31, 2021 -193.00 Mn
Sep 30, 2021 -124.00 Mn
Jun 30, 2021 -114.00 Mn