Global Business Travel (GBTG) EBITDA Margin (2021 - 2026)
Global Business Travel (GBTG) posted EBITDA Margin of 2.76% for Q2 2026, up 672.41% on a QoQ basis from 0.36% in Q1 2026, and down 263.0% year-over-year from 1.69% in Q2 2025.
Analysis
Global Business Travel (GBTG) EBITDA Margin (2021 - 2026) Analysis & Trends
Global Business Travel has reported EBITDA Margin for 6 years, with the latest figure at 2.76% in Q2 2026.
- On a quarterly basis, EBITDA Margin fell 263.0% year-over-year to 2.76% in Q2 2026; TTM through Jun 2026 was 2.14%, a 384.0% decrease from a year earlier, with the FY2025 full-year figure at 4.78%, up 4.0% from the prior year.
- EBITDA Margin was 2.76% for Q2 2026 at Global Business Travel, up from 0.36% in the prior quarter.
- The five-year high for EBITDA Margin was 8.86% in Q1 2025, with the low at 27.43% in Q1 2022.
- Average EBITDA Margin over 5 years is 0.41%, with a median of 1.16% recorded in 2023.
- The sharpest annual moves came in 2022 and 2026: EBITDA Margin jumped 7060 bps in 2022, then slumped 850 bps in 2026.
- Over 5 years, EBITDA Margin stood at 7.21% in 2022, then soared by 108 bps to 0.55% in 2023, then jumped by 829 bps to 5.08% in 2024, then decreased by 28 bps to 3.66% in 2025, then slipped by 25 bps to 2.76% in 2026.
- The last three EBITDA Margin figures came in at 2.76% (Q2 2026), 0.36% (Q1 2026), and 3.66% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trip.com | 26.65 Bn | 15.19 Bn | 1.86 Bn | 29.83% |
| 2 | Yatra Online | 6.38 Bn | 6.42 Bn | 12.97 Mn | 11.49% |
| 3 | Global Business Travel | 4.95 Bn | 4.48 Bn | 514.00 Mn | 2.76% |
| 4 | Ambitions Enterprise Management Co. L.L.C | 36.55 Mn | 33.39 Mn | - | - |
| 5 | JX Luxventure | 5.82 Mn | 5.11 Mn | - | - |
| 6 | Maitong Sunshine Cultural Development | 1.92 Mn | 1.91 Mn | - | - |
| 7 | Wetour Robotics | 560,999.99 | 377,549.02 | - | - |
| 8 | Tuniu | 5.03 | -154.31 Mn | 11.27 Mn | -4.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.76% |
| Mar 31, 2026 | 0.36% |
| Dec 31, 2025 | 3.66% |
| Sep 30, 2025 | 1.78% |
| Jun 30, 2025 | 5.39% |
| Mar 31, 2025 | 8.86% |
| Dec 31, 2024 | 5.08% |
| Sep 30, 2024 | 4.52% |
| Jun 30, 2024 | 6.72% |
| Mar 31, 2024 | 2.62% |
| Dec 31, 2023 | 0.55% |
| Sep 30, 2023 | -0.70% |
| Jun 30, 2023 | 0.34% |
| Mar 31, 2023 | -1.56% |
| Dec 31, 2022 | -7.21% |
| Sep 30, 2022 | -9.22% |
| Jun 30, 2022 | -3.91% |
| Mar 31, 2022 | -27.43% |
| Dec 31, 2021 | -67.25% |
| Sep 30, 2021 | -62.94% |