Global Business Travel (GBTG) EBITDA Margin (2021 - 2026)
Global Business Travel's EBITDA Margin was 9.20% in Q2 2026, down 3.01 percentage points from 12.20% a year earlier but up 1.70 percentage points from the prior quarter.
Powered by 
Analysis
Global Business Travel (GBTG) EBITDA Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Global Business Travel's EBITDA Margin was 9.23% through Jun 30, 2026, down 3.56 percentage points year-over-year; for FY2025, it was 11.85%, down 0.25 percentage points from FY2024.
- EBITDA Margin shows a five-year change of +87.38 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 12.09% in FY2024 (+3.97 pp), 8.12% in FY2023 (+8.99 pp), -0.86% in FY2022 (+52.35 pp) and -53.21% in FY2021 (+22.32 pp).
- Quarterly EBITDA Margin has moved between -49.83% (Q4 2021) and 15.30% (Q1 2025) over five years.
- Compared with a year earlier, EBITDA Margin has declined for five straight quarters, with an average year-over-year change of -0.66 percentage points over the last eight quarters.
- The best year-over-year quarter for EBITDA Margin over five years was Q2 2022 (a gain of 56.33 percentage points); the worst was Q1 2026 (a drop of 7.80 percentage points).
- Per Business Quant data, GBTG's EBITDA Margin in the three quarters before Q2 2026 was 7.50% (Q1 2026), 11.24% (Q4 2025) and 9.05% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 94.30 Bn | 92.35 Bn | 1.55 Bn | 20.52% |
| 2 | Hilton Worldwide Holdings | 73.03 Bn | 69.51 Bn | 3.08 Bn | 27.66% |
| 3 | Royal Caribbean Cruises | 69.73 Bn | 67.31 Bn | 2.29 Bn | 36.65% |
| 4 | Viking Holdings | 35.48 Bn | 20.60 Bn | 996.62 Mn | 33.23% |
| 5 | Carnival | 33.80 Bn | 27.01 Bn | - | 35.26% |
| 6 | Intercontinental Hotels | 26.86 Bn | 22.41 Bn | - | - |
| 7 | Trip.com | 25.10 Bn | -20.45 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 15.28 Bn | 12.76 Bn | 388.00 Mn | -67.85% |
| 9 | H World | 13.25 Bn | 4.18 Bn | - | 35.47% |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 9.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.20% |
| Mar 31, 2026 | 7.50% |
| Dec 31, 2025 | 11.24% |
| Sep 30, 2025 | 9.05% |
| Jun 30, 2025 | 12.20% |
| Mar 31, 2025 | 15.30% |
| Dec 31, 2024 | 11.84% |
| Sep 30, 2024 | 11.73% |
| Jun 30, 2024 | 14.40% |
| Mar 31, 2024 | 10.33% |
| Dec 31, 2023 | 9.47% |
| Sep 30, 2023 | 8.06% |
| Jun 30, 2023 | 8.61% |
| Mar 31, 2023 | 6.40% |
| Dec 31, 2022 | 1.90% |
| Jun 30, 2022 | 5.35% |
| Mar 31, 2022 | -14.86% |
| Dec 31, 2021 | -49.83% |
| Sep 30, 2021 | -45.69% |
| Jun 30, 2021 | -50.98% |
API Access
Global Business Travel EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "GBTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();