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

Global Business Travel's (GBTG) quarterly EBT came in at $11.0 million in Q1 2026, down 88.54% year-on-year from $96.0 million in Q1 2025, and down 80.7% quarter-over-quarter from $57.0 million in Q4 2025.

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

Global Business Travel's EBT history runs 6 years deep, the most recent figure standing at $11.0 million for Q1 2026.

  • On a quarterly basis, EBT fell 88.54% year-over-year to $11.0 million in Q1 2026; TTM through Mar 2026 was $62.0 million, a 264.71% increase from a year earlier, with the FY2025 full-year figure at $147.0 million, up 307.04% from the prior year.
  • EBT declined to $11.0 million in Q1 2026 per GBTG's latest filing, from $57.0 million in the prior quarter.
  • Across five years, EBT topped out at $96.0 million in Q1 2025 and bottomed at -$115.0 million in Q1 2022.
  • The 5-year median for EBT is -$10.0 million (2023), against an average of -$20.3 million.
  • Across the five-year window, EBT tumbled 1040.0% in 2023 and surged 3300.0% in 2025, its largest moves.
  • Year by year, EBT stood at -$85.0 million in 2022, then surged by 49.41% to -$43.0 million in 2023, then jumped by 86.05% to -$6.0 million in 2024, then soared by 1050.0% to $57.0 million in 2025, then sank by 80.7% to $11.0 million in 2026.
  • Per Business Quant, the three latest GBTG EBT figures stand at $11.0 million (Q1 2026), $57.0 million (Q4 2025), and -$40.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 1.40 Bn
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 976.00 Mn
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn 281.00 Mn
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn -1.82 Mn
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn 305.29 Mn
6 Carnival 34.61 Bn 32.38 Bn - 555.00 Mn
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn 25.00 Mn
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn 107.66 Mn
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn 30.28 Mn
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn 11.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 11.00 Mn
Dec 31, 2025 57.00 Mn
Sep 30, 2025 -40.00 Mn
Jun 30, 2025 34.00 Mn
Mar 31, 2025 96.00 Mn
Dec 31, 2024 -6.00 Mn
Sep 30, 2024 -74.00 Mn
Jun 30, 2024 1.00 Mn
Mar 31, 2024 8.00 Mn
Dec 31, 2023 -43.00 Mn
Sep 30, 2023 -10.00 Mn
Jun 30, 2023 -57.00 Mn
Mar 31, 2023 -35.00 Mn
Dec 31, 2022 -85.00 Mn
Sep 30, 2022 -82.00 Mn
Jun 30, 2022 -5.00 Mn
Mar 31, 2022 -115.00 Mn
Dec 31, 2021 -254.00 Mn
Sep 30, 2021 -137.00 Mn
Jun 30, 2021 -127.00 Mn