Global Business Travel (GBTG) EBT (2021 - 2026)
Global Business Travel (GBTG) recorded quarterly EBT of $11.0 million in Q1 2026, down 80.7% quarter-over-quarter from $57.0 million in Q4 2025, and down 88.54% on a YoY basis from $96.0 million in Q1 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.
- In Q1 2026, EBT fell 88.54% year-over-year to $11.0 million; the TTM figure through Mar 2026 stood at $62.0 million (up 264.71% YoY), while the FY2025 annual figure was $147.0 million, up 307.04% from the prior year.
- EBT was $11.0 million for Q1 2026 at Global Business Travel, down from $57.0 million in the prior quarter.
- In the past five years, EBT ranged from a high of $96.0 million in Q1 2025 to a low of -$115.0 million in Q1 2022.
- Historically, EBT has averaged -$20.3 million across 5 years, with a median of -$10.0 million in 2023.
- The sharpest annual moves came in 2023 and 2025: EBT tumbled 1040.0% in 2023, then soared 3300.0% in 2025.
- A 5-year view of EBT shows it 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 tumbled by 80.7% to $11.0 million in 2026.
- The last three EBT figures came in at $11.0 million (Q1 2026), $57.0 million (Q4 2025), and -$40.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 1.40 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 281.00 Mn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 976.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 280.00 Mn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 25.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 107.66 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 11.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 108.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 380.00 Mn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 30.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |