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
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