Global Business Travel (GBTG) EBT Margin (2021 - 2026)
Global Business Travel's (GBTG) quarterly EBT Margin came in at 1.31% in Q1 2026, down 1415.0% year-on-year from 0.1% in Q1 2025, and down 81.8% quarter-over-quarter from 7.2% in Q4 2025.
Global Business Travel (GBTG) EBT Margin (2021 - 2026) Analysis & Trends
Global Business Travel's EBT Margin history runs 6 years deep, the most recent figure standing at 1.31% for Q1 2026.
- On a quarterly basis, EBT Margin fell 1415.0% year-over-year to 1.31% in Q1 2026; TTM through Mar 2026 was 2.11%, a 141.0% increase from a year earlier, with the FY2025 full-year figure at 5.41%, up 834.0% from the prior year.
- EBT Margin slipped to 1.31% in Q1 2026 per GBTG's latest filing, from 7.2% in the prior quarter.
- Across five years, EBT Margin topped out at 15.46% in Q1 2025 and bottomed at 32.86% in Q1 2022.
- The 5-year median for EBT Margin is 1.75% (2023), against an average of 4.74%.
- Across the five-year window, EBT Margin soared 8198 bps in 2022 and sank 1415 bps in 2026, its largest moves.
- Year by year, EBT Margin stood at 16.13% in 2022, then jumped by 51 bps to 7.83% in 2023, then soared by 87 bps to 1.02% in 2024, then jumped by 809 bps to 7.2% in 2025, then tumbled by 82 bps to 1.31% in 2026.
- Per Business Quant, the three latest GBTG EBT Margin figures stand at 1.31% (Q1 2026), 7.2% (Q4 2025), and 5.93% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 25.29% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 21.92% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 10.49% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -9.64% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 17.70% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 8.33% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 0.73% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 4.62% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 12.11% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 1.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.31% |
| Dec 31, 2025 | 7.20% |
| Sep 30, 2025 | -5.93% |
| Jun 30, 2025 | 5.39% |
| Mar 31, 2025 | 15.46% |
| Dec 31, 2024 | -1.02% |
| Sep 30, 2024 | -12.40% |
| Jun 30, 2024 | 0.16% |
| Mar 31, 2024 | 1.31% |
| Dec 31, 2023 | -7.83% |
| Sep 30, 2023 | -1.75% |
| Jun 30, 2023 | -9.63% |
| Mar 31, 2023 | -6.06% |
| Dec 31, 2022 | -16.13% |
| Sep 30, 2022 | -16.80% |
| Jun 30, 2022 | -1.03% |
| Mar 31, 2022 | -32.86% |
| Dec 31, 2021 | -88.50% |
| Sep 30, 2021 | -69.54% |
| Jun 30, 2021 | -83.01% |