Global Business Travel (GBTG) EBT Margin (2021 - 2026)
Global Business Travel (GBTG) posted EBT Margin of 1.72% for Q2 2026, down 3.66 percentage points from 5.39% a year earlier but up 0.41 percentage points from the prior quarter.
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Analysis
Global Business Travel (GBTG) EBT Margin (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBT Margin at Global Business Travel was 1.35%, down 0.70 percentage points year-over-year; for FY2025, it was 5.41%, up 8.34 percentage points from FY2024.
- Annual EBT Margin has increased for five consecutive years, with a five-year change of +101.12 percentage points (FY2020 to FY2025).
- In prior years, Global Business Travel's EBT Margin was -2.93% in FY2024 (+3.40 pp), -6.33% in FY2023 (+9.17 pp), -15.51% in FY2022 (+70.08 pp) and -85.58% in FY2021 (+10.13 pp).
- Quarterly EBT Margin has run from a low of -88.50% in Q4 2021 to a high of 15.46% in Q1 2025 over five years.
- On a year-over-year basis, EBT Margin increased in five of the last eight quarters, with an average year-over-year change of +1.55 percentage points.
- The strongest year-over-year quarter for EBT Margin in the past five years was Q2 2022, with a gain of 81.98 percentage points; the weakest was Q1 2026, with a drop of 14.15 percentage points.
- According to Business Quant data, EBT Margin for the three prior quarters was 1.31% (Q1 2026), 7.20% (Q4 2025) and -5.93% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 94.30 Bn | 92.35 Bn | 1.55 Bn | 14.76% |
| 2 | Hilton Worldwide Holdings | 73.03 Bn | 69.51 Bn | 3.08 Bn | 20.35% |
| 3 | Royal Caribbean Cruises | 69.73 Bn | 67.31 Bn | 2.29 Bn | 23.80% |
| 4 | Viking Holdings | 35.48 Bn | 20.60 Bn | 996.62 Mn | 27.14% |
| 5 | Carnival | 33.80 Bn | 27.01 Bn | - | 22.99% |
| 6 | Intercontinental Hotels | 26.86 Bn | 22.41 Bn | - | - |
| 7 | Trip.com | 25.10 Bn | -20.45 Bn | 1.84 Bn | -4.98% |
| 8 | Hyatt Hotels | 15.28 Bn | 12.76 Bn | 388.00 Mn | 9.95% |
| 9 | H World | 13.25 Bn | 4.18 Bn | - | 31.43% |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 1.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.72% |
| 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% |
API Access
Global Business Travel EBT 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=ebt-margin&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();