Global Business Travel (GBTG) EBT Margin (2021 - 2026)
Global Business Travel (GBTG) recorded quarterly EBT Margin of 1.31% in Q1 2026, down 81.8% quarter-over-quarter from 7.2% in Q4 2025, and down 1415.0% on a YoY basis from 0.1% in Q1 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.
- In Q1 2026, EBT Margin fell 1415.0% year-over-year to 1.31%; the TTM figure through Mar 2026 stood at 2.11% (up 141.0% YoY), while the FY2025 annual figure was 5.41%, up 834.0% from the prior year.
- EBT Margin was 1.31% for Q1 2026 at Global Business Travel, down from 7.2% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 15.46% in Q1 2025 to a low of 32.86% in Q1 2022.
- Historically, EBT Margin has averaged 4.74% across 5 years, with a median of 1.75% in 2023.
- The sharpest annual moves came in 2022 and 2026: EBT Margin jumped 8198 bps in 2022, then sank 1415 bps in 2026.
- A 5-year view of EBT Margin shows it 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 sank by 82 bps to 1.31% in 2026.
- The last three EBT Margin figures came in at 1.31% (Q1 2026), 7.2% (Q4 2025), and 5.93% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 25.29% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 10.49% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 21.92% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 4.54% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 0.73% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 4.62% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 1.31% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 11.24% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 17.22% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 12.11% |
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% |