Global Business Travel (GBTG) EBT Margin (2021 - 2026)
Global Business Travel (GBTG) posted quarterly EBT Margin of 1.31% for Q1 2026, down 1415.0% year-over-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.
- 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 for Q1 2026 stood at 1.31%, down from 7.2% in the prior quarter.
- The five-year high for EBT Margin was 15.46% in Q1 2025, with the low at 32.86% in Q1 2022.
- The 5-year median for EBT Margin is 1.75% (2023), against an average of 4.74%.
- The sharpest annual moves came in 2022 and 2026: EBT Margin soared 8198 bps in 2022, then plunged 1415 bps in 2026.
- Global Business Travel's EBT Margin stood at 16.13% in 2022, then soared by 51 bps to 7.83% in 2023, then surged by 87 bps to 1.02% in 2024, then soared by 809 bps to 7.2% in 2025, then plunged by 82 bps to 1.31% in 2026.
- Business Quant data shows GBTG's EBT Margin at 1.31% in Q1 2026, 7.2% in Q4 2025, and 5.93% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 34.82% |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 24.86% |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 23.80% |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 17.70% |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 8.33% |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 23.80% |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 28.21% |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 8.56% |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 5.41% |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 1.72% |
Historic Data
Download 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% |