Global Business Travel (GBTG) Equity Ratio (2019 - 2026)

Global Business Travel (GBTG) recorded quarterly Equity Ratio of 0.32 in Q1 2026, down 3.09% quarter-over-quarter from 0.33 in Q4 2025, and up 6.73% on a YoY basis from 0.3 in Q1 2025.

Global Business Travel (GBTG) Equity Ratio (2019 - 2026) Analysis & Trends

Global Business Travel's Equity Ratio history runs 8 years deep, the most recent figure standing at 0.32 for Q1 2026.

  • In Q1 2026, Equity Ratio rose 6.73% year-over-year to 0.32; the TTM figure through Mar 2026 stood at 0.32 (up 6.73% YoY), while the FY2025 annual figure was 0.33, up 12.43% from the prior year.
  • Equity Ratio was 0.32 for Q1 2026 at Global Business Travel, down from 0.33 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 1.51 in Q1 2022 to a low of 0.29 in Q4 2024.
  • Historically, Equity Ratio has averaged 0.39 across 5 years, with a median of 0.32 in 2024.
  • The sharpest annual moves came in 2022 and 2023: Equity Ratio surged 43.38% in 2022, then sank 77.3% in 2023.
  • A 5-year view of Equity Ratio shows it stood at 0.37 in 2022, then retreated by 12.14% to 0.32 in 2023, then decreased by 9.73% to 0.29 in 2024, then climbed by 12.43% to 0.33 in 2025, then decreased by 3.09% to 0.32 in 2026.
  • The last three Equity Ratio figures came in at 0.32 (Q1 2026), 0.33 (Q4 2025), and 0.32 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn -0.31
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 0.28
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 0.23
4 Carnival 37.80 Bn 36.39 Bn - 0.25
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 0.07
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 0.10
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 0.32
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn -0.15
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 0.64
10 MakeMyTrip 2.12 Bn 1.35 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 0.32
Dec 31, 2025 0.33
Sep 30, 2025 0.32
Jun 30, 2025 0.31
Mar 31, 2025 0.30
Dec 31, 2024 0.29
Sep 30, 2024 0.29
Jun 30, 2024 0.32
Mar 31, 2024 0.31
Dec 31, 2023 0.32
Sep 30, 2023 0.32
Jun 30, 2023 0.34
Mar 31, 2023 0.34
Dec 31, 2022 0.37
Sep 30, 2022 0.32
Jun 30, 2022 0.33
Mar 31, 2022 1.51
Dec 31, 2021 0.35
Sep 30, 2021 0.85
Jun 30, 2021 0.99