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| Date | Value |
|---|---|
| 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 |