Global Business Travel (GBTG) EV to EBITDA (2023 - 2026)
Global Business Travel's (GBTG) EV to EBITDA stood at 15.13 in Q2 2026, up 94.8% from 7.77 a year earlier and up 74.3% from the prior quarter.
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Analysis
Global Business Travel (GBTG) EV to EBITDA (2023 - 2026) Analysis & Trends
On a TTM basis, Global Business Travel's EV to EBITDA came in at 10.68 as of Jun 30, 2026, up 310.9% year-over-year; for FY2025, it was 11.25, down 14.1% from FY2024.
- Across earlier years, EV to EBITDA came in at 13.11 in FY2024 (-3.5%) and 13.58 in FY2023.
- The Q2 2026 figure is the highest quarterly EV to EBITDA since Q2 2023.
- On a year-over-year basis, EV to EBITDA rose in two of the last eight quarters, with growth averaging 2.1%.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 94.8% in Q2 2026, against a decline of 79.3% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 8.68 (Q1 2026), 11.25 (Q4 2025) and 12.63 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - |
| 6 | Intercontinental Hotels | 26.49 Bn | 22.05 Bn | - |
| 7 | Trip.com | 25.40 Bn | -20.15 Bn | 1.84 Bn |
| 8 | Hyatt Hotels | 14.95 Bn | 12.43 Bn | 388.00 Mn |
| 9 | H World | 13.15 Bn | 4.07 Bn | - |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.13 |
| Mar 31, 2026 | 8.68 |
| Dec 31, 2025 | 11.25 |
| Sep 30, 2025 | 12.63 |
| Jun 30, 2025 | 7.77 |
| Mar 31, 2025 | 9.01 |
| Dec 31, 2024 | 13.11 |
| Sep 30, 2024 | 11.26 |
| Jun 30, 2024 | 10.40 |
| Mar 31, 2024 | 11.17 |
| Dec 31, 2023 | 13.58 |
| Sep 30, 2023 | 14.86 |
| Jun 30, 2023 | 42.74 |
| Mar 31, 2023 | 54.05 |
API Access
Global Business Travel EV to EBITDA 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=ev-to-ebitda&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();