Global Business Travel (GBTG) Exchange Rate Effect (2021 - 2026)
Global Business Travel (GBTG) recorded quarterly Exchange Rate Effect of -$6.0 million in Q1 2026, down 200.0% quarter-over-quarter from -$2.0 million in Q4 2025, and down 200.0% on a YoY basis from $6.0 million in Q1 2025.
Global Business Travel (GBTG) Exchange Rate Effect (2021 - 2026) Analysis & Trends
Global Business Travel's Exchange Rate Effect history runs 6 years deep, the most recent figure standing at -$6.0 million for Q1 2026.
- In Q1 2026, Exchange Rate Effect fell 200.0% year-over-year to -$6.0 million; the TTM figure through Mar 2026 stood at $7.0 million (up 450.0% YoY), while the FY2025 annual figure was $19.0 million, up 246.15% from the prior year.
- Exchange Rate Effect was -$6.0 million for Q1 2026 at Global Business Travel, down from -$2.0 million in the prior quarter.
- In the past five years, Exchange Rate Effect ranged from a high of $19.0 million in Q2 2025 to a low of -$16.0 million in Q4 2024.
- Historically, Exchange Rate Effect has averaged -$125000.0 across 5 years, with a median of -$3.5 million in 2022.
- Biggest YoY gain for Exchange Rate Effect was 700.0% in 2022; the steepest drop was 366.67% in 2022.
- A 5-year view of Exchange Rate Effect shows it stood at $18.0 million in 2022, then slipped by 27.78% to $13.0 million in 2023, then sank by 223.08% to -$16.0 million in 2024, then soared by 87.5% to -$2.0 million in 2025, then tumbled by 200.0% to -$6.0 million in 2026.
- The last three Exchange Rate Effect figures came in at -$6.0 million (Q1 2026), -$2.0 million (Q4 2025), and -$4.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FX Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | -168.00 Mn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | -118.00 Mn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | -1.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | -2.00 Mn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | -28.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | - |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -6.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 3.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | - |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | -15.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -6.00 Mn |
| Mar 31, 2026 | -6.00 Mn |
| Dec 31, 2025 | -2.00 Mn |
| Dec 31, 2025 | -2.00 Mn |
| Sep 30, 2025 | -4.00 Mn |
| Sep 30, 2025 | -4.00 Mn |
| Jun 30, 2025 | 19.00 Mn |
| Jun 30, 2025 | 19.00 Mn |
| Mar 31, 2025 | 6.00 Mn |
| Mar 31, 2025 | 6.00 Mn |
| Dec 31, 2024 | -16.00 Mn |
| Dec 31, 2024 | -16.00 Mn |
| Sep 30, 2024 | 12.00 Mn |
| Sep 30, 2024 | 12.00 Mn |
| Jun 30, 2024 | -4.00 Mn |
| Jun 30, 2024 | -4.00 Mn |
| Mar 31, 2024 | -5.00 Mn |
| Mar 31, 2024 | -5.00 Mn |
| Dec 31, 2023 | 13.00 Mn |
| Dec 31, 2023 | 13.00 Mn |