Global Business Travel (GBTG) Exchange Rate Effect (2021 - 2026)
Global Business Travel's (GBTG) quarterly Exchange Rate Effect came in at -$6.0 million in Q1 2026, down 200.0% year-on-year from $6.0 million in Q1 2025, and down 200.0% quarter-over-quarter from -$2.0 million in Q4 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.
- On a quarterly basis, Exchange Rate Effect fell 200.0% year-over-year to -$6.0 million in Q1 2026; TTM through Mar 2026 was $7.0 million, a 450.0% increase from a year earlier, with the FY2025 full-year figure at $19.0 million, up 246.15% from the prior year.
- Exchange Rate Effect fell to -$6.0 million in Q1 2026 per GBTG's latest filing, from -$2.0 million in the prior quarter.
- Across five years, Exchange Rate Effect topped out at $19.0 million in Q2 2025 and bottomed at -$16.0 million in Q4 2024.
- The 5-year median for Exchange Rate Effect is -$3.5 million (2022), against an average of -$125000.0.
- Biggest YoY gain for Exchange Rate Effect was 700.0% in 2022; the steepest drop was 366.67% in 2022.
- Year by year, Exchange Rate Effect stood at $18.0 million in 2022, then slipped by 27.78% to $13.0 million in 2023, then tumbled by 223.08% to -$16.0 million in 2024, then soared by 87.5% to -$2.0 million in 2025, then sank by 200.0% to -$6.0 million in 2026.
- Per Business Quant, the three latest GBTG Exchange Rate Effect figures stand at -$6.0 million (Q1 2026), -$2.0 million (Q4 2025), and -$4.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Exchange Rate Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | -168.00 Mn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | -1.00 Mn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | -118.00 Mn |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 1.58 Mn |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 1.13 Mn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | -3.00 Mn |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | -28.00 Mn |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | - |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | -15.23 Mn |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | -6.00 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 |