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
DateValue
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