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
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