Global Business Travel (GBTG) FCF Margin (2020 - 2026)
Global Business Travel (GBTG) recorded quarterly FCF Margin of 6.19% in Q1 2026, down 477.14% quarter-over-quarter from 1.64% in Q4 2025, and down 1038.0% on a YoY basis from 0.66% in Q1 2025.
Global Business Travel (GBTG) FCF Margin (2020 - 2026) Analysis & Trends
Global Business Travel's FCF Margin history runs 7 years deep, the most recent figure standing at 6.19% for Q1 2026.
- In Q1 2026, FCF Margin fell 1038.0% year-over-year to 6.19%; the TTM figure through Mar 2026 stood at 0.89% (down 598.0% YoY), while the FY2025 annual figure was 3.83%, down 298.0% from the prior year.
- FCF Margin was 6.19% for Q1 2026 at Global Business Travel, down from 1.64% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 18.74% in Q3 2023 to a low of 50.0% in Q1 2022.
- Historically, FCF Margin has averaged 4.01% across 5 years, with a median of 3.93% in 2024.
- The sharpest annual moves came in 2022 and 2026: FCF Margin jumped 11780 bps in 2022, then sank 1038 bps in 2026.
- A 5-year view of FCF Margin shows it stood at 4.74% in 2022, then soared by 223 bps to 5.83% in 2023, then retreated by 4 bps to 5.58% in 2024, then sank by 71 bps to 1.64% in 2025, then sank by 477 bps to 6.19% in 2026.
- The last three FCF Margin figures came in at 6.19% (Q1 2026), 1.64% (Q4 2025), and 5.64% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 56.18% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 63.78% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 37.94% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 11.31% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 109.37% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | -26.82% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -6.19% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 1.98% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | - |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 18.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -6.19% |
| Dec 31, 2025 | 1.64% |
| Sep 30, 2025 | 5.64% |
| Jun 30, 2025 | 4.28% |
| Mar 31, 2025 | 4.19% |
| Dec 31, 2024 | 5.58% |
| Sep 30, 2024 | 9.88% |
| Jun 30, 2024 | 7.84% |
| Mar 31, 2024 | 3.93% |
| Dec 31, 2023 | 5.83% |
| Sep 30, 2023 | 18.74% |
| Jun 30, 2023 | 3.21% |
| Mar 31, 2023 | -18.86% |
| Dec 31, 2022 | -4.74% |
| Sep 30, 2022 | -22.95% |
| Jun 30, 2022 | -36.21% |
| Mar 31, 2022 | -50.00% |
| Dec 31, 2021 | -64.46% |
| Sep 30, 2021 | -59.39% |
| Jun 30, 2021 | -154.02% |