Global Business Travel (GBTG) FCF Margin (2020 - 2026)
Global Business Travel (GBTG) posted quarterly FCF Margin of 6.19% for Q1 2026, down 1038.0% year-over-year from 0.66% in Q1 2025, and down 477.14% quarter-over-quarter from 1.64% in Q4 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 for Q1 2026 stood at 6.19%, down from 1.64% in the prior quarter.
- The five-year high for FCF Margin was 18.74% in Q3 2023, with the low at 50.0% in Q1 2022.
- The 5-year median for FCF Margin is 3.93% (2024), against an average of 4.01%.
- The sharpest annual moves came in 2022 and 2026: FCF Margin soared 11780 bps in 2022, then plunged 1038 bps in 2026.
- Global Business Travel's FCF Margin stood at 4.74% in 2022, then surged by 223 bps to 5.83% in 2023, then fell by 4 bps to 5.58% in 2024, then plunged by 71 bps to 1.64% in 2025, then plunged by 477 bps to 6.19% in 2026.
- Business Quant data shows GBTG's FCF Margin at 6.19% in Q1 2026, 1.64% in Q4 2025, and 5.64% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 49.55% |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 35.20% |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | -18.15% |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 57.75% |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 26.34% |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 29.64% |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 5.49% |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 9.35% |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 11.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.84% |
| 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% |