Global Business Travel (GBTG) Free Cash Flow (2020 - 2026)
Global Business Travel (GBTG) posted Free Cash Flow of $103 million for Q2 2026, up 281.5% from $27 million a year earlier.
Powered by 
Analysis
Global Business Travel (GBTG) Free Cash Flow (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Free Cash Flow at Global Business Travel was $102 million, down 29.7% year-over-year; for FY2025, it was $104 million, down 37.0% from FY2024.
- In prior years, Global Business Travel's Free Cash Flow was $165 million in FY2024 (+236.7%), $49 million in FY2023, -$488 million in FY2022 and -$556 million in FY2021.
- The Q2 2026 figure stands as the highest quarterly Free Cash Flow since Q3 2023.
- On a year-over-year basis, Free Cash Flow increased in three of the last seven quarters, with growth averaging 15.3%.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was Q2 2026, with growth of 281.5%; the weakest was Q4 2025, with a decline of 60.6%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was -$52 million (Q1 2026), $13 million (Q4 2025) and $38 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn | 796.00 Mn |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn | 460.00 Mn |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn | -877.00 Mn |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn | 1.12 Bn |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - | 712.00 Mn |
| 6 | Intercontinental Hotels | 26.49 Bn | 22.05 Bn | - | - |
| 7 | Trip.com | 25.40 Bn | -20.15 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 14.95 Bn | 12.43 Bn | 388.00 Mn | 28.00 Mn |
| 9 | H World | 13.15 Bn | 4.07 Bn | - | 525.03 Mn |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 103.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 103.00 Mn |
| Mar 31, 2026 | -52.00 Mn |
| Dec 31, 2025 | 13.00 Mn |
| Sep 30, 2025 | 38.00 Mn |
| Jun 30, 2025 | 27.00 Mn |
| Mar 31, 2025 | 26.00 Mn |
| Dec 31, 2024 | 33.00 Mn |
| Sep 30, 2024 | 59.00 Mn |
| Jun 30, 2024 | 49.00 Mn |
| Mar 31, 2024 | 24.00 Mn |
| Dec 31, 2023 | 32.00 Mn |
| Sep 30, 2023 | 107.00 Mn |
| Jun 30, 2023 | 19.00 Mn |
| Mar 31, 2023 | -109.00 Mn |
| Dec 31, 2022 | -25.00 Mn |
| Sep 30, 2022 | -112.00 Mn |
| Jun 30, 2022 | -176.00 Mn |
| Mar 31, 2022 | -175.00 Mn |
| Dec 31, 2021 | -185.00 Mn |
| Sep 30, 2021 | -117.00 Mn |
API Access
Global Business Travel Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "GBTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();