Global Business Travel (GBTG) Free Cash Flow (2020 - 2026)
Global Business Travel (GBTG) posted quarterly Free Cash Flow of -$52.0 million for Q1 2026, down 300.0% year-over-year from $26.0 million in Q1 2025, and down 500.0% quarter-over-quarter from $13.0 million in Q4 2025.
Global Business Travel (GBTG) Free Cash Flow (2020 - 2026) Analysis & Trends
Global Business Travel's Free Cash Flow history runs 7 years deep, the most recent figure standing at -$52.0 million for Q1 2026.
- In Q1 2026, Free Cash Flow fell 300.0% year-over-year to -$52.0 million; the TTM figure through Mar 2026 stood at $26.0 million (down 84.43% YoY), while the FY2025 annual figure was $104.0 million, down 36.97% from the prior year.
- Free Cash Flow for Q1 2026 stood at -$52.0 million, down from $13.0 million in the prior quarter.
- The five-year high for Free Cash Flow was $107.0 million in Q3 2023, with the low at -$176.0 million in Q2 2022.
- The 5-year median for Free Cash Flow is $24.0 million (2024), against an average of -$13.1 million.
- The sharpest annual moves came in 2022 and 2023: Free Cash Flow tumbled 49256.39% in 2022, then jumped 228.0% in 2023.
- Global Business Travel's Free Cash Flow stood at -$25.0 million in 2022, then surged by 228.0% to $32.0 million in 2023, then advanced by 3.12% to $33.0 million in 2024, then sank by 60.61% to $13.0 million in 2025, then tumbled by 500.0% to -$52.0 million in 2026.
- Business Quant data shows GBTG's Free Cash Flow at -$52.0 million in Q1 2026, $13.0 million in Q4 2025, and $38.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 158.46 Bn | 141.25 Bn | 4.98 Bn | 3.64 Bn |
| 2 | Airbnb | 106.78 Bn | 94.71 Bn | 2.98 Bn | 1.27 Bn |
| 3 | Royal Caribbean Cruises | 80.66 Bn | 79.74 Bn | 2.29 Bn | -877.00 Mn |
| 4 | Viking Holdings | 44.63 Bn | 40.83 Bn | 713.43 Mn | 995.73 Mn |
| 5 | Expedia | 38.98 Bn | 31.85 Bn | 3.91 Bn | 1.28 Bn |
| 6 | Carnival | 38.25 Bn | 36.01 Bn | - | 1.76 Bn |
| 7 | Trip.com | 29.13 Bn | 17.43 Bn | 1.86 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.43 Bn | 8.21 Bn | 1.05 Bn | 144.89 Mn |
| 9 | MakeMyTrip | 5.84 Bn | 5.06 Bn | 212.91 Mn | 26.71 Mn |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 103.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 103.00 Mn |
| Jun 30, 2026 | 103.00 Mn |
| Mar 31, 2026 | -52.00 Mn |
| Mar 31, 2026 | -52.00 Mn |
| Dec 31, 2025 | 13.00 Mn |
| Dec 31, 2025 | 13.00 Mn |
| Sep 30, 2025 | 38.00 Mn |
| Sep 30, 2025 | 38.00 Mn |
| Jun 30, 2025 | 27.00 Mn |
| Jun 30, 2025 | 27.00 Mn |
| Mar 31, 2025 | 26.00 Mn |
| Mar 31, 2025 | 26.00 Mn |
| Dec 31, 2024 | 33.00 Mn |
| Dec 31, 2024 | 33.00 Mn |
| Sep 30, 2024 | 59.00 Mn |
| Sep 30, 2024 | 59.00 Mn |
| Jun 30, 2024 | 49.00 Mn |
| Jun 30, 2024 | 49.00 Mn |
| Mar 31, 2024 | 24.00 Mn |
| Mar 31, 2024 | 24.00 Mn |