Global Business Travel (GBTG) Gross Margin (2021 - 2026)

Global Business Travel's Gross Margin history runs 6 years deep, the most recent figure standing at 58.33% for Q1 2026.

• On a quarterly basis, Gross Margin fell 447.0% year-over-year to 58.33% in Q1 2026; TTM through Mar 2026 was 59.01%, a 184.0% decrease from a year earlier, with the FY2025 full-year figure at 60.08%, down 1.0% from the prior year.
• Gross Margin climbed to 58.33% in Q1 2026 per GBTG's latest filing, from 56.82% in the prior quarter.
• Across five years, Gross Margin topped out at 62.8% in Q1 2025 and bottomed at 50.57% in Q1 2022.
• The 5-year median for Gross Margin is 58.95% (2023), against an average of 58.29%.
• Across the five-year window, Gross Margin jumped 2115 bps in 2022 and sank 447 bps in 2026, its largest moves.
• Year by year, Gross Margin stood at 54.08% in 2022, then advanced by 5 bps to 56.65% in 2023, then grew by 5 bps to 59.73% in 2024, then slipped by 5 bps to 56.82% in 2025, then gained by 3 bps to 58.33% in 2026.
• Per Business Quant, the three latest GBTG Gross Margin figures stand at 58.33% (Q1 2026), 56.82% (Q4 2025), and 59.94% (Q3 2025).