Global Business Travel (GBTG) Intangibles (2021 - 2026)
Global Business Travel (GBTG) reported Intangibles of $800 million for Q2 2026, up 72.0% from $465 million a year earlier but down 2.6% from the prior quarter.
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Analysis
Global Business Travel (GBTG) Intangibles (2021 - 2026) Analysis & Trends
At the end of FY2025, Global Business Travel posted Intangibles of $851 million, up 77.3% from FY2024.
- Intangibles has a four-year compound annual growth rate of 3.3% (FY2021 to FY2025).
- By year, Intangibles came in at $480 million in FY2024 (-13.0%), $552 million in FY2023 (-13.2%), $636 million in FY2022 (-14.7%) and $746 million in FY2021.
- Five-year quarterly Intangibles spans a low of $465 million in Q2 2025 and a high of $851 million in Q4 2025.
- Year over year, Intangibles has now increased in each of the last four quarters, with growth averaging 28.9% over the last eight quarters.
- The high point for year-over-year Intangibles in five years was Q4 2025 (growth of 77.3%); the low point was Q2 2024 (a decline of 15.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $821 million (Q1 2026), $851 million (Q4 2025) and $758 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn | 10.47 Bn |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn | 5.01 Bn |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn | - |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn | - |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - | 1.18 Bn |
| 6 | Intercontinental Hotels | 26.49 Bn | 22.05 Bn | - | -23.00 Mn |
| 7 | Trip.com | 25.40 Bn | -20.15 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 14.95 Bn | 12.43 Bn | 388.00 Mn | 2.12 Bn |
| 9 | H World | 13.15 Bn | 4.07 Bn | - | 711.00 Mn |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 800.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 800.00 Mn |
| Mar 31, 2026 | 821.00 Mn |
| Dec 31, 2025 | 851.00 Mn |
| Sep 30, 2025 | 758.00 Mn |
| Jun 30, 2025 | 465.00 Mn |
| Mar 31, 2025 | 471.00 Mn |
| Dec 31, 2024 | 480.00 Mn |
| Sep 30, 2024 | 500.00 Mn |
| Jun 30, 2024 | 505.00 Mn |
| Mar 31, 2024 | 528.00 Mn |
| Dec 31, 2023 | 552.00 Mn |
| Sep 30, 2023 | 570.00 Mn |
| Jun 30, 2023 | 597.00 Mn |
| Mar 31, 2023 | 616.00 Mn |
| Dec 31, 2022 | 636.00 Mn |
| Sep 30, 2022 | 647.00 Mn |
| Jun 30, 2022 | 682.00 Mn |
| Dec 31, 2021 | 746.00 Mn |
API Access
Global Business Travel Intangibles 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=intangibles&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();