Global Business Travel (GBTG) Intangibles (2021 - 2026)
Global Business Travel (GBTG) recorded quarterly Intangibles of $821.0 million in Q1 2026, down 3.53% quarter-over-quarter from $851.0 million in Q4 2025, and up 74.31% on a YoY basis from $471.0 million in Q1 2025.
Global Business Travel (GBTG) Intangibles (2021 - 2026) Analysis & Trends
Global Business Travel's Intangibles history runs 6 years deep, the most recent figure standing at $821.0 million for Q1 2026.
- In Q1 2026, Intangibles rose 74.31% year-over-year to $821.0 million; the TTM figure through Mar 2026 stood at $821.0 million (up 74.31% YoY), while the FY2025 annual figure was $851.0 million, up 77.29% from the prior year.
- Intangibles was $821.0 million for Q1 2026 at Global Business Travel, down from $851.0 million in the prior quarter.
- In the past five years, Intangibles ranged from a high of $1.2 billion in Q2 2023 to a low of $465.0 million in Q2 2025.
- Historically, Intangibles has averaged $640.8 million across 5 years, with a median of $593.0 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Intangibles tumbled 56.87% in 2024, then surged 77.29% in 2025.
- A 5-year view of Intangibles shows it stood at $636.0 million in 2022, then declined by 13.21% to $552.0 million in 2023, then decreased by 13.04% to $480.0 million in 2024, then soared by 77.29% to $851.0 million in 2025, then fell by 3.53% to $821.0 million in 2026.
- The last three Intangibles figures came in at $821.0 million (Q1 2026), $851.0 million (Q4 2025), and $758.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 882.00 Mn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | - |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | - |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 1.18 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 887.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 500.53 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 821.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 200.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 21.29 Mn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 552.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 1.17 Bn |
| 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 | 1.19 Bn |