Global Business Travel (GBTG) Intangibles (2021 - 2026)
Global Business Travel's (GBTG) quarterly Intangibles came in at $821.0 million in Q1 2026, up 74.31% year-on-year from $471.0 million in Q1 2025, and down 3.53% quarter-over-quarter from $851.0 million in Q4 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.
- On a quarterly basis, Intangibles rose 74.31% year-over-year to $821.0 million in Q1 2026; TTM through Mar 2026 was $821.0 million, a 74.31% increase from a year earlier, with the FY2025 full-year figure at $851.0 million, up 77.29% from the prior year.
- Intangibles slipped to $821.0 million in Q1 2026 per GBTG's latest filing, from $851.0 million in the prior quarter.
- Across five years, Intangibles topped out at $1.2 billion in Q2 2022 and bottomed at $465.0 million in Q2 2025.
- The 5-year median for Intangibles is $593.0 million (2023), against an average of $672.4 million.
- Across the five-year window, Intangibles tumbled 56.87% in 2024 and jumped 77.29% in 2025, its largest moves.
- Year by year, Intangibles 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.
- Per Business Quant, the three latest GBTG Intangibles figures stand at $821.0 million (Q1 2026), $851.0 million (Q4 2025), and $758.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 882.00 Mn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | - |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | - |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 27.17 Mn |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 4.50 Mn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 1.18 Bn |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 887.00 Mn |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 500.53 Mn |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 552.25 Mn |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 821.00 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 | 1.19 Bn |
| Dec 31, 2021 | 746.00 Mn |