Global Business Travel (GBTG) Interest Expenses (2020 - 2026)

Global Business Travel's (GBTG) quarterly Interest Expenses came in at $27.0 million in Q1 2026, down 10.0% year-on-year from $30.0 million in Q1 2025, and up 12.5% quarter-over-quarter from $24.0 million in Q4 2025.

Global Business Travel (GBTG) Interest Expenses (2020 - 2026) Analysis & Trends

Global Business Travel's Interest Expenses history runs 7 years deep, the most recent figure standing at $27.0 million for Q1 2026.

  • On a quarterly basis, Interest Expenses fell 10.0% year-over-year to $27.0 million in Q1 2026; TTM through Mar 2026 was $98.0 million, a 12.5% decrease from a year earlier, with the FY2025 full-year figure at $376.0 million, up 152.35% from the prior year.
  • Interest Expenses advanced to $27.0 million in Q1 2026 per GBTG's latest filing, from $24.0 million in the prior quarter.
  • Across five years, Interest Expenses topped out at $36.0 million in Q3 2023 and bottomed at $19.0 million in Q1 2022.
  • The 5-year median for Interest Expenses is $28.0 million (2024), against an average of $28.6 million.
  • Across the five-year window, Interest Expenses surged 3089330.89% in 2022 and tumbled 38.89% in 2024, its largest moves.
  • Year by year, Interest Expenses stood at $32.0 million in 2022, then rose by 12.5% to $36.0 million in 2023, then sank by 38.89% to $22.0 million in 2024, then rose by 9.09% to $24.0 million in 2025, then rose by 12.5% to $27.0 million in 2026.
  • Per Business Quant, the three latest GBTG Interest Expenses figures stand at $27.0 million (Q1 2026), $24.0 million (Q4 2025), and $24.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 272.00 Mn
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 320.00 Mn
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn 166.00 Mn
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn -471,000.00
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn -84.94 Mn
6 Carnival 34.61 Bn 32.38 Bn - 681.00 Mn
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn 198.00 Mn
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn 4.05 Mn
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn 16.59 Mn
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn 27.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 27.00 Mn
Mar 31, 2026 27.00 Mn
Dec 31, 2025 24.00 Mn
Dec 31, 2025 24.00 Mn
Sep 30, 2025 24.00 Mn
Sep 30, 2025 24.00 Mn
Jun 30, 2025 23.00 Mn
Jun 30, 2025 23.00 Mn
Mar 31, 2025 30.00 Mn
Mar 31, 2025 30.00 Mn
Dec 31, 2024 22.00 Mn
Dec 31, 2024 22.00 Mn
Sep 30, 2024 28.00 Mn
Sep 30, 2024 28.00 Mn
Jun 30, 2024 32.00 Mn
Jun 30, 2024 32.00 Mn
Mar 31, 2024 34.00 Mn
Mar 31, 2024 34.00 Mn
Dec 31, 2023 36.00 Mn
Dec 31, 2023 36.00 Mn