Global Business Travel (GBTG) Interest Expenses (2021 - 2026)
Global Business Travel (GBTG) recorded quarterly Interest Expenses of $27.0 million in Q1 2026, up 12.5% quarter-over-quarter from $24.0 million in Q4 2025, and up 12.5% on a YoY basis from $24.0 million in Q1 2025.
Global Business Travel (GBTG) Interest Expenses (2021 - 2026) Analysis & Trends
Global Business Travel's Interest Expenses history runs 6 years deep, the most recent figure standing at $27.0 million for Q1 2026.
- In Q1 2026, Interest Expenses rose 12.5% year-over-year to $27.0 million; the TTM figure through Mar 2026 stood at $98.0 million (down 7.55% YoY), while the FY2025 annual figure was $95.0 million, down 17.39% from the prior year.
- Interest Expenses was $27.0 million for Q1 2026 at Global Business Travel, up from $24.0 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $36.0 million in Q3 2023 to a low of $19.0 million in Q1 2022.
- Historically, Interest Expenses has averaged $28.0 million across 5 years, with a median of $27.0 million in 2026.
- The sharpest annual moves came in 2022 and 2024: Interest Expenses soared 3089330.89% in 2022, then tumbled 38.89% in 2024.
- A 5-year view of Interest Expenses shows it stood at $29.0 million in 2022, then increased by 24.14% to $36.0 million in 2023, then tumbled 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.
- The last three Interest Expenses figures came in at $27.0 million (Q1 2026), $24.0 million (Q4 2025), and $24.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 253.00 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 | 278.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 291.00 Mn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 111.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | - |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 27.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 33.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | -16.00 Mn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 16.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 24.00 Mn |
| Mar 31, 2025 | 24.00 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 | 33.00 Mn |
| Mar 31, 2024 | 33.00 Mn |
| Dec 31, 2023 | 36.00 Mn |
| Dec 31, 2023 | 36.00 Mn |