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
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 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