Global Business Travel (GBTG) Interest Expenses (2021 - 2026)
Global Business Travel (GBTG) reported Interest Expenses of $25 million for Q2 2026, up 8.7% from $23 million a year earlier but down 7.4% from the prior quarter.
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Analysis
Global Business Travel (GBTG) Interest Expenses (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Global Business Travel's Interest Expenses came in at $100 million, up 3.1% year-over-year; for FY2025, it was $95 million, down 17.4% from FY2024.
- Interest Expenses has a five-year compound annual growth rate of 28.6% (FY2020 to FY2025).
- By year, Interest Expenses came in at $115 million in FY2024 (-18.4%), $141 million in FY2023 (+43.9%), $98 million in FY2022 (+84.9%) and $53 million in FY2021 (+96.3%).
- Five-year quarterly Interest Expenses spans a low of $13 million in Q3 2021 and a high of $36 million in Q4 2023.
- Year over year, Interest Expenses has now increased in each of the last three quarters, with an average decline of 12.6% over the last eight quarters.
- The high point for year-over-year Interest Expenses in five years was Q3 2022 (growth of 100.0%); the low point was Q4 2024 (a decline of 38.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $27 million (Q1 2026), $24 million (Q4 2025) and $24 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn | 221.00 Mn |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn | 183.00 Mn |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn | 236.00 Mn |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn | 73.92 Mn |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - | 285.00 Mn |
| 6 | Intercontinental Hotels | 26.49 Bn | 22.05 Bn | - | - |
| 7 | Trip.com | 25.40 Bn | -20.15 Bn | 1.84 Bn | -17.18 Mn |
| 8 | Hyatt Hotels | 14.95 Bn | 12.43 Bn | 388.00 Mn | 64.00 Mn |
| 9 | H World | 13.15 Bn | 4.07 Bn | - | -9.25 Mn |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 25.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.00 Mn |
| Mar 31, 2026 | 27.00 Mn |
| Dec 31, 2025 | 24.00 Mn |
| Sep 30, 2025 | 24.00 Mn |
| Jun 30, 2025 | 23.00 Mn |
| Mar 31, 2025 | 24.00 Mn |
| Dec 31, 2024 | 22.00 Mn |
| Sep 30, 2024 | 28.00 Mn |
| Jun 30, 2024 | 32.00 Mn |
| Mar 31, 2024 | 33.00 Mn |
| Dec 31, 2023 | 36.00 Mn |
| Sep 30, 2023 | 36.00 Mn |
| Jun 30, 2023 | 35.00 Mn |
| Mar 31, 2023 | 34.00 Mn |
| Dec 31, 2022 | 29.00 Mn |
| Sep 30, 2022 | 26.00 Mn |
| Jun 30, 2022 | 24.00 Mn |
| Mar 31, 2022 | 19.00 Mn |
| Dec 31, 2021 | 16.00 Mn |
| Sep 30, 2021 | 13.00 Mn |
API Access
Global Business Travel Interest Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expenses&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "ticker": "GBTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expenses&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();