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| 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 | 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 |