Global Business Travel (GBTG) Invested Capital (2019 - 2026)
Global Business Travel (GBTG) recorded quarterly Invested Capital of $3.1 billion in Q1 2026, up 3.33% quarter-over-quarter from $3.0 billion in Q4 2025, and up 24.69% on a YoY basis from $2.5 billion in Q1 2025.
Global Business Travel (GBTG) Invested Capital (2019 - 2026) Analysis & Trends
Global Business Travel's Invested Capital history runs 8 years deep, the most recent figure standing at $3.1 billion for Q1 2026.
- In Q1 2026, Invested Capital rose 24.69% year-over-year to $3.1 billion; the TTM figure through Mar 2026 stood at $3.1 billion (up 24.69% YoY), while the FY2025 annual figure was $3.0 billion, up 24.13% from the prior year.
- Invested Capital was $3.1 billion for Q1 2026 at Global Business Travel, up from $3.0 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $3.1 billion in Q1 2026 to a low of $1.2 billion in Q1 2022.
- Historically, Invested Capital has averaged $2.4 billion across 5 years, with a median of $2.5 billion in 2024.
- The sharpest annual moves came in 2022 and 2023: Invested Capital surged 245.37% in 2022, then tumbled 45.92% in 2023.
- A 5-year view of Invested Capital shows it stood at $2.6 billion in 2022, then decreased by 0.73% to $2.6 billion in 2023, then retreated by 5.17% to $2.4 billion in 2024, then increased by 24.13% to $3.0 billion in 2025, then climbed by 3.33% to $3.1 billion in 2026.
- The last three Invested Capital figures came in at $3.1 billion (Q1 2026), $3.0 billion (Q4 2025), and $2.9 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 8.18 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 10.11 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 9.82 Bn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 39.05 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 6.31 Bn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 18.04 Bn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 3.13 Bn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 2.63 Bn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 24.09 Bn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 1.40 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.13 Bn |
| Dec 31, 2025 | 3.03 Bn |
| Sep 30, 2025 | 2.92 Bn |
| Jun 30, 2025 | 2.59 Bn |
| Mar 31, 2025 | 2.51 Bn |
| Dec 31, 2024 | 2.44 Bn |
| Sep 30, 2024 | 2.49 Bn |
| Jun 30, 2024 | 2.58 Bn |
| Mar 31, 2024 | 2.54 Bn |
| Dec 31, 2023 | 2.57 Bn |
| Sep 30, 2023 | 2.61 Bn |
| Jun 30, 2023 | 1.35 Bn |
| Mar 31, 2023 | 1.36 Bn |
| Dec 31, 2022 | 2.59 Bn |
| Sep 30, 2022 | 2.39 Bn |
| Jun 30, 2022 | 2.49 Bn |
| Mar 31, 2022 | 1.24 Bn |
| Dec 31, 2021 | 2.36 Bn |
| Sep 30, 2021 | 692.00 Mn |
| Jun 30, 2021 | 812.00 Mn |