Global Business Travel (GBTG) Invested Capital (2020 - 2026)
Global Business Travel (GBTG) posted Invested Capital of $3.16 billion for Q2 2026, up 22.0% from $2.59 billion a year earlier and up 0.8% from the prior quarter.
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Analysis
Global Business Travel (GBTG) Invested Capital (2020 - 2026) Analysis & Trends
For FY2025, Global Business Travel's Invested Capital came in at $3.03 billion, up 24.1% from FY2024.
- Annual Invested Capital shows a five-year compound annual growth rate of 25.2% (FY2020 to FY2025).
- In prior years, Global Business Travel's Invested Capital was $2.44 billion in FY2024 (-5.2%), $2.57 billion in FY2023 (-0.7%), $2.59 billion in FY2022 (+9.7%) and $2.36 billion in FY2021 (+139.8%).
- The Q2 2026 figure stands as the highest quarterly Invested Capital in data going back to Q4 2020.
- On a year-over-year basis, Invested Capital has increased in each of the last five quarters, with growth averaging 9.7% over the last eight quarters.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q2 2022, with growth of 205.7%; the weakest was Q1 2024, with a decline of 6.3%.
- According to Business Quant data, Invested Capital for the three prior quarters was $3.13 billion (Q1 2026), $3.03 billion (Q4 2025) and $2.92 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.60 Bn | 91.65 Bn | 1.55 Bn | 12.39 Bn |
| 2 | Royal Caribbean Cruises | 74.32 Bn | 71.90 Bn | 2.29 Bn | 33.30 Bn |
| 3 | Hilton Worldwide Holdings | 72.10 Bn | 68.58 Bn | 3.08 Bn | 7.04 Bn |
| 4 | Viking Holdings | 36.31 Bn | 21.43 Bn | 996.62 Mn | 7.60 Bn |
| 5 | Carnival | 34.66 Bn | 27.87 Bn | - | 38.12 Bn |
| 6 | Intercontinental Hotels | 26.64 Bn | 22.19 Bn | - | -5.07 Bn |
| 7 | Trip.com | 24.74 Bn | -20.81 Bn | 1.84 Bn | 27.47 Bn |
| 8 | Hyatt Hotels | 14.98 Bn | 12.46 Bn | 388.00 Mn | 7.91 Bn |
| 9 | H World | 12.83 Bn | 3.76 Bn | - | 2.71 Bn |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 3.16 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.16 Bn |
| 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 | 2.70 Bn |
| Mar 31, 2023 | 2.71 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 |
| Jun 30, 2021 | 813.50 Mn |
API Access
Global Business Travel Invested Capital 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=invested-capital&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();