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
DateValue
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