Global Business Travel (GBTG) Minority Interest (2021 - 2026)
Global Business Travel (GBTG) posted Minority Interest of $46 million for Q2 2026, up 557.1% from $7 million a year earlier but down 8.0% from the prior quarter.
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Analysis
Global Business Travel (GBTG) Minority Interest (2021 - 2026) Analysis & Trends
At the end of FY2025, Global Business Travel's Minority Interest came in at $49 million, up 716.7% from FY2024.
- Annual Minority Interest shows a four-year compound annual growth rate of -25.6% (FY2021 to FY2025).
- In prior years, Global Business Travel's Minority Interest was $6 million in FY2024 (+50.0%), $4 million in FY2023 (-99.7%), $1.22 billion in FY2022 (+661.9%) and $160 million in FY2021.
- Quarterly Minority Interest has run from a low of $3 million in Q3 2023 to a high of $1.22 billion in Q4 2022 over five years.
- On a year-over-year basis, Minority Interest has increased in each of the last three quarters, with growth averaging 287.4% over the last eight quarters.
- The strongest year-over-year quarter for Minority Interest in the past five years was Q1 2026, with growth of 733.3%; the weakest was Q1 2024, with a decline of 99.7%.
- According to Business Quant data, Minority Interest for the three prior quarters was $50 million (Q1 2026), $49 million (Q4 2025) and $5 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - |
| 6 | Intercontinental Hotels | 26.49 Bn | 22.05 Bn | - |
| 7 | Trip.com | 25.40 Bn | -20.15 Bn | 1.84 Bn |
| 8 | Hyatt Hotels | 14.95 Bn | 12.43 Bn | 388.00 Mn |
| 9 | H World | 13.15 Bn | 4.07 Bn | - |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.00 Mn |
| Mar 31, 2026 | 50.00 Mn |
| Dec 31, 2025 | 49.00 Mn |
| Sep 30, 2025 | 5.00 Mn |
| Jun 30, 2025 | 7.00 Mn |
| Mar 31, 2025 | 6.00 Mn |
| Dec 31, 2024 | 6.00 Mn |
| Sep 30, 2024 | 5.00 Mn |
| Jun 30, 2024 | 4.00 Mn |
| Mar 31, 2024 | 3.00 Mn |
| Dec 31, 2023 | 4.00 Mn |
| Sep 30, 2023 | 3.00 Mn |
| Jun 30, 2023 | 1.16 Bn |
| Mar 31, 2023 | 1.19 Bn |
| Dec 31, 2022 | 1.22 Bn |
| Sep 30, 2022 | 1.09 Bn |
| Jun 30, 2022 | 1.18 Bn |
| Dec 31, 2021 | 160.00 Mn |
API Access
Global Business Travel Minority Interest 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=minority-interest&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "minority-interest", "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=minority-interest&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();