Growth Metrics

Global Business Travel (GBTG) Net Margin (2020 - 2025)

Global Business Travel has reported Net Margin over the past 6 years, most recently at 10.48% for Q4 2025.

  • Quarterly results put Net Margin at 10.48% for Q4 2025, up 1319.0% from a year ago — trailing twelve months through Dec 2025 was 4.01% (up 971.0% YoY), and the annual figure for FY2025 was 4.01%, up 971.0%.
  • Net Margin for Q4 2025 was 10.48% at Global Business Travel, up from 9.2% in the prior quarter.
  • Over the last five years, Net Margin for GBTG hit a ceiling of 12.08% in Q1 2025 and a floor of 35.29% in Q2 2021.
  • Median Net Margin over the past 5 years was 2.54% (2024), compared with a mean of 3.61%.
  • Peak annual rise in Net Margin hit 3962bps in 2022, while the deepest fall reached -863bps in 2022.
  • Global Business Travel's Net Margin stood at 9.13% in 2021, then soared by 46bps to 4.93% in 2022, then plummeted by -74bps to 8.56% in 2023, then skyrocketed by 68bps to 2.71% in 2024, then skyrocketed by 487bps to 10.48% in 2025.
  • The last three reported values for Net Margin were 10.48% (Q4 2025), 9.2% (Q3 2025), and 2.06% (Q2 2025) per Business Quant data.