Global Business Travel (GBTG) Non Operating Interest Expenses (2021 - 2026)
Global Business Travel (GBTG) recorded Non Operating Interest Expenses of $25 million in Q2 2026, up 8.7% from $23 million a year earlier but down 7.4% from the prior quarter.
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Analysis
Global Business Travel (GBTG) Non Operating Interest Expenses (2021 - 2026) Analysis & Trends
On a TTM basis, Global Business Travel's Non Operating Interest Expenses came in at $100 million as of Jun 30, 2026, up 3.1% year-over-year; for FY2025, it came in at $95 million, down 17.4% from FY2024.
- Annual Non Operating Interest Expenses has a five-year compound annual growth rate of 28.6% (FY2020 to FY2025).
- Across earlier years, Non Operating Interest Expenses came in at $115 million in FY2024 (-18.4%), $141 million in FY2023 (+43.9%), $98 million in FY2022 (+84.9%) and $53 million in FY2021 (+96.3%).
- Quarterly Non Operating Interest Expenses has ranged from $13 million in Q3 2021 to $36 million in Q4 2023 over the past five years.
- On a year-over-year basis, Non Operating Interest Expenses has increased for three consecutive quarters, with an average decline of 12.6% over the last eight quarters.
- Peak year-over-year performance for Non Operating Interest Expenses in the last five years was growth of 100.0% in Q3 2022, against a decline of 38.9% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $27 million (Q1 2026), $24 million (Q4 2025) and $24 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 92.52 Bn | 90.57 Bn | 1.55 Bn | 221.00 Mn |
| 2 | Royal Caribbean Cruises | 72.24 Bn | 69.82 Bn | 2.29 Bn | 236.00 Mn |
| 3 | Hilton Worldwide Holdings | 71.21 Bn | 67.69 Bn | 3.08 Bn | 183.00 Mn |
| 4 | Viking Holdings | 35.26 Bn | 20.39 Bn | 996.62 Mn | -82.17 Mn |
| 5 | Carnival | 33.74 Bn | 26.94 Bn | - | 285.00 Mn |
| 6 | Intercontinental Hotels | 26.60 Bn | 22.16 Bn | - | - |
| 7 | Trip.com | 25.18 Bn | -20.37 Bn | 1.84 Bn | -17.00 Mn |
| 8 | Hyatt Hotels | 15.18 Bn | 12.66 Bn | 388.00 Mn | 64.00 Mn |
| 9 | H World | 12.91 Bn | 3.84 Bn | - | -9.00 Mn |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 25.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.00 Mn |
| Mar 31, 2026 | 27.00 Mn |
| Dec 31, 2025 | 24.00 Mn |
| Sep 30, 2025 | 24.00 Mn |
| Jun 30, 2025 | 23.00 Mn |
| Mar 31, 2025 | 24.00 Mn |
| Dec 31, 2024 | 22.00 Mn |
| Sep 30, 2024 | 28.00 Mn |
| Jun 30, 2024 | 32.00 Mn |
| Mar 31, 2024 | 33.00 Mn |
| Dec 31, 2023 | 36.00 Mn |
| Sep 30, 2023 | 36.00 Mn |
| Jun 30, 2023 | 35.00 Mn |
| Mar 31, 2023 | 34.00 Mn |
| Dec 31, 2022 | 29.00 Mn |
| Sep 30, 2022 | 26.00 Mn |
| Jun 30, 2022 | 24.00 Mn |
| Mar 31, 2022 | 19.00 Mn |
| Dec 31, 2021 | 16.00 Mn |
| Sep 30, 2021 | 13.00 Mn |
API Access
Global Business Travel Non Operating Interest Expenses 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=non-operating-interest-expenses&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-operating-interest-expenses", "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=non-operating-interest-expenses&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();