Global Business Travel GBTG
NYSE GBTG
$9.48 -0.01 (-0.11%)
At close: Sep 4, 2026 · 4:00 PM EDT

Global Business Travel (GBTG) Operating Expenses (2020 - 2026)

Global Business Travel (GBTG) posted Operating Expenses of $846.0 million for Q2 2026, up 1.08% on a QoQ basis from $837.0 million in Q1 2026, and up 41.71% year-over-year from $597.0 million in Q2 2025.

Analysis

Global Business Travel (GBTG) Operating Expenses (2020 - 2026) Analysis & Trends

Global Business Travel has reported Operating Expenses for 7 years, with the latest figure at $846.0 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 41.71% year-over-year to $846.0 million in Q2 2026; TTM through Jun 2026 was $3.1 billion, a 35.48% increase from a year earlier, with the FY2025 full-year figure at $2.6 billion, up 12.13% from the prior year.
  • Operating Expenses was $846.0 million for Q2 2026 at Global Business Travel, up from $837.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $846.0 million in Q2 2026, with the low at $446.0 million in Q1 2022.
  • Average Operating Expenses over 5 years is $607.0 million, with a median of $579.0 million recorded in 2023.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses soared 9506.24% in 2022, then dropped 4.71% in 2025.
  • Over 5 years, Operating Expenses stood at $565.0 million in 2022, then slipped by 3.36% to $546.0 million in 2023, then advanced by 2.75% to $561.0 million in 2024, then surged by 36.01% to $763.0 million in 2025, then climbed by 10.88% to $846.0 million in 2026.
  • The last three Operating Expenses figures came in at $846.0 million (Q2 2026), $837.0 million (Q1 2026), and $763.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Trip.com 26.65 Bn 15.19 Bn 1.86 Bn -703.23 Mn
2 Yatra Online 6.38 Bn 6.42 Bn 12.97 Mn 473,000.00
3 Global Business Travel 4.95 Bn 4.48 Bn 514.00 Mn 846.00 Mn
4 Ambitions Enterprise Management Co. L.L.C 36.55 Mn 33.39 Mn - -
5 JX Luxventure 5.82 Mn 5.11 Mn - -
6 Maitong Sunshine Cultural Development 1.92 Mn 1.91 Mn - 37,739.00
7 Wetour Robotics 560,999.99 377,549.02 - -
8 Tuniu 5.03 -154.31 Mn 11.27 Mn -12.16 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 846.00 Mn
Mar 31, 2026 837.00 Mn
Dec 31, 2025 763.00 Mn
Sep 30, 2025 662.00 Mn
Jun 30, 2025 597.00 Mn
Mar 31, 2025 566.00 Mn
Dec 31, 2024 561.00 Mn
Sep 30, 2024 570.00 Mn
Jun 30, 2024 583.00 Mn
Mar 31, 2024 594.00 Mn
Dec 31, 2023 546.00 Mn
Sep 30, 2023 575.00 Mn
Jun 30, 2023 590.00 Mn
Mar 31, 2023 587.00 Mn
Dec 31, 2022 565.00 Mn
Sep 30, 2022 533.00 Mn
Jun 30, 2022 505.00 Mn
Mar 31, 2022 446.00 Mn
Dec 31, 2021 480.00 Mn
Sep 30, 2021 321.00 Mn