Global Business Travel (GBTG) Operating Leases (2021 - 2026)
Global Business Travel (GBTG) recorded quarterly Operating Leases of $64.0 million in Q1 2026, up 3.23% quarter-over-quarter from $62.0 million in Q4 2025, and up 6.67% on a YoY basis from $60.0 million in Q1 2025.
Global Business Travel (GBTG) Operating Leases (2021 - 2026) Analysis & Trends
Global Business Travel's Operating Leases history runs 6 years deep, the most recent figure standing at $64.0 million for Q1 2026.
- In Q1 2026, Operating Leases rose 6.67% year-over-year to $64.0 million; the TTM figure through Mar 2026 stood at $64.0 million (up 6.67% YoY), while the FY2025 annual figure was $62.0 million, down 1.59% from the prior year.
- Operating Leases was $64.0 million for Q1 2026 at Global Business Travel, up from $62.0 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $67.0 million in Q3 2024 to a low of $49.0 million in Q2 2022.
- Historically, Operating Leases has averaged $58.8 million across 5 years, with a median of $59.0 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Operating Leases rose 18.37% in 2023, then retreated 10.34% in 2024.
- A 5-year view of Operating Leases shows it stood at $61.0 million in 2022, then retreated by 9.84% to $55.0 million in 2023, then gained by 14.55% to $63.0 million in 2024, then dropped by 1.59% to $62.0 million in 2025, then climbed by 3.23% to $64.0 million in 2026.
- The last three Operating Leases figures came in at $64.0 million (Q1 2026), $62.0 million (Q4 2025), and $64.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 64.00 Mn |
| Dec 31, 2025 | 62.00 Mn |
| Sep 30, 2025 | 64.00 Mn |
| Jun 30, 2025 | 58.00 Mn |
| Mar 31, 2025 | 60.00 Mn |
| Dec 31, 2024 | 63.00 Mn |
| Sep 30, 2024 | 67.00 Mn |
| Jun 30, 2024 | 52.00 Mn |
| Mar 31, 2024 | 56.00 Mn |
| Dec 31, 2023 | 55.00 Mn |
| Sep 30, 2023 | 57.00 Mn |
| Jun 30, 2023 | 58.00 Mn |
| Mar 31, 2023 | 62.00 Mn |
| Dec 31, 2022 | 61.00 Mn |
| Sep 30, 2022 | 53.00 Mn |
| Jun 30, 2022 | 49.00 Mn |
| Dec 31, 2021 | 61.00 Mn |