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
DateValue
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