Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Global Business Travel (GBTG) Operating Margin (2021 - 2025)

Global Business Travel has reported Operating Margin over the past 5 years, most recently at 3.66% for Q4 2025.

  • Quarterly results put Operating Margin at 3.66% for Q4 2025, down 141.0% from a year ago — trailing twelve months through Dec 2025 was 4.78% (up 4.0% YoY), and the annual figure for FY2025 was 4.78%, up 4.0%.
  • Operating Margin for Q4 2025 was 3.66% at Global Business Travel, up from 1.78% in the prior quarter.
  • Over the last five years, Operating Margin for GBTG hit a ceiling of 8.86% in Q1 2025 and a floor of 74.51% in Q2 2021.
  • Median Operating Margin over the past 5 years was 0.34% (2023), compared with a mean of 11.33%.
  • Biggest five-year swings in Operating Margin: surged 7060bps in 2022 and later tumbled -274bps in 2025.
  • Global Business Travel's Operating Margin stood at 67.25% in 2021, then soared by 89bps to 7.21% in 2022, then soared by 108bps to 0.55% in 2023, then skyrocketed by 829bps to 5.08% in 2024, then decreased by -28bps to 3.66% in 2025.
  • The last three reported values for Operating Margin were 3.66% (Q4 2025), 1.78% (Q3 2025), and 5.39% (Q2 2025) per Business Quant data.