Global Business Travel (GBTG) Payables (2020 - 2026)
Global Business Travel (GBTG) recorded quarterly Payables of $603.0 million in Q1 2026, up 17.09% quarter-over-quarter from $515.0 million in Q4 2025, and up 85.54% on a YoY basis from $325.0 million in Q1 2025.
Global Business Travel (GBTG) Payables (2020 - 2026) Analysis & Trends
Global Business Travel's Payables history runs 7 years deep, the most recent figure standing at $603.0 million for Q1 2026.
- In Q1 2026, Payables rose 85.54% year-over-year to $603.0 million; the TTM figure through Mar 2026 stood at $603.0 million (up 85.54% YoY), while the FY2025 annual figure was $515.0 million, up 95.82% from the prior year.
- Payables was $603.0 million for Q1 2026 at Global Business Travel, up from $515.0 million in the prior quarter.
- In the past five years, Payables ranged from a high of $603.0 million in Q1 2026 to a low of $11.4 million in Q1 2022.
- Historically, Payables has averaged $330.2 million across 5 years, with a median of $333.0 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Payables soared 5064.7% in 2022, then sank 87.23% in 2023.
- A 5-year view of Payables shows it stood at $253.0 million in 2022, then grew by 19.37% to $302.0 million in 2023, then slipped by 12.91% to $263.0 million in 2024, then soared by 95.82% to $515.0 million in 2025, then gained by 17.09% to $603.0 million in 2026.
- The last three Payables figures came in at $603.0 million (Q1 2026), $515.0 million (Q4 2025), and $556.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 4.13 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 3.08 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 1.01 Bn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 1.24 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 1.18 Bn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 184.67 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 603.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 63.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 2.70 Bn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 136.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 603.00 Mn |
| Dec 31, 2025 | 515.00 Mn |
| Sep 30, 2025 | 556.00 Mn |
| Jun 30, 2025 | 353.00 Mn |
| Mar 31, 2025 | 325.00 Mn |
| Dec 31, 2024 | 263.00 Mn |
| Sep 30, 2024 | 330.00 Mn |
| Jun 30, 2024 | 333.00 Mn |
| Mar 31, 2024 | 386.00 Mn |
| Dec 31, 2023 | 302.00 Mn |
| Sep 30, 2023 | 385.00 Mn |
| Jun 30, 2023 | 35.00 Mn |
| Mar 31, 2023 | 350.00 Mn |
| Dec 31, 2022 | 253.00 Mn |
| Sep 30, 2022 | 339.00 Mn |
| Jun 30, 2022 | 274.00 Mn |
| Mar 31, 2022 | 11.39 Mn |
| Dec 31, 2021 | 142.80 Mn |
| Sep 30, 2021 | 6.56 Mn |
| Jun 30, 2021 | 5.44 Mn |