Global Business Travel (GBTG) Payables (2020 - 2026)
Global Business Travel (GBTG) reported Payables of $619 million for Q2 2026, up 75.4% from $353 million a year earlier and up 2.7% from the prior quarter.
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Analysis
Global Business Travel (GBTG) Payables (2020 - 2026) Analysis & Trends
At the end of FY2025, Global Business Travel posted Payables of $515 million, up 95.8% from FY2024.
- Payables has a five-year compound annual growth rate of 207.2% (FY2020 to FY2025).
- By year, Payables came in at $263 million in FY2024 (-12.9%), $302 million in FY2023 (+19.4%), $253 million in FY2022 (+77.2%) and $142.8 million in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Payables in data going back to Q3 2020.
- Year over year, Payables has now increased in each of the last five quarters, with growth averaging 36.0% over the last eight quarters.
- The high point for year-over-year Payables in five years was Q3 2021 (growth of 948.8%); the low point was Q2 2024 (a decline of 24.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $603 million (Q1 2026), $515 million (Q4 2025) and $556 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 94.30 Bn | 92.35 Bn | 1.55 Bn | 819.00 Mn |
| 2 | Hilton Worldwide Holdings | 73.03 Bn | 69.51 Bn | 3.08 Bn | 2.31 Bn |
| 3 | Royal Caribbean Cruises | 69.73 Bn | 67.31 Bn | 2.29 Bn | 1.09 Bn |
| 4 | Viking Holdings | 35.48 Bn | 20.60 Bn | 996.62 Mn | 327.44 Mn |
| 5 | Carnival | 33.80 Bn | 27.01 Bn | - | 1.16 Bn |
| 6 | Intercontinental Hotels | 26.86 Bn | 22.41 Bn | - | -1.82 Bn |
| 7 | Trip.com | 25.10 Bn | -20.45 Bn | 1.84 Bn | 2.93 Bn |
| 8 | Hyatt Hotels | 15.28 Bn | 12.76 Bn | 388.00 Mn | 530.00 Mn |
| 9 | H World | 13.25 Bn | 4.18 Bn | - | 286.52 Mn |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 619.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 619.00 Mn |
| 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 | 438.00 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 |
API Access
Global Business Travel Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=payables&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "ticker": "GBTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=payables&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();