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
DateValue
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