Global Business Travel (GBTG) Receivables (2021 - 2026)
Global Business Travel (GBTG) posted Receivables of $1.03 billion for Q2 2026, up 32.4% from $781 million a year earlier but down 2.5% from the prior quarter.
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Analysis
Global Business Travel (GBTG) Receivables (2021 - 2026) Analysis & Trends
At the end of FY2025, Global Business Travel's Receivables came in at $920 million, up 49.1% from FY2024.
- Annual Receivables shows a four-year compound annual growth rate of 22.2% (FY2021 to FY2025).
- In prior years, Global Business Travel's Receivables was $617 million in FY2024 (-19.7%), $768 million in FY2023 (-4.1%), $801 million in FY2022 (+94.4%) and $412 million in FY2021.
- Quarterly Receivables has run from a low of $412 million in Q4 2021 to a high of $1.06 billion in Q1 2026 over five years.
- On a year-over-year basis, Receivables has increased in each of the last five quarters, with growth averaging 13.7% over the last eight quarters.
- The strongest year-over-year quarter for Receivables in the past five years was Q4 2022, with growth of 94.4%; the weakest was Q2 2024, with a decline of 26.4%.
- According to Business Quant data, Receivables for the three prior quarters was $1.06 billion (Q1 2026), $920 million (Q4 2025) and $984 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 94.30 Bn | 92.35 Bn | 1.55 Bn | 3.34 Bn |
| 2 | Hilton Worldwide Holdings | 73.03 Bn | 69.51 Bn | 3.08 Bn | 1.79 Bn |
| 3 | Royal Caribbean Cruises | 69.73 Bn | 67.31 Bn | 2.29 Bn | 441.00 Mn |
| 4 | Viking Holdings | 35.48 Bn | 20.60 Bn | 996.62 Mn | 147.53 Mn |
| 5 | Carnival | 33.80 Bn | 27.01 Bn | - | 670.00 Mn |
| 6 | Intercontinental Hotels | 26.86 Bn | 22.41 Bn | - | 1.76 Bn |
| 7 | Trip.com | 25.10 Bn | -20.45 Bn | 1.84 Bn | 2.50 Bn |
| 8 | Hyatt Hotels | 15.28 Bn | 12.76 Bn | 388.00 Mn | 1.14 Bn |
| 9 | H World | 13.25 Bn | 4.18 Bn | - | 143.63 Mn |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 1.03 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.03 Bn |
| Mar 31, 2026 | 1.06 Bn |
| Dec 31, 2025 | 920.00 Mn |
| Sep 30, 2025 | 984.00 Mn |
| Jun 30, 2025 | 781.00 Mn |
| Mar 31, 2025 | 764.00 Mn |
| Dec 31, 2024 | 617.00 Mn |
| Sep 30, 2024 | 735.00 Mn |
| Jun 30, 2024 | 762.00 Mn |
| Mar 31, 2024 | 849.00 Mn |
| Dec 31, 2023 | 768.00 Mn |
| Sep 30, 2023 | 891.00 Mn |
| Jun 30, 2023 | 1.04 Bn |
| Mar 31, 2023 | 967.00 Mn |
| Dec 31, 2022 | 801.00 Mn |
| Sep 30, 2022 | 818.00 Mn |
| Jun 30, 2022 | 711.00 Mn |
| Dec 31, 2021 | 412.00 Mn |
API Access
Global Business Travel Receivables 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=receivables&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "receivables", "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=receivables&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();