Global Business Travel (GBTG) Receivables (2021 - 2026)
Global Business Travel (GBTG) recorded quarterly Receivables of $1.1 billion in Q1 2026, up 15.33% quarter-over-quarter from $920.0 million in Q4 2025, and up 38.87% on a YoY basis from $764.0 million in Q1 2025.
Global Business Travel (GBTG) Receivables (2021 - 2026) Analysis & Trends
Global Business Travel's Receivables history runs 6 years deep, the most recent figure standing at $1.1 billion for Q1 2026.
- In Q1 2026, Receivables rose 38.87% year-over-year to $1.1 billion; the TTM figure through Mar 2026 stood at $1.1 billion (up 38.87% YoY), while the FY2025 annual figure was $920.0 million, up 49.11% from the prior year.
- Receivables was $1.1 billion for Q1 2026 at Global Business Travel, up from $920.0 million in the prior quarter.
- In the past five years, Receivables ranged from a high of $1.1 billion in Q1 2026 to a low of $617.0 million in Q4 2024.
- Historically, Receivables has averaged $837.4 million across 5 years, with a median of $815.0 million in 2022.
- The sharpest annual moves came in 2022 and 2024: Receivables jumped 102.27% in 2022, then decreased 23.49% in 2024.
- A 5-year view of Receivables shows it stood at $801.0 million in 2022, then fell by 4.12% to $768.0 million in 2023, then decreased by 19.66% to $617.0 million in 2024, then jumped by 49.11% to $920.0 million in 2025, then grew by 15.33% to $1.1 billion in 2026.
- The last three Receivables figures came in at $1.1 billion (Q1 2026), $920.0 million (Q4 2025), and $984.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 4.92 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 191.00 Mn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 681.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 1.06 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 5.15 Bn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 277.10 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 1.06 Bn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 159.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 2.62 Bn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 996.00 Mn |
| Mar 31, 2023 | 919.00 Mn |
| Dec 31, 2022 | 801.00 Mn |
| Sep 30, 2022 | 829.00 Mn |
| Jun 30, 2022 | 721.00 Mn |
| Dec 31, 2021 | 396.00 Mn |