Global Business Travel (GBTG) Receivables (2021 - 2026)
Global Business Travel's (GBTG) quarterly Receivables came in at $1.1 billion in Q1 2026, up 38.87% year-on-year from $764.0 million in Q1 2025, and up 15.33% quarter-over-quarter from $920.0 million in Q4 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.
- On a quarterly basis, Receivables rose 38.87% year-over-year to $1.1 billion in Q1 2026; TTM through Mar 2026 was $1.1 billion, a 38.87% increase from a year earlier, with the FY2025 full-year figure at $920.0 million, up 49.11% from the prior year.
- Receivables advanced to $1.1 billion in Q1 2026 per GBTG's latest filing, from $920.0 million in the prior quarter.
- Across five years, Receivables topped out at $1.1 billion in Q1 2026 and bottomed at $617.0 million in Q4 2024.
- The 5-year median for Receivables is $809.5 million (2022), against an average of $839.7 million.
- Across the five-year window, Receivables jumped 105.38% in 2022 and dropped 23.49% in 2024, its largest moves.
- Year by year, Receivables 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.
- Per Business Quant, the three latest GBTG Receivables figures stand at $1.1 billion (Q1 2026), $920.0 million (Q4 2025), and $984.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 4.92 Bn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 479.00 Mn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 10.55 Bn |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 59.18 Mn |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 162.39 Mn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 633.00 Mn |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 5.15 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 277.10 Mn |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 163.01 Mn |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 1.06 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 | 967.00 Mn |
| Dec 31, 2022 | 801.00 Mn |
| Sep 30, 2022 | 818.00 Mn |
| Jun 30, 2022 | 721.00 Mn |
| Dec 31, 2021 | 390.00 Mn |