Global Business Travel (GBTG) Research & Development (2021 - 2026)

Global Business Travel's Research & Development history runs 6 years deep, the most recent figure standing at $159.0 million for Q1 2026.

• In Q1 2026, Research & Development rose 32.5% year-over-year to $159.0 million; the TTM figure through Mar 2026 stood at $566.0 million (up 24.67% YoY), while the FY2025 annual figure was $527.0 million, up 19.23% from the prior year.
• Research & Development was $159.0 million for Q1 2026 at Global Business Travel, up from $157.0 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $159.0 million in Q1 2026 to a low of $90.0 million in Q1 2022.
• Historically, Research & Development has averaged $113.5 million across 5 years, with a median of $108.0 million in 2024.
• The sharpest annual moves came in 2022 and 2023: Research & Development soared 64.41% in 2022, then rose 0.98% in 2023.
• A 5-year view of Research & Development shows it stood at $99.0 million in 2022, then rose by 7.07% to $106.0 million in 2023, then climbed by 3.77% to $110.0 million in 2024, then jumped by 42.73% to $157.0 million in 2025, then grew by 1.27% to $159.0 million in 2026.
• The last three Research & Development figures came in at $159.0 million (Q1 2026), $157.0 million (Q4 2025), and $130.0 million (Q3 2025), per Business Quant data.