Global Business Travel (GBTG) Research & Development (2021 - 2026)
Global Business Travel (GBTG) posted Research & Development of $160.0 million for Q2 2026, up 0.63% on a QoQ basis from $159.0 million in Q1 2026, and up 33.33% year-over-year from $120.0 million in Q2 2025.
Analysis
Global Business Travel (GBTG) Research & Development (2021 - 2026) Analysis & Trends
Global Business Travel has reported Research & Development for 6 years, with the latest figure at $160.0 million in Q2 2026.
- On a quarterly basis, Research & Development rose 33.33% year-over-year to $160.0 million in Q2 2026; TTM through Jun 2026 was $606.0 million, a 31.17% increase from a year earlier, with the FY2025 full-year figure at $527.0 million, up 19.23% from the prior year.
- Research & Development was $160.0 million for Q2 2026 at Global Business Travel, up from $159.0 million in the prior quarter.
- The five-year high for Research & Development was $160.0 million in Q2 2026, with the low at $90.0 million in Q1 2022.
- Average Research & Development over 5 years is $116.2 million, with a median of $109.0 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Research & Development jumped 64.41% in 2022, then gained 0.98% in 2023.
- Over 5 years, Research & Development stood at $99.0 million in 2022, then gained by 7.07% to $106.0 million in 2023, then grew by 3.77% to $110.0 million in 2024, then surged by 42.73% to $157.0 million in 2025, then rose by 1.91% to $160.0 million in 2026.
- The last three Research & Development figures came in at $160.0 million (Q2 2026), $159.0 million (Q1 2026), and $157.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Trip.com | 26.65 Bn | 15.19 Bn | 1.86 Bn | -543.00 Mn |
| 2 | Yatra Online | 6.38 Bn | 6.42 Bn | 12.97 Mn | 473,000.00 |
| 3 | Global Business Travel | 4.95 Bn | 4.48 Bn | 514.00 Mn | 160.00 Mn |
| 4 | Ambitions Enterprise Management Co. L.L.C | 36.55 Mn | 33.39 Mn | - | - |
| 5 | JX Luxventure | 5.82 Mn | 5.11 Mn | - | - |
| 6 | Maitong Sunshine Cultural Development | 1.92 Mn | 1.91 Mn | - | - |
| 7 | Wetour Robotics | 560,999.99 | 377,549.02 | - | - |
| 8 | Tuniu | 5.03 | -154.31 Mn | 11.27 Mn | -8.06 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 160.00 Mn |
| Mar 31, 2026 | 159.00 Mn |
| Dec 31, 2025 | 157.00 Mn |
| Sep 30, 2025 | 130.00 Mn |
| Jun 30, 2025 | 120.00 Mn |
| Mar 31, 2025 | 120.00 Mn |
| Dec 31, 2024 | 110.00 Mn |
| Sep 30, 2024 | 112.00 Mn |
| Jun 30, 2024 | 112.00 Mn |
| Mar 31, 2024 | 108.00 Mn |
| Dec 31, 2023 | 106.00 Mn |
| Sep 30, 2023 | 103.00 Mn |
| Jun 30, 2023 | 103.00 Mn |
| Mar 31, 2023 | 103.00 Mn |
| Dec 31, 2022 | 99.00 Mn |
| Sep 30, 2022 | 102.00 Mn |
| Jun 30, 2022 | 97.00 Mn |
| Mar 31, 2022 | 90.00 Mn |
| Dec 31, 2021 | 85.00 Mn |
| Sep 30, 2021 | 63.00 Mn |