Global Business Travel (GBTG) Retained Earnings (2019 - 2026)
Global Business Travel (GBTG) recorded quarterly Retained Earnings of -$1.4 billion in Q1 2026, down 1785.33% quarter-over-quarter from -$75.0 million in Q4 2025, and up 5.73% on a YoY basis from -$1.3 billion in Q1 2025.
Global Business Travel (GBTG) Retained Earnings (2019 - 2026) Analysis & Trends
Global Business Travel's Retained Earnings history runs 8 years deep, the most recent figure standing at -$1.4 billion for Q1 2026.
- In Q1 2026, Retained Earnings rose 5.73% year-over-year to -$1.4 billion; the TTM figure through Mar 2026 stood at -$1.4 billion (up 5.73% YoY), while the FY2025 annual figure was -$75.0 million, up 48.63% from the prior year.
- Retained Earnings was -$1.4 billion for Q1 2026 at Global Business Travel, down from -$75.0 million in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of -$30.0 million in Q2 2022 to a low of -$1.5 billion in Q1 2025.
- Historically, Retained Earnings has averaged -$506.0 million across 5 years, with a median of -$146.0 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Retained Earnings jumped 89.84% in 2024, then slumped 1109.68% in 2025.
- A 5-year view of Retained Earnings shows it stood at -$175.0 million in 2022, then tumbled by 721.14% to -$1.4 billion in 2023, then surged by 89.84% to -$146.0 million in 2024, then surged by 48.63% to -$75.0 million in 2025, then tumbled by 1785.33% to -$1.4 billion in 2026.
- The last three Retained Earnings figures came in at -$1.4 billion (Q1 2026), -$75.0 million (Q4 2025), and -$93.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 41.42 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | -6.40 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | -385.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | -1.74 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | -188.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | -327.77 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -1.41 Bn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 2.45 Bn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 453.86 Mn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | -2.79 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.41 Bn |
| Dec 31, 2025 | -75.00 Mn |
| Sep 30, 2025 | -93.00 Mn |
| Jun 30, 2025 | -1.49 Bn |
| Mar 31, 2025 | -1.50 Bn |
| Dec 31, 2024 | -146.00 Mn |
| Sep 30, 2024 | -94.00 Mn |
| Jun 30, 2024 | -1.43 Bn |
| Mar 31, 2024 | -124.00 Mn |
| Dec 31, 2023 | -1.44 Bn |
| Sep 30, 2023 | -91.00 Mn |
| Jun 30, 2023 | -191.00 Mn |
| Mar 31, 2023 | -177.00 Mn |
| Dec 31, 2022 | -175.00 Mn |
| Sep 30, 2022 | -35.00 Mn |
| Jun 30, 2022 | -30.00 Mn |
| Mar 31, 2022 | -103.06 Mn |
| Dec 31, 2021 | -162.00 Mn |
| Sep 30, 2021 | -71.18 Mn |
| Jun 30, 2021 | -82.33 Mn |