Global Business Travel (GBTG) Retained Earnings (2019 - 2026)
Global Business Travel's Retained Earnings was -$1.4 billion in Q2 2026, compared with -$1.49 billion a year earlier.
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Analysis
Global Business Travel (GBTG) Retained Earnings (2019 - 2026) Analysis & Trends
At the end of FY2025, Retained Earnings at Global Business Travel came in at -$1.47 billion.
- In earlier years, Retained Earnings was -$1.58 billion in FY2024, -$1.44 billion in FY2023, -$175 million in FY2022 and -$1.07 billion in FY2021.
- The Q2 2026 figure marks the highest quarterly Retained Earnings since Q3 2023.
- Per Business Quant data, GBTG's Retained Earnings in the three quarters before Q2 2026 was -$1.41 billion (Q1 2026), -$1.47 billion (Q4 2025) and -$1.55 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn | 19.46 Bn |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn | -710.00 Mn |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn | 7.19 Bn |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn | - |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - | 6.71 Bn |
| 6 | Intercontinental Hotels | 26.49 Bn | 22.05 Bn | - | - |
| 7 | Trip.com | 25.40 Bn | -20.15 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 14.95 Bn | 12.43 Bn | 388.00 Mn | 3.48 Bn |
| 9 | H World | 13.15 Bn | 4.07 Bn | - | 462.00 Mn |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | -1.40 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.40 Bn |
| Mar 31, 2026 | -1.41 Bn |
| Dec 31, 2025 | -1.47 Bn |
| Sep 30, 2025 | -1.55 Bn |
| Jun 30, 2025 | -1.49 Bn |
| Mar 31, 2025 | -1.50 Bn |
| Dec 31, 2024 | -1.58 Bn |
| Sep 30, 2024 | -1.56 Bn |
| Jun 30, 2024 | -1.43 Bn |
| Mar 31, 2024 | -1.46 Bn |
| Dec 31, 2023 | -1.44 Bn |
| Sep 30, 2023 | -1.39 Bn |
| Jun 30, 2023 | -191.00 Mn |
| Mar 31, 2023 | -177.00 Mn |
| Dec 31, 2022 | -175.00 Mn |
| Sep 30, 2022 | -148.00 Mn |
| Jun 30, 2022 | -128.00 Mn |
| Mar 31, 2022 | -103.06 Mn |
| Dec 31, 2021 | -1.07 Bn |
| Sep 30, 2021 | -71.18 Mn |
API Access
Global Business Travel Retained Earnings API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=retained-earnings&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "ticker": "GBTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=retained-earnings&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();