Global Business Travel (GBTG) Return on Capital Employed (2022 - 2026)
Global Business Travel (GBTG) posted quarterly Return on Capital Employed of 2.23% for Q1 2026, down 328.0% year-over-year from 0.98% in Q1 2025, and down 40.8% quarter-over-quarter from 3.76% in Q4 2025.
Global Business Travel (GBTG) Return on Capital Employed (2022 - 2026) Analysis & Trends
Global Business Travel's Return on Capital Employed history runs 5 years deep, the most recent figure standing at 2.23% for Q1 2026.
- In Q1 2026, Return on Capital Employed fell 328.0% year-over-year to 2.23%; the TTM figure through Mar 2026 stood at 2.23% (down 328.0% YoY), while the FY2025 annual figure was 4.5%, up 54.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 2.23%, down from 3.76% in the prior quarter.
- The five-year high for Return on Capital Employed was 5.51% in Q1 2025, with the low at 27.74% in Q2 2022.
- The 5-year median for Return on Capital Employed is 0.6% (2024), against an average of 2.81%.
- The sharpest annual moves came in 2023 and 2026: Return on Capital Employed jumped 2479 bps in 2023, then tumbled 328 bps in 2026.
- Global Business Travel's Return on Capital Employed stood at 6.73% in 2022, then soared by 96 bps to 0.27% in 2023, then surged by 1575 bps to 3.95% in 2024, then fell by 5 bps to 3.76% in 2025, then tumbled by 41 bps to 2.23% in 2026.
- Business Quant data shows GBTG's Return on Capital Employed at 2.23% in Q1 2026, 3.76% in Q4 2025, and 4.38% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 158.46 Bn | 141.25 Bn | 4.98 Bn | 121.68% |
| 2 | Airbnb | 106.78 Bn | 94.71 Bn | 2.98 Bn | 28.23% |
| 3 | Royal Caribbean Cruises | 80.66 Bn | 79.74 Bn | 2.29 Bn | 16.12% |
| 4 | Viking Holdings | 44.63 Bn | 40.83 Bn | 713.43 Mn | 24.37% |
| 5 | Expedia | 38.98 Bn | 31.85 Bn | 3.91 Bn | 33.85% |
| 6 | Carnival | 38.25 Bn | 36.01 Bn | - | 11.61% |
| 7 | Trip.com | 29.13 Bn | 17.43 Bn | 1.86 Bn | 8.69% |
| 8 | Norwegian Cruise Line Holdings | 8.43 Bn | 8.21 Bn | 1.05 Bn | 8.72% |
| 9 | MakeMyTrip | 5.84 Bn | 5.06 Bn | 212.91 Mn | 11.21% |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 1.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.90% |
| Mar 31, 2026 | 2.23% |
| Dec 31, 2025 | 3.76% |
| Sep 30, 2025 | 4.38% |
| Jun 30, 2025 | 5.01% |
| Mar 31, 2025 | 5.51% |
| Dec 31, 2024 | 3.95% |
| Sep 30, 2024 | 3.06% |
| Jun 30, 2024 | 1.95% |
| Mar 31, 2024 | 0.60% |
| Dec 31, 2023 | -0.27% |
| Sep 30, 2023 | -1.63% |
| Jun 30, 2023 | -2.94% |
| Mar 31, 2023 | -3.75% |
| Dec 31, 2022 | -6.73% |
| Sep 30, 2022 | -12.00% |
| Jun 30, 2022 | -27.74% |
| Mar 31, 2022 | -23.13% |