Global Business Travel (GBTG) Return on Invested Capital [ROIC] (2022 - 2026)
Global Business Travel's Return on Invested Capital [ROIC] was 2.16% in Q2 2026, up 2.16 percentage points from 0.00% a year earlier but down 0.37 percentage points from the prior quarter.
Global Business Travel (GBTG) Return on Invested Capital [ROIC] (2022 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Global Business Travel came in at 3.46%, down 1.13 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a four-year change of +27.38 percentage points (FY2021 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 4.59% in FY2024 (+4.88 pp), -0.29% in FY2023 (+6.00 pp), -6.29% in FY2022 (+17.63 pp) and -23.92% in FY2021.
- Quarterly Return on Invested Capital [ROIC] has moved between -20.52% (Q1 2022) and 4.66% (Q4 2024) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in four of the last eight quarters, with an average year-over-year change of +0.90 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q1 2023 (a gain of 17.22 percentage points); the worst was Q3 2025 (a drop of 3.07 percentage points).
- Per Business Quant data, GBTG's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was 2.53% (Q1 2026), 3.18% (Q4 2025) and 0.40% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.60 Bn | 91.65 Bn | 1.55 Bn | 25.47% |
| 2 | Royal Caribbean Cruises | 74.32 Bn | 71.90 Bn | 2.29 Bn | 15.57% |
| 3 | Hilton Worldwide Holdings | 72.10 Bn | 68.58 Bn | 3.08 Bn | 30.61% |
| 4 | Viking Holdings | 36.31 Bn | 21.43 Bn | 996.62 Mn | 22.74% |
| 5 | Carnival | 34.66 Bn | 27.87 Bn | - | 11.50% |
| 6 | Intercontinental Hotels | 26.64 Bn | 22.19 Bn | - | - |
| 7 | Trip.com | 24.74 Bn | -20.81 Bn | 1.84 Bn | 5.36% |
| 8 | Hyatt Hotels | 14.98 Bn | 12.46 Bn | 388.00 Mn | -23.58% |
| 9 | H World | 12.83 Bn | 3.76 Bn | - | 42.27% |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 2.16% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.16% |
| Mar 31, 2026 | 2.53% |
| Dec 31, 2025 | 3.18% |
| Sep 30, 2025 | 0.40% |
| Jun 30, 2025 | 0.00% |
| Mar 31, 2025 | 0.00% |
| Dec 31, 2024 | 4.66% |
| Sep 30, 2024 | 3.47% |
| Jun 30, 2024 | 2.23% |
| Mar 31, 2024 | 0.67% |
| Dec 31, 2023 | -0.29% |
| Sep 30, 2023 | -1.51% |
| Jun 30, 2023 | -2.79% |
| Mar 31, 2023 | -3.30% |
| Dec 31, 2022 | -6.26% |
| Sep 30, 2022 | -11.33% |
| Jun 30, 2022 | -17.74% |
| Mar 31, 2022 | -20.52% |
Global Business Travel Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=GBTG&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();