Global Business Travel (GBTG) Shares Outstanding (Diluted) (2019 - 2026)
Global Business Travel's Shares Outstanding (Diluted) came in at 520.37 million for Q2 2026, up 9.6% from 474.84 million a year earlier and up 0.2% from the prior quarter.
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Analysis
Global Business Travel (GBTG) Shares Outstanding (Diluted) (2019 - 2026) Analysis & Trends
For FY2025, Global Business Travel's Shares Outstanding (Diluted) was 492.79 million, up 6.5% from FY2024.
- Shares Outstanding (Diluted) has increased in each of the last six years, with a five-year compound annual growth rate of 67.1% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 462.7 million in FY2024 (+1.0%), 458.06 million in FY2023 (+2.8%), 445.72 million in FY2022 (+336.5%) and 102.1 million in FY2021 (+170.0%).
- The Q2 2026 figure represents the highest quarterly Shares Outstanding (Diluted) in data going back to Q4 2019.
- Year-over-year, Shares Outstanding (Diluted) has increased for 12 consecutive quarters, with growth averaging 4.5% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in Q3 2023 (growth of 836.7%), and the weakest in Q2 2023 (a decline of 86.1%).
- Business Quant data shows GBTG's Shares Outstanding (Diluted) at 519.4 million (Q1 2026), 492.79 million (Q4 2025) and 485.82 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.60 Bn | 91.65 Bn | 1.55 Bn | 264.50 Mn |
| 2 | Royal Caribbean Cruises | 74.32 Bn | 71.90 Bn | 2.29 Bn | 268.00 Mn |
| 3 | Hilton Worldwide Holdings | 72.10 Bn | 68.58 Bn | 3.08 Bn | 229.00 Mn |
| 4 | Viking Holdings | 36.31 Bn | 21.43 Bn | 996.62 Mn | 446.42 Mn |
| 5 | Carnival | 34.66 Bn | 27.87 Bn | - | 1.37 Bn |
| 6 | Intercontinental Hotels | 26.64 Bn | 22.19 Bn | - | 155.80 Mn |
| 7 | Trip.com | 24.74 Bn | -20.81 Bn | 1.84 Bn | 698.38 Mn |
| 8 | Hyatt Hotels | 14.98 Bn | 12.46 Bn | 388.00 Mn | 96.70 Mn |
| 9 | H World | 12.83 Bn | 3.76 Bn | - | 324.75 Mn |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 520.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 520.37 Mn |
| Mar 31, 2026 | 519.40 Mn |
| Dec 31, 2025 | 492.79 Mn |
| Sep 30, 2025 | 485.82 Mn |
| Jun 30, 2025 | 474.84 Mn |
| Mar 31, 2025 | 478.72 Mn |
| Dec 31, 2024 | 462.70 Mn |
| Sep 30, 2024 | 462.29 Mn |
| Jun 30, 2024 | 470.66 Mn |
| Mar 31, 2024 | 461.39 Mn |
| Dec 31, 2023 | 458.06 Mn |
| Sep 30, 2023 | 457.74 Mn |
| Jun 30, 2023 | 61.85 Mn |
| Mar 31, 2023 | 454.83 Mn |
| Dec 31, 2022 | 445.72 Mn |
| Sep 30, 2022 | 48.87 Mn |
| Jun 30, 2022 | 444.32 Mn |
| Mar 31, 2022 | 102.10 Mn |
| Dec 31, 2021 | 102.10 Mn |
| Sep 30, 2021 | 102.10 Mn |
API Access
Global Business Travel Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();