Global Business Travel (GBTG) Tax Rate (2021 - 2026)
Global Business Travel's (GBTG) quarterly Tax Rate came in at 381.82% in Q1 2026, down 40369.0% year-on-year from N/an in Q1 2025, and down 737.06% quarter-over-quarter from 45.61% in Q4 2025.
Global Business Travel (GBTG) Tax Rate (2021 - 2026) Analysis & Trends
Global Business Travel's Tax Rate history runs 6 years deep, the most recent figure standing at 381.82% for Q1 2026.
- On a quarterly basis, Tax Rate fell 40369.0% year-over-year to 381.82% in Q1 2026; TTM through Mar 2026 was 37.1%, a 39004.0% decrease from a year earlier, with the FY2025 full-year figure at 27.21%, up 12017.0% from the prior year.
- Tax Rate slipped to 381.82% in Q1 2026 per GBTG's latest filing, from 45.61% in the prior quarter.
- Across five years, Tax Rate topped out at 337.5% in Q1 2024 and bottomed at 2600.0% in Q2 2024.
- The 5-year median for Tax Rate is 12.2% (2022), against an average of 161.38%.
- Across the five-year window, Tax Rate tumbled 260351 bps in 2024 and surged 266176 bps in 2025, its largest moves.
- Year by year, Tax Rate stood at 25.88% in 2022, then tumbled by 127 bps to 6.98% in 2023, then sank by 2528 bps to 183.33% in 2024, then jumped by 75 bps to 45.61% in 2025, then tumbled by 737 bps to 381.82% in 2026.
- Per Business Quant, the three latest GBTG Tax Rate figures stand at 381.82% (Q1 2026), 45.61% (Q4 2025), and 60.0% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 22.59% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 2.66% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 43.06% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -14.69% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | -1.63% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 3.06% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 148.00% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 2.78% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | -19.68% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | -381.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -381.82% |
| Mar 31, 2026 | -381.82% |
| Mar 31, 2026 | -381.82% |
| Dec 31, 2025 | -45.61% |
| Dec 31, 2025 | -45.61% |
| Dec 31, 2025 | -45.61% |
| Sep 30, 2025 | -60.00% |
| Sep 30, 2025 | -60.00% |
| Sep 30, 2025 | -60.00% |
| Jun 30, 2025 | 61.76% |
| Jun 30, 2025 | 61.76% |
| Jun 30, 2025 | 61.76% |
| Mar 31, 2025 | 21.88% |
| Mar 31, 2025 | 21.88% |
| Mar 31, 2025 | 21.88% |
| Dec 31, 2024 | -183.33% |
| Dec 31, 2024 | -183.33% |
| Dec 31, 2024 | -183.33% |
| Sep 30, 2024 | -72.97% |
| Sep 30, 2024 | -72.97% |