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
DateValue
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%