Global Business Travel (GBTG) Tax Rate (2021 - 2026)
Global Business Travel (GBTG) posted quarterly Tax Rate of 381.82% for Q1 2026, down 40369.0% year-over-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.
- In Q1 2026, Tax Rate fell 40369.0% year-over-year to 381.82%; the TTM figure through Mar 2026 stood at 37.1% (down 39004.0% YoY), while the FY2025 annual figure was 27.21%, up 12017.0% from the prior year.
- Tax Rate for Q1 2026 stood at 381.82%, down from 45.61% in the prior quarter.
- The five-year high for Tax Rate was 337.5% in Q1 2024, with the low at 2600.0% in Q2 2024.
- The 5-year median for Tax Rate is 12.2% (2022), against an average of 161.38%.
- The sharpest annual moves came in 2024 and 2025: Tax Rate slumped 260351 bps in 2024, then surged 266176 bps in 2025.
- Global Business Travel's Tax Rate stood at 25.88% in 2022, then plunged by 127 bps to 6.98% in 2023, then slumped by 2528 bps to 183.33% in 2024, then soared by 75 bps to 45.61% in 2025, then plunged by 737 bps to 381.82% in 2026.
- Business Quant data shows GBTG's Tax Rate at 381.82% in Q1 2026, 45.61% in Q4 2025, and 60.0% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.57 Bn | 142.35 Bn | 4.98 Bn | 23.83% |
| 2 | Airbnb | 106.73 Bn | 94.66 Bn | 2.98 Bn | 9.03% |
| 3 | Royal Caribbean Cruises | 81.46 Bn | 80.53 Bn | 2.29 Bn | 1.22% |
| 4 | Viking Holdings | 44.84 Bn | 41.03 Bn | 713.43 Mn | -1.63% |
| 5 | Expedia | 39.09 Bn | 31.96 Bn | 3.91 Bn | 14.80% |
| 6 | Carnival | 38.41 Bn | 36.17 Bn | - | 3.06% |
| 7 | Trip.com | 29.10 Bn | 17.41 Bn | 1.86 Bn | -19.46% |
| 8 | Norwegian Cruise Line Holdings | 8.48 Bn | 8.27 Bn | 1.05 Bn | 1.51% |
| 9 | MakeMyTrip | 5.86 Bn | 5.09 Bn | 212.91 Mn | -41.01% |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 13.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.33% |
| Jun 30, 2026 | 13.33% |
| Jun 30, 2026 | 13.33% |
| 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% |