Global Business Travel (GBTG) Total Debt (2020 - 2026)
Global Business Travel's Total Debt came in at $1.51 billion for Q2 2026, up 9.5% from $1.38 billion a year earlier but down 0.3% from the prior quarter.
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Analysis
Global Business Travel (GBTG) Total Debt (2020 - 2026) Analysis & Trends
At the end of FY2025, Global Business Travel's Total Debt was $1.42 billion, up 2.5% from FY2024.
- Total Debt has increased in each of the last four years, with a five-year compound annual growth rate of 293.7% (FY2020 to FY2025).
- Going back by year, Total Debt was $1.38 billion in FY2024 (+1.6%), $1.36 billion in FY2023 (+11.5%), $1.22 billion in FY2022 (+18.8%) and $1.03 billion in FY2021.
- The five-year range for quarterly Total Debt is $5.8 million (Q1 2022) to $1.52 billion (Q1 2026).
- Year-over-year, Total Debt has increased for 13 consecutive quarters, with growth averaging 3.5% over the last eight quarters.
- Across the past five years, year-over-year growth in Total Debt ran from 0.4% in Q3 2025 to 286.7% in Q1 2022.
- Business Quant data shows GBTG's Total Debt at $1.52 billion (Q1 2026), $1.42 billion (Q4 2025) and $1.39 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 94.30 Bn | 92.35 Bn | 1.55 Bn | 16.92 Bn |
| 2 | Hilton Worldwide Holdings | 73.03 Bn | 69.51 Bn | 3.08 Bn | 13.34 Bn |
| 3 | Royal Caribbean Cruises | 69.73 Bn | 67.31 Bn | 2.29 Bn | 22.84 Bn |
| 4 | Viking Holdings | 35.48 Bn | 20.60 Bn | 996.62 Mn | 5.94 Bn |
| 5 | Carnival | 33.80 Bn | 27.01 Bn | - | 23.91 Bn |
| 6 | Intercontinental Hotels | 26.86 Bn | 22.41 Bn | - | -2.09 Bn |
| 7 | Trip.com | 25.10 Bn | -20.45 Bn | 1.84 Bn | 3.88 Bn |
| 8 | Hyatt Hotels | 15.28 Bn | 12.76 Bn | 388.00 Mn | 4.28 Bn |
| 9 | H World | 13.25 Bn | 4.18 Bn | - | 620.63 Mn |
| 10 | Global Business Travel | 4.96 Bn | 3.19 Bn | 514.00 Mn | 1.51 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.51 Bn |
| Mar 31, 2026 | 1.52 Bn |
| Dec 31, 2025 | 1.42 Bn |
| Sep 30, 2025 | 1.39 Bn |
| Jun 30, 2025 | 1.38 Bn |
| Mar 31, 2025 | 1.38 Bn |
| Dec 31, 2024 | 1.38 Bn |
| Sep 30, 2024 | 1.38 Bn |
| Jun 30, 2024 | 1.37 Bn |
| Mar 31, 2024 | 1.36 Bn |
| Dec 31, 2023 | 1.36 Bn |
| Sep 30, 2023 | 1.36 Bn |
| Jun 30, 2023 | 1.36 Bn |
| Mar 31, 2023 | 1.36 Bn |
| Dec 31, 2022 | 1.22 Bn |
| Sep 30, 2022 | 1.22 Bn |
| Jun 30, 2022 | 1.22 Bn |
| Mar 31, 2022 | 5.80 Mn |
| Dec 31, 2021 | 1.03 Bn |
| Jun 30, 2021 | 1.50 Mn |
API Access
Global Business Travel Total Debt 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=total-debt&ticker=GBTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=GBTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();