Cash flow Global Business Travel Group, Inc.

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GBTG

US37890B1008

Internet Services

End-of-day quote NYSE Other stock markets 2026-07-09			5-day change	1st Jan Change
9.390 ^USD	-0.11%		-0.11%	+22.75%

Jun. 16	Global Business Travel Group Insider Sold Shares Worth $2,020,065, According to a Recent SEC Filing	MT
May. 12	Global Business Travel Group, Inc. Announces Departure of Evp, Chief Technology Officer John David Thompson, Effective May 31, 2026	CI

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Published financial data: GLOBAL BUSINESS TRAVEL GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	763M	1.85B	2.29B	2.42B	2.72B
Total Revenues	763M	1.85B	2.29B	2.42B	2.72B
Cost of Goods Sold, Total	477M	832M	958M	967M	1.08B
Gross Profit	286M	1.02B	1.33B	1.46B	1.63B
Selling General & Admin Expenses, Total	633M	986M	1.06B	1.16B	1.21B
Depreciation & Amortization - (IS)	154M	182M	191M	178M	189M
Other Operating Expenses, Total	787M	1.17B	1.26B	1.33B	1.4B
Operating Income	-501M	-149M	76M	123M	236M
Interest Expense, Total	-53M	-98M	-141M	-115M	-95M
Interest And Investment Income	1M	-	1M	6M	8M
Net Interest Expenses	-52M	-98M	-140M	-109M	-87M
Income (Loss) On Equity Invest.	-8M	-3M	-	3M	4M
Currency Exchange Gains (Loss)	-	-	-5M	22M	-19M
Other Non Operating Income (Expenses)	-	1M	-	-	-
EBT, Excl. Unusual Items	-561M	-249M	-69M	39M	134M
Restructuring Charges	-14M	3M	-52M	-13M	-61M
Merger & Related Restructuring Charges	-36M	-52M	-37M	-	-55M
Gain (Loss) On Sale Of Investments	-	-	-	-	39M
Gain (Loss) On Sale Of Assets	-1M	-	-	-	-
Other Unusual Items	-49M	8M	13M	-94M	94M
EBT, Incl. Unusual Items	-661M	-290M	-145M	-68M	151M
Income Tax Expense	-186M	-61M	-9M	66M	40M
Earnings From Continuing Operations	-475M	-229M	-136M	-134M	111M
Net Income to Company	-475M	-229M	-136M	-134M	111M
Minority Interest	2M	204M	73M	-4M	-2M
Net Income - (IS)	-473M	-25M	-63M	-138M	109M
Preferred Dividend and Other Adjustments	10M	-	-	-	-
Net Income to Common Incl Extra Items	-483M	-25M	-63M	-138M	109M
Net Income to Common Excl. Extra Items	-483M	-25M	-63M	-138M	109M
Per Share Items
Net EPS - Basic	-12.91	-0.49	-0.25	-0.3	0.22
Basic EPS - Continuing Operations	-12.91	-0.49	-0.25	-0.3	0.22
Basic Weighted Average Shares Outstanding	37.41M	51.27M	252M	463M	485M
Net EPS - Diluted	-12.91	-0.51	-0.3	-0.3	0.22
Diluted EPS - Continuing Operations	-12.91	-0.51	-0.3	-0.3	0.22
Diluted Weighted Average Shares Outstanding	37.41M	446M	458M	463M	493M
Normalized Basic EPS	-9.32	0.94	0.12	0.04	0.17
Normalized Diluted EPS	-9.32	0.11	0.07	0.04	0.17
Supplemental Items
EBITDA	-399M	-29M	196M	301M	328M
EBITA	-434M	-56M	166M	123M	296M
EBIT	-501M	-149M	76M	123M	236M
EBITDAR	-371M	-3M	227M	-	359M
Effective Tax Rate - (Ratio)	28.14	21.03	6.21	-97.06	26.49
Current Domestic Taxes	-1M	-	14M	-	30M
Current Foreign Taxes	-7M	4M	7M	-	25M
Total Current Taxes	-8M	4M	21M	-	55M
Deferred Domestic Taxes	-132M	-35M	-34M	-	16M
Deferred Foreign Taxes	-46M	-30M	4M	-	-31M
Total Deferred Taxes	-178M	-65M	-30M	-	-15M
Normalized Net Income	-349M	48.38M	29.88M	20.38M	81.75M
Interest on Long-Term Debt	19M	-	141M	-	4M
Non-Cash Pension Expense	-9M	-8M	5M	-	10M
Supplemental Operating Expense Items
Advertising Expense	2M	6M	5M	-	6M
Selling and Marketing Expenses	203M	343M	393M	400M	442M
General and Administrative Expenses	439M	643M	667M	750M	756M
Net Rental Expense, Total	28M	26M	31M	-	31M
Imputed Operating Lease Interest Expense	13.14M	16.95M	25.53M	-	15.59M
Imputed Operating Lease Depreciation	14.86M	9.05M	5.47M	-	15.41M
Stock-Based Comp., COGS (Total)	-	2M	4M	-	4M
Stock-Based Comp., S&M Exp. (Total)	-	14M	28M	-	18M
Stock-Based Comp., G&A Exp. (Total)	3M	23M	43M	-	54M
Stock-Based Comp., Other (Total)	-	-	-	77M	-
Total Stock-Based Compensation	3M	39M	75M	77M	76M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	516M	303M	476M	536M	434M
Total Cash And Short Term Investments	516M	303M	476M	536M	434M
Accounts Receivable, Total	381M	765M	761M	571M	920M
Other Receivables	61M	73M	29M	46M	31M
Total Receivables	442M	838M	790M	617M	951M
Prepaid Expenses	73M	93M	58M	128M	95M
Other Current Assets, Total	21M	-	36M	-	89M
Total Current Assets	1.05B	1.23B	1.36B	1.28B	1.57B
Gross Property Plant And Equipment	495M	553M	640M	-	908M
Accumulated Depreciation	-220M	-277M	-358M	-	-534M
Net Property Plant And Equipment	275M	276M	282M	291M	374M
Long-term Investments	17M	24M	21M	14M	43M
Goodwill	1.36B	1.19B	1.21B	1.2B	1.67B
Other Intangibles, Total	746M	636M	552M	480M	851M
Deferred Tax Assets Long-Term	282M	333M	281M	268M	298M
Other Long-Term Assets, Total	41M	37M	43M	89M	110M
Total Assets	3.77B	3.73B	3.75B	3.62B	4.92B
Liabilities
Accounts Payable, Total	137M	253M	302M	263M	515M
Accrued Expenses, Total	351M	352M	356M	461M	404M
Current Portion of Long-Term Debt	3M	3M	7M	19M	58M
Current Portion of Leases	21M	17M	17M	15M	26M
Current Income Taxes Payable	7M	4M	-	-	69M
Unearned Revenue Current, Total	18M	19M	19M	-	23M
Other Current Liabilities	184M	125M	130M	22M	286M
Total Current Liabilities	721M	773M	831M	780M	1.38B
Long-Term Debt	1.02B	1.22B	1.36B	1.36B	1.4B
Long-Term Leases	61M	61M	55M	63M	76M
Pension & Other Post Retirement Benefits	333M	147M	183M	156M	163M
Deferred Tax Liability Non Current	119M	24M	5M	36M	99M
Other Non Current Liabilities	23M	133M	105M	167M	136M
Total Liabilities	2.28B	2.36B	2.54B	2.57B	3.26B
Preferred Stock Redeemable	160M	-	-	-	-
Total Preferred Equity	160M	-	-	-	-
Additional Paid In Capital	2.56B	334M	2.75B	2.83B	3.28B
Retained Earnings	-1.06B	-175M	-1.44B	-1.58B	-1.47B
Treasury Stock	-	-	-	-55M	-128M
Comprehensive Income and Other	-162M	-7M	-103M	-146M	-75M
Total Common Equity	1.33B	152M	1.21B	1.05B	1.61B
Minority Interest	1M	1.22B	4M	6M	53M
Total Equity	1.49B	1.37B	1.21B	1.06B	1.66B
Total Liabilities And Equity	3.77B	3.73B	3.75B	3.62B	4.92B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	36M	69.5M	473M	471M	524M
ECS Total Common Shares Outstanding	36M	67.75M	467M	471M	521M
Book Value / Share	37.03	2.24	2.59	2.23	3.09
Tangible Book Value	-771M	-1.67B	-556M	-630M	-914M
Tangible Book Value Per Share	-21.42	-24.68	-1.19	-1.34	-1.75
Total Debt	1.1B	1.3B	1.44B	1.46B	1.56B
Net Debt	589M	997M	963M	926M	1.13B
Debt Equivalent of Unfunded Proj. Benefit Obligation	331M	145M	179M	-	146M
Debt Equivalent Oper. Leases	224M	208M	248M	-	248M
Minority Interest, Total (Incl. Fin. Div)	1M	1.22B	4M	6M	53M
Equity Method Investments, Total	17M	14M	14M	14M	43M
Account Code - Inventory Valuation	-	-	3	-	3
Machinery, Total	71M	76M	75M	-	84M
Full Time Employees	16.68K	19K	19K	-	27K
Accumulated Allowance for Doubtful Accounts (Supple)	4M	23M	12M	10M	9M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-473M	-25M	-63M	-138M	109M
Depreciation & Amortization - CF	35M	27M	30M	178M	32M
Amortization of Goodwill and Intangible Assets - (CF)	67M	93M	90M	-	60M
Depreciation & Amortization, Total	102M	120M	120M	178M	92M
Amortization of Deferred Charges, Total - (CF)	57M	62M	71M	-	97M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-39M
Asset Writedown & Restructuring Costs	1M	-	3M	-	3M
(Income) Loss On Equity Investments - (CF)	8M	-	-	-	-
Stock-Based Compensation (CF)	3M	39M	75M	77M	76M
Provision and Write-off of Bad Debts	-5M	19M	9M	9M	5M
Other Operating Activities, Total	-167M	-264M	-128M	78M	-73M
Change In Accounts Receivable	-85M	-427M	49M	123M	-48M
Change In Accounts Payable	2M	122M	26M	-5M	-7M
Change in Other Net Operating Assets	45M	-40M	0	-50M	18M
Cash from Operations	-512M	-394M	162M	272M	233M
Capital Expenditure	-44M	-94M	-113M	-107M	-129M
Cash Acquisitions	20M	-	-	-	-104M
Other Investing Activities, Total	-3M	-1M	-6M	5M	27M
Cash from Investing	-27M	-95M	-119M	-102M	-206M
Long-Term Debt Issued, Total	935M	200M	131M	1.4B	99M
Total Debt Issued	935M	200M	131M	1.4B	99M
Long-Term Debt Repaid, Total	-553M	-5M	-5M	-1.37B	-113M
Total Debt Repaid	-553M	-5M	-5M	-1.37B	-113M
Issuance of Common Stock	-	-	7M	29M	8M
Repurchase of Common Stock	-1M	-	-14M	-83M	-116M
Issuance of Preferred Stock	150M	-	-	-	-
Repurchase of Preferred Stock	-	-168M	-	-	-
Other Financing Activities, Total	-53M	265M	1M	-56M	-6M
Cash from Financing	478M	292M	120M	-85M	-128M
Foreign Exchange Rate Adjustments	-7M	-12M	10M	-13M	19M
Net Change in Cash	-68M	-209M	173M	72M	-82M
Supplemental Items
Cash Income Tax Paid (Refund)	-5M	1M	2M	14M	52M
Levered Free Cash Flow	-325M	-366M	213M	231M	385M
Unlevered Free Cash Flow	-297M	-305M	302M	303M	444M
Change In Net Working Capital	97M	339M	-101M	-78M	-161M
Net Debt Issued / Repaid	382M	195M	126M	25M	-14M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-9.59	-2.48	1.27	2.08	3.45
Return on Total Capital	-14.61	-3.53	1.78	2.98	5.14
Return On Equity %	-38.34	-15.99	-10.53	-11.81	8.17
Return on Common Equity	-41.75	-3.37	-9.26	-12.22	8.2
Margin Analysis
Gross Profit Margin %	37.48	55.05	58.17	60.09	60.08
SG&A Margin	82.96	53.27	46.51	47.67	44.44
EBITDA Margin %	-52.29	-1.57	8.56	12.42	12.07
EBITA Margin %	-56.88	-3.03	7.25	5.08	10.89
EBIT Margin %	-65.66	-8.05	3.32	5.08	8.68
Income From Continuing Operations Margin %	-62.25	-12.37	-5.94	-5.53	4.08
Net Income Margin %	-61.99	-1.35	-2.75	-5.7	4.01
Net Avail. For Common Margin %	-63.3	-1.35	-2.75	-5.7	4.01
Normalized Net Income Margin	-45.69	2.61	1.3	0.84	3.01
Levered Free Cash Flow Margin	-42.63	-19.79	9.32	9.53	14.17
Unlevered Free Cash Flow Margin	-38.94	-16.48	13.17	12.5	16.35
Asset Turnover
Asset Turnover	0.23	0.49	0.61	0.66	0.64
Fixed Assets Turnover	2.91	6.72	8.21	8.46	8.17
Receivables Turnover (Average Receivables)	2.91	3.23	2.94	3.74	3.54
Short Term Liquidity
Current Ratio	1.46	1.6	1.64	1.64	1.14
Quick Ratio	1.33	1.48	1.52	1.48	1
Operating Cash Flow to Current Liabilities	-0.71	-0.51	0.19	0.35	0.17
Days Sales Outstanding (Average Receivables)	125.57	112.99	124.24	97.96	103.2
Average Days Payable Outstanding	89.15	85.55	105.73	106.92	130.86
Long Term Solvency
Total Debt/Equity	73.96	94.82	118.73	138.32	93.92
Total Debt / Total Capital	42.52	48.67	54.28	58.04	48.43
LT Debt/Equity	72.36	93.36	116.75	135.1	88.86
Long-Term Debt / Total Capital	41.59	47.92	53.38	56.69	45.82
Total Liabilities / Total Assets	60.38	63.22	67.69	70.83	66.21
EBIT / Interest Expense	-9.45	-1.52	0.54	1.07	2.48
EBITDA / Interest Expense	-7	-0.03	1.61	2.89	3.78
(EBITDA - Capex) / Interest Expense	-7.83	-0.99	0.81	1.96	2.42
Total Debt / EBITDA	-2.98	-433.33	6.34	4.4	4.35
Net Debt / EBITDA	-1.59	-332.33	4.24	2.79	3.14
Total Debt / (EBITDA - Capex)	-2.66	-13.4	12.62	6.5	6.78
Net Debt / (EBITDA - Capex)	-1.42	-10.28	8.45	4.12	4.9
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.78	142.6	23.72	5.81	12.17
Gross Profit, 1 Yr. Growth %	8.33	256.29	30.72	9.56	12.16
EBITDA, 1 Yr. Growth %	-4.77	-92.73	-1.03K	34.98	11.19
EBITA, 1 Yr. Growth %	-4.19	-87.1	-445.83	324.14	10.45
EBIT, 1 Yr. Growth %	-2.72	-70.26	-153.9	324.14	19.8
Earnings From Cont. Operations, 1 Yr. Growth %	-23.26	-51.79	-40.61	-1.47	-182.84
Net Income, 1 Yr. Growth %	-23.46	-	152	119.05	-178.99
Normalized Net Income, 1 Yr. Growth %	4.77	-61.11	-38.24	3.98K	22.7
Diluted EPS Before Extra, 1 Yr. Growth %	-24.84	-	-42.21	1.04	-173.33
Accounts Receivable, 1 Yr. Growth %	164.58	100.79	-4.64	-21.35	49.11
Net Property, Plant and Equip., 1 Yr. Growth %	10.44	0.36	2.17	3.19	28.52
Total Assets, 1 Yr. Growth %	36.73	-1.14	0.62	-3.39	35.65
Tangible Book Value, 1 Yr. Growth %	95.19	116.86	-66.75	13.31	45.08
Common Equity, 1 Yr. Growth %	35.88	-88.6	694.74	-13	53
Cash From Operations, 1 Yr. Growth %	104.8	-23.05	-141.12	67.9	-14.34
Capital Expenditures, 1 Yr. Growth %	-6.38	113.64	20.21	-5.31	20.56
Levered Free Cash Flow, 1 Yr. Growth %	-397.71	10.94	-159.05	23.53	39.41
Unlevered Free Cash Flow, 1 Yr. Growth %	-341.32	2.69	-200.46	10.09	27.68
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-39.99	52.78	73.24	14.41	8.94
Gross Profit, 2 Yr. CAGR %	-51.96	96.46	115.81	19.53	10.85
EBITDA, 2 Yr. CAGR %	4.84	-73.69	-31.61	278.59	43.63
EBITA, 2 Yr. CAGR %	13.31	-64.84	-39.53	60.08	51.48
EBIT, 2 Yr. CAGR %	36.22	-46.21	-61.81	-6.6	145.99
Earnings From Cont. Operations, 2 Yr. CAGR %	85.53	-39.18	-46.49	-23.5	-9.66
Net Income, 2 Yr. CAGR %	87.88	-	-	134.95	31.54
Normalized Net Income, 2 Yr. CAGR %	48.02	-58.82	-48.18	-35.1	248.01
Diluted EPS Before Extra, 2 Yr. CAGR %	89.12	-	-	-23.59	-13.92
Accounts Receivable, 2 Yr. CAGR %	-24.31	130.49	41.33	-15.41	9.95
Net Property, Plant and Equip., 2 Yr. CAGR %	10.55	5.28	1.26	2.68	15.16
Total Assets, 2 Yr. CAGR %	10.4	16.26	-0.27	-1.4	14.48
Tangible Book Value, 2 Yr. CAGR %	76.68	105.74	-15.08	-38.62	28.21
Common Equity, 2 Yr. CAGR %	-10.87	-60.64	-4.8	162.95	15.37
Cash From Operations, 2 Yr. CAGR %	50.18	25.54	-43.75	-16.91	19.93
Capital Expenditures, 2 Yr. CAGR %	-15.76	41.42	60.26	6.69	6.85
Levered Free Cash Flow, 2 Yr. CAGR %	-	85.69	-21.1	-20.05	42.28
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	57.42	-1.32	0.46	26.36
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-26.21	-4.41	42.4	46.99	13.66
Gross Profit, 3 Yr. CAGR %	-35.9	-6.31	71.51	72.03	17.02
EBITDA, 3 Yr. CAGR %	29.91	-56.93	-22.37	-10.44	65.01
EBITA, 3 Yr. CAGR %	39.17	-45.08	-28.44	-35.29	43.58
EBIT, 3 Yr. CAGR %	72.27	-17.98	-47.16	-38.2	6.93
Earnings From Cont. Operations, 3 Yr. CAGR %	178.46	18.39	-39.66	-34.42	-21.45
Net Income, 3 Yr. CAGR %	191.99	-42.86	-	-	63.37
Normalized Net Income, 3 Yr. CAGR %	114.91	-32.76	-52.86	-43.21	72.69
Diluted EPS Before Extra, 3 Yr. CAGR %	193.64	-47.79	-	-	-24.63
Accounts Receivable, 3 Yr. CAGR %	-	4.78	74.18	14.44	4.86
Net Property, Plant and Equip., 3 Yr. CAGR %	-	7.05	4.24	1.9	10.66
Total Assets, 3 Yr. CAGR %	-	6.41	10.79	-1.32	9.66
Tangible Book Value, 3 Yr. CAGR %	-	89.17	12.07	-6.51	-18.23
Common Equity, 3 Yr. CAGR %	-	-55.09	7.18	-7.62	119.52
Cash From Operations, 3 Yr. CAGR %	55.18	20.18	-13.46	-19.01	-16.06
Capital Expenditures, 3 Yr. CAGR %	-12.64	14.88	33.97	34.48	11.13
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	26.16	-12.32	-0.75
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	34.79	-0.73	10.15
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	3.82	2.72	27.94
Gross Profit, 5 Yr. CAGR %	-	-	4.17	3.28	43.97
EBITDA, 5 Yr. CAGR %	-	-	1.49	-3.68	-4.78
EBITA, 5 Yr. CAGR %	-	-	0.61	-18.3	-8.16
EBIT, 5 Yr. CAGR %	-	-	-4.96	-14.55	-14.45
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	43.95	-0.59	-29.09
Net Income, 5 Yr. CAGR %	-	-	27.09	0.59	-
Normalized Net Income, 5 Yr. CAGR %	-	-	-3.19	-33.71	-22.12
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-10.26	-39.2	-
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-3	44.91
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	5.28	8.48
Total Assets, 5 Yr. CAGR %	-	-	-	3.21	12.25
Tangible Book Value, 5 Yr. CAGR %	-	-	-	20.59	18.27
Common Equity, 5 Yr. CAGR %	-	-	-	-8.93	10.39
Cash From Operations, 5 Yr. CAGR %	-	-	3.41	3.68	-1.4
Capital Expenditures, 5 Yr. CAGR %	-	-	11.35	11.53	22.38
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	29.38
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	29.27