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GBTG (Global Business Travel Group, Inc.) Stock Financials & Earnings | Market Cap Arena
GBTG
Global Business Travel Group, Inc.
Mkt Cap
$3B
Technology
·
Software - Application
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$2.7B
Net Income (TTM)
$109M
EPS (TTM)
$0.22
Free Cash Flow (TTM)
$124M
Gross Margin
43.5%
Op. Margin
30.6%
Net Margin
4.0%
FCF Margin
4.6%
P/S Ratio (TTM)
1.1x
P/E Ratio (TTM)
26.9x
YoY Rev Growth
+12.2%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$578M
$336M
-$9M
Q2 23
$592M
$349M
$2M
Q3 23
$571M
$334M
-$4M
Q4 23
$549M
$311M
$3M
Q1 24
$610M
$365M
$16M
Q2 24
$625M
$378M
$42M
Q3 24
$597M
$360M
$27M
Q4 24
$591M
$353M
$30M
Q1 25
$621M
$390M
$55M
Q2 25
$631M
$389M
$34M
Q3 25
$674M
$404M
$12M
Q4 25
$792M
$0
$732M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
1.4x
—
Q2 23
1.3x
—
Q3 23
1.3x
—
Q4 23
1.3x
—
Q1 24
1.3x
—
Q2 24
1.2x
—
Q3 24
1.2x
—
Q4 24
1.2x
—
Q1 25
1.2x
—
Q2 25
1.2x
—
Q3 25
1.2x
292.9x
Q4 25
1.1x
26.9x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q4 22
-$4M
-$25M
Q1 23
-$77M
-$109M
Q2 23
$46M
$19M
Q3 23
$135M
$107M
Q4 23
$58M
$32M
Q1 24
$49M
$24M
Q2 24
$73M
$49M
Q3 24
$85M
$59M
Q4 24
$65M
$33M
Q1 25
$53M
$26M
Q2 25
$57M
$27M
Q3 25
$71M
$38M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q4 22
$21M
Q1 23
$32M
Q2 23
$27M
Q3 23
$28M
Q4 23
$26M
Q1 24
$25M
Q2 24
$24M
Q3 24
$26M
Q4 24
$32M
Q1 25
$27M
Q2 25
$30M
Q3 25
$33M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+65.1%
+32.2%
Q2 23
+21.8%
+16.8%
Q3 23
+17.0%
+7.9%
Q4 23
+4.2%
-3.4%
Q1 24
+5.5%
+1.2%
Q2 24
+5.6%
-1.2%
Q3 24
+4.6%
-0.9%
Q4 24
+7.7%
+2.7%
Q1 25
+1.8%
-4.7%
Q2 25
+1.0%
+2.4%
Q3 25
+12.9%
+16.1%
Q4 25
+34.0%
-89.3%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q4 22
$16M
3.0%
Q1 23
$19M
3.3%
Q2 23
$22M
3.7%
Q3 23
$19M
3.3%
Q4 23
$15M
2.7%
Q1 24
$0
0.0%
Q2 24
$0
0.0%
Q3 24
$20M
3.4%
Q4 24
$19M
3.2%
Q1 25
$19M
3.1%
Q2 25
$20M
3.2%
Q3 25
$19M
2.8%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
Quarter
R&D
G&A
S&M
Q1 23
$101M
$72M
$103M
Q2 23
$103M
$86M
$102M
Q3 23
$101M
$81M
$94M
Q4 23
$104M
$61M
$94M
Q1 24
$108M
$86M
$99M
Q2 24
$112M
$80M
$99M
Q3 24
$112M
$75M
$99M
Q4 24
—
$165M
$103M
Q1 25
$120M
$68M
$103M
Q2 25
$120M
$69M
$111M
Q3 25
$130M
$76M
$108M
marketcaparena.com
Rule of 40
Rule of 40
Quarter
Rev Growth %
EBITDA Margin %
Rule of 40
Q1 23
65.1%
7.8%
72.9
Q2 23
21.8%
4.6%
26.4
Q3 23
17.0%
13.3%
30.3
Q4 23
4.2%
7.7%
11.8
Q1 24
5.5%
14.4%
20.0
Q2 24
5.6%
13.0%
18.5
Q3 24
4.6%
-0.5%
4.1
Q4 24
7.7%
14.2%
21.9
Q1 25
1.8%
25.8%
27.6
Q2 25
1.0%
15.8%
16.8
Q3 25
12.9%
5.2%
18.1
Q4 25
34.0%
305.9%
339.9
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q4 22
$303M
$0
$303M
Q1 23
$320M
$0
$320M
Q2 23
$335M
$0
$335M
Q3 23
$432M
$0
$432M
Q4 23
$476M
$0
$476M
Q1 24
$475M
$0
$475M
Q2 24
$515M
$0
$515M
Q3 24
$524M
$0
$524M
Q4 24
$536M
$0
$536M
Q1 25
$552M
$0
$552M
Q2 25
$601M
$0
$601M
Q3 25
$427M
$0
$427M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
419M
+0.0%
Q2 23
419M
+0.0%
Q3 23
458M
+9.2%
Q4 23
467M
+2.0%
Q1 24
461M
-1.2%
Q2 24
471M
+2.0%
Q3 24
462M
-1.8%
Q4 24
463M
+0.1%
Q1 25
479M
+3.5%
Q2 25
475M
-0.8%
Q3 25
486M
+2.3%
Q4 25
524M
+7.8%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 18
—
—
FY 19
—
—
FY 20
$397M
2
FY 21
$382M
2
FY 22
$97K
19K
FY 23
$121K
19K
FY 24
$135K
18K
FY 25
$151K
18K
marketcaparena.com