GBTG

MKT CAP:$3B

Global Business Travel Group, Inc.

Market Cap

$3B

Technology·Software - Application·🇺🇸 United States·NYSE

Technology·Software App·🇺🇸·NYSE

Stock Price

$5.70-$1.82 (-24.20%)

Apr 23, 2026

Company Details

Global Business Travel Group, Inc. provides business-to-business (B2B) travel platform. The company's platform offers a suite of technology-enabled solutions to business travelers and corporate clients, travel content suppliers, and third-p...

CEO

Paul Gordon Abbott

IPO Date

Aug 18, 2022

Website

www.amexglobalbusinesstravel.com

Key Metrics TTM

Revenue

$2.5B

— YoY

Net Income

$20M

EPS (Diluted)

$0.04

Free Cash Flow

$137M

Revenue / Share

$5.21

Gross Margin

60.8%

Operating Margin

4.9%

Net Margin

0.8%

FCF Margin

5.4%

P/S

1.2x

P/E

149.7x

Earnings Reports

Q4 2025

May 5, 2026

PENDING

Q3 2025

Nov 10, 2025

$674MEPS -$0.13

Q1 2025

May 6, 2025

$621M+1.8%EPS $0.16

Q2 2024

Aug 6, 2024

$625MEPS $0.06

Q1 2024

May 7, 2024

$610MEPS -$0.04

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 20	$0	$0	-$1.9K
Q3 20	$0	$0	$0
Q1 24	$610M	$365M	$16M
Q2 24	$625M	$378M	$42M
Q1 25	$621M	$390M	$55M
Q3 25	$674M	$404M	$12M

Valuation

Quarter	P/S	P/E
Q1 20	—	—
Q3 20	—	—
Q1 24	—	—
Q2 24	2.4x	416.1x
Q1 25	1.8x	41.7x
Q3 25	1.6x	198.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 24	$49M	$24M
Q2 24	$73M	$49M
Q1 25	$53M	$26M
Q3 25	$71M	$38M

Capital Expenditures

Quarter	CapEx
Q1 24	$25M
Q2 24	$24M
Q1 25	$27M
Q3 25	$33M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 25	—	+30528486.8%
Q3 25	—	—

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q1 25	$19M	3.1%
Q3 25	$19M	2.8%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 20	—	—	—	$1.9K
Q1 24	$108M	$86M	$99M	—
Q2 24	$112M	$80M	$99M	—
Q1 25	$120M	$68M	$103M	—
Q3 25	$130M	$76M	$108M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$329M	$0	$329M
Q2 22	$446M	$0	$446M
Q3 22	$312M	$0	$312M
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
Q4 25	$434M	$0	$434M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 20	102M	—	—
Q3 20	419M	+310.5%	—
Q1 24	461M	+10.1%	—
Q2 24	471M	+2.0%	—
Q1 25	479M	+1.7%	+368.9%
Q3 25	486M	+1.5%	+15.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 20	—	—
Q3 20	—	—
Q1 24	$32.1K	19K
Q2 24	$32.9K	19K
Q1 25	$34.5K	18K
Q3 25	$37.4K	18K

Revenue / Employee