Global Business Travel Group IncGlobal Business Travel Group Inc
Global Business Travel Group Inc

Global Business Travel Group Inc

GBTG
Information Technology·Software

Global Business Travel Group, Inc. operates as a business-to-business travel platform. The firm provides software and services to manage travel, expenses, and meetings and events for companies of all sizes. It offers business travel solutions, simplified travel management, and business consulting services. The firm also provides global service solutions, automated booking, diverse options, system integration and specialized traveler care. It offers Expert Auditor, Expert Care and the Business Travel App. The Expert Auditor travel program guides travelers to company-approved providers and destinations before they book a trip. Expert Care is a global proactive service featuring risk alerts and direct communications during a disruption. The company was founded in 2014 and is headquartered in New York, NY.

New York; U.S.A
Market cap
No dataNo data
Revenue
$2.7B+12.2% YoY
Net income
$111M+182.8% YoY
Free cash flow
$104M−37.0% YoY

Market

Listed stock
GBTGPriceNYSE
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Financial performance

Revenue
$2.7B+12.2% YoY
Operating income
$130M+13.0% YoY
Net income
$111M+182.8% YoY
Free cash flow
$104M−37.0% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $0, 2022 $1.9B, 2023 $2.3B, 2024 $2.4B, 2025 $2.7B. Operating income: 2021 $-12.9M, 2022 $-198M, 2023 $-8M, 2024 $115M, 2025 $130M. Net income: 2021 $6.2M, 2022 $-229M, 2023 $-136M, 2024 $-134M, 2025 $111M. Free cash flow: 2021 $-4M, 2022 $-488M, 2023 $49M, 2024 $165M, 2025 $104M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
12.2%+637 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $-12.9M, 2022-12-31 $-198M, 2023-12-31 $-8M, 2024-12-31 $115M, 2025-12-31 $130M. Net income: 2021-12-31 $6.2M, 2022-12-31 $-229M, 2023-12-31 $-136M, 2024-12-31 $-134M, 2025-12-31 $111M. Free cash flow: 2021-12-31 $-4M, 2022-12-31 $-488M, 2023-12-31 $49M, 2024-12-31 $165M, 2025-12-31 $104M

Growth heatmap

2022202320242025CAGR
Revenue
No data
+23.7%
+5.8%
+12.2%
No data
Gross profit
+52.6%
0.0%
+44.4%
No data
Operating income
-1439.1%
+96.0%
+1537.5%
+13.0%
No data
Free cash flow
-12024.7%
+110.0%
+236.7%
-37.0%
No data

Earnings quality

Operating cash flow
$233M−14.3% YoY
Net income
$111M+182.8% YoY
Free cash flow
$104M−37.0% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 210%, 2024-12-31 -203%, 2023-12-31 -119%, 2022-12-31 172%, 2021-12-31 -65%. Free cash flow: 2025-12-31 94%, 2024-12-31 -123%, 2023-12-31 -36%, 2022-12-31 213%, 2021-12-31 -65%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
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Free cash flow yield
No data
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