A Business at a Glance
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Global Business Travel Group, Inc.
GBTG
$4.7B
Mkt Cap
$9.41
+0.00%
Global Business Travel Group, Inc. (GBTG) has a current P/E ratio of 941.0.
Global Business Travel Group, Inc. (GBTG) has a 5-year average return on invested capital (ROIC) of -1.9%. This is below average and may indicate limited pricing power.
Global Business Travel Group, Inc. (GBTG) has a market capitalization of $4.7B. It is classified as a mid-cap stock.
Global Business Travel Group, Inc. (GBTG) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.57%.
Global Business Travel Group, Inc. (GBTG) operates in the Transportation Services industry, within the Industrials sector.
Global Business Travel Group, Inc. (GBTG) reported annual revenue of $2.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
Global Business Travel Group, Inc. (GBTG) has a net profit margin of 4.0%. This is a modest margin.
American Express Global Business Travel, operated by Global Business Travel Group, Inc., a Delaware corporation, ("Amex GBT") is a leading technology and services company for travel, expense, and meetings & events. We are committed to offering companies and their travelers access to the most valuable marketplace in business travel for one simple reason: when people come together, great ideas come to life. We believe business travel is a fundamental driver of progress and innovation that can be both transactional and transformational. Our comprehensive and competitive marketplace, industry-leading software, AI (as defined herein)-powered efficiencies and 24/7 global support team offer solutions, savings, and flexibility for companies of every size. We believe this is why Amex GBT is one of the most trusted brands in the industry, dedicated to enabling better business travel.1 During the year ended December 31, 2025, we generated total transaction value ("TTV") of approximately $36.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.7B | 2.7B | 2.4B | 2.3B | 1.9B | 763M |
| Net Income | 109M | 109M | -138M | -63M | -25M | -475M |
| EPS | $0.22 | $0.22 | $-0.30 | $-0.30 | $-0.51 | $-1.02 |
| Free Cash Flow | 104M | 104M | 165M | 49M | -488M | -556M |
| ROIC | 3.5% | 5.1% | 7.9% | -0.5% | -1.8% | -20.2% |
| Gross Margin | 60.1% | 60.1% | 60.1% | 58.0% | 55.1% | 37.5% |
| Debt/Equity | 0.97 | 0.97 | 1.41 | 1.19 | 8.57 | 0.83 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 130M | 130M | 115M | -8.0M | -198M | -560M |
| Operating Margin | 4.8% | 4.8% | 4.7% | -0.3% | -10.7% | -73.4% |
| ROE | 6.8% | 8.2% | -13.1% | -5.2% | -16.4% | -35.6% |
| Shares Outstanding | 495M | 495M | 460M | 478M | 473M | 464M |
| Metric | |||||||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 0 | 763M | 1.9B | 2.3B | 2.4B | 2.7B | 2.7B |
| Gross Margin | N/A | 37.5% | 55.1% | 58.0% | 60.1% | 60.1% | 60.1% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 537K | 213M | 313M | 294M | 308M | 290M | 290M |
| EBIT | -20M | -560M | -198M | -8.0M | 115M | 130M | 130M |
| Op. Margin | N/A | -73.4% | -10.7% | -0.3% | 4.7% | 4.8% | 4.8% |
| Net Income | -20M | -475M | -25M | -63M | -138M | 109M | 109M |
| Net Margin | N/A | -62.3% | -1.4% | -2.8% | -5.7% | 4.0% | 4.0% |
| Non-Recurring | 0 | 14M | 3.0M | 42M | 13M | 52M | 52M |
| Returns on Capital | |||||||
| ROIC | -2.4% | -20.2% | -1.8% | -0.5% | 7.9% | 5.1% | 3.5% |
| ROE | N/A | -35.6% | -16.4% | -5.2% | -13.1% | 8.2% | 6.8% |
| ROA | -2.4% | -12.6% | -0.7% | -1.7% | -3.8% | 2.6% | 2.2% |
| Cash Flow | |||||||
| Op. Cash Flow | -2.4M | -512M | -394M | 162M | 272M | 233M | 233M |
| Free Cash Flow | -2.4M | -556M | -488M | 49M | 165M | 104M | 104M |
| Owner Earnings | -2.4M | -669M | -615M | -107M | 17M | -35M | -35M |
| CapEx | 0 | 44M | 94M | 113M | 107M | 129M | 129M |
| Maint. CapEx | 0 | 154M | 182M | 194M | 178M | 192M | 192M |
| Growth CapEx | N/A | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 0 | 154M | 182M | 194M | 178M | 192M | 192M |
| CapEx/OCF | N/A | N/A | N/A | 69.8% | 39.3% | N/A | 55.4% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 55M | 73M | 73M |
| Buyback Yield | N/A | N/A | N/A | N/A | 1.3% | 0.0% | 1.6% |
| Stock-Based Comp | N/A | 3.0M | 39M | 75M | 77M | 76M | 76M |
| Debt Repayment | 0 | 551M | 3.0M | 3.0M | 1.4B | 113M | 113M |
| Balance Sheet | |||||||
| Net Debt | 2.5M | 76M | 697M | 489M | 409M | 696M | 1.1B |
| Cash & Equiv. | 258K | 516M | 303M | 476M | 536M | 434M | 434M |
| Long-Term Debt | N/A | 1.0B | 1.2B | 1.4B | 1.4B | 1.4B | 1.4B |
| Debt/Equity | -0.03 | 0.83 | 8.57 | 1.19 | 1.41 | 0.97 | 0.97 |
| Interest Coverage | -47442.9 | -10.6 | -2.0 | -0.1 | 1.0 | 1.4 | 1.4 |
| Equity | -104M | 1.3B | 152M | 1.2B | 1.1B | 1.6B | 1.6B |
| Total Assets | 818M | 3.8B | 3.7B | 3.8B | 3.6B | 4.9B | 4.9B |
| Total Liabilities | 105M | 2.3B | 2.4B | 2.5B | 2.6B | 3.3B | 3.3B |
| Intangibles | N/A | 746M | 636M | 552M | 480M | 851M | 851M |
| Retained Earnings | -104M | -1.1B | -175M | -1.4B | -1.6B | -1.5B | -1.5B |
| Working Capital | -874K | 331M | 461M | 529M | 501M | 188M | 188M |
| Current Assets | 1.4M | 1.1B | 1.2B | 1.4B | 1.3B | 1.6B | 1.6B |
| Current Liabilities | 2.3M | 721M | 773M | 831M | 780M | 1.4B | 1.4B |
| Per Share Data | |||||||
| EPS | -0.52 | -1.02 | -0.51 | -0.30 | -0.30 | 0.22 | 0.22 |
| Owner EPS | -0.02 | -1.44 | -1.30 | -0.22 | 0.04 | -0.07 | -0.07 |
| Book Value | -1.02 | 2.87 | 0.32 | 2.53 | 2.28 | 3.25 | 3.25 |
| Cash Flow/Share | -0.02 | -1.10 | -0.83 | 0.34 | 0.59 | 0.47 | 0.61 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 102.1M | 463.9M | 472.6M | 478.4M | 460.0M | 495.5M | 495.5M |
| Valuation | |||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | 42.8 |
| P/FCF | N/A | N/A | N/A | 63.5 | 26.1 | N/A | 44.8 |
| EV/EBIT | N/A | N/A | N/A | N/A | 44.9 | N/A | 44.6 |
| Price/Book | N/A | N/A | 20.3 | 2.6 | 4.1 | N/A | 2.9 |
| Price/Sales | N/A | N/A | 1.5 | 1.3 | 1.3 | N/A | 1.7 |
| FCF Yield | N/A | N/A | -15.8% | 1.6% | 3.8% | N/A | 2.2% |
| Market Cap | N/A | N/A | 3.1B | 3.1B | 4.3B | 0 | 4.7B |
| Avg. Price | N/A | N/A | 5.96 | 6.45 | 6.86 | 0.00 | 9.41 |
| Year-End Price | N/A | N/A | 6.53 | 6.50 | 9.37 | 0.00 | 9.41 |
Global Business Travel Group, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 39.7x vs a median of 44.8x. The company's 5-year average gross margin is 54.1%. Total shareholder yield (buybacks) is 1.6%. At current prices, the estimated annualized return to fair value is +37.4%.
Global Business Travel Group, Inc. (GBTG) generated $104 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Global Business Travel Group, Inc. (GBTG) has a debt-to-equity ratio of 0.97. This indicates moderate leverage.
Global Business Travel Group, Inc. (GBTG) reported earnings per share (EPS) of $0.22 in its most recent fiscal year.
Global Business Travel Group, Inc. (GBTG) has a return on equity (ROE) of 8.2%. This indicates moderate shareholder returns.
Global Business Travel Group, Inc. (GBTG) has a 5-year average gross margin of 54.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 6 years of financial data for Global Business Travel Group, Inc. (GBTG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Global Business Travel Group, Inc. (GBTG) has a book value per share of $3.25, based on its most recent annual SEC filing.