Global Business Travel Group, Inc. (GBTG)

GBTG Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,517	2,423	2,290	1,851	763	793
Revenue Growth (YoY)	5.71%	5.81%	23.72%	142.59%	-3.78%	-62.58%
Cost of Revenue	981	967	961	832	477	529
Gross Profit	1,536	1,456	1,329	1,019	286	264
Selling, General & Admin	1,125	1,082	1,062	1,030	653	631
Operating Expenses	1,296	1,259	1,253	1,212	807	779
Operating Income	240	197	76	-193	-521	-515
Interest Expense	-93	-115	-141	-98	-53	-27
Interest & Investment Income	8	6	1	-	1	1
Earnings From Equity Investments	7	3	-	-3	-8	-5
Currency Exchange Gain (Loss)	8	22	-5	-7	-	12
Other Non Operating Income (Expenses)	-	-	-	-	-1	-
EBT Excluding Unusual Items	170	113	-69	-301	-582	-534
Merger & Restructuring Charges	-115	-87	-89	3	-30	-230
Other Unusual Items	36	-94	13	8	-49	-
Pretax Income	91	-68	-145	-290	-661	-764
Income Tax Expense	77	66	-9	-61	-186	-145
Earnings From Continuing Operations	14	-134	-136	-229	-475	-619
Minority Interest in Earnings	-4	-4	73	204	475	619
Net Income	10	-138	-63	-25	-	-
Net Income to Common	10	-138	-63	-25	-	-
Shares Outstanding (Basic)	471	463	252	51	37	36
Shares Outstanding (Diluted)	477	463	458	446	37	36
Shares Change (YoY)	3.14%	1.01%	2.77%	1091.56%	3.91%	-2.97%
EPS (Basic)	0.02	-0.30	-0.25	-0.49	-	-
EPS (Diluted)	0.01	-0.30	-0.30	-0.51	-	-
Free Cash Flow	124	165	49	-488	-556	-297
Free Cash Flow Per Share	0.26	0.36	0.11	-1.09	-14.86	-8.25
Gross Margin	61.02%	60.09%	58.04%	55.05%	37.48%	33.29%
Operating Margin	9.54%	8.13%	3.32%	-10.43%	-68.28%	-64.94%
Profit Margin	0.40%	-5.70%	-2.75%	-1.35%	-	-
Free Cash Flow Margin	4.93%	6.81%	2.14%	-26.36%	-72.87%	-37.45%
EBITDA	332	295	196	-73	-419	-419
EBITDA Margin	13.19%	12.17%	8.56%	-3.94%	-54.92%	-52.84%
D&A For EBITDA	92	98	120	120	102	96
EBIT	240	197	76	-193	-521	-515
EBIT Margin	9.54%	8.13%	3.32%	-10.43%	-68.28%	-64.94%
Effective Tax Rate	84.61%	-	-	-	-	-
Advertising Expenses	-	5	5	6	2	3

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q