Global Business Travel Group, Inc. (GBTG)

GBTG Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	2,718	2,423	2,290	1,851	763
Revenue Growth (YoY)	12.17%	5.81%	23.72%	142.59%	-3.78%
Cost of Revenue	1,085	967	961	832	477
Gross Profit	1,633	1,456	1,329	1,019	286
Selling, General & Admin	732	708	688	650	414
Depreciation & Amortization Expenses	192	178	194	182	154
Research & Development	527	442	413	388	264
Other Operating Expenses	52	13	42	-3	14
Total Operating Expenses	1,503	1,341	1,337	1,217	846
Operating Income	130	115	-8	-198	-560
Interest Income	12	9	1	-3	-7
Interest Expense	-95	-115	-141	-98	-53
Other Non-Operating Income (Expense)	104	-77	3	9	-41
Total Non-Operating Income (Expense)	21	-183	-137	-92	-101
Pretax Income	151	-68	-145	-290	-661
Provision for Income Taxes	40	66	-9	-61	-186
Net Income	109	-138	-63	-25	-
Minority Interest in Earnings	2	4	-73	-204	-475
Net Income to Common	109	-138	-63	-25	-
Shares Outstanding (Basic)	485	463	252	446	37
Shares Outstanding (Diluted)	493	463	458	446	37
Shares Change (YoY)	6.50%	1.01%	2.77%	1091.56%	3.91%
EPS (Basic)	0.22	-0.30	-0.25	-0.50	-12.91
EPS (Diluted)	0.22	-0.30	-0.30	-0.51	-12.91
Free Cash Flow	104	165	49	-488	-556
Free Cash Flow Growth	-36.97%	236.74%	-	-	-
Free Cash Flow Per Share	0.21	0.36	0.11	-1.09	-14.86
Gross Margin	60.08%	60.09%	58.03%	55.05%	37.48%
Operating Margin	4.78%	4.75%	-0.35%	-10.70%	-73.39%
Profit Margin	4.08%	-5.53%	-5.94%	-12.37%	-62.25%
FCF Margin	3.83%	6.81%	2.14%	-26.36%	-72.87%
EBITDA	322	293	186	-16	-406
EBITDA Margin	11.85%	12.09%	8.12%	-0.86%	-53.21%
EBIT	130	115	-8	-198	-560
EBIT Margin	4.78%	4.75%	-0.35%	-10.70%	-73.39%
Effective Tax Rate	26.49%	-97.06%	6.21%	21.03%	28.14%

Updated Mar 9, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q