GBTG Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,937	2,718	2,423	2,290	1,851	763
Revenue Growth (YoY)	20.67%	12.17%	5.81%	23.72%	142.59%	-3.78%
Cost of Revenue	1,204	1,085	967	961	832	477
Gross Profit	1,733	1,633	1,456	1,329	1,019	286
Selling, General & Admin	785	732	708	688	650	414
Depreciation & Amortization Expenses	212	192	178	194	182	154
Research & Development	566	527	442	413	388	264
Other Operating Expenses	92	52	13	42	-3	14
Total Operating Expenses	1,655	1,503	1,341	1,337	1,217	846
Operating Income	78	130	115	-8	-198	-560
Interest Income	7	8	6	1	-	1
Interest Expense	-98	-95	-115	-141	-98	-53
Other Non-Operating Income (Expense)	36	104	-77	3	9	-41
Total Non-Operating Income (Expense)	-55	17	-186	-137	-89	-93
Pretax Income	62	147	-71	-145	-287	-653
Provision for Income Taxes	-23	40	66	-9	-61	-186
Net Income	86	109	-138	-63	-25	0
Minority Interest in Earnings	-1	-2	1	-73	-201	-467
Net Income to Common	86	109	-138	-63	-25	0
Shares Outstanding (Basic)	487	485	463	252	252	37
Shares Outstanding (Diluted)	491	493	463	458	446	37
Shares Change (YoY)	7.54%	6.50%	1.01%	2.77%	1091.55%	3.91%
EPS (Basic)	0.16	0.22	-0.30	-0.25	-0.50	-12.91
EPS (Diluted)	0.17	0.22	-0.30	-0.30	-0.51	-12.91
Shares Outstanding	524	521.09	470.91	467.09	67.75	45.21
Free Cash Flow	26	104	165	49	-488	-556
Free Cash Flow Growth	-75.00%	-36.97%	236.74%	-	-	-
Free Cash Flow Per Share	0.05	0.21	0.36	0.11	-1.09	-14.86
Gross Margin	59.01%	60.08%	60.09%	58.03%	55.05%	37.48%
Operating Margin	2.66%	4.78%	4.75%	-0.35%	-10.70%	-73.39%
Profit Margin	2.89%	3.94%	-5.65%	-5.94%	-12.21%	-61.21%
FCF Margin	0.89%	3.83%	6.81%	2.14%	-26.36%	-72.87%
EBITDA	290	322	293	186	-16	-406
EBITDA Margin	9.87%	11.85%	12.09%	8.12%	-0.86%	-53.21%
EBIT	78	130	115	-8	-198	-560
EBIT Margin	2.66%	4.78%	4.75%	-0.35%	-10.70%	-73.39%
Effective Tax Rate	-37.10%	27.21%	-92.96%	6.21%	21.25%	28.48%

Updated May 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q