Global Business Travel Group, Inc. GBTG R2K

Consumer Cyclical · Travel Services · United Kingdom

https://www.amexglobalbusinesstravel.com

Global Business Travel Group, Inc. operates as a technology and services company in the United States, the United Kingdom, and internationally. The company offers the Amex GBT marketplace for fares and rates; travel solutions, such as Amex GBT Egencia for businesses needing a configurable digital travel and expense platform; Complete by SAP Concur and Amex GBT, a co-developed travel and expense solution for businesses; and Amex GBT Neo for businesses preferring customizable global travel. It also provides Amex GBT Select for insight and control in travel spend; Amex GBT Ovation for businesses preferring a higher touch travel solution and personalized corporate travel servicing; and CWTSatoTravel for military and government agencies, as well as related organizations subject to government regulations, policies, and programs. In addition, the company offers professional services, including Amex GBT Meetings & Events for business travelers; and Amex GBT Consulting for guidance and solutions for corporate travel programs, cost savings, traveler experience, and policy compliance. Further, it provides virtual assistants, personalized recommendations, automatic rate optimization tools, and savings identification capabilities through its AI-powered platform; and traveler insights, fare analysis, and data analytics. Global Business Travel Group, Inc. was founded in 2014 and is headquartered in London, the United Kingdom.

Market & Price

Market Cap

$4.87B

Current Price

$9.34

High / Low (52W)

$9.51 / $4.97

Beta

0.75

Valuation

Stock P/E

58.38

Industry PE

22.37

Forward P/E

16.49

PEG Ratio

Book Value

$3.08

Price to Book

3.03

P/S

1.66

EV/EBITDA

18.24

Dividend Yield

Profitability & Returns

ROCE

6.85%

ROE

6.45%

ROA

3.16%

Profit Margin

2.93%

Op Margin

5.36%

EPS (Latest Qtr)

$0.10

EPS (TTM)

$0.16

Balance Sheet & Liquidity

Debt/Equity

0.99

Quick Ratio

1.01

Current Ratio

1.18

Debt

$1.64B

Total Assets

$4.92B

Current Assets

$1.57B

Working Capital

$188.00M

Ownership

Promoter Holding

57.01%

Chg in Prom Hold

FII / Inst Holding

51.24%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$6.13B

Total Revenue (TTM)

$2.94B

EBITDA

$336.00M

Free Cash Flow

$340.75M

Operating Cash Flow

$165.00M

Shares Outstanding

521.46M

Gross Margin

59.01%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

13.66%

Profit 5Y

178.67%

Revenue (YoY)

35.30%

Earnings (YoY)

-37.50%

PROS

Compounding revenue at 13.7% over 5 years.
Profit CAGR of 178.7% over 5 years.
Generates positive free cash flow.

CONS

Trading at a high P/E of 58.4.
In a downtrend (50-DMA below 200-DMA).
RSI at 75 suggests overbought conditions.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	GBTG Global Business Travel Group, Inc. R2K	9.34	58.38	$4.87B	-	6.85%	6.45%	13.66%	178.67%
2	AMZN Amazon.com, Inc. NDXSPXAI	270.64	31.65	$2.91T	-	16.60%	24.29%	11.73%	984.47%
3	TSLA Tesla, Inc. NDXSPXAI	435.79	399.81	$1.64T	-	5.29%	4.90%	5.19%	-32.94%
4	HD The Home Depot, Inc. SPX	317.14	22.52	$316.23B	2.94%	28.92%	128.38%	1.52%	-6.11%
5	MCD McDonald's Corporation SPX	279.20	23.04	$198.37B	2.66%	22.63%	-	5.06%	11.50%
6	TJX The TJX Companies, Inc. SPX	154.75	30.11	$171.12B	1.24%	32.91%	61.25%	6.53%	16.24%
7	BKNG Booking Holdings Inc. NDXSPX	167.43	22.09	$129.74B	0.96%	67.24%	-	16.35%	20.90%
8	LOW Lowe's Companies, Inc. SPX	214.36	18.12	$120.26B	2.24%	29.62%	-	-3.85%	1.11%
9	PDD PDD Holdings Inc. NDX	84.44	8.87	$120.19B	-	28.69%	25.40%	49.00%	45.85%

Quarterly Results

Figures in USD.

Metric	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	0	-	0	0	153.00M	197.00M	350.00M	486.00M	488.00M	578.00M	592.00M	571.00M	610.00M	625.00M	-	-	621.00M	631.00M	674.00M	792.00M	840.00M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	231.00M	242.00M	270.00M	342.00M	350.00M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	390.00M	389.00M	404.00M	450.00M	490.00M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	331.00M	343.00M	363.00M	414.00M	443.00M
Operating Income	-	-	-	-	-114.00M	-124.00M	-96.00M	-19.00M	-45.00M	-9.00M	2.00M	-4.00M	16.00M	42.00M	-	-	59.00M	46.00M	41.00M	36.00M	47.00M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	160.00M	100.00M	33.00M	141.00M	98.00M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24.00M	23.00M	24.00M	24.00M	27.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	96.00M	34.00M	-40.00M	57.00M	11.00M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21.00M	21.00M	24.00M	-26.00M	-42.00M
Net Income	-	-1.85K	-10.00K	20.28M	1.32M	11.15M	-5.33M	-	-	-	-	-	-	-	-	-	75.00M	13.00M	-62.00M	83.00M	52.00M
Diluted EPS	-	-	-	-	-	-	-	-	-0.43	-0.06	-0.23	-0.02	-0.04	0.06	-0.28	-	0.16	0.03	-0.13	-	0.10

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	0	793.00M	-	1.85B	2.29B	2.42B	2.72B
Cost of Revenue	-	-	-	832.00M	961.00M	967.00M	1.08B
Gross Profit	-	-	-	1.02B	1.33B	1.46B	1.63B
Operating Expenses	-	-	-	1.22B	1.29B	1.33B	1.45B
Operating Income	-	-747.00M	-	-201.00M	34.00M	128.00M	182.00M
EBITDA	-	-	-	-7.00M	190.00M	222.00M	434.00M
Interest Expense	-	-	-	98.00M	141.00M	115.00M	95.00M
Pretax Income	-	-	-	-287.00M	-145.00M	-71.00M	147.00M
Tax Provision	-	-	-	-61.00M	-9.00M	66.00M	40.00M
Net Income	-1.85K	-19.64M	-	-25.00M	-63.00M	-138.00M	109.00M
Diluted EPS	-	-	0.00	-0.51	-0.30	-0.30	-

Compounded Sales Growth

5 Years:	13.66%
1 Year:	35.30%

Compounded Profit Growth

5 Years:	178.67%
1 Year:	-37.50%

Stock Price Performance

1 Year:	+49.44%
6 Months:	+20.67%
3 Months:	+70.75%
1 Month:	+62.15%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	1.85K	818.37M	-	3.73B	3.75B	3.62B	4.92B
Current Assets	-	-	-	1.23B	1.36B	1.28B	1.57B
Cash & Equivalents	-	257.87K	-	303.00M	476.00M	536.00M	434.00M
Inventory	-	-	-	-	-	-	-
Receivables	-	-	-	765.00M	726.00M	571.00M	869.00M
Total Liabilities	-	105.49M	-	2.36B	2.54B	2.57B	3.25B
Current Liabilities	-	2.26M	-	773.00M	831.00M	780.00M	1.38B
Long Term Debt	-	-	-	1.22B	1.35B	1.36B	1.36B
Total Debt	-	-	-	1.30B	1.43B	1.46B	1.51B
Total Equity	1.85K	-103.93M	-	152.00M	1.21B	1.05B	1.61B
Shares Outstanding	-	-	-	67.75M	467.09M	478.90M	538.34M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	0	-250.00M	-	-394.00M	162.00M	272.00M	233.00M
Investing Cash Flow	0	-47.00M	-	-95.00M	-119.00M	-102.00M	-206.00M
Financing Cash Flow	0	384.00M	-	292.00M	120.00M	-85.00M	-128.00M
Capital Expenditure	-	-47.00M	-	-94.00M	-113.00M	-107.00M	-129.00M
Free Cash Flow	-	-297.00M	-	-488.00M	49.00M	165.00M	104.00M
Net Change in Cash	-	-	-	-197.00M	163.00M	85.00M	-101.00M
Share Buybacks	-	-	-	0	0	55.00M	73.00M

Ratios (Annual)

Figures in %.

Metric	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	55.1%	58.0%	60.1%	60.1%
Operating Margin %	-	-94.2%	-	-10.9%	1.5%	5.3%	6.7%
Net Margin %	-	-2.5%	-	-1.4%	-2.8%	-5.7%	4.0%
ROE %	-99.9%	18.9%	-	-16.4%	-5.2%	-13.1%	6.8%
ROCE %	-	-91.5%	-	-6.8%	1.2%	4.5%	5.1%

Shareholding Pattern

Insiders

57.01%

Institutions

51.24%

Public Float

119.21%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	American Express Company	30.26%	157.79M	$1.47B
2	Blackrock Inc.	9.34%	48.68M	$454.68M
3	Apollo Management Holdings, L.P.	4.39%	22.88M	$213.75M
4	Redwood Capital Management, LLC	4.21%	21.95M	$205.05M
5	Ares Management LLC	2.66%	13.89M	$129.70M
6	Attestor Capital Ltd	1.70%	8.88M	$82.92M
7	Monarch Alternative Capital, LP	1.50%	7.80M	$72.85M
8	Vanguard Capital Management LLC	1.26%	6.58M	$61.48M
9	Vanguard Portfolio Management LLC	1.24%	6.44M	$60.17M
10	Dimensional Fund Advisors LP	0.82%	4.26M	$39.75M

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GBTG · Consumer Cyclical