Global Business Travel Group, Inc. (GBTG) — Financial statements
Income statement, balance sheet, and cash flow for Global Business Travel Group, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,718↑12.2% | 2,423↑5.8% | 2,290↑23.7% | 1,851↑142.6% | 763 | |
| Cost of Revenue | 1,085↑12.2% | 967↑0.9% | 958↑15.1% | 832↑74.4% | 477 | |
| Gross Profit | 1,633↑12.2% | 1,456↑9.3% | 1,332↑30.7% | 1,019↑256.3% | 286 | |
| Operating Expenses | ||||||
| R&D Expenses | 527↑19.2% | 442↑9.1% | 405↑4.4% | 388↑47.0% | 264 | |
| General & Administrative Expenses | 290↓5.8% | 308↑0.7% | 306↓2.2% | 313↑46.9% | 213 | |
| Selling & Marketing Expenses | 442↑10.5% | 400↑1.8% | 393↑16.6% | 337↑67.7% | 201 | |
| SG&A Expenses | 732↑3.4% | 708↑1.3% | 699↑7.5% | 650↑57.0% | 414 | |
| Other Expenses | 192↑0.5% | 191↓19.1% | 236↑31.8% | 179↑6.5% | 168 | |
| Operating Expenses | 1,451↑8.2% | 1,341↑0.1% | 1,340↑10.1% | 1,217↑43.9% | 846 | |
| Total Costs & Expenses | 2,536↑9.9% | 2,308↑0.4% | 2,298↑12.2% | 2,049↑54.9% | 1,323 | |
| Operating Results | ||||||
| Operating Income | 182↑58.3% | 115↑1537.5% | -8↑96.0% | -198↑64.6% | -560 | |
| Depreciation & Amortization | 192↑7.9% | 178↓8.2% | 194↑6.6% | 182↑18.2% | 154 | |
| EBITDA | 434↑95.5% | 222↑16.8% | 190↑2814.3% | -7↑98.4% | -446 | |
| EBIT | 242↑450.0% | 44↑1200.0% | -4↑97.9% | -189↑68.5% | -600 | |
| Interest & Other Income | ||||||
| Net Interest Income | -87↑20.2% | -109↑22.1% | -140↓42.9% | -98↓88.5% | -52 | |
| Interest Income | 8↑33.3% | 6↑500.0% | 1 | 0.00↓100.0% | 1 | |
| Interest Expense | 95↓17.4% | 115↓18.4% | 141↑43.9% | 98↑84.9% | 53 | |
| Non-Operating Income | -60↓184.5% | 71↑1875.0% | -4↑55.6% | -9↓122.5% | 40 | |
| Other Income / Expenses | -31↑83.1% | -183↓33.6% | -137↓48.9% | -92↑8.9% | -101 | |
| Income Before Tax | 151↑322.1% | -68↑53.1% | -145↑50.0% | -290↑56.1% | -661 | |
| Income Tax Expense | 40↓39.4% | 66↑833.3% | -9↑85.2% | -61↑67.2% | -186 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 111↑182.8% | -134↑1.5% | -136↑40.6% | -229↑51.8% | -475 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 109↑179.0% | -138↓119.0% | -63↓152.0% | -25 | 0.00 | |
| Bottom-Line Net Income | 109↑179.0% | -138↓119.0% | -63↓152.0% | -25 | 0.00 | |
| EPS (Basic) | 0.21↑170.0% | -0.30↓114.3% | -0.14↑96.8% | -4.41↑36.0% | -6.89 | |
| EPS (Diluted) | 0.21↑170.0% | -0.30↓114.3% | -0.14↑72.5% | -0.51↑92.6% | -6.89 | |
| Weighted Average Shares | 524↑13.2% | 463↓0.3% | 464↑10.8% | 419↑0.0% | 419 | |
| Weighted Average Diluted Shares | 524↑13.2% | 463↑1.0% | 458↑9.3% | 419↑0.0% | 419 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.