your badges 52W Range $5–$10 99% of range Analyst Rating BUY 9 analysts Price Target $10 +3% upside P/E 59.4 ROE 6.5% Net Profit Margin 2.9%

GBTG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $9.50
P/E (TTM) 59.4
EPS (TTM) $0.16
Revenue (TTM) $3.18B
ROE (TTM) 6.5%
Debt/Equity (MRQ) 0.9
52W Range $5–$10

GBTG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$2.72B
2019-12-31 → 2025-12-31
EPS$0.22
2022-12-31 → 2025-12-31
Free Cash Flow$104M
2022-12-31 → 2025-12-31
Net margin2.9%
2022-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend GBTG 5Y avg Peer Median Verdict
P/E (TTM) 59.45Y avg ≈-7.7 ≈-7.7 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -35.0%
Next Report Nov 09, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 6, 2026 $0.03 $0.05 -41.2%
March 31, 2026 May 12, 2026 $0.10 $0.04 126.2%
Dec. 31, 2025 $0.08 $0.01 684.3%
Sept. 30, 2025 $-0.13 $0.02 -949.7%
June 30, 2025 $0.03 $0.08 -60.6%
March 31, 2025 $0.16 $0.12 30.9%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 15
Metric Trend 2025202420232022202120202019
Revenue $2.72B$2.42B$2.29B$1.85B$763M$793M$0
SG&A Expense $290M$308M$294M$313M$213M$181M$1.9K
Operating Expenses $2.59B$2.31B$2.30B$2.05B$1.32B$1.54B$1.9K
Operating Income $130M$115M$-8M$-198M$-560M$-747M·
Interest Expense ··$141M$98M$53M$27M·
Interest Income $8M$6M$1M$0$1M$1M·
Other Non-op $-29M$17M$-10M$1M$8M$14M·
Pretax Income $147M$-71M$-145M$-287M$-653M$-759M·
Income Tax $40M$66M$-9M$-61M$-186M$-145M·
Net Income $111M$-134M$-136M$-229M$-475M$-619M$-1.9K
EPS (Basic) $0.22$-0.30$-0.25$-0.50···
EPS (Diluted) $0.22$-0.30$-0.30$-0.51···
Shares (Basic) 484,518,813462,695,229251,645,49851,266,570···
Shares (Diluted) 492,791,804462,695,229458,055,525445,715,051···
EBITDA $322M$293M$186M$-16M···
Balance Sheet 28
Metric Trend 2025202420232022202120202019
Cash & Equivalents $434M$536M$476M$303M$516M$257.9K·
Receivables $869M$571M$726M$765M$381M··
Prepaid Expense $215M$128M$116M$130M$137M$1M$1.9K
Current Assets $1.57B$1.28B$1.36B$1.23B$1.05B$1M$1.9K
PP&E (Net) $308M$232M$232M$218M$216M··
PP&E (Gross) ···$495M$436M··
Accum. Depreciation ···$277M$220M··
Goodwill $1.67B$1.20B$1.21B$1.19B$1.36B$1.03B·
Intangibles $851M$480M$552M$636M$746M··
Other Non-current Assets $110M$89M$50M$47M$41M··
Total Assets $4.92B$3.62B$3.75B$3.73B$3.77B$818M$1.9K
Accounts Payable $515M$263M$302M$253M$137M$383.2K·
Short-term Debt ····$6M$2M·
Current Liabilities $1.38B$780M$831M$773M$721M$2M·
Capital Leases $62M$63M$55M$61M$61M··
Deferred Tax $99M$36M$5M$24M$119M··
Other Non-current Liabilities $153M$34M$33M$43M$23M··
Total Liabilities $3.25B$2.57B$2.54B$2.36B$2.28B$105M·
Long-term Debt $1.42B$1.38B$1.36B$1.22B$1.02B··
Total Debt $1.42B$1.38B$1.36B$1.22B$6M$2M·
Common Stock ·$0$0····
Paid-in Capital $3.28B$2.83B$2.75B$334M$2.56B$25M$30.9K
Retained Earnings $-1.47B$-1.57B$-1.44B$-175M$-1.06B$-104M$-30.0K
Treasury Stock $128M$55M$0····
AOCI $-75M$-146M$-103M$-7M$-162M··
Stockholders' Equity $1.61B$1.05B$1.21B$152M$1.33B$-104M$1.9K
Liabilities + Equity $4.92B$3.62B$3.75B$3.73B$3.77B$818M$1.9K
Shares Outstanding ·470,904,677467,092,817····
Cash Flow 18
Metric Trend 2025202420232022202120202019
D&A $192M$178M$194M$182M$154M$148M·
Stock-based Comp $76M$77M$75M$39M$3M$3M·
Deferred Tax $-15M$34M$-30M$-65M$-178M$-110M·
Amort. of Intangibles $60M$71M$90M$93M$67M$62M·
Restructuring $52M$13M$42M$-3M$14M$206M·
Other Non-cash $-131M$117M$59M$-321M···
Operating Cash Flow $233M$272M$162M$-394M$-512M$-250M$0
CapEx $129M$107M$113M$94M$44M$47M·
Investing Cash Flow $-206M$-102M$-119M$-95M$-27M$-47M$0
Debt Issued $99M$1.40B$131M$200M$935M··
Net Debt Issued $-14M$25M$128M$-3M···
Stock Repurchased $73M$55M$0$0···
Net Stock Activity $-73M$-55M·····
Financing Cash Flow $-128M$-85M$120M$292M$478M$384M$0
Net Change in Cash $-82M$72M$173M$-209M$-68M$94M·
Taxes Paid $52M$14M$2M$-1M$-5M$-13M·
Free Cash Flow $104M$165M$49M$-488M···
Levered FCF ··$-83M$-565M···
Profitability 7
Metric Trend 2025202420232022202120202019
Operating Margin 4.8%4.8%-0.35%-10.7%···
Net Margin 4.1%-5.5%-5.9%-12.4%···
Pretax Margin 5.4%-2.9%-6.3%-15.5%···
EBITDA Margin 11.8%12.1%8.1%-0.86%···
ROA 2.6%-3.6%-3.6%-6.1%0.76%··
ROE 8.3%-11.9%-20.0%-30.8%-6.9%··
ROIC 3.1%9.1%-0.29%-11.3%···
Liquidity & Solvency 5
Metric Trend 2025202420232022202120202019
Current Ratio 1.11.61.61.60.0··
Quick Ratio 0.91.41.41.40.0··
Debt / Equity 0.91.31.18.0-0.1··
LT Debt / Equity 0.81.31.18.0···
Interest Coverage ··-0.1-2.0···
Efficiency 2
Metric Trend 2025202420232022202120202019
Asset Turnover 0.60.70.60.50.0··
Receivables Turnover 3.83.73.13.2···
Per Share 3
Metric Trend 2025202420232022202120202019
Revenue / Share $5.52$5.24$5.00$4.15···
Cash Flow / Share $0.47$0.59$0.35$-0.88···
EPS (TTM) $0.22$-0.30$-0.30$-0.51···
Growth Rates 3
Metric Trend 2025202420232022202120202019
Revenue YoY 12.2%5.8%23.7%142.6%-3.8%··
Revenue CAGR 3Y 13.7%47.0%42.4%····
Revenue CAGR 5Y 27.9%······
Valuation (TTM) 4
Metric Trend 2025202420232022202120202019
Revenue TTM $2.72B$2.42B$2.29B$1.85B$763M$793M·
Net Income TTM $111M$-134M$-136M$-229M$-475M$-619M·
P/E 34.8-30.9-21.5-13.2···
Earnings Yield 2.9%-3.2%-4.7%-7.6%···

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $2.72B $2.42B $2.29B $1.85B $763M
Operating Margin % 4.8% 4.8% -0.35% -10.7% ·
Net Income $111M $-134M $-136M $-229M $-475M
Diluted EPS $0.22 $-0.30 $-0.30 $-0.51 ·

Institutional owners (13F) 201 filers · $3.2B total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 201
Value held $3.2B
New positions 67
Exited positions 36
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
67 (+21 vs prior Q) 36 (-7 vs prior Q) 69 (+29 vs prior Q) 29 (-24 vs prior Q) -1.9M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
AMERICAN EXPRESS CO $1,481,612,409 157,786,199 46.90% Shares
BlackRock, Inc. $464,713,230 49,490,227 14.71% Shares
Apollo Management Holdings, L.P. $203,877,406 21,712,184 6.45% Shares
VANGUARD GROUP INC $106,009,500 13,857,451 3.36% Shares
REDWOOD CAPITAL MANAGEMENT, LLC $103,277,248 10,998,642 3.27% Shares
NEXPOINT ASSET MANAGEMENT, L.P. $75,958,894 8,089,339 2.40% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $61,281,403 6,526,241 1.94% Shares
VANGUARD CAPITAL MANAGEMENT LLC $61,277,431 6,525,818 1.94% Shares
Polar Asset Management Partners Inc. $45,529,068 4,848,676 1.44% Shares
DIMENSIONAL FUND ADVISORS LP $44,865,374 4,777,995 1.42% Shares
FIL Ltd $41,316,000 4,400,000 1.31% Shares
ARES MANAGEMENT LLC $40,736,299 4,338,264 1.29% Shares
SOROS FUND MANAGEMENT LLC $31,427,015 3,346,860 0.99% Shares
GEODE CAPITAL MANAGEMENT, LLC $29,862,892 3,179,581 0.95% Shares
STATE STREET CORP $27,475,140 2,926,000 0.87% Shares
AQR Arbitrage LLC $24,342,880 2,592,426 0.77% Shares
MILLENNIUM MANAGEMENT LLC $21,446,629 2,283,986 0.68% Shares
FMR LLC $18,863,226 2,008,863 0.60% Shares
GOLDMAN SACHS GROUP INC $17,197,024 1,831,419 0.54% Shares
LMR Partners LLP $16,436,847 1,750,463 0.52% Shares
Boundary Creek Advisors LP $15,263,805 2,735,449 0.48% Shares
ALLIANCEBERNSTEIN L.P. $14,195,810 2,544,052 0.45% Shares
NORTHERN TRUST CORP $13,104,167 1,395,545 0.41% Shares
GABELLI FUNDS LLC $12,069,715 1,286,750 0.38% Shares
First Trust Capital Management L.P. $11,660,502 1,241,800 0.37% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $9,677,916 1,030,662 0.31% Shares
JPMORGAN CHASE & CO $8,668,604 917,021 0.27% Shares
ALPINE ASSOCIATES MANAGEMENT INC. $8,583,081 914,066 0.27% Shares
GABELLI & Co INVESTMENT ADVISERS, INC. $8,090,175 862,492 0.26% Shares
VANGUARD FIDUCIARY TRUST CO $7,792,545 829,877 0.25% Shares
UBS Group AG $7,377,357 785,661 0.23% Shares
LAZARD ASSET MANAGEMENT LLC $5,403,363 575,438 0.17% Shares
Advantage Alpha Capital Partners LP $5,090,432 630,004 0.16% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $4,548,178 484,364 0.14% Shares
New York Life Investment Management LLC $4,428,568 471,626 0.14% Shares
Bank of New York Mellon Corp $4,107,731 437,458 0.13% Shares
CANTOR FITZGERALD, L. P. $4,081,514 434,666 0.13% Shares
Verition Fund Management LLC $3,990,750 425,000 0.13% Shares
Centiva Capital, LP $3,830,782 407,964 0.12% Shares
Nuveen, LLC $3,785,223 403,112 0.12% Shares
Balyasny Asset Management L.P. $3,168,599 337,444 0.10% Shares
JANE STREET GROUP, LLC $2,974,180 316,739 0.09% Shares
Carmignac Gestion $2,971,588 316,463 0.09% Shares
OMERS ADMINISTRATION Corp $2,819,817 300,300 0.09% Shares
OP Asset Management Ltd $2,718,659 289,527 0.09% Shares
Maven Securities LTD $2,546,690 271,213 0.08% Shares
BANK OF AMERICA CORP /DE/ $2,532,088 269,658 0.08% Shares
MORGAN STANLEY $2,384,937 253,987 0.08% Shares
Boussard & Gavaudan Investment Management LLP $2,355,213 430,176 0.07% Shares
FIRST TRUST ADVISORS LP $2,322,090 247,294 0.07% Shares

Show all 201 institutional owners →

Activists & 5%+ owners 5 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Qatar Investment Authority ×5 filings Sept. 29, 2026 0.00% Amendment M&A / sale SEC
BlackRock Portfolio Management LLC May 5, 2026 7.50% Initial filing M&A / sale SEC
Apollo Principal Holdings A GP, Ltd., APSG Sponsor, L.P., AP Caps II Holdings GP, LLC, Apollo Principal Holdings A, L.P. Feb. 20, 2026 4.40% Amendment · SEC
Juweel Investors (SPC) Ltd (2) ×3 filings Jan. 16, 2024 · Initial filing · SEC
APSG Sponsor, L.P., AP Caps II Holdings GP, LLC, Apollo Principal Holdings III, L.P., Apollo Principal Holdings III GP, Ltd. ×3 filings Oct. 13, 2022 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 31 insiders · 13 officers · 18 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Paul G Abbott Chief Executive Officer Sept. 29, 2026 D 0 0 4 $-9,099,793
Karen A Williams Chief Financial Officer Sept. 29, 2026 D 0 0 2 $-282,100
Martine Gerow Chief Financial Officer Jan. 26, 2023 D 633,280 0 0 $0
Andrew George Crawley President Sept. 29, 2026 D 0 0 2 $-6,437,503
Mark Hollyhead Chief Product Officer & President of Egencia March 6, 2024 A 419,732 0 0 $0
John Edward Pelant Title: Executive Vice President, Traveler Experience and US Defense and Government Sept. 29, 2026 D 0 0 0 $0
Christopher Van Vliet Vice President, Controller Sept. 29, 2026 D 0 0 0 $0
Patricia Anne Huska Chief People Officer Sept. 29, 2026 D 0 0 0 $0
Evan Konwiser Title: Chief Marketing and Strategy Officer Sept. 29, 2026 D 0 0 1 $-3,327,113
Eric J. Bock Title: Chief Legal Officer & Global Head of Mergers & Acquisitions and Compliance & Corporate Secretary Sept. 29, 2026 D 0 0 7 $-12,075,484
John David Thompson Chief Technology Officer May 4, 2026 S 626,793 0 2 $-1,642,976
Boriana Tchobanova Chief Transformation Officer March 1, 2025 F 204,461 0 0 $0
Michael Qualantone Chief Revenue Officer Aug. 12, 2022 A 426,564 0 0 $0
Faisal Saoud F.Q. Al-Thani Director Sept. 29, 2026 D 0 0 0 $0
Ugo Arzani Director Sept. 29, 2026 D 0 0 0 $0
Alexander Drummond Director Sept. 29, 2026 D 0 0 0 $0
Eric M. Hart Director Sept. 29, 2026 D 0 0 0 $0
Susan F Ward Director Sept. 29, 2026 D 0 0 0 $0
Raymond Joabar Director Sept. 29, 2026 D 0 0 0 $0
James Peter Bush Director Sept. 29, 2026 D 0 0 1 $-163,800
Kathleen A Winters Director Sept. 29, 2026 D 0 0 0 $0
OHara Michael Gregory Director Sept. 29, 2026 D 0 0 0 $0
AMERICAN EXPRESS CO Director Sept. 29, 2026 D 0 0 0 $0
Mohammed Saif Al-Sowaidi Director June 5, 2024 A 66,281 0 0 $0
Manzo Gloria Rebeca Guevara Director June 5, 2024 A 66,281 0 0 $0
Expedia Group, Inc. Director July 10, 2023 M 74,849,607 0 0 $0
Richard Petrino Director June 6, 2023 A 41,242 0 0 $0
James H. Simmons III Director May 27, 2022 J 25,000 0 0 $0
Jennifer Fleiss Director May 27, 2022 J 25,000 0 0 $0
Mitchell Alan Garber Director May 27, 2022 J 25,000 0 0 $0
Juweel Investors (SPC) Ltd · Jan. 11, 2024 J 0 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 37 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
MNA · New York Life Investments ETF Trust 1.77% 471,701 NS July 31, 2026 N-PORT
HAPS · Harbor ETF Trust 0.32% 57,183 NS July 31, 2026 N-PORT
ESML · iShares Trust 0.10% 296,686 SH Sept. 11, 2026 Daily
BKSE · BNY Mellon ETF Trust 0.10% 8,901 NS July 31, 2026 N-PORT
FYEE · Fidelity Greenwood Street Trust 0.09% 19,888 NS July 31, 2026 N-PORT
NUSC · Nushares ETF Trust 0.08% 109,779 NS July 31, 2026 N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS 0.07% 103,206 SH Aug. 19, 2026 Daily
FHEQ · Fidelity Greenwood Street Trust 0.06% 63,241 NS July 31, 2026 N-PORT
FBUF · Fidelity Greenwood Street Trust 0.06% 1,580 NS July 31, 2026 N-PORT
FDIS · FIDELITY COVINGTON TRUST 0.06% 109,549 NS July 31, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.05% 35,983 NS July 31, 2026 N-PORT
ISCG · iShares Trust 0.04% 41,343 SH Sept. 11, 2026 Daily
VBK · VANGUARD INDEX FUNDS 0.04% 2,082,082 SH Aug. 19, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.04% 727,848 SH Aug. 19, 2026 Daily
IWM · iShares Trust 0.04% 3,250,184 SH Sept. 11, 2026 Daily
RSSL · Global X Funds 0.04% 60,428 NS July 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.04% 569,769 NS July 31, 2026 N-PORT
VB · VANGUARD INDEX FUNDS 0.02% 3,593,886 SH Aug. 19, 2026 Daily
DFAT · Dimensional ETF Trust 0.01% 178,076 NS July 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.01% 1,372,987 SH Aug. 19, 2026 Daily
WSML · iShares Trust 0.01% 6,832 SH Sept. 11, 2026 Daily
DFSU · Dimensional ETF Trust 0.01% 17,437 NS July 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.01% 20,381 NS July 31, 2026 N-PORT
IWO · iShares Trust 0.00% 73,635 SH Sept. 11, 2026 Daily
DXUV · Dimensional ETF Trust 0.00% 2,842 NS July 31, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.00% 73,542 NS July 31, 2026 N-PORT
ITOT · iShares Trust 0.00% 174,682 SH Sept. 11, 2026 Daily
DFAU · Dimensional ETF Trust 0.00% 22,628 NS July 31, 2026 N-PORT
IWV · iShares Trust 0.00% 34,200 SH Sept. 3, 2026 Daily
DFAC · Dimensional ETF Trust 0.00% 37,291 NS July 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 9,132 NS July 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.00% 1,859 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 4,990,508 SH Aug. 19, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.00% 8,442 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 10,777 SH Aug. 19, 2026 Daily
IWN · iShares Trust · 1,105,856 SH Sept. 11, 2026 Daily
ISCB · iShares Trust · 5,861 SH Sept. 11, 2026 Daily

GBTG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 9 analysts BUY
Median target $9.75 +2.6%
2 22.2% Strong Buy
5 55.6% Buy
2 22.2% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

2 analysts · 2026-10-02

Mean target $9.75 +2.6%

Now Current price $9.50
Low$9.50 Mean$9.75 High$10.00

Latest News Recent headlines mentioning this company

23
Global Business Travel Group Stockholders Approve Long Lake Merger Agreement Yahoo Finance · 2 months ago Stock Market Today, May 4: Global Business Travel Group Surges on Take Private Deal Announcement Nasdaq · 4 months, 4 weeks ago

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 4, 2026