Technology · Software - Application
Price
$9.43
Market Cap
$4.9B
Employees
19,000
Beta
0.93
Avg Volume
3,990,118
CEO
Paul Gordon Abbott
Business Description
Global Business Travel Group, Inc. (GBTG) operates a sophisticated business-to-business (B2B) travel platform. This advanced digital ecosystem provides a full spectrum of tech-driven services for business travelers, corporate clients, travel content providers, and third-party travel agencies. GBTG's platform effectively manages various corporate needs, including travel arrangements, expense reporting, and the organization of meetings and events. Through its development of a premier B2B travel marketplace, the company guarantees unparalleled options, cost-effectiveness, and high-quality experiences. Global Business Travel Group, Inc. is based in New York, New York.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
56.23
Stock Price: $9.43
EPS (Diluted): 0.21
EPS (Diluted): 0.21
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.49
Stock Price: $9.43
Total Equity: $1.61B
Shares: 523,585,000
Total Equity: $1.61B
Shares: 523,585,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
16.26
Market Cap: $4.92B
Total Debt: $1.42B
Cash: $434.00M
EBITDA: $434.00M
Total Debt: $1.42B
Cash: $434.00M
EBITDA: $434.00M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$5.1B
Market Cap: $4.92B
Total Debt: $1.42B
Cash: $434.00M
Total Debt: $1.42B
Cash: $434.00M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
60.1%
Gross Profit: $1.63B
Revenue: $2.72B
Revenue: $2.72B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
6.7%
Operating Income: $182.00M
Revenue: $2.72B
Revenue: $2.72B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
4.0%
Net Income: $109.00M
Revenue: $2.72B
Revenue: $2.72B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
5.8%
Net Income: $109.00M
Total Equity: $1.61B
Total Equity: $1.61B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
3.5%
Operating Income: $182.00M
Tax Rate: 26.5%
Equity: $1.61B
Total Debt: $1.42B
Cash: $434.00M
Tax Rate: 26.5%
Equity: $1.61B
Total Debt: $1.42B
Cash: $434.00M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.14
Current Assets: $1.57B
Current Liabilities: $1.38B
Current Liabilities: $1.38B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.88
Short-Term Debt: $58.00M
Long-Term Debt: $1.36B
Total Debt: $1.42B
Total Equity: $1.61B
Long-Term Debt: $1.36B
Total Debt: $1.42B
Total Equity: $1.61B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$5.19
Revenue: $2.72B
Shares: 523,585,000
Shares: 523,585,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$3.07
Total Equity: $1.61B
Shares: 523,585,000
Shares: 523,585,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.20
Operating CF: $233.00M
CapEx: -$129.00M
Shares: 523,585,000
CapEx: -$129.00M
Shares: 523,585,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $9.43
Stock Price: $9.43
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $109.00M
Net Income: $109.00M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares GBTG against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 23, 2026 3:40am (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $763.0M | $1.9B | $2.3B | $2.4B | $2.7B |
| Cost of Revenue | $477.0M | $832.0M | $958.0M | $967.0M | $1.1B |
| Gross Profit | $286.0M | $1.0B | $1.3B | $1.5B | $1.6B |
| Operating Expenses | $846.0M | $1.2B | $1.3B | $1.3B | $1.5B |
| Operating Income | -$560.0M | -$198.0M | -$8.0M | $115.0M | $182.0M |
| Net Income | $0 | -$25.0M | -$63.0M | -$138.0M | $109.0M |
| EBITDA | -$446.0M | -$7.0M | $190.0M | $222.0M | $434.0M |
| EPS | $-6.89 | $-4.41 | $-0.14 | $-0.30 | $0.21 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 23, 2026 3:40am (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $516.0M | $303.0M | $476.0M | $536.0M | $434.0M |
| Total Current Assets | $1.0B | $1.2B | $1.4B | $1.3B | $1.6B |
| Total Assets | $4.0B | $4.2B | $3.8B | $3.6B | $4.9B |
| Current Liabilities | $721.0M | $773.0M | $831.0M | $780.0M | $1.4B |
| Long-Term Debt | $1.0B | $1.2B | $1.4B | $1.4B | $1.4B |
| Total Liabilities | $2.5B | $2.8B | $2.5B | $2.6B | $3.3B |
| Total Equity | $1.5B | $152.0M | $1.2B | $1.1B | $1.6B |
| Retained Earnings | -$1.1B | -$175.0M | -$1.4B | -$1.6B | -$1.5B |
Cash Flow (Annual)
Last updated: Jun 23, 2026 3:40am (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$512.0M | -$394.0M | $162.0M | $272.0M | $233.0M |
| Capital Expenditure | -$44.0M | -$94.0M | -$113.0M | -$107.0M | -$129.0M |
| Free Cash Flow | -$556.0M | -$488.0M | $49.0M | $165.0M | $104.0M |
| Acquisitions (net) | $20.0M | $0 | $0 | $0 | -$104.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | -$55.0M | -$73.0M |
| Net Change in Cash | -$68.0M | -$209.0M | $173.0M | $72.0M | -$82.0M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 7:59pm (14h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$3.3B $3.3B – $3.3B
|
$3.4B $3.4B – $3.4B
|
$3.5B $3.5B – $3.6B
|
$3.6B $3.6B – $3.6B
|
| EBITDA |
-$166.1M -$167.7M – -$165.2M
|
-$172.6M -$174.2M – -$171.7M
|
-$180.1M -$181.2M – -$179.1M
|
-$182.7M -$184.4M – -$181.7M
|
| Net Income |
$93.2M $92.3M – $94.1M
|
$215.6M $213.6M – $217.7M
|
$277.3M $255.1M – $299.5M
|
$415.4M $412.5M – $420.4M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 23, 2026 3:40am (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +142.6% | +23.7% | +5.8% | +12.2% |
| Gross Profit Growth | +256.3% | +30.7% | +9.3% | +12.2% |
| Operating Income Growth | +64.6% | +96.0% | +1,537.5% | +58.3% |
| Net Income Growth | — | -152.0% | -119.0% | +179.0% |
| EBITDA Growth | +98.4% | +2,814.3% | +16.8% | +95.5% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 5:31am (4h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-11 | Bock Eric J. | S-Sale | 125,030.00 | $9.36 | $1.2M |
| 2026-06-12 | Bock Eric J. | G-Gift | 6,500.00 | $0.00 | $0 |
| 2026-06-12 | Bock Eric J. | S-Sale | 90,886.00 | $9.35 | $849,784 |
| 2026-06-11 | Abbott Paul G | S-Sale | 574,317.00 | $9.35 | $5.4M |
| 2026-06-09 | Konwiser Evan | S-Sale | 356,222.00 | $9.34 | $3.3M |
| 2026-06-09 | Bock Eric J. | S-Sale | 200,000.00 | $9.34 | $1.9M |
| 2026-06-08 | Abbott Paul G | S-Sale | 173,460.00 | $9.36 | $1.6M |
| 2026-06-09 | Abbott Paul G | S-Sale | 216,523.00 | $9.35 | $2.0M |
| 2026-06-08 | Williams Karen A | S-Sale | 10,000.00 | $9.35 | $93,500 |
| 2026-06-05 | Abbott Paul G | S-Sale | 8,745.00 | $9.36 | $81,853 |
| 2026-06-05 | Bush James Peter | S-Sale | 17,500.00 | $9.36 | $163,800 |
| 2026-05-13 | OHara Michael Gregory | A-Award | 23,429.00 | $0.00 | $0 |
| 2026-05-13 | Joabar Raymond | A-Award | 23,429.00 | $0.00 | $0 |
| 2026-05-13 | Ward Susan F | A-Award | 23,429.00 | $0.00 | $0 |
| 2026-05-13 | Bush James Peter | A-Award | 23,429.00 | $0.00 | $0 |
| 2026-05-13 | Winters Kathleen A | A-Award | 23,429.00 | $0.00 | $0 |
| 2026-05-13 | Al-Thani Faisal Saoud F.Q. | A-Award | 23,429.00 | $0.00 | $0 |
| 2026-05-13 | Arzani Ugo | A-Award | 23,429.00 | $0.00 | $0 |
| 2026-05-13 | Drummond Alexander | A-Award | 23,429.00 | $0.00 | $0 |
| 2026-05-04 | Thompson John David | S-Sale | 108,908.00 | $9.34 | $1.0M |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for GBTG — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30