Global Business Travel Group, Inc. (GBTG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.76B | 1.57B | 1.62B | 1.52B | 1.46B | 1.28B | 1.39B | 1.45B | 1.48B | 1.36B | 1.47B | 1.49B | 1.45B | 1.23B | 1.3B | 1.28B | 1.04B | 1.03B | 747M | 1.41M |
| Cash & Short-Term Investments | 442M | 434M | 427M | 601M | 552M | 536M | 524M | 515M | 475M | 476M | 432M | 335M | 320M | 303M | 312M | 446M | 329M | 516M | 436M | 598.77K |
| Cash Only | 442M | 434M | 427M | 601M | 552M | 536M | 524M | 515M | 475M | 476M | 432M | 335M | 320M | 303M | 312M | 446M | 329M | 516M | 436M | 598.77K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.06B | 1.01B | 1.09B | 855M | 832M | 635M | 751M | 838M | 909M | 790M | 888M | 1.03B | 991M | 838M | 829M | 756M | 616M | 442M | 208M | 0 |
| Days Sales Outstanding | 111.16 | 122.26 | 132.81 | 121.65 | 106.3 | 107.88 | 122.44 | 127.18 | 126.73 | 140.6 | 154.35 | 155.18 | 142.4 | 145.51 | 149.41 | 128.45 | 136.03 | 104.18 | 97.14 | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 97.66M | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50.81 | - | - | - |
| Other Current Assets | 254M | 33M | 13M | 0 | 0 | 51M | 40M | 0 | 0 | 45M | 75M | 44M | 39M | 41M | 0 | 33M | 78M | 31M | 49M | 0 |
| Total Non-Current Assets | 3.32B | 3.35B | 3.14B | 2.35B | 2.33B | 2.34B | 2.36B | 2.33B | 2.36B | 2.39B | 2.41B | 2.49B | 2.5B | 2.95B | 2.4B | 2.57B | 2.69B | 2.98B | 1.98B | 817.16M |
| Property, Plant & Equipment | 364M | 374M | 372M | 293M | 291M | 291M | 294M | 280M | 284M | 282M | 278M | 279M | 288M | 276M | 270M | 258M | 267M | 275M | 223M | 0 |
| Fixed Asset Turnover | 2.28x | 2.12x | 2.03x | 2.16x | 2.13x | 2.02x | 2.08x | 2.22x | 2.16x | 1.96x | 2.05x | 2.09x | 2.05x | 1.93x | 1.85x | 1.85x | 1.29x | 1.15x | 0.88x | - |
| Goodwill | 1.66B | 1.67B | 1.56B | 1.25B | 1.22B | 1.2B | 1.24B | 1.21B | 1.21B | 1.21B | 1.19B | 1.21B | 1.2B | 1.19B | 1.15B | 1.31B | 1.35B | 1.36B | 1.05B | 0 |
| Intangible Assets | 821M | 851M | 758M | 465M | 471M | 480M | 500M | 505M | 528M | 552M | 570M | 597M | 616M | 636M | 647M | 682M | 718M | 746M | 327M | 0 |
| Long-Term Investments | 44M | 43M | 56M | 14M | 14M | 14M | 14M | 13M | 13M | 14M | 29M | 13M | 14M | 37M | 13M | 14M | 16M | 26M | 21M | 817.16M |
| Other Non-Current Assets | 100M | 110M | 128M | 58M | 63M | 89M | 61M | 61M | 64M | 50M | 45M | 57M | 44M | 24M | 45M | 34M | 46M | 53M | 358M | 0 |
| Total Assets | 5.08B | 4.92B | 4.76B | 3.87B | 3.79B | 3.62B | 3.75B | 3.78B | 3.83B | 3.75B | 3.88B | 3.98B | 3.95B | 4.18B | 3.7B | 3.85B | 3.74B | 4.01B | 2.73B | 818.58M |
| Asset Turnover | 0.17x | 0.16x | 0.16x | 0.16x | 0.17x | 0.16x | 0.16x | 0.16x | 0.16x | 0.14x | 0.15x | 0.15x | 0.14x | 0.13x | 0.13x | 0.13x | 0.09x | 0.09x | 0.11x | 0.19x |
| Asset Growth % | 34.19% | 35.65% | 26.87% | 2.35% | -1.3% | -3.39% | -3.3% | -4.97% | -2.89% | -10.31% | 4.86% | 3.35% | 5.7% | 4.26% | 35.68% | 370.45% | 356.48% | 45.43% | - | - |
| Total Current Liabilities | 1.49B | 1.38B | 1.32B | 915M | 910M | 780M | 892M | 879M | 982M | 831M | 923M | 908M | 882M | 773M | 835M | 777M | 801M | 721M | 555M | 8.25M |
| Accounts Payable | 603M | 515M | 556M | 353M | 325M | 263M | 330M | 333M | 386M | 302M | 447M | 438M | 350M | 253M | 339M | 274M | 289M | 137M | 133M | 0 |
| Days Payables Outstanding | 122.71 | 144.05 | 154.87 | 127.48 | 114.55 | 114.61 | 128.68 | 132.45 | 127.77 | 144.76 | 171.77 | 147.55 | 112.13 | 112.07 | 129.35 | 128.73 | 110.81 | 71.79 | 96.35 | - |
| Short-Term Debt | 87M | 58M | 23M | 19M | 19M | 34M | 30M | 7M | 8M | 24M | 23M | 23M | 21M | 22M | 21M | 22M | 3M | 24M | 8M | 4.3M |
| Deferred Revenue (Current) | 0 | 167M | 168M | 112M | 113M | 0 | 0 | 93M | 103M | 0 | 23M | 27M | 28M | 19M | 22M | 24M | 70M | 18M | 0 | 0 |
| Other Current Liabilities | 804M | 82M | 23M | 0 | 0 | 309M | 341M | 0 | 0 | 304M | 257M | 251M | 326M | 279M | 285M | 285M | 189M | 337M | 132M | 3.95M |
| Current Ratio | 1.18x | 1.14x | 1.23x | 1.66x | 1.60x | 1.64x | 1.56x | 1.65x | 1.50x | 1.64x | 1.59x | 1.64x | 1.64x | 1.60x | 1.55x | 1.65x | 1.30x | 1.43x | 1.35x | 0.17x |
| Quick Ratio | 1.18x | 1.14x | 1.23x | 1.66x | 1.60x | 1.64x | 1.56x | 1.65x | 1.50x | 1.64x | 1.59x | 1.64x | 1.64x | 1.60x | 1.55x | 1.65x | 1.18x | 1.43x | 1.35x | 0.17x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 76.03 | - | - | - |
| Total Non-Current Liabilities | 1.92B | 1.87B | 1.9B | 1.75B | 1.75B | 1.79B | 1.75B | 1.69B | 1.68B | 1.71B | 1.7B | 1.73B | 1.72B | 2.04B | 1.7B | 1.81B | 1.54B | 1.8B | 1.32B | 75.85M |
| Long-Term Debt | 1.46B | 1.36B | 1.37B | 1.36B | 1.36B | 1.36B | 1.37B | 1.36B | 1.35B | 1.35B | 1.35B | 1.35B | 1.35B | 1.22B | 1.22B | 1.22B | 1.02B | 1.02B | 759M | 0 |
| Capital Lease Obligations | 64M | 62M | 64M | 58M | 60M | 63M | 67M | 52M | 56M | 55M | 57M | 58M | 62M | 61M | 53M | 49M | 55M | 61M | 62M | 0 |
| Deferred Tax Liabilities | 106M | 99M | 62M | 37M | 39M | 36M | 5M | 5M | 5M | 5M | 49M | 19M | 20M | 478M | 11M | 115M | 0 | 359M | 0 | 0 |
| Other Non-Current Liabilities | 296M | 353M | 412M | 292M | 284M | 323M | 314M | 270M | 263M | 293M | 243M | 303M | 282M | 280M | 414M | 426M | 461M | 356M | 504M | 75.85M |
| Total Liabilities | 3.42B | 3.25B | 3.23B | 2.66B | 2.66B | 2.57B | 2.65B | 2.56B | 2.66B | 2.54B | 2.63B | 2.64B | 2.6B | 2.81B | 2.53B | 2.58B | 2.34B | 2.52B | 1.88B | 84.09M |
| Total Debt | 1.61B | 1.51B | 1.48B | 1.45B | 1.46B | 1.46B | 1.48B | 1.43B | 1.44B | 1.45B | 1.43B | 1.43B | 1.43B | 1.3B | 1.29B | 1.29B | 1.1B | 1.1B | 846M | 4.3M |
| Net Debt | 1.16B | 1.07B | 1.05B | 853M | 906M | 926M | 955M | 916M | 962M | 975M | 1B | 1.1B | 1.11B | 999M | 980M | 843M | 769M | 589M | 410M | 3.7M |
| Debt / Equity | 0.97x | 0.91x | 0.96x | 1.20x | 1.29x | 1.38x | 1.34x | 1.17x | 1.22x | 1.20x | 1.14x | 1.07x | 1.06x | 0.95x | 1.11x | 1.02x | 0.78x | 0.74x | 1.00x | 0.01x |
| Debt / EBITDA | 15.01x | 15.69x | 24.18x | 18.88x | 15.35x | 20.89x | 21.13x | 15.90x | 22.81x | 27.90x | 31.15x | 28.12x | 38.76x | 130.20x | - | 49.58x | - | - | - | - |
| Net Debt / EBITDA | 10.88x | 11.17x | 17.18x | 11.08x | 9.54x | 13.23x | 13.64x | 10.18x | 15.27x | 18.75x | 21.76x | 21.55x | 30.11x | 99.90x | - | 32.42x | - | - | - | - |
| Interest Coverage | 1.74x | 3.38x | -0.58x | 2.48x | 5.00x | 2.00x | -1.64x | 1.03x | 1.24x | -0.19x | 0.72x | -0.63x | -0.03x | -1.93x | -2.15x | 0.79x | -4.42x | -14.88x | -9.54x | -8.54x |
| Total Equity | 1.66B | 1.66B | 1.53B | 1.21B | 1.13B | 1.06B | 1.11B | 1.22B | 1.17B | 1.21B | 1.25B | 1.34B | 1.35B | 1.37B | 1.17B | 1.27B | 1.4B | 1.49B | 847M | 734.48M |
| Equity Growth % | 47.21% | 57.14% | 38.7% | -0.9% | -4% | -12.79% | -11.87% | -9.04% | -13.17% | -11.6% | 7.36% | 5.77% | -3.36% | -8.23% | 38.02% | 72.37% | 90.82% | 51.83% | - | - |
| Book Value per Share | 3.19 | 3.17 | 3.16 | 2.54 | 2.35 | 2.28 | 2.39 | 2.59 | 2.54 | 2.59 | 2.74 | 3.19 | 3.23 | 3.27 | 2.79 | 3.02 | 3.34 | 3.56 | 2.02 | 1.75 |
| Total Shareholders' Equity | 1.61B | 1.61B | 1.53B | 1.2B | 1.12B | 1.05B | 1.1B | 1.21B | 1.17B | 1.21B | 1.25B | 177M | 162M | 152M | 76M | 86M | 1.4B | 1.49B | 845M | 734.48M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 816.81M | 816.81M | 0 | 729.48M |
| Retained Earnings | -1.41B | -1.47B | -1.55B | -1.49B | -1.5B | -1.57B | -1.56B | -1.43B | -1.46B | -1.44B | -1.39B | -191M | -177M | -175M | -148M | -128M | -1.16B | -1.06B | -866M | 1.93M |
| Treasury Stock | -166M | -128M | -89M | -56M | -56M | -55M | -55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -84M | -75M | -93M | -86M | -132M | -146M | -94M | -128M | -124M | -103M | -91M | -5M | -7M | -7M | -35M | -30M | -169M | -162M | -192M | 0 |
| Minority Interest | 50M | 53M | 5M | 7M | 6M | 6M | 5M | 4M | 3M | 4M | 3M | 1.16B | 1.19B | 1.22B | 1.09B | 1.18B | 1M | 1M | 2M | 0 |