Global Business Travel Group, Inc. (GBTG) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 840M | 792M | 674M | 631M | 621M | 591M | 597M | 625M | 610M | 549M | 571M | 592M | 578M | 527M | 488M | 486M | 350M | 287M | 197M | 153M |
| Revenue Growth % | 35.27% | 34.01% | 12.9% | 0.96% | 1.8% | 7.65% | 4.55% | 5.57% | 5.54% | 4.17% | 17.01% | 21.81% | 65.14% | 83.62% | 147.72% | 217.65% | 177.78% | 119.08% | - | - |
| Cost of Goods Sold | 410M | 342M | 270M | 242M | 231M | 238M | 237M | 247M | 245M | 238M | 237M | 243M | 242M | 243M | 218M | 199M | 173M | 173M | 127M | 95M |
| COGS % of Revenue | 48.81% | 43.18% | 40.06% | 38.35% | 37.2% | 40.27% | 39.7% | 39.52% | 40.16% | 43.35% | 41.51% | 41.05% | 41.87% | 46.11% | 44.67% | 40.95% | 49.43% | 60.28% | 64.47% | 62.09% |
| Gross Profit | 430M | 450M | 404M | 389M | 390M | 353M | 360M | 378M | 365M | 311M | 334M | 349M | 336M | 284M | 270M | 287M | 177M | 114M | 70M | 58M |
| Gross Margin % | 51.19% | 56.82% | 59.94% | 61.65% | 62.8% | 59.73% | 60.3% | 60.48% | 59.84% | 56.65% | 58.49% | 58.95% | 58.13% | 53.89% | 55.33% | 59.05% | 50.57% | 39.72% | 35.53% | 37.91% |
| Gross Profit Growth % | 10.26% | 27.48% | 12.22% | 2.91% | 6.85% | 13.5% | 7.78% | 8.31% | 8.63% | 9.51% | 23.7% | 21.6% | 89.83% | 149.12% | 285.71% | 394.83% | 302.27% | 395.65% | - | - |
| Operating Expenses | 383M | 414M | 392M | 355M | 335M | 323M | 333M | 336M | 349M | 308M | 338M | 347M | 345M | 322M | 315M | 306M | 271M | 288M | 194M | 181M |
| OpEx % of Revenue | 45.6% | 52.27% | 58.16% | 56.26% | 53.95% | 54.65% | 55.78% | 53.76% | 57.21% | 56.1% | 59.19% | 58.61% | 59.69% | 61.1% | 64.55% | 62.96% | 77.43% | 100.35% | 98.48% | 118.3% |
| Selling, General & Admin | 224M | 197M | 184M | 180M | 171M | 269M | 174M | 179M | 185M | 155M | 175M | 188M | 175M | 167M | 170M | 169M | 137M | 153M | 93M | 86M |
| SG&A % of Revenue | 26.67% | 24.87% | 27.3% | 28.53% | 27.54% | 45.52% | 29.15% | 28.64% | 30.33% | 28.23% | 30.65% | 31.76% | 30.28% | 31.69% | 34.84% | 34.77% | 39.14% | 53.31% | 47.21% | 56.21% |
| Research & Development | 159M | 157M | 130M | 120M | 120M | 0 | 112M | 112M | 108M | 104M | 101M | 103M | 101M | 105M | 102M | 97M | 90M | 85M | 63M | 59M |
| R&D % of Revenue | 18.93% | 19.82% | 19.29% | 19.02% | 19.32% | - | 18.76% | 17.92% | 17.7% | 18.94% | 17.69% | 17.4% | 17.47% | 19.92% | 20.9% | 19.96% | 25.71% | 29.62% | 31.98% | 38.56% |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 47M | 36M | 12M | 34M | 55M | 30M | 27M | 42M | 16M | 3M | -4M | 2M | -9M | -38M | -45M | -19M | -94M | -193M | -124M | -114M |
| Operating Margin % | 5.6% | 4.55% | 1.78% | 5.39% | 8.86% | 5.08% | 4.52% | 6.72% | 2.62% | 0.55% | -0.7% | 0.34% | -1.56% | -7.21% | -9.22% | -3.91% | -26.86% | -67.25% | -62.94% | -74.51% |
| Operating Income Growth % | -14.55% | 20% | -55.56% | -19.05% | 243.75% | 900% | 775% | 2000% | 277.78% | 107.89% | 91.11% | 110.53% | 90.43% | 80.31% | 63.71% | 83.33% | -1924.64% | 36.09% | - | - |
| EBITDA | 107M | 96M | 61M | 77M | 95M | 70M | 70M | 90M | 63M | 52M | 46M | 51M | 37M | 10M | 0 | 26M | -50M | -143M | -90M | -78M |
| EBITDA Margin % | 12.74% | 12.12% | 9.05% | 12.2% | 15.3% | 11.84% | 11.73% | 14.4% | 10.33% | 9.47% | 8.06% | 8.61% | 6.4% | 1.9% | - | 5.35% | -14.29% | -49.83% | -45.69% | -50.98% |
| EBITDA Growth % | 12.63% | 37.14% | -12.86% | -14.44% | 50.79% | 34.62% | 52.17% | 76.47% | 70.27% | 420% | - | 96.15% | 174% | 106.99% | 100% | 133.33% | -405.68% | 47.62% | - | - |
| D&A (Non-Cash Add-back) | 60M | 60M | 49M | 43M | 40M | 40M | 43M | 48M | 47M | 49M | 50M | 49M | 46M | 48M | 45M | 45M | 44M | 50M | 34M | 36M |
| EBIT | 47M | 81M | -14M | 57M | 120M | 44M | -46M | 33M | 41M | -7M | 26M | -22M | -1M | -56M | -56M | 19M | -84M | -238M | -124M | -111M |
| Net Interest Income | -26M | -22M | -22M | -21M | -22M | -20M | -26M | -30M | -33M | -35M | -36M | -35M | -34M | -29M | -26M | -24M | -19M | -15M | -13M | -13M |
| Interest Income | 1M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 0 | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1M | 0 | 0 |
| Interest Expense | 27M | 24M | 24M | 23M | 24M | 22M | 28M | 32M | 33M | 36M | 36M | 35M | 34M | 29M | 26M | 24M | 19M | 16M | 13M | 13M |
| Other Income/Expense | -35M | 21M | -50M | 2M | 41M | -33M | -101M | -41M | -8M | -46M | -6M | -59M | -26M | -47M | -38M | 13M | -20M | -67M | -13M | -14M |
| Pretax Income | 12M | 57M | -38M | 36M | 96M | -3M | -74M | 1M | 8M | -43M | -10M | -57M | -35M | -85M | -83M | -6M | -115M | -254M | -137M | -127M |
| Pretax Margin % | 1.43% | 7.2% | -5.64% | 5.71% | 15.46% | -0.51% | -12.4% | 0.16% | 1.31% | -7.83% | -1.75% | -9.63% | -6.06% | -16.13% | -17.01% | -1.23% | -32.86% | -88.5% | -69.54% | -83.01% |
| Income Tax | -42M | -26M | 24M | 21M | 21M | 11M | 54M | -26M | 27M | 3M | -2M | -2M | -8M | -22M | -10M | -4M | -25M | -60M | -31M | -73M |
| Effective Tax Rate % | -350% | -45.61% | -63.16% | 58.33% | 21.88% | -366.67% | -72.97% | -2600% | 337.5% | -6.98% | 20% | 3.51% | 22.86% | 25.88% | 12.05% | 66.67% | 21.74% | 23.62% | 22.63% | 57.48% |
| Net Income | 52M | 83M | -62M | 13M | 75M | -16M | -129M | 26M | -19M | -47M | -12M | -14M | -2M | -26M | -20M | 21M | -90M | -473M | 0 | 1.32M |
| Net Margin % | 6.19% | 10.48% | -9.2% | 2.06% | 12.08% | -2.71% | -21.61% | 4.16% | -3.11% | -8.56% | -2.1% | -2.36% | -0.35% | -4.93% | -4.1% | 4.32% | -25.71% | -164.81% | - | 0.86% |
| Net Income Growth % | -30.67% | 618.75% | 51.94% | -50% | 494.74% | 65.96% | -975% | 285.71% | -850% | -80.77% | 40% | -166.67% | 97.78% | 94.5% | - | 1492.78% | -543.72% | -81.23% | - | - |
| Net Income (Continuing) | 54M | 83M | -62M | 15M | 75M | -14M | -128M | 27M | -19M | -46M | -8M | -55M | -27M | -63M | -73M | -2M | -91M | -200M | -106M | -55M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| EPS (Diluted) | 0.10 | 0.16 | -0.13 | 0.03 | 0.16 | -0.03 | -0.28 | 0.06 | -0.04 | 0.06 | -0.03 | -0.23 | -0.06 | -0.93 | -0.43 | -0.00 | -0.88 | -4.63 | 0.11 | 0.01 |
| EPS Growth % | -37.5% | 562.7% | 53.57% | -50.36% | 488.35% | -159.82% | -968.7% | 124% | 30.64% | 106.22% | 93.91% | - | 93.25% | 79.91% | -490.91% | -134.88% | -540% | -80.86% | - | - |
| EPS (Basic) | 0.10 | 0.16 | -0.13 | 0.03 | 0.16 | -0.03 | -0.28 | 0.06 | -0.04 | 0.06 | -0.03 | -0.23 | -0.45 | -0.93 | -0.43 | 0.44 | -0.88 | -4.63 | 0.11 | 0.01 |
| Diluted Shares Outstanding | 519.4M | 523.66M | 485.82M | 474.84M | 478.72M | 462.7M | 462.29M | 470.66M | 461.39M | 467.09M | 457.74M | 419.15M | 419.15M | 419.15M | 419.15M | 419.15M | 419.15M | 419.15M | 419.15M | 419.15M |
| Basic Shares Outstanding | 512.8M | 523.66M | 485.82M | 470.88M | 465.87M | 462.7M | 462.29M | 464.6M | 461.39M | 467.09M | 419.15M | 419.15M | 419.15M | 419.15M | 419.15M | 419.15M | 419.15M | 419.15M | 419.15M | 419.15M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |