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Global Business Travel Group GBTG Q3 2025 earnings

Reported November 10, 2025 · Before market open

Revenue$674.0MBeat by $59.3M
EPS-$0.07Miss by $0.19
Revenue estimate$614.7M
EPS estimate$0.12

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$812.3M
EPS estimate$0.04

Financials

Q3 2025

Income statement

See full
Revenue$674.0M+12.9%
Operating income$12.0M-55.6%
Net income-$62.0M+51.6%
EPS (diluted)-$0.13+53.6%

Balance sheet

See full
Cash & equivalents$427.0M-18.5%
Total debt$1.5B+1.6%
Total equity$1.5B+38.9%
Total assets$4.8B+26.9%

Cash flow

See full
Operating cash flow$71.0M-16.5%
CapEx$33.0M+26.9%
Free cash flow$38.0M-35.6%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$4.28B+20.3%
Enterprise value$5.34B+18.8%
P/E305.5×—
P/S1.7×+0.2×

Profitability

See full
Operating margin5.2%—
Net margin0.6%+0.3pp
FCF margin4.9%-2.0pp

Returns & leverage

See full
Return on equity1.1%+0.6pp
Debt / equity1×-0.4×
Current ratio1.2×-0.3×

Segments

By geography

See full
U.K.$340.8M+4.4%
United States$150.3M+25.5%

By segment

See full
Reportable Segment$674.0M+12.9%

By product

See full
Travel revenue$528.0M+10.5%

Versus estimates

Revenue

Q1 2026$840.0MBeat by $25.5MQ4 2025$792.0MBeat by $2.0M
Q3 2025$674.0MBeat by $59.3M
Q2 2025$631.0MBeat by $30.9MQ1 2025$621.0MMiss by $31.6MQ4 2024$591.0MMiss by $47.8M

Diluted EPS

Q1 2026$0.05In lineQ4 2025$0.06Beat by $0.04
Q3 2025-$0.07Miss by $0.19
Q2 2025$0.03Beat by $0.01Q1 2025$0.16Beat by $0.06Q4 2024-$0.03Miss by $0.06

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Questions, answered.

When did Global Business Travel Group report Q3 2025 earnings?
Global Business Travel Group (GBTG) reported Q3 2025 earnings on November 10, 2025 before market open.
What were Global Business Travel Group's Q3 2025 revenue and EPS?
Global Business Travel Group reported revenue of $674.0M and eps of $-0.07 for Q3 2025.
Did Global Business Travel Group beat estimates in Q3 2025?
Revenue beat the consensus estimate of $614.7M by $59.3M. EPS missed the consensus estimate of $0.12 by $0.19.
How did Global Business Travel Group's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 12.9% from $597.0M a year earlier and eps grew 68.2% from $-0.22.
Where can I find Global Business Travel Group's Q3 2025 SEC filings?
You can read the 8-K/A earnings release (0001628280-25-050777) and the 10-Q periodic report (0001628280-25-050787) directly on SEC EDGAR. The filing index links above go to sec.gov.