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Other financials

Income statement

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Revenue$840.0M+35.3%
Operating income$3.0M-94.5%
Net income$54.0M-28.0%
EPS (diluted)$0.10-37.5%

Balance sheet

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Cash & equivalents$442.0M-19.9%
Total debt$1.6B+10.2%
Total equity$1.6B+43.5%
Total assets$5.1B+34.2%

Cash flow

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Operating cash flow-$15.0M-128%
CapEx$37.0M+37.0%
Free cash flow-$52.0M-300%

Valuation

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Market cap$4.94B+38.0%
Enterprise value$6.1B+37.7%
P/E54.9×
P/S1.7×+0.2×

Profitability

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Operating margin2.7%-3.7pp
Net margin3.1%+2.3pp
FCF margin0.9%-6.0pp

Returns & leverage

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Return on equity6.6%+4.9pp
Debt / equity-0.3×
Current ratio1.2×-0.4×

Where this comes from

Reported directly by Global Business Travel Group in its filing.

Tagged under the XBRL concept us-gaap:RetainedEarningsAccumulatedDeficit.

The source filing: Global Business Travel Group’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 8:30 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-033155
(in $ millions, except share and per share data)March 31,2026December 31,2025
Shareholders’ equity:
Class A common stock (par value $0.0001; 3,000,000,000 shares authorized; 545,696,620 and 538,342,297 shares issued, 522,526,763 and 521,088,517 shares outstanding as of March 31, 2026 and December 31, 2025, respectively)
Additional paid-in capital3,2733,277
Accumulated deficit(1,414)(1,466)
Accumulated other comprehensive loss(84)(75)
Treasury shares, at cost (23,169,857 and 17,253,780 shares as of March 31, 2026 and December 31, 2025, respectively)(166)(128)
Total equity of the Company’s shareholders1,6091,608
Equity attributable to non-controlling interest in subsidiaries54

ITEM 1. Consolidated Financial Statements

FAQ

What is Global Business Travel Group's retained earnings?
Global Business Travel Group (GBTG) reported retained earnings of -$1.41B in Q1 2026.
How has Global Business Travel Group's retained earnings changed year-over-year?
Global Business Travel Group's retained earnings increased by 5.7% year-over-year, from -$1.5B to -$1.41B.
What is the long-term trend for Global Business Travel Group's retained earnings?
Over 5 years (2020 to 2025), Global Business Travel Group's retained earnings has grown at a 69.8% compound annual growth rate (CAGR), from -$103.93M to -$1.47B.
What does retained earnings mean?
Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

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