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Global Business Travel Group GBTG Total Operating Expenses

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Segments

By segment

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Reportable Segment$691M+44.0%

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$4.93B+40.3%
Enterprise value$6.09B+39.5%
P/E54.7×
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:OperatingExpenses.

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)Three months ended March 31, 20262025
General and administrative9868
Restructuring and other exit charges444
Depreciation and amortization6040
Total operating expenses837566
Operating income355
Interest income12
Interest expense(27)(24)
Loss on early extinguishment of debt(2)

ITEM 1. Consolidated Financial Statements

FAQ

What is Global Business Travel Group's total operating expenses?
Global Business Travel Group (GBTG) reported total operating expenses of $837M in Q1 2026.
How has Global Business Travel Group's total operating expenses changed year-over-year?
Global Business Travel Group's total operating expenses increased by 47.9% year-over-year, from $566M to $837M.
What is the long-term trend for Global Business Travel Group's total operating expenses?
Over 4 years (2021 to 2025), Global Business Travel Group's total operating expenses has grown at a 24.6% compound annual growth rate (CAGR), from $1.07B to $2.59B.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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