Dec 2025 (Q4 FY25) — Mar 9, 2026
Global Business Travel Group, Inc. Q4 FY25 — Strong Growth and AI-Driven Margin Expansion
Read the full callGlobal Business Travel Group (GBTG) earnings
- Jun 2026
- Dec 2025 (Q4 FY25)
- Dec 2025
Global Business Travel Group earnings: last reported Mon, 9 Mar 2026, for the quarter ended Dec 2025.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 870 | +37.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 2.8 | −2.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Price
$9.5 0.00% · $0
Performance +16.7% 1Y
1Y: $8.14 on 26 Sept 2025 → $9.5. High $9.51 (28 May 2026), low $4.97 (23 Feb 2026).
- Previous close
- $9.5
- 52-week range
- $4.97 – $9.51
- One year
- +16.14%
Overview
- Symbol
- GBTG
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Global Business Travel Group earnings calls (GBTG)
Financials
What the filings say
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 597 | 591 | 621 | 631 | 674 | 792 | 840 | 870 |
| Operating profit | 27 | 30 | 55 | 34 | 12 | 29 | 3 | 24 |
| Operating margin | 4.5% | 5.1% | 8.9% | 5.4% | 1.8% | 3.7% | 0.4% | 2.8% |
| Interest | 28 | 22 | 24 | 23 | 24 | 24 | 27 | 25 |
| Profit before tax | -74 | -6 | 96 | 34 | -40 | 57 | 11 | 15 |
| Tax rate | −73.0% | −183.3% | 21.9% | 61.8% | −60.0% | −45.6% | −381.8% | 13.3% |
| EPS ($ per share) | -0.28 | — | 0.16 | 0.03 | -0.13 | — | 0.10 | 0.03 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | — | — | — | — | 0 | 0 | — |
| Reserves | -0 | -104 | -1,065 | -175 | -1,437 | -1,575 | -1,466 |
| Total liabilities | -1,682 | 105 | 2,277 | 2,357 | 2,539 | 2,567 | 3,255 |
| Fixed assets | — | — | 216 | 218 | 232 | 232 | 308 |
| Total assets | 0 | 818 | 3,771 | 3,728 | 3,751 | 3,624 | 4,916 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | 0 | -250 | -512 | -394 | 162 | 272 | 233 |
| Cash from investing | 0 | -47 | -27 | -95 | -119 | -102 | -206 |
| Cash from financing | 0 | 384 | 478 | 292 | 120 | -85 | -128 |
| Net cash flow | — | 94 | -68 | -209 | 173 | 72 | -82 |
| Capital expenditure | — | -47 | -44 | -94 | -113 | -107 | -129 |
| Free cash flow | — | -297 | -556 | -488 | 49 | 165 | 104 |
GBTG revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | — | 100% | 100% | 100% | 100% | 100% | 100% | +37.9% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
120 filings between Nov 10, 2025 and Sep 29, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$33.03M
19 sales by 7 insiders
11% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 24
- Award — granted as compensation
- 30
- Tax withheld — shares kept back by the company to cover tax
Also filed: 46 dispositions to the issuer, 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Bock Eric J. | — | $12.08M | Aug 21, 2026 |
| Abbott Paul G | — | $9.10M | Jun 11, 2026 |
| Crawley Andrew George | — | $6.44M | Aug 6, 2026 |
| Konwiser Evan | — | $3.33M | Jun 9, 2026 |
| Thompson John David | — | $1.64M | May 4, 2026 |
| Williams Karen A | — | $282.1K | Aug 5, 2026 |
| Bush James Peter | — | $163.8K | Jun 5, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 29, 2026 | AMERICAN EXPRESS CO Director | Disposition to issuer | 157,786,199 | — |
| Sep 29, 2026 | Winters Kathleen A Director | Disposition to issuer | 23,429 | — |
| Sep 29, 2026 | Konwiser Evan See remarks | Disposition to issuer | 178,765 | — |
| Sep 29, 2026 | Pelant John Edward See remarks | Award | 57,142 | $0 |
| Sep 29, 2026 | Pelant John Edward See remarks | Disposition to issuer | 57,142 | — |
| Sep 29, 2026 | Pelant John Edward See remarks | Disposition to issuer | 92,371 | — |
| Sep 29, 2026 | Bush James Peter Director | Disposition to issuer | 23,429 | — |
| Sep 29, 2026 | OHara Michael Gregory Director | Disposition to issuer | 19,964,270 | — |
| Sep 29, 2026 | Ward Susan F Director | Disposition to issuer | 97,097 | — |
| Sep 29, 2026 | OHara Michael Gregory Director | Disposition to issuer | 23,429 | — |
| Sep 29, 2026 | OHara Michael Gregory Director | Disposition to issuer | 97,097 | — |
| Sep 29, 2026 | Drummond Alexander Director | Disposition to issuer | 23,429 | — |
| Sep 29, 2026 | Hart Eric M. Director | Disposition to issuer | 66,281 | — |
| Sep 29, 2026 | Drummond Alexander Director | Disposition to issuer | 55,855 | — |
| Sep 29, 2026 | Ward Susan F Director | Disposition to issuer | 23,429 | — |
| Sep 29, 2026 | Bush James Peter Director | Disposition to issuer | 97,097 | — |
| Sep 29, 2026 | Arzani Ugo Director | Disposition to issuer | 23,429 | — |
| Sep 29, 2026 | Arzani Ugo Director | Disposition to issuer | 36,488 | — |
| Sep 29, 2026 | Al-Thani Faisal Saoud F.Q. Director | Disposition to issuer | 23,429 | — |
| Sep 29, 2026 | Bock Eric J. See remarks | Disposition to issuer | 354,760 | — |
| Sep 29, 2026 | Bock Eric J. See remarks | Award | 354,760 | $0 |
| Sep 29, 2026 | Bock Eric J. See remarks | Disposition to issuer | 699,176 | — |
| Sep 29, 2026 | Al-Thani Faisal Saoud F.Q. Director | Disposition to issuer | 30,816 | — |
| Sep 29, 2026 | Williams Karen A Chief Financial Officer | Disposition to issuer | 451,598 | — |
| Sep 29, 2026 | Williams Karen A Chief Financial Officer | Disposition to issuer | 97,072 | — |
| Sep 29, 2026 | Bock Eric J. See remarks | Disposition to issuer | 1 | — |
| Sep 29, 2026 | Williams Karen A Chief Financial Officer | Disposition to issuer | 236,503 | — |
| Sep 29, 2026 | Van Vliet Christopher Vice President, Controller | Disposition to issuer | 84,125 | — |
| Sep 29, 2026 | Williams Karen A Chief Financial Officer | Award | 236,503 | $0 |
| Sep 29, 2026 | Van Vliet Christopher Vice President, Controller | Disposition to issuer | 106,433 | — |
| Sep 29, 2026 | Winters Kathleen A Director | Disposition to issuer | 97,097 | — |
| Sep 29, 2026 | Huska Patricia Anne Chief People Officer | Award | 206,941 | $0 |
| Sep 29, 2026 | Crawley Andrew George President | Disposition to issuer | 699,176 | — |
| Sep 29, 2026 | Konwiser Evan See remarks | Disposition to issuer | 323,876 | — |
| Sep 29, 2026 | Huska Patricia Anne Chief People Officer | Disposition to issuer | 413,146 | — |
| Sep 29, 2026 | Joabar Raymond Director | Disposition to issuer | 97,097 | — |
| Sep 29, 2026 | Huska Patricia Anne Chief People Officer | Disposition to issuer | 856,752 | — |
| Sep 29, 2026 | Joabar Raymond Director | Disposition to issuer | 23,429 | — |
| Sep 29, 2026 | Crawley Andrew George President | Disposition to issuer | 354,760 | — |
| Sep 29, 2026 | Abbott Paul G Chief Executive Officer | Disposition to issuer | 1,652,585 | — |
| Sep 29, 2026 | Abbott Paul G Chief Executive Officer | Disposition to issuer | 930,326 | — |
| Sep 29, 2026 | Huska Patricia Anne Chief People Officer | Disposition to issuer | 206,941 | — |
| Sep 29, 2026 | Crawley Andrew George President | Award | 354,760 | $0 |
| Sep 29, 2026 | Abbott Paul G Chief Executive Officer | Award | 827,779 | $0 |
| Sep 29, 2026 | Crawley Andrew George President | Disposition to issuer | 141 | — |
| Sep 29, 2026 | Abbott Paul G Chief Executive Officer | Disposition to issuer | 827,779 | — |
| Sep 29, 2026 | Konwiser Evan See remarks | Disposition to issuer | 177,377 | — |
| Sep 29, 2026 | Konwiser Evan See remarks | Award | 177,377 | $0 |
| Aug 21, 2026 | Bock Eric J. See remarks | Sale | 64,780 | $612.8K |
| Aug 20, 2026 | Bock Eric J. See remarks | Sale | 10,000 | $94.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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