# Global Business Travel Group share price (Global Business Travel Group, Inc., GBTG)

> Global Business Travel Group, Inc.'s results are improving, while its P/E is near the low end of its own history over 1 year, higher than only 34% of past readings. GBTG · Consumer Discretionary · Travel Services · data as of 28 September 2026. Page: https://www.sectoralpha.in/us/stocks/gbtg

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## Key numbers

- Price: $9.50 (+16.7% in a year)
- P/E: 57.2× (lower than 66% of the last 1 year)
- Revenue (Jun 2026): $870 M (+37.9% on a year ago)
- Profit (Jun 2026): $15.0 M (+15.4% on a year ago)
- Operating margin: 11.4% (+0.8 points on a year ago)
- ROE: 7%, FY25

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the Global Business Travel Group share price? Global Business Travel Group, Inc.'s share price was $9.50 at the close on 28 September 2026. It has been rising for 16 weeks. That is 19.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between $5 and $10, and at that close it was at the high of that range. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 9 weeks running. Over the last 5.8 years the share price moved −5% while the S&P 500 moved +112%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 31 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Global Business Travel Group pay? Global Business Travel Group, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Global Business Travel Group on? Global Business Travel Group is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Global Business Travel Group profitable? Global Business Travel Group, Inc. earned $15.0 M of net profit in the Jun 2026 quarter, +15.4% on the same quarter a year earlier. Full-year FY25 profit was $109 M. That is 1.7% of the quarter's revenue. The same quarter a year earlier earned $13.0 M. 5 of the last 11 reported quarters were loss-making. ## How much revenue does Global Business Travel Group make, and is it growing? Global Business Travel Group, Inc. reported $870 M of revenue in the Jun 2026 quarter, +37.9% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 37.4% a year on average. The last full year, FY25, came in at $2.7 B. The last four reported quarters add to $3.2 B. FY25 revenue was $2.7 B, +12.2% on the year before. Recent pace: the last four quarters grew +30.0% on average, against 37.4% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +30.2%, against +16.1% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does Global Business Travel Group keep? Global Business Travel Group, Inc.'s operating margin was 11.4% in the Jun 2026 quarter, 0.8 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between −68.3% and 8.7%. The latest quarter is above every full year in that period. Across 5 years it has been between −68.3% and 8.7%, and FY25's 8.7% is the highest of them. Why the margin moved: operating margin changed +0.8 percentage points on the year while gross margin changed −2.5 points. So the gain came mostly from the gross margin, which means input costs and prices charged. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Global Business Travel Group's profit turning into cash? Global Business Travel Group, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 it brought in $233 M of operating cash against $109 M of profit. After $129 M of spending on assets, $104 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Global Business Travel Group's cash go? Global Business Travel Group, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $349 M on assets over the last 3 years. Averaged over those years that is 4.3% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $349 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Global Business Travel Group's P/E ratio, and how does it compare with its own history? Global Business Travel Group, Inc.'s P/E is 57.2×, near the low end of its own history: it has been lower only 34% of the time. Its usual P/E (the middle reading) is 59.2×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Global Business Travel Group business getting better or worse? Global Business Travel Group, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Global Business Travel Group earn on its capital? Global Business Travel Group, Inc. earned a ROE of 7% in FY25. That is up from a low of −13% in FY24. Its return on capital used (ROIC) is 1.0 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 4.0% net margin and 0.55× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 4.0% net margin × 0.55× asset turnover × 2.96× leverage (assets divided by equity) ≈ 6.5% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 9.3% − 8.3% = +1.0 percentage points. The 8.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 9.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 7.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Global Business Travel Group have too much debt? Global Business Travel Group, Inc. has total debt of $1.6 B against shareholder equity of $1.7 B as of Jun 2026, so its debt is 0.96× its equity. Year by year, that ratio went from 0.74 in FY21 to 0.94 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Global Business Travel Group shareholding pattern? 2.7% of Global Business Travel Group, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 3.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Global Business Travel Group from balance-sheet trouble? For Global Business Travel Group, Inc., the Z-score is 1.16. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 1.16 is inside the danger zone, so the balance sheet is a real risk. ## How does Global Business Travel Group rank in its industry? 43.3 out of 100, rank 13 of 14 in Travel Services, with 44% of the evidence available. It is provisional, so it is ranked below companies with full evidence. Global Business Travel Group, Inc. scores 43.3 out of 100 against the 14 companies it is compared with in Travel Services, ranking 13. Some evidence is missing, so the score is pulled toward the middle on purpose. The three scored parts add up to the total exactly: 24.9 + 7.1 + 11.3 = 43.3 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Global Business Travel Group compared with? Global Business Travel Group ranks 13 of 14 Travel Services companies on the 4-Factor Sector Score, with 43.3 out of 100. 1. [Booking Holdings Inc.](https://www.sectoralpha.in/us/stocks/bkng) BKNG · quiet · Most evidence points up · 81% evidence 66.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Revenue 12.8% · Profit 49.8% · Operating margin change 0.7 points · 83% evidence Capital efficiency 21.9/25 · ROCE 114.3% · Operating margin 34.4% · 76% evidence Valuation 15.5/20 · P/E 19.2× · PEG 0.34 · 65% evidence Relative strength 2.4/20 · Lead over its industry -21.1% · Lead over S&P 500 -18.7% · 1 year -21.2% · 100% evidence · 3 of 12 weeks ahead Exact sum: 26.6 + 21.9 + 15.5 + 2.4 = 66.4 · What this means: Earnings are strong; relative strength in its sector is -21.1% and the one-year return is -21.2%. 2. [Expedia Group, Inc.](https://www.sectoralpha.in/us/stocks/expe) EXPE · quiet · Evidence leans up · 81% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.0/35 · Revenue 12% · Profit 82.9% · Operating margin change 5 points · 83% evidence Capital efficiency 18.5/25 · ROCE 31.4% · Operating margin 19% · 76% evidence Valuation 6.3/20 · P/E 15.1× · PEG 2.99 · 65% evidence Relative strength 10.3/20 · Lead over its industry 0.9% · Lead over S&P 500 4.1% · 1 year 10.7% · 100% evidence · 6 of 12 weeks ahead Exact sum: 28 + 18.5 + 6.3 + 10.3 = 63.1 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 3. [Royal Caribbean Cruises Ltd.](https://www.sectoralpha.in/us/stocks/rcl) RCL · turning · Evidence leans up · 81% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 8.7% · Profit 22.1% · Operating margin change -2.3 points · 83% evidence Capital efficiency 16.2/25 · ROCE 15.5% · Operating margin 27.1% · 76% evidence Valuation 12.4/20 · P/E 19.4× · PEG 0.91 · 65% evidence Relative strength 15.6/20 · Lead over its industry 1.3% · Lead over S&P 500 4.6% · 1 year 22.3% · 100% evidence · 1 of 12 weeks ahead Exact sum: 16.1 + 16.2 + 12.4 + 15.6 = 60.3 · What this means: Relative strength against the index is 4.6%, and revenue and profit growth are weak. 4. [Pursuit Attractions and Hospitality, Inc.](https://www.sectoralpha.in/us/stocks/prsu) PRSU · turning · Evidence leans up · 81% evidence 59.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/35 · Revenue 26.1% · Profit -85.3% · Operating margin change 0.7 points · 83% evidence Capital efficiency 8.2/25 · ROCE 8.8% · Operating margin 16.6% · 76% evidence Valuation 12.5/20 · P/E 39.8× · PEG 0.77 · 65% evidence Relative strength 19.2/20 · Lead over its industry 20% · Lead over S&P 500 24.2% · 1 year 70.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 19.8 + 8.2 + 12.5 + 19.2 = 59.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Lindblad Expeditions Holdings, Inc.](https://www.sectoralpha.in/us/stocks/lind) LIND · losing its lead · Evidence leans up · 64% evidence 57.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.3/35 · Revenue 18.1% · Profit n/a · Operating margin change 3.4 points · 62% evidence Capital efficiency 8.6/25 · ROCE 12.7% · Operating margin 6% · 76% evidence Valuation 11.5/20 · P/E -39.5× · PEG n/a · 15% evidence Relative strength 14.0/20 · Lead over its industry 35% · Lead over S&P 500 39.7% · 1 year 170.1% · 100% evidence · 9 of 12 weeks ahead Exact sum: 23.3 + 8.6 + 11.5 + 14 = 57.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Travel + Leisure Co.](https://www.sectoralpha.in/us/stocks/tnl) TNL · turning · Evidence leans up · 81% evidence 55.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.7/35 · Revenue 4.5% · Profit -40% · Operating margin change -0.5 points · 83% evidence Capital efficiency 15.9/25 · ROCE 15.3% · Operating margin 19.8% · 76% evidence Valuation 13.9/20 · P/E 20× · PEG 0.7 · 65% evidence Relative strength 11.4/20 · Lead over its industry -1.3% · Lead over S&P 500 1.9% · 1 year 19% · 100% evidence · 1 of 12 weeks ahead Exact sum: 14.7 + 15.9 + 13.9 + 11.4 = 55.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Airbnb, Inc.](https://www.sectoralpha.in/us/stocks/abnb) ABNB · losing its lead · Evidence leans up · 81% evidence 54.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 13.6% · Profit 2.5% · Operating margin change 1.2 points · 83% evidence Capital efficiency 19.4/25 · ROCE 25.7% · Operating margin 21% · 76% evidence Valuation 4.7/20 · P/E 31.6× · PEG 4.83 · 65% evidence Relative strength 13.8/20 · Lead over its industry 7.3% · Lead over S&P 500 11% · 1 year 38.1% · 100% evidence · 10 of 12 weeks ahead Exact sum: 16.1 + 19.4 + 4.7 + 13.8 = 54 · What this means: Relative strength against the index is 11%, and revenue and profit growth are weak. 8. [Viking Holdings Ltd](https://www.sectoralpha.in/us/stocks/vik) VIK · quiet · Evidence leans up · 71% evidence 53.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.5/35 · Revenue 20% · Profit 67.5% · Operating margin change 0.4 points · 83% evidence Capital efficiency 17.6/25 · ROCE 21.1% · Operating margin 29.4% · 76% evidence Valuation 9.5/20 · P/E 34.7× · PEG n/a · 15% evidence Relative strength 5.3/20 · Lead over its industry -2.9% · Lead over S&P 500 0.3% · 1 year 47% · 100% evidence · 1 of 12 weeks ahead Exact sum: 21.5 + 17.6 + 9.5 + 5.3 = 53.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Carnival Corporation Ltd.](https://www.sectoralpha.in/us/stocks/ccl) CCL · turning · Evidence leans up · 85% evidence 53.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.4/35 · Revenue 5.2% · Profit 18.7% · Operating margin change -1.5 points · 95% evidence Capital efficiency 11.1/25 · ROCE 11.2% · Operating margin 26.4% · 76% evidence Valuation 15.7/20 · P/E 10.4× · PEG 0.54 · 65% evidence Relative strength 11.9/20 · Lead over its industry -1.9% · Lead over S&P 500 1.3% · 1 year 9.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.4 + 11.1 + 15.7 + 11.9 = 53.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [MakeMyTrip Limited](https://www.sectoralpha.in/us/stocks/mmyt) MMYT · basing · Evidence leans down · 71% evidence 37.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.3/35 · Revenue 7% · Profit -67% · Operating margin change 0.3 points · 83% evidence Capital efficiency 10.7/25 · ROCE 11.1% · Operating margin 15.3% · 76% evidence Valuation 8.7/20 · P/E 147.7× · PEG n/a · 15% evidence Relative strength 3.5/20 · Lead over its industry -24.3% · Lead over S&P 500 -22.3% · 1 year -41.7% · 100% evidence · 4 of 12 weeks ahead Exact sum: 14.3 + 10.7 + 8.7 + 3.5 = 37.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Norwegian Cruise Line Holdings Ltd.](https://www.sectoralpha.in/us/stocks/nclh) NCLH · basing · Evidence leans down · 81% evidence 36.0 out of 100 Growth Capital Valuation Relative
12. [Tripadvisor, Inc.](https://www.sectoralpha.in/us/stocks/trip) TRIP · basing · Most evidence points down · 71% evidence 24.0 out of 100 Growth Capital Valuation Relative
13. Global Business Travel Group, Inc. this page GBTG · Too little evidence to rank firmly · 44% evidence 43.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.9/43.75 · Revenue 30.2% · Profit n/a · Operating margin change 0.8 points · 62% evidence Capital efficiency 7.1/31.25 · ROCE 6.8% · Operating margin 11.4% · 76% evidence Valuation 11.3/25 · P/E 55.6× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 24.9 + 7.1 + 11.3 = 43.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 14. NusaTrip Incorporated NUTR · Too little evidence to rank firmly · 24% evidence 35.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Travel Services](https://www.sectoralpha.in/us/sectors/travel-services), all 14 compared on one page. ## Which companies are close to Global Business Travel Group in size? Global Business Travel Group is the 9th largest of 14 Travel Services companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Expedia Group, Inc., Trip.com Group and Norwegian Cruise Line Holdings. Just below it: Travel + Leisure Co., MakeMyTrip and Lindblad Expeditions Holdings, Inc. ### Travel Services companies close in size

1. [Expedia Group, Inc.](https://www.sectoralpha.in/us/stocks/expe) $34.3 billion
2. [Trip.com Group Limited](https://www.sectoralpha.in/us/stocks/tcom) $26.1 billion
3. [Norwegian Cruise Line Holdings Ltd.](https://www.sectoralpha.in/us/stocks/nclh) $8 billion
4. Global Business Travel Group, Inc. $5 billion
5. [Travel + Leisure Co.](https://www.sectoralpha.in/us/stocks/tnl) $4.5 billion
6. [MakeMyTrip Limited](https://www.sectoralpha.in/us/stocks/mmyt) $4.3 billion
7. [Lindblad Expeditions Holdings, Inc.](https://www.sectoralpha.in/us/stocks/lind) $2.1 billion

[All 14 Travel Services companies, largest first](https://www.sectoralpha.in/us/sectors/travel-services#all-companies)

### Companies close in size in other industries

1. [Landstar System, Inc.](https://www.sectoralpha.in/us/stocks/lstr) $5 billion · Integrated Freight & Logistics
2. [Sonoco Products Company](https://www.sectoralpha.in/us/stocks/son) $5 billion · Packaging & Containers
3. Global Business Travel Group, Inc. $5 billion
4. [Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.](https://www.sectoralpha.in/us/stocks/omab) $5 billion · Airports & Air Services
5. [HA Sustainable Infrastructure Capital, Inc.](https://www.sectoralpha.in/us/stocks/hasi) $5 billion · Asset Management

## What else do people ask about Global Business Travel Group? ### What is Global Business Travel Group's stock price today? Global Business Travel Group, Inc.'s stock price is $9.50, +16.7% over the past year. The whole company is worth $5.0 B on the market. It is at its highest price of the past 52 weeks (range $5 to $10), 19.9% above its 200-day average. The price has been rising for 16 weeks (as of 28 September 2026). ### What were Global Business Travel Group's latest quarterly results? Global Business Travel Group, Inc. reported revenue of $870 M and net profit of $15.0 M for the Jun 2026 quarter. Revenue rose 37.9% and profit rose 15.4% compared with a year earlier. Earnings per share were $0.03 (as of 28 September 2026). ### What is Global Business Travel Group's market cap? Global Business Travel Group, Inc.'s market capitalisation is $5.0 B at a stock price of $9.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 28 September 2026). ### How is Global Business Travel Group performing? Global Business Travel Group, Inc.'s share price has been rising for 16 weeks. In its latest quarter, revenue rose 37.9% and profit rose 15.4% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 9 weeks running (as of 28 September 2026). ### Will Global Business Travel Group's stock price go up? This page does not forecast Global Business Travel Group, Inc.'s stock price. What it shows instead: the stock price is $9.50, and it has been rising for 16 weeks. Its P/E of 57.2× is higher than 34% of its own last 1 years (as of 28 September 2026). ### Where is Global Business Travel Group in its business cycle? Global Business Travel Group, Inc.'s FY25 operating margin was 8.7%, against a 5-year range of −68.3% to 8.7%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 11.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 28 September 2026). ### What could break the Global Business Travel Group story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 28 September 2026). ### Is Global Business Travel Group a stock worth studying right now? What the numbers show: Global Business Travel Group, Inc.'s results are improving, while its P/E is near the low end of its own history over 1 year, higher than only 34% of past readings. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 28 September 2026). This is research, not advice. We’re not SEBI-registered.