Global Business Travel Group, Inc.
GBTG · Transportation Services · 521.5M shares · +1%/yr ↑ shares · EDGAR filings ↗
Grade
B71Profitable, cash-generative global business-travel leader (Amex GBT) growing double digits with an accretive acquisition pipeline.
Strengths
- Revenue growth 12% (62nd pct) plus positive FCF $104M and OCF margin 8.6% (64th pct)
- Market-leading marketplace/software platform with trusted Amex brand and CWT/Uvet acquisitions
Risks
- Moderate leverage (D/E 0.85) and earnout/FX-driven earnings volatility
- BHC Act supervision via American Express control constrains M&A flexibility
- Cyclical exposure to corporate-travel demand and macro uncertainty
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $434M cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
4.8%
Net margin
4.1%
Return on equity
6.9%
Return on assets
2.3%
ROIC
3.5%
Revenue growth (QoQ)
6.1%
Debt / equity
0.8×
Net debt / EBITDA
2.9×
Current ratio
1.1×
Free cash flow
$104M
EBITDA
$322M
Tangible book value
-$914M
Cash & investments
$434M
Stock comp / revenue
2.8%
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-08 | Reg FDExhibits | filing ↗ |
| 2026-05-18 | Shareholder vote | filing ↗ |
| 2026-05-12 | Exec/director changeExhibits | filing ↗ |
| 2026-05-04 | Material agreementOtherExhibits | filing ↗ |
| 2026-05-04 | Acquisition/dispositionExhibits | filing ↗ |
| 2026-03-09 | ResultsExhibits | filing ↗ |
| 2026-02-17 | ResultsExhibits | filing ↗ |
| 2026-02-17 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-08 | 0001140361-26-024371 ↗ |
| 8-K | 2026-05-18 | 2026-05-13 | 0001628280-26-036003 ↗ |
| 8-K | 2026-05-12 | 2026-05-06 | 0001104659-26-059370 ↗ |
| 10-Q | 2026-05-11 | 2026-03-31 | 0001628280-26-033155 ↗ |
| 8-K | 2026-05-04 | 2026-05-02 | 0001140361-26-018699 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0001140361-26-018689 ↗ |
| 10-K | 2026-03-09 | 2025-12-31 | 0001628280-26-015817 ↗ |
| 8-K | 2026-03-09 | 2026-03-09 | 0001628280-26-015802 ↗ |
| 8-K | 2026-02-17 | 2026-02-17 | 0001104659-26-015928 ↗ |
| 8-K/A | 2026-02-17 | 2026-02-17 | 0001104659-26-016161 ↗ |
| 8-K | 2026-01-22 | 2026-01-21 | 0001104659-26-005456 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0001628280-25-050786 ↗ |