NYSE$GBTG

Global Business Travel Group I · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

GBTG reported Q4 2025, revenue of $792M, net income of $83M.

For Q4 2025, GBTG reported revenue of $792M, net income of $83M. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Revenue $792M.
  • Net income $83M.
  • GBTG MD&A covers liquidity, credit, and operating priorities.

Headline financials

Total Revenue

$792M

Previous: $2.42B-67.3%
EPS (adj)

$0.15

Previous: -$0.03+600.0%
Adjusted EBITDA

$130M

Previous: $110M+18.2%
Adjusted EBITDA margin

16.0%

Previous: 19.0%-15.8%
Transaction growth

37.0%

No prior period
Net Income

$83M

Previous: $80M+3.8%
Operating Income

$29M

Previous: $30M-3.3%
Gross Profit

$431M

No prior period

Revenue & EPS history

GBTG · Revenue · Quarterly

$792M

Q4 2025-67.3%vs Q4 2024
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

GBTG · $571M total across 2 segments · Q3 2023

  • Travel revenue
    $455M+17.9%
  • Products & services
    $116M+9.4%

Forward guidance

The quarterly filing discusses operating priorities, capital returns, and sector risks.

Tailwinds

  • MD&A highlights liquidity and core business trends.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro or input-cost pressure may affect margins.
  • One-time items can affect YoY comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 13 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.0%

Avg return

Earnings day

-2.7%

Avg return

5 days after

+4.1%

Avg return

30 days after

30%

6 / 20 earnings

Positive

+16.7%

Q2 2024

Best reaction

-10.4%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%-1.2%-1.2%
Q4 2025+1.4%-3.1%-3.8%
Q3 2025-3.8%-9.8%-1.0%
Q1 2025-10.4%-15.4%-5.7%
Q4 2024-5.9%-6.3%-14.6%
Q3 2024+0.7%+7.6%+23.0%
Q2 2024+16.7%+9.8%+17.1%
Q1 2024-4.3%-4.0%+5.9%
Q4 2023-0.5%-1.6%+5.3%
Q3 2023+2.4%-2.0%+10.7%
Q2 2023+7.5%+6.3%-13.3%
Q1 2023+9.0%+8.7%+39.5%
Q4 2022-10.0%-12.3%-4.3%
Q3 2022-0.2%-14.0%-0.2%
Q2 2022
Q1 2022-0.2%
Q4 2021+0.0%
Q4 2020-0.3%
Q3 2021-0.1%
Q2 2021+0.0%
Q1 2021-0.8%
Q3 2020

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