Global Business Travel Group, Inc.
GBTGDelisted Sep 29, 2026- Exchange
- OTC
- Industry
- Transportation Services
- SEC CIK
- 0001820872
Global Business Travel Group, Inc. was delisted on Sep 29, 2026; its insiders filed their last Form 4 on Oct 1, 2026; 190 institutions reported holding it in 13F filings for Q2 2026, worth $3.09B in total; Soros Fund Management was the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 2:28 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 17, 2026 | Feb 27, 2025 | Mar 5, 2024 | Mar 9, 2023 | – |
| Revenue | $2.72B | $2.42B | $2.29B | $1.85B | $0 |
| Operating expenses | $2.59B | $2.31B | $2.30B | $2.05B | $12.9M |
| Selling, general and administrative | $290.0M | $308.0M | $306.0M | $313.0M | $12.7M |
| Operating income | $130.0M | $115.0M | -$8.00M | -$198.0M | – |
| Interest expense | – | – | $141.0M | $98.0M | $5.46K |
| Income tax | $40.0M | $66.0M | -$9.00M | -$61.0M | – |
| Net income | $111.0M | -$134.0M | -$136.0M | -$229.0M | $6.20M |
| EPS, basic | $0.22 | $-0.30 | $-0.25 | $-0.50 | – |
| EPS, diluted | $0.22 | $-0.30 | $-0.30 | $-0.51 | – |
| Weighted shares, basic | 484.5M | 462.7M | 251.6M | 51.3M | – |
| Weighted shares, diluted | 492.8M | 462.7M | 458.1M | 445.7M | – |
| Margins and growth | |||||
| Operating margin | 4.8% | 4.7% | -0.3% | -10.7% | – |
| Net margin | 4.1% | -5.5% | -5.9% | -12.4% | – |
| Revenue growth, year over year | +12.2% | +5.8% | +23.7% | – | – |
| Net income growth, year over year | – | – | – | −3,793.6% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025! | FY2024 | FY2023 | FY2022 | FY2021! |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 17, 2026 | Feb 27, 2025 | Mar 5, 2024 | Mar 9, 2023 | – |
| Cash and equivalents | $434.0M | $536.0M | $476.0M | $303.0M | $161.3K |
| Accounts receivable | $869.0M | $571.0M | $726.0M | $765.0M | – |
| Total current assets | $1.57B | $1.28B | $1.36B | $1.23B | $657.2K |
| Property, plant and equipment | $308.0M | – | – | $218.0M | – |
| Goodwill | $1.67B | $1.20B | $1.21B | $1.19B | – |
| Intangible assets | $851.0M | $480.0M | $552.0M | $636.0M | – |
| Total assets | $4.92B | $3.62B | $3.75B | $3.73B | $818.0M |
| Accounts payable | $515.0M | $263.0M | $302.0M | $253.0M | – |
| Short-term debt | $58.0M | $19.0M | $7.00M | $3.00M | – |
| Total current liabilities | $1.38B | $780.0M | $831.0M | $773.0M | $14.4M |
| Long-term debt | $1.36B | $1.36B | $1.35B | $1.22B | – |
| Total liabilities | $3.25B | $2.57B | $2.54B | $2.36B | $98.9M |
| Shareholders' equity | $1.61B | $1.06B | $1.21B | $1.37B | -$97.7M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 17, 2026 | Feb 27, 2025 | Mar 5, 2024 | Mar 9, 2023 | – |
| Operating cash flow | $233.0M | $272.0M | $162.0M | -$394.0M | -$4.02M |
| Capital expenditures | $129.0M | $107.0M | $113.0M | $94.0M | – |
| Free cash flow | $104.0M | $165.0M | $49.0M | -$488.0M | – |
| Depreciation and amortization | $192.0M | $178.0M | $194.0M | $182.0M | – |
| Stock-based compensation | $76.0M | $77.0M | $75.0M | $39.0M | – |
| Share buybacks | $73.0M | $55.0M | – | – | – |
| Investing cash flow | -$206.0M | -$102.0M | -$119.0M | -$95.0M | $0 |
| Financing cash flow | -$128.0M | -$85.0M | $120.0M | $292.0M | $3.93M |
| Net change in cash | -$82.0M | $72.0M | $173.0M | -$209.0M | -$96.6K |
| Ratio | |||||
| Stock-based compensation, % of revenue | 2.8% | 3.2% | 3.3% | 2.1% | – |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Jul 31, 2026 | 522.4M | +9.1% | SEC |
| May 7, 2026 | 521.5M | +8.9% | SEC |
| Mar 5, 2026 | 524.0M | +9.5% | SEC |
| Nov 6, 2025 | 523.5M | +11.3% | SEC |
| Jul 31, 2025 | 479.0M | +1.2% | SEC |
| May 2, 2025 | 478.7M | +1.3% | SEC |
| Mar 4, 2025 | 478.4M | +1.2% | SEC |
| Nov 1, 2024 | 470.5M | +0.7% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.