Revenue
870 million USD
2026 Q2 · USD
Exact inputs and evidence
- Revenue: 870000000 USD Source
Fundies. English
Global Business Travel Group, Inc.
EDGARAnnual consolidated revenue for 2025: about USD 2.718B, using the latest reported figures. The previous period, 2024, was about USD 2.423B.
Latest quarter
Operating margin
2.76%
2026 Q2 · %
Operating cash flow
142 million USD
2026 Q2 · USD
Free cash flow
103 million USD
2026 Q2 · USD
- Cash and cash equivalents
- 518 million USD Source
Exact value
518000000 USD
- Long-term debt including current maturities
- 1.51 billion USD Source
Exact value
1512000000 USD
- Shares outstanding
- 526 million shares Source
Exact value
525945634 shares
Reported share-count change
11.90% · 55.9 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
3.18 billion USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Operating cash flow
250 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
- Operating cash flow: 181000000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 110000000 USD · 2025-01-01 – 2025-06-30 Source
- Operating cash flow: 233000000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 181000000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: -15000000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 127000000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: -15000000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure
148 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
- Capital expenditure: 90000000 USD · 2025-01-01 – 2025-09-30 Source
- Capital expenditure: 57000000 USD · 2025-01-01 – 2025-06-30 Source
- Capital expenditure: 129000000 USD · 2025-01-01 – 2025-12-31 Source
- Capital expenditure: 90000000 USD · 2025-01-01 – 2025-09-30 Source
- Capital expenditure: 37000000 USD · 2026-01-01 – 2026-03-31 Source
- Capital expenditure: 76000000 USD · 2026-01-01 – 2026-06-30 Source
- Capital expenditure: 37000000 USD · 2026-01-01 – 2026-03-31 Source
Free cash flow
102 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
- Operating cash flow: 181000000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 110000000 USD · 2025-01-01 – 2025-06-30 Source
- Operating cash flow: 233000000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 181000000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: -15000000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 127000000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: -15000000 USD · 2026-01-01 – 2026-03-31 Source
- Capital expenditure: 90000000 USD · 2025-01-01 – 2025-09-30 Source
- Capital expenditure: 57000000 USD · 2025-01-01 – 2025-06-30 Source
- Capital expenditure: 129000000 USD · 2025-01-01 – 2025-12-31 Source
- Capital expenditure: 90000000 USD · 2025-01-01 – 2025-09-30 Source
- Capital expenditure: 37000000 USD · 2026-01-01 – 2026-03-31 Source
- Capital expenditure: 76000000 USD · 2026-01-01 – 2026-06-30 Source
- Capital expenditure: 37000000 USD · 2026-01-01 – 2026-03-31 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-08-04.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 5 of 11 periods available· newest 2025-12-31
- Operating income: 5 of 11 periods available· newest 2025-12-31
- Net income: Multiple units; comparison withheld· newest 2021-12-31
- Operating cash flow: 5 of 11 periods available· newest 2025-12-31
- Capital expenditure: 5 of 11 periods available· newest 2025-12-31
- Total assets: 4 of 11 periods available· newest 2025-12-31
- Total liabilities: 4 of 11 periods available· newest 2025-12-31
- Current assets: 4 of 11 periods available· newest 2025-12-31
- Current liabilities: 4 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 4 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 3 of 11 periods available· newest 2025-12-31
- Shares outstanding: 2 of 11 periods available· newest 2024-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+12.2%Prior period
USD 2.42 billion
–
Current period
USD 2.72 billion
–
Exact inputs and evidence
2718000000 − 2423000000 = 295000000 USD
2423000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source2718000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-14.3%Prior period
USD 272 million
–
Current period
USD 233 million
–
Exact inputs and evidence
233000000 − 272000000 = -39000000 USD
272000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source233000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+20.6%Prior period
USD 107 million
–
Current period
USD 129 million
–
Exact inputs and evidence
129000000 − 107000000 = 22000000 USD
107000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source129000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Net income.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 2.72 billion 100% of revenue
- Operating costs Derived USD 2.59 billion 95% of revenue
- Operating income USD 130 million 4.8% of revenue
- Tax, interest and other Derived Unavailable An input is unavailable.
- Net income Unavailable An input is unavailable.
Cash
- Operating cash flow USD 233 million 8.6% of revenue
- Capital expenditure USD 129 million 4.7% of revenue
- Free cash flow Derived USD 104 million 3.8% of revenue
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2021 Not shown: operating income or net income is not reported.
- 2022 Not shown: operating income or net income is not reported.
- 2023 Not shown: operating income or net income is not reported.
- 2024 Not shown: operating income or net income is not reported.
- 2025 Not shown: operating income or net income is not reported.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2021 2021-01-01 – 2021-12-31 | 763000000 | 1323000000 Derived | -560000000 | Unavailable | Unavailable | -556000000 Derived | Source
|
| 2022 2022-01-01 – 2022-12-31 | 1851000000 | 2049000000 Derived | -198000000 | Unavailable | Unavailable | -488000000 Derived | Source
|
| 2023 2023-01-01 – 2023-12-31 | 2290000000 | 2298000000 Derived | -8000000 | Unavailable | Unavailable | 49000000 Derived | Source
|
| 2024 2024-01-01 – 2024-12-31 | 2423000000 | 2308000000 Derived | 115000000 | Unavailable | Unavailable | 165000000 Derived | Source
|
| 2025 2025-01-01 – 2025-12-31 | 2718000000 | 2588000000 Derived | 130000000 | Unavailable | Unavailable | 104000000 Derived | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 2.7B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2021 | Revenue | 763000000 |
|
| 2022 | Revenue | 1851000000 |
|
| 2023 | Revenue | 2290000000 |
|
| 2024 | Revenue | 2423000000 |
|
| 2025 | Revenue | 2718000000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
12.2% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021 | Year over year | No prior comparable period |
|
| 2022 | Year over year | 142.6% |
|
| 2023 | Year over year | 23.7% |
|
| 2024 | Year over year | 5.8% |
|
| 2025 | Year over year | 12.2% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 4.8% 2025
Free cash flow margin 3.8% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021 | Operating margin | -73.4% |
|
| 2022 | Operating margin | -10.7% |
|
| 2023 | Operating margin | -0.3% |
|
| 2024 | Operating margin | 4.7% |
|
| 2025 | Operating margin | 4.8% |
|
| 2021-12-31 | Net margin | Not reported |
|
| 2022-12-31 | Net margin | Not reported |
|
| 2023-12-31 | Net margin | Not reported |
|
| 2024-12-31 | Net margin | Not reported |
|
| 2025-12-31 | Net margin | Not reported |
|
| 2021 | Free cash flow margin | -72.9% |
|
| 2022 | Free cash flow margin | -26.4% |
|
| 2023 | Free cash flow margin | 2.1% |
|
| 2024 | Free cash flow margin | 6.8% |
|
| 2025 | Free cash flow margin | 3.8% |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 233M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2021 | Operating cash flow | -512000000 |
|
| 2022 | Operating cash flow | -394000000 |
|
| 2023 | Operating cash flow | 162000000 |
|
| 2024 | Operating cash flow | 272000000 |
|
| 2025 | Operating cash flow | 233000000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
USD 104M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2021 | Free cash flow | -556000000 |
|
| 2022 | Free cash flow | -488000000 |
|
| 2023 | Free cash flow | 49000000 |
|
| 2024 | Free cash flow | 165000000 |
|
| 2025 | Free cash flow | 104000000 |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
66.2% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2022 | Liabilities / assets | 63.2% |
|
| 2023 | Liabilities / assets | 67.7% |
|
| 2024 | Liabilities / assets | 70.8% |
|
| 2025 | Liabilities / assets | 66.2% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
1.14× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2022 | Current assets / current liabilities | 1.6× |
|
| 2023 | Current assets / current liabilities | 1.64× |
|
| 2024 | Current assets / current liabilities | 1.64× |
|
| 2025 | Current assets / current liabilities | 1.14× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2021 2021-01-01 – 2021-12-31 | Unavailable Not reported for this period. | −USD 512 million Exact valueExact value: -512000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 44 million Exact valueExact value: 44000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 556 million Calculation and evidence-512000000 − 44000000 USD Exact free cash flow: -556000000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2022 2022-01-01 – 2022-12-31 | Unavailable Not reported for this period. | −USD 394 million Exact valueExact value: -394000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 94 million Exact valueExact value: 94000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 488 million Calculation and evidence-394000000 − 94000000 USD Exact free cash flow: -488000000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2023 2023-01-01 – 2023-12-31 | Unavailable Not reported for this period. | USD 162 million Exact valueExact value: 162000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 113 million Exact valueExact value: 113000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 49 million Calculation and evidence162000000 − 113000000 USD Exact free cash flow: 49000000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2024 2024-01-01 – 2024-12-31 | Unavailable Not reported for this period. | USD 272 million Exact valueExact value: 272000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 107 million Exact valueExact value: 107000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 165 million Calculation and evidence272000000 − 107000000 USD Exact free cash flow: 165000000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2025 2025-01-01 – 2025-12-31 | Unavailable Not reported for this period. | USD 233 million Exact valueExact value: 233000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 129 million Exact valueExact value: 129000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 104 million Calculation and evidence233000000 − 129000000 USD Exact free cash flow: 104000000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
34 filings · 2,816 latest values · 2,816 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001820872, 1820872, GBTG, edgar:1820872
Also known as APOLLO STRATEGIC GROWTH CAPITAL, Apollo Strategic Growth Capital, Global Business Travel Group, Inc., Global Business Travel Group, Inc.