Global Business Travel Group, Inc.
TechnologyNYSE:GBTG · New York Stock Exchange
+$0.00 today
Vol 0.97M · Avg 3.75M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$2.9B of revenue converted into $86.0M of net income for the selected period. Gross margin is 57.4% and net margin is 2.4%, showing how much revenue survives after costs and taxes. EPS is $0.16, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7B +12.2% | $2.4B +5.8% | $2.3B +23.7% | $1.9B +142.6% | $763.0M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $1.1B +12.2% | $967.0M +0.9% | $958.0M +15.1% | $832.0M +74.4% | $477.0M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $1.6B +12.2% | $1.5B +9.3% | $1.3B +30.7% | $1.0B +256.3% | $286.0M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 60.1% -0.0pp | 60.1% +1.9pp | 58.2% +3.1pp | 55.1% +17.6pp | 37.5% | 9.8% | 28.9% | 38.3% |
| Research & Development | $527.0M +19.2% | $442.0M +9.1% | $405.0M +4.4% | $388.0M +47.0% | $264.0M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $732.0M +3.4% | $708.0M +1.3% | $699.0M +7.5% | $650.0M +57.0% | $414.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $1.5B +8.2% | $1.3B +0.1% | $1.3B +10.1% | $1.2B +43.9% | $846.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $192.0M +7.9% | $178.0M -8.2% | $194.0M +6.6% | $182.0M +18.2% | $154.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $434.0M +95.5% | $222.0M +16.8% | $190.0M +2814.3% | -$7.0M +98.4% | -$446.0M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 16.0% +6.8pp | 9.2% +0.9pp | 8.3% +8.7pp | -0.4% +58.1pp | -58.5% | 5.6% | 46.3% | 42.0% |
| Operating Income | $182.0M +58.3% | $115.0M +1537.5% | -$8.0M +96.0% | -$198.0M +64.6% | -$560.0M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 6.7% +1.9pp | 4.7% +5.1pp | -0.3% +10.3pp | -10.7% +62.7pp | -73.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $8.0M +33.3% | $6.0M +500.0% | $1.0M | $0 -100.0% | $1.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $95.0M -17.4% | $115.0M -18.4% | $141.0M +43.9% | $98.0M +84.9% | $53.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$31.0M +83.1% | -$183.0M -33.6% | -$137.0M -48.9% | -$92.0M +8.9% | -$101.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $151.0M +322.1% | -$68.0M +53.1% | -$145.0M +50.0% | -$290.0M +56.1% | -$661.0M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 5.6% +8.4pp | -2.8% +3.5pp | -6.3% +9.3pp | -15.7% +71.0pp | -86.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $40.0M -39.4% | $66.0M +833.3% | -$9.0M +85.2% | -$61.0M +67.2% | -$186.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $109.0M +179.0% | -$138.0M -119.0% | -$63.0M -152.0% | -$25.0M | $0 | $4.9B | $4.8B | $4.7B |
| Net Margin | 4.0% +9.7pp | -5.7% -2.9pp | -2.8% -1.4pp | -1.4% | 0.0% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $0 +170.0% | -$0 -114.3% | -$0 +96.8% | -$4 +36.0% | -$7 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $0 +170.0% | -$0 -114.3% | -$0 +72.5% | -$1 +92.6% | -$7 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $523.6M +13.2% | $462.7M -0.3% | $464.2M +10.8% | $419.2M +0.0% | $419.2M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $523.6M +13.2% | $462.7M +1.0% | $458.1M +9.3% | $419.2M +0.0% | $419.2M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Compass, Inc.
NYSE:COMP
$5.21B
Navan, Inc.
NASDAQ:NAVN
$4.73B
Pattern Group Inc. Series A Common Stock
NASDAQ:PTRN
$3.25B
Freshworks Inc.
NASDAQ:FRSH
$2.61B
Agilysys, Inc.
NASDAQ:AGYS
$2.55B
Vertex, Inc.
NASDAQ:VERX
$1.99B
Asana, Inc.
NYSE:ASAN
$1.76B
BlackLine, Inc.
NASDAQ:BL
$1.68B
nCino, Inc.
NASDAQ:NCNO
$1.68B
Via Transportation, Inc.
NYSE:VIA
$1.17B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does GBTG generate?
Global Business Travel Group, Inc. (GBTG) reported $2.72B of revenue in fiscal 2025.
Is GBTG profitable?
Global Business Travel Group, Inc. (GBTG) reported $109.00M of net income, with a net margin of 4.0%.
Explore More
Continue the stock analysis
Jump to another research area for this company.