Global Business Travel Group, Inc.

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18
Total revenue	2.72	2.42	2.29	1.85	0.76	0.79	2.12	1.90
Cost of revenue	1.09	0.97	0.96	0.83	0.48	0.53	0.88	0.81
Gross profit	1.63	1.46	1.33	1.02	0.29	0.26	1.24	1.09
Total operating expenses +	1.45	1.34	1.34	1.22	0.85	0.81	1.03	1.04
Selling, general and administrative	0.29	0.31	0.31	0.31	0.21	0.18	0.26	0.60
Research and development	0.53	0.44	0.41	0.39	0.26	0.28	0.34
Other operating expenses	0.63	0.59	0.63	0.52	0.37	0.35	0.44	0.44
Operating income	0.18	0.12	-0.01	-0.20	-0.56	-0.75	0.21	0.10
Non-operating income (net)	-0.03	-0.18	-0.14	-0.09	-0.10	-0.01	-0.01	-0.06
Income before tax	0.15	-0.07	-0.15	-0.29	-0.66	-0.76	0.20	0.04
Income tax expense	0.04	0.07	-0.01	-0.06	-0.19	-0.15	0.06	0.02
Net income	0.11	-0.14	-0.06	-0.03	-0.47	-0.61	0.13	0.02

Show Quarterly Income Statement

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Mar-20
Total revenue	0.84	0.79	0.67	0.63	0.62	0.59	0.60	0.63	0.61	0.55	0.57	0.59	0.58	0.53	0.49	0.49	0.35	0.29	0.20	0.15	0.13
Cost of revenue	0.41	0.34	0.27	0.24	0.23	0.24	0.24	0.25	0.25	0.24	0.24	0.24	0.24	0.24	0.22	0.20	0.17	0.17	0.13	0.10	0.08		0.00
Gross profit	0.43	0.45	0.40	0.39	0.39	0.35	0.36	0.38	0.37	0.31	0.33	0.35	0.34	0.28	0.27	0.29	0.18	0.11	0.07	0.06	0.04		0.00
Total operating expenses +	0.38	0.41	0.39	0.36	0.34	0.32	0.33	0.34	0.35	0.31	0.34	0.35	0.35	0.32	0.32	0.31	0.27	0.29	0.19	0.18	0.00			0.00
Selling, general and administrative	0.10	0.08	0.08	0.07	0.07	0.17	0.08	0.08	0.09	0.06	0.08	0.09	0.07	0.07	0.08	0.08	0.07	0.09	0.04	0.04	0.09
Research and development	0.16	0.16	0.13	0.12	0.12	0.11	0.11	0.11	0.11	0.10	0.10	0.10	0.10	0.11	0.10	0.10	0.09	0.09	0.06	0.06
Other operating expenses	0.13	0.18	0.19	0.17	0.15	0.05	0.15	0.14	0.16	0.14	0.16	0.16	0.17	0.15	0.13	0.13	0.12	0.11	0.09	0.08	-0.09	0.00	0.00	0.00
Operating income	0.05	0.04	0.01	0.03	0.06	0.03	0.03	0.04	0.02	0.00	0.00	0.00	-0.01	-0.04	-0.05	-0.02	-0.09	-0.19	-0.12	-0.11	0.00		0.00	0.00
Non-operating income (net)	-0.04	0.02	-0.05	0.00	0.04	-0.03	-0.10	-0.04	-0.01	-0.05	-0.01	-0.06	-0.03	-0.05	-0.04	0.01	-0.02	-0.06	-0.01	-0.01	0.02	0.00	0.00	0.00
Income before tax	0.01	0.06	-0.04	0.04	0.10	0.00	-0.07	0.00	0.01	-0.04	-0.01	-0.06	-0.04	-0.09	-0.08	-0.01	-0.12	-0.25	-0.14	-0.13	0.02		0.00	0.00
Income tax expense	-0.04	-0.03	0.02	0.02	0.02	0.01	0.05	-0.03	0.03	0.00	0.00	0.00	-0.01	-0.02	-0.01	0.00	-0.03	-0.06	-0.03	-0.07	0.02	-0.05	0.00
Net income	0.05	0.08	-0.06	0.01	0.08	-0.02	-0.13	0.03	-0.02	-0.05	-0.01	-0.01	0.00	-0.03	-0.02	0.02	-0.09	-0.47	0.01	0.00	0.02		0.00	0.00

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18
Total cash and short-term investments +	0.43	0.54	0.48	0.30	0.52	0.58	0.50	0.00
Cash and cash equivalents	0.43	0.54	0.48	0.30	0.52	0.58	0.50
Short-term investments
Accounts receivable, net	1.01	0.64	0.79	0.84	0.44	0.14	0.67
Inventories					0.09	0.05	-1.16
Other current assets	0.12	0.11	0.09	0.09	0.07	0.14	0.12
Total current assets	1.57	1.28	1.36	1.23	1.03	0.87	1.28
Total non-current assets +	3.35	2.34	2.39	2.95	2.98	1.89	1.81
Property, plant and equipment, net				0.22	0.28	0.25	0.23
Goodwill	1.67	1.20	1.21	1.19	1.36	1.03	1.02
Intangible assets	0.85	0.48	0.55	0.64	0.75	0.35	0.41
Long-term investments	0.04	0.01	0.01	0.01	0.02	0.02
Other non-current assets
Total assets	4.92	3.62	3.75	4.18	4.01	2.76	3.09

Total current liabilities +	1.38	0.78	0.83	0.77	0.72	0.57	0.71
Accounts payable	0.52	0.26	0.30	0.25	0.14	0.10	0.28
Short-term debt	0.08	0.03	0.04	0.02	0.02	0.03	0.00
Current portion of long-term debt	0.06	0.02	0.01	0.00	0.00	0.01
Deferred revenue
Other current liabilities	0.62	0.47	0.48	0.48	0.54	0.45	0.43
Total non-current liabilities +	1.87	1.79	1.71	2.04	1.80	1.20	0.70
Long-term debt	1.36	1.37	1.36	1.22	1.02	0.62
Capital lease obligations	0.09	0.08	0.07	0.08	0.08	0.08
Other non-current liabilities	0.15	0.03	0.03	0.04	0.02	0.02
Total liabilities	3.26	2.57	2.54	2.81	2.52	1.77	1.41

Total stockholders' equity +	1.61	1.05	1.21	0.15	1.49	0.98	1.68
Common stock and paid-in capital	3.07	2.63	2.65	0.33	2.56	1.57	1.65	0.00
Retained earnings	-1.47	-1.58	-1.44	-0.18	-1.07	-0.59	0.03
Common shares outstanding	524	463	458	419	419	419	129	129

Show Quarterly Balance Sheet

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Mar-20
Total cash and short-term investments +	0.44	0.43	0.43	0.60	0.55	0.54	0.52	0.52	0.48	0.48	0.43	0.34	0.32	0.30	0.31	0.45	0.33	0.52	0.44	0.00	1.17	0.00	0.00	0.00
Cash and cash equivalents	0.44	0.43	0.43	0.60	0.55	0.54	0.52	0.52	0.48	0.48	0.43	0.34	0.32	0.30	0.31	0.45	0.33	0.52	0.44	0.00	0.00	0.00
Short-term investments																					1.17
Accounts receivable, net	1.06	1.01	1.09	0.86	0.83	0.64	0.75	0.84	0.91	0.79	0.89	1.03	0.99	0.84	0.83	0.76	0.62	0.44	0.21		0.14	0.23
Inventories											-0.11				-0.13	-0.08	0.10	0.09	-0.21
Other current assets	0.25	0.12	0.10	0.06	0.07	0.11	0.12	0.10	0.09	0.09	0.15	0.12	0.14	0.09	0.16	0.08	0.15	0.07	0.10	0.00	0.00	0.00
Total current assets	1.76	1.57	1.62	1.52	1.46	1.28	1.39	1.45	1.48	1.36	1.47	1.49	1.45	1.23	1.30	1.28	1.04	1.03	0.75	0.00	0.00	0.00
Total non-current assets +	3.32	3.35	3.14	2.35	2.33	2.34	2.36	2.33	2.36	2.39	2.41	2.49	2.50	2.95	2.40	2.57	2.69	2.98	1.98	0.82	0.82	0.82
Property, plant and equipment, net											0.28	0.23	0.23	0.22	0.22	0.21	0.27	0.28				0.25
Goodwill	1.66	1.67	1.56	1.25	1.22	1.20	1.24	1.21	1.21	1.21	1.19	1.21	1.20	1.19	1.15	1.31	1.35	1.36	1.05		1.03
Intangible assets	0.82	0.85	0.76	0.47	0.47	0.48	0.50	0.51	0.53	0.55	0.57	0.60	0.62	0.64	0.65	0.68	0.72	0.75	0.33		0.35
Long-term investments	0.04	0.04	0.06	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02
Other non-current assets
Total assets	5.08	4.92	4.76	3.87	3.79	3.62	3.75	3.78	3.84	3.75	3.88	3.98	3.95	4.18	3.70	3.85	3.74	4.01	2.73	0.82	0.82	0.82	0.00

Total current liabilities +	1.49	1.38	1.32	0.92	0.91	0.78	0.89	0.88	0.98	0.83	0.92	0.91	0.88	0.77	0.84	0.78	0.80	0.72	0.56	0.01	0.01	0.00	0.00
Accounts payable	0.60	0.52	0.56	0.35	0.33	0.26	0.33	0.33	0.39	0.30	0.45	0.44	0.35	0.25	0.34	0.27	0.29	0.14	0.13		0.10	0.10
Short-term debt	0.09	0.08	0.05	0.03	0.03	0.03	0.04	0.02	0.03	0.04	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.03	0.00	0.00
Current portion of long-term debt	0.06	0.06	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Deferred revenue
Other current liabilities	0.80	0.62	0.50	0.39	0.40	0.47	0.51	0.42	0.46	0.48	0.43	0.42	0.48	0.48	0.45	0.45	0.47	0.54	0.40	0.00	0.00	0.00	0.00
Total non-current liabilities +	1.92	1.87	1.90	1.75	1.75	1.79	1.75	1.69	1.68	1.71	1.70	1.73	1.72	2.04	1.70	1.81	1.54	1.80	1.33	0.08	0.08	0.03
Long-term debt	1.46	1.36	1.37	1.36	1.37	1.37	1.37	1.36	1.36	1.36	1.35	1.35	1.35	1.22	1.22	1.22	1.02	1.02
Capital lease obligations	0.09	0.09	0.09	0.07	0.07	0.08	0.08	0.07	0.07	0.07	0.07	0.08	0.08	0.08	0.07	0.07	0.08	0.08
Other non-current liabilities	0.14	0.15	0.18	0.10	0.07	0.03	0.05	0.03	0.03	0.03	0.04	0.36	0.34	0.04	0.47	0.48	0.03	0.02
Total liabilities	3.42	3.26	3.23	2.66	2.66	2.57	2.65	2.56	2.66	2.54	2.63	2.64	2.60	2.81	2.53	2.59	2.34	2.52	1.88	0.08	0.09	0.03	0.00

Total stockholders' equity +	1.61	1.61	1.53	1.20	1.12	1.05	1.10	1.21	1.17	1.21	1.25	0.18	0.16	0.15	0.08	0.09	1.40	1.49	0.85	0.73	0.73	0.01	0.00
Common stock and paid-in capital	3.02	3.07	3.08	2.69	2.62	2.63	2.66	2.64	2.63	2.65	2.64	0.37	0.34	0.33	0.22	0.21	2.55	2.56	1.71	0.73	0.73	0.01	0.00	0.00
Retained earnings	-1.41	-1.47	-1.55	-1.49	-1.50	-1.58	-1.56	-1.43	-1.46	-1.44	-1.39	-0.19	-0.18	-0.18	-0.15	-0.13	-1.16	-1.07	-0.87	0.00	0.00	0.00	0.00
Common shares outstanding	519	524	486	475	479	463	462	471	461	467	458	419	419	419	419	419	419	419	419	419	419		419	102

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18
Operating cash flow +	0.23	0.27	0.16	-0.39	-0.51	-0.25	0.23	0.14
Net income
Depreciation, depletion and amortization	0.19	0.18	0.19	0.18	0.15	0.15	0.14	0.08
Stock-based compensation	0.08	0.08	0.08	0.04	0.00	0.00	0.01	0.00
Change in inventory
Other working capital changes	-0.04	0.02	-0.11	-0.62	-0.67	-0.40	0.08	0.05
Cash flow from investing +	-0.21	-0.10	-0.12	-0.10	-0.03	-0.05	-0.09	-0.53
Capital expenditures	-0.13	-0.11	-0.11	-0.09	-0.04	-0.05	-0.06	-0.07
Others incl. marketable securities changes	-0.08	0.01	-0.01	0.00	0.02	0.00	-0.03	-0.46
Cash flow from financing +	-0.13	-0.09	0.12	0.29	0.48	0.38	-0.07	0.23
Dividend payout			0.00	-0.01	0.00	0.00	-0.06
Common stock repurchases	-0.07	-0.06	-0.01	-0.17	0.00	0.00	-0.06	-0.01
Net Debt Issuance	-0.06	-0.03	0.13	0.47	0.48	0.38	0.05	0.24

Change in cash	-0.10	0.09	0.16	-0.20	-0.06	0.09	0.08	-0.17

Show Quarterly Cash Flow

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20
Operating cash flow +	-0.02	0.05	0.07	0.06	0.05	0.07	0.09	0.07	0.05	0.06	0.14	0.05	-0.08	0.00	-0.08	-0.16	-0.15	-0.17	-0.11	-0.24	-0.11	-0.15
Net income
Depreciation, depletion and amortization	0.06	0.06	0.05	0.04	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.05	0.03	0.04	0.04	0.03
Stock-based compensation	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.00	0.00	0.00		0.00
Change in inventory
Other working capital changes	-0.09	-0.03	0.00	-0.01	-0.01	0.01	0.02	0.01	-0.02	-0.01	0.07	-0.03	-0.14	-0.07	-0.14	-0.21	-0.20	-0.22	-0.14	-0.27	-0.15	-0.17
Cash flow from investing +	-0.03	-0.01	-0.17	-0.01	-0.02	-0.03	-0.03	-0.02	-0.03	-0.03	-0.03	-0.03	-0.03	-0.02	-0.03	-0.02	-0.02	0.05	-0.01	-0.07	-0.06	-0.01
Capital expenditures	-0.04	-0.04	-0.03	-0.03	-0.03	-0.03	-0.03	-0.02	-0.03	-0.03	-0.03	-0.03	-0.03	-0.02	-0.03	-0.02	-0.02	-0.02	-0.01	-0.02	-0.01	-0.01
Others incl. marketable securities changes	0.01	0.03	-0.14	0.02	0.01	0.00	0.00	0.01	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	0.00	0.07	0.00	-0.05	-0.05	0.00
Cash flow from financing +	0.05	-0.05	-0.03	-0.02	-0.03	-0.01	-0.06	-0.01	-0.01	0.00	0.00	0.00	0.12	0.00	-0.01	0.31	-0.01	0.20	0.09	0.19	0.09	0.00
Dividend payout		-0.01	-0.01	-0.01			-0.01				-0.01			-0.01	-0.01	-0.01	0.00	0.00	0.00
Common stock repurchases	-0.04	-0.04	-0.03	-0.02	0.00	0.02	-0.06	-0.01	-0.01	0.01	-0.01		-0.01	0.00	0.00	-0.17			0.00		0.00
Net Debt Issuance	0.09	0.00	0.01	0.00	-0.02	-0.03	0.00	0.00	0.00	-0.02	0.02	0.00	0.13	0.01	0.00	0.48	-0.01	0.20	0.09	0.19	0.09	0.00

Change in cash	0.01	0.00	-0.13	0.02	0.01	0.03	0.00	0.05	0.01	0.03	0.10	0.02	0.01	-0.03	-0.12	0.13	-0.18	0.08	-0.02	-0.12	-0.09	-0.16

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Global Business Travel Group, Inc.

Income Statement - Global Business Travel Group, Inc. (GBTG)

Income Statement - Global Business Travel Group, Inc. (GBTG)

Balance Sheet - Global Business Travel Group, Inc. (GBTG)

Balance Sheet - Global Business Travel Group, Inc. (GBTG)

Cash Flow - Global Business Travel Group, Inc. (GBTG)

Cash Flow - Global Business Travel Group, Inc. (GBTG)