AMZNprintsminutestrendsdividendsdrawdownsP/E 28.4macronarrativesvolatilitybuybackssentiment+0.8%marginsMSFTPMI 52.1momentumdividendsflowsPMI 52.1digeststhreadsvolatilityearnings callsvolumesβ 1.24breakoutsnewsflow2s10sliquidityheadlines−1.2%breakoutsnoiseGOOGLbuybacksrevisionstrendsPMI 52.1briefstickersnoiseGDPsentimentchattertranscriptsGOOGLsentimentvolatilitybuybacksMSFTwhispersMETAsessionsyield curves13FfuturesdowngradesPMI 52.1headlinesthe tapeflowsdowngradesfutures+0.8%earnings callstranscriptsclosesgammacatalystsrevisionsvolatilitysentimentchatter+2.41%earnings callssentimentfilingstrends10y 4.21%cyclesbuybackswiresspx 0dtewhisperstickersQ3trendsnewsflowearnings callsWTI 78.2sentimentnoisethreadsrumorsnarrativesFOMCconsensusestimatesmomentumYoY +18%tickersmomentumprintsβ 1.24revisions

momentumheadlines52w hipositioning2s10sfilingstrendsprintstrendsmacrocyclesnoise2s10smacroQ3narrativesheadlinesflowscyclesnarrativesspreadstranscriptsdowngradesupgradeswhisperswhispersminutesthe tapeNDXfuturesminutesyield curves52w hithe tapeFOMCcatalystsbriefsthe tapeNVDAguidancetrends52w hidrawdowns2s10swhispersmomentumdrawdownsbuybacks

PCEliquiditysentimentbreakoutsdowngradesP/E 28.4threadsAAPLSPXvolatilityNDXflowscyclesliquidityestimatesEPS 4.12

GBTG · NYSE · Travel Services

Global Business Travel Group

Manages corporate travel, expense workflows, meetings, and events through software and global traveler support.

$9.48

After-hours close+0.01 (+0.11%)

At close$9.47(+0.11%)

Something off on this page? Send us feedback.

Profile

Global Business Travel Group, Inc.GBTGConsumer Discretionary

Manages business travel, expense workflows, meetings, and events through Egencia, Complete, Neo, Select, Ovation, and other service-led offerings. Revenue comes mainly from transaction fees and supplier payments tied to bookings, supplemented by management, subscription, consulting, and events fees across a global owned-and-partner network.

Runs managed business-travel programs for enterprises and smaller businesses, combining air, hotel, rail, and car content with round-the-clock support. Its portfolio spans Egencia, Complete by SAP Concur and Amex GBT, Neo, Select, Ovation, and CWTSatoTravel; Meetings & Events and Consulting cover group travel and program design.

Earns most revenue from client transaction fees and volume-linked supplier payments; management, subscription, meetings, and consulting fees provide less travel-volume-sensitive income. Owned operations in major business-travel markets and partner networks extend service globally. Scale supports negotiated content, travel-policy controls, duty-of-care tools, analytics, and disruption servicing.

Operates separately from American Express under a limited brand license and remains subject to bank regulation while American Express is deemed to control it. CWT integration continues, while a shareholder-approved acquisition by Long Lake Management awaits regulatory clearances.

Company facts

CEOPaul Gordon Abbott

ListedMay 31, 2022

ExchangeNYSE

HeadquartersNew York, NY

CountryUnited States

Employees27,000

CIK0001820872

ISINUS37890B1008

Key statistics

Market cap$4.95B

EPS (ttm)$0.1600

P/E (ttm)59.25

ROE5.5%

P/B2.97

P/S1.56

Dividend yield—

Beta0.59vs XLY 0.68

Year to date +25.9% · Average volume (30d) 1.2M

Analysts

Price target, next 12 months$8.60−9.3%Median of 8 analysts · vs the Aug 28 close

ConsensusBuy6 of 8 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $9.48

High$9.50+0.2%

Median$8.60−9.3%

Low$7.00−26.2%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Prior rating	Rating	Target
May 5, 2026	BTIG	Downgrade	Buy	Neutral
May 4, 2026	Lake Street	Target			$9.50
Mar 11, 2026	Deutsche Bank	Target			$8.20
Mar 9, 2026	Morgan Stanley	Target			$7
Mar 9, 2026	BTIG	Target			$9

Earnings

EPS

Estimate$0.01

ReportedDue Nov 9, 2026

Revenue

Estimate$825.9M

ReportedDue Nov 9, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 4, 2026Q2 FY26	$0.06	$0.03	−50.0%	$810.6M	$870.0M	+7.3%	0.00%
May 4, 2026Q1 FY26	$0.05	$0.05	0.0%	$814.5M	$840.0M	+3.1%	+1.50%
Mar 9, 2026Q4 FY25	$0.02	$0.06	+200.0%	$790.0M	$792.0M	+0.3%	−4.34%
Nov 10, 2025Q3 FY25	$0.12	−$0.07	−158.2%	$614.7M	$674.0M	+9.6%	+2.88%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$621.0M	$631.0M	$674.0M	$792.0M	$840.0M	$870.0M
Gross profit	$390.0M	$389.0M	$404.0M	$450.0M	$490.0M	$514.0M
Operating income	$55.0M	$34.0M	$12.0M	$36.0M	$47.0M	$24.0M
Net income	$75.0M	$13.0M	−$62.0M	$83.0M	$52.0M	$15.0M
Diluted EPS	$0.16	$0.03	−$0.13	$0.16	$0.10	$0.03
Gross margin	62.8%	61.6%	59.9%	56.8%	58.3%	59.1%
Operating margin	8.9%	5.4%	1.8%	4.5%	5.6%	2.8%

Fiscal years (4-quarter sums)FY21 $763.0M · FY22 $1.85B · FY23 $2.29B · FY24 $2.42B · FY25 $2.72B

Revenue by product · Q2 FY26

Product And Service, Other$170.0M · 100%

Revenue by geography · FY25

United Kingdom$1.36B · 50%

Countries Other Than United States And United Kingdom$754.0M · 28%

United States$601.0M · 22%

Balance sheet, Jun 30, 2026Cash & short-term investments $518.0M · Total debt $1.60B · Total assets $5.08B · Shareholders' equity $1.64B

Dividends

No dividends on record.

Ownership

Institutions 63.57%332.04M sharesInsiders 5.41%28.27M sharesOther 31.02%161.98M shares

Shares outstanding 522.29M · Float 195.73M · 37.5% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
American Express Co	157.79M	30.21%	13F	Aug 7, 2026
Qatar Investment Authority	87.66M	16.80%	13D	Jun 29, 2026
Expedia Group, Inc.	74.85M	14.30%	13D	May 5, 2026
BlackRock, Inc.	49.49M	9.48%	13F	Aug 7, 2026
Apollo Management Holdings, L.P.	21.71M	4.16%	13F	Aug 14, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Aug 21, 2026	Eric J. Bock	officer: See remarks	−64,780	$9.46
Aug 20, 2026	Eric J. Bock	officer: See remarks	−10,000	$9.46
Aug 6, 2026	Andrew George Crawley	officer: President	−332,662	$9.43
Aug 5, 2026	Andrew George Crawley	officer: President	−350,000	$9.43
Aug 5, 2026	Karen A. Williams	officer: Chief Financial Officer	−20,000	$9.43