Global Business Travel Group annual free cash flow
2020
2021
2022
2023
2024
2025
Global Business Travel Group Free Cash Flow (FCF) History (GBTG)
Global Business Travel Group reported $104.0M in free cash flow for fiscal 2025, a decrease of 36.97% from the previous fiscal year, with a free cash flow margin of 3.83%.
View full Global Business Travel Group company overviewGlobal Business Travel Group free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $104.0M | −$61.0M | −36.97% | +3.83% |
| 2024 | 2024-12-31 | $165.0M | $116.0M | +236.73% | +6.81% |
| 2023 | 2023-12-31 | $49.0M | $537.0M | — | +2.14% |
| 2022 | 2022-12-31 | −$488.0M | $68.0M | — | −26.36% |
| 2021 | 2021-12-31 | −$556.0M | −$259.0M | — | −72.87% |
| 2020 | 2020-12-31 | −$297.0M | — | — | — |
Global Business Travel Group quarterly free cash flow
Q3.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $103.0M | $76.0M | +281.48% | +11.84% |
| Q1 2026 | 2026-03-31 | −$52.0M | −$78.0M | — | −6.19% |
| Q4 2025 | 2025-12-31 | $13.0M | −$20.0M | −60.61% | +1.64% |
| Q3 2025 | 2025-09-30 | $38.0M | −$21.0M | −35.59% | +5.64% |
| Q2 2025 | 2025-06-30 | $27.0M | −$22.0M | −44.90% | +4.28% |
| Q1 2025 | 2025-03-31 | $26.0M | $2.0M | +8.33% | +4.19% |
| Q4 2024 | 2024-12-31 | $33.0M | $1.0M | +3.13% | +5.58% |
| Q3 2024 | 2024-09-30 | $59.0M | −$48.0M | −44.86% | +9.88% |
| Q2 2024 | 2024-06-30 | $49.0M | $30.0M | +157.89% | +7.84% |
| Q1 2024 | 2024-03-31 | $24.0M | $133.0M | — | +3.93% |
| Q4 2023 | 2023-12-31 | $32.0M | $57.0M | — | +5.83% |
| Q3 2023 | 2023-09-30 | $107.0M | $219.0M | — | +18.74% |
| Q2 2023 | 2023-06-30 | $19.0M | $195.0M | — | +3.21% |
| Q1 2023 | 2023-03-31 | −$109.0M | $66.0M | — | −18.86% |
| Q4 2022 | 2022-12-31 | −$25.0M | — | — | −4.74% |
| Q3 2022 | 2022-09-30 | −$112.0M | $5.0M | — | −22.95% |
| Q2 2022 | 2022-06-30 | −$176.0M | — | — | −36.21% |
| Q1 2022 | 2022-03-31 | −$175.0M | — | — | −50.00% |
| Q3 2021 | 2021-09-30 | −$117.0M | — | — | −59.39% |
Global Business Travel Group free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$297.0M to $104.0M, a net increase of $401.0M. Global Business Travel Group's latest reported quarter, Q2 2026, generated $103.0M in free cash flow, an increase of 281.48% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Global Business Travel Group source filings ↗Community posts
Long Lake completes $6.3 billion Amex GBT buyout and shares cease trading
Long Lake completed its all-cash acquisition of American Express Global Business Travel ($GBTG) in a transaction valuing the company at approximately $6.3 billion. Shareholders received $9.50 per share under the merger agreement. Amex GBT s ...
