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 | $92.0M | — | −4.74% |
| Q3 2022 | 2022-09-30 | −$112.0M | — | — | −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 SEC-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 filings at SEC.gov ↗