Global Business Travel Group annual net debt
2021
2022
2023
2024
2025
Global Business Travel Group Net Debt Growth & History (GBTG)
Global Business Travel Group's net debt was $1.07B for fiscal 2025.
View full Global Business Travel Group company overviewGlobal Business Travel Group annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.07B | $146.0M | +15.77% |
| 2024 | 2024-12-31 | $926.0M | −$32.0M | −3.34% |
| 2023 | 2023-12-31 | $958.0M | −$41.0M | −4.10% |
| 2022 | 2022-12-31 | $999.0M | $410.0M | +69.61% |
| 2021 | 2021-12-31 | $589.0M | — | — |
Global Business Travel Group quarterly net debt
Q4.21
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.08B | $228.0M | +26.73% |
| Q1 2026 | 2026-03-31 | $1.16B | $258.0M | +28.48% |
| Q4 2025 | 2025-12-31 | $1.07B | $146.0M | +15.77% |
| Q3 2025 | 2025-09-30 | $1.06B | $121.0M | +12.86% |
| Q2 2025 | 2025-06-30 | $853.0M | −$63.0M | −6.88% |
| Q1 2025 | 2025-03-31 | $906.0M | −$56.0M | −5.82% |
| Q4 2024 | 2024-12-31 | $926.0M | −$32.0M | −3.34% |
| Q3 2024 | 2024-09-30 | $941.0M | −$60.0M | −5.99% |
| Q2 2024 | 2024-06-30 | $916.0M | −$183.0M | −16.65% |
| Q1 2024 | 2024-03-31 | $962.0M | −$152.0M | −13.64% |
| Q4 2023 | 2023-12-31 | $958.0M | −$41.0M | −4.10% |
| Q3 2023 | 2023-09-30 | $1.00B | $21.0M | +2.14% |
| Q2 2023 | 2023-06-30 | $1.10B | $256.0M | +30.37% |
| Q1 2023 | 2023-03-31 | $1.11B | — | — |
| Q4 2022 | 2022-12-31 | $999.0M | $410.0M | +69.61% |
| Q3 2022 | 2022-09-30 | $980.0M | — | — |
| Q2 2022 | 2022-06-30 | $843.0M | — | — |
| Q4 2021 | 2021-12-31 | $589.0M | — | — |
Global Business Travel Group net debt trends
Between the periods ended 2021-12-31 and 2025-12-31, Global Business Travel Group's net debt increased from $589.0M to $1.07B, a change of $483.0M. The latest reported quarter, Q2 2026, shows $1.08B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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