Global Business Travel Group annual operating margin
2021
2022
2023
2024
2025
Global Business Travel Group Operating Margin Growth & History (GBTG)
Global Business Travel Group's operating margin was 4.78% for fiscal 2025.
View full Global Business Travel Group company overviewGlobal Business Travel Group annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 4.78% | +0.04 pp |
| 2024 | 2024-12-31 | 4.75% | +5.10 pp |
| 2023 | 2023-12-31 | −0.35% | +10.35 pp |
| 2022 | 2022-12-31 | −10.70% | +62.70 pp |
| 2021 | 2021-12-31 | −73.39% | — |
Global Business Travel Group quarterly operating margin
Q2.21
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 | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.76% | −2.63 pp |
| Q1 2026 | 2026-03-31 | 0.36% | −8.50 pp |
| Q4 2025 | 2025-12-31 | 3.66% | −1.41 pp |
| Q3 2025 | 2025-09-30 | 1.78% | −2.74 pp |
| Q2 2025 | 2025-06-30 | 5.39% | −1.33 pp |
| Q1 2025 | 2025-03-31 | 8.86% | +6.23 pp |
| Q4 2024 | 2024-12-31 | 5.08% | +4.53 pp |
| Q3 2024 | 2024-09-30 | 4.52% | +5.22 pp |
| Q2 2024 | 2024-06-30 | 6.72% | +6.38 pp |
| Q1 2024 | 2024-03-31 | 2.62% | +4.18 pp |
| Q4 2023 | 2023-12-31 | 0.55% | +7.76 pp |
| Q3 2023 | 2023-09-30 | −0.70% | +8.52 pp |
| Q2 2023 | 2023-06-30 | 0.34% | +4.25 pp |
| Q1 2023 | 2023-03-31 | −1.56% | +25.87 pp |
| Q4 2022 | 2022-12-31 | −7.21% | +55.73 pp |
| Q3 2022 | 2022-09-30 | −9.22% | +65.29 pp |
| Q2 2022 | 2022-06-30 | −3.91% | — |
| Q1 2022 | 2022-03-31 | −27.43% | — |
| Q3 2021 | 2021-09-30 | −62.94% | — |
| Q2 2021 | 2021-06-30 | −74.51% | — |
Global Business Travel Group operating margin trends
Across the available reported history, Global Business Travel Group's operating margin increased from 4.75% to 4.78%, a change of +0.04 percentage points. The latest reported quarter, Q2 2026, shows 2.76%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Global Business Travel Group filings at SEC.gov ↗