Financial Statements — GBTG
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.52 | 0.44 | 0.43 | 0.60 | 0.55 | 0.52 | 0.52 | 0.48 | 0.43 | 0.34 | 0.32 | 0.45 | 0.00 | 0.00 | 0.00 | 0.00 |
| Accounts Receivable | 0.97 | 1.01 | 0.93 | 0.72 | 0.72 | 0.69 | 0.71 | 0.81 | 0.85 | -- | 0.93 | 0.69 | -- | -- | -- | -- |
| Total Current Assets | 1.79 | 1.76 | 1.62 | 1.52 | 1.46 | 1.39 | 1.45 | 1.48 | 1.47 | 1.49 | 1.45 | 1.28 | 0.00 | 0.00 | 0.00 | 0.00 |
| Property, Plant & Equipment | 0.31 | 0.30 | 0.30 | 0.24 | 0.24 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.21 | -- | -- | -- | -- |
| Goodwill | 1.66 | 1.66 | 1.56 | 1.25 | 1.22 | 1.24 | 1.21 | 1.21 | 1.19 | 1.21 | 1.20 | 1.31 | -- | -- | -- | -- |
| Intangible Assets | 0.80 | 0.82 | 0.76 | 0.47 | 0.47 | 0.50 | 0.51 | 0.53 | 0.57 | 0.60 | 0.62 | 0.68 | -- | -- | -- | -- |
| Total Non-current Assets* | 3.29 | 3.32 | 3.14 | 2.35 | 2.33 | 2.36 | 2.33 | 2.36 | 2.41 | 2.49 | 2.50 | 2.57 | 0.82 | 0.82 | -- | -- |
| Total Assets | 5.08 | 5.08 | 4.76 | 3.87 | 3.79 | 3.75 | 3.78 | 3.84 | 3.88 | 3.98 | 3.95 | 3.85 | 0.82 | 0.82 | -- | -- |
| Accounts Payable | 0.62 | 0.60 | 0.56 | 0.35 | 0.33 | 0.33 | 0.33 | 0.39 | 0.39 | -- | 0.35 | 0.27 | 0.01 | 0.01 | 0.00 | 0.00 |
| Total Current Liabilities | 1.50 | 1.49 | 1.32 | 0.92 | 0.91 | 0.89 | 0.88 | 0.98 | 0.92 | 0.91 | 0.88 | 0.78 | 0.02 | 0.01 | 0.01 | 0.01 |
| Long-term Debt | 1.51 | 1.52 | 1.39 | 1.38 | 1.38 | 1.38 | 1.36 | 1.36 | 1.35 | 1.35 | 1.35 | 1.22 | -- | -- | -- | -- |
| Total Non-current Liabilities* | 1.89 | 1.92 | 1.90 | 1.75 | 1.75 | 1.75 | 1.69 | 1.68 | 1.70 | 1.73 | 1.72 | 1.81 | 0.09 | 0.06 | -- | -- |
| Total Liabilities | 3.39 | 3.42 | 3.23 | 2.66 | 2.66 | 2.65 | 2.56 | 2.66 | 2.63 | 2.64 | 2.60 | 2.59 | 0.10 | 0.07 | -- | -- |
| Retained Earnings | (1.40) | (1.41) | (1.55) | (1.49) | (1.50) | (1.56) | (1.43) | (1.46) | (1.39) | (0.19) | (0.18) | (0.13) | (0.10) | (0.07) | -- | -- |
| Total Stockholder Equity | 1.64 | 1.61 | 1.53 | 1.20 | 1.12 | 1.10 | 1.21 | 1.17 | 1.25 | 0.18 | 0.16 | 0.09 | (0.10) | (0.07) | -- | -- |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 0.87 | 0.84 | 0.79 | 0.67 | 0.63 | 0.62 | 0.59 | 0.60 | 0.63 | 0.61 | 0.55 | 0.57 | 0.59 | 0.88 | 0.58 | 0.49 | 0.00 | (0.35) | 0.00 | 0.00 |
| Selling, General & Admin | 0.11 | 0.10 | 0.08 | 0.08 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.09 | 0.06 | 0.08 | 0.09 | 0.13 | 0.08 | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Operating Expenses | 0.85 | 0.84 | 0.76 | 0.66 | 0.60 | 0.57 | 0.56 | 0.57 | 0.58 | 0.59 | 0.55 | 0.57 | 0.59 | 1.01 | 0.59 | 0.51 | 0.00 | (0.58) | -- | -- |
| Operating Income | 0.02 | 0.00 | 0.03 | 0.01 | 0.03 | 0.06 | 0.03 | 0.03 | 0.04 | 0.02 | 0.00 | -0.00 | 0.00 | (0.04) | (0.01) | (0.02) | -- | -- | -- | -- |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Pretax Income | 0.02 | 0.01 | 0.06 | (0.04) | 0.03 | 0.10 | -- | (0.07) | 0.00 | 0.01 | (0.04) | (0.01) | (0.06) | (0.08) | (0.04) | -0.00 | -- | -- | -- | -- |
| Tax Provision | 0.00 | (0.04) | (0.03) | 0.02 | 0.02 | 0.02 | 0.01 | 0.05 | (0.03) | 0.03 | 0.00 | -0.00 | -0.00 | (0.02) | (0.01) | -0.00 | -- | -- | -- | -- |
| Net Income | 0.02 | 0.05 | 0.08 | (0.06) | 0.02 | 0.08 | (0.01) | (0.13) | 0.03 | (0.02) | (0.05) | (0.01) | (0.05) | (0.15) | (0.07) | -0.00 | (0.01) | (0.03) | 0.01 | -0.00 |
| Basic EPS | 0.03 | 0.10 | 0.16 | (0.13) | 0.03 | 0.16 | (0.04) | (0.28) | 0.06 | (0.04) | (0.16) | 0.00 | (0.23) | (0.52) | (0.03) | 0.44 | -- | -- | -- | -- |
| Diluted EPS | 0.03 | 0.10 | 0.16 | (0.13) | 0.03 | 0.16 | (0.04) | (0.28) | 0.06 | (0.04) | (0.10) | (0.02) | (0.23) | (0.13) | (0.06) | (0.21) | -- | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 142.00 | (15.00) | 52.00 | 71.00 | 57.00 | 53.00 | 65.00 | 85.00 | 73.00 | 49.00 | 58.00 | 135.00 | (31.00) | (4.00) | (77.00) | (308.92) | (0.08) | (0.71) | (1.23) | (1.73) |
| Capital Expenditures | 39.00 | 37.00 | 39.00 | 33.00 | 30.00 | 27.00 | 32.00 | 26.00 | 24.00 | 25.00 | 26.00 | 28.00 | 59.00 | 21.00 | 32.00 | 42.00 | -- | -- | -- | -- |
| Free Cash Flow* | 103.00 | (52.00) | 13.00 | 38.00 | 27.00 | 26.00 | 33.00 | 59.00 | 49.00 | 24.00 | 32.00 | 107.00 | (90.00) | (25.00) | (109.00) | (350.92) | -- | -- | -- | -- |
| Investing Cash Flow | (39.00) | (27.00) | (5.00) | (171.00) | (12.00) | (18.00) | (32.00) | (26.00) | (19.00) | (25.00) | (26.00) | (29.00) | (64.00) | (22.00) | (32.00) | (42.00) | -- | -- | -- | -- |
| Financing Cash Flow | (29.00) | 49.00 | (47.00) | (33.00) | (23.00) | (25.00) | (6.00) | (62.00) | (7.00) | (10.00) | (1.00) | (2.00) | 123.00 | (1.00) | 122.00 | 298.00 | -- | 0.00 | 1.50 | 2.00 |
* Derived from reported values
