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Global Business Travel Group (GBTG)
NYSE:GBTG
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.04Last Year’s EPS
0.16Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed a positive and constructive outlook: the company reported strong full-year and Q4 growth (material revenue, TTV, and adjusted EBITDA increases), outlined clear AI-driven productivity and margin expansion opportunities, and provided explicit guidance and pro forma uplift from CWT synergies. Near-term challenges include integration-related margin dilution and one-time cash costs, seasonality changes, and geopolitical uncertainty (notably the Middle East), but management presented concrete synergy targets, demonstrated balance sheet strength, and doubled buyback authorization, supporting confidence in execution.Company Guidance
AI and Digital Adoption Driving Productivity
Digital transactions rose from ~60% to over 80% (cited ~83%), Egencia average booking time under three minutes, 57% of chats resolved without human intervention (deflection); management expects adjusted gross profit margin to expand 150–200 basis points per year over the next five years (targeting high sixties by 2030) driven largely by AI and automation.
Product & Partnership Momentum
Launched strategic partnership with SAP Concur and flagship solution 'Complete'; next-gen Egencia (AI-powered) launching in April with full Concur Expense integration; multiple agentic AI partnerships with a major technology customer, a large European software company, and AI-native entrants.
Full-Year Financial Strength
Total transaction value (TTV) grew 17% in 2025; revenue grew 12% year-over-year; adjusted gross profit margin was 60% for the full year; adjusted EBITDA grew 11%; free cash flow of $104 million for the year; customer retention rate of 96% and excluding CWT new wins accelerated to $3.3 billion.
Fourth-Quarter Acceleration (Includes CWT)
Q4 TTV grew 45% to $10.0 billion; transaction growth was 37%; revenue rose 34% to $792 million (travel revenue +36%); product & professional services revenue up 27%; adjusted EBITDA for Q4 grew 17% to $130 million; excluding CWT, Q4 revenue grew 8%.
Compelling 2026 Guidance and Pro Forma Upside
Full-year 2026 revenue guidance of $3.235B–$3.295B (19%–21% YoY growth); adjusted EBITDA guidance of $615M–$645M (16%–21% growth). On a pro forma basis including full projected CWT synergies ($155M), adjusted EBITDA would be $715M–$745M. Free cash flow guidance $125M–$155M (or $235M–$265M excluding restructuring/CWT integration cash impacts).
CWT Acquisition and Synergy Progress
Closed acquisition of CWT in September 2025; identified $155 million of bottom-line synergies driven by cost; targeting $55 million of in-year synergies in 2026 and have actioned $45 million to date through workforce reductions, real estate consolidation, and vendor savings.
Balance Sheet & Capital Allocation
Net leverage of 1.9x (net debt / LTM adjusted EBITDA), below midpoint of target range; refinanced debt reducing borrowing rate by 50 basis points; share repurchase authorization doubled to $600 million with $103 million returned to shareholders to date; disciplined CapEx target ~4% of revenue.
GBTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GBTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 09, 2026 | $5.74 | $5.76 | +0.35% |
Nov 10, 2025 | $7.96 | $7.65 | -3.89% |
Aug 05, 2025 | $6.24 | $6.50 | +4.17% |
May 06, 2025 | $6.89 | $6.17 | -10.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Global Business Travel Group (GBTG) report earnings?
Global Business Travel Group (GBTG) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is Global Business Travel Group (GBTG) earnings time?
Global Business Travel Group (GBTG) earnings time is at May 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GBTG EPS forecast?
GBTG EPS forecast for the fiscal quarter 2026 (Q1) is 0.04.