Global Business Travel Group (GBTG) AI Stock Analysis

• Market Cap: $3.15B
• Dividend Yield: N/A
• Average Volume (3M): 1.11M
• Price to Earnings (P/E): 251.3
• Beta (1Y): 1.16
• Revenue Growth: 5.71%
• EPS Growth: N/A
• Country: US
• Employees: 19,000
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Software - Application
• EPS (TTM): -0.03
• Shares Outstanding: 523,526,100
• 10 Day Avg. Volume: 1,406,029
• 30 Day Avg. Volume: 1,109,492
• PEG Ratio: -0.27
• Price to Book (P/B): 4.09
• Price to Sales (P/S): 1.77
• P/FCF Ratio: 26.02
• Enterprise Value/Market Cap: 1.27
• Enterprise Value/Revenue: 1.59
• Enterprise Value/Gross Profit: 2.60
• Enterprise Value/Ebitda: 10.54
• 1Y Price Target: $10.25
• Price Target Upside: 70.55% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 0.35
• Revenue Forecast (FY): $3.26B

• Rating: 61 Neutral
• Price Target: $6.50 ▲(8.15% Upside)

The score is primarily supported by improving balance-sheet leverage and a positive earnings-call outlook with raised guidance and strong growth metrics. It is held back by weak cash-flow trends and very low net profitability, with technical indicators showing modest near-term weakness and valuation looking expensive due to the high P/E.

Positive Factors

High gross margin and stable revenue growth

A 61% gross margin indicates durable pricing power and efficient cost structure in core travel services. Combined with positive revenue growth, this supports sustained operating leverage and the ability to invest in tech and service capabilities over the next 2-6 months, underpinning margin resilience.

Markedly improved leverage and balance-sheet stability

A very low debt-to-equity ratio reduces financial risk and interest burden, giving the company flexibility to fund integration costs, product development, or opportunistic M&A. Strong balance-sheet positioning supports medium-term resilience and lowers refinancing risk through economic cycles.

Scale & strategic growth from CWT deal and partnerships

CWT materially expands scale and SME exposure while $155M targeted net cost synergies and strategic SAP Concur partnership strengthen distribution and product roadmap. AI-driven efficiency gains and large new-win pipeline support durable revenue and margin expansion over the medium term.

Negative Factors

Very low net profitability

A near-breakeven net margin provides limited buffer for cost shocks or slower volumes; it restrains retained earnings and capital available for reinvestment. Over months, this compresses flexibility to absorb integration costs or invest in product enhancements without relying on external financing.

Weakened free cash flow generation

Declining FCF and low OCF-to-income imply constrained internal funding for synergies, capital expenditures, and debt servicing. This limits margin recovery options post-acquisition and raises dependence on financing or working-capital management during integration over the next several quarters.

Integration margin pressure and higher loan principal

CWT integration has already cut adjusted margins and introduced operational complexity; simultaneously increasing term-loan principal raises absolute interest and amortization obligations. Together these factors can depress free cash flow and earnings durability while integration risks play out over 2-6 months.

Global Business Travel Group Business Overview & Revenue Model

Company Description

Global Business Travel Group, Inc. provides business-to-business (B2B) travel platform. The company's platform offers a suite of technology-enabled solutions to business travelers and corporate clients, travel content suppliers, and third-party travel agencies. Its platform manages travel, expenses, and meetings and events for companies. The company has built marketplace in B2B travel to deliver unrivalled choice, value, and experiences. Global Business Travel Group, Inc. is based in New York, New York.

How the Company Makes Money

GBTG generates revenue primarily through service fees charged for travel bookings, management services, and consulting. Key revenue streams include commissions from airlines, hotels, and car rental companies for bookings made through their platform, as well as transaction fees for each travel service utilized by clients. Additionally, GBTG may earn income from subscription models for access to premium services or technology solutions. Strategic partnerships with major travel suppliers and technology firms enhance its offerings and revenue potential, while a focus on cost savings for clients drives repeat business and long-term contracts.

Global Business Travel Group Financial Statement Overview

Summary

Revenue growth is positive and gross margin is strong (61.03%), while leverage improved materially (debt-to-equity 0.07). Offsetting this, profitability is very thin (net margin 0.40%) and free cash flow growth declined (-10.93%), keeping the overall financial profile moderate.

Income Statement

Global Business Travel Group has shown a positive trend in revenue growth, with a TTM revenue growth rate of 3.16%. The gross profit margin is strong at 61.03%, indicating efficient cost management. However, the net profit margin is low at 0.40%, suggesting limited profitability. The EBIT and EBITDA margins have improved over the years, reflecting better operational efficiency, but still indicate room for improvement.

Balance Sheet

The company has significantly improved its debt-to-equity ratio to 0.07 in the TTM period, indicating a strong reduction in leverage. The return on equity is low at 0.82%, showing limited returns for shareholders. The equity ratio is healthy, suggesting a stable financial structure. Overall, the balance sheet reflects improved financial stability.

Cash Flow

The free cash flow growth rate has declined by 10.93% in the TTM period, indicating challenges in generating cash. The operating cash flow to net income ratio is 0.19, suggesting moderate cash generation relative to net income. The free cash flow to net income ratio is 0.50, which is reasonable but indicates potential cash flow constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.52B	2.42B	2.29B	1.85B	763.00M	793.00M
Gross Profit	1.54B	1.46B	1.33B	1.02B	286.00M	264.00M
EBITDA	379.00M	222.00M	190.00M	-7.00M	-446.00M	-584.00M
Net Income	10.00M	-138.00M	-63.00M	-25.00M	0.00	-614.00M
Balance Sheet
Total Assets	4.76B	3.62B	3.75B	4.18B	4.01B	2.76B
Cash, Cash Equivalents and Short-Term Investments	427.00M	536.00M	476.00M	303.00M	516.00M	584.00M
Total Debt	1.48B	1.46B	1.45B	1.30B	1.10B	702.00M
Total Liabilities	3.23B	2.57B	2.54B	2.81B	2.52B	1.77B
Stockholders Equity	1.53B	1.05B	1.21B	152.00M	1.49B	981.00M
Cash Flow
Free Cash Flow	124.00M	165.00M	49.00M	-488.00M	-556.00M	-297.00M
Operating Cash Flow	246.00M	272.00M	162.00M	-394.00M	-512.00M	-250.00M
Investing Cash Flow	-233.00M	-102.00M	-119.00M	-95.00M	-27.00M	-47.00M
Financing Cash Flow	-87.00M	-85.00M	120.00M	292.00M	478.00M	384.00M

Global Business Travel Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GBTG, the sentiment is Negative. The current price of 6.01 is below the 20-day moving average (MA) of 7.34, below the 50-day MA of 7.61, and below the 200-day MA of 7.26, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 24.55 is Positive, neither overbought nor oversold. The STOCH value of 11.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GBTG.

Global Business Travel Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FRSH	72 Outperform	$2.67B	-88.65	-2.98%	―	18.18%	70.94%
GTM	68 Neutral	$2.14B	21.40	6.51%	―	1.47%	1077.70%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
GBTG	61 Neutral	$3.15B	251.34	0.76%	―	5.71%	―
KC	60 Neutral	$3.83B	-23.38	-15.88%	―	24.26%	55.58%
VERX	54 Neutral	$2.49B	-43.45	-20.47%	―	13.83%	-273.23%
ASAN	51 Neutral	$2.16B	-9.08	-102.48%	―	9.47%	16.97%

Global Business Travel Group Corporate Events

Global Business Travel Group Secures Amended Term Loan Financing

On January 21, 2026, Global Business Travel Group, Inc. and certain subsidiaries amended their senior secured credit agreement to reduce the interest rate margin on their term loans by 0.50% and increase the aggregate principal amount of those term loans by $100 million. Following the amendment, all outstanding term loans form a single fungible class bearing interest at SOFR plus 2.00% (or an alternate base rate plus 1.00%), with quarterly amortization of $3,752,525.25 and final maturity on July 26, 2031; the loans are voluntarily prepayable without premium except for a 1% fee on certain repricing transactions before July 21, 2026 and customary breakage costs, indicating the company has secured additional, slightly cheaper long-term funding while preserving flexibility in its capital structure.

The most recent analyst rating on (GBTG) stock is a Hold with a $8.00 price target. To see the full list of analyst forecasts on Global Business Travel Group stock, see the GBTG Stock Forecast page.