GBTG
Global Business Travel Group, Inc.
NYSEUSDEQUITY
Consumer Cyclical
DELAYED
Last price
9.45
▼ 0.01 (0.11%)
MARKET · —
Price
Open
9.46
Prev close
9.46
Day high
9.49
Day low
9.45
Volume
2.48M
Market cap
$4.94B
P/E (TTM)
59.06
52W range
4.96 – 9.54
Trailing performance
Returnvs SPY
1W
-0.11%
+1.3%
1M
+0.43%
-3.3%
3M
+0.21%
-2.9%
6M
+74.03%
+63.0%
YTD
+23.53%
+11.2%
1Y
+19.62%
-0.4%
3Y
+44.27%
-29.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$4.94B
Enterprise value$6.10B
Revenue (TTM)$3.18B
Gross profit$1.86B
EBITDA$388.00M
Net income$88.00M
EPS (TTM)$0.16
Free cash flow$425.88M
Total cash$518.00M
Total debt$1.63B
Book value / share$3.14
Shares outstanding522.37M
Float196.43M
Short % of float3.36%
Dividend yield—
Beta (5Y)0.94
Valuation & profitability ratios
Trailing P/E59.06
Forward P/E19.98
PEG ratio—
Price / sales—
Price / book3.01
EV / revenue1.92
EV / EBITDA15.72
Gross margin58.50%
Operating margin11.38%
Profit margin2.77%
Return on equity6.35%
Return on assets3.67%
Debt / equity96.39
Current ratio1.20
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $2.72B | $2.42B | $2.29B | $1.85B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $109.00M | -$138.00M | -$63.00M | -$25.00M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $109.00M | -$138.00M | -$63.00M | -$25.00M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.12 | 0.16 | +31.4% |
| Mar 2026 | 0.12 | 0.20 | +73.9% |
| Dec 2025 | 0.17 | 0.15 | -9.1% |
| Sep 2025 | 0.12 | 0.07 | -43.5% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.03 | 1 | $825.90M | +22.5% |
| Next quarter | 0.06 | 1 | $857.46M | +8.3% |
| Current year | 0.09 | 1 | $3.39B | +24.9% |
| Next year | 0.47 | 1 | $3.48B | +2.5% |
Analyst targets & ownership
Mean target$9.75
High target$10.00
Low target$9.50
Implied upside3.17%
Analyst count2
ConsensusNONE
Strong buy / Buy0 / 2
Hold2
Sell / Strong sell0 / 0
Held by insiders56.27%
Held by institutions50.05%
Institutions holding250
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
-1.85M
Net selling
Buy transactions
12
1.64M shares
Sell transactions
13
3.49M shares
Net transactions
+25
Buys less sells
Sell : buy shares
2.1 : 1
Mixed
Insider-held shares
293.94M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 6, 26 | CRAWLEY ANDREW GEORGE President |
SELL | 682.66K | $6.44M | Direct |
| Aug 5, 26 | WILLIAMS KAREN A Chief Financial Officer |
SELL | 20.00K | $188.60K | Direct |
| Jun 12, 26 | BOCK ERIC J Officer |
STOCK | 6.50K | $0 | Direct |
| Jun 12, 26 | BOCK ERIC J Officer |
SELL | 215.92K | $2.02M | Direct |
| Jun 11, 26 | ABBOTT PAUL GORDON Chief Executive Officer |
SELL | 574.32K | $5.37M | Direct |
| Jun 9, 26 | BOCK ERIC J Officer |
SELL | 200.00K | $1.87M | Direct |
| Jun 9, 26 | ABBOTT PAUL GORDON Chief Executive Officer |
SELL | 389.98K | $3.65M | Direct |
| Jun 9, 26 | KONWISER EVAN Officer |
SELL | 356.22K | $3.33M | Direct |
| Jun 8, 26 | WILLIAMS KAREN A Chief Financial Officer |
SELL | 10.00K | $93.50K | Direct |
| Jun 5, 26 | BUSH JAMES PETER Director |
SELL | 17.50K | $163.80K | Direct |
| Jun 5, 26 | ABBOTT PAUL GORDON Chief Executive Officer |
SELL | 8.74K | $81.85K | Direct |
| Jun 2, 26 | BOCK ERIC J Officer |
SELL | 800.00K | $7.48M | Direct |
| May 13, 26 | O'HARA MICHAEL GREGORY Director |
STOCK | 23.43K | $0 | Direct |
| May 13, 26 | WINTERS KATHLEEN A Director |
STOCK | 23.43K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ABBOTT PAUL GORDON |
Chief Executive Officer | 2.58M | Sale |
BOCK ERIC J |
Officer | 773.96K | Stock Gift |
BUSH JAMES PETER |
Director | 120.53K | Sale |
CRAWLEY ANDREW GEORGE |
President | 699.18K | Sale |
HUSKA PATRICIA ANNE |
Officer | 1.37M | Stock Award(Grant) |
KONWISER EVAN |
Officer | 502.64K | Sale |
O'HARA MICHAEL GREGORY |
Director | 20.08M | Stock Award(Grant) |
THOMPSON JOHN DAVID |
Chief Technology Officer | 626.79K | Sale |
VAN VLIET CHRISTOPHER |
Officer | 205.89K | Stock Award(Grant) |
WILLIAMS KAREN A |
Chief Financial Officer | 548.26K | Sale |
Moving averages & technicals
SMA 10
9.45
+0.00% from price
SMA 20
9.44
+0.11% from price
SMA 50
9.41
+0.41% from price
SMA 100
8.57
+10.29% from price
SMA 200
7.68
+23.05% from price
EMA 12
9.45
+0.03% from price
EMA 26
9.42
+0.27% from price
EMA 50
9.26
+2.07% from price
RSI (14)
61.3
Neutral
MACD (12,26,9)
0.02
Hist -0.00
ATR (14)
0.02
0.23% of price
Realised vol 30D
1.7%
Annualised
Bollinger upper
9.47
20, 2σ
Bollinger lower
9.41
20, 2σ
50 / 200 cross
Golden
9.41 vs 7.68
Trend bias
Above 200
+23.05%
Risk profile
Beta vs SPY
0.62
Less volatile than market
Correlation to SPY
0.12
Largely independent
Realised vol 30D
1.7%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-40.4%
Peak to trough
Max drawdown 5Y
-48.0%
Peak to trough
ATR 14
0.02
0.23% of price
Beta (reported)
0.94
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
23.14
Put-heavy session
Put / call open interest
0.42
Positioning, not flow
Max pain
7.50
-20.6% from spot
ATM implied vol
21.1%
Nearest strike to spot
Skew (10% OTM)
+29.7%
Puts bid over calls
Call volume
7
Contracts, this expiry
Put volume
162
Contracts, this expiry
Heaviest call OI
10.00
514 contracts
Heaviest put OI
5.00
160 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
1 Growth Stock Set to Flourishand 2 We Find Risky
StockStory · 2d ago
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Trefis · 3d ago
3 Reasons to Avoid GBTG and 1 Stock to Buy Instead
StockStory · 8d ago
Global Business Travel Group (GBTG) Earnings Put Its Valuation Narrative Back In Focus
Simply Wall St. · 10d ago
Expedia Is Still Handing Owners A Bigger Slice, Just More Slowly
Trefis · 11d ago
1 Momentum Stock with Exciting Potential and 2 That Underwhelm
StockStory · 12d ago
Global Business Travel Group, Inc. (GBTG) Misses Q2 Earnings Estimates
Zacks · 18d ago
Global Business Travel Q2 Earnings Flat, Revenue Rises
MT Newswires · 18d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.