GBTG
Global Business Travel Group, Inc.
NYSEUSDEQUITY
Consumer Cyclical
DELAYED
Buy
+20/100
Last price
9.50
■ 0.00 (0.00%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
—
Prev close
9.50
Day high
9.51
Day low
9.49
Volume
3.88M
Market cap
$4.96B
P/E (TTM)
59.38
52W range
4.96 – 9.56
Trailing performance
Returnvs SPY
1W
+0.74%
-1.2%
1M
—
-1.2%
3M
—
-4.5%
6M
—
-18.2%
YTD
+0.85%
-13.4%
1Y
—
-16.4%
3Y
—
-82.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
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.
Free account
16 more panels on GBTG open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-1.05M
Net selling
Buy transactions
16
2.41M shares
Sell transactions
14
3.46M shares
Net transactions
+30
Buys less sells
Sell : buy shares
1.4 : 1
Mixed
Insider-held shares
293.87M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 29, 26 | CRAWLEY ANDREW GEORGE President |
STOCK | 354.76K | $0 | Direct |
| Sep 29, 26 | WILLIAMS KAREN A Chief Financial Officer |
STOCK | 236.50K | $0 | Direct |
| Sep 29, 26 | PELANT JOHN EDWARD Officer |
STOCK | 57.14K | $0 | Direct |
| Sep 29, 26 | BOCK ERIC J Officer |
STOCK | 354.76K | $0 | Direct |
| Sep 29, 26 | ABBOTT PAUL GORDON Chief Executive Officer |
STOCK | 827.78K | $0 | Direct |
| Sep 29, 26 | HUSKA PATRICIA ANNE Officer |
STOCK | 206.94K | $0 | Direct |
| Sep 29, 26 | KONWISER EVAN Officer |
STOCK | 177.38K | $0 | Direct |
| Aug 21, 26 | BOCK ERIC J Officer |
SELL | 64.78K | $612.82K | Direct |
| Aug 20, 26 | BOCK ERIC J Officer |
SELL | 10.00K | $94.60K | Direct |
| 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 |
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 |
|---|---|---|---|
ARZANI UGO |
Director | 59.92K | Stock Award(Grant) |
BUSH JAMES PETER |
Director | 120.53K | Sale |
DRUMMOND ALEXANDER |
Director | 79.28K | Stock Award(Grant) |
HART ERIC M |
Director | 97.10K | Stock Award(Grant) |
JOABAR RAYMOND D |
Director | 120.53K | Stock Award(Grant) |
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) |
WARD SUSAN F. |
Director | 120.53K | Stock Award(Grant) |
WINTERS KATHLEEN A |
Director | 120.53K | Stock Award(Grant) |
Fundamentals
Market cap$4.96B
Enterprise value$6.13B
Revenue (TTM)$3.18B
Gross profit$1.86B
EBITDA$386.00M
Net income$88.00M
EPS (TTM)$0.16
Free cash flow$423.88M
Total cash$518.00M
Total debt$1.63B
Book value / share$3.14
Shares outstanding522.37M
Float522.37M
Short % of float3.03%
Dividend yield0.00%
Beta (5Y)0.96
Valuation & profitability ratios
Trailing P/E59.38
Forward P/E18.27
PEG ratio—
Price / sales—
Price / book3.03
EV / revenue1.93
EV / EBITDA15.87
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 | YoY |
|---|---|---|---|---|---|
| Total revenue | $2.72B | $2.42B | $2.29B | $1.85B | +12.2% |
| Operating revenue | $2.72B | $2.42B | $2.29B | $1.85B | +12.2% |
| Cost of revenue | $1.08B | $967.00M | $961.00M | $832.00M | +12.2% |
| Gross profit | $1.63B | $1.46B | $1.33B | $1.02B | +12.2% |
| Research & development | $527.00M | $442.00M | $413.00M | $388.00M | +19.2% |
| Selling, general & admin | $732.00M | $708.00M | $688.00M | $650.00M | +3.4% |
| Total operating expense | $1.45B | $1.33B | $1.29B | $1.22B | +9.3% |
| Operating income | $182.00M | $128.00M | $34.00M | -$201.00M | +42.2% |
| Net interest income | -$87.00M | -$109.00M | -$140.00M | -$98.00M | +20.2% |
| Pre-tax income | $147.00M | -$71.00M | -$145.00M | -$287.00M | +307.0% |
| Tax provision | $40.00M | $66.00M | -$9.00M | -$61.00M | -39.4% |
| Net income | $109.00M | -$138.00M | -$63.00M | -$25.00M | +179.0% |
| Net income to common | $109.00M | -$138.00M | -$63.00M | -$25.00M | +179.0% |
| Basic EPS | 0.22 | -0.30 | -0.25 | -0.50 | +173.3% |
| Diluted EPS | 0.22 | -0.30 | -0.30 | -0.51 | +173.3% |
| EBIT | $242.00M | $44.00M | -$4.00M | -$189.00M | +450.0% |
| EBITDA | $434.00M | $222.00M | $190.00M | -$7.00M | +95.5% |
| Basic shares | 484.52M | 462.70M | 251.65M | 51.27M | +4.7% |
| Diluted shares | 492.79M | 462.70M | 458.06M | 445.72M | +6.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $434.00M | $536.00M | $476.00M | $303.00M | -19.0% |
| Cash & short-term investments | $434.00M | $536.00M | $476.00M | $303.00M | -19.0% |
| Accounts receivable | $869.00M | $571.00M | $726.00M | $765.00M | +52.2% |
| Total current assets | $1.57B | $1.28B | $1.36B | $1.23B | +22.5% |
| Property, plant & equipment | $374.00M | $291.00M | $282.00M | $276.00M | +28.5% |
| Goodwill & intangibles | $2.52B | $1.68B | $1.76B | $1.82B | +50.0% |
| Total assets | $4.92B | $3.62B | $3.75B | $3.73B | +35.7% |
| Total current liabilities | $1.38B | $780.00M | $831.00M | $773.00M | +77.1% |
| Current debt | $58.00M | $19.00M | $7.00M | $3.00M | +205.3% |
| Long-term debt | $1.36B | $1.36B | $1.35B | $1.22B | -0.4% |
| Total debt | $1.51B | $1.46B | $1.43B | $1.30B | +3.0% |
| Total liabilities | $3.25B | $2.57B | $2.54B | $2.36B | +26.8% |
| Retained earnings | -$1.47B | -$1.57B | -$1.44B | -$175.00M | +6.9% |
| Shareholder equity | $1.61B | $1.05B | $1.21B | $152.00M | +53.0% |
| Working capital | $188.00M | $501.00M | $529.00M | $461.00M | -62.5% |
| Net tangible assets | -$914.00M | -$630.00M | -$556.00M | -$1.67B | -45.1% |
| Shares issued | 538.34M | 478.90M | 467.09M | 67.75M | +12.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $111.00M | -$134.00M | -$136.00M | -$229.00M | — | +182.8% |
| Depreciation & amortisation | $192.00M | $178.00M | $194.00M | $182.00M | — | +7.9% |
| Stock-based compensation | $76.00M | $77.00M | $75.00M | $39.00M | — | -1.3% |
| Change in working capital | -$37.00M | $68.00M | $75.00M | -$345.00M | — | -154.4% |
| Operating cash flow | $233.00M | $272.00M | $162.00M | -$394.00M | — | -14.3% |
| Capital expenditure | -$129.00M | -$107.00M | -$113.00M | -$94.00M | — | -20.6% |
| Investing cash flow | -$206.00M | -$102.00M | -$119.00M | -$95.00M | — | -102.0% |
| Share buybacks | -$73.00M | -$55.00M | $0 | -$168.00M | — | -32.7% |
| Dividends paid | — | — | $0 | $0 | -$1.00M | — |
| Financing cash flow | -$128.00M | -$85.00M | $120.00M | $292.00M | — | -50.6% |
| Free cash flow | $104.00M | $165.00M | $49.00M | -$488.00M | — | -37.0% |
| End cash position | $479.00M | $561.00M | $489.00M | $316.00M | — | -14.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $870.00M | $840.00M | $792.00M | $674.00M | $631.00M | — | +3.6% |
| Operating revenue | $870.00M | $840.00M | $792.00M | $674.00M | $631.00M | — | +3.6% |
| Cost of revenue | $356.00M | $350.00M | $342.00M | $270.00M | $242.00M | — | +1.7% |
| Gross profit | $514.00M | $490.00M | $450.00M | $404.00M | $389.00M | — | +4.9% |
| Research & development | $160.00M | $159.00M | $157.00M | $130.00M | $120.00M | — | +0.6% |
| Selling, general & admin | $233.00M | $224.00M | $197.00M | $184.00M | $180.00M | — | +4.0% |
| Total operating expense | $449.00M | $443.00M | $414.00M | $363.00M | $343.00M | — | +1.4% |
| Operating income | $65.00M | $47.00M | $36.00M | $41.00M | $46.00M | — | +38.3% |
| Net interest income | -$24.00M | -$26.00M | -$22.00M | -$22.00M | -$21.00M | — | +7.7% |
| Pre-tax income | $15.00M | $11.00M | $57.00M | -$40.00M | $34.00M | — | +36.4% |
| Tax provision | $2.00M | -$42.00M | -$26.00M | $24.00M | $21.00M | — | +104.8% |
| Net income | $15.00M | $52.00M | $83.00M | -$62.00M | $13.00M | — | -71.2% |
| Net income to common | $15.00M | $52.00M | $83.00M | -$62.00M | $13.00M | — | -71.2% |
| Basic EPS | 0.03 | 0.10 | — | -0.13 | 0.03 | 0.16 | -70.0% |
| Diluted EPS | 0.03 | 0.10 | — | -0.13 | 0.03 | 0.16 | -70.0% |
| EBIT | $40.00M | $38.00M | $81.00M | -$16.00M | $57.00M | — | +5.3% |
| EBITDA | $96.00M | $98.00M | $141.00M | $33.00M | $100.00M | — | -2.0% |
| Basic shares | 513.80M | 512.80M | — | 485.82M | 470.88M | 465.87M | +0.2% |
| Diluted shares | 520.37M | 519.40M | — | 485.82M | 474.84M | 478.72M | +0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $518.00M | $442.00M | $434.00M | $427.00M | $601.00M | +17.2% |
| Cash & short-term investments | $518.00M | $442.00M | $434.00M | $427.00M | $601.00M | +17.2% |
| Accounts receivable | $968.00M | $1.01B | $869.00M | $930.00M | $722.00M | -3.9% |
| Total current assets | $1.79B | $1.76B | $1.57B | $1.62B | $1.52B | +1.8% |
| Property, plant & equipment | $368.00M | $364.00M | $374.00M | $372.00M | $293.00M | +1.1% |
| Goodwill & intangibles | $2.46B | $2.48B | $2.52B | $2.32B | $1.72B | -0.8% |
| Total assets | $5.08B | $5.08B | $4.92B | $4.76B | $3.87B | -0.0% |
| Total current liabilities | $1.50B | $1.49B | $1.38B | $1.32B | $915.00M | +0.2% |
| Current debt | $61.00M | $62.00M | $58.00M | $23.00M | $19.00M | -1.6% |
| Long-term debt | $1.45B | $1.46B | $1.36B | $1.37B | $1.36B | -0.3% |
| Total debt | $1.60B | $1.61B | $1.51B | $1.48B | $1.45B | -0.4% |
| Total liabilities | $3.39B | $3.42B | $3.25B | $3.23B | $2.66B | -0.8% |
| Retained earnings | -$1.40B | -$1.41B | -$1.47B | -$1.55B | -$1.49B | +1.1% |
| Shareholder equity | $1.64B | $1.61B | $1.61B | $1.53B | $1.20B | +1.9% |
| Working capital | $292.00M | $263.00M | $188.00M | $300.00M | $602.00M | +11.0% |
| Net tangible assets | -$824.00M | -$875.00M | -$914.00M | -$788.00M | -$515.00M | +5.8% |
| Shares issued | 522.29M | 545.70M | 538.34M | 538.22M | 487.13M | -4.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $17.00M | $54.00M | $83.00M | -$62.00M | $15.00M | -68.5% |
| Depreciation & amortisation | $56.00M | $60.00M | $60.00M | $49.00M | $43.00M | -6.7% |
| Stock-based compensation | $19.00M | $17.00M | $18.00M | $19.00M | $20.00M | +11.8% |
| Change in working capital | $62.00M | -$80.00M | -$28.00M | $38.00M | $0 | +177.5% |
| Operating cash flow | $142.00M | -$15.00M | $52.00M | $71.00M | $57.00M | +1,046.7% |
| Capital expenditure | -$39.00M | -$37.00M | -$39.00M | -$33.00M | -$30.00M | -5.4% |
| Investing cash flow | -$39.00M | -$27.00M | -$5.00M | -$171.00M | -$12.00M | -44.4% |
| Share buybacks | -$9.00M | -$38.00M | -$39.00M | -$33.00M | $0 | +76.3% |
| Financing cash flow | -$29.00M | $49.00M | -$47.00M | -$33.00M | -$23.00M | -159.2% |
| Free cash flow | $103.00M | -$52.00M | $13.00M | $38.00M | $27.00M | +298.1% |
| End cash position | $552.00M | $480.00M | $479.00M | $481.00M | $618.00M | +15.0% |
Options analytics
Put / call volume
0.00
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
7.50
-21.1% from spot
ATM implied vol
12.5%
Nearest strike to spot
Skew (10% OTM)
-12.5%
Calls bid over puts
Call volume
230
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
7.50
0 contracts
Heaviest put OI
10.00
0 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.
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 | — |
| Next quarter | — | — | $0 | — |
| Current year | — | — | $0 | — |
| Next year | — | — | $0 | — |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusHOLD
Strong buy / Buy0 / 0
Hold1
Sell / Strong sell0 / 0
Held by insiders56.26%
Held by institutions50.12%
Institutions holding250
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
—
—
SMA 20
—
—
SMA 50
—
—
SMA 100
—
—
SMA 200
—
—
EMA 12
—
—
EMA 26
—
—
EMA 50
—
—
RSI (14)
—
—
MACD (12,26,9)
—
Hist —
ATR (14)
—
—
Realised vol 30D
—
Annualised
Bollinger upper
—
20, 2σ
Bollinger lower
—
20, 2σ
50 / 200 cross
—
—
Trend bias
—
—
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.
Risk profile
Beta vs SPY
—
—
Correlation to SPY
—
—
Realised vol 30D
—
Annualised
Market vol 1Y
—
SPY, annualised
Max drawdown 1Y
-0.2%
Peak to trough
Max drawdown 5Y
-0.2%
Peak to trough
ATR 14
—
Average true range
Beta (reported)
0.96
5Y monthly, from filing
Short interest
Shares short
5.41M
Prior 5.70M
Change vs prior
-5.2%
Shorts covering
% of float
3.03%
Normal
% of shares out
1.03%
Against total outstanding
Days to cover
3.2
Liquid
Float
522.37M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| May 5, 26 | BTIG | DOWNGRADE | Buy | Neutral |
| Apr 7, 26 | B of A Securities | INITIATED | — | Neutral |
| Mar 12, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Mar 10, 26 | UBS | MAINTAINED | Buy | Buy |
| Mar 10, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Mar 10, 26 | BTIG | MAINTAINED | Buy | Buy |
| Dec 2, 25 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Nov 11, 25 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Aug 27, 25 | BTIG | MAINTAINED | Buy | Buy |
| Aug 6, 25 | UBS | MAINTAINED | Buy | Buy |
| May 7, 25 | UBS | MAINTAINED | Buy | Buy |
| Dec 12, 24 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Post-effective amendment to a registration statement that is not immediately effective upon filing
POS AM · 2026-09-29
Periodic Financial Reports
10-Q · 2026-08-04
Corporate Changes & Voting Matters
8-K · 2026-08-03
Corporate Changes & Voting Matters
8-K · 2026-07-24
Proxy Statements
DEFM14A · 2026-07-06
Corporate Changes & Voting Matters
8-K · 2026-06-08
Proxy Statements
PREM14A · 2026-05-28
Proxy Statements
DEFA14A · 2026-05-21
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Global Business Travel Group (GBTG) Looks Fairly Valued, Is The Upside Already Priced In?
Simply Wall St. · 10d ago
How Low Could Expedia Stock Go If A Real Shock Follows This Slide?
Trefis · 12d ago
1 Software Stock to Keep an Eye On and 2 We Ignore
StockStory · 14d ago
Q2 Earnings Review: Finance and HR Software Stocks Led by American Express Global Business Travel (NYSE:GBTG)
StockStory · 20d ago
Global Business Travel Group (GBTG) to Be Acquired for $9.50: What Investors Should Know
Insider Monkey · 33d ago
3 Small-Cap Stocks Walking a Fine Line
StockStory · 34d ago
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