Filing Flows › Global Business Travel Group (GBTG) › Operating margin
Global Business Travel Group (GBTG) operating margin by quarter
Global Business Travel Group's operating margin was 2.8% in Q2 2026 (second quarter 2026), +2.4 pts from Q1 2026. Over the last 5 quarters it ranged from 0.4% (Q1 2026) to 8.9% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | 2.8% | +2.4 pts | -2.6 pts |
| Q1 2026 | 0.4% | -3.3 pts | -8.5 pts |
| Q4 2025 | 3.7% | -1.7 pts | — |
| Q2 2025 | 5.4% | -3.5 pts | — |
| Q1 2025 | 8.9% | — | — |
Q2 2026 at a glance
Global Business Travel Group, Q2 2026: revenue $870M (+38% year over year), operating margin 2.8%, net earnings $15.0M, operating cash flow $142M. The chart follows the revenue to costs, profit and cash.
Questions
What is Global Business Travel Group's operating margin?
Global Business Travel Group's operating margin was 2.8% in Q2 2026 (second quarter 2026), +2.4 pts from Q1 2026.
How has Global Business Travel Group's operating margin changed?
Over the last 5 quarters it ranged from 0.4% (Q1 2026) to 8.9% (Q1 2025).
Q2 2026 results → · How Global Business Travel Group makes money →