Filing Flows › Global Business Travel Group (GBTG) › Q2 2026 › vs Q1 2026
Global Business Travel Group (GBTG) Q2 2026 vs Q1 2026 (quarter over quarter)
Global Business Travel Group's revenue rose $30.0M (+4%) from $840M in Q1 2026 to $870M in Q2 2026. The biggest changes: Travel revenue +$35.0M (+5%); Product and professional services revenue −$5.0M (-3%). Operating margin 2.8% against 0.4% (+2.4 pts).
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 draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 2.8% | 0.4% | +2.4 pts |
| Net margin | 1.7% | 6.2% | -4.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Travel revenue | $700M | $665M | $35.0M | +5% |
| Product and professional services revenue | $170M | $175M | −$5.0M | -3% |
| Revenue | $870M | $840M | $30.0M | +4% |
| Operating profit | $24.0M | $3.0M | $21.0M | +700% |
| Costs & expenses | $846M | $837M | $9.0M | +1% |
| Pre-tax earnings | $19.0M | $12.0M | $7.0M | +58% |
| Other expense, net | $5.0M | −$9.0M | $14.0M | — |
| Sales & marketing | $123M | $126M | −$3.0M | -2% |
| General & admin | $110M | $98.0M | $12.0M | +12% |
| Other operating costs | $613M | $613M | $0 | 0% |
| Net earnings | $15.0M | $52.0M | −$37.0M | -71% |
| Minority interests | $2.0M | $2.0M | $0 | 0% |
| Income tax | $2.0M | −$42.0M | $44.0M | — |
| Depreciation & amortization | $56.0M | $60.0M | −$4.0M | -7% |
| Share-based compensation | $19.0M | $17.0M | $2.0M | +12% |
| Working capital & other | $52.0M | −$144M | $196M | — |
| Operating cash flow | $142M | −$15.0M | $157M | — |
Questions
How much did Global Business Travel Group's revenue grow quarter over quarter in Q2 2026?
Global Business Travel Group's revenue rose $30.0M (+4%) from $840M in Q1 2026 to $870M in Q2 2026.
What drove Global Business Travel Group's revenue change in Q2 2026?
Travel revenue +$35.0M (+5%); Product and professional services revenue −$5.0M (-3%).