Filing Flows › Global Business Travel Group (GBTG) › Q2 2026
Global Business Travel Group (GBTG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Global Business Travel Group (GBTG) reported revenue of $870M for the second quarter 2026 (Q2 2026), +38% from a year earlier and +4% from the quarter before. Operating margin was 2.8%, net earnings $15.0M (1.7% of revenue).
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.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $870M | +4% | +38% |
| Operating profit | $24.0M | +700% | -29% |
| Net earnings | $15.0M | -71% | +15% |
| Operating cash flow | $142M | — | +149% |
| Free cash flow | $103M | — | +281% |
What changed
Revenue was $870.0M in Q2 2026, up 38% year over year and up 4% from the previous quarter. Travel revenue was the largest line at 80% of revenue. Travel revenue added $193.0M year over year (up 38%), 81% of the total change.
Operating profit was $24.0M, a 2.8% margin (down 2.6 points year over year). Operating profit fell $10.0M even though revenue rose $239.0M versus Q2 2025, so costs grew faster than sales. Total costs grew 42% against revenue growth of 38%. The fastest-growing cost line was General & admin (+59%). Net earnings were $15.0M, up 15% year over year. The effective tax rate was 10.5%.
Operating cash flow was $142.0M (up 149% year over year), 835% of net income including minority interests. Non-cash charges added back $56.0M of depreciation and amortization and $19.0M of share-based compensation. Working capital and other items added $50.0M. After purchase of property and equipment ($39.0M), free cash flow as the company reports it was $103.0M.
Questions
What was Global Business Travel Group's revenue in the second quarter 2026?
Global Business Travel Group (GBTG) reported revenue of $870M for the second quarter 2026 (Q2 2026), +38% from a year earlier and +4% from the quarter before.
Was Global Business Travel Group profitable in the second quarter 2026?
Operating profit was $24.0M (2.8% of revenue) and net earnings $15.0M.