Filing Flows › Global Business Travel Group (GBTG) › How it makes money
How Global Business Travel Group (GBTG) makes money
Global Business Travel Group (GBTG) made $870M of revenue in the second quarter 2026 (Q2 2026), +38% from a year earlier. Travel revenue brought in $700M (80%); Product and professional services revenue brought in $170M (20%). Of every dollar of revenue, 3¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Travel revenue | $700M | 80.5% | +5% | +38% |
| Product and professional services revenue | $170M | 19.5% | -3% | +37% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $870M | 100.0% |
| Operating profit | $24.0M | 2.8% |
| Income tax | $2.0M | 0.2% |
| Net earnings | $15.0M | 1.7% |
| Operating cash flow | $142M | 16.3% |
| Free cash flow | $103M | 11.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $870M | +38% |
| Q1 2026 | $840M | +35% |
| Q4 2025 | $792M | +34% |
| Q3 2025 | $674M | +13% |
| Q2 2025 | $631M | +1% |
| Q1 2025 | $621M | +2% |
| Q4 2024 | $591M | +8% |
From Global Business Travel Group's 10-Q filed Aug 4, 2026 (on EDGAR).
Questions
How does Global Business Travel Group make money?
Global Business Travel Group (GBTG) made $870M of revenue in the second quarter 2026 (Q2 2026), +38% from a year earlier. Travel revenue brought in $700M (80%); Product and professional services revenue brought in $170M (20%). Of every dollar of revenue, 3¢ was left as operating profit, 2¢ was left as net earnings.
What is Global Business Travel Group's biggest business?
Travel revenue: $700M in the second quarter 2026, 80% of revenue, +38% from a year earlier.
What is Global Business Travel Group's profit margin?
Net earnings were $15.0M, 1.7% of revenue, in the second quarter 2026; the operating margin was 2.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.