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GMR Solutions vs Global Business Travel Group: GMRS and GBTG compared
GMR Solutions is the larger company: $1.5B of revenue in its latest quarter (Q2 2026) against $870M for Global Business Travel Group (Q2 2026). Global Business Travel Group is growing faster (+38% against +3% a year earlier). GMR Solutions is more profitable, with an operating margin of 3.8% against 2.8%.
Where the money goes: GMRS and GBTG
GMR Solutions (GMRS) · Q2 2026
GMR Solutions, Q2 2026: revenue $1.5B (+3% year over year), operating margin 3.8%, net loss $28.3M, operating cash flow $88.6M. The chart follows the revenue to costs, profit and cash.
Global Business Travel Group (GBTG) · Q2 2026
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.
| GMR Solutions (GMRS) | Global Business Travel Group (GBTG) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $1.5B | $870M |
| Revenue growth, Y/Y | +3% | +38% |
| Operating margin | 3.8% | 2.8% |
| Net earnings | −$28.3M | $15.0M |
| Net margin | -1.9% | 1.7% |
| Operating cash flow | $88.6M | $142M |
| Free cash flow | $14.7M | $103M |
| Market value | $772M | — |
| Analysts’ mean target | $18.62 | — |
Where the revenue comes from
GMR Solutions
- Net transport revenue: $1.4B (96%)
- Complementary Revenue: $54.4M (4%)
Global Business Travel Group
- Travel revenue: $700M (80%)
- Product and professional services revenue: $170M (20%)
Questions
Which is bigger, GMR Solutions or Global Business Travel Group?
GMR Solutions is the larger company: $1.5B of revenue in its latest quarter (Q2 2026) against $870M for Global Business Travel Group (Q2 2026).
Is GMR Solutions or Global Business Travel Group growing faster?
Global Business Travel Group is growing faster (+38% against +3% a year earlier).
Which is more profitable, GMR Solutions or Global Business Travel Group?
GMR Solutions is more profitable, with an operating margin of 3.8% against 2.8%.
More: GMR Solutions earnings · how GMR Solutions makes money · Global Business Travel Group earnings · how Global Business Travel Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 12, 2026; 10-Q filed Aug 4, 2026). Fiscal quarters can end on different dates. Not investment advice.