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RXO vs Global Business Travel Group: RXO and GBTG compared
RXO is the larger company: $1.9B of revenue in its latest quarter (Q3 2026) against $870M for Global Business Travel Group (Q2 2026). Global Business Travel Group is growing faster (+38% against +32% a year earlier). Global Business Travel Group is more profitable, with an operating margin of 2.8% against 0.9%.
Where the money goes: RXO and GBTG
RXO (RXO) · Q3 2026
RXO, Q3 2026: revenue $1.9B (+32% year over year), operating margin 0.9%, net earnings $3.0M, operating cash flow $25.0M. 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.
| RXO (RXO) | Global Business Travel Group (GBTG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $1.9B | $870M |
| Revenue growth, Y/Y | +32% | +38% |
| Operating margin | 0.9% | 2.8% |
| Net earnings | $3.0M | $15.0M |
| Net margin | 0.2% | 1.7% |
| Operating cash flow | $25.0M | $142M |
| Free cash flow | $12.0M | $103M |
| Market value | $4.7B | — |
| Analysts’ mean target | $29.83 | — |
Where the revenue comes from
Global Business Travel Group
- Travel revenue: $700M (80%)
- Product and professional services revenue: $170M (20%)
Questions
Which is bigger, RXO or Global Business Travel Group?
RXO is the larger company: $1.9B of revenue in its latest quarter (Q3 2026) against $870M for Global Business Travel Group (Q2 2026).
Is RXO or Global Business Travel Group growing faster?
Global Business Travel Group is growing faster (+38% against +32% a year earlier).
Which is more profitable, RXO or Global Business Travel Group?
Global Business Travel Group is more profitable, with an operating margin of 2.8% against 0.9%.
More: RXO earnings · how RXO 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 Oct 29, 2026; 10-Q filed Aug 4, 2026). Fiscal quarters can end on different dates. Not investment advice.