Amex GBT Q1 revenue up 35% to $840M; net income falls 28%, FCF turns negative

Global Business Travel Group, Inc.

2026-Q1 EPS reported $0.10 vs consensus $0.04 ▲ beat (+126.2%)

Revenue $840M (+35% YoY); Net income $54M (-28%) vs $75M a year ago.
Adjusted EBITDA $150M (+6%); margin declined to 18% from 23%.
Free cash flow -$52M vs +$26M in Q1 2025; Net Debt/EBITDA 2.0x.
Gross profit margin 56% (down 410bps); Adjusted gross profit margin 58% (down 450bps).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Global Business Travel Group, Inc. reported the quarter ended March 31, 2026 results: revenue $ 840, net income $ 54.

Period: the quarter ended March 31, 2026
Revenue: $ 840
Net income: $ 54
Result: reported results

Exact text from the filing

& events, today reported first quarter 2026 financial results. Three Months Ended March 31, (in millions, except percentages; unaudited) 2026 2025 YOY Inc / (Dec) Revenue $ 840 $ 621 35 % Total operating expenses $ 837 $ 566 48 % Gross Profit $ 471 $ 374 26 % Gross Profit Margin 56 % 60 % (410) bps Net income $ 54 $ 75 (28 )% Net income margin 6 % 12 %

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Source: SEC EDGAR

accession 0001140361-26-018689

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