{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-018689","form_type":"8-K","ticker":"GBTG","cik":"0001820872","company_name":"Global Business Travel Group, Inc.","filed_at":"2026-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.002837+00:00","generated_at":"2026-05-15T00:00:09.748548+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Amex GBT Q1 revenue up 35% to $840M; net income falls 28%, FCF turns negative","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-018689","json":"https://secwatch.observer/filing/0001140361-26-018689.json","markdown":"https://secwatch.observer/filing/0001140361-26-018689.md","text":"https://secwatch.observer/filing/0001140361-26-018689.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820872/000114036126018689/0001140361-26-018689-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820872/000114036126018689/ef20072337_form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T00:00:09.748548+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fb4af3992ccf18bb257e456a7b21b9712b3bba07","claim":"Global Business Travel Group, Inc. reported the quarter ended March 31, 2026 results: revenue $ 840, net income $ 54.","evidence_excerpt":"& 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 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820872/000114036126018689/0001140361-26-018689-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2026"},{"label":"Revenue","value":"$ 840"},{"label":"Net income","value":"$ 54"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}