---
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"
generated_at: "2026-05-15T00:00:09.748548+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-018689
- JSON: https://secwatch.observer/filing/0001140361-26-018689.json
- Plain text: https://secwatch.observer/filing/0001140361-26-018689.txt

## Key facts
- Earnings Releases
  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
  source text: & 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_url: https://www.sec.gov/Archives/edgar/data/1820872/000114036126018689/0001140361-26-018689-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.