Global Business Travel Group, Inc.

GBTGNYSETechnology● Active

$9.34

$-0.01(-0.11%)

Market Cap$4.9B

P/E Ratio—

52W High$9.54

52W Low$4.955

Avg Volume3.7M

Open$9.36

Beta0.93

Free Cash Flow Financials Revenue

Global Business Travel Group, Inc. (GBTG) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

GBTG · free cash flow · updated Jun 8, 2026

Core FCF metrics

GBTG · FCF · TTM · margin & CAGR

Free cash flow was $104.0M for FY2025 (fiscal year ending 2025-12-31), down 37.0% year-over-year The FCF margin was 3.8%.

FY2025 Free Cash Flow$104.0M▼ -37.0% YoY

Trailing 12M (TTM)$26.0Mtrailing 4 quarters sum

FCF Margin3.8%$104.0M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

GBTG · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$233.0M(129M)$104.0M▼ 37.0%3.8%

FY2024$272.0M(107M)$165.0M▲ +236.7%6.8%

FY2023$162.0M(113M)$49.0M▲ +110.0%2.1%

FY2022−$394.0M(94M)−$488.0M▲ +12.2%-26.4%

FY2021−$512.0M(44M)−$556.0M▼ 87.2%-72.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

GBTG · P/FCF · FCF yield · FCF per share

Global Business Travel Group, Inc. (GBTG) trades at a FCF yield of 0.53% and a price-to-free-cash-flow ratio of 186.8x. FCF per share stands at $0.05, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

0.53%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.05

TTM FCF ÷ Shares Outstanding

Price / FCF

x186.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x232.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

GBTG · cash flow statement · operating / investing / financing

For FY2025, Global Business Travel Group, Inc. generated $233.0M in operating cash flow and spent 129M in capital expenditures, yielding $104.0M in free cash flow.

Operating Activities

+$233.0M

Cash from core business operations

2025-12-31

Investing Activities

−$206.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$128.0M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($233.0M) − |CapEx| (129M) = FCF ($104.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

GBTG vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Global Business Travel Group, Inc.YOU

GBTG

$104.0M-37.0%3.8%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Global Business Travel Group, Inc. (GBTG) reported free cash flow of $104.0M for FY2025 (fiscal year ending 2025-12-31), down 37.0% year-over-year. The FCF margin was 3.8%.

Based on available data, Global Business Travel Group, Inc. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $165.0M in FY2024.

Global Business Travel Group, Inc.'s FCF yield is 0.53% and price-to-FCF ratio is 186.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

GBTG free cash flow · 8 questions

Global Business Travel Group, Inc. free cash flow was $104.0M for FY2025, down 37.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $26.0M.

GBTG free cash flowGBTG FCFGBTG FCF 2025GBTG free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Global Business Travel Group, Inc. · Global Business Travel Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026