GBTG NYSE
Global Business Travel Group, Inc.
1W: +0.4%
1M: +0.2%
3M: +1.2%
YTD: +26.3%
1Y: +16.7%
3Y: +73.7%
$9.50
Last traded 2026-09-29 — delisted
Credit Risk of going bust: higher than 64% of companies Debt: 24.7% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.32 (down 97%), Global Business Travel Group, Inc. would be worth roughly what it owes.
Total debt $1.60B against a stock market value of $4.88B.
Distance to default 3.86 (Merton model): prices to 2026-09-29, balance sheet 2026-06-30, debt counted $786.5M (short-term plus half of long-term), stock volatility 56.5%; Altman Z'' 0.16. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $0.32 (down 97%), Global Business Travel Group, Inc. would be worth roughly what it owes.
Total debt $1.60B against a stock market value of $4.88B.
Distance to default 3.86 (Merton model): prices to 2026-09-29, balance sheet 2026-06-30, debt counted $786.5M (short-term plus half of long-term), stock volatility 56.5%; Altman Z'' 0.16. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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Income Statement
Cash Flow
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Cash Flow Trends
Operating Cash Flow
$233M
-14.3% ▼
Capital Expenditures
$129M
-20.6% ▼
5Y CAGR: +22.4%
Free Cash Flow
$104M
-37.0% ▼
Dividends Paid
$0
+0.0% ▲
Buybacks
$73M
-32.7% ▼
Net Change in Cash
-$82M
-213.9% ▼
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | -$475M | -$229M | -$136M | -$134M | $111M |
| Depreciation & Amort. | $154M | $182M | $194M | $178M | $192M |
| Stock-Based Comp. | $3M | $39M | $75M | $77M | $76M |
| Change in Working Capital | -$38M | -$345M | $75M | $68M | -$35M |
| Other Non-Cash Items | $22M | $24M | -$16M | $49M | -$96M |
| Operating Cash Flow | -$512M | -$394M | $162M | $272M | $233M |
| — Investing Activities — | |||||
| Capital Expenditures | -$44M | -$94M | -$113M | -$107M | -$129M |
| Acquisitions (Net) | $20M | $0 | $0 | $0 | -$104M |
| Investment Purchases | $0 | $0 | $0 | $0 | $0 |
| Investment Sales | $0 | $0 | $0 | $0 | $0 |
| Other Investing | -$3M | -$1M | -$6M | $5M | $27M |
| Investing Cash Flow | -$27M | -$95M | -$119M | -$102M | -$206M |
| — Financing Activities — | |||||
| Net Debt Issuance | $382M | $197M | $128M | $25M | -$14M |
| Stock Repurchased | $0 | $0 | $0 | -$55M | -$73M |
| Dividends Paid | -$1M | $0 | $0 | $0 | $0 |
| Other Financing | -$53M | $263M | -$8M | -$55M | -$49M |
| Financing Cash Flow | $478M | $292M | $120M | -$85M | -$128M |
| Net Change in Cash | -$68M | -$209M | $173M | $72M | -$82M |
| Cash End of Period | $525M | $316M | $489M | $561M | $479M |
| Free Cash Flow | -$556M | -$488M | $49M | $165M | $104M |