Global Business Travel's Q1 revenue beats estimates

Global Business Travel

04/05/2026 12:45

Overview

US travel software and services firm's Q1 revenue rose 35%, beating analyst expectations

Net income for Q1 fell 28% as operating expenses increased from acquisitions and restructuring

Company reported adjusted gross profit margin fell to 58% from 63% yr/yr

Result Drivers

ACQUISITIONS AND BUSINESS TRAVEL DEMAND - Revenue growth was driven by acquisitions, increased business travel demand, share gains, and favorable foreign exchange

OPERATING EXPENSES - Operating expenses rose 48%, mainly due to acquisitions, higher cost of revenue to support travel demand, and increased investments in technology, content, and sales and marketing

RESTRUCTURING AND INTEGRATION COSTS - Higher restructuring costs related to achieving CWT synergies and broader cost transformation initiatives weighed on profitability

Company press release: ID:nBw2vDkrJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$840 mln
$815.98 mln (4 Analysts)
Q1 Net Income
$54 mln
Q1 Operating Expenses
$837 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for Global Business Travel Group Inc is $9.00, about 51.8% above its May 1 closing price of $5.93

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)