Global Business Travel Q4 revenue rises on CWT acquisition, reiterates 2026 revenue growth guidance

Global Business Travel

09/03/2026 11:56

Overview

Travel services firm's Q4 revenue rose 34% yr/yr, driven by CWT acquisition and travel demand

Full-year revenue slightly beat analyst expectations

Company doubled share buyback authorization to $600 mln

Outlook

Company reiterates full-year 2026 revenue growth guidance of 19% to 21%

Global Business Travel projects 2026 adjusted EBITDA between $615 mln and $645 mln

Result Drivers

CWT ACQUISITION - Revenue growth driven by CWT acquisition, increasing travel demand and share gains

AI STRATEGY - AI used to improve customer experience and reduce costs, expected to drive growth

COST INCREASES - Operating expenses rose due to CWT consolidation and tech investments

Company press release: ID:nBwbWqHcWa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Slight Beat*
$2.72 bln
$2.71 bln (7 Analysts)
FY EPS
$0.22
FY Basic EPS
$0.22
FY Operating Expenses
$2.59 bln
FY Operating Income
$130 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "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 $10.80, about 88.2% above its March 6 closing price of $5.74

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 26 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.)