Here are the 10-K annual reports from Global Business Travel Group, Inc. (GBTG) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow GBTG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GBTG filings page.
Global Business Travel Group, Inc. reports full-year 2025 results as a leading corporate travel and expense platform. The company generated total transaction value of approximately $36.3 billion, with revenue of $2.72 billion, net income of $111 million and Adjusted EBITDA of $532 million.
GBTG serves diversified enterprise and SME clients, with small and medium-sized enterprises representing about 46% of 2025 transaction value and no single client exceeding 2% of revenue. As of December 31, 2025, it employed over 27,000 people across 49 countries and leveraged extensive supplier relationships with hundreds of airlines and 1.3 million hotels.
The company highlights AI‑powered travel and expense software, omnichannel servicing and strategic expansion, including the acquisition of CWT and a new AI‑driven Complete alliance with SAP Concur. As of March 5, 2026, there were 523,999,668 Class A common shares outstanding. GBTG also details a refinanced capital structure with $1.486 billion of Term B‑2 loans maturing in 2031 and a $360 million revolving credit facility maturing in 2029.