GBTG at a glance
Global Business Travel Group, Inc. (GBTG, SEC CIK 1820872) filed its latest 10-K annual report on March 9, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 29, 2026 and Form 4 insider filings as recently as October 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Global Business Travel Group, Inc. (GBTG) reported revenue of $2.7 billion (up 12.2% from FY2024) and net income of $109.0 million. Diluted EPS was $0.22.
- As of June 30, 2026, 28 institutional investment managers tracked by SignalX reported holding Global Business Travel Group, Inc. (GBTG) shares worth $2.3 billion in 13F-HR filings.
- In the last 90 days, GBTG insiders reported 0 open-market purchases ($0) and 5 open-market sales ($7.3M) on Form 4, a net sale of $7.3M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.7B
- +12.2% vs prior year
- Insiders · 90 days
- 0 buys · 5 sells
- Net −$7.3M
- 13F holders
- 28 funds
- $2.3B · +2 vs prior quarter
- Latest 8-K
- Sep 29, 2026
- Item 3.03 · Item 2.01 · Item 5.03 · Item 5.01 · Item 1.01 · Item 1.02 · Item 8.01
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Term loan borrowings increased $100 million through incremental facility
- Fixed-rate margins on SOFR-based term loans reduced 50 basis points
- Lower annual cash interest largely offset by higher interest from increased principal
- No material changes to contractual obligations or critical accounting estimates
Risk Factors
- No material changes to risk factors from the 10-K or first-quarter 10-Q
- Merger execution risk triggered by May 2, 2026 Agreement and Plan of Merger
- Regulatory and compliance risk from pending merger-related SEC filings and shareholder approvals
- Liquidity risk following termination of the repurchase program on May 2, 2026
- Management continuity risk following executive departure and May 7, 2026 release of claims
AI summary of the GBTG 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 3.03: Material Modification to Rights of Security Holders
- Item 3.03 cross-references the Introductory Note and Items 2.01, 3.03, and 5.02 for details on rights-holder changes
- Potential control-related shareholder impact requires review of the referenced sections
Item 2.01: Completion of Acquisition or Disposition of Assets
- Merger completed, with GBTG surviving as the corporation
- Certificate of incorporation amended and restated in full
Item 5.03: Amendments to Articles of Incorporation or Bylaws
- Merger consummation announced by Global Business Travel Group and Long Lake Management
- Press release filed as Exhibit 99.1, providing transaction details for investor review
Item 5.01: Changes in Control of Registrant
- Item 5.01 text is incomplete, ending after a cross-reference to the Introductory Note
- No control-change details, controlling party, transaction terms, or shareholder implications identifiable in provided excerpt
Item 1.01: Entry into a Material Definitive Agreement
- $1.5B senior secured first-lien term loan fully drawn at merger closing
- $250M senior secured revolving facility available but undrawn at closing
Item 1.02: Termination of a Material Definitive Agreement
- Termination of GBTG’s Restated Credit Agreement, a material financing arrangement
- Agreement involved GBT US III LLC, additional borrowers, lenders and letter-of-credit issuers
Item 8.01: Other Events
- Merger Agreement incorporated by reference, signaling ongoing Gaia transaction process
- Amended charter and bylaws indicate governance changes associated with the transaction
Item EX-99.1: Item EX-99.1
- $6.3 billion all-cash acquisition completed by Long Lake, ending Amex GBT’s status as a public company
- Stockholders received $9.50 per share, a 65.1% premium to the 30-day VWAP
Item 2.02: Results of Operations and Financial Condition
- Item 2.02 filing furnishing notice for Global Business Travel Group’s fiscal year 2026 results
- Financial results are contained in the attached exhibit, which investors should review for operating performance and outlook
Item 5.07: Submission of Matters to a Vote of Security Holders
- Merger approved overwhelmingly: 495,937,250 FOR versus 74,615 AGAINST
- 94.95% shareholder participation, with 496,040,291 shares represented and quorum established
AI summaries of GBTG 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for GBTG
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- Fund moves. Which tracked funds opened, added or cut GBTG, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Joabar Raymond | D | Sep 29, 2026 | 23,429 | - |
| Hart Eric M. | D | Sep 29, 2026 | 66,281 | - |
| OHara Michael Gregory | D | Sep 29, 2026 | 19,964,270 | - |
| Joabar Raymond | D | Sep 29, 2026 | 97,097 | - |
| Ward Susan F | D | Sep 29, 2026 | 97,097 | - |
| Drummond Alexander | D | Sep 29, 2026 | 55,855 | - |
| Al-Thani Faisal Saoud F.Q. | D | Sep 29, 2026 | 23,429 | - |
| OHara Michael Gregory | D | Sep 29, 2026 | 97,097 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $2.4B | $2.7B |
| Operating Income | -$8.0M | $115.0M | $130.0M |
| Net Income | -$63.0M | -$138.0M | $109.0M |
| Op. Margin | - | 4.7% | 4.8% |
| Net Margin | - | -5.7% | 4.0% |
| Balance Sheet | |||
| Total Assets | - | $3.6B | $4.9B |
| Equity | - | $1.1B | $1.6B |
| ROE | - | -13.1% | 6.8% |
| Per Share | |||
| EPS | $-0.30 | $-0.30 | $0.22 |
| Cash Flow | |||
| Operating CF | $162.0M | $272.0M | $233.0M |
| CapEx | - | $107.0M | $129.0M |
Source: XBRL data in Global Business Travel Group, Inc. (GBTG)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate GBTG share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 28 | $2.27B |
| Q1 2026 | 26 | $1.29B |
| Q4 2025 | 23 | $1.49B |
| Q3 2025 | 25 | $1.52B |
| Q2 2025 | 26 | $1.17B |
| Q1 2025 | 19 | $1.29B |
| Q4 2024 | 15 | $1.62B |
| Q3 2024 | 11 | $1.25B |
- Millennium Management+2.10M (+1143%)
- FMR LLC (Fidelity)+1.47M (+271%)
- Goldman Sachs Group+1.39M (+319%)
- BlackRock+808.8K (+2%)
- JPMorgan Chase & Co+795.0K (+651%)
- Renaissance Technologies LLC−290.0K (-72%)
- AQR Capital Management−150.2K (-73%)
- Vanguard Capital Management LLC−56.5K (-1%)
- Invesco Ltd−7.4K (-4%)
- Citigroup−3.3K (-5%)
- Soros Fund Management+3.35M
- Citadel Advisors LLC+173.0K
- Fifth Third Bancorp+257
- Two Sigma Investments−52.5K
Source: 13F-HR filings on SEC EDGAR (aggregated from 173 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
GBTG filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 8-K | Sep 29, 2026 | - | Analysis | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Sep 29, 2026 | - | - | - |
| 4 | Aug 25, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 7, 2026 | - | - | - |
| 4 | Aug 7, 2026 | - | - | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
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GBTG SEC filings: frequently asked questions
Are GBTG insiders buying or selling?
In the last 90 days, Global Business Travel Group, Inc. (GBTG) officers, directors and 10% owners reported no open-market purchases and 5 open-market sales worth $7.3 million by 3 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold GBTG stock?
As of June 30, 2026, the largest Global Business Travel Group, Inc. (GBTG) holders among the 13F filers tracked by SignalX were American Express ($1.5 billion), BlackRock ($464.7 million), Vanguard Portfolio Management LLC ($61.3 million), Vanguard Capital Management LLC ($61.3 million), Dimensional Fund Advisors ($44.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was GBTG's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Global Business Travel Group, Inc. (GBTG) reported revenue of $2.7 billion (up 12.2% from FY2024) and net income of $109.0 million. Diluted EPS was $0.22. The figures come from the XBRL data in the 10-K.
What did GBTG report in its latest 8-K?
Global Business Travel Group, Inc. (GBTG) filed an 8-K on September 29, 2026 reporting Item 3.03 (Material Modification to Rights of Security Holders), Item 2.01 (Completion of Acquisition or Disposition of Assets), Item 5.03 (Amendments to Articles of Incorporation or Bylaws), Item 5.01 (Changes in Control of Registrant), Item 1.01 (Entry into a Material Definitive Agreement), Item 1.02 (Termination of a Material Definitive Agreement) and Item 8.01 (Other Events). Item 3.03 cross-references the Introductory Note and Items 2.01, 3.03, and 5.02 for details on rights-holder changes.
What are the latest GBTG SEC filings?
Global Business Travel Group, Inc. (GBTG) filed its latest 10-K annual report on March 9, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on September 29, 2026 and a Form 4 insider filing on October 1, 2026.
What is GBTG's SEC CIK number?
Global Business Travel Group, Inc. (GBTG)'s SEC Central Index Key (CIK) is 1820872. EDGAR lists every GBTG filing under that number.
Ask anything about GBTG
The research agent reads GBTG's filings, financials, insider trades and 13F holders, then answers with sources.