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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Global Business Travel Group
Global Business Travel Group (GBTG) investor relations material
Global Business Travel Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary4 Aug, 2026
Executive summary
Revenue for Q2 2026 rose 38% year-over-year to $870 million, driven by acquisitions, organic growth, and increased business travel demand.
Net income for Q2 2026 was $17 million, up 14% from Q2 2025.
Adjusted EBITDA for Q2 2026 was $178 million, a 34% increase year-over-year, maintaining a 21% margin.
Shareholder approval obtained for merger with Long Lake Management, expected to close in H2 2026.
Secured major new client wins, including Google, Koch, and Pfizer, and maintained a 95% customer retention rate.
Financial highlights
Total revenue for the six months ended June 30, 2026 was $1.71 billion, up 37% year-over-year.
Gross profit for Q2 2026 was $494 million (gross margin 57%), up from $371 million (59%) in Q2 2025.
Net income margin for Q2 2026 was 2%, flat year-over-year.
Free cash flow for the first half of 2026 was $103 million, up 281% year-over-year.
Net cash from operating activities for the first half of 2026 was $142 million, up 153% year-over-year.
Outlook and guidance
Merger with Long Lake Management expected to close in H2 2026, pending regulatory approvals.
Management expects continued revenue growth from recent acquisitions, ongoing cost synergies, and commercial momentum.
Liquidity is considered adequate for foreseeable needs, with $518 million in cash and a fully undrawn $360 million revolving credit facility.
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Latest events from Global Business Travel Group
- Merger agreement and executive compensation proposals approved by stockholders.GBTG
EGM 2026 - Shareholders to approve $9.50 per share all-cash merger, unanimously backed by board and special committee.GBTGProxy filing
- Shareholders to vote on $9.50 per share cash merger, with board and major holders supporting the deal.GBTGProxy filing
- Acquisition proposal offers $9.50/share, accelerated RSU vesting, and 12-month benefit protections.GBTGProxy filing
- All proposals passed amid strong results and a pending $6.3B acquisition by Long Lake.GBTGAGM 2026
- Long Lake's acquisition aims to transform business travel with AI, pending shareholder approval.GBTGProxy filing
- Q1 2026 revenue rose 35% to $840M; merger deal signed for $9.50/share all-cash acquisition.GBTGQ1 2026
- Q3 2025 saw 13% revenue growth, CWT integration, raised guidance, and digital/AI-driven gains.GBTGQ3 2025
- Q3 2024 delivered 9% TTV growth, 5% revenue growth, and a new $300M share buyback.GBTGQ3 2024
Next Global Business Travel Group earnings date
Q3 20269 Nov, 2026
Global Business Travel Group
Next Global Business Travel Group earnings date
Q3 20269 Nov, 2026
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Frequently asked questions
Global Business Travel Group, Inc. is a leading provider of travel management services for businesses and corporate clients. Through its platform, the company offers a range of services, including travel booking, expense management, and travel risk management solutions, tailored to meet the specific needs of corporate travelers. Global Business Travel Group serves companies across various industries, helping them manage their travel programs efficiently, reduce costs, and ensure employee safety while traveling. The company also provides consulting and technology solutions to enhance the overall travel experience and operational efficiency for businesses. The company is headquartered in New York, New York, and its shares are listed on the NYSE.