GBTG Global Business Travel Group, Inc.

XNYS 9.49 Delayed
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

GBTG $9.49 —
Key stats
$9.49
52-Week Range
$4.96 – $9.56
YTD
+26.20%
Straddle Price
$0.00
P/C Vol Ratio
0.02
Market Cap
$5.0B
Open
$9.50
Day Range
$9.49 – $9.51
Volume
3,938,240
Prev Close
$9.50
Fair Value
MODEL: LONG

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)5.18%
Beta vs SPY1.05
Cost of Equity (CAPM)10.94% (VRP-adj)
WACC9.46%
Volatility Risk Premium+242.1pp (IV − HV30), ERP adj +50bps
Effective Tax Rate21.0%
Rev. Growth (YoY, DCF input)+29.1%
DCF Horizon10 years explicit + fade
Forward Tilt (NTM/TTM)×1.10 (applied to P/E, EV/EBITDA, P/S)
Free Cash Flow (TTM)$0.1B
Return on Equity (TTM)5.4%
Book / Price34.3% — banking bias active (P/B is primary)
Gross Margin (TTM)58.5%
FCF Margin (TTM)3.2%
Debt / Equity0.88
Quality Score2/6 — normal (10y DCF)
Market-Implied Growth+26.0% (reverse-DCF on current price)
SMA 50$9.45 (Market Anchor value)
SMA 20 / Bollinger Mid$9.47
Bollinger Width / SMA205.9% (drives anchor stability)
Net Debt$0.9B
Market Cap$5B
Peers used for multiples: CRTO, GEO, KN, TEX (filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
35%
20-Day Fair Value
≈ by Oct 28, 2026
$9.75
α +2.6% rank 30%
conviction
43%
40-Day Fair Value
≈ by Nov 26, 2026
$9.79
α +3.1% rank 31%
conviction
21%
60-Day Fair Value
≈ by Dec 25, 2026
$9.88
α +4.0% rank 26%
conviction
35%
MethodImplied PriceWeightDetail
DCF $11.58 24%
DDM (Gordon) n/a 0%
Peer P/E $5.43 7% median 29.0× · 4 peers
Peer EV/EBITDA $9.71 7% median 12.8× · 4 peers
Peer P/B $6.59 7% median 2.0× · 4 peers
Peer P/S $8.41 7% median 1.2× · 4 peers
Market Anchor (SMA50) $9.45 48% stability 100% (BB-width)
Options Expected (B-L 30d) n/a 0%
As of 2026-09-29 · updated
About
Industry (SIC)
TRANSPORTATION SERVICES (4700) · industry map
Exchange
XNYS
Market Cap
$5.0B
Employees
27,000
List Date
2022-05-27
CIK
0001820872
Headquarters
New York, NY
Homepage
https://www.amexglobalbusinesstravel.com

Global Business Travel Group Inc operates as a business-to-business travel platform. It is engaged in providing software and services to manage travel, expenses, and meetings and events for companies of all sizes. The company is engaged in building the marketplace in B2B travel to deliver unrivaled choice, value, and experiences. It also provides business travel solutions, simplified travel management, and business consulting services. Further, The company generates revenue in two ways that involves fees and other revenues relating to processing and servicing travel transactions received from …

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'22'23'24'25'26Avg
Jan--2.17%-8.39%-3.71%-8.91%-4.71%
Feb---2.84%0.00%-6.84%-18.11%-6.95%
Mar---9.05%0.50%-14.79%0.36%-5.75%
Apr---7.52%0.83%-8.71%5.59%-2.45%
May0.00%28.04%0.33%-7.54%57.50%15.67%
Jun-27.89%-3.08%6.80%-0.63%0.54%-4.85%
Jul13.56%-1.26%6.84%1.42%0.27%4.17%
Aug8.54%-2.74%9.22%36.95%0.32%10.46%
Sep-27.99%-17.29%11.13%-0.37%0.42%-6.82%
Oct4.92%-11.01%1.87%-1.26%--*-1.37%
Nov-11.41%27.46%19.92%0.52%--9.12%
Dec31.07%1.57%-2.83%-1.67%--7.04%
Total-22.03%-5.18%53.12%-13.42%26.44%7.79%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $9.47
SMA 50: $9.45
SMA 200: $7.92
Current: $9.50
EMA 12: $9.48
EMA 26: $9.47
MACD: 0.0092 | Signal: 0.0009
BULLISH
ADX (14): 50.40
STRONG TREND
+DI: 22.78
−DI: 5.49

Momentum Oscillators

RSI (14): 67.56
NEUTRAL
Stoch %K: 43.33
Stoch %D: 22.96
Williams %R: -20.00

Volume & Volatility

BB Upper: $9.50
BB Lower: $9.45
OVERBOUGHT
OBV: 127,143,585
Vol SMA 20: 2,576,321
Vol ROC: 393.25%
ATR: $0.03
True Range: $0.02
HV 20: 2.0%
HV 30: 2.1%
HV 60: 1.9%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-09-30T00:00:00 – 2026-09-28T00:00:00
AI Analysis

LLM Stock Analysis Report

Executive Summary

BULLISH (Confidence Level: 7/10)

Key drivers:

  • Strong technical signals, including MACD bullish crossover
  • Recent positive news headlines regarding bleisure travel market growth
  • Options market sentiment indicates high volatility and bearish expectations

Primary risks:

  • High beta (1.13) indicating more volatile than market
  • Overbought RSI (83.44) and Stochastic %K (68.73)

Investment thesis: GBTG is likely to experience a short-term pullback due to overbought conditions, but the strong technical signals and positive news sentiment suggest a medium-term uptrend.

Recent news sentiment impact: The negative news headlines regarding shareholder notices have not had a significant impact on the stock's price movement, as the overall market narrative remains neutral.

Technical Analysis

Trend Direction:

  • Short-term (1-4 weeks): Bullish
  • Medium-term (1-3 months): Neutral to Bullish
  • Long-term (3-12 months): Bullish

Support/Resistance Levels: $8.52 (SMA 20), $6.79 (SMA 50)

Momentum Signals:

  • RSI: Overbought (>70)
  • MACD: Bullish crossover
  • Bollinger Bands: Neutral
  • Volume Analysis: Institutional interest increasing, with volume flow and open interest in calls

News & Sentiment Analysis

Recent Headlines Summary:

  • Positive news headlines regarding bleisure travel market growth
  • Negative news headlines regarding shareholder notices have not had a significant impact on the stock's price movement

Sentiment Assessment: Neutral to Bullish

Catalyst Identification: Upcoming earnings release and product launch announcements

Market Narrative: The market narrative remains neutral, with no significant impact from recent negative news headlines.

Risk & Volatility Assessment

Risk Assessment:

  • Beta: 1.13 (High)
  • Volatility Regime: High
  • Options Market Signals:
    • IV Rank: 100.0% (High)
    • Put/Call Volume Ratio: 2.67 (Bearish sentiment)

Downside Protection:

  • Support levels: $8.52 (SMA 20), $6.79 (SMA 50)
  • Risk management considerations: Stop-loss levels and position sizing considerations

Market Context & Positioning

Market Performance:

  • Sector performance: Neutral to Bullish
  • Institutional activity: Increasing volume flow and open interest in calls

Correlation Analysis:

  • R-squared interpretation: GBTG is more correlated with market than sector, indicating a higher degree of volatility.

Relative Valuation:

  • Position within trading range: Neutral to Bullish

Key Levels & Action Items

Critical Price Levels:

  • Support levels: $8.52 (SMA 20), $6.79 (SMA 50)
  • Resistance levels: $11.61 (Upper Bollinger Band)

Breakout/Breakdown Levels:

  • Breakout level: $11.61 (Upper Bollinger Band)
  • Breakdown level: $5.42 (Lower Bollinger Band)

Time-Sensitive Catalysts:

  • Upcoming earnings release and product launch announcements

Risk Management:

  • Stop-loss levels: $8.52 (SMA 20), $6.79 (SMA 50)
  • Position sizing considerations: 1-2% position size for medium-term traders.

Note that this analysis is based on the provided data, and investors should consider their individual risk tolerance and market conditions before making investment decisions.

Generated
News
All GBTG news →
Showing 1–10 of 24
Page 1 of 3
Earnings History
13 of 13 under expected move
Avg Expected Move
15.09%
Avg Actual Move
3.23%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2022-08-11 After-Close 13.02% 3.26% 0.25x Within
2022-11-10 After-Close 14.93% 7.46% 0.50x Within
2023-11-07 After-Close 13.51% 1.62% 0.12x Within
2024-03-05 After-Close 8.51% 2.30% 0.27x Within
2024-05-07 After-Close 16.11% 0.50% 0.03x Within
2024-08-06 After-Close 7.46% 5.54% 0.74x Within
2024-11-05 Pre-Market 7.49% 0.65% 0.09x Within
2025-02-27 Pre-Market 15.66% 5.92% 0.38x Within
2025-05-06 After-Close 34.04% 3.40% 0.10x Within
2025-08-05 Pre-Market 21.63% 4.17% 0.19x Within
2025-11-10 After-Close 11.76% 2.88% 0.24x Within
2026-03-09 After-Close 14.76% 4.34% 0.29x Within
2026-08-04 Pre-Market 17.23% 0.00% 0.00x Within

Earnings calendar: this week’s reports with expected vs actual moves →

GBTG Options Activity & IV Rank

Volatility Metrics

Current IV: —
7-DTE IV: —
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: — (2026-10-16)

Options Flow

Call Volume: 504
Put Volume: 9
P/C Volume: 0.018
BULLISH
Call OI: 1,805
Put OI: 154
P/C OI: 0.085
Total OI: 1,959

ATM Options Pricing

ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%

Chain Summary

Chain Volume: 513
Chain OI: 1,959
Last Updated: 10/16/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
TYPICAL γ

Not enough history yet to rank today's net dealer gamma against this name's own record.

Gamma percentile
—
vs own history
GEX tilt
+0.96
OI-weighted, today
Vanna tilt
+0.97
δ-sensitivity to IV
Charm tilt
-0.98
δ-decay vs time
Vanna tilt +0.97: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.98: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 3 ATM contracts, 1k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
as of Sep 28 · ATM 196.1% / Wing —
30 DTE / 10d —
— pts EXTREME
as of Sep 28 · No data

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)$0.00Oct 16
Beta Analysis

Risk Metrics

Beta: 0.4942
Alpha: 28.11%
Correlation: 0.0932
R-Squared: 0.9%
Stock Volatility: 68.7%
Market Volatility: 12.9%

Analysis Details

Benchmark: SPY
Data Points: 234
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own GBTG
5 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Soros Fund Management Family office
George Soros, Robert Soros, Jonathan Soros
$31.4M
0.41%
#76 of 251new13F
Millennium Management Hedge fund
Izzy Englander
$21.4M
0.01%
#1079 of 3716+1143.4%13F
Citadel Hedge fund
Ken Griffin
$1.6M
0.00%
#3149 of 6285new13F
Renaissance Technologies Hedge fund
Jim Simons
$1.1M
0.00%
#2278 of 3138-71.6%13F
Rockefeller Capital Management Family office
Rockefeller family
$45K
0.00%
#3423 of 47290.0%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

GBTG Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 504,597,042 (as of 2026-06-30)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

185 filers344,179,879 shares$3.20B value68.21% of float
# Filer Shares Value % of Total % of Float Period
1 AMERICAN EXPRESS CO 157,786,199 $1.48B 46.35% 31.27% 2026-06-30
2 BlackRock, Inc. Custodian 49,490,227 $464.71M 14.54% 9.81% 2026-06-30
3 Apollo Management Holdings, L.P. 21,712,184 $203.88M 6.38% 4.30% 2026-06-30
4 Vanguard Group Inc Custodian 13,857,451 $106.01M 3.32% 2.75% 2025-12-31
5 REDWOOD CAPITAL MANAGEMENT, LLC 10,998,642 $103.28M 3.23% 2.18% 2026-06-30
6 NEXPOINT ASSET MANAGEMENT, L.P. 8,089,339 $75.96M 2.38% 1.60% 2026-06-30
7 Vanguard Portfolio Management LLC 6,526,241 $61.28M 1.92% 1.29% 2026-06-30
8 Vanguard Capital Management LLC 6,525,818 $61.28M 1.92% 1.29% 2026-06-30
9 GLAZER CAPITAL, LLC 5,115,013 $48.03M 1.50% 1.01% 2026-06-30
10 Polar Asset Management Partners Inc. 4,848,676 $45.53M 1.42% 0.96% 2026-06-30
11 Dimensional Fund Advisors LP Custodian 4,777,995 $44.87M 1.40% 0.95% 2026-06-30
12 FIL Ltd 4,400,000 $41.32M 1.29% 0.87% 2026-06-30
13 ARES MANAGEMENT LLC 4,338,264 $40.74M 1.27% 0.86% 2026-06-30
14 SOROS FUND MANAGEMENT LLC 3,346,860 $31.43M 0.98% 0.66% 2026-06-30
15 Geode Capital Management, LLC Custodian 3,179,581 $29.86M 0.93% 0.63% 2026-06-30
16 State Street Corp 2,926,000 $27.48M 0.86% 0.58% 2026-06-30
17 AQR Arbitrage LLC 2,592,426 $24.34M 0.76% 0.51% 2026-06-30
18 Millennium Management LLC Custodian 2,283,986 $21.45M 0.67% 0.45% 2026-06-30
19 FMR LLC Custodian 2,008,863 $18.86M 0.59% 0.40% 2026-06-30
20 Goldman Sachs Group Inc Custodian 1,831,419 $17.20M 0.54% 0.36% 2026-06-30
21 LMR Partners LLP 1,750,463 $16.44M 0.51% 0.35% 2026-06-30
22 AllianceBernstein L.P. 2,544,052 $14.20M 0.44% 0.50% 2026-06-30
23 Northern Trust Corp Custodian 1,395,545 $13.10M 0.41% 0.28% 2026-06-30
24 GABELLI FUNDS LLC 1,286,750 $12.07M 0.38% 0.26% 2026-06-30
25 First Trust Capital Management L.P. 1,241,800 $11.66M 0.36% 0.25% 2026-06-30
4 filers$698.62K notional
# Filer Notional Value % of Total Period
1 Citadel Advisors LLC Custodian $392.50K 56.18% 2026-06-30
2 Jane Street Group, LLC Custodian $176.53K 25.27% 2026-06-30
3 Susquehanna International Group, LLP Custodian $128.64K 18.41% 2026-06-30
4 Simplex Trading, LLC Custodian $939 0.13% 2026-06-30
# Filer Notional Value % of Total Period

GBTG Insider Trading (Form 4)

Latest: 2026-10-01
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-10-01 AMERICAN EXPRESS CO Director Disp (D) −157,786,199 — EDGAR
2026-09-29 Eric M. Hart Director Disp (D) −66,281 — EDGAR
2026-09-29 Susan F Ward Director Disp (D) −120,526 — EDGAR
2026-09-29 Michael Gregory OHara Director Disp (D) −20,084,796 — EDGAR
2026-09-29 Evan Konwiser See remarks Mixed −502,641 — EDGAR
2026-09-29 Raymond Joabar Director Disp (D) −120,526 — EDGAR
2026-09-29 Christopher Van Vliet Vice President, Controller Disp (D) −190,558 — EDGAR
2026-09-29 Kathleen A Winters Director Disp (D) −120,526 — EDGAR
2026-09-29 Patricia Anne Huska Chief People Officer Mixed −1,269,898 — EDGAR
2026-09-29 James Peter Bush Director Disp (D) −120,526 — EDGAR
2026-09-29 Andrew George Crawley President Mixed −699,317 — EDGAR
2026-09-29 Alexander Drummond Director Disp (D) −79,284 — EDGAR
2026-09-29 Ugo Arzani Director Disp (D) −59,917 — EDGAR
2026-09-29 John Edward Pelant See remarks Mixed −92,371 — EDGAR
2026-09-29 Eric J. Bock See remarks Mixed −699,177 — EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

GBTG Insider Holdings

10 insiders · @ $9.50
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Paul G Abbott Chief Executive Officer 827,779 $7.86M -$9.05M 19 2026-09-29
2 Andrew George Crawley President 699,176 $6.64M -$12.88M 17 2026-09-29
3 John David Thompson Chief Technology Officer 626,793 $5.95M -$1.68M 16 2026-05-06
4 Karen A Williams Chief Financial Officer 451,598 $4.29M -$470.7K 17 2026-09-29
5 Boriana Tchobanova Chief Transformation Officer 216,739 $2.06M $0 9 2025-03-04
6 Michael Gregory OHara Director 23,429 $222.6K -$4.13M 8 2026-09-29
7 Raymond Joabar Director 23,429 $222.6K $0 5 2026-09-29
8 Alexander Drummond Director 23,429 $222.6K $0 4 2026-09-29
9 Ugo Arzani Director 23,429 $222.6K $0 4 2026-09-29
10 Faisal Saoud F.Q. Al-Thani Director 23,429 $222.6K $0 3 2026-09-29
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

GBTG Board & Officers

As of SEC filings through Oct 1, 2026

Directors 1

Changes in the last 10 years (93)
Oct 1, 2026AMERICAN EXPRESS CO reported in an SEC filing no longer being a director
Oct 1, 2026AMERICAN EXPRESS CO reported in an SEC filing no longer being a 10% owner
Sep 29, 2026Ugo Arzani reported in an SEC filing no longer being a director
Sep 29, 2026Susan F Ward reported in an SEC filing no longer being a director
Sep 29, 2026Raymond Joabar reported in an SEC filing no longer being a director
Sep 29, 2026Paul G Abbott reported in an SEC filing no longer being a director
Sep 29, 2026Paul G Abbott reported in an SEC filing no longer being Chief Executive Officer
Sep 29, 2026Patricia Anne Huska reported in an SEC filing no longer being Chief People Officer
Sep 29, 2026Michael Gregory OHara reported in an SEC filing no longer being a director
Sep 29, 2026Kathleen A Winters reported in an SEC filing no longer being a director
Sep 29, 2026Karen A Williams reported in an SEC filing no longer being Chief Financial Officer
Sep 29, 2026John Edward Pelant reported in an SEC filing no longer being an officer
Sep 29, 2026James Peter Bush reported in an SEC filing no longer being a director
Sep 29, 2026Faisal Saoud F.Q. Al-Thani reported in an SEC filing no longer being a director
Sep 29, 2026Evan Konwiser reported in an SEC filing no longer being Title: Chief Marketing and Strategy Officer
Sep 29, 2026Eric M. Hart reported in an SEC filing no longer being a director
Sep 29, 2026Eric J. Bock reported in an SEC filing no longer being an officer
Sep 29, 2026Christopher Van Vliet reported in an SEC filing no longer being Vice President, Controller
Sep 29, 2026Andrew George Crawley reported in an SEC filing no longer being President
Sep 29, 2026Alexander Drummond reported in an SEC filing no longer being a director
Not reported recently (26)
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

GBTG Proposed Insider Sales (Form 144)

Latest: 2026-08-21
Last 30d: 0 filings  ·  Last 90d: 5 filings · $7.3M notice value · 3 unique filers

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: ANDREW GEORGE CRAWLEY (2, $6.4M) · Bock Eric J. (2, $708K) · KAREN WILLIAMS (1, $189K)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-08-21 ERIC J BOCK Officer 64,780 $613.1K 2026-08-21 Morgan Stanley Smith Barney LLC … — EDGAR
2026-08-20 Bock Eric J. Officer 10,000 $94.5K 2026-08-20 Fidelity Brokerage Services LLC — EDGAR
2026-08-06 ANDREW GEORGE CRAWLEY Officer 332,662 $3.14M 2026-08-06 Morgan Stanley Smith Barney LLC … — EDGAR
2026-08-05 ANDREW GEORGE CRAWLEY Officer 350,000 $3.30M 2026-08-05 Morgan Stanley Smith Barney LLC … — EDGAR
2026-08-05 KAREN WILLIAMS Officer 20,000 $188.6K 2026-08-05 Morgan Stanley Smith Barney LLC … — EDGAR
2026-06-12 ERIC J BOCK Officer 90,886 $850.1K 2026-06-12 Morgan Stanley Smith Barney LLC … — EDGAR
2026-06-11 ERIC J BOCK Officer 125,030 $1.17M 2026-06-11 Morgan Stanley Smith Barney LLC … — EDGAR
2026-06-11 PAUL GORDON ABBOTT Officer 574,317 $5.37M 2026-06-11 Morgan Stanley Smith Barney LLC … — EDGAR
2026-06-10 PAUL GORDON ABBOTT Officer 904,090 $8.45M 2026-06-10 Morgan Stanley Smith Barney LLC … — EDGAR
2026-06-09 EVAN KONWISER Officer 356,222 $3.33M 2026-06-09 Morgan Stanley Smith Barney LLC … — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
16 ETFs hold GBTG
16 shown · $16.06M total exposure
# ETF Provider Weight $ Exposure ETF AUM As Of
1 SCHA Schwab U.S. Small-Cap ETF Nport 0.02% $5.4M — 2026-05-31
2 MNA NYLIM Merger Arbitrage ETF Nport 1.77% $4.5M — 2026-07-31
3 ARB AltShares Merger Arbitrage ETF Nport 1.21% $1.2M — 2026-05-31
4 NUSC Nuveen ESG Small-Cap ETF Nport 0.08% $1.0M — 2026-07-31
5 TPSC Timothy Plan US Small Cap Core ETF Nport 0.29% $1.0M — 2026-06-30
6 PRFZ Invesco RAFI US 1500 Small-Mid ETF Nport 0.03% $858,134 — 2026-07-31
7 SCHB Schwab U.S. Broad Market ETF Nport 0.00% $669,940 — 2026-05-31
8 HAPS Harbor Human Capital Factor US Small Cap ETF Nport 0.32% $539,808 — 2026-07-31
9 EZM WisdomTree U.S. MidCap Fund Nport 0.04% $387,319 — 2026-06-30
10 SYZ Lazard US Systematic Small Cap Equity ETF Nport 0.21% $142,305 — 2026-06-30
11 BKSE BNY Mellon US Small Cap Core Equity ETF Nport 0.10% $84,025 — 2026-07-31
12 STXK Strive Small-Cap ETF Nport 0.07% $61,242 — 2026-06-30
13 ISCB iShares Morningstar Small-Cap ETF Nport 0.02% $55,328 — 2026-07-31
14 MSSM Morgan Stanley Pathway Small-Mid Cap Equity ETF Nport 0.01% $42,609 — 2026-05-31
15 OMFS Invesco Russell 2000 Dynamic Multifactor ETF Nport 0.01% $23,584 — 2026-05-31
16 EBI Longview Advantage ETF Nport 0.00% $121 — 2026-05-31
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
—
TTM Diluted EPS
$0.17
TTM Revenue
$3.18B
TTM Net Income
$88.00M
TTM Op. Cash Flow
$250.00M
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q2 '262026-06-30$870.00M$15.00M$0.03$142.00M
Q1 '262026-03-31$840.00M$52.00M$0.10$-15.00M
Q4 '252025-12-31$792.00M$83.00M$0.17$52.00M
Q3 '252025-09-30$674.00M$-62.00M$-0.13$71.00M
Q2 '252025-06-30$631.00M$13.00M$0.03$57.00M
Q1 '252025-03-31$621.00M$75.00M$0.16$53.00M
Q4 '242024-12-31$591.00M$-16.00M$-0.04$65.00M
Q3 '242024-09-30$597.00M$-129.00M$-0.28$85.00M
Q2 '242024-06-30$625.00M$26.00M$0.06$73.00M
Q1 '242024-03-31$610.00M$-19.00M$-0.04$49.00M
Q4 '232023-12-31$549.00M$-47.00M$-0.10$58.00M
Q3 '232023-09-30$571.00M$-8.00M$-0.02$135.00M
Q2 2026 • period ending 2026-06-30 • filed 2026-08-04
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
0.00
P/B
—
P/S
—
EV/EBITDA
—
EV/Sales
—
ROE
5.3%
ROA
1.7%
Div Yield
0.00%
FCF Yield
—
Debt/Equity
0.88
Current Ratio
—
Market Cap
$0.00
as of 2026-09-29
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
5.41M
SI % of Float
3.62%
Days to Cover
2.25
Short Vol Ratio
80.5%
Free Float
149.29M
Float %
28.6%
Short interest 2026-09-15 • Short volume 2026-09-28 • Float 2026-05-15