GBTG · As filed with the SEC

Global Business Travel Group balance sheet, by fiscal year

The statement as Global Business Travel Group presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

CONSOLIDATED BALANCE SHEETS · USD millions

USD millions	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020
Assets
Current assets:
Cash and cash equivalents	434	536	476	303	0.16	0.26
Prepaid expenses	—	—	—	—	495,915	1,125,255
Accounts receivable (net of allowance for credit losses of $9 and $10 as of December 31, 2025 and 2024, respectively)	869	571	726	765	—	—
Due from affiliates	—	—	—	36,000,000	—	—
Due from affiliates	51	46	42	—	—	—
Prepaid expenses and other current assets	215	128	116	130	—	—
Total current assets	1,569	1,281	1,360	1,234	0.66	1.38
Investments held in Trust Account	—	—	—	—	817,356,537	816,985,533
Property and equipment, net	—	232	232	—	—	—
Property and equipment, net	308	—	—	218	—	—
Equity method investments	43	14	14	14	—	—
Goodwill	1,671	1,201	1,212	1,188	—	—
Other intangible assets, net	851	480	552	636	—	—
Operating lease right-of-use assets	66	59	50	58	—	—
Deferred tax assets	298	268	281	333	—	—
Other non-current assets	110	89	50	47	—	—
Total assets	4,916	3,624	3,751	3,728	818.01	818.37
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable and accrued offering costs	—	—	—	—	6,560,426	383,167
Advances from related party	—	—	—	—	2,040,211	373,517
Note payable - Sponsor	—	—	—	—	5,800,000	1,500,000
Accounts payable	515	263	302	253	—	—
Due to affiliates	—	—	—	48,000,000	—	—
Due to affiliates	25	22	39	—	—	—
Accrued expenses and other current liabilities	757	461	466	452	—	—
Current portion of operating lease liabilities	26	15	17	17	—	—
Current portion of long-term debt	58	19	7	3	—	—
Total current liabilities	1,381	780	831	773	14.40	2.26
Deferred underwriting commissions	—	—	—	—	—	28,588,350
Derivative warrant liabilities	—	—	—	—	55,943,533	—
Deferred underwriting compensation	—	—	—	—	28,588,350	—
Long-term debt, net of unamortized debt discount and debt issuance costs	1,360	1,365	1,355	1,219	—	—
Deferred tax liabilities	99	36	5	24	—	—
Pension liabilities	163	156	183	147	—	—
Long-term operating lease liabilities	62	63	55	61	—	—
Earnout derivative liabilities	37	133	77	90	—	—
Other non-current liabilities	153	34	33	43	—	—
Total liabilities	3,255	2,567	2,539	2,357	98.93	30.85
Class A ordinary shares subject to possible redemption; 81,681,000 shares (at approximately $10.00 per share) as of December 31, 2021 and 2020	—	—	—	—	816,810,000	782,523,620
Class A ordinary shares	—	—	—	—	816,810,000	782,523,620
Redeemable non-controlling interest	49	—	—	—	—	—
Shareholders’ equity:
Class A common stock	0	0	0	0	—	0.00
Class B common stock	—	—	0	0	0.00	0.00
Voting ordinary shares	—	—	—	0	—	—
Non-voting ordinary shares	—	—	—	0	—	—
Profit shares	—	—	—	0	—	—
Additional paid-in-capital	3,277	2,827	2,748	334	—	5.44
Accumulated deficit	(1,466)	(1,575)	(1,437)	(175)	(97.73)	(0.44)
Accumulated other comprehensive loss	(75)	(146)	(103)	(7)	—	—
Treasury shares, at cost (17,253,780 shares and 8,000,000 shares as of December 31, 2025 and December 31, 2024, respectively)	(128)	(55)	—	—	—	—
Total equity of the Company’s shareholders	1,608	1,051	1,208	152	(97.73)	5.00
Class B ordinary shares	—	—	—	—	—	1,021
Class A ordinary shares	—	—	—	—	—	171
Equity attributable to non-controlling interest in subsidiaries	4	6	4	1,219	—	—
Total shareholders’ equity	1,612	1,057	1,212	1,371	—	—
Total liabilities and shareholders’ equity	4,916	3,624	3,751	3,728	818.01	818.37

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.