The corporate travel demand environment continued to accelerate in the fourth quarter, despite a short-term negative impact from the US government shutdown.

Mar 9, 2026 / receipt, needs a key / Karen Williams, Chief Financial Officer | earnings call 2026-03-09 | transcript 6e203f79-5056-45a6-a622-4f26b65fd52a | chars 16149-16305 | segment 16

Our strategic partnership with SAP Concur is well underway as we roll out Complete, a new flagship solution for travel and expense.

Mar 9, 2026 / receipt, needs a key / Paul Abbott, CEO | earnings call 2026-03-09 | transcript 6e203f79-5056-45a6-a622-4f26b65fd52a | chars 2573-2704 | segment 2

To that end, we're building an AI agent assistance tool that will supercharge the ability of our travel counselors to serve travelers in a personalized, contextual, and efficient way.

Mar 9, 2026 / receipt, needs a key / Evan Conweiser, Chief Product and Strategy Officer | earnings call 2026-03-09 | transcript 6e203f79-5056-45a6-a622-4f26b65fd52a | chars 13800-13983 | segment 14

But we also know the denominator will go up a lot as well as we get more travelers coming into this channel on all the different channels that we're going to expose this to.

Mar 9, 2026 / receipt, needs a key / Evan G., other | earnings call 2026-03-09 | transcript 6e203f79-5056-45a6-a622-4f26b65fd52a | chars 25095-25268 | segment 25

CWT assumptions for Q4 included impact on our government business from the current US government shutdown and a continuation of current trends for domestic travel.

Nov 10, 2025 / receipt, needs a key / Karen Williams, CFO | earnings call 2025-11-10 | transcript 7c4954c9-35d8-4cec-b266-45a8de146e39 | chars 18665-18828 | segment 18

We expect to continue to demonstrate strong execution in our business with significant new wins, disciplined operating leverage, delivering on the CWT synergies, introducing our new flagship complete T&E product with SAP, rolling out our industry-leading next-gen Agencia T&E solution, and continuing to drive productivity and efficiency across the enterprise whilst investing in the business.

Nov 10, 2025 / receipt, needs a key / Paul Abbott, CEO | earnings call 2025-11-10 | transcript 7c4954c9-35d8-4cec-b266-45a8de146e39 | chars 19880-20273 | segment 20

But your point is absolutely correct, that there is a significant runway for growth in the SME segments. The investments that we're making in Agencia to evolve that product into a travel and expense solution will obviously, I think, be an opportunity for us to accelerate growth in the SME segment.

Nov 10, 2025 / receipt, needs a key / Paul Abbott, CEO | earnings call 2025-11-10 | transcript 7c4954c9-35d8-4cec-b266-45a8de146e39 | chars 32191-32489 | segment 33

First of all, in terms of the outlook for 2026, the most recent survey that we did showed either the same or moderate improvements in terms of the travel budgets for 2026. So I would say we're cautiously optimistic about a slight uptick in organic growth in 2026. We're also seeing a noticeable increase in the number of meetings and events. And I've mentioned before, Lee, that that's an area of our business where we get a longer term view, given the booking patterns for meetings and events. And in the last quarter, we've actually seen a double digit increase in the number of forward bookings for meetings and events into 2026. So, again, that's an encouraging sign as well.

Nov 10, 2025 / receipt, needs a key / Paul Abbott, CEO | earnings call 2025-11-10 | transcript 7c4954c9-35d8-4cec-b266-45a8de146e39 | chars 22326-23005 | segment 22

Can you comment maybe just on where we are in the underlying macro for business travel? We were having a pretty vigorous recovery in the U.S. off of the tariff shocks into the government shutdown. Now it appears the clouds are maybe parting on that front. How would you characterize business travel demand trends now versus maybe the lows of this year back in April or May?

Nov 10, 2025 / receipt, needs a key / Duane Fenigworth, other | earnings call 2025-11-10 | transcript 7c4954c9-35d8-4cec-b266-45a8de146e39 | chars 24337-24710 | segment 24

Turning to the transaction growth in more detail, macro economic uncertainty resulted in a modest year over year decline in corporate travel demand in April. This impact was temporary, and our transaction growth inflected back to positive territory, up 2% in May and June combined.

Aug 5, 2025 / receipt, needs a key / Paul Abbott, CEO | earnings call 2025-08-05 | transcript c34e9644-0552-44f2-83ca-346f538f237a | chars 6180-6461 | segment 6

In our most recent Top 100 customer survey, macro uncertainty seems to be moderating, with customers seemingly less concerned or increasingly neutral on the impact of tariffs. We have seen little by way of tangible customer actions taken in terms of travel policy restrictions.

Aug 5, 2025 / receipt, needs a key / Paul Abbott, CEO | earnings call 2025-08-05 | transcript c34e9644-0552-44f2-83ca-346f538f237a | chars 8476-8753 | segment 8

You know, we've had a number of US airlines talk about some very strong trends in corporate travel as they've seen in the first three weeks of July when they reported. Is that something that you're seeing too?

Aug 5, 2025 / receipt, needs a key / James Goodall, other | earnings call 2025-08-05 | transcript c34e9644-0552-44f2-83ca-346f538f237a | chars 23276-23485 | segment 24

GLOBAL BUSINESS TRAVEL GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) capital adjustments with the CWT legacy equityholders, $ 10 million was released back to the Company from the escrow account in full and final settlement in accordance with the terms of the merger agreement.

filing / Aug 4, 2026 / receipt

GLOBAL BUSINESS TRAVEL GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) The Company's effective interest rate on its term loan borrowings for the six months ended June 30, 2026 was approximately 6.3 %.

filing / Aug 4, 2026 / receipt

During the six months ended June 30, 2026, the Company continued evaluating the combined business after completion of the CWT acquisition, undertaking actions to integrate operations, reduce operating costs and focus on long-term growth opportunities, including improving financial performance and cash flow generation and realizing synergies.

filing / Aug 4, 2026 / receipt

Additionally, from time to time, the Company takes initiatives to reduce costs, exit from non-profitable business components and geographical regions and/or improve operational efficiency for which it records restructuring costs.

filing / Aug 4, 2026 / receipt

(a) Includes (i) employee severance costs of $38 million and $11 million for the three months ended June 30, 2026 and 2025, respectively, and $78 million and $15 million for the six months ended June 30, 2026 and 2025, respectively, (ii) accelerated amortization of operating lease ROU assets of $4 million and $1 million for the three months ended June 30, 2026 and 2025, respectively, and $9 million and $1 million for

filing / Aug 4, 2026 / receipt

For the three months ended June 30, 2026, restructuring charges of $41 million related primarily to restructuring actions initiated by us following an evaluation of the combined business after completion of prior year acquisitions and other employee severance costs due to reduction in workforce to improve operational efficiencies (see note 6 - Restructuring, Exit and Related Charges to our consolidated financial stat

filing / Aug 4, 2026 / receipt

GLOBAL BUSINESS TRAVEL GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) Assuming an acquisition date of January 1, 2024, the unaudited pro forma revenue and net income of the Company for the three months ended March 31, 2025 would have been as follows: Three months ended March 31, (in $ millions) 2025 Revenue $ 786 Net income $ 64 The unaudited pro forma financial information adj

filing / May 11, 2026 / receipt

GLOBAL BUSINESS TRAVEL GROUP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) The opening and closing balances of the Company’s accounts receivable, net, and contract liabilities are as follows: Contract liabilities (in $ millions) Accounts receivable, net Client incentives, net (non-current) Deferred revenue (current) Balance as of March 31, 2026 $ 1,006 $ 50 $ 32 Balance as of December 3

filing / May 11, 2026 / receipt

During the three months ended March 31, 2026, the Company continued evaluating the combined business after completion of the CWT acquisition, undertaking actions to integrate operations, reduce operating costs and focus on long-term growth opportunities, including improving financial performance and cash flow generation and realizing synergies.

filing / May 11, 2026 / receipt

Additionally, from time to time, the Company takes initiatives to reduce costs, exit from non-profitable business components and geographical regions and/or improve operational efficiency for which it records restructuring costs.

filing / May 11, 2026 / receipt

During the three months ended March 31, 2026 and 2025, the Company has incurred costs related to employee severance of $ 40 million and $ 4 million, respectively, which are included within restructuring charges in the consolidated statement of operations.

filing / May 11, 2026 / receipt

(a) Includes (i) employee severance costs of $40 million and $4 million for the three months ended March 31, 2026 and 2025, respectively, (ii) accelerated amortization of operating lease ROU assets of $5 million for the three months

filing / May 11, 2026 / receipt