Income Taxes |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes For the three months ended March 31, 2025 and March 31, 2024, the Company’s provision for income tax expense was $21 million and $27 million, respectively, and its effective tax rate was 21.7% and 333.8%, respectively. GBTG’s effective tax rate for the three months ended March 31, 2025 is broadly in line with the U.S. federal statutory corporate income tax rate of 21% with the tax impact of non-deductible expenses offset by the non-taxable gain on the fair value change in the earnout shares derivative liability during the period. GBTG’s effective tax rate for the three months ended March 31, 2024 is higher than the U.S. federal statutory corporate income tax rate of 21% primarily due to an increase to the valuation allowance for deferred tax assets, non-deductible expenses and the U.S. base erosion minimum taxes. These items had a greater impact on the effective tax rate for the three months ended March 31, 2024 due to the low pre-tax net income.
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