Income Taxes |
3 Months Ended |
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Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes For the three months ended March 31, 2026 and March 31, 2025 the Company’s benefit from (provision for) income tax expense was $42 million and $(21) million, respectively, and its effective tax rate was 349.0% and (21.7)%, respectively. GBTG’s effective tax rate for the three months ended March 31, 2026 was significantly different than the U.S. federal statutory corporate income tax rate of 21% due to a $32 million valuation allowance release in Germany, the non-taxable gain on the fair value movement in the earnout shares derivative liability, offset by the tax impact of non-deductible expenses. The impact of these items had a greater impact on the effective tax rate due to low pre-tax income. GBTG’s effective tax rate for the three months ended March 31, 2025 was 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. On July 4, 2025, the One Big Beautiful Bill Act was signed into law, which includes a broad range of tax reform provisions affecting businesses. For the provisions that have become effective, there was no material impact to the Company's effective tax rate for the three months ended March 31, 2026. The Company does not expect the impact to be material to its full year 2026 effective tax rate.
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