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Side-by-side financial comparison of AMDOCS LTD (DOX) and Global Business Travel Group, Inc. (GBTG). Click either name above to swap in a different company.

AMDOCS LTD is the larger business by last-quarter revenue ($1.3B vs $792.0M, roughly 1.6× Global Business Travel Group, Inc.). AMDOCS LTD runs the higher net margin — 11.2% vs 10.5%, a 0.7% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 1.1%). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs 4.5%).

Amdocs Limited is a multinational telecommunications technology company headquartered in Chesterfield, Missouri. The company specializes in software and services for communications, media and financial services providers and digital enterprises. Amdocs was founded in 1982 and is publicly traded on the Nasdaq stock exchange.

A travel management company (TMC) is a travel agency which manages organizations' corporate or business travel programs. Such companies will often provide an end-user online booking tool, mobile application, program management, and consulting teams, executive travel services, meetings and events support, reporting functionality, duty of care, and more. Non-Profit travel management companies also provide services to manage complex visa requirements, pre-trip medical needs, remote area travel, ...

DOX vs GBTG — Head-to-Head

Bigger by revenue
DOX
DOX
1.6× larger
DOX
$1.3B
$792.0M
GBTG
Growing faster (revenue YoY)
GBTG
GBTG
+32.9% gap
GBTG
34.0%
1.1%
DOX
Higher net margin
DOX
DOX
0.7% more per $
DOX
11.2%
10.5%
GBTG
Faster 2-yr revenue CAGR
GBTG
GBTG
Annualised
GBTG
13.9%
4.5%
DOX

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
DOX
DOX
GBTG
GBTG
Revenue
$1.3B
$792.0M
Net Profit
$140.3M
$83.0M
Gross Margin
Operating Margin
14.1%
3.7%
Net Margin
11.2%
10.5%
Revenue YoY
1.1%
34.0%
Net Profit YoY
-12.0%
692.9%
EPS (diluted)
$1.21
$0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DOX
DOX
GBTG
GBTG
Q4 25
$792.0M
Q3 25
$674.0M
Q2 25
$631.0M
Q1 25
$621.0M
Q4 24
$591.0M
Q3 24
$597.0M
Q2 24
$1.3B
$625.0M
Q1 24
$1.2B
$610.0M
Net Profit
DOX
DOX
GBTG
GBTG
Q4 25
$83.0M
Q3 25
$-62.0M
Q2 25
$15.0M
Q1 25
$75.0M
Q4 24
$-14.0M
Q3 24
$-128.0M
Q2 24
$140.3M
$27.0M
Q1 24
$118.5M
$-19.0M
Operating Margin
DOX
DOX
GBTG
GBTG
Q4 25
3.7%
Q3 25
1.8%
Q2 25
5.4%
Q1 25
8.9%
Q4 24
5.1%
Q3 24
4.5%
Q2 24
14.1%
6.7%
Q1 24
12.5%
2.6%
Net Margin
DOX
DOX
GBTG
GBTG
Q4 25
10.5%
Q3 25
-9.2%
Q2 25
2.4%
Q1 25
12.1%
Q4 24
-2.4%
Q3 24
-21.4%
Q2 24
11.2%
4.3%
Q1 24
9.5%
-3.1%
EPS (diluted)
DOX
DOX
GBTG
GBTG
Q4 25
$0.16
Q3 25
$-0.13
Q2 25
$0.03
Q1 25
$0.16
Q4 24
$-0.04
Q3 24
$-0.28
Q2 24
$1.21
$0.06
Q1 24
$1.01
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOX
DOX
GBTG
GBTG
Cash + ST InvestmentsLiquidity on hand
$434.0M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$1.6B
Total Assets
$4.9B
Debt / EquityLower = less leverage
0.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOX
DOX
GBTG
GBTG
Q4 25
$434.0M
Q3 25
$427.0M
Q2 25
$601.0M
Q1 25
$552.0M
Q4 24
$536.0M
Q3 24
$524.0M
Q2 24
$515.0M
Q1 24
$475.0M
Total Debt
DOX
DOX
GBTG
GBTG
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
Q1 24
Stockholders' Equity
DOX
DOX
GBTG
GBTG
Q4 25
$1.6B
Q3 25
$1.5B
Q2 25
$1.2B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Q1 24
$1.2B
Total Assets
DOX
DOX
GBTG
GBTG
Q4 25
$4.9B
Q3 25
$4.8B
Q2 25
$3.9B
Q1 25
$3.8B
Q4 24
$3.6B
Q3 24
$3.8B
Q2 24
$3.8B
Q1 24
$3.8B
Debt / Equity
DOX
DOX
GBTG
GBTG
Q4 25
0.88×
Q3 25
0.91×
Q2 25
1.15×
Q1 25
1.23×
Q4 24
1.32×
Q3 24
1.26×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOX
DOX
GBTG
GBTG
Operating Cash FlowLast quarter
$52.0M
Free Cash FlowOCF − Capex
$13.0M
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
0.63×
TTM Free Cash FlowTrailing 4 quarters
$104.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOX
DOX
GBTG
GBTG
Q4 25
$52.0M
Q3 25
$71.0M
Q2 25
$57.0M
Q1 25
$53.0M
Q4 24
$65.0M
Q3 24
$85.0M
Q2 24
$73.0M
Q1 24
$49.0M
Free Cash Flow
DOX
DOX
GBTG
GBTG
Q4 25
$13.0M
Q3 25
$38.0M
Q2 25
$27.0M
Q1 25
$26.0M
Q4 24
$33.0M
Q3 24
$59.0M
Q2 24
$49.0M
Q1 24
$24.0M
FCF Margin
DOX
DOX
GBTG
GBTG
Q4 25
1.6%
Q3 25
5.6%
Q2 25
4.3%
Q1 25
4.2%
Q4 24
5.6%
Q3 24
9.9%
Q2 24
7.8%
Q1 24
3.9%
Capex Intensity
DOX
DOX
GBTG
GBTG
Q4 25
4.9%
Q3 25
4.9%
Q2 25
4.8%
Q1 25
4.3%
Q4 24
5.4%
Q3 24
4.4%
Q2 24
3.8%
Q1 24
4.1%
Cash Conversion
DOX
DOX
GBTG
GBTG
Q4 25
0.63×
Q3 25
Q2 25
3.80×
Q1 25
0.71×
Q4 24
Q3 24
Q2 24
2.70×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DOX
DOX

Segment breakdown not available.

GBTG
GBTG

Travel$620.0M78%
Other$172.0M22%

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