Flight Centre Travel Group's corporate division achieved record levels of total transaction value (TTV) and revenue in its last financial year, as “headwinds” from the Middle East crisis were offset by growth of the company’s US corporate business.
The Australia-based company highlighted the “standout” performance of its US corporate division in the full-year earnings for the year ending on 30 June, with annual TTV in the US exceeding US$2 billion for the first time following a year-on-year increase of just under 10 per cent in local currency.
Flight Centre’s global corporate travel division saw year-on-year TTV growth of 2.9 per cent to AU$12.7 billion (€7.8 billion) for the year, with revenue rising by 3.3 per cent to AU$1.2 billion (€740 million). Corporate travel’s underlying EBITDA (earnings before interest, taxes, depreciation and amortisation) was up by 24 per cent year-on-year to AU$275 million (€170 million).
SME-focused TMC brand Corporate Traveller was singled out as a “star” performer during the financial year by Chris Galanty, Flight Centre’s global corporate CEO. Corporate Traveller achieved TTV of AU$5 billion (€3.1 billion) for the first time during the year, thanks to 8 per cent year-on-year growth “despite currency headwinds”.
“It was a record year for TTV and revenue, and the productivity work we've been putting in for a number of years is really showing up in the result,” said Galanty.
“This is despite headwinds, including the conflict in the Middle East, which affected businesses across Asia, the Middle East, Africa and parts of Europe. We're operating in a world that keeps throwing curveballs, and our teams navigated that really well.”
The company noted that corporate travel had been “less affected” than its leisure businesses by the disruption in the Middle East from late February, which had already caused the company to downgrade its expected earnings for the year.
Graham Turner, Flight Centre’s managing director and CEO, said: “Corporate was also disrupted, but its broader geographic spread and heavier domestic travel weighting in some markets provided a partial shield. The division still delivered record TTV, which translated to even stronger profit growth.”
But Flight Centre added that the Iran war had caused “heavy impacts” on its corporate travel brands located in the Middle East region, including FCM UAE (United Arab Emirates) where TTV was down by 15 per cent year-on-year.
The company also noted that 11 per cent of its corporate travel revenue was now coming from services outside “traditional” travel management, including payment and expense, meeting and events, and other “adjacent offerings”. This figure was up from 9 per cent in 2025.
Across all its operations, Flight Centre increased TTV by 4.7 per cent year-on-year to AU$25.7 billion (€15.8 billion), with revenue up by 2.5 per cent to AU$2.9 billion (€1.8 billion). Pre-tax earnings were flat at AU$213 million (€131 million).
“FY26 was a story of mixed fortunes for our company — nine months of strong momentum and progress, interrupted by three months of external disruption that left profit broadly in line with FY25,” summed up Turner in Flight Centre’s earnings release.