10-K · February 18, 2026
Sabre positions itself as a technology-first travel platform focused on its Sabre Mosaic Marketplace and airline SaaS products, while prioritizing two strategic objectives: “driving growth through innovation” and…
Earnings analysis · 10-Q
SABR earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Sabre Corporation reported Q1 2026 results with revenue of $760 million, up 8% year-over-year, transitioning back to profitability with an EPS of $0.06 compared to a loss in the prior year. However, significant cash…
Read full summary
Sabre Corporation reported Q1 2026 results with revenue of $760 million, up 8% year-over-year, transitioning back to profitability with an EPS of $0.06 compared to a loss in the prior year. However, significant cash outflows for restructuring and increased interest expenses were noted, with the company maintaining cautious guidance amidst geopolitical headwinds and liquidity challenges.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.06
- Segment
- Marketplace
- Segment
- Airline Technology
What stood out
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Revenue Growth of 8%
Revenue increased by $58.2 million, reaching $760.3 million compared to $702.1 million in Q1 2025.
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Positive EPS Turnaround
Reported EPS of $0.06 compared to a loss of $0.01 in Q1 2025.
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Increased Operating Income
Operating income rose to $115.9 million from $91.4 million, showing a strong operational performance.
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Restructuring Costs
$61 million incurred as part of an inflation offset program to manage technology and operational costs.
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Debt Management
Utilized $969 million from the Hospitality Solutions sale primarily to reduce outstanding debt.
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Bookings Growth
Total Direct Billable Bookings reached 101.3 million, growing 5.1% from Q1 2025.
What to watch
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Significant Cash Usage
Operating cash flow was negative at $134 million, up from a negative $64 million in Q1 2025.
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Increased Interest Expense
Interest expense increased by $13 million year-over-year to $123 million.
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Geopolitical and Economic Uncertainty
Potential impact from ongoing conflicts in the Middle East affecting travel demand and bookings.
Management's outlook
The company reaffirms full-year guidance for Pro Forma Adjusted EBITDA and Free Cash Flow.
Earlier filings 4
10-K · February 20, 2025
Sabre positions itself as a global travel technology platform organized into two segments (Travel Solutions and Hospitality Solutions) with a stated strategic focus on generating positive free cash flow, modernizing…
10-Q · August 1, 2024
Sabre reported Q2 revenue of $767,241 (thousands) (+$29,712 vs. Q2 2023) and YTD revenue of $1,550,127 (thousands) (+$69,903 Y/Y). Operating profit turned positive to $60,855 (thousands) in the quarter versus an…
10-K · February 15, 2024
Sabre positions itself as a travel-technology company focused on two segments (Travel Solutions and Hospitality Solutions) and four strategic priorities: generating positive free cash flow, sustainable long-term growth,…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.