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Private company

Global Blue Group Holding AG

Global Blue Group Holding AG is a computer processing and data preparation services company.1

Last updated Oct 21, 2026.

Overview

93.6MNet income, fiscal 20252
  • IndustryServices-Computer Processing & Data Preparation1
  • HeadquartersV81
  • Incorporated inSwitzerland3
  • Business addressZurichstrasse 38, 8306 Bruttisellen, Bruttisellen, V8 Ch3
  • Filer categoryAccelerated filer, Emerging growth company3

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Global Blue Group Holding AG with its commercial name Global Blue (previously called Global Refund) was incorporated on December 10, 2019, is headquartered in Zürichstrasse 38, 8306 Brüttisellen, Switzerland (telephone +41 22 363 77 40) governed by Swiss laws, has been a leader in Tax Free Shopping (TFS) services (based on Sales in Store) since it pioneered the concept with its first incorporation in 1980 in Sweden, and maintains a large market share in the segment. Throughout the 1980s and 1990s, Global Blue expanded into 16 new countries, including France, Germany, Spain, Switzerland and, in 1993, Singapore, which was Global Blue’s first expansion beyond Europe. In 2001, Global Blue launched its Dynamic Currency Conversion (DCC) service and moved its corporate headquarters from Sweden to Switzerland. During the 2000s, Global Blue accelerated its global expansion, with TFS and DCC opera…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

64.9%Return on equity2
3.69×Debt to equity2
$154.1MFree cash flow2

Financial statements

Gross profit56782$134.7M in 2025+130% since 2019
-$600.0M-$400.0M-$200.0M0$200.0M2019: $58.5M$58.5M20192020: $41.2M$41.2M2020−30%2021: -$443.4M-$443.4M20212022: -$86.6M-$86.6M2022−80%2023: $14.1M$14.1M20232024: $97.9M$97.9M2024+592%2025: $134.7M$134.7M2025+38%
Net income56782$93.6M in 2025+1259% since 2019
-$600.0M-$400.0M-$200.0M0$200.0M2019: $6.9M$6.9M20192020: $1.7M$1.7M2020−76%2021: -$435.5M-$435.5M20212022: -$96.6M-$96.6M2022−78%2023: -$23.5M-$23.5M2023−76%2024: $20.9M$20.9M20242025: $93.6M$93.6M2025+347%
Fiscal year20182019202020212022202320242025
Gross profit58.5M EUR541.2M EUR6-443.4M EUR7-86.6M EUR814.1M EUR297.9M EUR2134.7M EUR2
Research and development43.7M EUR751.2M EUR860.1M EUR279.3M EUR2
Interest25.8M EUR838.6M EUR257.4M EUR260.2M EUR2
Income before tax-111.2M EUR8-22.4M EUR247.5M EUR2135.4M EUR2
Income tax-14.6M EUR81.1M EUR226.6M EUR241.8M EUR2
Net income6.9M EUR51.7M EUR6-435.5M EUR7-96.6M EUR8-23.5M EUR220.9M EUR293.6M EUR2
Earnings per share-0 EUR/shares8-0 EUR/shares20 EUR/shares20 EUR/shares2
Earnings per share (diluted)-0 EUR/shares8-0 EUR/shares20 EUR/shares20 EUR/shares2

Compare Global Blue Group Holding AG with another company

Corporate structure

Global Blue Group Holding AG is part of a group headed by Shift4 Payments, Inc.. 187 entities, 57 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Global Blue Group Holding AG

  • Shift4 Payments, Inc. Center Valley, Pennsylvania
    • Global Blue Group Holding AG V8
    • 1000986860 Ontario Inc. Subsidiary · Canada
    • 1157487 Ontario Inc. dba Kalex Equipment Services Subsidiary · Canada
    • 20910 ML USA IP Company, LLC Subsidiary · Delaware, United States
    • AHT (Nova Scotia) Inc. Subsidiary · Canada
    • AHT POS INC. Subsidiary · Canada
    • Appetize Technologies, LLC Subsidiary · Delaware, United States
    • Arrow HoldCo GmbH Subsidiary · Germany
    • Bahamas VAT Refund Ltd Subsidiary · Bahamas
    • C.C. Productions, LLC Subsidiary · New Jersey, United States
    • Camdus Payment Solutions Pty Ltd Subsidiary · Australia
    • Card Industry Professionals Ltd. Subsidiary · United Kingdom
    • CARDLiquido S.A. de C.V. Subsidiary · Mexico
    • Cash Japan Inc. Subsidiary · Japan
    • Cash Paris Tax Refund Subsidiary · France
    • CFC & FP Enterprises, LLC Subsidiary · California, United States
    • CLP Liquido SpA Subsidiary · Chile
    • COPLiquido S.A.S. Subsidiary · Colombia
    • Counter Solutions Holdings Limited Subsidiary · United Kingdom
    • Credorax (USA) LLC Subsidiary · Delaware, United States
    • Data Control Systems, LLC of N.C. Subsidiary · North Carolina, United States
    • DEV Digital Export Validation GmbH Subsidiary · Austria
    • Eigen Development Ltd. Subsidiary · Canada
    • Eigen Holdings (U.S.) Corp. Subsidiary · Nevada, United States
    • Eigen Services (U.S.) Corp. Subsidiary · Nevada, United States
    • and 161 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Global Blue Group Holding AG reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net10.2M EUR2 Mar 31, 20258.0M EUR2 Mar 31, 2024+26.7%
Operating-lease assets (leased space)35.1M EUR2 Mar 31, 202524.0M EUR2 Mar 31, 2024+46.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents123.8M EUR2 Mar 31, 202587.5M EUR2 Mar 31, 2024+41.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill513.7M EUR2 Mar 31, 2025512.2M EUR2 Mar 31, 2024+0.3%

Filings

203 filings to the SEC since October 2021: 5 annual reports, 19 large holders, 179 other. The latest 20:

  1. Aug 28, 202515-12G EDGAR
  2. Aug 18, 2025S-8 POS EDGAR
  3. Aug 18, 20256-K EDGAR
  4. Aug 13, 2025EFFECT EDGAR
  5. Aug 13, 2025EFFECT EDGAR
  6. Aug 13, 2025EFFECT EDGAR
  7. Aug 13, 2025EFFECT EDGAR
  8. Aug 11, 2025POS AM F-3 EDGAR
  9. Aug 11, 2025POS AM EDGAR
  10. Aug 11, 2025POS AM EDGAR
  11. Aug 11, 2025POS AM EDGAR
  12. Aug 7, 20256-K EDGAR
  13. Jul 11, 20256-K EDGAR
  14. Jul 8, 2025SCHEDULE 13D/A EDGAR
  15. Jul 7, 2025SCHEDULE 13D/A EDGAR
  16. Jul 7, 2025SCHEDULE 13D/A EDGAR
  17. Jul 3, 20256-K EDGAR
  18. Jul 3, 2025SC 14D9/A EDGAR
  19. Jul 3, 2025SCHEDULE 13D/A EDGAR
  20. Jun 24, 2025SC 14D9/A EDGAR

The 203 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Global Blue Group Holding AG is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGlobal Blue Group Holding AG1
  • CIK0001799983
  • Filer statusAccelerated filer an emerging growth company; not a shell company4
  • Incorporated inSwitzerland4
  • Fiscal year endsMarch 311
  • Industry code (SIC)7374 Services-Computer Processing & Data Preparation1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business addressZurichstrasse 38, 8306 Bruttisellen, Bruttisellen, V8 CH1
  • Phone41 22 363 77 401
  • Shares outstanding199,366,170 shares as of Mar 31, 20254
  • AuditorPricewaterhouseCoopers SA, Geneva, Switzerland PCAOB ID 1358; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJan 16, 20201
  • Filings311 in all: 6-K (119), 144 (22), 424B3 (22), 425 (18), CORRESP (17), EFFECT (14), UPLOAD (13), SCHEDULE 13D/A (8)1
    All 35 form types

    SC 14D9/A (7), 20-F (6), 6-K/A (6), POS AM (6), SC 13D/A (6), SC TO-T/A (6), F-3 (5), F-4/A (5), SC 13D (5), F-1/A (3), 25-NSE (2), AW (2), F-1 (2), F-3/A (2), SC 13G (2), SC 14D9 (2), 15-12G (1), 20-F/A (1), 8-A12B (1), CERT (1), F-4 (1), S-8 (1), S-8 POS (1), SC 13G/A (1), SC TO-T (1), SC14D9C (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (20-F) Jun 4, 2025

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, nominal value CHF 0.01 per shareGBNew York Stock Exchange
Warrants to purchase ordinary sharesGB.WTNew York Stock Exchange

From the cover page of the 20-F filed Jun 4, 2025 (Section 12(b) of the Exchange Act).4

Sources

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