Global Business Travel Group, Inc. Stock Price, News & Analysis

Amex GBT (NYSE: GBTG) and SAP Concur announced a strategic alliance on October 3, 2025 to integrate travel, expense and payments into a unified offering called Complete. Complete is described as a next‑gen travel and expense solution combining booking, servicing, expense, payments and marketplace in one experience.

The partners plan a Concur Expense integration for Amex GBT Egencia customers, AI‑driven personalization, richer content across air/hotel/ground/rail, one unified app/view, joint account management, and combined AI insights from millions of trips. More features roll out in 2025 with quarterly releases starting in 2026; availability planned for GBT Partner Solutions and other global partner networks.

American Express Global Business Travel (NYSE: GBTG) has completed its acquisition of CWT, a global business travel and meetings solutions provider, in a deal valued at $540 million on a cash-free, debt-free basis. The strategic acquisition is expected to generate $155 million in annual run-rate synergies within three years.

CWT customers will now have access to Amex GBT's comprehensive suite of proprietary travel and expense software solutions, including Neo and Egencia platforms, as well as Select for technology partner integration. The merger enhances Amex GBT's professional services portfolio in meetings, events, consulting, and sustainability solutions.

The Company will provide updated full-year 2025 guidance, including the acquisition's impact, during its November earnings call.

American Express Global Business Travel (NYSE: GBTG) reported strong Q2 2025 results, exceeding expectations and leading to raised full-year guidance. Revenue grew 1% to $631 million, while Adjusted EBITDA increased 4% to $133 million with significant margin expansion of 70 basis points to 21%.

The company demonstrated robust operational performance with a 95% customer retention rate and $3.2 billion in Last Twelve Months Total New Wins. Additionally, GBTG announced that its CWT acquisition is expected to close in Q3 2025 following the DOJ's dismissal of litigation.

Based on strong performance, GBTG raised its full-year 2025 guidance, now projecting revenue growth of 2-4% and Adjusted EBITDA of $505-540 million, representing 6-13% growth. The company also expects Free Cash Flow between $140-160 million.

American Express Global Business Travel (NYSE: GBTG) announced that the U.S. Department of Justice has dismissed its complaint challenging the company's acquisition of CWT, a global business travel solutions provider. The $540 million transaction is now expected to close in Q3 2025.

The deal structure includes 50 million shares to be issued at $7.50 per share, with the remainder funded through cash. CWT shareholders will own approximately 10% of the combined company. The merger is expected to generate $155 million in net synergies and be highly accretive.

American Express Global Business Travel (NYSE: GBTG) has scheduled its second quarter 2025 financial results announcement for August 5, 2025, before market opening. The company will host an audio webcast at 9:00 AM ET featuring CEO Paul Abbott and CFO Karen Williams.

The presentation will be available through the company's Investor Relations website at investors.amexglobalbusinesstravel.com, with a replay accessible for at least 90 days following the event.

American Express Global Business Travel (NYSE: GBTG) reported strong Q1 2025 financial results with notable profit growth and margin expansion. Revenue grew 2% YoY to $621 million, while Adjusted EBITDA increased 15% to $141 million. The company achieved significant margin expansion with Adjusted EBITDA margin growing 260 bps to 23%. Key highlights include reduced leverage ratio to 1.7x, strong customer retention at 96%, and $3.2 billion in LTM Total New Wins Value. However, due to economic uncertainty, GBTG updated its FY 2025 guidance, reducing the Adjusted EBITDA midpoint by 6%. The new guidance projects revenue of $2.38-2.48 billion and Adjusted EBITDA of $480-540 million. The company also announced an amended merger agreement for CWT acquisition, reducing stock consideration from ~72 million to ~50 million shares, and maintains a $300 million share buyback program.

American Express Global Business Travel (NYSE: GBTG), a leading software and services company specializing in travel, expense, and meetings & events solutions, has scheduled its first quarter 2025 financial results announcement for May 6, 2025, before market opening.

The company will host a live audio webcast at 09:00 A.M. ET, featuring CEO Paul Abbott and CFO Karen Williams, who will present the financial performance and business outlook. The hour-long webcast will be available through the Investor Relations section at investors.amexglobalbusinesstravel.com, with replay access for at least 90 days post-event.

American Express Global Business Travel (NYSE: GBTG) has received a credit rating upgrade from Moody's Ratings, elevating from B2 to B1. This marks the second credit rating upgrade for the company in the current year.

Moody's attributed the upgrade to GBTG's strong business momentum and substantial deleveraging. The rating agency also highlighted expectations for continued margin expansion, along with strong balance sheet and cash generation capabilities.

CFO Karen Williams emphasized that this upgrade validates the company's outstanding financial results and successful execution of responsible capital allocation priorities aimed at enhancing shareholder value.

American Express Global Business Travel (NYSE: GBTG) has announced amended terms for its CWT acquisition agreement. The revised deal values CWT at $540 million, down from the original $570 million, on a cash-free, debt-free basis.

Key changes include:

• Increased fixed stock price of $7.50 per share (up from $6.00)
• Reduced share issuance to approximately 50 million shares of Class A common stock (down from 72 million)
• Cash consideration remains at $70 million
• Extension of deadline to December 31, 2025

The expected 2024 Adjusted EBITDA multiples remain consistent at 7.6x pre-synergy and 2.5x post-synergy. The extension allows time to address the U.S. Department of Justice's antitrust lawsuit filed in January 2025. The transaction's closing remains subject to regulatory approvals and customary conditions.