Global Business Travel Group, Inc. reports developments for Amex GBT, a software and services company for corporate travel, expense management, and meetings and events. Company news centers on operating results, transaction-driven travel revenue, product and professional services revenue, business travel demand, and technology-enabled travel management solutions.
Recurring updates also cover capital allocation and balance-sheet actions, including share repurchase authorization changes and senior secured credit facility amendments. Corporate developments include the completed CWT acquisition, integration and synergy commentary, strategic alliance activity, and AI-related product and productivity initiatives within the company’s B2B travel platform.
American Express Global Business Travel (GBTG) appointed President Drew Crawley as chief executive officer in a leadership transition effective immediately.
Paul Abbott moves to Operating Partner with Long Lake after seven years leading Amex GBT. The transition follows completion of the company's AI-focused take-private deal. Crawley joined Amex GBT six years ago and, as president, led commercial functions, customer relationships and supplier partnerships. Earlier this year, he also assumed responsibility for global operations and technology.
Global Business Travel Group (GBTG) was acquired by Long Lake Management in an approximately $6.3 billion all-cash deal. Amex GBT stockholders received $9.50 per share in cash, a 65.1% premium to the 30-day VWAP from the date of the merger agreement. The acquisition was announced on May 4, 2026, and approved by stockholders at a special meeting on August 3, 2026.
Amex GBT common stock has ceased trading and will be delisted from the New York Stock Exchange. The business now operates as a private company. The transaction is financed with equity from Long Lake’s existing investors and Koch Equity Development, alongside committed debt financing. Amex GBT said the deal brings Long Lake’s AI engineering team into the business to support its travel and service teams.
American Express Global Business Travel (NYSE: GBTG) reported Q2 2026 revenue of $870 million, up 38% year over year, with gross profit of $494 million and net income of $17 million, a 14% increase. Adjusted EBITDA was $178 million, up 34%, with a 21% margin.
Total operating expenses rose 42% to $846 million, compressing gross and adjusted gross margins. Net cash from operating activities reached $142 million (up 153%) and free cash flow was $103 million (up 281%). Net debt to LTM adjusted EBITDA stood at 1.7x.
According to the company, TTV grew 57% and transactions 45%. LTM Total New Wins Value increased to $3.5 billion with a 95% customer retention rate and $2.3 billion of SME New Wins Value, up 11%. Shareholders approved the proposed acquisition by Long Lake Management, with closing expected in the second half of 2026, subject to customary conditions and regulatory approvals.
American Express Global Business Travel (NYSE: GBTG) reported Q1 2026 results on May 4, 2026: revenue $840M (+35% YoY), adjusted gross profit $490M (58% margin), adjusted EBITDA $150M, and net income $54M (-28% YoY). TTV grew 54% and transaction volume grew 41%.
The company noted acquisitions contributed to results, reported $15M net cash used in operations and $52M free cash flow outflow, and said it will suspend earnings calls after a proposed acquisition by Long Lake Management.
American Express Global Business Travel (NYSE: GBTG) agreed to be acquired by Long Lake for $9.50 per share, valuing the company at approximately $6.3 billion. The price represents a ~65.1% premium to the 30‑day VWAP and a ~60.2% premium to the May 1, 2026 closing price.
The transaction, supported by major shareholders representing 69% of shares, is expected to close in the second half of 2026, subject to stockholder approval and regulatory clearances. Financing combines Long Lake equity and committed debt; the deal is not conditioned on financing.
American Express Global Business Travel (NYSE: GBTG) will report first quarter 2026 financial results on May 11, 2026 before the market opens. CEO Paul Abbott and CFO Karen Williams will host a live audio webcast at 9:00 a.m. ET. A replay will be available on the investor website for at least 90 days.
Investors can access the live and replayed webcast via the Investor Relations section at investors.amexglobalbusinesstravel.com.
American Express Global Business Travel (NYSE: GBTG) reported strong Q4 and full-year 2025 results, with revenue of $792M in Q4 (+34% YoY) and full-year revenue of $2.718B (+12% YoY). Adjusted EBITDA was $130M in Q4 and $532M for FY2025.
The company closed the CWT acquisition, launched product integrations with SAP Concur, doubled its share repurchase authorization to $600M, and reiterated FY2026 guidance for 19–21% revenue growth and $615–$645M in Adjusted EBITDA.
American Express Global Business Travel (NYSE: GBTG) increased its share repurchase authorization by $300 million, raising the program to $600 million, and reported strong preliminary unaudited Q4 and full‑year 2025 results. Q4 revenue rose 34% to $792 million; FY2025 revenue grew 12% to $2.718 billion. The company reiterated full‑year 2026 guidance targeting 19–21% revenue growth to $3.235–3.295 billion and adjusted EBITDA of $615–$645 million. Final audited results will be released before market open on March 9, 2026.
Summary not available.
American Express Global Business Travel (NYSE: GBTG) reported Q3 2025 results with revenue of $674M, up 13% YoY, and adjusted EBITDA of $128M, up 9% YoY. The company closed the CWT acquisition on Sept 2, 2025 and identified $155M of synergies. Gross profit was $388M and adjusted gross profit was $404M (both +12%). Net loss narrowed to $62M and free cash flow was $38M, down 33%. Amex GBT raised FY2025 guidance to $2.705B–$2.725B revenue (≈12% growth) and $523M–$533M adjusted EBITDA. The company provided preliminary 2026 expectations of 19%–21% revenue growth and $615M–$645M adjusted EBITDA. Management cited AI, a new SAP Concur alliance and a next‑gen Egencia launch as growth drivers.