Every 8-K that Global Business Travel Group, Inc. (GBTG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow GBTG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GBTG filings page.
Global Business Travel Group, Inc., which operates American Express Global Business Travel, reported strong second quarter 2026 results. Revenue was $870 million, up 38% year over year, on 57% Total Transaction Value growth and 45% Transaction Growth. Net income was $17 million, up 14% with a 2% margin, while Adjusted EBITDA rose to $178 million, a 34% increase with a 21% margin. Free Cash Flow reached $103 million, up 281%.
Total operating expenses increased to $846 million, up 42%, driven by acquisitions, growth investments and restructuring, partially offset by $18 million of cost transformation benefits and $14 million of CWT synergies. Net cash from operating activities was $142 million, up 153%. As of June 30, 2026, cash and cash equivalents were $518 million and Net Debt was $994 million, resulting in Net Debt / LTM Adjusted EBITDA of 1.7x. Shareholders approved the proposed acquisition of the company by Long Lake Management on August 3, 2026; the Merger is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.
Global Business Travel Group, Inc. held a virtual special meeting of stockholders on August 3, 2026 to vote on a proposed merger. Stockholders approved the Merger Proposal to adopt the Agreement and Plan of Merger dated May 2, 2026 with Gaia Purchaser, Inc. and Gaia Merger Sub, Inc. Under this agreement, Gaia Merger Sub will merge with and into the company, which will continue as the surviving corporation and become a wholly owned subsidiary of Gaia Purchaser, Inc.
A total of 522,373,443 shares were entitled to vote as of July 6, 2026, and 496,040,291 shares were present or represented by proxy, a quorum of approximately 94.95%. Stockholders also approved, on an advisory, non-binding basis, the specified compensation that will or may be paid to named executive officers in connection with the merger. Because the merger received sufficient support, the adjournment proposal was rendered moot and was not presented.
Global Business Travel Group, Inc. filed a current report describing steps connected to its previously announced plan to be acquired by Long Lake Management. On May 2, 2026, the company entered into an Agreement and Plan of Merger with Gaia Purchaser, Inc. and Gaia Merger Sub, Inc.
On June 8, 2026, the company made additional information available to prospective lenders supporting Parent’s debt financing process for the merger. This information is furnished under Item 7.01 of the Exchange Act and is not deemed filed or incorporated by reference into Securities Act registration statements.
Global Business Travel Group, Inc. reported the results of its May 13, 2026 annual stockholder meeting, where stockholders approved all four proposals on the ballot. Three Class I directors were elected to terms expiring at the 2029 annual meeting, each receiving over 396 million votes in favor.
Stockholders ratified KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 406,430,176 votes for and 653,792 against. They also approved, on an advisory basis, the compensation of the company’s named executive officers and an amendment to the 2022 Equity Incentive Plan, which received 390,956,846 votes in favor.
Global Business Travel Group, Inc. announced that its EVP and Chief Technology Officer, John David Thompson, will leave the company on May 31, 2026. His responsibilities will be reassigned to other senior leaders, indicating a redistribution rather than an elimination of the CTO function.
Under a newly executed separation and release agreement, and subject to Mr. Thompson working through the departure date, reaffirming the release, and honoring non‑competition and related covenants, he will be eligible for severance under a November 29, 2021 Severance Protection Agreement. His restricted stock units and performance stock units will remain outstanding and be treated as if he remained employed through November 30, 2026, and certain stock options granted on or before December 2, 2021 will remain exercisable through the later of the standard post‑termination exercise period for a termination without cause or November 30, 2026, unless earlier settled or forfeited.
Global Business Travel Group, Inc. (Amex GBT) has agreed to be acquired by Long Lake Management in an all-cash deal. Long Lake will pay $9.50 per share, valuing the transaction at approximately $6.3 billion. The price represents a 60.2% premium to Amex GBT’s May 1, 2026 closing share price and a 65.1% premium to its 30‑day volume‑weighted average price.
Under the merger agreement, a Long Lake subsidiary will merge into Amex GBT, which will become a wholly owned subsidiary and go private after closing, targeted for the second half of 2026, subject to stockholder approval, antitrust and other regulatory clearances, and customary closing conditions. Most equity awards, including in‑the‑money options, RSUs and PSUs, will convert into cash based on the $9.50 Per Share Price.
American Express, Expedia, Qatar Investment Authority and BlackRock have signed voting agreements covering about 69% of outstanding shares, supporting the deal. The agreement includes a $200 million Company Termination Fee and a $270 million Parent Termination Fee. Financing will come from equity provided by Long Lake and Koch Equity Development and $2.5 billion of committed debt financing.
Global Business Travel Group, Inc. reported mixed Q1 2026 results. Revenue rose to $840 million from $621 million, but net income declined to $54 million from $75 million as total operating expenses increased to $837 million.
Adjusted EBITDA edged up to $150 million from $141 million, while Free Cash Flow swung to a $52 million outflow from a $26 million inflow, reflecting working capital and capital spending. Net Debt was $1.075 billion, with Net Debt / LTM Adjusted EBITDA of 2.0x.
The Company noted a proposed acquisition by Long Lake Management and, in light of this Merger, will not host an earnings call and is suspending future earnings calls and financial guidance.
Global Business Travel Group (Amex GBT) reported a strong turnaround for 2025, moving to net income of $111 million from a loss of $134 million in 2024 on revenue of $2,718 million, up 12%. Fourth-quarter revenue reached $792 million, up 34%, with net income of $83 million versus a prior-year loss.
Adjusted EBITDA for 2025 increased to $532 million from $478 million, while free cash flow declined to $104 million from $165 million as the company boosted technology and integration investments, including the transformative CWT acquisition. Net debt was $984 million, or 1.9x LTM Adjusted EBITDA.
The company reiterated full-year 2026 guidance for revenue of $3.235–$3.295 billion, Adjusted EBITDA of $615–$645 million, and free cash flow of $125–$155 million. It also doubled its share repurchase authorization to $600 million, signaling confidence while continuing to focus on AI-enabled products, CWT integration, and cost transformation.
Global Business Travel Group, Inc. filed an amended report to correct a prior disclosure about its share repurchase program, clarifying that the authorization was increased to $600 million, not $500 million.
The company also announced strong preliminary unaudited results for 2025, with fourth-quarter revenue up 34% to $792 million and net income of $83 million versus a prior-year loss. For full-year 2025, revenue grew 12% to $2.718 billion, net income reached $111 million compared with a $134 million loss, and Adjusted EBITDA rose to $532 million. Management issued 2026 guidance calling for revenue growth of 19%–21% to between $3.235 billion and $3.295 billion, and Adjusted EBITDA of $615 million–$645 million, and highlighted AI-enabled innovation, the CWT acquisition and cost optimization as key growth and margin drivers.
Global Business Travel Group, Inc. (Amex GBT) reported strong preliminary unaudited results for the fourth quarter and full year 2025 and significantly expanded its capital return plans. The board increased the existing share repurchase authorization by $300 million to $600 million, signaling confidence in performance and balance sheet strength.
For Q4 2025, revenue grew 34% to $792 million, Total Transaction Value rose 45% to $10 billion, Adjusted EBITDA increased 17% to $130 million, and net income was $83 million versus a net loss of $14 million a year earlier. Full-year 2025 revenue grew 12% to $2.718 billion, Adjusted EBITDA rose 11% to $532 million, and net income reached $111 million versus a net loss of $134 million in 2024.
The company reiterated full-year 2026 guidance, targeting revenue growth of 19%–21% to $3.235–$3.295 billion and Adjusted EBITDA growth of 16%–21% to $615–$645 million, supported by business travel demand, the CWT acquisition, and AI-driven cost optimization.
Global Business Travel Group, Inc. entered into a second amendment to its senior secured credit agreement, adding more debt while slightly lowering its borrowing cost. The amendment increases the aggregate principal amount of term loans by $100,000,000 and reduces the interest rate margin on those loans by 0.50%.
After this change, the term loans form a single class and bear interest at SOFR plus 2.00% per year, or at an alternate base rate plus 1.00% per year. The loans continue to mature on July 26, 2031, with quarterly principal amortization of $3,752,525.25 and the remaining balance due at maturity.
The initial borrower may voluntarily prepay the term loans without premium or penalty, subject to a 1% prepayment premium for certain repricing transactions before July 21, 2026 and customary breakage costs. The initial borrower will also pay customary fees in connection with this amendment.
Global Business Travel Group, Inc. (GBTG) furnished an 8-K to announce its financial results for the quarter ended September 30, 2025. The results were released via a press release attached as Exhibit 99.1.
The submission is being furnished, not filed, and is therefore not subject to Section 18 liabilities of the Exchange Act, nor incorporated by reference into other filings unless expressly stated. The company’s Class A common stock trades on the NYSE under GBTG.
Global Business Travel Group, Inc. (GBTG) filed an Amendment No. 1 to its Form 8-K to provide the financial statements and pro forma information for its completed acquisition of CWT Holdings, LLC, as required by Items 9.01(a) and 9.01(b).
The filing adds: (i) audited CWT consolidated financials for the year ended December 31, 2024, (ii) unaudited CWT consolidated financials for the six months ended June 30, 2025, and (iii) unaudited pro forma condensed consolidated balance sheet as of June 30, 2025 and statements of operations for the six months ended June 30, 2025 and the year ended December 31, 2024. The pro forma information is described as illustrative and not necessarily indicative of future results.
Global Business Travel Group, Inc. disclosed Amendment No. 5 to its Agreement and Plan of Merger with CWT Holdings, LLC and related merger subsidiaries, adjusting economic terms of the previously announced mergers. The amendment increases the recognized Debt-Like Items by $13,660,000, which reduces both the Estimated Purchase Price and Final Purchase Price by the same amount.
The amendment also updates post-closing consideration mechanics: a pool of Holdback Shares of Class A common stock will be scheduled for release nine months after closing, but the company will retain a portion equal to 50% of certain resolved Business Restructuring claims (converted into shares at $7.50 per share). If claims remain pending at that date, additional shares may be retained until final resolution. Separately, the company agreed to pay CWT equityholders cash equal to the amount by which $20,000,000 exceeds 50% of specified Business Restructuring costs, payable promptly after reimbursable costs are determined.