American Express Global Business Travel (Amex GBT) has announced an increase in its share repurchase authorization to $600 million, doubling the previous amount. This decision indicates the company's confidence in its ability to deliver growth, innovative AI-enabled products, margin expansion, and cash generation, while providing attractive capital returns to shareholders.
CEO Paul Abbott stated that the increased share repurchase authorization is expected to drive shareholder value with a strong return on invested capital, reflecting management's confidence in the company's fundamental AI advantages and opportunities.
Additionally, Amex GBT reported strong preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2025, indicating accelerating business travel demand, share gains, successful acquisition, and cost optimization.
Preliminary fourth quarter 2025 results (unaudited) showed: Revenue growth of 34% to $792 million Total transaction value (TTV) growth of 45% to $10 billion Adjusted EBITDA growth of 17% to $130 million Net cash from operating activities of $52 million Free cash flow generation of $13 million Net income of $83 million, compared to a net loss of $14 million in the prior year
Preliminary full-year 2025 results (unaudited) revealed: Revenue growth of 12% to $2.718 billion Total transaction value (TTV) growth of 17% to $36 billion Adjusted EBITDA growth of 11% to $532 million Net cash from operating activities of $233 million Free cash flow generation of $104 million Net income of $111 million, compared to a net loss of $134 million in the prior year
Amex GBT also issued full-year 2026 guidance, expecting strong growth driven by share gains, product innovation, and the acquisition of CWT, with disciplined operating leverage driven by CWT synergies and AI-driven cost optimization.
Full-year 2026 guidance includes: Revenue growth of 19% to 21%, to a range of $3.235 billion to $3.295 billion Adjusted EBITDA growth of 16% to 21%, to a range of $615 million to $645 million
The company will release final financial results for the fourth quarter and full year ended December 31, 2025, before market open on March 9, 2026, followed by a live audio webcast discussing the financial performance and business outlook.
It's important to note that the preliminary unaudited financial results are subject to completion of annual audit procedures and internal reviews. The share repurchase program does not obligate the company to repurchase any specific amount or number of shares and may be suspended or discontinued at any time.
American Express Global Business Travel (Amex GBT) is a leading software and services company for travel, expense, and meetings & events, known for delivering savings, flexibility, and service in over 140 countries. As a result of these announcements, the company's shares have moved -0.52% on the market, and are now trading at a price of $7.61. Check out the company's full 8-K submission here.
