The earnings call showcased strong growth metrics and strategic developments, particularly with the acquisition of CWT and partnership with SAP Concur. Despite some temporary financial impacts from the acquisition and external factors like the U.S. government shutdown, the overall outlook remains positive with anticipated growth in 2026.

Company Guidance

In the third quarter of 2025, American Express Global Business Travel reported robust financial performance with significant growth across multiple metrics. Total transaction value (TTV) increased by 23%, while revenue grew by 13%, highlighting the company's strong market position. The adjusted gross profit margin reached 60%, and adjusted EBITDA grew by 9%, demonstrating effective cost management and operational efficiency. Free cash flow generation amounted to $38 million, and the company achieved $3.2 billion in total new wins value over the past 12 months. The acquisition of CWT contributed to a 30% revenue growth and introduced new opportunities for $155 million in net cost synergies over the next three years. Additionally, the strategic alliance with SAP Concur and the anticipated launch of the next-gen Egencia Travel and Expense solution in Q1 2026 are expected to drive further growth and margin expansion. The company reaffirmed the midpoint of its previous guidance for its core business and raised its full year 2025 guidance, reflecting confidence in continued strong performance and strategic initiatives.

Strong Transaction and Revenue Growth

Total transaction value (TTV) grew 23% and revenue growth accelerated to 13%.

Record Customer Retention and New Wins

Amex GBT achieved a customer retention rate of 95% and $3.2 billion in total new wins value over the last 12 months.

Significant Acquisition of CWT

The acquisition of CWT increased revenues by approximately 30% and SME business by approximately 20%.

Promising AI Integration

AI-driven solutions led to a 23% reduction in the need for human intervention in Egencia Chats and increased hotel attachment rates, improving efficiency and revenue.

Strategic Partnership with SAP Concur

A new alliance with SAP Concur aims to develop a flagship travel and expense solution that could accelerate growth within the SME segment.

Global Business Travel Group (GBTG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GBTG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 11, 2026	2025 (Q4)	0.06 / -	-0.04	―	―	―
Nov 10, 2025	2025 (Q3)	0.06 / -0.13	-0.28	54.29% (+0.15)
Aug 05, 2025	2025 (Q2)	0.06 / 0.03	0.06	-50.00% (-0.03)
May 06, 2025	2025 (Q1)	0.12 / 0.16	-0.04	500.00% (+0.20)
Feb 27, 2025	2024 (Q4)	0.04 / -0.04	-0.06	33.33% (+0.02)
Nov 05, 2024	2024 (Q3)	-0.02 / -0.28	-0.02	-1300.00% (-0.26)
Aug 06, 2024	2024 (Q2)	-0.01 / 0.06	-0.226	126.55% (+0.29)
May 07, 2024	2024 (Q1)	0.02 / -0.04	0.009	-544.44% (-0.05)
Mar 05, 2024	2023 (Q4)	-0.03 / -0.06	-0.048	-25.00% (-0.01)
Nov 07, 2023	2023 (Q3)	0.00 / -0.02	-0.43	95.35% (+0.41)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GBTG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 10, 2025	$7.96	$7.65	-3.89%
Aug 05, 2025	$6.24	$6.50	+4.17%
May 06, 2025	$6.89	$6.17	-10.45%
Feb 27, 2025	$8.62	$8.11	-5.92%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Global Business Travel Group (GBTG) report earnings?

Global Business Travel Group (GBTG) is schdueled to report earning on Mar 11, 2026, Before Open (Confirmed).

What is Global Business Travel Group (GBTG) earnings time?

Global Business Travel Group (GBTG) earnings time is at Mar 11, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GBTG EPS forecast?

GBTG EPS forecast for the fiscal quarter 2025 (Q4) is 0.06.

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