The earnings call presented a strong performance with significant achievements in adjusted EBITDA and customer retention, along with strategic progress in the CWT acquisition. Despite some challenges in certain sectors and a temporary demand decline in April, the overall demand environment showed improvement, leading to increased guidance for 2025.

Company Guidance -

Q3 2025

In the second quarter of 2025, American Express Global Business Travel (Amex GBT) exceeded expectations by achieving over $500 million in adjusted EBITDA over the last 12 months and a 4% growth in adjusted EBITDA to $133 million. The company reported an adjusted EBITDA margin expansion of 70 basis points year-over-year, reaching 21%. Total transaction value (TTV) increased by 3% on a workday adjusted basis to $7.9 billion, driven by modestly higher ticket prices and favorable foreign exchange impacts. Revenue grew by 1% to $631 million, surpassing the guidance midpoint, with a noted high customer retention rate of 95% over the past year. The company also noted total new wins valued at $3.2 billion, primarily from SME customers. With a strong balance sheet and nearly $1 billion in available liquidity, Amex GBT raised and narrowed its full-year 2025 guidance, projecting revenue growth of 2% to 4% and adjusted EBITDA growth of 6% to 13%. The anticipated closure of the CWT acquisition in the third quarter and the subsequent initiation of a $300 million stock repurchase program are expected to further enhance shareholder value.

Achievement of Over $500 Million in Adjusted EBITDA

The company achieved over $500 million in adjusted EBITDA over the last 12 months, demonstrating strong financial performance and operational efficiency.

High Customer Retention Rate

The company maintained a high customer retention rate of 95% over the last 12 months, indicating strong customer loyalty and satisfaction.

CWT Acquisition Progress

The U.S. Department of Justice dismissed its challenge to the CWT acquisition, paving the way for the transaction to be completed in the third quarter.

Strong Adjusted EBITDA Growth and Margin Expansion

Adjusted EBITDA grew by 4% to $133 million with a margin expansion of 70 basis points year-over-year, reaching 21%.

Improved Demand Environment

Demand improved in May and June, with transaction growth inflecting back to positive territory and contributing to better-than-expected quarterly results.

Increased Revenue Guidance for 2025

The company raised its full-year revenue growth guidance to 2% to 4%, reflecting confidence in continued demand improvement and operational efficiency.

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
Nov 11, 2025	2025 (Q3)	0.04 / -	-0.28	―	―	―
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)
Aug 10, 2023	2023 (Q2)	-0.09 / -0.23	0.44	-151.36% (-0.67)

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
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%
Nov 05, 2024	$7.68	$7.73	+0.65%

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 Nov 11, 2025, Before Open (Confirmed).

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

Global Business Travel Group (GBTG) earnings time is at Nov 11, 2025, 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 (Q3) is 0.04.

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