American Express Global Business Travel (Amex GBT) reported Q2 2026 results: revenue of $870 million, up 38% year-over-year; adjusted EBITDA of $178 million, up 34%. TTV grew 57% and transactions grew 45%. The company won major clients including Google, Koch, and Pfizer, maintaining a 95% customer retention rate. Shareholders approved the acquisition by Long Lake Management, expected to close in H2 2026.
American Express Global Business Travel (Amex GBT) has announced a definitive agreement to be acquired by Long Lake Management for $9.50 per share in cash, valuing the company at approximately $6.3 billion. The transaction is supported by investors including General Catalyst and Alpha Wave, and is expected to close in the second half of 2026. Amex GBT will become a private company, and the American Express brand licensing agreement will remain in place.
American Express Global Business Travel (Amex GBT) reported strong Q1 2026 financial results, with revenue up 35% year-over-year to $840 million and adjusted EBITDA of $150 million. The company highlighted total new wins value of $3.4 billion and a 96% customer retention rate, and launched AI-powered Complete and next-gen Egencia. Due to the announced acquisition by Long Lake, the company has suspended earnings calls and financial guidance.