Global Business Travel Group, Inc.
investors.amexglobalbusinesstravel.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2026 10-Q, filed Aug 4, 2026. Its latest SEC filing is a 15-12G from Oct 9, 2026.
10-Q for Q2 FY2026, filed Aug 4, 2026
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Provides managed business travel and travel-and-expense programs and meetings and events services to companies, while connecting travel suppliers with corporate travelers.
10-K for FY2025, filed Mar 9, 2026We serve and create value for clients and travel suppliers in two ways: (i) by providing the most comprehensive and competitive content…View ↗
Amex GBT Egencia - For businesses needing a configurable digital travel and expense platform powered by AI with a personalized, digital…View ↗
Professional Services: Our commitment to bringing great ideas together is reflected in our specialized professional services including Amex…View ↗
Travel Suppliers: The hub of our business is our marketplace, where we connect travel suppliers, including over 700 airlines, 160 rail…View ↗
How Did They Make Money?
Travel revenue comes from fees clients pay for processed trip transactions and commissions suppliers pay to distribute bookings. Product and service revenue comes from management and event fees, consulting engagements, and subscriptions; customers generally pay after invoicing or on the date set in their contract.
10-K for FY2025, filed Mar 9, 2026Client Fees: We typically charge clients transaction fees for arranging travel. Supplier Fees: Travel suppliers pay us for distributing and…View ↗
Management Fees: Clients pay us management fees to provide a dedicated staffing pool to serve their travelers for part or all of their…View ↗
Transaction Fees and Other Revenues: The Company enters into contracts with business clients to provide travel-related services each period…View ↗
Base Commissions and Incentives: Certain of the Company’s travel suppliers (e.g., airlines, hotels, car rental companies, and rail…View ↗
Payments from customers are generally received within 30-60 days of invoicing or from their contractual date agreed under the terms of…View ↗
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10-K for FY2025, filed Mar 9, 2026
FY2025 revenue by product or service ↗
$2.7B
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10-K for FY2025, filed Mar 9, 2026
$2.7B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Travel revenue
Usage-based
10-K for FY2025, filed Mar 9, 2026 |
79%
FY2022: 78%
|
Travel revenue, FY2025
$2.2B Sources
|
Usage-based |
|
Products and professional services revenue
Mix
10-K for FY2025, filed Mar 9, 2026 |
21%
FY2022: 22%
|
Products and professional services revenue, FY2025
$564M Sources
|
Mix |
Who Were Their Customers?
Companies across industries and government agencies use its managed travel programs; partner travel management companies extend service in other markets. Airlines, hotels and other travel suppliers use its marketplace to reach business travelers.
10-K for FY2025, filed Mar 9, 2026Our operations are headquartered in London, United Kingdom. As of December 31, 2025, we had over 27,000 employees worldwide with a…View ↗
Clients: We are proud to serve clients globally across diverse industries, including financial services, industrial, technology…View ↗
Travel Suppliers: The hub of our business is our marketplace, where we connect travel suppliers, including over 700 airlines, 160 rail…View ↗
Amex GBT Egencia - For businesses needing a configurable digital travel and expense platform powered by AI with a personalized, digital…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 4 cents of every revenue dollar as net income in FY2025 and turned 4 cents into free cash flow.
10-K for FY2025, filed Mar 9, 2026
$130MView ↗
10-K for FY2025, filed Mar 9, 2026
$111MView ↗
10-K for FY2025, filed Mar 9, 2026
$104MView ↗
How Were They Changing?
10-Q for Q2 FY2026, filed Aug 4, 2026
Open tableView ↗
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Aug 4, 2026
Shareholders approved Long Lake's proposed acquisition
The deal was expected to close in the second half of 2026, subject to regulatory approvals.
Sources
8-K, filed Aug 4, 2026
Shareholder approval for the proposed acquisition of the Company by Long Lake Management (the "Merger") was obtained on August 3, 2026. The…View ↗
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May 4, 2026
Long Lake agreed to acquire Amex GBT
The all-cash transaction was expected to close in the second half of 2026, subject to stockholder and regulatory approvals.
Sources
8-K, filed May 4, 2026
New York, NY – May 4, 2026 – American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE: GBTG)…View ↗
Grew. Revenue grew 3.6x in 4 years, from $763M in FY2021 to $2.7B in FY2025, about 37% a year.
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