American Express Sells 30% Stake in Global Business Travel for $1.5 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
In a regulatory filing, American Express (AXP) announced that pursuant to Long Lake and General Catalyst's agreement to acquire Global Business Travel Group, Inc. (GBTG), it will sell its approximately 30% equity interest in GBTG. Upon closing of the transaction, American Express expects to receive proceeds of approximately $1.5B and to recognize a pre-tax gain of approximately $975M. This gain was not factored into the FY 2026 earnings guidance the company previously provided. Consistent with its disciplined capital allocation approach, American Express expects to invest a portion of the gain to position the company for continued success and return a portion of the gain to shareholders. The transaction does not change the companies' current brand licensing and commercial agreements and their commitment to serving customers.
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Analyst Views on AXP
Wall Street analysts forecast AXP stock price to rise
21 Analyst Rating
8 Buy
12 Hold
1 Sell
Moderate Buy
Current: 315.950
Low
280.00
Averages
379.06
High
425.00
Current: 315.950
Low
280.00
Averages
379.06
High
425.00
About AXP
American Express Company is a global payments and premium lifestyle brand powered by technology. Its card-issuing, merchant-acquiring and card network businesses offer products and services to a broad range of customers, including consumers, small businesses, mid-sized companies and large corporations around the world. Its range of products and services includes credit and charge cards and complementary products and services, including travel, dining, lifestyle and expense management products and services; banking and other payment and financing products and services, including deposits and non-card lending; merchant acquisition and processing, servicing and settlement, fraud prevention, and point-of-sale marketing and information products and services, and network services. These products and services are offered through various channels, including mobile and online applications, affiliate marketing, customer referral programs, third-party service providers, and business partners.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Brand Value: Built on trust, security, and service, American Express aims to deliver the world's best customer experience to a wide range of consumers, small and medium-sized businesses, and large corporations, strengthening its competitive position in the global market.
See More
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See More
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- Volume Growth: On a currency-neutral basis, total payment volumes increased 8% year-over-year to approximately $464 billion, indicating sustained appeal in the digital payments sector, particularly in the higher-margin online branded checkout segment.
- New CEO Strategy: Since taking over in March, new CEO Enrique Lores has announced plans to reorganize the company into three operating units, including a dedicated Venmo division, aiming to enhance competitiveness against Big Tech entrants like Apple and Google.
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