Amex GBT Sees FY26 Adjusted EBITDA of $615M-$645M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 17 2026
0mins
Should l Buy GBTG?
Sees FY26 adjusted EBITDA $615M-$645M. The company said, "Additionally, Amex GBT issued full-year 2026 guidance that is in line with previously shared expectations. Strong growth is expected to be driven by share gains, product innovation and the CWT acquisition with disciplined operating leverage driven by CWT synergies and AI-driven cost optimization."
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Analyst Views on GBTG
Wall Street analysts forecast GBTG stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 5.660
Low
8.00
Averages
10.25
High
12.00
Current: 5.660
Low
8.00
Averages
10.25
High
12.00
About GBTG
Global Business Travel Group, Inc. (Amex GBT) is a business-to-business (B2B) software and services company for travel, expense, and meetings and events. The Company operates American Express Global Business Travel. The Company provides a full suite of differentiated, technology-enabled solutions to business travelers and clients, suppliers of travel content (such as airlines, hotels, ground transportation providers and aggregators) and third-party travel agencies. The Company manages end-to-end logistics of business travel and provides a link between businesses and their employees, travel suppliers, and other industry participants. Its range of travel and expense solutions are underpinned by specialized professional services, including Amex GBT Meetings & Events and GBT Consulting. With its GBT Partner Solutions program, the Company extends its software and service platform to third-party travel management companies (TMCs) and independent advisors (Network 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.
American Express Global Business Travel Expands Buyback Program
- Buyback Program Expansion: American Express Global Business Travel has expanded its share repurchase program from $300 million to $600 million, reflecting the company's confidence in future growth and aiming to enhance shareholder value and market sentiment.
- Q4 Revenue Growth: The company anticipates a 34% increase in fourth-quarter revenue to $792 million, surpassing the market consensus of $789.48 million, indicating strong market demand and effective business strategies.
- Full-Year Performance Outlook: Revenue for the full year is expected to grow by 12% to $2.718 billion, with Total Transaction Value (TTV) projected to increase by 17% to $36 billion, and adjusted EBITDA expected to rise by 11% to $532 million, showcasing the company's sustained profitability and competitive position.
- Future Growth Guidance: The company has guided for FY2026 revenue growth of 19% to 21%, targeting a range of $3.235 billion to $3.295 billion, with adjusted EBITDA expected to grow between 16% to 21%, further solidifying its leadership in the industry.
See More
AMEX GBT Reports Preliminary FY Net Income of USD 111 Million, Clarifying It's Not 'Co'
Company Overview: American Express Global Business Travel (Amex GBT) is a leading travel management company.
Financial Performance: The company reported a preliminary net income of USD 111 million.
See More
American Express Global Business Travel Successfully Refinances and Upsizes Loan Facility to $1 Billion
- Successful Refinancing: American Express Global Business Travel has successfully refinanced and upsized its senior secured first lien term loan facility to $1 billion, demonstrating strong company performance and investor confidence.
- Best-in-Class Terms: The terms of this refinancing are considered best-in-class for companies with similar credit ratings, reflecting the company's opportunistic approach in a favorable credit market, enhancing its financial flexibility.
- Enhanced Integration Capability: By increasing the loan capacity, the company is better positioned to integrate CWT and execute its strategies for growth, margin expansion, and cash generation while maintaining a strong balance sheet.
- Increased Market Confidence: CFO Karen Williams stated that this financing not only enhances the company's market position but also lays a solid foundation for future growth, boosting investor confidence.
See More
American Express Global Business Travel Successfully Refinances, Upsizes Loan to $1.486 Billion
- Interest Rate Reduction: The successful refinancing has led to a 50 basis point reduction in American Express Global Business Travel's borrowing rate, now priced at SOFR plus 2.00%, significantly lowering financial costs and enhancing profitability.
- Increased Liquidity: Strong market demand enabled the company to raise an additional $100 million, increasing the loan facility to $1.486 billion, which is expected to provide ample funding for future investments and expansion.
- Enhanced Financial Flexibility: The upsized loan facility grants the company greater financial flexibility to invest in organic and inorganic growth, productivity, and margin expansion, particularly in ongoing investments in AI.
- Market Confidence Demonstrated: CFO Karen Williams noted that the refinancing and upsizing reflect the strength of the company's performance and the confidence of debt investors in its outlook, further solidifying its market position.
See More
Online Travel Stocks Decline as US International Tourism Weakens
- Decline in Foreign Visitors: In 2025, the U.S. saw a 6% drop in foreign visitors, totaling 68 million, significantly lower than France's 105 million and Spain's 96.5 million, indicating a loss of competitiveness in the international tourism market.
- Decreased Spending: International tourist spending in the U.S. fell by 7%, closely linked to the decline in arrivals from key markets such as Canada, Mexico, and Europe, adversely affecting the overall tourism economy.
- Domestic Travel Resilience: Despite the weakness in international tourism, the U.S. remains the world's largest travel economy, suggesting that strong domestic travel is partially offsetting the downturn in the international market.
- Policy Impact Analysis: Analysts have pointed to backlash against U.S. immigration policy as a potential reason for the decline in foreign tourism, negatively impacting online travel companies like Airbnb, Expedia, and Booking Holdings.
See More
Ryvyl Inc Announces 1-for-35 Reverse Split, Shares Plunge 14.4%
- Reverse Split Announcement: Ryvyl Inc's announcement of a 1-for-35 reverse stock split to regain Nasdaq's $1 minimum bid compliance led to a pre-market plunge of 14.4% in share price to $0.13, indicating a significant loss of investor confidence and potential liquidity issues.
- Market Reaction: Following the reverse split news, Ryvyl's shares fell sharply, reflecting market concerns about the company's future prospects, which could hinder its ability to raise capital and maintain competitive positioning.
- Other Stock Movements: Shares of Mink Therapeutics and SMX dropped 13.4% and 8.2% respectively, illustrating a broader market sentiment decline that may negatively impact investor confidence across related sectors.
- Industry Impact: Despite NeoGenomics' 7.1% decline in share price, the appointment of industry veteran John P. Kenny to its Board may provide a strategic turning point for the company, potentially enhancing its competitive edge in the diagnostics and lab services market.
See More
American Express Global Business Travel Expands Buyback Program
- Buyback Program Expansion: American Express Global Business Travel has expanded its share repurchase program from $300 million to $600 million, reflecting the company's confidence in future growth and aiming to enhance shareholder value and market sentiment.
- Q4 Revenue Growth: The company anticipates a 34% increase in fourth-quarter revenue to $792 million, surpassing the market consensus of $789.48 million, indicating strong market demand and effective business strategies.
- Full-Year Performance Outlook: Revenue for the full year is expected to grow by 12% to $2.718 billion, with Total Transaction Value (TTV) projected to increase by 17% to $36 billion, and adjusted EBITDA expected to rise by 11% to $532 million, showcasing the company's sustained profitability and competitive position.
- Future Growth Guidance: The company has guided for FY2026 revenue growth of 19% to 21%, targeting a range of $3.235 billion to $3.295 billion, with adjusted EBITDA expected to grow between 16% to 21%, further solidifying its leadership in the industry.
See More
AMEX GBT Reports Preliminary FY Net Income of USD 111 Million, Clarifying It's Not 'Co'
Company Overview: American Express Global Business Travel (Amex GBT) is a leading travel management company.
Financial Performance: The company reported a preliminary net income of USD 111 million.
See More
American Express Global Business Travel Successfully Refinances and Upsizes Loan Facility to $1 Billion
- Successful Refinancing: American Express Global Business Travel has successfully refinanced and upsized its senior secured first lien term loan facility to $1 billion, demonstrating strong company performance and investor confidence.
- Best-in-Class Terms: The terms of this refinancing are considered best-in-class for companies with similar credit ratings, reflecting the company's opportunistic approach in a favorable credit market, enhancing its financial flexibility.
- Enhanced Integration Capability: By increasing the loan capacity, the company is better positioned to integrate CWT and execute its strategies for growth, margin expansion, and cash generation while maintaining a strong balance sheet.
- Increased Market Confidence: CFO Karen Williams stated that this financing not only enhances the company's market position but also lays a solid foundation for future growth, boosting investor confidence.
See More
American Express Global Business Travel Successfully Refinances, Upsizes Loan to $1.486 Billion
- Interest Rate Reduction: The successful refinancing has led to a 50 basis point reduction in American Express Global Business Travel's borrowing rate, now priced at SOFR plus 2.00%, significantly lowering financial costs and enhancing profitability.
- Increased Liquidity: Strong market demand enabled the company to raise an additional $100 million, increasing the loan facility to $1.486 billion, which is expected to provide ample funding for future investments and expansion.
- Enhanced Financial Flexibility: The upsized loan facility grants the company greater financial flexibility to invest in organic and inorganic growth, productivity, and margin expansion, particularly in ongoing investments in AI.
- Market Confidence Demonstrated: CFO Karen Williams noted that the refinancing and upsizing reflect the strength of the company's performance and the confidence of debt investors in its outlook, further solidifying its market position.
See More
Online Travel Stocks Decline as US International Tourism Weakens
- Decline in Foreign Visitors: In 2025, the U.S. saw a 6% drop in foreign visitors, totaling 68 million, significantly lower than France's 105 million and Spain's 96.5 million, indicating a loss of competitiveness in the international tourism market.
- Decreased Spending: International tourist spending in the U.S. fell by 7%, closely linked to the decline in arrivals from key markets such as Canada, Mexico, and Europe, adversely affecting the overall tourism economy.
- Domestic Travel Resilience: Despite the weakness in international tourism, the U.S. remains the world's largest travel economy, suggesting that strong domestic travel is partially offsetting the downturn in the international market.
- Policy Impact Analysis: Analysts have pointed to backlash against U.S. immigration policy as a potential reason for the decline in foreign tourism, negatively impacting online travel companies like Airbnb, Expedia, and Booking Holdings.
See More
Ryvyl Inc Announces 1-for-35 Reverse Split, Shares Plunge 14.4%
- Reverse Split Announcement: Ryvyl Inc's announcement of a 1-for-35 reverse stock split to regain Nasdaq's $1 minimum bid compliance led to a pre-market plunge of 14.4% in share price to $0.13, indicating a significant loss of investor confidence and potential liquidity issues.
- Market Reaction: Following the reverse split news, Ryvyl's shares fell sharply, reflecting market concerns about the company's future prospects, which could hinder its ability to raise capital and maintain competitive positioning.
- Other Stock Movements: Shares of Mink Therapeutics and SMX dropped 13.4% and 8.2% respectively, illustrating a broader market sentiment decline that may negatively impact investor confidence across related sectors.
- Industry Impact: Despite NeoGenomics' 7.1% decline in share price, the appointment of industry veteran John P. Kenny to its Board may provide a strategic turning point for the company, potentially enhancing its competitive edge in the diagnostics and lab services market.
See More
