AXP News & Events

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.

American Express (AXP) is selling its remaining stake in American Express Global Business Travel (GBTG) for about $1.5B, reinforcing its strategy of exiting non-core assets to focus on its core card and network business, with expected EPS accretion and additional flexibility for buybacks and reinvestment into higher-return opportunities, BofA tells investors in a research note. The firm, which has a Buy rating and $387 price target on American Express, sees the deal as a positive.

The James Beard Foundation announced American Express and Resy as its official credit card and reservations platform as well as presenting sponsor of the 2026 James Beard Awards, embarking on a strategic, long-term partnership. Beginning this month, the transformative multi-year partnership will support the James Beard Awards and comprehensive suite of James Beard Foundation flagship programs and events. The partnership is rooted in a shared belief in the power and potential of independent restaurants, and a commitment to the people who make them possible.