Global Business Travel Group, Inc. is a technology and services company operating in the United States, the United Kingdom, and internationally. It offers the Amex GBT marketplace for fares and rates, along with travel solutions such as Amex GBT Egencia, Complete by SAP Concur and Amex GBT, and Amex GBT Neo. The company also provides Amex GBT Select, Amex GBT Ovation, and CWTSatoTravel, as well as professional services including Amex GBT Meetings & Events and Amex GBT Consulting. Its AI-powered platform delivers virtual assistants, personalized recommendations, automatic rate optimization, savings identification, traveler insights, fare analysis, and data analytics. Founded in 2014, it is headquartered in London, the United Kingdom.
Amex GBT Names Drew Crawley CEO as Paul Abbott Moves to Long Lake
American Express Global Business Travel announced a planned leadership transition, with President Drew Crawley succeeding Paul Abbott as Chief Executive Officer effective immediately. Abbott, who led Amex GBT for the past seven years, will move to a new role as Operating Partner with Long Lake, the company's partner. During Abbott's tenure, Amex GBT navigated the global pandemic, acquired Egencia and CWT, went public in 2022, and completed the world's first AI-focused take-private deal. Crawley joined Amex GBT six years ago and has led its commercial functions, including all customer relationships and supplier partnerships, adding global operations and technology earlier this year; he previously served as Chairman and Chief Executive Officer of IAG Loyalty and Chief Executive Officer of IAG Cargo, and spent a decade at British Airways. Long Lake Chief Executive Officer Alex Taubman said Abbott's expertise will continue with the firm while Crawley's leadership and industry relationships position Amex GBT for the future.
Global Business Travel Group to Be Acquired for $9.50 per Share
Gabelli Investment Management Firm recently released its 'ABC Fund' second-quarter 2026 investor letter, highlighting that Long Lake Management agreed to acquire Global Business Travel Group, Inc. (NYSE:GBTG) for $9.50 per share in cash on May 4. The shareholder meeting is scheduled for August 3, and the transaction, which remains subject to regulatory approvals, is expected to close in the second half of 2026. GBTG, a software and services company for travel, expense, and meetings & events, traded around $9.48 per share on September 3, 2026, with a market capitalization of about $4.96 billion. The fund's letter also noted that global announced M&A value reached a record $2.85 trillion in the first half of 2026, up 50% year-over-year, and that the fund's Class I shares returned 2.08% in the quarter, outperforming the Lipper U.S. Treasury Bill Index's 0.84% return.
GBTG · Capital · Positive Long Lake Management agreed to acquire Global Business Travel Group for $9.50 per share in cash, a takeover/M&A event.
Long Lake · Capital · Neutral Long Lake Management is named as the acquirer of GBTG, but no details on the deal's impact on Long Lake itself are given.
Global Business Travel Group Q2 Revenue Rises 37.9% to $870 Million
Global Business Travel Group reported second-quarter revenue of $870 million, a 37.9% increase from $631 million in the same period last year. Net income was $15 million, or $0.03 per share, compared with $13 million, or $0.03 per share, a year earlier.
Global Business Travel Group Stockholders Approve Long Lake Merger Agreement
Global Business Travel Group stockholders approved the merger agreement with Long Lake, under which the company would become a wholly owned subsidiary of Gaia Purchaser. The preliminary vote at a special virtual meeting showed approval of the merger proposal, with 466,895,035 shares represented out of 522,373,443 outstanding Class A shares, establishing a quorum. Stockholders also approved, on a non-binding advisory basis, merger-related compensation arrangements for named executive officers. A third proposal to adjourn the meeting was not presented, as sufficient votes had already been received. Final certified results are expected in a Form 8-K filing within four business days, and the meeting may have been the company's final stockholder meeting.
StockStory flags Kulicke and Soffa, Lamb Weston, and American Express Global Business Travel as profitable but risky
StockStory identifies three profitable companies that may face headwinds. Kulicke and Soffa, with a trailing 12-month GAAP operating margin of 6.7%, has seen annual sales decline 3.9% over five years and a 20.2 percentage point drop in free cash flow margin. Lamb Weston, at a 9.3% margin, faces flat revenue expectations and a 9.8% annual EPS contraction over three years. American Express Global Business Travel, with a 2.7% margin, grew revenue 12.5% annually over two years but saw its operating margin fall 3.7 percentage points as expenses rose.
MediaAlpha Touted as Russell 2000 Breakout Pick, While America's Car-Mart and Amex GBT Are Flagged to Avoid
StockStory highlights MediaAlpha as a Russell 2000 stock to watch this week, citing its 69.6% annual revenue growth over two years and 410% annual earnings per share increase. The insurance customer-acquisition platform, with a market cap of $505.5 million, is seen continuing its strong trajectory based on sales outlook. In contrast, the firm advises steering clear of America's Car-Mart, whose earnings per share fell 31.2% annually due to share issuance, and American Express Global Business Travel, which faces declining operating margins and a gross margin of 59%.
Finance and HR software stocks beat Q1 revenue estimates but shares fall 7.5% on average
Finance and HR software stocks reported a satisfactory first quarter, with revenues beating analysts' consensus estimates by 1.9% and next-quarter revenue guidance coming in 0.6% above expectations. Among the 12 companies tracked, Marqeta posted revenues of $165.8 million, up 19.2% year on year and exceeding estimates by 0.9%, while Flywire delivered the strongest performance with revenues of $184 million, up 42.9% and beating estimates by 7.2%. American Express Global Business Travel reported revenues of $840 million, up 35.3% and topping estimates by 3.3%, but missed EBITDA estimates significantly. Despite the revenue beats, share prices across the group have fallen 7.5% on average since the earnings releases, with Marqeta down 12.7%, BILL down 12.2%, and Paylocity down 7.4%, while Flywire bucked the trend with a 10.1% gain.
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