Amex GBT Delivers Strong Q2 with Revenue Surging 38% to $870M; Shareholders Greenlight $9.50/Share Buyout
GBTG sits 90% above its 52-week low of $4.955 on light trading volume (0.3× avg).
Summary
Amex GBT reported Q2 revenue of $870M (+38% YoY) and Adjusted EBITDA of $178M, alongside shareholder approval of its $9.50/share buyout by Long Lake Management. The merger is expected to close in H2 2026 pending regulatory approvals.
Key Events · Earnings and Guidance · GBTG
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Q2 Revenue Jumps 38% to $870M
Revenue reached $870 million, up 38% year-over-year, with Travel Revenue up 38% and Product & Professional Services Revenue up 38%. Excluding acquisitions, organic revenue growth was 10%.
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Adjusted EBITDA Rises 34% to $178M
Adjusted EBITDA of $178 million represented a 34% increase, with margin holding at 21%. Free Cash Flow surged 281% to $103 million, driven by higher operating cash flow.
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Shareholders Approve $9.50/Share Buyout
On August 3, 2026, shareholders voted 99.98% in favor of the acquisition by Long Lake Management at $9.50 per share. The merger is expected to close in the second half of 2026, subject to regulatory approvals.
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Commercial Momentum: $3.5B in New Wins
LTM Total New Wins Value accelerated to $3.5 billion, including major wins with Google, Koch, and Pfizer. Customer retention remained strong at 95%, including CWT.
Analysis · GBTG · Energy & Transportation
Global Business Travel Group turned in a powerful second quarter, as revenue jumped 38% to $870 million and Adjusted EBITDA climbed 34% to $178 million, fueled by acquisitions and organic expansion. The results come just one day after shareholders overwhelmingly approved the $9.50 per share acquisition by Long Lake Management, clearing a major hurdle toward closing in the second half of 2026. The combination of robust operating momentum and near-certain deal completion reinforces the investment thesis, though the stock already trades near the deal price, limiting further upside.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 35.6% of the 1100 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GBTG was trading at $9.40 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.9B. The 52-week trading range was $4.96 to $9.54. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.