American Express to sell GBTG stake for $1.5 billion

American Express Company (NYSE: AXP) announced it will sell its approximately 30% equity interest in Global Business Travel Group Inc. (NYSE: GBTG) as part of Long Lake and General Catalyst's agreement to acquire the company.

The transaction is expected to generate proceeds of approximately $1.5 billion for American Express, with the company anticipating a pre-tax gain of approximately $975 million upon closing.

American Express stated the gain was not included in its previously provided fiscal year 2026 earnings guidance. The company plans to invest a portion of the proceeds to support future growth while returning a portion to shareholders, consistent with its capital allocation strategy.

The divestiture will not affect existing brand licensing and commercial agreements between American Express and Global Business Travel Group, according to the company's statement. Both companies remain committed to serving their customers under current arrangements.

The announcement was made through American Express's newsroom on May 4, 2026.

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