Amex GBT doubles share buyback program to $600 million

American Express Global Business Travel (NYSE: GBTG) announced its board increased the company's share repurchase authorization to $600 million, adding $300 million to the existing program, according to a press release statement.

The business travel services company reported preliminary fourth quarter 2025 results showing revenue growth of 34% to $792 million and total transaction value growth of 45% to $10 billion. Net income reached $83 million compared to a net loss of $14 million in the prior year period.

For the full year 2025, Amex GBT posted revenue growth of 12% to $2.718 billion and total transaction value growth of 17% to $36 billion. The company generated net income of $111 million versus a net loss of $134 million in 2024.

Chief Executive Officer Paul Abbott stated the expanded share repurchase program "drives shareholder value with strong expected return on invested capital given the current share price."

The company maintained its 2026 guidance, projecting revenue growth of 19% to 21% to a range of $3.235 billion to $3.295 billion. Adjusted EBITDA is expected to grow 16% to 21% to between $615 million and $645 million.

Amex GBT completed the acquisition of CWT in September 2025. The company will release final financial results for the fourth quarter and full year on March 9, 2026.

The preliminary results are unaudited and subject to completion of financial closing procedures and internal reviews.

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