Description

Global Business Travel: From Underpenetrated SMEs to Scalable Growth—A Strategic Play With Massive Upside!

American Express Global Business Travel delivered strong financial results for the third quarter of 2025, highlighted by a 23% increase in Total Transaction Value (TTV) and a 13% rise in revenue. The company’s adjusted gross profit margin reached 60%, while adjusted EBITDA increased by 9%, supporting free cash flow generation of $38 million. Over the past year, American Express Global Business Travel reported $3.2 billion in total new contract wins and returned $54 million to shareholders through share buybacks. The quarter saw the completion of the acquisition of CWT, a significant milestone that is expected to enhance growth and value creation. The acquisition increased revenues by approximately 30% and expanded the company’s presence in the SME market by approximately 20%.