GBTG

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Global Business Travel Group (GBTG) recently reported second quarter 2026 earnings, with sales of US$870 million and net income of US$15 million. This keeps investor attention on how the business converts rising sales into profit. See our latest analysis for Global Business Travel Group. Global Business Travel Group's latest earnings sit alongside a 25.5% year to date share price return. Meanwhile, the 1 year total shareholder return of 22.4% and 3 year total shareholder return of 39.4% suggest momentum has built over a multi year period. If you are assessing how GBTG fits into your portfolio, it can help to compare it with other companies using a dedicated screener such as 18 top founder-led companies Bulls point to Global Business Travel Group's revenue growth and year-to-date rally. Bears highlight the modest earnings per share and mixed six-month profit trend. Which side does the current valuation support next? The most followed narrative for Global Business Travel Group places fair value at $9.50 a share versus the last close of $9.44. That difference relies heavily on long term earnings power rather than short term sentiment. Read the complete narrative. Want to see what sits behind that change in earnings for Global Business Travel Group? The narrative refers to steadier revenue, much higher margins and a slimmer earnings multiple that still implies value on those projections. Result: Fair Value of $9.50 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Global Business Travel Group still faces risks if virtual meeting tools limit corporate travel volumes, or if client concentration pressures margins and earnings stability. Find out about the key risks to this Global Business Travel Group narrative. The earlier narrative suggests Global Business Travel Group looks undervalued around a fair value of $9.50. However, the current P/E of 56x is far above the US Hospitality sector on 21.9x, and only slightly below a fair ratio of 56.9x. That points to limited room for error if earnings disappoint. For a closer look at how this compares with peers and where the market could shift over time, See what the numbers say about this price — find out in our valuation breakdown. With Global Business Travel Group showing both risks and rewards in this narrative, it may be useful to review the underlying data now and test your own thesis using 3 key rewards and 3 important warning signs. If you want broader context around Global Business Travel Group, use screeners to spot other stocks that fit your risk, income, and quality preferences. Target potential mispriced opportunities by checking out 49 high quality undervalued stocks that match your comfort level on quality and valuation. Strengthen the income side of your portfolio by reviewing 8 dividend fortresses offering higher yields with a focus on resilience. Reduce surprises in your holdings by filtering for 85 resilient stocks with low risk scores that score well on financial stability and volatility. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include GBTG. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Global Business Travel Group, Inc. (GBTG) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -25.00%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.05, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Global Business Travel Group, Inc., which belongs to the Zacks Internet - Software industry, posted revenues of $870 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 6.06%. This compares to year-ago revenues of $631 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Global Business Travel Group, Inc. shares have added about 23.3% since the beginning of the year versus the S&P 500's gain of 11%. While Global Business Travel Group, Inc. has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Global Business Travel Group, Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.01 on $798.15 million in revenues for the coming quarter and $0.18 on $3.28 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Affirm Holdings (AFRM), another stock in the same industry, has yet to report results for the quarter ended June 2026. This operator of digital commerce platform is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +65%. The consensus EPS estimate for the quarter has been revised 2.5% higher over the last 30 days to the current level. Affirm Holdings' revenues are expected to be $1.11 billion, up 26.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Global Business Travel Group, Inc. (GBTG) : Free Stock Analysis Report Affirm Holdings, Inc. (AFRM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

NEW YORK, August 04, 2026--(BUSINESS WIRE)--American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense and meetings & events, today reported second quarter 2026 financial results. Results include the impact of acquisitions for Q2 2026 only. Paul Abbott, Chief Executive Officer: "We delivered strong growth and commercial and product success. Total New Wins Value accelerated to $3.5 billion, with double-digit SME growth and major wins with Google, Koch and Pfizer, while maintaining an impressive 95% customer retention rate. Our new product innovations are clearly resonating with customers, including our proprietary agent-to-agent architecture, our Egencia AI connector in Claude and enhancements for Complete by SAP Concur and Amex GBT." Business Highlights Strong growth and financial performance. Delivered revenue growth of 38% with Adjusted Gross Profit Margin of 59% and Adjusted EBITDA of $178 million. Continued commercial progress. LTM Total New Wins Value accelerated to $3.5 billion, including major new wins with Google, Koch and Pfizer. Maintained strong customer retention rate of 95%, including CWT. Strong momentum in SME, with LTM SME New Wins Value of $2.3 billion, up 11% year-over-year. Product innovation. Launched Egencia AI connector in Claude, one of the business travel industry's first agentic integrations enabling both travelers and enterprise AI agents to book and manage policy-compliant air and hotel transactions without leaving the tools they already work in. Also expanded Egencia's conversational AI into Google Chat and a conversational AI pilot in Microsoft Teams for Neo customers. Egencia integration with Concur Expense is now live for all customers. SAP Strategic Alliance. 83% of eligible joint customers are now using Complete by SAP Concur and Amex GBT, the new, AI-powered flagship solution for travel and expense. A new set of innovations for Complete have been launched that help travelers navigate disruptions more easily, give travel managers greater visibility into program performance and make it easier for organizations to capture more value from their travel investments. Second Quarter 2026 Operational & Financial Highlights(Changes compared to prior year period unless otherwise noted) TTV growth of 57% and Transaction Growth of 45%. Revenue of $870 million increased 38%. Within this, Travel Revenue increased 38% due to acquisition impacts, growth in business travel demand and share gains. Product and Professional Services Revenue increased 38%. Excluding the impact of acquisitions, revenue growth was 10%. Total operating expenses of $846 million increased 42%, primarily due to the impact of acquisitions, increased cost of revenue to drive growth and increased investments in technology, content, sales and marketing, partially offset by $18 million of cost transformation benefits and $14 million of CWT net synergies, which was in line with expectations. Additionally, there were restructuring costs related to achievement of CWT synergies and broader cost transformation and higher depreciation and amortization. Net income of $17 million increased 14%. Revenue growth and higher benefit from income taxes were offset by higher operating expenses, including restructuring costs related to achieving CWT synergies and broader cost transformation initiatives, and unfavorable movement on earnout derivative liabilities. Net cash from operating activities of $142 million increased 153% primarily due to favorable working capital timing and lower cash taxes. Free Cash Flow of $103 million increased 281%, due to higher net cash from operating activities, partially offset by increased investments in purchase of property and equipment. Shareholder approval for the proposed acquisition of the Company by Long Lake Management (the "Merger") was obtained on August 3, 2026. The Merger is expected to close in the second half of 2026, subject to satisfaction of customary closing conditions, including receipt of regulatory approvals. Glossary of Terms See the "Glossary of Terms" for the definitions of certain terms used within this press release. About American Express Global Business Travel American Express Global Business Travel (Amex GBT) is a leading software and services company for travel, expense, and meetings & events. We have built the most valuable marketplace in travel with the most comprehensive and competitive content. A choice of solutions brought to you through a strong combination of technology and people, delivering the best experiences. With travel professionals and business partners in more than 140 countries, our solutions deliver savings, flexibility, and service from a brand you can trust – Amex GBT. Visit amexglobalbusinesstravel.com for more information about Amex GBT. Follow @amexgbt on LinkedIn and Instagram. Additional Information and Disclosures Glossary of Terms AI refers to Artificial Intelligence. CWT refers to CWT Holdings, LLC. Customer retention rate is calculated based on traded Total Transaction Value in the quarter versus the same period in the prior year. LTM refers to the last twelve months ended June 30, 2026. GMN refers to Global & Multinational Enterprises and SME refers to Small and Medium-sized Enterprises. For organizational management purposes, Amex GBT divides the customer base into these two general categories, generally on the basis of annual TTV, although this measure can vary by country and by customer preference. Amex GBT offers all products and services to all sizes of customer, as customers of all sizes may prefer different solutions. SME New Wins Value is calculated using expected annual Total Transaction Value (TTV) over the contract term from all SME new client wins over the last twelve months. Total New Wins Value is calculated using expected annual Total Transaction Value (TTV) over the contract term from all new client wins over the last twelve months. Total Transaction Value or TTV refers to the sum of the total price paid by travelers for air, hotel, rail, car rental and cruise bookings, including taxes and other charges applied by suppliers at point of sale, less cancellations and refunds. Transaction Growth represents year-over-year increase or decrease as a percentage of the total transactions, including air, hotel, car rental, rail or other travel-related transactions, recorded at the time of booking, and is calculated on a net basis to exclude cancellations, refunds and exchanges. To calculate year-over-year growth or decline, we compare the total number of net transactions in the comparative previous period/ year to the total number of net transactions in the current period/year in percentage terms. We have presented Transaction Growth on a net basis to exclude cancellations, refunds and exchanges as management believes this better aligns Transaction Growth with the way we measure TTV and earn revenue. Prior period Transaction Growth percentages have been recalculated and represented to conform to current period presentation. Non-GAAP Financial Measures We report our financial results in accordance with GAAP. Our non-GAAP financial measures are provided in addition, and should not be considered as an alternative, to other performance or liquidity measures derived in accordance with GAAP. Non-GAAP financial measures have limitations as analytical tools, and you should not consider them either in isolation or as a substitute for analyzing our results as reported under GAAP. In addition, because not all companies use identical calculations, the presentations of our non-GAAP financial measures may not be comparable to other similarly titled measures of other companies and can differ significantly from company to company. Management believes that these non-GAAP financial measures provide users of our financial information with useful supplemental information that enables a better comparison of our performance or liquidity across periods. In addition, we use certain of these non-GAAP financial measures as performance measures as they are important metrics used by management to evaluate and understand the underlying operations and business trends, forecast future results and determine future capital investment allocations. We also use certain of our non-GAAP financial measures as indicators of our ability to generate cash to meet our liquidity needs and to assist our management in evaluating our financial flexibility, capital structure and leverage. These non-GAAP financial measures supplement comparable GAAP measures in the evaluation of the effectiveness of our business strategies, to make budgeting decisions, and/or to compare our performance and liquidity against that of other peer companies using similar measures. We define Adjusted Gross Profit as revenue less cost of revenue (excluding depreciation and amortization). We define Adjusted Gross Profit Margin as Adjusted Gross Profit divided by revenue. We define EBITDA as net income (loss) before interest income, interest expense, gain (loss) on early extinguishment of debt, benefit from (provision for) income taxes and depreciation and amortization. We define Adjusted EBITDA as net income (loss) before interest income, interest expense, gain (loss) on early extinguishment of debt, benefit from (provision for) income taxes and depreciation and amortization and as further adjusted to exclude costs that management believes are non-core to the underlying business of the Company, consisting of restructuring, exit and related charges, integration costs, costs related to mergers and acquisitions, non-cash equity-based compensation and related employer taxes, long-term incentive plan costs, certain corporate costs, fair value movements on earnout derivative liabilities, foreign currency gains (losses) and non-service components of net periodic pension benefit (costs). We define Adjusted EBITDA Margin as Adjusted EBITDA divided by revenue. We define Adjusted Operating Expenses as total operating expenses excluding depreciation and amortization and costs that management believes are non-core to the underlying business of the Company, consisting of restructuring, exit and related charges, integration costs, costs related to mergers and acquisitions, non-cash equity-based compensation and related employer taxes, long-term incentive plan costs and certain corporate costs. Adjusted Gross Profit, Adjusted Gross Profit Margin, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Operating Expenses are supplemental non-GAAP financial measures of operating performance that do not represent and should not be considered as alternatives to gross profit, net income (loss) or total operating expenses, as determined under GAAP. In addition, these measures may not be comparable to similarly titled measures used by other companies. These non-GAAP measures have limitations as analytical tools, and these measures should not be considered in isolation or as a substitute for analysis of the Company’s results or expenses as reported under GAAP. Some of these limitations are that these measures do not reflect: changes in, or cash requirements for, our working capital needs or contractual commitments; our interest expense, or the cash requirements to service interest or principal payments on our indebtedness; our tax expense, or the cash requirements to pay our taxes; recurring, non-cash expenses of depreciation and amortization of property and equipment and definite-lived intangible assets and, although these are non-cash expenses, the assets being depreciated and amortized may have to be replaced in the future; the non-cash expense of stock-based compensation, which has been, and will continue to be for the foreseeable future, an important part of how we attract and retain our employees and a significant recurring expense in our business; restructuring, mergers and acquisition and integration costs, all of which are intrinsic to our acquisitive business model; and impact on earnings or changes resulting from matters that are non-core to our underlying business, as we believe they are not indicative of our underlying operations. Adjusted Gross Profit, Adjusted Gross Profit Margin, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Operating Expenses should not be considered as a measure of liquidity or as a measure determining discretionary cash available to us to reinvest in the growth of our business or as measures of cash that will be available to us to meet our obligations. We believe that the adjustments applied in presenting Adjusted Gross Profit, Adjusted Gross Profit Margin, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Operating Expenses are appropriate to provide additional information to investors about certain material non-cash and other items that management believes are non-core to our underlying business. We use these measures as performance measures as they are important metrics used by management to evaluate and understand the underlying operations and business trends, forecast future results and determine future capital investment allocations. These non-GAAP measures supplement comparable GAAP measures in the evaluation of the effectiveness of our business strategies, to make budgeting decisions, and to compare our performance against that of other peer companies using similar measures. We also believe that Adjusted Gross Profit, Adjusted Gross Profit Margin, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Operating Expenses are helpful supplemental measures to assist potential investors and analysts in evaluating our operating results across reporting periods on a consistent basis. We define Free Cash Flow as net cash from (used in) operating activities, less cash used for additions to property and equipment. We believe Free Cash Flow is an important measure of our liquidity. This measure is a useful indicator of our ability to generate cash to meet our liquidity demands. We use this measure to conduct and evaluate our operating liquidity. We believe it typically presents an alternate measure of cash flow since purchases of property and equipment are a necessary component of our ongoing operations and it provides useful information regarding how cash provided by operating activities compares to the property and equipment investments required to maintain and grow our platform. We believe Free Cash Flow provides investors with an understanding of how assets are performing and measures management’s effectiveness in managing cash. Free Cash Flow is a non-GAAP measure and may not be comparable to similarly named measures used by other companies. This measure has limitations in that it does not represent the total increase or decrease in the cash balance for the period, nor does it represent cash flow for discretionary expenditures. This measure should not be considered as a measure of liquidity or cash flow from operations as determined under GAAP. This measure is not a measurement of our financial performance under GAAP and should not be considered in isolation or as an alternative to net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of liquidity. We define Net Debt as total debt outstanding consisting of the current and non-current portion of long-term debt, net of unamortized debt discount and unamortized debt issuance costs, minus cash and cash equivalents. Net Debt is a non-GAAP measure and may not be comparable to similarly named measures used by other companies. This measure is not a measurement of our indebtedness as determined under GAAP and should not be considered in isolation or as an alternative to assess our total debt or any other measures derived in accordance with GAAP or as an alternative to total debt. Management uses Net Debt to review our overall liquidity, financial flexibility, capital structure and leverage. Further, we believe that certain debt rating agencies, creditors and credit analysts monitor our Net Debt as part of their assessment of our business. Forward-Looking Statements Certain statements made in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and are subject to the safe harbor created thereby under the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide our current expectations or forecasts of future events. Forward-looking statements include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "will," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this release are based on our current expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, the following risks, uncertainties and other factors: (1) changes to projected financial information or our ability to achieve our anticipated growth rate and execute on industry opportunities; (2) our ability to maintain our existing relationships with clients and suppliers and to compete with existing and new competitors; (3) various conflicts of interest that could arise among us, affiliates and investors; (4) our success in retaining or recruiting, or changes required in, our officers, key employees or directors; (5) factors relating to our business, operations and financial performance, including market conditions and global and economic factors beyond our control; (6) the impact of geopolitical conflicts, including the war in Ukraine, the conflicts in the Middle East, tensions between China and Taiwan and military operations in Venezuela, as well as related changes in base interest rates, inflation and significant market volatility on our business, the travel industry, travel trends and the global economy generally; (7) the sufficiency of our cash, cash equivalents and investments to meet our liquidity needs; (8) the effect of a prolonged or substantial decrease in global travel on the global travel industry; (9) political, social and macroeconomic conditions (including the widespread adoption of teleconference and virtual meeting technologies which could reduce the number of in-person business meetings and demand for travel and our services); (10) the effect of legal, tax and regulatory changes; (11) the impact of any future acquisitions including the integration of any acquisition; (12) costs related to, or the inability to recognize the anticipated benefits of our merger with CWT; (13) risks related to the business of CWT or unexpected liabilities that may arise in connection with the integration of CWT into our business; (14) the outcome of any legal proceedings that may be instituted against the Company in connection with the merger with CWT or the proposed Merger; (15) the ability to complete the proposed Merger on the anticipated terms and timing, or at all, including obtaining required regulatory approvals and the satisfaction of other conditions to the completion of the proposed Merger; (16) the ability to achieve the cost reductions contemplated by our business strategy after the completion of the Merger; (17) the risk that disruptions from the proposed Merger (such as the ability of certain customers of the Company to terminate or amend contracts upon a change of control, or to withhold consent to such change of control) will harm the Company’s business, including current plans and operations, during the pendency, and following the completion of, the proposed Merger; (18) the diversion of management’s time and attention from ordinary course business operations to completion of the proposed Merger; (19) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed Merger; (20) contractual provisions that may impact the Company’s ability to pursue certain business opportunities or strategic transactions during the pendency, and/or following the completion of, the proposed Merger; (21) the occurrence of any event, change, or other circumstance that could give rise to the termination of the proposed Merger; (22) those risks and uncertainties found in the Company’s filings with the U.S. Securities and Exchange Commission (the "SEC"), including the risk factors discussed in the Company’s most recent Annual Report on Form 10-K, as updated by its Quarterly Reports on Form 10-Q and future filings with the SEC from time to time, which are available via the SEC’s website at www.sec.gov; and (23) those risks and uncertainties that are described in the definitive proxy statement that was filed with the SEC on July 6, 2026 in connection with the Merger. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. These factors should not be construed as exhaustive and should be read in conjunction with the other forward-looking statements. The forward-looking statements relate only to events as of the date on which the statements are made. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Disclaimer An investment in Global Business Travel Group, Inc. is not an investment in American Express. American Express shall not be responsible in any manner whatsoever for, and in respect of, the statements herein, all of which are made solely by Global Business Travel Group, Inc. View source version on businesswire.com: https://www.businesswire.com/news/home/20260804630662/en/ Contacts Investor Contact: Jennifer Thorington, [email protected] Media Contact: Megan Kat, [email protected]

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at finance and hr software stocks, starting with American Express Global Business Travel (NYSE:GBTG). Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software. The 12 finance and HR software stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 1.7% while next quarter’s revenue guidance was in line. While some finance and HR software stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3.2% since the latest earnings results. Originally spun off from American Express in 2014 but maintaining the Amex GBT brand, Global Business Travel Group (NYSE:GBTG) provides end-to-end business travel and expense management solutions, connecting corporate clients with travel suppliers and offering specialized software services. American Express Global Business Travel reported revenues of $840 million, up 35.3% year on year. This print exceeded analysts’ expectations by 1.4%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts’ EBITDA estimates. Interestingly, the stock is up 1.8% since reporting and currently trades at $9.51. Read our full report on American Express Global Business Travel here, it’s free. Initially created to solve the challenges of international student tuition payments, Flywire (NASDAQ:FLYW) provides specialized payment processing and software solutions that help educational institutions, healthcare systems, travel companies, and businesses manage complex payments. Flywire reported revenues of $184 million, up 42.9% year on year, outperforming analysts’ expectations by 7.2%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA and revenue estimates. Flywire achieved the biggest analyst estimate beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 10.2% since reporting. It currently trades at $16.02. Is now the time to buy Flywire? Access our full analysis of the earnings results here, it’s free. Operating in the often-overlooked smaller metropolitan markets where HR expertise can be scarce, Asure Software (NASDAQ:ASUR) provides cloud-based human capital management software and services that help small and medium-sized businesses manage payroll, taxes, time tracking, and HR compliance. Asure Software reported revenues of $42.76 million, up 22.7% year on year, exceeding analysts’ expectations by 2.1%. Still, it was a slower quarter as it posted revenue and EBITDA guidance for next quarter missing analysts’ expectations significantly. As expected, the stock is down 2.9% since the results and currently trades at $8.79. Read our full analysis of Asure Software’s results here. Originally named after its founding product "Intuitive for the first-time user," Intuit (NASDAQ:INTU) provides financial management software and services including TurboTax, QuickBooks, Credit Karma, and Mailchimp to help consumers and small businesses manage their finances. Intuit reported revenues of $8.56 billion, up 10.4% year on year. This print was in line with analysts’ expectations. Overall, it was a strong quarter as it also produced EPS guidance for next quarter exceeding analysts’ expectations and full-year EPS guidance exceeding analysts’ expectations. Intuit had the weakest performance against analyst estimates among its peers. The stock is down 18.4% since reporting and currently trades at $313.33. Read our full, actionable report on Intuit here, it’s free. Born from the vision to eliminate tedious manual spreadsheet work for accountants, BlackLine (NASDAQ:BL) provides cloud-based software that automates and streamlines financial close, intercompany accounting, and invoice-to-cash processes for accounting departments. BlackLine reported revenues of $183.2 million, up 9.7% year on year. This number surpassed analysts’ expectations by 1.2%. Zooming out, it was a mixed quarter as it also logged a solid beat of analysts’ EBITDA estimates but decelerating customer growth. The company lost 93 customers and ended up with a total of 4,301. The stock is down 16.6% since reporting and currently trades at $26.97. Read our full, actionable report on BlackLine here, it’s free. Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure? These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.

In late April 2026, American Express reported higher first-quarter net income of US$2,971 million and reaffirmed its 2026 guidance, while also completing a US$1.75 billion fixed-to-floating bond issue and progressing a large share repurchase program totaling US$16.06 billion since 2023. At the same time, the company enhanced its Gold Card benefits without raising the US$325 annual fee and stood to realize about US$1.50 billion in cash plus a US$975 million pre-tax gain from the agreed sale of its stake in Global Business Travel Group, underscoring how product refreshes and portfolio moves support its fee-based and balance sheet strategies. We’ll now consider how stronger-than-expected earnings alongside richer Gold Card rewards might influence American Express’s existing investment narrative. AI is about to change healthcare. These 33 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. To own American Express, you generally need to believe its premium, fee‑driven model can keep attracting high‑spending customers while controlling rewards and servicing costs. The latest quarter’s stronger earnings and reaffirmed 2026 guidance support that view, but richer Gold Card perks highlight a key short term tension: higher rewards and engagement spending versus protecting margins. Competitive pressure in premium cards and evolving payment habits remain the biggest near term risks, and this news does not materially change that risk balance. The Gold Card refresh, with 5X points on prepaid hotels and an unchanged US$325 annual fee, directly connects to the core catalyst of deepening engagement with affluent and younger cardmembers. It may reinforce the narrative of fee growth and retention, but it also ties into concerns about rising rewards expenses if spending patterns weaken. Against that backdrop, the sizable ongoing share buyback and fresh US$1.75 billion bond issue underline how management is still leaning into capital deployment around this thesis. Yet while these upgrades sound positive, investors should also be aware of how rising rewards costs could pressure margins if spending slows... Read the full narrative on American Express (it's free!) American Express' narrative projects $85.7 billion revenue and $13.5 billion earnings by 2028. This requires 10.6% yearly revenue growth and a $3.5 billion earnings increase from $10.0 billion today. Uncover how American Express' forecasts yield a $378.94 fair value, a 19% upside to its current price. Some of the lowest ranked analysts were already assuming revenue of about US$94.8 billion and earnings of roughly US$14.0 billion by 2029, which is a more cautious view than the consensus. When you set that against today’s richer Gold Card benefits and higher rewards costs, you can see how their more pessimistic narrative on margin pressure could gain traction, so it is worth comparing these assumptions with your own expectations. Explore 9 other fair value estimates on American Express - why the stock might be worth as much as 39% more than the current price! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your American Express research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision. Our free American Express research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate American Express' overall financial health at a glance. The market won't wait. These fast-moving stocks are hot now. Grab the list before they run: Find 48 companies with promising cash flow potential yet trading below their fair value. Invest in the nuclear renaissance through our list of 91 elite nuclear energy infrastructure plays powering the global AI revolution. Capitalize on the AI infrastructure supercycle with our selection of the 38 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AXP. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Global Business Travel Group, Inc. (GBTG) came out with quarterly earnings of $0.05 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +11.11%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.06, delivering a surprise of +200%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Global Business Travel Group, Inc., which belongs to the Zacks Internet - Software industry, posted revenues of $840 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 4.18%. This compares to year-ago revenues of $621 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Global Business Travel Group, Inc. shares have lost about 22.5% since the beginning of the year versus the S&P 500's gain of 5.6%. While Global Business Travel Group, Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Global Business Travel Group, Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.04 on $812.12 million in revenues for the coming quarter and $0.18 on $3.23 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Snap (SNAP), is yet to report results for the quarter ended March 2026. The results are expected to be released on May 6. This company behind Snapchat is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of +125%. The consensus EPS estimate for the quarter has been revised 27.6% higher over the last 30 days to the current level. Snap's revenues are expected to be $1.52 billion, up 11.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Global Business Travel Group, Inc. (GBTG) : Free Stock Analysis Report Snap Inc. (SNAP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Wrapping up Q4 earnings, we look at the numbers and key takeaways for the finance and hr software stocks, including American Express Global Business Travel (NYSE:GBTG) and its peers. Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software. The 12 finance and hr software stocks we track reported a strong Q4. As a group, revenues beat analysts’ consensus estimates by 1.8% while next quarter’s revenue guidance was in line. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. Originally spun off from American Express in 2014 but maintaining the Amex GBT brand, Global Business Travel Group (NYSE:GBTG) provides end-to-end business travel and expense management solutions, connecting corporate clients with travel suppliers and offering specialized software services. American Express Global Business Travel reported revenues of $792 million, up 34% year on year. This print exceeded analysts’ expectations by 0.5%. Despite the top-line beat, it was still a mixed quarter for the company with full-year guidance of accelerating revenue growth but full-year EBITDA guidance slightly missing analysts’ expectations. Unsurprisingly, the stock is down 3.8% since reporting and currently trades at $5.52. Is now the time to buy American Express Global Business Travel? Access our full analysis of the earnings results here, it’s free. Initially created to solve the challenges of international student tuition payments, Flywire (NASDAQ:FLYW) provides specialized payment processing and software solutions that help educational institutions, healthcare systems, travel companies, and businesses manage complex payments. Flywire reported revenues of $152.7 million, up 35.4% year on year, outperforming analysts’ expectations by 5.9%. The business had an exceptional quarter with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ revenue estimates. Flywire achieved the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 6.8% since reporting. It currently trades at $12.00. Is now the time to buy Flywire? Access our full analysis of the earnings results here, it’s free. Pioneering the concept of employees doing their own payroll with its "Beti" technology, Paycom (NYSE:PAYC) provides cloud-based human capital management software that helps businesses manage the entire employment lifecycle from recruitment to retirement. Paycom reported revenues of $544.3 million, up 10.2% year on year, in line with analysts’ expectations. It was a slower quarter as it posted full-year revenue guidance missing analysts’ expectations significantly and full-year guidance of slowing revenue growth. Interestingly, the stock is up 5.4% since the results and currently trades at $125.12. Read our full analysis of Paycom’s results here. Nicknamed "the Excel killer" by some finance professionals for its ability to eliminate spreadsheet chaos, Workiva (NYSE:WK) provides a cloud-based platform that enables organizations to streamline financial reporting, ESG, and compliance processes with connected data and automation. Workiva reported revenues of $238.9 million, up 19.5% year on year. This number beat analysts’ expectations by 1.6%. Overall, it was a very strong quarter as it also produced a solid beat of analysts’ billings estimates and EPS guidance for next quarter exceeding analysts’ expectations. The company added 135 enterprise customers paying more than $100,000 annually to reach a total of 2,507. The stock is up 2.5% since reporting and currently trades at $60.77. Read our full, actionable report on Workiva here, it’s free. Transforming the messy back-office financial operations that plague small business owners, BILL (NYSE:BILL) provides a cloud-based platform that automates accounts payable, accounts receivable, and expense management for small and midsize businesses. BILL reported revenues of $414.7 million, up 14.4% year on year. This result surpassed analysts’ expectations by 3.7%. It was an exceptional quarter as it also put up EPS guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates. The stock is up 11.8% since reporting and currently trades at $39.89. Read our full, actionable report on BILL here, it’s free. Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure? These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.

American Express Global Business Travel’s fourth quarter saw revenue growth driven by continued digital adoption and the integration of CWT, though the market responded negatively. Management emphasized that AI-powered automation and a high customer retention rate were central to performance. CEO Paul Abbott stated, “AI is increasing self-service…and reducing operating costs,” highlighting the company’s focus on operational efficiency and product innovation. The consolidation of CWT also contributed to top-line growth, but this addition temporarily weighed on margins. Is now the time to buy GBTG? Find out in our full research report (it’s free). Revenue: $792 million vs analyst estimates of $787.9 million (34% year-on-year growth, 0.5% beat) Adjusted EPS: $0.15 vs analyst expectations of $0.17 (9.1% miss) Adjusted Operating Income: $29 million vs analyst estimates of $86.33 million (3.7% margin, 66.4% miss) EBITDA guidance for the upcoming financial year 2026 is $630 million at the midpoint, below analyst estimates of $635.3 million Operating Margin: 3.7%, down from 5.1% in the same quarter last year Market Capitalization: $2.91 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Stephen Ju (UBS) asked about the pace of AI-driven improvements in Egencia and potential for rollout to CWT. Chief Product and Strategy Officer Evan Kaumizer explained that Egencia’s chat deflection rate is expected to rise with broader AI capabilities, and CEO Paul Abbott added that similar performance is targeted for Complete and Neo platforms. Jake Cunningham (Evercore ISI) requested regional and industry breakdowns, and updates on the government business. CEO Paul Abbott said that the Middle East situation and the U.S. government shutdown created short-term volume shifts, but core demand remained solid and government business improved as shutdown effects eased. Jake Cunningham (Evercore ISI) further inquired about early results from the SAP Complete partnership. Kaumizer reported positive early feedback on product rollout and noted that 90–95% of joint customers are expected to use Complete this year. Greg Parrish (Morgan Stanley) questioned the drivers of projected margin expansion. CFO Karen Williams pointed to AI-enabled cost reductions and agent productivity improvements, while Abbott emphasized that automation tailwinds have historically driven profit growth. Greg Parrish (Morgan Stanley) also asked about underlying business growth excluding CWT. Williams highlighted strong performance in both SME and global multinational segments, with some FX tailwinds and favorable supplier timing influencing results. Over the next few quarters, the StockStory team will watch (1) the pace and impact of Egencia AI and broader AI tool adoption across the platform, (2) progress in CWT synergy capture and its effect on both margins and free cash flow, and (3) the resilience of core travel demand amid potential geopolitical and macroeconomic disruptions. Underlying momentum in customer retention and new product launches will also be key areas of focus. American Express Global Business Travel currently trades at $5.48, down from $5.74 just before the earnings. Is there an opportunity in the stock?See for yourself in our full research report (it’s free for active Edge members). WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don't just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses. But our AI platform says the party isn't over. Find out which 9 stocks made the cut this week — FREE. Get Our Top 9 Market-Beating Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.

This article first appeared on GuruFocus. Total Transaction Value (TTV): Grew 17% for the year and 45% in Q4, reaching $10 billion. Revenue Growth: Increased by 12% for the year and 34% in Q4, reaching $792 million. Adjusted Gross Profit Margin: 60% for the full year. Adjusted EBITDA: Grew 11% for the year and 17% in Q4, reaching $130 million. Free Cash Flow: Generated $104 million for the full year. Customer Retention Rate: Maintained at 96%. New Wins Value (Excluding CWT): Accelerated to $3.3 billion. Leverage Ratio: Net debt divided by last 12 months adjusted EBITDA is 1.9 times. Share Repurchase Authorization: Doubled to $600 million. 2026 Revenue Guidance: $3.235 billion to $3.295 billion, reflecting 19% to 21% growth. 2026 Adjusted EBITDA Guidance: $615 million to $645 million, reflecting 16% to 21% growth. 2026 Free Cash Flow Guidance: $125 million to $155 million. Warning! GuruFocus has detected 4 Warning Signs with GBTG. Is GBTG fairly valued? Test your thesis with our free DCF calculator. Release Date: March 09, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Global Business Travel Group Inc (NYSE:GBTG) delivered strong financial results in 2025, with a 17% growth in Total Transaction Value (TTV) and a 12% increase in revenue. The company maintained a high customer retention rate of 96% and achieved new wins valued at $3.3 billion, excluding the acquisition of CWT. GBTG's strategic partnership with SAP Concur and the launch of new AI-powered solutions like Egencia AI are expected to enhance customer experience and operational efficiency. The acquisition of CWT is expected to bring significant synergies, with a projected $155 million in cost savings, and the integration is progressing well. The company doubled its share repurchase authorization to $600 million, reflecting confidence in its long-term growth trajectory and commitment to shareholder value. The integration of CWT has temporarily impacted margins, as CWT operates at lower margins pre-synergies. The Middle East conflict poses a risk to revenue, as the region represents approximately 5% of GBTG's revenue. There is uncertainty regarding the long-term impact of the US government shutdown on the company's operations. The company's guidance does not account for prolonged impacts from geopolitical conflicts, which could affect future performance. Despite strong growth, the company faces challenges in maintaining momentum amidst macroeconomic uncertainties and competitive pressures. Q: Can you provide more details on the AI improvements for Egencia and how they might be applied to CWT? A: Evan Konwiser, Chief Product and Strategy Officer, explained that 57% of chats are resolved without human intervention, largely due to non-transactional inquiries. With the full agentic launch of transactions, this number is expected to increase significantly. Paul Abbott, CEO, added that Egencia is the most advanced platform in terms of AI capabilities, and the goal is to bring Complete and Neo to similar levels of performance, including CWT customers. Q: Are there any regional or industry highlights for Q4 and early 2026, and has there been any improvement in the government business? A: Paul Abbott noted that the US government shutdown impacted Q4, but volumes have improved since its resolution. The Middle East situation is a significant regional trend, initially increasing transaction volumes due to disruptions. The Middle East represents about 5% of revenues, and the impact on forward bookings will depend on the situation's duration. Q: Can you share any early successes from the SAP Complete partnership? A: Evan Konwiser stated that the rollout of joint customers onto Complete began in Q4 and is progressing well, with expectations to have 90-95% of joint customers using Complete this year. Positive feedback has been received, and new product updates will be announced at the SAP Concur Fusion Conference. Q: What are the drivers behind the expected 150-200 basis points annual gross profit margin expansion through 2030? A: Karen Williams, CFO, highlighted that AI efficiency savings, particularly in servicing and agent productivity, are key drivers. Paul Abbott added that the existing pricing structure incentivizes self-serve transactions, which have historically driven profit growth and margin expansion. AI is expected to enhance this trend further. Q: Can you break down the 8% growth excluding CWT in the quarter? A: Karen Williams mentioned strong growth in both SME and global multinational sales, with a slight FX tailwind. The fourth quarter typically sees higher yields due to supply timing, contributing to the growth. The underlying business momentum and margin expansion were also strong. For the complete transcript of the earnings call, please refer to the full earnings call transcript.