American Express to Sell 30% Stake in GBTG for $1.5B, Expecting $975M Gain

American Express announced it will sell its approximately 30% equity interest in Global Business Travel Group, Inc. (GBTG) as part of GBTG's acquisition by Long Lake and General Catalyst. The sale is expected to generate significant proceeds and a pre-tax gain for American Express that was not previously included in its 2026 earnings guidance.

Key Details

• Expected Proceeds: Approximately $1.5 billion upon closing of the transaction.
• Expected Gain: A pre-tax gain of approximately $975 million, which was not factored into the company's full-year 2026 earnings guidance.
• Capital Allocation: The company plans to invest a portion of the gain back into the business and return a portion to shareholders.
• Partnership Status: The transaction does not alter the current brand licensing and commercial agreements between American Express and GBTG.