Global Business Travel Group (GBTG), operator of American Express Global Business Travel, reported second-quarter 2026 revenue of $870 million, up 38% from $631 million a year earlier. Net income was $17 million, up 14%, and diluted income per share attributable to Class A common stockholders was $0.03.
The company said results included the impact of acquisitions for Q2 2026 only. Shareholders approved the proposed acquisition of the company by Long Lake Management on Aug. 3, 2026, and the merger is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.
- Revenue increased 38% to $870 million.
- Net income increased 14% to $17 million.
- Total operating expenses rose 42% to $846 million.
- Adjusted EBITDA was $178 million, up 34%.
- Net cash from operating activities was $142 million, up 153%.
- Free cash flow was $103 million, up 281%.
- LTM Total New Wins Value accelerated to $3.5 billion, with major new wins including Google, Koch and Pfizer.
- Customer retention rate was 95%, including CWT.
$GBTG Insider Trading Activity
$GBTG insiders have traded $GBTG stock on the open market 14 times in the past 6 months. Of those trades, 0 have been purchases and 14 have been sales.
Here’s a breakdown of recent trading of $GBTG stock by insiders over the last 6 months:
- ERIC J. BOCK (See remarks) has made 0 purchases and 5 sales selling 1,215,916 shares for an estimated $11,368,064.
- PAUL G ABBOTT (Chief Executive Officer) has made 0 purchases and 4 sales selling 973,045 shares for an estimated $9,099,792.
- EVAN KONWISER (See remarks) sold 356,222 shares for an estimated $3,327,113
- JOHN DAVID THOMPSON (Chief Technology Officer) has made 0 purchases and 2 sales selling 217,928 shares for an estimated $1,642,975.
- JAMES PETER BUSH sold 17,500 shares for an estimated $163,800
- KAREN A WILLIAMS (Chief Financial Officer) sold 10,000 shares for an estimated $93,500
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$GBTG Hedge Fund Activity
We have seen 83 institutional investors add shares of $GBTG stock to their portfolio, and 89 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 38,925,310 shares (+399.0%) to their portfolio in Q1 2026, for an estimated $217,203,229
- BLACKBARN CAPITAL PARTNERS LP added 2,000,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $11,160,000
- MILLENNIUM MANAGEMENT LLC removed 1,495,535 shares (-89.1%) from their portfolio in Q1 2026, for an estimated $8,345,085
- DIMENSIONAL FUND ADVISORS LP added 936,989 shares (+28.2%) to their portfolio in Q1 2026, for an estimated $5,228,398
- PAR CAPITAL MANAGEMENT INC added 803,390 shares (+91.0%) to their portfolio in Q1 2026, for an estimated $4,482,916
- MONARCH ALTERNATIVE CAPITAL LP added 661,418 shares (+9.3%) to their portfolio in Q1 2026, for an estimated $3,690,712
- MIRABELLA FINANCIAL SERVICES LLP removed 505,685 shares (-88.1%) from their portfolio in Q2 2026, for an estimated $4,748,382
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
