Delisted
GBTA's stock was delisted from OTC on September 29, 2026.
GBTA filed to terminate its SEC registration on October 9, 2026.
The business overview below summarizes the 10-K filed March 9, 2026, which predates these events.
Sources: 25-NSE (Sep 29, 2026) , 15-12G (Oct 9, 2026)
Business Summary
Global Business Travel Group (NYSE: GBTG), operating as American Express Global Business Travel (Amex GBT), is a leading global travel management company (TMC) providing corporate travel booking, management, and consulting services. In FY2025, the company generated $36.3 billion in Total Transaction Value (TTV), $2.72 billion in revenue, $111 million in net income, and $532 million in Adjusted EBITDA. Headquartered in London with over 27,000 employees, Amex GBT maintains a proprietary presence in 49 countries representing approximately 92% of global business travel spend, with a 96% client retention rate.
Products & Services
- Travel Management Services (79% of revenue): Transaction-based corporate travel booking and management including air, hotel, ground transportation, and rail; volume-linked fees from travel suppliers and Global Distribution Systems (GDSs); 83% of bookings processed through digital channels in 2025
- Product & Professional Services (21% of revenue): Management fees for dedicated staffing, meetings and events...
AI-generated summary of Item 1 (Business) from the 10-K filed Mar 9, 2026 — View filing on SEC.gov. May contain errors — refer to the filing for authoritative information.
Across SEC filings
Institutional holders · 13F
Q2 2026| Largest holders | Reported value |
|---|---|
| AMERICAN EXPRESS CO | $1.5B |
| BlackRock Inc | $464.7M |
| Apollo Management Holdings L P | $203.9M |
| REDWOOD CAPITAL MANAGEMENT LLC | $103.3M |
| NEXPOINT ASSET MANAGEMENT L P | $76.0M |
Annual results · 10-K
Fiscal 2025- Revenue
- $2.7B
- Net income
- $111.0M
As reported in the fiscal 2025 annual report.
Funds & ETFs · N-PORT
175 funds| Fund | Value | % of fund |
|---|---|---|
| Nexpoint Merger Arbitrage Fund | $73.9M | 4.96% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND VTI | $46.9M | < 0.01% |
| VANGUARD SMALL-CAP INDEX FUND VB | $33.7M | 0.02% |
| iShares Russell 2000 ETF IWM | $31.1M | 0.04% |
| VANGUARD SMALL-CAP GROWTH INDEX FUND VBK | $19.6M | 0.04% |
| Fidelity Small Cap Index Fund | $13.0M | 0.04% |
| VANGUARD EXTENDED MARKET INDEX FUND | $12.9M | 0.01% |
| iShares Russell 2000 Value ETF IWN | $10.4M | 0.07% |
| First Trust Merger Arbitrage Fund | $10.0M | 0.61% |
| Fidelity Enhanced Small Cap Core ETF FESM | $8.2M | 0.14% |
175 funds reported holding $366.2M in total on their latest public Form N-PORT reports, the most recent dated August 2026. Security record
Insider trades · Form 4
Latest filings
- American Express Co 2026-10-01 -
- Kathleen A Winters 2026-09-29 -
- John Edward Pelant 2026-09-29 Award
- Susan F Ward 2026-09-29 -
- Michael Gregory Ohara 2026-09-29 -
5%+ holders · 13D/G
3 filers| Filer | % of class | Filed |
|---|---|---|
| Expedia Group Inc 13D | 14.3% | 2026-05-05 |
| BlackRock Portfolio Management LLC 13D | 7.5% | 2026-05-05 |
| Apollo Principal Holdings A GP Ltd 13D | 4.4% | 2026-02-20 |
Latest Schedule 13D or 13G from each filer; stakes a filer has reported closed are left out.