American Express said it will sell its approximately 30% equity interest in GBTG pursuant to Long Lake and General Catalyst's agreement to acquire Global Business Travel Group, Inc. (NYSE: GBTG).

1. 01

   American Express said it will sell its approximately 30% equity interest in GBTG pursuant to Long Lake and General Catalyst's agreement to acquire Global Business Travel Group, Inc. (NYSE: GBTG).

2. 02

   The company said that upon closing of the transaction, it expects to receive proceeds of approximately $1.5 billion and to recognize a pre-tax gain of approximately $975 million.

3. 03

   American Express said the gain was not factored into the FY 2026 earnings guidance it previously provided. It added that it expects to invest a portion of the gain to position the company for continued success and return a portion of the gain to shareholders.

4. 04

   The company said the transaction does not change its current brand licensing and commercial agreements. It noted that actual results may differ depending on GBTG's ability to satisfy closing conditions and consummate the transaction.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.