Global Business Travel Group Inc (NYSE:GBTG)

Q3 2025 Global Business Travel Group Inc Earnings Call Transcript

Nov 10, 2025 / 02:00 PM GMT

Release Date Price: $7.65 (-3.89%)

Transcript 10-Q8-K

Key Points

Positve

Total transaction value (TTV) grew by 23%, indicating strong business performance.
Revenue growth accelerated to 13%, with an adjusted gross profit margin of 60%.
The acquisition of CWT is expected to generate $155 million in net cost synergies over the next three years.
A strategic alliance with SAP Concur is expected to strengthen the company's value proposition and accelerate growth.
The company has a high customer retention rate of 95% and significant new wins valued at $3.2 billion over the last 12 months.

Negative

The adjusted EBITDA margin decreased by 70 basis points year-over-year due to the impact of the CWT acquisition.
Free cash flow generation declined year-over-year, largely due to the impact of CWT.
The integration of CWT has temporarily stepped down margins on a blended basis.
Revenue yield declined by 40 basis points year-over-year, driven by the prior year baseline.
The company faces challenges in the SME segment with higher churn rates compared to global multinationals.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GBTG.N - Global Business Travel Group Inc
Q3 2025 Global Business Travel Group Inc Earnings Call
Nov 10, 2025 / 02:00PM GMT

=====================
Conference Call Participants
=====================
* Jennifer Thorington
Global Business Travel Group Inc - Vice President, Investor Relations
* Paul Abbott
Global Business Travel Group Inc - Chief Executive Officer, Director
* Karen Williams
Global Business Travel Group Inc - Chief Financial Officer
* Lee Horowitz
Deutsche Bank AG - Research Analyst
* Duane Pfennigwerth
Evercore Inc - Analyst
* Stephen Ju
UBS AG - Analyst
* Toni Kaplan
Morgan Stanley - Analyst

=====================
Presentation
--------------------------------------------------------------------------------
Operator [1]
--------------------------------------------------------------------------------
Good morning, and welcome to the American Express Global Business Travel Third Quarter 2025

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.