The company posted a net profit of $83 million for the quarter, reversing a $14 million loss from the prior year. Revenue jumped 34% to $792 million, surpassing the $789.5 million forecast by analysts. This performance sparked a 7.3% rally in early trading, though the stock remains down roughly 39% over the last year.
In section Market Quotes
Amex Global Business Travel Surges on Q4 Profit and $600M Buyback
American Express Global Business Travel (GBT) shares climbed Tuesday after the company swung to a fourth-quarter profit that significantly outperformed Wall Street expectations. The travel management leader reported robust revenue growth and doubled its share repurchase program to $600 million, reflecting executive optimism regarding its AI-driven strategy and market position.
Strategic Growth and AI Integration
CEO Paul Abbott tied the expanded buyback to the firm's capacity for innovation and its "fundamental AI advantages." According to the company, the increased authorization is intended to drive shareholder value through strong returns on invested capital. The move suggests management believes the market is currently undervaluing the firm's long-term efficiency gains and technological investments.For the full year, Amex GBT expects revenue to reach between $3.24 billion and $3.3 billion, representing growth of up to 21%. The company also projected adjusted EBITDA in the range of $615 million to $645 million, signaling a continued recovery in the enterprise travel sector.
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