Amex GBT’s Q3 2025 Growth Fueled by CWT Merger and AI Investments

American Express Global Business Travel (Amex GBT) has released its financial results for the third quarter of 2025, showing continued progress toward profitability.

The company reported revenue of $674 million, representing a 13 percent increase from $597 million in the same period last year.

Earnings per share (EPS) came in at $0.0514, up from $0.018 last year and exceeding analyst expectations by more than 20 percent, as forecasts had projected an EPS of $0.0426.

In Q3 2024, the company posted a net loss of $128 million. In contrast, Q3 2025 showed improvement, with a reduced net loss of $62 million, demonstrating progress toward narrowing losses.

Gross profit reached $388 million, up 12 percent from $347 million the previous year, supported by both revenue growth and enhanced operational efficiency.

The adjusted gross profit margin remained steady at roughly 60 percent, indicating stable profitability in the company’s core business.

Adjusted EBITDA increased by 9 percent to $128 million, compared to $118 million in Q3 2024, though the EBITDA margin slipped slightly to 19 percent from 20 percent last year.

Overall, the company demonstrated stronger profitability, reduced losses, and better cost management compared to 2024.

Amex GBT attributed its improved financial performance to the completion of its CWT acquisition and its ongoing investments in AI and digital transformation.