American Express to sell GBTG stake for $1.5 billion, expects $975 million pre-tax gain
American Express said it will sell its approximately 30% equity interest in Global Business Travel Group (GBTG) as part of Long Lake and General Catalyst's agreement to acquire GBTG. Upon closing, the company expects proceeds of about $1.5 billion and a pre-tax gain of about $975 million, which was not included in its previously provided FY 2026 earnings guidance. The company plans to invest part of the gain and return part of it to shareholders, and says the brand licensing and commercial agreements are unchanged.
Key points
- Sale of an approximately 30% equity interest in GBTG, tied to Long Lake and General Catalyst's agreement to acquire GBTG (NYSE: GBTG)
- Expected proceeds of approximately $1.5 billion upon closing
- Expected pre-tax gain of approximately $975 million, not factored into prior FY 2026 earnings guidance
- Brand licensing and commercial agreements between the companies do not change; closing depends on GBTG satisfying closing conditions
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.