AXP · American Express Company

American Express Company disclosed on May 4, 2026, that it will sell its approximately 30% equity interest in Global Business Travel Group, Inc (GBTG) in connection with the acquisition of GBTG by Long Lake and General Catalyst. The transaction is expected to generate proceeds of approximately $1.5 billion and a pre-tax gain of approximately $975 million. This gain was not included in the company's previously issued FY2026 earnings guidance. American Express intends to allocate a portion of the gain toward strategic investments to position the company for continued success and return a portion to shareholders, consistent with its disciplined capital allocation approach. Importantly, the transaction does not alter the existing brand licensing and commercial agreements between American Express and GBTG, nor their commitment to serving customers. The disclosure is furnished under Item 7.01 Regulation FD and includes forward-looking statements regarding the transaction's closing and use of proceeds, subject to risks such as GBTG's ability to satisfy closing conditions.