NYSE$GBTG

Global Business Travel Group I · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

American Express Global Business Travel reported financial results for the second quarter of 2022 and raised full-year guidance.

American Express Global Business Travel reported strong revenue and earnings trends in Q2 2022, driven by the recovery in business travel transactions. The company's revenue increased significantly compared to the same period in 2021, and Adjusted EBITDA improved. Based on the strong first half of the year and continued share gains, the company raised its full-year 2022 guidance.

  • Business travel transactions continued to recover, reaching 76% of 2019 pro forma levels in June.
  • The company reported positive Adjusted EBITDA.
  • Over the past twelve months, $4.2 billion of new wins value were signed, and customer retention remained very high.
  • The company raised its full-year 2022 guidance.

Headline financials

Total Revenue

$486M

No prior period
EPS (adj)

$0.00

Previous: $0.01-100.0%
Adjusted EBITDA margin

0.0%

No prior period
Capital Expenditures

-$42M

No prior period
Free Cash Flow

-$44M

No prior period
Net Income

-$2M

Previous: $1.32M-251.7%
Operating Income

-$19M

Previous: -$1.32M-1344.4%
Gross Profit

$486M

Previous: $0.00
Cash & Equivalents

$446M

No prior period
Total Assets

$3.85B

No prior period
Stock-Based Comp

$5M

No prior period

Revenue & EPS history

GBTG · Revenue · Quarterly

$486M

Q2 2022
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

GBTG · $485M total across 2 segments · Q2 2022

  • Travel revenue
    $388M+403.9%
  • Products & services
    $97M+32.9%

Forward guidance

The increases in 2022 Guidance are driven primarily by an increase in expectations for revenue recovery due to improved transaction recovery, which reached 76% of 2019 pro forma levels in June 2022. Forward-looking guidance does not include impact of a potential recession.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 13 quarterly earnings reports

Historical avg

+0.0%

Avg return

Earnings day

-2.7%

Avg return

5 days after

+4.1%

Avg return

30 days after

30%

6 / 20 earnings

Positive

+16.7%

Q2 2024

Best reaction

-10.4%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%-1.2%-1.2%
Q4 2025+1.4%-3.1%-3.8%
Q3 2025-3.8%-9.8%-1.0%
Q1 2025-10.4%-15.4%-5.7%
Q4 2024-5.9%-6.3%-14.6%
Q3 2024+0.7%+7.6%+23.0%
Q2 2024+16.7%+9.8%+17.1%
Q1 2024-4.3%-4.0%+5.9%
Q4 2023-0.5%-1.6%+5.3%
Q3 2023+2.4%-2.0%+10.7%
Q2 2023+7.5%+6.3%-13.3%
Q1 2023+9.0%+8.7%+39.5%
Q4 2022-10.0%-12.3%-4.3%
Q3 2022-0.2%-14.0%-0.2%
Q2 2022
Q1 2022-0.2%
Q4 2021+0.0%
Q4 2020-0.3%
Q3 2021-0.1%
Q2 2021+0.0%
Q1 2021-0.8%
Q3 2020

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