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Revenue increased $106 million, or 22%, versus the same period in 2022. (in millions, except percentages unaudited) This positive momentum gives us the confidence to raise our full-year 2023 guidance.” Specifically, we delivered strong SME growth, including yet more traction in the unmanaged segment, and record SME new wins. Paul Abbott, Amex GBT’s Chief Executive Officer, stated: “We reported strong second quarter 2023 results, including the highest quarterly revenue in our company’s history and strong Adjusted EBITDA growth, and reached a huge milestone returning to positive Free Cash Flow ahead of projections. Raised Adjusted EBITDA1 guidance to a range of $365 million – $385 million. Approximately 30% of LTM SME New Wins Value came from the unmanaged category.

LTM SME New Wins Value4 totaled $2.3 billion per annum, a record for the Company. LTM Total New Wins Value4 totaled $3.4 billion per annum. Total transactions grew 12% versus Q2 2022. Significant New Wins and Continued Share Gains Net cash provided by operating activities totaled $46 million. Net loss totaled $(55) million, with a net loss margin of (9)%. Adjusted EBITDA1 totaled $106 million, an increase of 126% versus Q2 2022, with an Adjusted EBITDA Margin2 of 18%. Revenue totaled $592 million, an increase of 22% versus Q2 2022. (NYSE: GBTG) (“Amex GBT” or the “Company”), the world’s leading B2B travel platform, today announced financial results for the second quarter ended June 30, 2023. American Express Global Business Travel Reports Record Revenue in Q2 2023 and Raises GuidanceĪmerican Express Global Business Travel, which is operated by Global Business Travel Group, Inc.

American express global business travel jersey city nj address