By Elias Schisgall
Shares of American Express Global Business Travel rose after the company swung to a profit in the fourth quarter, beating Wall Street estimates, and doubled its stock buyback authorization.
Shares were up 7.3% to $5.41 in Tuesday morning trading. Shares have fallen 39% in the past year.
The enterprise travel software and services company on Tuesday recorded a profit of $83 million, compared to a loss of $14 million in the same period last year.
Fourth-quarter revenue rose 34% to $792 million, the company said.
Analysts surveyed by FactSet were expecting revenue of $789.5 million and a profit of $19.8 million.
The company also said its board had doubled the capacity of its stock buyback to $600 million, which Chief Executive Officer Paul Abbott attributed to confidence in the company's ability to drive growth and innovation.
"Our upsized share repurchase authorization drives shareholder value with strong expected return on invested capital given the current share price," Abbott said. "It also signals management's confidence in our fundamental AI advantages and opportunities."
For the current year, the company said it is expecting revenue to grow between 19% and 21% to between $3.24 billion and $3.3 billion. It's expecting adjusted earnings before interest, taxes, depreciation, and amortization of between $615 million and $645 million.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
February 17, 2026 11:15 ET (16:15 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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