Amex GBT reported Q4 revenue of USD 792 million, up 34%, and adjusted EBITDA of USD 130 million, up 17%. Q4 gross profit was USD 431 million, up 29%, while free cash flow was USD 13 million. For FY 2025, revenue rose 12% to USD 2.72 billion and adjusted EBITDA rose 11% to USD 532 million. FY 2025 net income was USD 111 million and free cash flow fell 37% to USD 104 million. Amex GBT reiterated FY 2026 guidance for revenue of USD 3.24 billion to USD 3.3 billion and adjusted EBITDA of USD 615 million to USD 645 million, and CEO Paul Abbott cited the CWT acquisition, the SAP Concur alliance and AI initiatives to improve customer experience and reduce operating costs.
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