---
schema_version: "secwatch.filing_event.v1"
accession: "0001820872-25-000027"
form_type: "8-K"
ticker: "GBTG"
cik: "0001820872"
company_name: "Global Business Travel Group, Inc."
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T20:55:49.772981+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Amex GBT Q2 beats: revenue $631M, Adj EBITDA $133M; raises FY guidance; CWT closing Q3

## Summary
- Revenue $631M (+1% YoY); Adj EBITDA $133M (+4% YoY); margin 21% (+70bps).
- Raised FY2025 guidance: revenue growth 2-4%, Adj EBITDA $505-540M, FCF $140-160M.
- CWT acquisition expected to close Q3 2025; DOJ dismissed litigation.
- LTM Total New Wins Value $3.2B; customer retention rate 95%.
- Free cash flow of $27M in Q2; accelerating share repurchases.

## SEC filing metadata
- accession: 0001820872-25-000027
- form_type: 8-K
- ticker: GBTG
- cik: 0001820872
- company_name: Global Business Travel Group, Inc.
- filed_at: 2025-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820872/000182087225000027/0001820872-25-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820872/000182087225000027/gbtg-20250805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001820872-25-000027
- JSON: https://secwatch.observer/filing/0001820872-25-000027.json
- Plain text: https://secwatch.observer/filing/0001820872-25-000027.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.