Global Business Travel Group Doubles Buyback to $600M, Shares Jump 8.9%
Global Business Travel Group shares surged 8.9% to $5.49 after the company doubled its share repurchase authorization to $600 million. Management projects FY26 revenue growth of 19%-21%, implying $3.235-$3.295 billion, and forecasts Q1 EPS of $0.02 on $786.3 million in sales.
1. Share Price Rally
Global Business Travel Group shares rallied 8.9% to close at $5.49 on above-average volume, reversing a 33.8% decline over the prior four weeks.
2. Expanded Repurchase Program
The board approved a $600 million share repurchase authorization, doubling the previous program and signaling management’s confidence in AI-enabled innovation, margin expansion and a healthy balance sheet.
3. Outlook and Forecasts
Management forecasts FY26 revenue growth of 19%-21%, equating to $3.235-$3.295 billion, and expects Q1 EPS of $0.02 on $786.29 million in revenue; consensus EPS estimates have remained unchanged over the past month.