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NEW YORK - American Express Global Business Travel (NYSE:GBTG), a $4.24 billion market cap company with impressive gross profit margins of 61%, and SAP Concur announced on Friday a strategic alliance to transform business travel management through integrated solutions. According to InvestingPro data, GBTG maintains strong financial health with a GOOD overall rating, suggesting solid positioning for this strategic move.
The partnership will deliver a Concur Expense integration for Amex GBT Egencia customers and co-create a new solution called "Complete" that combines booking, servicing, expense, payments, and marketplace capabilities in one platform.
The Complete solution, when released, will feature AI-powered personalization, improved data analytics for policy compliance, expanded travel content, and unified account management across both companies’ systems.
"This bold step forward with SAP Concur reimagines how travel and expense solutions can deliver unprecedented value to our customers and their travelers in the AI age," said Evan Konwiser, Chief Product and Strategy Officer at Amex GBT.
Fred Fredericks, General Manager and Chief Product Officer at SAP Concur, added that the alliance "represents the future of travel and expense management" by combining SAP Concur’s technology with Amex GBT’s marketplace and service capabilities.
The companies plan to announce additional features and functionality throughout 2025, with quarterly feature releases beginning in 2026. The Complete solution will be available to members of GBT Partner Solutions and Amex GBT’s global partner networks.
The announcement, based on a press release statement, indicates the companies aim to leverage their combined data sets representing millions of trips and transactions to enhance user experiences through artificial intelligence capabilities.
In other recent news, American Express Global Business Travel reported mixed results for its second-quarter earnings in 2025. The company posted earnings per share of $0.03, falling short of the expected $0.08, marking a 62.5% miss. However, the revenue slightly exceeded forecasts, coming in at $631 million compared to the anticipated $628.43 million. Following this earnings report, BTIG raised its price target for Global Business Travel Group from $8.00 to $10.00, maintaining a Buy rating on the stock. This adjustment came after the stock surpassed BTIG’s initial target set earlier in the year. These developments highlight recent financial activities and analyst reactions surrounding Global Business Travel Group.
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