Latest news with #GlobalBusinessTravel
Yahoo
30-05-2025
- Business
- Yahoo
Finance and HR Software Stocks Q1 Highlights: Workiva (NYSE:WK)
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let's take a look at how finance and hr software stocks fared in Q1, starting with Workiva (NYSE:WK). Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software. The 13 finance and hr software stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 1.4% while next quarter's revenue guidance was 1.1% below. In light of this news, share prices of the companies have held steady as they are up 4.6% on average since the latest earnings results. Founded in 2010, Workiva (NYSE:WK) offers software as a service product that makes financial and compliance reporting easier, especially for publicly traded corporations. Workiva reported revenues of $206.3 million, up 17.4% year on year. This print exceeded analysts' expectations by 1.1%. Overall, it was a satisfactory quarter for the company with an impressive beat of analysts' EBITDA estimates but EPS guidance for next quarter missing analysts' expectations significantly. The stock is down 10.4% since reporting and currently trades at $66.53. Is now the time to buy Workiva? Access our full analysis of the earnings results here, it's free. Originally created to process international tuition payments for universities, Flywire (NASDAQ:FLYW) is a cross border payments processor and software platform focusing on complex, high-value transactions like education, healthcare and B2B payments. Flywire reported revenues of $133.5 million, up 17% year on year, outperforming analysts' expectations by 5%. The business had a very strong quarter with a solid beat of analysts' EBITDA estimates and revenue guidance for next quarter meeting analysts' expectations. Flywire scored the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 9.8% since reporting. It currently trades at $11.03. Is now the time to buy Flywire? Access our full analysis of the earnings results here, it's free. Holding close ties to American Express, Global Business Travel (NYSE:GBTG) is a comprehensive travel and expense management services provider to corporations worldwide. Global Business Travel reported revenues of $621 million, up 1.8% year on year, falling short of analysts' expectations by 1.9%. It was a softer quarter as it posted full-year EBITDA guidance missing analysts' expectations. Global Business Travel delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 9.8% since the results and currently trades at $6.21. Read our full analysis of Global Business Travel's results here. Founded by CEO Jason Gardner in 2009, Marqeta (NASDAQ:MQ) is an innovative card issuer that provides companies with the ability to issue and process virtual, physical, and tokenized credit and debit cards. Marqeta reported revenues of $139.1 million, up 17.9% year on year. This number topped analysts' expectations by 2.4%. It was a strong quarter as it also put up an impressive beat of analysts' EBITDA estimates and a narrow beat of analysts' total payment volume estimates. Marqeta scored the fastest revenue growth among its peers. The stock is up 29.7% since reporting and currently trades at $5.31. Read our full, actionable report on Marqeta here, it's free. Created from the merger of two small workforce management companies in 2007, Asure (NASDAQ:ASUR) provides cloud based payroll and HR software for small and medium-sized businesses (SMBs). Asure reported revenues of $34.85 million, up 10.1% year on year. This result beat analysts' expectations by 1.7%. More broadly, it was a satisfactory quarter as it also produced a solid beat of analysts' EBITDA estimates. The stock is down 2.6% since reporting and currently trades at $9.52. Read our full, actionable report on Asure here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Finance and HR Software Stocks Q1 In Review: Marqeta (NASDAQ:MQ) Vs Peers
As the Q1 earnings season wraps, let's dig into this quarter's best and worst performers in the finance and hr software industry, including Marqeta (NASDAQ:MQ) and its peers. Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software. The 13 finance and hr software stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 1.4% while next quarter's revenue guidance was 1.1% below. In light of this news, share prices of the companies have held steady as they are up 4.5% on average since the latest earnings results. Founded by CEO Jason Gardner in 2009, Marqeta (NASDAQ:MQ) is an innovative card issuer that provides companies with the ability to issue and process virtual, physical, and tokenized credit and debit cards. Marqeta reported revenues of $139.1 million, up 17.9% year on year. This print exceeded analysts' expectations by 2.4%. Overall, it was a strong quarter for the company with an impressive beat of analysts' EBITDA estimates and a narrow beat of analysts' total payment volume estimates. Marqeta achieved the fastest revenue growth of the whole group. Unsurprisingly, the stock is up 28% since reporting and currently trades at $5.24. Is now the time to buy Marqeta? Access our full analysis of the earnings results here, it's free. Originally created to process international tuition payments for universities, Flywire (NASDAQ:FLYW) is a cross border payments processor and software platform focusing on complex, high-value transactions like education, healthcare and B2B payments. Flywire reported revenues of $133.5 million, up 17% year on year, outperforming analysts' expectations by 5%. The business had a very strong quarter with a solid beat of analysts' EBITDA estimates and revenue guidance for next quarter meeting analysts' expectations. Flywire pulled off the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 6.1% since reporting. It currently trades at $10.66. Is now the time to buy Flywire? Access our full analysis of the earnings results here, it's free. Holding close ties to American Express, Global Business Travel (NYSE:GBTG) is a comprehensive travel and expense management services provider to corporations worldwide. Global Business Travel reported revenues of $621 million, up 1.8% year on year, falling short of analysts' expectations by 1.9%. It was a softer quarter as it posted full-year EBITDA guidance missing analysts' expectations. Global Business Travel delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 9.1% since the results and currently trades at $6.26. Read our full analysis of Global Business Travel's results here. Created in 1983 when founder Scott Cook watched his wife struggle to reconcile the family's checkbook, Intuit provides tax and accounting software for small and medium-sized businesses. Intuit reported revenues of $7.75 billion, up 15.1% year on year. This number beat analysts' expectations by 2.6%. Overall, it was a very strong quarter as it also produced full-year EPS guidance exceeding analysts' expectations and a solid beat of analysts' EBITDA estimates. Intuit pulled off the highest full-year guidance raise among its peers. The stock is up 12.7% since reporting and currently trades at $750.46. Read our full, actionable report on Intuit here, it's free. Founded by industry veterans Aneel Bushri and Dave Duffield after their former company PeopleSoft was acquired by Oracle in a hostile takeover, Workday (NASDAQ:WDAY) provides cloud-based software for organizations to manage and plan finance and human resources. Workday reported revenues of $2.24 billion, up 12.6% year on year. This result topped analysts' expectations by 1%. Aside from that, it was a satisfactory quarter as it also recorded a solid beat of analysts' EBITDA estimates but a significant miss of analysts' billings estimates. The stock is down 12% since reporting and currently trades at $239.43. Read our full, actionable report on Workday here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Q1 Earnings Outperformers: Workday (NASDAQ:WDAY) And The Rest Of The Finance and HR Software Stocks
Quarterly earnings results are a good time to check in on a company's progress, especially compared to its peers in the same sector. Today we are looking at Workday (NASDAQ:WDAY) and the best and worst performers in the finance and hr software industry. Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software. The 13 finance and HR software stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 1.4% while next quarter's revenue guidance was 1.1% below. In light of this news, share prices of the companies have held steady as they are up 4.5% on average since the latest earnings results. Founded by industry veterans Aneel Bushri and Dave Duffield after their former company PeopleSoft was acquired by Oracle in a hostile takeover, Workday (NASDAQ:WDAY) provides cloud-based software for organizations to manage and plan finance and human resources. Workday reported revenues of $2.24 billion, up 12.6% year on year. This print exceeded analysts' expectations by 1%. Overall, it was a satisfactory quarter for the company with an impressive beat of analysts' EBITDA estimates but a significant miss of analysts' billings estimates. "Workday delivered another solid quarter, a testament to the durability of our business and the relevance of our platform as CEOs increasingly turn to us to drive efficiency, agility, and growth," said Carl Eschenbach, CEO, Workday. The stock is down 12% since reporting and currently trades at $239.43. Is now the time to buy Workday? Access our full analysis of the earnings results here, it's free. Originally created to process international tuition payments for universities, Flywire (NASDAQ:FLYW) is a cross border payments processor and software platform focusing on complex, high-value transactions like education, healthcare and B2B payments. Flywire reported revenues of $133.5 million, up 17% year on year, outperforming analysts' expectations by 5%. The business had a very strong quarter with a solid beat of analysts' EBITDA estimates and revenue guidance for next quarter meeting analysts' expectations. Flywire delivered the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 6.1% since reporting. It currently trades at $10.66. Is now the time to buy Flywire? Access our full analysis of the earnings results here, it's free. Holding close ties to American Express, Global Business Travel (NYSE:GBTG) is a comprehensive travel and expense management services provider to corporations worldwide. Global Business Travel reported revenues of $621 million, up 1.8% year on year, falling short of analysts' expectations by 1.9%. It was a softer quarter as it posted full-year EBITDA guidance missing analysts' expectations. Global Business Travel delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 9.1% since the results and currently trades at $6.26. Read our full analysis of Global Business Travel's results here. Founded in 2010, Workiva (NYSE:WK) offers software as a service product that makes financial and compliance reporting easier, especially for publicly traded corporations. Workiva reported revenues of $206.3 million, up 17.4% year on year. This result topped analysts' expectations by 1.1%. Aside from that, it was a satisfactory quarter as it also recorded an impressive beat of analysts' EBITDA estimates. The company added 24 enterprise customers paying more than $100,000 annually to reach a total of 2,079. The stock is down 9.5% since reporting and currently trades at $67.19. Read our full, actionable report on Workiva here, it's free. Founded by CEO Jason Gardner in 2009, Marqeta (NASDAQ:MQ) is an innovative card issuer that provides companies with the ability to issue and process virtual, physical, and tokenized credit and debit cards. Marqeta reported revenues of $139.1 million, up 17.9% year on year. This print beat analysts' expectations by 2.4%. Overall, it was a strong quarter as it also logged a solid beat of analysts' EBITDA estimates and a narrow beat of analysts' total payment volume estimates. Marqeta pulled off the fastest revenue growth among its peers. The stock is up 28% since reporting and currently trades at $5.24. Read our full, actionable report on Marqeta here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
GBTG Q1 Earnings Call: Revenue Misses Expectations as Management Cuts Full-Year Guidance
B2B travel services company Global Business Travel (NYSE:GBTG) fell short of the market's revenue expectations in Q1 CY2025 as sales only rose 1.8% year on year to $621 million. On the other hand, the company expects next quarter's revenue to be around $625 million, close to analysts' estimates. Its non-GAAP profit of $0.16 per share was 6.6% below analysts' consensus estimates. Is now the time to buy GBTG? Find out in our full research report (it's free). Revenue: $621 million vs analyst estimates of $633.3 million (1.8% year-on-year growth, 1.9% miss) Adjusted EPS: $0.16 vs analyst expectations of $0.17 (6.6% miss) Adjusted Operating Income: $55 million vs analyst estimates of $99.25 million (8.9% margin, 44.6% miss) The company dropped its revenue guidance for the full year to $2.43 billion at the midpoint from $2.53 billion, a 3.8% decrease EBITDA guidance for the full year is $510 million at the midpoint, below analyst estimates of $551.9 million Operating Margin: 8.9%, up from 2.6% in the same quarter last year Free Cash Flow Margin: 4.2%, down from 5.6% in the previous quarter Transaction Value: 8.35 billion, up 244 million year on year Market Capitalization: $2.92 billion Global Business Travel's Q1 results reflected the impact of a softer macroeconomic environment, as management pointed to slower-than-anticipated organic transaction growth and flat demand across several customer segments. CEO Paul Abbott highlighted that growth was stronger among global multinational clients and in premium travel services, while small and medium enterprise (SME) customers continued to tighten spending. Abbott stated, 'Transaction growth was relatively stronger with global multinational customers, up 6% in the quarter… SME growth remained slower at 2%.' Looking ahead, the company lowered its full-year outlook, citing persistent economic uncertainty and stabilized but subdued transaction growth trends. CFO Karen Williams noted that despite incremental cost savings and productivity gains—including increased automation and AI investments—the revised guidance assumes current demand conditions persist. Williams explained, 'Our approach to guidance is based on a weaker economy and built on the assumption that the flat transaction growth we have seen over March and April continues.' Management attributed the quarter's underperformance to weaker organic transaction growth, particularly among SME customers, and a moderated demand environment. Despite these challenges, the company reported margin expansion and highlighted operational efficiencies as key positives. Premium travel demand: Growth in premium and international travel outpaced domestic volumes, with higher average ticket prices and premium hotel occupancy supporting revenue per transaction. SME segment softening: SME customers remained cautious, with tightened budgets leading to lower organic transaction growth, although new customer wins provided some offset. Digital adoption and efficiency: 81% of transactions occurred via digital channels, with a growing mix of higher-margin bookings through proprietary platforms such as Neo and Egencia. Management emphasized that this digital shift has driven both productivity and cost savings. Cost control measures: Adjusted operating expenses declined despite ongoing investments in technology and sales, as management increased its annual cost savings target to $110 million for 2025, up from $95 million previously. CWT merger update: The company amended its merger agreement with CWT, reducing the number of shares to be issued and extending the transaction timeline. Management reiterated confidence in closing the deal by the end of 2025, pending litigation outcomes. Management's outlook for the rest of the year centers on cautious assumptions: stable but muted demand, further cost containment, and continued investment in digital transformation to drive margin expansion and maintain competitiveness. Macro-driven demand risk: Ongoing economic uncertainty is expected to keep transaction growth flat, with management watching for any material changes in corporate travel policies or broader economic indicators. Margin expansion focus: Increased automation and AI investments are projected to support further operating leverage and offset headwinds from softer top-line growth. The company expects to maintain high-single-digit operating margins. Share gains from new wins: Management anticipates continued share gains from new contract wins, especially in the SME segment, to partially offset weaker organic growth. Peter Christiansen (Citigroup): Asked about signs of clients trading down to less expensive travel options. CEO Paul Abbott replied that premium travel demand remained stable, with no significant shift to cheaper alternatives observed. Lee Horowitz (Deutsche Bank): Inquired about the trajectory of macro trends and whether conditions had stabilized. Abbott noted most clients are in a "wait-and-see mode," with only moderate changes in travel budgets or policies. Stephen Ju (UBS): Questioned how GBTG can strengthen its value proposition amid elongated sales cycles. Abbott emphasized the company's ability to deliver cost savings and complete spend visibility, which becomes more attractive during economic slowdowns. Duane Pfennigwerth (Evercore ISI): Sought details on regional performance differences, particularly between the U.S. and other markets. Abbott said international and premium travel segments outperformed domestic, with overall trends stable across regions. Yehuda Silverman (Morgan Stanley): Asked about potential changes in customer budget restrictions and investment levels. Abbott explained that unless macro conditions worsen, further tightening is unlikely; Williams clarified that investment reductions reflect productivity gains, not decreased commitment. Looking ahead, the StockStory team will monitor (1) the pace of new contract wins, particularly among SME customers, (2) the success of digital channel adoption and associated margin improvements, and (3) the resolution of the CWT merger process, including regulatory and legal developments. Additionally, we will track any shifts in corporate travel budgets or demand patterns that could alter the company's revenue trajectory. Global Business Travel currently trades at a forward price-to-sales ratio of 1.2×. In the wake of earnings, is it a buy or sell? Find out in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Travel Weekly
06-05-2025
- Business
- Travel Weekly
American Express GBT touts its value during 'weaker economic environment'
American Express Global Business Travel reported decreased demand in the first quarter and lowered its earnings guidance for Q2, but CEO Paul Abbott remained optimistic about the company's outlook amid uncertainty. "There is obviously more economic uncertainty, and as a result, less full-year visibility, but we have delivered strong Q1 results and a solid guide for Q2," Abbott said Tuesday on the Q1 earnings call. "Our approach to a slower-growth environment is to remain laser focused on what we can control: share gains, margin expansion, cash generation and driving shareholder returns." Abbott noted "a slower demand environment" in Q1 but argued that "our value proposition to provide customers more savings and control over their travel spend becomes even more valuable in a weaker economic environment." In the first quarter, GBT's revenue increased 2% year over year to $621 million. It recorded net income of $75 million compared to a net loss of $19 million in last year's Q1. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was up 15% to $141 million. CFO Karen Williams said headwinds are coming from "slower macroeconomic growth and its impact on our organic transaction volume," not tariffs. Williams said there has been recent stabilization, with transaction growth trending flat year over year. "This is down roughly 5 percentage points versus our expectations coming into the year, but we are not seeing any further signs of deterioration," she said. GBT updated its guidance for the second quarter, Williams said, based on the assumption that flat transaction growth GBT saw in March and April continues. For the second quarter, GBT is predicting revenue will land somewhere between $615 to $635 million. On the low end that is a 2% decrease, and on the high end a 2% increase. During the call, an analyst asked what GBT's clients are expecting in the second quarter, and if any are talking about recession or positive growth. Abbott said companies' outlooks varied by industry. In Q1, financial services and technology saw double-digit growth rates, for instance, while business services were "around the mean." Other sectors more exposed to tariffs, like energy, mining, marine and automotive, saw softer quarters. "But I think when you look at the overall picture, you step back and look at the survey results from those top 100 customers, I would say the main takeaway is most customers are in a sort of wait-and-see mode," Abbott said. "They're not overreacting to the situation." Update on CWT acquisition GBT (No. 3 on Travel Weekly's Power List) is currently in the process of attempting to acquire CWT (No. 5 on the Power List). The transaction hit a bump in the road in January when the Department of Justice filed a lawsuit seeking to block it. Since then, GBT has amended the terms of the deal, extending is timeline for completion to Dec. 31 and reducing the value of the transaction from $570 million to $540 million. During the earnings call, Eric Bock, GBT's global head of mergers and acquisitions, said the case is currently in the fact-discovery process, expected to wrap by early June. It has a trial start date of Sept. 8. Bock said GBT expects the trial to be completed by the end of September or October, and if the company is successful, the deal will close by the end of the year.
