2025 State of Business Travel and Expense Report

This report is the Fourth Annual Review of TravelBank User Data covering travel and expenses across 45,000 companies for the year 2025. It analyzes travel bookings and over 200,000 random expenses submitted from July 1, 2024, through June 30, 2025. The report reveals significant shifts in business travel and expense trends, noting that employee spending habits have evolved to resemble consumer patterns. Major findings include that Amazon has become the top expensed merchant, indicating a shift in how businesses manage travel and expenses. The report also highlights the increasing prevalence of expense claims related to general retailers and BNPL apps. Additionally, it discusses the implications of these trends on corporate expense policies, which often leave gray areas and potential loopholes. Organizations are urged to reassess their expense management practices to ensure compliance and control over rising costs in T&E management.