Corpay (CPAY) came out with quarterly earnings of $5.36 per share, beating the Zacks Consensus Estimate of $5.33 per share. This compares to earnings of $4.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.56%. A quarter ago, it was expected that this provider of fuel card and payment products for businesses would post earnings of $4.98 per share when it actually produced earnings of $5, delivering a surprise of 0.40%.Over ...

Q4 2024 Earnings Release Supplement Refer to earnings release dated February 5, 2025 for further information ^ - dark blue-teal #00B5E2 ^ - light raspberry #981239 ^ - dark raspberry #981239 ^ - light blue-teal #59CBE8 ^ - cool gray 1 #E6E8E7 ^ - maroon #3D1628 Q4 Safe Harbor Provision 2024 ^ This presentation contains forward-looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about Corpay's (formerly known as Fleetcor Technol ...

Financial Performance - Corpay reported fourth quarter organic revenue growth of 12% and adjusted EPS growth of 21%, exceeding mid-term growth targets [2]. - Full year Corporate Payments growth was 20%, with total revenues increasing by 10% to $3,974.6 million in 2024 compared to $3,757.7 million in 2023 [6][7]. - Adjusted EBITDA for 2024 rose by 7% to $2,129.0 million, up from $1,994.2 million in 2023 [5]. - Fourth quarter adjusted net income increased by 18% to $383.2 million, compared to $326.1 million in the same quarter of 2023 [6]. - Adjusted net income per diluted share for 2024 increased by 12% to $19.01, compared to $16.92 in 2023 [11]. - Revenues for Q4 2024 reached $1,034,431, a 10% increase from $937,320 in Q4 2023 [24]. - Net income for the year ended December 31, 2024, was $1,003,732, reflecting a 2% increase from $981,890 in 2023 [28]. - Operating income for the year was $1,787,157, an 8% increase from $1,656,873 in 2023 [24]. - Basic earnings per share for the year increased to $14.27, up 6% from $13.42 in 2023 [24]. - Total net revenues for Q4 2024 were $1,034.4 million, a 10% increase from $937.3 million in Q4 2023 [38]. Future Projections - For fiscal year 2025, Corpay projects sales growth of approximately 20% and revenue growth of 10% to 12% [8]. - First quarter 2025 organic revenue growth is expected to be between 8% to 10%, with adjusted EPS growth projected at 9% to 11% [9]. - Corpay's updated financial guidance for 2025 includes total revenues projected between $4,350 million and $4,450 million [12]. - The company expects to generate approximately $1.5 billion in free cash flow in 2025, providing significant capital allocation flexibility [8]. - The company expects full-year 2025 net income guidance between $1,174 million and $1,224 million, with adjusted net income projected between $1,482 million and $1,532 million [44]. Segment Performance - Corporate Payments segment revenues surged by 38% to $346.2 million in Q4 2024 compared to $251.1 million in Q4 2023 [33]. - Vehicle Payments segment revenues decreased slightly to $497.7 million in Q4 2024, down 0.4% from $499.8 million in Q4 2023, but increased by 8% on a pro forma basis [33]. - The Lodging Payments segment reported a 1% increase in revenues to $120.9 million in Q4 2024, compared to $119.9 million in Q4 2023 [40]. - Total spend volume in the Corporate Payments segment increased by 43% to $47.94 billion in Q4 2024 from $33.58 billion in Q4 2023 [33]. - Operating income for Vehicle Payments segment rose by 50% to $364.8 million in Q4 2024, up from $242.5 million in Q4 2023 [38]. Cash Flow and Capital Management - Corpay deployed over $2.5 billion in capital for acquisitions and stock repurchases while maintaining a leverage ratio of 2.75x [8]. - The company reported a total operating expense of $2,187,432 for the year, a 4% increase from $2,100,846 in 2023 [24]. - The company’s cash provided by operating activities for the year was $1,940,565, down from $2,101,132 in 2023 [28]. - Cash and cash equivalents and restricted cash at the end of the period totaled $4,456,345, compared to $3,141,535 at the end of 2023 [28]. - Capital expenditures increased by 21% to $44.3 million in Q4 2024, compared to $36.7 million in Q4 2023 [38]. Asset and Liability Management - Total current assets increased to $8,670,675 as of December 31, 2024, up from $7,084,265 in 2023 [26]. - Total liabilities increased to $14,825,848 as of December 31, 2024, from $12,758,893 in 2023 [26]. - The company reported a goodwill impairment of $90 million in 2024, impacting net income [30]. - Goodwill impairment of $90,000 was recorded in Q4 2024, with no prior year comparison [24]. Market Impact - The US market accounted for 53% of total revenues in Q4 2024, with revenues of $547 million, compared to $500 million in Q4 2023 [35]. - The impact of foreign exchange rates negatively affected revenues by approximately $28 million in Q4 2024 [40]. - The company acquired Zapay in Q1 2024, with results included in the Vehicle Payments segment from the acquisition date [38].

The upcoming report from Corpay (CPAY) is expected to reveal quarterly earnings of $5.35 per share, indicating an increase of 20.5% compared to the year-ago period. Analysts forecast revenues of $1.05 billion, representing an increase of 12.3% year over year.The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a c ...

Corpay, Inc. (CPAY) is scheduled to release its fourth-quarter 2024 results on Feb. 5, after market close.See Zacks Earnings Calendar to stay ahead of market-making news.The company surpassed the Zacks Consensus Estimate in three of the four trailing quarters and missed once. It delivered an earnings surprise of 0.3%, on average.Corpay, Inc. Price, Consensus and EPS Surprise Corpay’s Q4 ExpectationsThe Zacks Consensus Estimate for revenues is pegged at $1.1 billion, implying 12.3% growth from the year-ago q ...

Corpay (CPAY) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 5. O ...

We looked at Corpay (NYSE: CPAY ) in February of 2024. We argued that despite higher growth, CPAY was trading at a discount to the S&P 500. The share prices are up 37% since and have outperformed the S&PWe use Cash Flow Returns On Investment based DCF valuation tools provided by our affiliate company, ROCGA Research.With over 20 years of experience in investment analysis, we are actively seeking out undervalued and quality companies.ROCGA Research is an online platform that provides an objective and systema ...

Corpay, Inc. (CPAY) has seen an impressive 22% stock price surge over the past six months, outperforming the industry’s 14% rally.The company has been actively pursuing strategic acquisitions and investments to expand its customer base, workforce and operational capabilities, fueling its growth trajectory.What’s Driving CPAY’s Success?Corpay’s revenue growth remains strong, fueled by increasing payment program volumes and solid sales performance. Organic revenue growth has been consistent, with rates of 10% ...

Investors with an interest in Financial Transaction Services stocks have likely encountered both Corpay (CPAY) and MasterCard (MA) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimat ...

Corpay, Inc. (CPAY) has had an impressive run over the past year. Shares have gained 58% compared with the 30.5% rally of the industry. The company has an expected long-term (three to five years) earnings per share growth rate of 14.3%. Its earnings are expected to register growth of 12.3% in 2024 and 16% in 2025. Factors Behind CPAY's Rally Corpay's top line continues to grow organically, driven by increased volume in its payment programs. The company continues to witness solid organic revenue growth, driv ...