Corpay Q1 Earnings Beat on Corporate Payment Solutions, Revenues Miss

Core Insights - Corpay, Inc. (CPAY) reported strong first-quarter 2025 results, with a notable increase in corporate payment solutions sales, leading to an 8.1% rise in share price since the earnings release on May 6 [1] Financial Performance - CPAY achieved adjusted earnings per share of $4.51, slightly exceeding the Zacks Consensus Estimate, reflecting a 10% year-over-year growth [2] - Total revenues reached $1 billion, marking a 7.5% increase from the previous year, although it slightly missed the consensus estimate [2] Segment Performance - The vehicle payments segment generated revenues of $487.1 million, a slight decline from the previous year, and fell short of the estimated $506.7 million; however, significant growth was noted in Brazil due to increased toll tag sales and improvements in electric vehicle offerings in the U.K. and Europe [3] - The corporate payments segment saw revenues of $352.7 million, a 33% year-over-year increase, surpassing the estimated $335.7 million, driven by strong sales of corporate payment solutions and improved payables revenues [4] - The lodging payments segment reported revenues of $110.2 million, a slight decrease from the year-ago quarter, but better than the estimated $115.8 million, attributed to low airline revenues and volume softness [5]