Corpay Q3 revenue up 14%, just beats estimates

Corpay

05/11/2025 21:18

Overview

Corpay Q3 revenue grows 14%, just beating analyst expectations

Adjusted EPS for Q3 beats consensus, growing 14%

Company completed AvidXchange investment and Alpha Group acquisition

Outlook

Corpay raises fiscal year 2025 revenue outlook to $4,505 mln - $4,525 mln

Company expects fiscal year 2025 net income between $1,130 mln and $1,150 mln

Corpay projects adjusted net income per share for 2025 between $21.14 and $21.34

Result Drivers

CORPORATE PAYMENTS GROWTH - Corporate Payments segment achieved 17% organic revenue growth, despite a 100 basis point drag from lower interest rates

VEHICLE PAYMENTS CONTRIBUTION - U.S. Vehicle Payments business led to a 500 basis point improvement in total company organic growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$1.17 bln
$1.16 bln (12 Analysts)
Q3 Adjusted EPS
Beat
$5.70
$5.64 (14 Analysts)
Q3 EPS
$3.91
Q3 Adjusted Net Income
$405.20 mln
Q3 Net Income
$278.38 mln
Q3 Operating Expenses
$649.36 mln
Q3 Operating income
$523.12 mln
Q3 Pretax Profit
$421.70 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for Corpay Inc is $362.00, about 27.9% above its November 4 closing price of $261.17

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nBw9W7mXma

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)