Overview

* Corpay ( CPAY ) 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 ( CPAY ) 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 ( CPAY ) 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/Mis Actual Consensu

s s

Estimate

Q3 Slight $1.17 $1.16

Revenue Beat* bln bln (12

Analysts

)

Q3 Beat $5.70 $5.64

Adjusted (14

EPS Analysts

)

Q3 EPS $3.91

Q3 $405.20

Adjusted mln

Net

Income

Q3 Net $278.38

Income mln

Q3 $649.36

Operatin mln

g

Expenses

Q3 $523.12

Operatin mln

g income

Q3 $421.70

Pretax mln

Profit

*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 ( CPAY ) 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:

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(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.)