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Corpay reports higher quarterly profit on spending resilience
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Corpay reports higher quarterly profit on spending resilience
Aug 6, 2025 2:20 PM

Aug 6 (Reuters) - Business payments firm Corpay ( CPAY )

reported a rise in second-quarter profit on Wednesday, driven by

growth in its corporate and vehicle payment divisions.

Consumer spending remained resilient during the quarter

despite trade policy uncertainty and inflationary pressures

affecting discretionary expenditure.

Atlanta, Georgia-based Corpay ( CPAY ) provides payment and spend

management solutions aimed at helping businesses and consumers

better manage their expenses.

The company's corporate payments division, which automates

and manages vendor payments, reported revenue of $391.9 million,

reflecting a 36% increase compared to the prior-year quarter.

"Our corporate payments segment delivered continued terrific

performance driven by our broad geographic coverage and

implementations," CFO Peter Walker said in a statement.

Net income attributable to Corpay ( CPAY ) came in at $284.2 million,

or $3.98 per share, for the three months ended June 30, compared

with $251.6 million, or $3.52 per share, in the same period a

year earlier.

Shares of the company, which have declined nearly 7% so far

in 2025, were down marginally in extended trading.

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