CPAY
Corpay, Inc.312.42
+0.26+0.08%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Alpha integration excels; divestitures detailed.
Q&A added color on Alpha's seamless integration fueling sales outperformance into January, with H2 IT synergies ahead and Mastercard FI channel logging two joint sales plus a 50-70 pipeline. Payables monetization expands beyond virtual cards to eChecks, debit, and instant payments, testing for Q2/Q3 impact. US vehicle payments hit positive same-store sales for the first time in six quarters; two more divestitures eyed for $1-1.3B buyback proceeds. Lodging stabilized but sales weak. Confident tone prevails, but investors watch sales execution in vehicle and lodging.
Key Stats
Market Cap
22.06BP/E (TTM)
21.24Basic EPS (TTM)
14.71Dividend Yield
0%Recent Filings
10-K
FY2025 results
Corpay delivered FY2025 revenues of $4.5B, up 14% y/y, with Corporate Payments surging 34% on 31% spend volume growth (derived) and Vehicle Payments rising 6% despite fuel headwinds. Q4 momentum accelerated in transactions across segments, fueled by new sales in payables, cross-border, and tolls, though Lodging softened on fewer room nights. Operating income hit $2.0B; yet debt climbed to $10B post-Alpha buy. $0.8B buybacks continued. Cybersecurity outages could disrupt quarterly flows.
8-K
2026 AGM date advanced
8-K
Q4 beat, PayByPhone sale
Corpay crushed Q4 with 21% revenue growth to $1.25B and 11% organic growth, fueled by 39% corporate payments surge yet vehicle payments dipped 10% operationally. Signed deal to sell non-core PayByPhone mobile parking unit to Lightyear Capital, closing Q2 2026. No material hit to 2026 cash EPS outlook. Divestiture sharpens corporate focus.
8-K
Corpay adds Shell exec to board
Corpay appointed London-based David Bunch to its Board of Directors on January 22, 2026, effective immediately. Currently Shell PLC's Group EVP for Mobility & Convenience, he oversees 40,000+ sites serving 30 million customers daily across continents. Bunch brings global scale and digital platform expertise. Board gains an independent director amid international expansion.
10-Q
Q3 FY2025 results
Corpay posted Q3 revenues up 13.9% y/y to $1,172.5M, with Vehicle Payments growing 9.2% y/y to $553.2M and Corporate Payments surging 27.3% y/y to $409.7M, while Lodging dipped 5.2% y/y. Operating income climbed 11.7% y/y to $523.1M, diluted EPS edged up to $3.91 from $3.90 (reconciles to 71,131 diluted shares), and cash swelled to $2.0B with restricted cash at $2.9B. Acquisitions like Gringo in Feb 2025 for $153.7M net (recognizing $123.1M goodwill, $34.5M intangibles) fueled growth, alongside $687M YTD operating cash flow. Debt stood at $8.1B, compliant with covenants. FTC litigation lingers.
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