---
schema_version: "secwatch.filing_event.v1"
accession: "0001175454-25-000025"
form_type: "8-K"
ticker: "CPAY"
cik: "0001175454"
company_name: "CORPAY, INC."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:11:25.848664+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Corpay Q3 revenue +14% to $1.17B, adjusted EPS $5.70; completes $2.4B Alpha acquisition, raises FY25 guidance

## Summary
- Q3 revenue $1,172.5M (+14% YoY); adjusted EPS $5.70 (+14%); organic rev growth 11%, Corporate Payments +17%.
- Completed acquisition of Alpha Group for ~£1.8B (≈$2.4B) on Oct 31, 2025; expects accretion in 2026.
- Credit facility upsized: Revolver B increased $1B to $1.5B, new $900M Term Loan B (7yr, SOFR+1.75%).
- FY2025 guidance raised: revenue $4,505-$4,525M, adjusted EPS $21.14-$21.34.
- AvidXchange investment closed; Mastercard cross-border investment expected before year-end.

## SEC filing metadata
- accession: 0001175454-25-000025
- form_type: 8-K
- ticker: CPAY
- cik: 0001175454
- company_name: CORPAY, INC.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175454/000117545425000025/0001175454-25-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175454/000117545425000025/flt-20251031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001175454-25-000025
- JSON: https://secwatch.observer/filing/0001175454-25-000025.json
- Plain text: https://secwatch.observer/filing/0001175454-25-000025.txt

## Source-grounded claims
- claim_id: 4e294051570199bd876bdff8a20b87d1328fd92c
  claim: CORPAY, INC. amended revolving credit of $1.5 billion with Bank of America, N.A..
  evidence_excerpt: increases the aggregate commitments under the Revolver B by $1 billion to new total Revolver B commitments of $1.5 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1175454/000117545425000025/0001175454-25-000025-index.htm
- claim_id: 750e29735080b66847b1b818d813a1f1622247b5
  claim: CORPAY, INC. incurred term loan of $900 million with Bank of America, N.A. at SOFR plus 1.75% maturing November 5, 2032.
  evidence_excerpt: adds a new seven-year Term Loan B of $900 million. Proceeds will initially be used to fund the Alpha acquisition. The new Term Loan B has a maturity date of November 5, 2032. Interest on amounts outstanding under the new Term Loan B accrues based on the Secured Overnight Financing Rate, plus a margin of 1.75%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1175454/000117545425000025/0001175454-25-000025-index.htm
- claim_id: 5496a42c836f0b3cc5c1f7d61e5dbd3cd155ee19
  claim: CORPAY, INC. completed an acquisition involving Alpha Group International plc for £1.8 billion in cash (closed 2025-10-31).
  evidence_excerpt: On October 31, 2025, Corpay completed the acquisition (the “Acquisition”) of all of the ordinary shares of Alpha for £42.50 in cash for each Alpha share upon the terms as described in the Rule 2.7 Announcement, resulting in an aggregate purchase price of approximately £1.8 billion in cash.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1175454/000117545425000025/0001175454-25-000025-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.