---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-021707"
form_type: "8-K"
ticker: "CPAY"
cik: "0001175454"
company_name: "CORPAY, INC."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:46:16.339218+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Corpay reports Q1 revenue $935M (+4%); acquires Paymerang; updates FY2024 outlook

## Summary
- Q1 revenue $935.3M (+4% YoY); GAAP diluted EPS $3.12; adjusted diluted EPS $4.10 (+8% YoY).
- Organic revenue growth 6%; Corporate Payments segment up 17% YoY; Lodging softness persists.
- Definitive agreement to acquire Paymerang, an accounts payable automation company, to enhance verticals.
- FY2024 guidance: adjusted diluted EPS $18.80–$19.20; Q2 adjusted diluted EPS $4.45–$4.55.
- Lodging workforce business shows initial stability in April; actions taken to manage expenses.

## SEC filing metadata
- accession: 0001628280-24-021707
- form_type: 8-K
- ticker: CPAY
- cik: 0001175454
- company_name: CORPAY, INC.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175454/000162828024021707/0001628280-24-021707-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175454/000162828024021707/flt-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021707
- JSON: https://secwatch.observer/filing/0001628280-24-021707.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021707.txt

## Key facts
- Earnings Releases
  CORPAY, INC. reported first quarter ended March 31, 2024 results: revenue $935.3 million, net income $229.8 million, EPS $3.12 per diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $935.3 million
  - Net income: $229.8 million
  - EPS: $3.12 per diluted share
  - Result: reported results
  source text: with meaningful revenue and profit synergies. This deal is right in our wheelhouse.” Financial Results for First Quarter of 2024: GAAP Results • Revenues increased 4% to $935.3 million in the first quarter of 2024, compared with $901.3 million in the first quarter of 2023, which included $31 million of revenue from our sold Russia business. • Net income
  evidence_url: https://www.sec.gov/Archives/edgar/data/1175454/000162828024021707/0001628280-24-021707-index.htm
- Earnings Releases
  CORPAY, INC. reported fiscal year 2024 results: revenue between $3,960 million and $4,040 million, net income between $1,075 million and $1,115 million, EPS between $15.00 and $15.40. Guidance reaffirmed.
  - Period: fiscal year 2024
  - Revenue: between $3,960 million and $4,040 million
  - Net income: between $1,075 million and $1,115 million
  - EPS: between $15.00 and $15.40
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Corpay, Inc. updated financial guidance 1 is as follows: • Total revenues between $3,960 million and $4,040 million; • Net income between $1,075 million and $1,115 million; • Net income per diluted share between $15.00 and $15.40;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1175454/000162828024021707/0001628280-24-021707-index.htm

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