earnings
confidence high
sentiment positive
materiality 0.75
Corpay Q2 revenue $975.7M (+3% YoY); adj. EPS $4.55 (+8%); Paymerang acquisition closed July 1
CORPAY, INC.
2024-Q2 EPS reported
$6.64
revenue$1,910,961,000
- Q2 revenue $975.7M (+3% YoY); net income $251.6M (+5%); diluted GAAP EPS $3.52 (+10%).
- Adjusted net income $325.0M (+3%); adjusted EPS $4.55 (+8% or +14% ex-Russia).
- Corporate Payments revenue grew in high teens; Paymerang acquisition closed July 1; GPS Capital Markets expected early 2025.
- FY2024 guidance: revenue $3,975-$4,025M; adj. EPS $18.85-$19.15; Q3 adj. EPS $4.90-$5.00.
- Repurchased 2.2M shares in Q2 (3.3M YTD); EBITDA margin improved 60 bps.