secwatch.observer — SEC 8-K summary
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Issuer:     CORPAY, INC. (CPAY)
CIK:        0001175454
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001628280-24-035644
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corpay Q2 revenue $975.7M (+3% YoY); adj. EPS $4.55 (+8%); Paymerang acquisition closed July 1
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175454/000162828024035644/0001628280-24-035644-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175454/000162828024035644/flt-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-035644

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer