earnings
confidence high
sentiment positive
materiality 0.75
Corpay Q3 revenue tops $1B; adjusted EPS $5.00 (+11% YoY); FY EPS guide maintained at $19.00
CORPAY, INC.
2024-Q3 EPS reported
$10.53
revenue$2,940,158,000
- Revenue $1,029.2M (+6% YoY); organic growth 6%; Corporate Payments organic +18%.
- GAAP EPS $3.90 (+7%); adjusted EPS $5.00 (+11%); EBITDA $557.7M (+5%).
- FY revenue guidance lowered to $3.98–$4.01B midpoint; EPS guide $18.90–$19.10 unchanged.
- Q4 revenue guide $1.04–$1.07B; adjusted EPS $5.25–$5.45; expects revenue acceleration.
- Board authorized $1B share repurchase increase; closed Paymerang, GPS Capital Markets pending.