---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-022757"
form_type: "8-K"
ticker: "CPAY"
cik: "0001175454"
company_name: "CORPAY, INC."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T11:01:19.918318+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Corpay invests $500M alongside TPG to take AvidXchange private; Q1 rev $1.01B

## Summary
- Corpay to invest $500M for 33% stake in AvidXchange at $10/share, valuing AvidXchange at $2.2B.
- Transaction expected to close Q4 2025, subject to approvals; Corpay option to acquire 100% in 2028.
- Q1 revenues $1,005.7M (+8% YoY); GAAP EPS $3.40 (+9% YoY); adjusted EPS $4.51 (+10% YoY).
- Full-year 2025 guidance: rev $4,380M-$4,460M; adj EPS $20.80-$21.20.
- Organic revenue growth 9% in Q1; Corporate Payments segment grew 19%.

## SEC filing metadata
- accession: 0001628280-25-022757
- form_type: 8-K
- ticker: CPAY
- cik: 0001175454
- company_name: CORPAY, INC.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175454/000162828025022757/0001628280-25-022757-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175454/000162828025022757/flt-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-022757
- JSON: https://secwatch.observer/filing/0001628280-25-022757.json
- Plain text: https://secwatch.observer/filing/0001628280-25-022757.txt

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