Business
Corpay Reports First Quarter Financial Results
ATLANTA, May 06, 2025--Corpay, Inc. (NYSE: CPAY), a corporate payments company, today reported financial results for its first quarter ended March 31, 2025.
About this update from Corpay, Inc.
[{"type":"text","content":"Solid start to the year with over $1 billion in revenues","length":56,"tagName":"p","attribs":{}},{"type":"text","content":"Announced deals with Mastercard and AvidXchange","length":47,"tagName":"p","attribs":{}},{"type":"text","content":"ATLANTA, May 06, 2025--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a corporate payments company, today reported financial results for its first quarter ended March 31, 2025.","length":173,"tagName":"p"},{"type":"text","content":""Our first quarter results were right in-line with our expectations. First quarter 2025 organic revenue growth was 9% and within that, our Corporate Payments segment grew 19%," said Ron Clarke, chairman and chief executive officer, Corpay, Inc. "Our fundamental trends: retention, same store sales and sales/new bookings, were very strong. Also, last week we announced an exciting investment and strategic partnership with Mastercard, and today we announced our plan to invest $500 million, alongside TPG, to acquire AvidXchange."","length":550,"tagName":"p"},{"type":"text","content":"Financial Results for First Quarter of 2025:","length":44,"tagName":"p"},{"type":"text","content":"GAAP Results","length":12,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues increased 8% to $1,005.7 million in the first quarter of 2025, compared with $935.3 million in the first quarter of 2024.","length":130,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income attributable to Corpay increased 6% to $243.2 million in the first quarter of 2025, compared with $229.8 million in the first quarter of 2024.","length":153,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income per diluted share attributable to Corpay increased 9% to $3.40 in the first quarter of 2025, compared with $3.12 per diluted share in the first quarter of 2024.","length":171,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":454,"olType":false},{"type":"text","content":"Non-GAAP Results1","length":17,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Organic revenue growth1 was 9% in the first quarter of 2025.","length":60,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA1 increased 8% to $555.4 million in the first quarter of 2025, compared to $516.5 million in ...