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Mar 31
Corpay Q1 2025 Earnings Report
Corpay reported Q1 2025 results with solid revenue growth and strong segment performance, especially in Corporate Payments.
Key Takeaways
Corpay delivered a solid start to FY25 with over $1B in revenue, strong net income, and strategic momentum through new partnerships and acquisitions.
Revenue surpassed $1 billion, up 8% from Q1 2024.
Corporate Payments revenue rose 33% to $352.7M, driven by 38% growth in spend volume.
Announced $500M investment in AvidXchange and strategic partnership with Mastercard.
Adjusted EPS rose to $4.51, a 10% increase YoY.
Corpay
Corpay
Corpay Revenue by Segment
Corpay Revenue by Geographic Location
Revenue by Segment
Vehicle Payments Revenue
CapyFin.comCorporate Payments Revenue
CapyFin.comLodging Payments Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
US Revenue
CapyFin.comBrazil Revenue
CapyFin.comUK Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Corpay reaffirmed its FY25 guidance and expects growth acceleration from new initiatives, despite macroeconomic uncertainties.
Positive Outlook
- Maintaining FY25 revenue guidance between $4.38B–$4.46B.
- Strong performance in Corporate Payments expected to continue.
- Recent acquisition of Gringo factored into forecasts.
- Durable business model with flexibility to adjust to demand shifts.
- Cross-border segment showing resilience amid FX volatility.
Challenges Ahead
- Uncertainty in macroeconomic outlook for the rest of the year.
- Potential volatility from foreign exchange movements.
- Fuel price spreads assumed flat vs 2024 levels.
- Interest expense expected between $350M and $380M.
- No impact assumed from future material acquisitions not yet closed.