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Sep 30, 2022
Corpay Q3 2022 Earnings Report
FLEETCOR reported strong financial results for Q3 2022, with revenue and adjusted net income per share growth. The company completed three capability acquisitions.
Key Takeaways
FLEETCOR Technologies, Inc. reported strong financial results for the third quarter ended September 30, 2022. Total revenues increased 18% to $893.0 million, and adjusted net income per share increased 21% to $4.24.
Total revenues increased 18% to $893.0 million.
Net income increased 6% to $248.9 million.
Adjusted net income increased 9% to $320.7 million.
The company repurchased $500 million of FLEETCOR stock in the quarter.
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.comRevenue by Geographic Location
US Revenue
CapyFin.comBrazil Revenue
CapyFin.comUK Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
FLEETCOR raised full-year 2022 revenue guidance slightly and maintained full-year adjusted net income per share guidance.
Positive Outlook
- Total revenues between $3,400 million and $3,420 million.
- Net income between $939 million and $959 million.
- Net income per diluted share between $12.24 and $12.44.
- Adjusted net income between $1,216 million and $1,236 million.
- Adjusted net income per diluted share between $15.85 and $16.05.
Revenue & Expenses
Visualization of income flow from segment revenue to net income