Loading...
•
Sep 30
Corpay Q3 2025 Earnings Report
Corpay reported strong Q3 2025 results with $1.17 billion in revenue and 14% adjusted EPS growth, driven by Corporate and Vehicle Payments performance.
Key Takeaways
Corpay delivered solid financial performance in Q3 2025 with 14% year-over-year revenue growth and robust expansion in adjusted EBITDA and EPS. Corporate Payments led growth with a 27% revenue increase, while Vehicle Payments and Other segments also posted gains. Lodging declined slightly but remains profitable.
Revenue reached $1.17 billion, up 14% year-over-year.
Adjusted EPS grew 14% to $5.70, supported by higher adjusted net income of $405.2 million.
Corporate Payments revenue increased 27% to $409.7 million, with spend volume of $68.2 billion.
Adjusted EBITDA rose to $676.7 million, a 14% increase from the prior year.
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 raised its full-year 2025 guidance, citing Q3 outperformance, FX tailwinds, and recent acquisitions. The company expects continued revenue and earnings growth into Q4 and 2026.
Positive Outlook
- Raised 2025 revenue guidance to $4.505–$4.525 billion.
- 2025 adjusted net income guidance increased to $1.503–$1.523 billion.
- Expect continued organic growth in Corporate and Vehicle Payments.
- Improved foreign exchange rates support international segments.
- Integration of Alpha and AvidXchange expected to add value.
Challenges Ahead
- Corporate Payments revenue per spend dollar declined year-over-year.
- Lodging revenue fell 5% and room nights declined 12%.
- Fuel price spreads negatively impacted vehicle revenue mix.
- Higher tax provision increased from prior year.
- Some FX volatility remains a potential headwind.