Corpay Q1 2023 Earnings Report

Corpay EPS Results

• Actual EPS: $3.54
• Consensus EPS: $3.36
• Beat/Miss: Beat by +$0.18
• One Year Ago EPS: N/A

Corpay Revenue Results

• Actual Revenue: $901.33 million
• Expected Revenue: $881.34 million
• Beat/Miss: Beat by +$19.99 million
• YoY Revenue Growth: N/A

Corpay Announcement Details

• Quarter: Q1 2023
• Date: 5/3/2023
• Time: N/A

Corpay (NYSE:CPAY) operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards. It also provides corporate payment solutions consisting of accounts payable automation; virtual cards, cross-border solutions; and purchasing and travel and entertainment card products, as well as lodging payments solutions for employees who travel overnight for work purposes; traveling crews and stranded passengers from airlines and cruise lines; and insurance policyholders displaced from their homes due to damage or catastrophe. In addition, the company offers gifts and payroll cards. It serves business, merchant, consumer, and payment network customers. The company was formerly known as FLEETCOR Technologies, Inc. and changed its name to Corpay, Inc. in March 2024. Corpay, Inc. was founded in 1986 and is headquartered in Atlanta, Georgia.