Corpay Reports Third Quarter 2024 Financial Results
Corpay, Inc. (CPAY)
Company Research
Source: Business Wire
Surpasses $1 Billion in quarterly revenue ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a corporate payments company, today reported financial results for its third quarter ended September 30, 2024.“We surpassed $1 billion in quarterly revenue for the first time, led by Corporate Payments organic growth of 18%. Business fundamentals were quite good with same store sales and retention improving and sales remaining strong,” said Ron Clarke, chairman and chief executive officer, Corpay, Inc. “We're confident that our revenue growth will accelerate in the fourth quarter, which positions us well heading into 2025.”Financial Results for Third Quarter of 2024:GAAP ResultsRevenues increased 6% to $1,029.2 million in the third quarter of 2024, compared with $970.9 million in the third quarter of 2023, which included $13 million of revenue from our sold Russia business.Net income attributable to Corpay increased 2% to $276.4 million in the third quarter of 2024, compared with $271.5 m
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CPAY
News
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- Corpay, Inc. (NYSE: CPAY) had its price target raised by analysts at Keefe, Bruyette & Woods from $400.00 to $425.00. They now have an "outperform" rating on the stock.MarketBeat
CPAY
Earnings
- 11/7/24 - Beat
CPAY
Sec Filings
- 12/3/24 - Form 8-K
- 11/27/24 - Form 4
- 11/26/24 - Form 144
- CPAY's page on the SEC website