Fubotv earnings beat by $0.10, revenue topped estimates
ATLANTA - Corpay, Inc. (NYSE:CPAY) reported second quarter 2025 results that slightly exceeded expectations, with both revenue and adjusted earnings per share growing 13% YoY. The corporate payments company posted revenue of $1.1 billion and adjusted EPS of $5.13, beating the analyst consensus of $5.11.
The company’s organic revenue growth reached 11% in the second quarter, a 500 basis point improvement from the same period last year. This growth was primarily driven by the Corporate Payments segment, which grew 18% on a pro forma and macro-adjusted basis.
"Our second quarter results were slightly ahead of our expectations," said Ron Clarke, chairman and chief executive officer of Corpay. "Our balance sheet is in great shape as we prepare for the recently announced Alpha Group acquisition."
The company’s Vehicle Payments segment saw revenue increase 3% to $525.5 million, while Corporate Payments revenue jumped 36% to $391.9 million. Lodging Payments revenue declined slightly by 2% to $119.8 million.
Adjusted EBITDA increased 12% to $620.6 million compared to $554.4 million in the second quarter of 2024, while adjusted net income rose 13% to $366.4 million.
Peter Walker, chief financial officer, noted: "Strong sales performance, excellent cost discipline and improving retention in our businesses gives us confidence in our ability to achieve our 2025 outlook."
Based on the quarter’s performance, Corpay raised its fiscal year 2025 guidance, now expecting revenue between $4.405 billion and $4.485 billion, and adjusted EPS between $20.86 and $21.26, compared to the analyst consensus of $21.06.
The company also highlighted its recent announcement regarding the acquisition of Alpha Group and new stablecoin partnerships, expressing excitement about opportunities in the growing stablecoin and digital currency markets.
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