Financial Data and Key Metrics Changes - The company reported Q4 revenue of $1,034 million, an increase of 10%, and cash EPS of $5.36, up 21% [9][31] - For the full year 2024, cash EPS was $19, up 16% excluding Russia, with overall sales growth exceeding 20% [13][32] - Organic revenue growth for Q4 was 12%, with corporate payments line achieving 26% organic revenue growth [10][35] Business Line Data and Key Metrics Changes - Corporate Payments revenue increased by 26% in Q4 and 20% for the full year [35] - Vehicle Payments organic revenue grew 8% in Q4 and 5% for the year, with significant growth in insurance revenue, which was up over 130% in Q4 [40][41] - Cross-Border revenue rose 20% for both the quarter and the year, driven by strong sales growth [38] Market Data and Key Metrics Changes - Same-store sales improved to a positive 1% in Q4 compared to a negative 3% in the previous year [11] - The company faced macroeconomic headwinds, with print revenue impacted by approximately $20 million due to unfavorable FX rates [30][17] Company Strategy and Development Direction - The company plans to focus on expanding its Corporate Payments business and simplifying its portfolio by shedding non-core assets [18][19] - Major initiatives include taking the Payables business upmarket to the Enterprise segment and expanding into Europe [20][21] - The Multi-Currency Account product is expected to enhance competitiveness in the Cross-Border market [22] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about a challenging macro environment, projecting print revenue to be compressed by over $100 million in 2025 [17][60] - Despite macro challenges, the company maintains confidence in its core business performance and expects organic revenue growth of 11% in 2025 [15][61] Other Important Information - The company completed two acquisitions in 2024, Paymerang and GPS, and is on track to deliver $0.50 of cash EPS accretion from these deals [23] - The acquisition of Gringo is expected to significantly increase the company's presence in the Brazilian payments market [24] Q&A Session Summary Question: What is driving the expected acceleration in Vehicle Payments? - Management indicated that strong performance in Brazil and improvements in the U.S. Vehicle Payments market are key drivers [69] Question: Is Gringo included in the 2025 guidance? - Management confirmed that Gringo is not included in the guidance as the acquisition has not yet closed [76] Question: What are the expectations for Corporate Payments and potential divestitures? - Management stated that pruning would involve small non-core assets, with a focus on enhancing the Corporate Payments segment [81] Question: How is the company benefiting from recent sales changes and rebranding? - Management noted that while it is still early days, the sales momentum is primarily driven by existing business rather than recent changes [88] Question: What is the current penetration of card usage in the full AP business? - The average penetration of card usage in the full AP business is around 10% to 11% [106] Question: What are the expectations for the Lodging business growth? - Management expects the Lodging business to recover and return to historical growth rates as same-store sales improve [144]

Core Insights - Corpay (CPAY) reported $1.03 billion in revenue for the quarter ended December 2024, marking a year-over-year increase of 10.4% and an EPS of $5.36 compared to $4.44 a year ago, with a revenue surprise of -1.50% and an EPS surprise of +0.56% [1] Financial Performance Metrics - Corpay's shares have returned +9.2% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change, and currently holds a Zacks Rank 3 (Hold) [3] - Lodging Payments recorded 10.6 million room nights, exceeding the estimated 8.9 million [4] - Corporate Payments spend volume reached $47.94 million, surpassing the average estimate of $44.01 million [4] - Revenues per room night in Lodging Payments were $11.39, lower than the estimated $13.32 [4] - Vehicle Payments generated revenues of $497.66 million, below the average estimate of $523.21 million [4] - Corporate Payments revenues were $346.19 million, exceeding the average estimate of $337.94 million, representing a year-over-year change of +37.9% [4] - Revenues from Other Payments were $69.69 million, compared to the average estimate of $74.05 million, reflecting a year-over-year change of +4.8% [4] - Lodging Payments revenues were $120.89 million, slightly above the estimated $119.31 million, with a year-over-year change of +0.8% [4] - Operating income for Corporate Payments was $136.26 million, below the average estimate of $146.38 million [4]

Group 1: Earnings Performance - Corpay reported quarterly earnings of $5.36 per share, exceeding the Zacks Consensus Estimate of $5.33 per share, and up from $4.44 per share a year ago, representing an earnings surprise of 0.56% [1] - The company has surpassed consensus EPS estimates in all four of the last quarters [2] - Corpay's revenues for the quarter ended December 2024 were $1.03 billion, missing the Zacks Consensus Estimate by 1.50%, compared to $937.32 million in the same quarter last year [2] Group 2: Stock Performance and Outlook - Corpay shares have increased approximately 12.2% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] - The future performance of Corpay's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $4.77 on revenues of $1.04 billion, and for the current fiscal year, it is $21.86 on revenues of $4.45 billion [7] Group 3: Industry Context - The Financial Transaction Services industry, to which Corpay belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Corpay's stock performance [5]

Q4 2024 Earnings Release Supplement Refer to earnings release dated February 5, 2025 for further information ^ - dark blue-teal #00B5E2 ^ - light raspberry #981239 ^ - dark raspberry #981239 ^ - light blue-teal #59CBE8 ^ - cool gray 1 #E6E8E7 ^ - maroon #3D1628 Q4 Safe Harbor Provision 2024 ^ This presentation contains forward-looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about Corpay's (formerly known as Fleetcor Technol ...

Financial Performance - Corpay reported fourth quarter organic revenue growth of 12% and adjusted EPS growth of 21%, exceeding mid-term growth targets [2]. - Full year Corporate Payments growth was 20%, with total revenues increasing by 10% to $3,974.6 million in 2024 compared to $3,757.7 million in 2023 [6][7]. - Adjusted EBITDA for 2024 rose by 7% to $2,129.0 million, up from $1,994.2 million in 2023 [5]. - Fourth quarter adjusted net income increased by 18% to $383.2 million, compared to $326.1 million in the same quarter of 2023 [6]. - Adjusted net income per diluted share for 2024 increased by 12% to $19.01, compared to $16.92 in 2023 [11]. - Revenues for Q4 2024 reached $1,034,431, a 10% increase from $937,320 in Q4 2023 [24]. - Net income for the year ended December 31, 2024, was $1,003,732, reflecting a 2% increase from $981,890 in 2023 [28]. - Operating income for the year was $1,787,157, an 8% increase from $1,656,873 in 2023 [24]. - Basic earnings per share for the year increased to $14.27, up 6% from $13.42 in 2023 [24]. - Total net revenues for Q4 2024 were $1,034.4 million, a 10% increase from $937.3 million in Q4 2023 [38]. Future Projections - For fiscal year 2025, Corpay projects sales growth of approximately 20% and revenue growth of 10% to 12% [8]. - First quarter 2025 organic revenue growth is expected to be between 8% to 10%, with adjusted EPS growth projected at 9% to 11% [9]. - Corpay's updated financial guidance for 2025 includes total revenues projected between $4,350 million and $4,450 million [12]. - The company expects to generate approximately $1.5 billion in free cash flow in 2025, providing significant capital allocation flexibility [8]. - The company expects full-year 2025 net income guidance between $1,174 million and $1,224 million, with adjusted net income projected between $1,482 million and $1,532 million [44]. Segment Performance - Corporate Payments segment revenues surged by 38% to $346.2 million in Q4 2024 compared to $251.1 million in Q4 2023 [33]. - Vehicle Payments segment revenues decreased slightly to $497.7 million in Q4 2024, down 0.4% from $499.8 million in Q4 2023, but increased by 8% on a pro forma basis [33]. - The Lodging Payments segment reported a 1% increase in revenues to $120.9 million in Q4 2024, compared to $119.9 million in Q4 2023 [40]. - Total spend volume in the Corporate Payments segment increased by 43% to $47.94 billion in Q4 2024 from $33.58 billion in Q4 2023 [33]. - Operating income for Vehicle Payments segment rose by 50% to $364.8 million in Q4 2024, up from $242.5 million in Q4 2023 [38]. Cash Flow and Capital Management - Corpay deployed over $2.5 billion in capital for acquisitions and stock repurchases while maintaining a leverage ratio of 2.75x [8]. - The company reported a total operating expense of $2,187,432 for the year, a 4% increase from $2,100,846 in 2023 [24]. - The company’s cash provided by operating activities for the year was $1,940,565, down from $2,101,132 in 2023 [28]. - Cash and cash equivalents and restricted cash at the end of the period totaled $4,456,345, compared to $3,141,535 at the end of 2023 [28]. - Capital expenditures increased by 21% to $44.3 million in Q4 2024, compared to $36.7 million in Q4 2023 [38]. Asset and Liability Management - Total current assets increased to $8,670,675 as of December 31, 2024, up from $7,084,265 in 2023 [26]. - Total liabilities increased to $14,825,848 as of December 31, 2024, from $12,758,893 in 2023 [26]. - The company reported a goodwill impairment of $90 million in 2024, impacting net income [30]. - Goodwill impairment of $90,000 was recorded in Q4 2024, with no prior year comparison [24]. Market Impact - The US market accounted for 53% of total revenues in Q4 2024, with revenues of $547 million, compared to $500 million in Q4 2023 [35]. - The impact of foreign exchange rates negatively affected revenues by approximately $28 million in Q4 2024 [40]. - The company acquired Zapay in Q1 2024, with results included in the Vehicle Payments segment from the acquisition date [38].

The upcoming report from Corpay (CPAY) is expected to reveal quarterly earnings of $5.35 per share, indicating an increase of 20.5% compared to the year-ago period. Analysts forecast revenues of $1.05 billion, representing an increase of 12.3% year over year.The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a c ...

Corpay, Inc. (CPAY) is scheduled to release its fourth-quarter 2024 results on Feb. 5, after market close.See Zacks Earnings Calendar to stay ahead of market-making news.The company surpassed the Zacks Consensus Estimate in three of the four trailing quarters and missed once. It delivered an earnings surprise of 0.3%, on average.Corpay, Inc. Price, Consensus and EPS Surprise Corpay’s Q4 ExpectationsThe Zacks Consensus Estimate for revenues is pegged at $1.1 billion, implying 12.3% growth from the year-ago q ...

Corpay (CPAY) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 5. O ...

We looked at Corpay (NYSE: CPAY ) in February of 2024. We argued that despite higher growth, CPAY was trading at a discount to the S&P 500. The share prices are up 37% since and have outperformed the S&PWe use Cash Flow Returns On Investment based DCF valuation tools provided by our affiliate company, ROCGA Research.With over 20 years of experience in investment analysis, we are actively seeking out undervalued and quality companies.ROCGA Research is an online platform that provides an objective and systema ...

Corpay, Inc. (CPAY) has seen an impressive 22% stock price surge over the past six months, outperforming the industry’s 14% rally.The company has been actively pursuing strategic acquisitions and investments to expand its customer base, workforce and operational capabilities, fueling its growth trajectory.What’s Driving CPAY’s Success?Corpay’s revenue growth remains strong, fueled by increasing payment program volumes and solid sales performance. Organic revenue growth has been consistent, with rates of 10% ...