CPAY SEC Filings
CORPAY, INC. - 226 total filings
CORPAY, INC. Quarterly Report for Q2 Ended Jun 30, 2026
Corpay, Inc. (CPAY) reported strong revenue growth for the first six months of 2026, with revenues increasing by 23.3% to $2.6 billion compared to the same period in 2025. This growth was driven by a combination of organic growth (10%), contributions from recent acquisitions (7%), and a favorable macroeconomic environment, including currency fluctuations and fuel price impacts. Net income attributable to Corpay also saw a healthy increase of 13.5% to $598.4 million. The company continues to execute strategic initiatives, including significant acquisitions and dispositions. The acquisition of Alpha Group International plc in late 2025 is integrating well into the Corporate Payments segment, contributing significantly to revenue growth. Corpay also completed the sale of its PayByPhone business in March 2026, realizing a pre-tax gain of $122.9 million, and is in the process of divesting its Maintenance business, anticipating a substantial gain. While operating expenses have increased, driven by these strategic activities and investments, the company's strong revenue performance has led to an increase in overall operating income and profitability. Corpay's liquidity remains robust, supported by significant cash balances and available credit facilities, positioning the company to continue pursuing growth opportunities and managing its debt obligations.
CORPAY, INC. 8-K Report, Financial Results (Aug 5, 2026)
Corpay, Inc. (CPAY) filed an 8-K on August 5, 2026, to report its financial results for the second quarter and the first half of 2026, ending June 30, 2026. The filing primarily references a press release (Exhibit 99.1) containing the detailed financial outcomes. While the 8-K itself doesn't provide the specific figures, the attached press release is the key document for investors to review for performance metrics, including revenue, profitability, and any forward-looking statements or guidance. Investors should pay close attention to the press release for details on the company's operational performance, growth drivers, and any significant business developments impacting the second quarter. This report serves as the official notification of these results, and the accompanying press release will offer a comprehensive overview of Corpay's financial condition and results of operations.
CORPAY, INC. 8-K Report, Executive Changes (Jul 24, 2026)
Corpay, Inc. (CPAY) announced on July 24, 2026, that its Compensation Committee approved special performance-based restricted stock unit (PSU) grants to key executives Ronald F. Clarke and Armando L. Netto on July 22, 2026. These grants, effective immediately, are designed to incentivize and retain these officers by directly linking a portion of their compensation to the company's stock price performance over a defined period. The PSUs vest based on specific stock price hurdles, with different thresholds requiring the closing stock price to reach or exceed $425.00, $450.00, and $475.00 on five separate trading days within the performance period ending August 31, 2028. This structure aims to align the executives' financial interests closely with those of Corpay's shareholders, encouraging actions that drive shareholder value.
CORPAY, INC. 8-K Report, Material Agreement (May 22, 2026)
Corpay, Inc. (CPAY) announced a significant amendment to its Credit Facility on May 21, 2026, through the Eighteenth Amendment. This strategic move substantially enhances the company's financial flexibility and capacity. Key changes include a notable increase in revolving credit facility commitments by $0.9 billion to $3.7 billion, and an expansion of Term Loan A by $0.4 billion to $3.3 billion. Additionally, the company significantly bolstered its Term Loan B-6 by $2.05 billion, bringing the total to $2.95 billion. These actions were accompanied by the full repayment of its Term Loan B-5 using a combination of the new credit facilities, streamlining the company's debt structure. The amendment also extends the maturity of both the revolving credit facility and Term Loan A by five years, pushing them to May 21, 2031, and the Term Loan B-6 to November 5, 2032. This extension provides Corpay with a longer runway for its financial obligations. The company intends to use the remaining proceeds from these credit enhancements for general corporate purposes, indicating a proactive approach to managing its capital structure and supporting future growth initiatives.
CORPAY, INC. 8-K Report, Shareholder Vote Results (May 12, 2026)
Corpay, Inc. (CPAY) reported the results of its Annual Meeting held on May 7, 2026, via an 8-K filing on May 12, 2026. The meeting saw strong shareholder participation, with over 62.9 million shares represented. The primary focus of the filing is the voting outcomes on key corporate governance matters, including the election of directors, ratification of the independent auditor, and advisory votes on executive compensation and board structure. Key outcomes indicate robust shareholder confidence in the current board and the company's auditor. All nominated directors were elected, with the vast majority receiving overwhelming 'FOR' votes. The reappointment of Ernst & Young LLP as the independent auditor was also overwhelmingly ratified. However, the advisory vote on executive compensation showed a more divided opinion among shareholders, while a shareholder proposal for an independent Board Chair requirement was narrowly defeated. These results provide valuable insights into shareholder sentiment regarding leadership and corporate governance practices at Corpay.
CORPAY, INC. 8-K Report, Regulation FD Disclosure (May 12, 2026)
Corpay, Inc. (CPAY) has filed an 8-K to disclose the posting of an investor presentation to its website on May 12, 2026. This presentation is intended for use in an upcoming virtual teach-in session focusing on the Company's Cross-Border Business, scheduled for May 13, 2026. Investors can access the presentation on Corpay's investor relations website. The Company emphasizes that the information within the presentation is supplementary and should be viewed in conjunction with their official SEC filings and other public disclosures. The primary purpose of this filing is to provide investors with updated information regarding Corpay's Cross-Border segment ahead of a dedicated investor event. While the presentation offers insights into this key business area, Corpay explicitly states it will not update or revise the presentation information routinely. All information furnished under Item 7.01 Regulation FD Disclosure is not considered "filed" for purposes of liability under Section 18 of the Exchange Act, nor is it incorporated by reference into other SEC filings unless specifically stated.
CORPAY, INC. Quarterly Report for Q1 Ended Mar 31, 2026
Corpay, Inc. (CPAY) reported robust financial performance for the quarter ended March 31, 2026, with consolidated revenues increasing by 25.4% to $1.26 billion year-over-year. This growth was driven by strong organic revenue growth of 11%, supplemented by contributions from recent acquisitions. Net income attributable to Corpay surged by 43.9% to $350.1 million, resulting in diluted earnings per share of $5.07, up from $3.40 in the prior year period. The company's performance was bolstered by significant strength in its Corporate Payments segment, which saw a 46% revenue increase, and its Vehicle Payments segment, up 18.9%. The disposal of the PayByPhone business in March 2026 contributed a significant pre-tax gain of $121.4 million to operating income. Corpay continues to focus on strategic growth, evidenced by ongoing share repurchases and recent large-scale acquisitions like Alpha, contributing to a strong financial position and outlook.
CORPAY, INC. 8-K Report, Financial Results (May 7, 2026)
Corpay, Inc. (CPAY) has filed an 8-K report on May 7, 2026, detailing its financial results for the first quarter ended March 31, 2026. The report primarily references a press release (Exhibit 99.1) which provides the specific operational and financial performance data for the period. Investors should refer to this press release for comprehensive details on the company's performance, including revenue, profitability, and any forward-looking statements made by management. While the 8-K itself is largely procedural, it signals the public release of quarterly financial outcomes. The accompanying press release and an earnings release supplement, made available on Corpay's investor relations website, are the key sources of information for understanding the company's financial health and strategic direction following the first quarter of 2026. Investors are advised to consult these documents for a thorough understanding of the reported results and their implications.
CORPAY, INC. 8-K Report, Regulation FD Disclosure (Apr 27, 2026)
Corpay, Inc. (CPAY) has filed an 8-K on April 27, 2026, primarily to reaffirm its first quarter 2026 guidance that was previously disclosed on February 4, 2026. This reaffirmation comes as the company presents to institutional credit investors, indicating a continued focus on communicating its financial outlook to key stakeholders. While no new financial results or significant operational updates are provided in this filing, the reaffirmation suggests that management is confident in their current projections for the first quarter.
CORPAY, INC. Annual Report, Year Ended Dec 31, 2025
Corpay, Inc. (CPAY) reported a strong performance in its 2025 fiscal year, with revenues increasing by 13.9% to $4.53 billion and net income attributable to Corpay growing by 6.6% to $1.07 billion. This growth was driven by a combination of organic expansion, achieving 10% organic revenue growth, and strategic acquisitions. The company successfully integrated several key acquisitions, including Alpha Group International plc and GPS Capital Markets, which significantly boosted its Corporate Payments segment. The company's financial health appears robust, supported by substantial liquidity and a well-managed debt structure. Corpay's diversified business model, spanning Corporate Payments, Vehicle Payments, and Lodging Payments, demonstrated resilience. While the Vehicle Payments segment saw a slight revenue decrease of 3.9% due to macroeconomic headwinds, particularly in fuel price spreads, the Corporate Payments segment experienced significant growth of 33.8%. The company also continues to actively manage its capital, evidenced by ongoing stock repurchase programs. Investors should note the company's forward-looking strategy includes continued investment in technology and potential further acquisitions, while managing risks related to cybersecurity and macroeconomic volatility.
CORPAY, INC. 8-K Report, Shareholder Nominations (Feb 26, 2026)
Corpay, Inc. (CPAY) has announced the date for its 2026 Annual Meeting of Stockholders, scheduled for May 7, 2026. This date represents a significant advance from the previous year's meeting, prompting the company to formally notify shareholders of the new schedule and updated deadlines for submitting proposals and director nominations. Investors should note that the previous deadlines, as outlined in the 2025 proxy statement, are no longer applicable. Corpay has set a firm deadline of March 9, 2026, for all stockholder proposals intended for inclusion in the company's proxy materials under Rule 14a-8, as well as for director nominations or other proposals submitted outside of Rule 14a-8, in accordance with the company's bylaws. Additionally, any proxy solicitations for director nominees other than those put forth by Corpay must also be notified by this March 9, 2026 date.
CORPAY, INC. 8-K/A Report, Acquisition Completed (Feb 5, 2026)
Corpay, Inc. (CPAY) has filed an amendment to its previously filed Form 8-K, specifically amending Item 9.01 to include the financial statements of its acquired entity, Alpha Group International plc. This filing is crucial for investors as it provides the audited financial statements for Alpha as of and for the year ended December 31, 2024, and unaudited interim financials for the six-month periods ended June 30, 2025 and 2024. Additionally, unaudited pro forma condensed combined financial information, reflecting the acquisition's impact, is now available for the balance sheet as of June 30, 2025, and for income statements for the year ended December 31, 2024, and the six months ended June 30, 2025. This supplemental filing offers investors a more complete picture of Alpha's historical performance and the combined entity's projected financial position and results post-acquisition. Access to these detailed financial statements and pro forma data is essential for understanding the full financial implications of the Alpha acquisition, assessing its contribution to Corpay's overall financial health, and making informed investment decisions regarding CPAY.
CORPAY, INC. 8-K Report, Financial Results (Feb 4, 2026)
Corpay, Inc. (CPAY) has filed an 8-K report on February 4, 2026, disclosing key financial and strategic updates. The company announced its financial results for the three months and year ended December 31, 2025, providing investors with its latest performance figures. Additionally, Corpay has entered into a definitive agreement to divest its mobile parking payments business, PayByPhone, to Lightyear Capital. This sale represents a significant strategic move, allowing Corpay to potentially focus on its core operations and enhance shareholder value.
CORPAY, INC. 8-K Report, Executive Changes (Jan 22, 2026)
Corpay, Inc. (CPAY) announced a significant addition to its Board of Directors with the immediate appointment of David Bunch, effective January 22, 2026. Mr. Bunch brings a wealth of international executive experience, most notably his current role as Group Executive Vice President for Mobility & Convenience at Shell PLC, where he oversees a vast global network. His appointment is expected to enhance the Board's strategic oversight, particularly given his extensive background in leading large-scale operations and his diverse leadership roles across multiple continents. Investors should note that Mr. Bunch is considered an independent director under NYSE listing standards and Corpay's corporate governance guidelines. His compensation will be in line with the Company's standard non-employee director package. The filing also confirms no related-party transactions or arrangements requiring specific disclosure, providing clarity on the nature of his appointment. The addition of Mr. Bunch's expertise could be instrumental in guiding Corpay's future growth and strategic initiatives.
CORPAY, INC. Quarterly Report for Q3 Ended Sep 30, 2025
Corpay, Inc. (CPAY) reported solid financial results for the nine months ended September 30, 2025, demonstrating continued revenue growth driven by both organic expansion and strategic acquisitions. Total revenues increased by 11.6% year-over-year to $3.28 billion, supported by a 10% organic growth rate. The Corporate Payments segment was a key growth driver, with revenues up 31.8% to $1.15 billion, fueled by robust spend volume increases and new sales initiatives. While the Vehicle Payments segment showed more moderate growth at 3.6%, its substantial revenue base and operational income remain critical to the company's performance. Net income attributable to Corpay grew by 6.3% to $805.3 million, with diluted earnings per share increasing to $11.28. The company also highlighted significant strategic activities during the period, including the acquisition of Gringo in Brazil, a strategic partnership with Mastercard, and the pending acquisition of Alpha Group International plc. These moves underscore Corpay's commitment to expanding its global reach and service offerings in the corporate payments space. Despite some macroeconomic headwinds, particularly unfavorable foreign exchange rates and fuel price impacts, Corpay maintained strong operating income and adjusted EBITDA margins, reflecting effective cost management and business resilience.
CORPAY, INC. 8-K Report, Material Agreement (Nov 5, 2025)
Corpay, Inc. (CPAY) has filed an 8-K reporting significant developments related to its financing and the completion of a major acquisition. On November 5, 2025, Corpay amended its Credit Facility, substantially increasing its revolving credit capacity and adding a new $900 million Term Loan B. This new debt financing was primarily utilized to fund the previously announced acquisition of Alpha Group International plc, which was officially completed on October 31, 2025. The company also released its financial results for the three and nine months ended September 30, 2025, in a press release furnished with this filing. Investors should note that while the acquisition has closed and financing is in place, detailed financial statements and pro forma information for the acquired entity will be filed by amendment at a later date. This move signifies a substantial expansion for Corpay, funded through increased leverage.
CORPAY, INC. 8-K Report, Regulation FD Disclosure (Sep 29, 2025)
Corpay, Inc. (CPAY) has filed an 8-K on September 29, 2025, to reaffirm its previously disclosed financial guidance for the third quarter and full year of 2025. This reaffirmation comes as the company is presenting to institutional credit investors, indicating confidence in their current performance and future outlook. While the filing primarily serves as a confirmation of existing guidance, it also reiterates a comprehensive list of potential risks and uncertainties that could impact future performance. Investors should note that these forward-looking statements are based on preliminary information and management assumptions, and are subject to various factors including macroeconomic conditions, integration risks from acquisitions (AvidXchange partnership interest and Alpha), operational challenges, and regulatory matters, including ongoing FTC litigation. The company does not undertake to update these statements, and investors are advised to refer to Corpay's detailed risk factors outlined in its 2024 Form 10-K and subsequent filings.
CORPAY, INC. Quarterly Report for Q2 Ended Jun 30, 2025
Corpay, Inc. (CPAY) reported a strong financial performance for the second quarter and first half of 2025. Total revenues increased by 12.9% year-over-year for the quarter to $1.102 billion and by 10.3% for the first half to $2.108 billion. This growth was driven by a combination of organic growth, particularly in the Corporate Payments segment, and strategic acquisitions, including Gringo in Brazil. Net income attributable to Corpay rose by 12.9% to $284.2 million for the quarter and by 9.6% to $527.4 million for the first half. Diluted EPS also saw significant increases, reflecting improved profitability. The company continues to execute on its strategic initiatives, including expanding its partnership with Mastercard and announcing the acquisition of Alpha Group International plc, which is expected to further enhance its cross-border payment solutions. While the company faces some macroeconomic headwinds and integration costs, its diversified business model and robust growth across key segments position it well for continued expansion.
CORPAY, INC. 8-K Report, Financial Results (Aug 6, 2025)
Corpay, Inc. (CPAY) filed an 8-K on August 6, 2025, to announce its financial results for the second quarter and the first half of the fiscal year ended June 30, 2025. The filing primarily directs investors to a press release (Exhibit 99.1) that contains the detailed financial performance for the period. This press release, along with an earnings release supplement available on the company's investor relations website, serves as the primary source of information regarding Corpay's operational and financial condition. Investors should review these documents for specific details on revenue, profitability, and any forward-looking statements or guidance provided by the company.
CORPAY, INC. 8-K Report, Material Agreement (Jul 23, 2025)
Corpay, Inc. (CPAY) has announced a firm intention to acquire Alpha Group International plc for a cash consideration of £42.50 per share, valuing Alpha at an enterprise value of approximately £1.6 billion. This strategic acquisition is intended to be implemented through a court-sanctioned scheme of arrangement under UK law. The deal is a significant move for Corpay, expanding its reach and operations through this all-cash transaction. Key conditions for the acquisition's completion include approval from Alpha shareholders at a court meeting, sanction by the UK court, and other customary regulatory approvals. Corpay has secured committed debt financing for the acquisition through a £1.875 billion bridge facility. The company anticipates the transaction to be completed during the fourth quarter of 2025, subject to meeting these conditions and a Long Stop Date of May 23, 2026.
CORPAY, INC. 8-K Report, Shareholder Vote Results (Jun 16, 2025)
Corpay, Inc. (CPAY) filed an 8-K on June 16, 2025, detailing the outcomes of its Annual Meeting of Shareholders held on June 11, 2025. The meeting saw strong shareholder participation with over 66.5 million shares represented. Key resolutions included the election of eleven directors, the ratification of Ernst & Young LLP as the independent auditor, an advisory vote on executive compensation, and a shareholder proposal concerning an independent Board chair. Overall, the director elections and auditor ratification passed with significant support, indicating shareholder confidence in the current leadership and governance structure. However, the advisory vote on executive compensation and the shareholder proposal for an independent Board chair revealed a more divided sentiment among shareholders.
CORPAY, INC. 8-K Report, Executive Changes (Jun 10, 2025)
Corpay, Inc. (CPAY) announced a significant executive change, appointing Peter Walker as its new Chief Financial Officer (CFO), effective July 21, 2025. Walker brings a wealth of experience, having previously served as CFO for Instructure Holdings, Sterling Check Corp, and Jackson Hewitt, with a substantial career at Assurant. His background includes leading major financial events such as the privatization of Instructure and extensive experience in finance, accounting, and strategy. This appointment is accompanied by a comprehensive compensation package designed to incentivize performance, including a base salary, target bonus, and substantial equity grants in the form of performance-based and time-based restricted stock and stock options. The equity awards are structured with various vesting schedules tied to company performance and continued service. The filing also notes that interim CFO Alissa Vickery will resume her role as Chief Accounting Officer upon Walker's start date.
CORPAY, INC. Quarterly Report for Q1 Ended Mar 31, 2025
Corpay, Inc. (CPAY) reported solid top-line growth in its first quarter of 2025, with revenues increasing by 7.5% to $1.01 billion year-over-year. This growth was driven by a combination of organic expansion, successful acquisitions, and new business initiatives, partially offset by macroeconomic headwinds and the divestiture of its merchant solutions business. The company demonstrated strong operational execution, with the Corporate Payments segment showing particularly robust growth of 32.9% in revenue. Net income attributable to Corpay rose by 5.9% to $243.2 million, translating to a diluted EPS of $3.40, up from $3.12 in the prior year. Despite increased investments in sales and marketing and integration costs from recent acquisitions, Corpay maintained a stable Adjusted EBITDA margin of 55.2%. The company also reported a significant increase in cash and cash equivalents and restricted cash, ending the quarter at $4.38 billion.
CORPAY, INC. 8-K Report, Financial Results (May 6, 2025)
Corpay, Inc. (CPAY) has filed an 8-K report on May 6, 2025, primarily to announce two significant events. Firstly, the company has released its financial results for the three months ended March 31, 2025. While the full details of these results are within the furnished press release (Exhibit 99.1), this update indicates that investors should look to that document for performance metrics and operational insights from the first quarter. The second and arguably more material announcement is the formation of a definitive agreement with TPG to take private AvidXchange Holdings, Inc. (AVDX). This strategic move signifies a major shift in Corpay's corporate strategy and potential for future growth or integration with AvidXchange's operations. This transaction with TPG and AvidXchange is a critical development for Corpay shareholders. The agreement to take AvidXchange private suggests a substantial investment or acquisition, which could lead to significant synergies, expanded market reach, or a restructuring of Corpay's business model. Investors should closely examine the terms of this agreement, the expected impact on Corpay's financial position, and any forward-looking statements provided by the company regarding this transaction. The 8-K also notes the availability of an earnings release supplement on Corpay's investor relations website, which may offer additional context to the financial results.
CORPAY, INC. 8-K Report, Corporate Update (Apr 29, 2025)
Corpay, Inc. (CPAY) announced a significant strategic investment and partnership with Mastercard, Inc. on April 29, 2025, focused on enhancing its cross-border payment capabilities. This collaboration is expected to accelerate Corpay's growth in the rapidly expanding global payments market by leveraging Mastercard's extensive network and technological expertise. Investors should view this as a positive development aimed at bolstering Corpay's competitive position and expanding its service offerings to a broader international customer base. The partnership signifies a strong endorsement from a major industry player like Mastercard and suggests potential for significant advancements in Corpay's product development and market reach. While specific financial terms of the investment were not detailed in the 8-K filing, the strategic alignment points towards future revenue growth opportunities and an improved ability to compete in the complex landscape of international B2B payments.
CORPAY, INC. 8-K Report, Executive Changes (Mar 17, 2025)
Corpay, Inc. (CPAY) has filed an 8-K report primarily detailing changes in its executive officer appointments. The company officially confirms the departure of its Chief Financial Officer, Tom Panther, effective March 15, 2025, as previously announced. In response, the Board of Directors has appointed Alissa Vickery as the interim CFO, effective immediately. Ms. Vickery brings extensive experience within Corpay, having served as Chief Accounting Officer since September 2020 and holding a prior interim CFO role from September 2022 to May 2023. This appointment of an interim CFO with established internal knowledge is a key factor for investors to monitor as the company continues its search for a permanent successor. Ms. Vickery's background in accounting and controls, including oversight of external reporting and internal audit, suggests a continuity of financial operations during this transition period. The filing also includes the standard Cover Page Interactive Data File in Inline XBRL format.
CORPAY, INC. Annual Report, Year Ended Dec 31, 2024
Corpay, Inc. (formerly FLEETCOR Technologies, Inc.) is a global corporate payments company that provides solutions for managing and paying expenses across vehicle, corporate, and lodging categories. The company has experienced revenue growth driven by acquisitions and organic expansion, particularly in its Corporate Payments segment, which saw a significant 24.5% increase in revenue year-over-year. While the Vehicle Payments segment remained relatively flat, the company noted positive organic growth and benefits from recent acquisitions. Financially, Corpay reported a 5.8% increase in consolidated revenues to $3.97 billion for the year ended December 31, 2024. Net income attributable to Corpay grew 2.2% to $1.00 billion. The company also highlighted a substantial stock repurchase program, having repurchased $7.8 billion in shares since its inception. However, Corpay did identify a material weakness in its internal control over financial reporting related to IT general controls, specifically user access management, though it expects to remediate this issue.
CORPAY, INC. 8-K Report, Financial Results (Feb 5, 2025)
Corpay, Inc. (CPAY) has filed an 8-K report on February 5, 2025, to announce its financial results for the three months and full year ended December 31, 2024. The key information is contained within the press release attached as Exhibit 99.1, which provides details on the company's performance. Investors should refer to this press release for specific figures regarding revenue, profitability, and any forward-looking statements or guidance. While the 8-K itself is procedural, it signifies the formal release of Q4 and full-year 2024 financial data. The report also notes that an earnings release supplement is available on the investor relations section of Corpay's website. This filing is furnished and not filed with the SEC, meaning it will not be automatically incorporated into future registration statements unless explicitly stated.
CORPAY, INC. 8-K Report, Executive Changes (Dec 3, 2024)
Corpay, Inc. (CPAY) announced the upcoming resignation of its Chief Financial Officer, Tom Panther, effective March 15, 2025. Mr. Panther is transitioning to a CFO role at a Christian not-for-profit organization. Importantly, his departure is not attributed to any disagreements with the company regarding its operations, policies, accounting, or financial reporting, which suggests a smooth transition and no underlying issues. The company has initiated a search for a new CFO to ensure continuity in financial leadership. While the departure of a key executive can sometimes raise concerns, the clear, amicable nature of this transition, as outlined in the filing, is a positive signal. Investors should monitor the appointment of a successor and any subsequent strategic shifts or integration plans that may be communicated.
CORPAY, INC. Quarterly Report for Q3 Ended Sep 30, 2024
Corpay, Inc. (CPAY) reported third-quarter results showing continued revenue growth and improved profitability. For the three months ended September 30, 2024, consolidated revenues increased by 6.0% year-over-year to $1,029.2 million, driven by organic growth across its segments, particularly in Corporate Payments. Net income attributable to Corpay rose by 1.8% to $276.4 million, with diluted earnings per share increasing to $3.90 from $3.64 in the prior year period. The company also highlighted strong performance in its Corporate Payments segment, which saw a 24.8% revenue increase, bolstered by strategic acquisitions like Paymerang. Operationally, Corpay continues to invest in growth initiatives while managing expenses, resulting in a 5.2% increase in consolidated operating income to $468.1 million for the quarter. The balance sheet remains robust, with significant cash and cash equivalents. The company also reaffirmed its full-year outlook and announced an additional $1 billion increase to its stock repurchase program, signaling confidence in its financial position and future prospects. Investors should note the ongoing legal matters with the FTC, although management believes they will not be material to financial performance.
CORPAY, INC. 8-K Report, Financial Results (Nov 7, 2024)
Corpay, Inc. (CPAY) filed an 8-K on November 7, 2024, primarily to announce its financial results for the three and nine months ended September 30, 2024. The press release, attached as Exhibit 99.1, contains the details of these results. This filing serves as a formal notification to investors about the company's performance during the recent fiscal periods.
CORPAY, INC. 8-K Report, Financial Results (Oct 28, 2024)
Corpay, Inc. (CPAY) has filed an 8-K report detailing its preliminary third quarter 2024 financial results and providing an updated full-year 2024 adjusted net income per share outlook. While specific financial figures for Q3 are not detailed in this 8-K beyond the press release announcement, investors should anticipate this information being available in the accompanying press release (Exhibit 99.1). Crucially, the filing also discloses a modification to the CEO's performance-based stock option award. Originally granted in 2021 with significant stock price hurdles for vesting by year-end 2024, the terms have been adjusted. Specifically, 300,000 options from the second tranche have been cancelled, and the vesting condition for 550,000 options in the first tranche has been eased from ten consecutive trading days at or above $350 to three trading days at or above $350 by December 31, 2024. In exchange, the CEO has agreed to forgo any new equity grants in 2025. This adjustment was approved by the Compensation Committee.
CORPAY, INC. Quarterly Report for Q2 Ended Jun 30, 2024
Corpay, Inc. (CPAY) reported solid performance for the quarter ending June 30, 2024, with revenues increasing by 2.9% year-over-year to $975.7 million. Net income attributable to Corpay also saw a healthy increase of 5.0% to $251.6 million, or $3.52 per diluted share. This growth was driven by strong organic revenue expansion, particularly in the Corporate Payments segment, which saw a 17.3% revenue increase, and solid contributions from acquisitions. Despite some headwinds in the Lodging Payments segment, which experienced a 10.4% revenue decline, and the ongoing impact of macroeconomic factors and foreign currency fluctuations, the company demonstrated resilience. Corpay continues to invest in growth initiatives, including strategic acquisitions like Paymerang and GPS Capital Markets, signaling a commitment to expanding its market presence and service offerings. The company also actively manages its capital through share repurchases and maintains a strong liquidity position.
CORPAY, INC. 8-K Report, Financial Results (Aug 7, 2024)
Corpay, Inc. (CPAY) announced its financial results for the second quarter and first half of 2024 via a press release filed on August 7, 2024. While the 8-K filing itself is brief, it directs investors to the attached press release (Exhibit 99.1) and an earnings release supplement available on their investor relations website for detailed financial performance information. This report serves as the official notification of these results, with the furnished information not being automatically incorporated into future SEC filings unless explicitly stated. Investors should refer to the referenced press release and supplement for comprehensive details on Corpay's operational and financial performance, including key metrics, revenue, profitability, and any forward-looking guidance. The filing indicates that Corpay is adhering to standard disclosure practices for its quarterly earnings announcements, providing timely access to its results through these accessible channels.
CORPAY, INC. 8-K Report, Regulation FD Disclosure (Jun 20, 2024)
Corpay, Inc. (CPAY) announced a significant strategic move via an 8-K filing on June 20, 2024, disclosing the signing of a definitive agreement to acquire GPS Capital Markets, LLC for approximately $725 million. This acquisition is a key development for Corpay, indicating an expansion of its business, likely within the payments or financial services sector, given the target's name. The transaction is anticipated to close in early 2025, pending regulatory approvals and customary closing conditions. Investors should note that Corpay will host a conference call on June 20, 2024, to discuss this acquisition, with a presentation made available on their investor relations website. This acquisition represents a substantial investment and will likely be a primary focus for the company's growth strategy moving forward. Further details regarding the strategic rationale and financial implications will be elucidated during the conference call and in subsequent filings.
CORPAY, INC. 8-K Report, Shareholder Vote Results (Jun 12, 2024)
Corpay, Inc. (CPAY) filed an 8-K on June 12, 2024, reporting the results of its Annual Meeting held on June 6, 2024. The meeting saw strong shareholder support for the election of eleven directors, with all nominees receiving a significant majority of "FOR" votes. This indicates shareholder confidence in the current board leadership and its strategic direction. Additionally, shareholders overwhelmingly ratified the reappointment of Ernst & Young LLP as the company's independent public accounting firm for 2024, a routine but important vote for financial governance and transparency. Of particular note for investors is the advisory vote on executive compensation, which passed with a majority of "FOR" votes, though with a notable "AGAINST" count. Shareholders also voted on a proposal for an independent Board chair requirement, which narrowly failed to gain majority support, with more "AGAINST" votes than "FOR" votes. These outcomes provide insights into shareholder sentiment on corporate governance and compensation practices at Corpay.
CORPAY, INC. Quarterly Report for Q1 Ended Mar 31, 2024
Corpay, Inc. (formerly FLEETCOR Technologies, Inc.) reported solid revenue growth of 3.8% year-over-year for the first quarter of 2024, reaching $935.3 million. This growth was primarily driven by organic increases in transaction and spend volumes, alongside contributions from recent acquisitions, though partially offset by the divestiture of its Russia business. Net income attributable to Corpay increased by 7.0% to $229.8 million, leading to diluted earnings per share of $3.12, up from $2.88 in the prior year period. The company's financial performance demonstrates continued operational strength in its core payment solutions business. The company's balance sheet remains robust, with total assets growing to $15.8 billion. Key liability areas show increases in accounts payable and customer deposits, while debt levels remain significant. Corpay also continues to execute its capital allocation strategy, evidenced by substantial share repurchases, underscoring management's confidence in the company's financial health and future prospects. The company also highlighted the completion of its name change and rebranding to Corpay, Inc. effective March 25, 2024.
CORPAY, INC. 8-K Report, Financial Results (May 8, 2024)
Corpay, Inc. (CPAY) filed an 8-K on May 8, 2024, primarily to announce its financial results for the first quarter ended March 31, 2024. The company released a press release detailing these results, which is incorporated by reference in its entirety. Investors should refer to Exhibit 99.1 for the specific financial performance metrics, including revenue, profitability, and any forward-looking guidance provided by the company. This filing serves as the official disclosure mechanism for the company's quarterly performance update. The information furnished herein is not considered "filed" with the SEC, meaning it won't automatically be integrated into future registration statements unless explicitly stated. Additionally, Corpay made an earnings release supplement available on its investor relations website, offering further detail and context to the reported financial outcomes. Investors seeking a comprehensive understanding should review both the press release and the supplemental materials.
CORPAY, INC. 8-K Report, Bylaw Amendment (Mar 12, 2024)
FLEETCOR Technologies, Inc. (FLT) announced a significant corporate rebranding, changing its name to Corpay, Inc. (CPAY), effective March 24, 2024. This name change is being effected through a statutory merger where a wholly-owned subsidiary merges into the parent company, thereby amending its Certificate of Incorporation. This strategic move aims to align the company's identity with its evolving business operations and market presence. Investors should note that this name change will also coincide with a ticker symbol change. Effective March 25, 2024, the company's common stock will trade on the New York Stock Exchange under the new ticker symbol "CPAY", replacing the former symbol "FLT". The CUSIP number will also be updated. This 8-K filing details the amendments to the company's Articles of Incorporation and Bylaws to reflect the new corporate name and provides exhibits including the Certificate of Ownership and Merger, the updated Bylaws, and the press release announcing the change.
CORPAY, INC. Annual Report, Year Ended Dec 31, 2023
Corpay, Inc. (formerly FLEETCOR) delivered solid revenue growth in 2023, increasing 9.6% year-over-year to $3.76 billion, driven by robust organic growth across its segments, particularly in Corporate Payments, which saw a 27.5% revenue increase. The company's strategic acquisitions, including PayByPhone Technologies, Mina Digital, and Global Reach, contributed to this growth and expanded its service offerings, especially in electric vehicle charging and parking solutions. Despite facing some macroeconomic headwinds, such as lower fuel prices impacting its Vehicle Payments segment, Corpay demonstrated strong operational performance, with EBITDA margin improving to 53.1%. The company also managed its debt effectively, with a significant portion hedged against interest rate fluctuations. Corpay is strategically positioned for continued growth through its diversified payment solutions and a multi-channel go-to-market approach. The company remains focused on digitalizing payments, enhancing customer control, and leveraging data analytics to provide valuable insights to its business clients. The planned rebranding to Corpay, Inc. and the ticker change to CPAY in March 2024 reflect the company's evolution and broader strategic focus beyond its historical reliance on fuel cards.
CORPAY, INC. 8-K Report, Financial Restatement (Feb 29, 2024)
CORPAY, INC. (CPAY) has filed an 8-K report on February 29, 2024, to announce that previously issued unaudited condensed consolidated financial statements for the fiscal quarters ended March 31, 2023, June 30, 2023, and September 30, 2023, should no longer be relied upon. This non-reliance is due to the identification of accounting errors related to the balance sheet and statement of cash flows, discovered during the annual audit for the year ended December 31, 2023. These errors primarily involve the classification of certain cash balances held for customers as restricted cash and customer deposits, and corrections to accounts receivable and accounts payable balances due to misclassification of unbilled receivables. Importantly, the company states these matters did not involve any misconduct. As a consequence, CPAY will report ineffective disclosure controls and a material weakness in its upcoming 10-K filing and will include restated interim financial statements.
CORPAY, INC. 8-K Report, Financial Results (Feb 7, 2024)
CORPAY, INC. (CPAY) filed an 8-K on February 7, 2024, to announce its financial results for the fourth quarter and full year ended December 31, 2023. The filing primarily incorporates by reference a press release (Exhibit 99.1) detailing these results. Investors should review the attached press release for specific financial performance figures, as the 8-K itself does not contain the detailed numbers but rather points to the press release as the source of information. This approach is common for companies providing timely earnings updates.
CORPAY, INC. Quarterly Report for Q3 Ended Sep 30, 2023
Corpay, Inc. (CPAY) reported solid revenue growth of 8.7% for the third quarter of 2023, reaching $970.9 million, and a 10.9% increase for the first nine months, totaling $2.82 billion. Net income for the quarter rose by 9.1% to $271.5 million, though it saw a slight decrease of 0.4% year-to-date to $726.0 million. The company successfully navigated a challenging macroeconomic environment, including rising interest rates and geopolitical uncertainties. Key drivers of growth included strong performance in the Corporate Payments segment and continued expansion in Brazil and the UK. The company also completed several strategic acquisitions in 2023, notably PayByPhone Technologies, Inc., to bolster its vehicle payments business and expand its geographic reach. Corpay demonstrated effective expense management, leading to an expansion in EBITDA margin to 54.5% for the quarter and 52.7% year-to-date, indicating improved operational efficiency. The company also successfully exited its Russian operations in August 2023, recognizing a net gain on disposal. Despite increased interest expenses due to rising rates, Corpay's strong operating performance and disciplined capital allocation, including share repurchases, position it well for future growth.
CORPAY, INC. 8-K Report, Financial Results (Nov 8, 2023)
CORPAY, INC. (CPAY), formerly FLEETCOR Technologies, Inc., filed an 8-K on November 8, 2023, primarily to announce its financial results for the third quarter and the first nine months of 2023. The press release, furnished as Exhibit 99.1, details the company's performance during the period. While the filing itself is procedural, the attached press release contains the core financial and operational updates that investors should review for insights into the company's recent performance and outlook. This report serves as the official notification of the earnings release. Investors seeking to understand CPAY's financial health, revenue growth, profitability, and any forward-looking statements should refer directly to the press release (Exhibit 99.1) and the earnings release supplement available in the investor relations section of the company's website. The filing highlights the company's commitment to transparency by providing access to these key financial disclosures.
CORPAY, INC. 8-K Report, Corporate Update (Aug 15, 2023)
CORPAY, INC. (CPAY), formerly FLEETCOR Technologies, Inc., announced two significant strategic actions through an 8-K filing on August 15, 2023. The company has completed the divestiture of its Russia business to a local investment group, marking a strategic exit from the Russian market. This move aligns with the company's focus on optimizing its global operations and potentially reduces exposure to geopolitical risks associated with the region.
CORPAY, INC. Quarterly Report for Q2 Ended Jun 30, 2023
FLEETCOR Technologies, Inc. (CPAY) reported solid revenue growth of 10.1% year-over-year for the three months ended June 30, 2023, reaching $948.2 million, and a 12.1% increase for the six-month period to $1,849.5 million. This growth was primarily driven by organic expansion across its segments, particularly in Corporate Payments and Lodging, and supplemented by recent acquisitions. Despite revenue growth, net income saw a decline in both periods compared to the prior year, attributed to increased interest expenses resulting from higher interest rates and rising operating costs, including provisions for credit losses. The company's operating segments, Fleet, Corporate Payments, Lodging, and Brazil, all showed revenue increases, with Corporate Payments and Lodging demonstrating particularly strong double-digit percentage growth. Management highlighted organic revenue growth as a key driver, while also acknowledging the negative impact of macroeconomic factors such as lower fuel prices and unfavorable foreign exchange rates, which partially offset gains. The company also addressed its planned divestiture of its Russian operations, expected to close in Q3 2023, which accounted for a small but notable portion of its revenue and net income.
CORPAY, INC. 8-K Report, Financial Results (Aug 8, 2023)
Corpay, Inc. (formerly FLEETCOR Technologies, Inc.) announced its financial results for the second quarter and first half of 2023 via a press release filed on August 8, 2023. The report primarily references an attached press release (Exhibit 99.1) which contains the detailed financial outcomes. Investors should note that this information is furnished and not filed, meaning it won't be automatically incorporated into future SEC filings unless explicitly stated. The company also made an earnings release supplement available on its investor relations website.
CORPAY, INC. 8-K Report, Executive Changes (Aug 3, 2023)
CORPAY, INC. (CPAY) announced a change to its Board of Directors on August 3, 2023, via an 8-K filing. Gerald Throop has been appointed to the Board, effective immediately, as part of the company's ongoing board refreshment initiative. Mr. Throop brings a wealth of experience in financial services, including significant leadership roles at major financial institutions and experience as a CFO for public telecommunications companies. His expertise is expected to be valuable to the board, particularly given his current role as Audit Committee Chair for Ceridian. Concurrently, the company also announced the retirement of board member Mike Buckman, who served for 10 years. These changes are part of a broader strategy to enhance board composition and governance. Mr. Throop has been deemed an independent director, and his compensation will align with the company's standard director compensation package.
CORPAY, INC. 8-K Report, Shareholder Vote Results (Jun 15, 2023)
This 8-K filing by CORPAY, INC. (CPAY) details the outcomes of its Annual Meeting held on June 9, 2023. The primary focus for investors is the shareholder voting results on key corporate matters, including the election of directors, ratification of the independent auditor, and advisory votes on executive compensation and its frequency. Overall, the results indicate strong shareholder confidence in the company's leadership and governance, with all nominated directors receiving a majority of the votes cast in favor of their election. Similarly, the reappointment of Ernst & Young LLP as the independent auditor was overwhelmingly ratified. However, the advisory vote on executive compensation showed a more divided opinion, and a shareholder proposal to modify the right to call a special meeting was narrowly defeated. Investors should note the significant number of broker non-votes on several proposals, which can impact the overall outcome of votes that require a majority of shares outstanding.
CORPAY, INC. 8-K Report, Corporate Update (Jun 9, 2023)
CORPAY, INC. (CPAY), formerly FLEETCOR Technologies, Inc., filed an 8-K on June 9, 2023, to provide an update on a previously disclosed disclosure case involving an order from the Federal Trade Commission (FTC). The company issued a press release on the same day, which is attached as an exhibit to this filing. While the 8-K itself is brief, it signals that investors should refer to the press release for detailed information regarding the FTC's order and its implications. This filing indicates a significant regulatory development that could impact the company's operations or financial standing. Investors are advised to carefully review the press release (Exhibit 99.1) for crucial details about the nature of the FTC's order, any potential remedies or penalties, and management's commentary or plans in response. The timing of this disclosure suggests that the FTC's actions are a matter of ongoing importance to the company and its stakeholders.