ET 16:57

Corpay Q4 Profit Up 25% to $3.75EPS; Revenue +39% to $480.8M

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Earnings

Corpay (CPRP) reported fourth-quarter profit of $3.75 per share, up 25% from $3.44, and revenue of $1.25 billion, up 21% year-over-year. Revenue in its corporate payments segment jumped 39% to $480.8 million on resilient U.S. business spending despite trade policy headwinds. The Atlanta-based firm’s vendor payment tools saw strong demand as businesses continued to invest in expense management solutions. Revenue surpassed analyst expectations of $1.23 billion, according to LSEG data.

EditorThomas Ho