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CORPAY (CPAY)

Q4 2024 Earnings Summary

Reported on Feb 5, 2025 (After Market Close)
Pre-Earnings Price$388.79Last close (Feb 5, 2025)
Post-Earnings Price$378.18Open (Feb 6, 2025)
Price Change
$-10.61(-2.73%)
MetricYoY ChangeReason

Total Revenue

+10% (from $937.3M to $1,034.4M)

CPAY's total revenue increased by 10% in Q4 2024, driven by strong international performance. Notably, robust gains in the UK and Other Regions (each surging by approximately 52% YoY) more than offset a 10% decline in the U.S. market, illustrating how regional dynamics helped lift overall revenue.

Operating Income

+15% (from $424.1M to $488.3M)

Operating income expanded by 15% YoY due to improved operational efficiency and disciplined cost management. The performance reflects better margin control and operational leverage in Q4 2024 relative to Q4 2023.

Net Income

-4% (from $255.9M to $246.0M)

Despite revenue and operating income gains, net income declined by 4% YoY, suggesting that adverse factors (such as higher non-operating expenses or tax-related items) offset some of the operational improvements achieved compared to the previous period.

Basic EPS

Slight decline (from $3.55 to $3.52)

Basic EPS fell marginally due to the decline in net income and potential changes in share count. The slight drop from $3.55 to $3.52 reflects the impact of profitability pressures despite overall revenue growth.

United States Revenue

-10% (from $525M to $473M)

U.S. revenue decreased by about 10% YoY from $525M to $473M, indicating domestic challenges possibly driven by competitive pressures or a slowing market, which contrasts with more robust performance in other regions.

United Kingdom Revenue

+52% (from $108M to $164.8M)

UK revenue surged by approximately 52% YoY as it climbed from $108M to $164.8M, likely reflecting strong market demand and favorable currency effects that markedly improved performance compared to the previous period.

Brazil Revenue

+6% (from $143.1M to $151.9M)

Brazil experienced moderate growth of about 6% YoY, increasing revenue from $143.1M to $151.9M, which points to steady domestic performance amid modest market improvements.

Other Regions Revenue

+52% (from $161.3M to $244.8M)

Revenue in Other Regions grew by roughly 52% YoY due to favorable market dynamics and possibly the impact of acquisition-related contributions, which helped compensate for the weaker domestic (U.S.) results in the current period.

Research analysts covering CORPAY.