| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 1.2K | 6.4% | 13.9% |
| Total Income | 1.2K | 6.4% | 13.9% |
| Expenditure | 649.36 | 4.3% | 15.7% |
| PBT | 421.70 | 7.3% | 17.7% |
| Net Profit | 277.94 | 2.2% | 0.6% |
| OPM | 44.62% | 1.12pp | 0.87pp |
| NPM | 23.70% | 2.08pp | 3.15pp |
| EPS | 3.95 | 2.0% | 0.8% |
Corpay Reports Q3 2025 Revenue Up 14% to $1,172.5 Million
04 May 2026 · 4 May, 7:55 am
Summary
Corpay, Inc. reported a 14% increase in revenues to $1,172.5 million for the third quarter of 2025, compared to $1,029.2 million in the third quarter of 2024. Organic revenue growth was 11%. Adjusted EBITDA increased by 14% to $676.7 million. The company also completed the acquisition of Alpha Group International plc. Corpay raised its 2025 outlook, projecting total revenues between $4,505 million and $4,525 million.
Key Highlights
- 1
Revenues increased 14% to $1,172.5 million in the third quarter of 2025, compared with $1,029.2 million in the third quarter of 2024.
- 2
Organic revenue growth was 11% in the third quarter of 2025.
- 3
Adjusted EBITDA increased 14% to $676.7 million in the third quarter of 2025, compared to $594.7 million in the third quarter of 2024.
- 4
Adjusted net income increased 14% to $405.2 million in the third quarter of 2025, compared with $354.5 million in the third quarter of 2024.
- 5
Adjusted net income per diluted share increased 14% to $5.70 in the third quarter of 2025, compared with $5.00 per diluted share in the third quarter of 2024.
- 6
Corpay completed the acquisition of Alpha Group International plc.
- 7
The company raised its 2025 outlook, expecting total revenues between $4,505 million and $4,525 million.
Management Comments
Ron Clarke
"Our third quarter results finished ahead of our expectations for both revenue and adjusted EPS,” said Ron Clarke, chairman and chief executive officer, Corpay, Inc. “Additionally, third quarter 2025 organic revenue growth was 11%, supported by our Corporate Payments segment growing 17%. We've closed both the AvidXchange investment and Alpha Group acquisition, and currently expect to complete the Mastercard investment in our cross-border business before year end,” concluded Clarke. “We’re thrilled to officially welcome Alpha to the Corpay family. Alpha is a leading provider of global bank accounts to European-based investment managers, and we expect to expand those investment manager relationships into the US and Asia,” said Ron Clarke, chairman and chief executive officer, Corpay, Inc. “With our integration planning well underway, we remain confident in the synergies and expect to deliver meaningful accretion in 2026,” concluded Clarke.
Peter Walker
"Total company organic growth improved 500 bps year over year, almost doubling, to 11% in the third quarter, led by improvement in our Vehicle Payments segment and specifically our U.S. Vehicle Payments business,” said Peter Walker, chief financial officer, Corpay, Inc. “Our Corporate Payments segment continued to deliver strong organic revenue growth of 17%, inclusive of a 100 basis point drag from float revenue compression due to lower interest rates,” concluded Walker. "We are raising our 2025 outlook as a result of our third quarter beat, the continued benefit of improved foreign currency rates and the inclusion of our recently closed acquisition and investment. Our continued execution with strong sales performance and excellent cost discipline gives us confidence in our ability to achieve our 2025 outlook, and it sets us up well as we look to 2026,” concluded Walker. “We’re very pleased with the broad participation and oversubscribed demand for our credit facilities, which reflects the broad-based confidence in Corpay’s durable earnings power,” said Peter Walker, chief financial officer, Corpay, Inc.
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