ATLANTA - Corpay, Inc. (NYSE: CPAY) reported fourth quarter earnings that beat expectations, but revenue fell short of estimates and the company provided weaker-than-expected guidance for 2025, sending shares down 6% in after-hours trading Wednesday.
The corporate payments company posted adjusted earnings per share of $5.36, topping the analyst consensus of $5.32. However, revenue came in at $1.03 billion, missing expectations of $1.06 billion.
For the full year 2025, Corpay forecast adjusted EPS of $20.75 to $21.25, below the $21.93 analysts were expecting. The company sees 2025 revenue of $4.35 billion to $4.45 billion, also shy of the $4.45 billion consensus estimate.
"We had a great finish to 2024, delivering fourth quarter organic revenue growth of 12% and adjusted EPS growth of 21%, which are both above our mid-term growth targets," said Ron Clarke, chairman and CEO of Corpay.
The company’s Corporate Payments segment was a bright spot, with revenue surging 38% YoY to $346.2 million. However, the Vehicle Payments segment saw revenue dip slightly to $497.7 million.
Corpay said it expects 2025 sales growth of approximately 20%, with revenue and adjusted earnings per share growth of 10% to 12%. The company noted its earnings outlook is being negatively impacted by worsening foreign exchange rates, fuel prices, and interest rates compared to its November forecast.
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