Corpay's (NYSE:CPAY) Q3 Sales Beat Estimates

Business payments company Corpay (NYSE:CPAY) announced better-than-expected revenue in Q3 CY2025, with sales up 13.9% year on year to $1.17 billion. The company’s full-year revenue guidance of $4.52 billion at the midpoint came in 1.3% above analysts’ estimates. Its non-GAAP profit of $5.70 per share was 1% above analysts’ consensus estimates.

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"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.

Company Overview

Formerly known as FLEETCOR until its 2024 rebrand, Corpay (NYSE:CPAY) provides specialized payment solutions for businesses to manage vehicle expenses, corporate payments, and lodging costs with enhanced control and reporting capabilities.

Revenue Growth

Examining a company’s long-term performance can provide clues about its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Over the last five years, Corpay grew its revenue at a solid 11.8% compounded annual growth rate. Its growth beat the average financials company and shows its offerings resonate with customers, a helpful starting point for our analysis.

Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Corpay’s annualized revenue growth of 7.9% over the last two years is below its five-year trend, but we still think the results were respectable.

This quarter, Corpay reported year-on-year revenue growth of 13.9%, and its $1.17 billion of revenue exceeded Wall Street’s estimates by 0.6%.

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Key Takeaways from Corpay’s Q3 Results

It was good to see Corpay provide full-year revenue guidance that slightly beat analysts’ expectations. We were also glad its full-year EPS guidance slightly exceeded Wall Street’s estimates. Overall, this print had some key positives. The stock traded up 2.3% to $268.01 immediately after reporting.

So do we think Corpay is an attractive buy at the current price? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it’s free for active Edge members.