Corpay

Corpay (CPAY) Q2 2025 Earnings

Reported Aug 6, 2025 at 4:16 PM ET · SEC Source

Q2 25 EPS

$5.13

BEAT +0.12%

Est. $5.12

Q2 25 Revenue

$1.10B

BEAT +0.22%

Est. $1.10B

vs S&P Since Q2 25

-7.1%

TRAILING MARKET

CPAY +12.3% vs S&P +19.4%

Market Reaction

Did CPAY Beat Earnings? Q2 2025 Results

Corpay posted a quietly strong second quarter, delivering adjusted EPS of $5.13 against a consensus estimate of $5.12 and revenue of $1.10 billion, up 12.9% year over year, with organic growth accelerating 500 basis points from a year ago to reach 11… Read more Corpay posted a quietly strong second quarter, delivering adjusted EPS of $5.13 against a consensus estimate of $5.12 and revenue of $1.10 billion, up 12.9% year over year, with organic growth accelerating 500 basis points from a year ago to reach 11%. The standout driver was Corporate Payments, which climbed 36% on a reported basis to $391.90 million, fueled by new client implementations, broad geographic reach, and the completed integration of the GPS business into its cross-border platform, a dynamic that sets Corpay apart from peers navigating their own digital payments pressures, including larger rivals that have struggled to sustain momentum. Adjusted net income rose 13% to $366.42 million, while adjusted EBITDA reached $620.60 million. Management raised full-year 2025 guidance to adjusted EPS of $20.86 to $21.26 on revenue of $4.41 billion to $4.49 billion, citing favorable currency trends, strong sales execution, and improving retention, with Q3 adjusted EPS guided to $5.50 to $5.70.

Key Takeaways

  • Corporate Payments segment grew 18% organically driven by broad geographic coverage and new implementations
  • Total company organic growth improved 500 bps year over year to 11%
  • Improvement in U.S. Vehicle Payments business
  • Completed integration of GPS business into cross-border platform
  • Strong sales performance and excellent cost discipline
  • Improving client retention across businesses
24/7 Wall St

CPAY YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

CPAY Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26
24/7 Wall St

CPAY Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Our second quarter results were slightly ahead of our expectations. Second quarter 2025 organic revenue growth was 11%, with our Corporate Payments segment growing 18%. Our balance sheet is in great shape as we prepare for the recently announced Alpha Group acquisition. Additionally, we're very excited about the opportunity to participate in the growing stablecoin and digital currency markets as a result of our existing capabilities in our cross border business.”

— Ron Clarke, Q2 2025 Earnings Press Release