Reports Q1 revenue $1.01B, consensus $1.02B. “Our first quarter results were right in-line with our expectations. First quarter 2025 organic revenue growth was 9% and within that, our Corporate Payments segment grew 19%,” said Ron Clarke, chairman and chief executive officer, Corpay (CPAY). “Our fundamental trends: retention, same store sales and sales/new bookings, were very strong. Also, last week we announced an exciting investment and strategic partnership with Mastercard, and today we announced our plan to invest $500 million, alongside TPG, to acquire AvidXchange.”
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Read More on CPAY:
- CPAY Upcoming Earnings Report: What to Expect?
- Strategic Growth Opportunities Propel Corpay Inc. to ‘Buy’ Rating Amid Mastercard Partnership
- Strategic Partnership with Mastercard Boosts Corpay Inc’s Growth Potential in Cross-Border Payments
- MasterCard invests $300M in Corpay, expands partnership
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