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.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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
- Corpay initiated with a Perform at Oppenheimer