The company said revenue for Q2 2024 rose 3% to $975.7 million, net income attributable to Corpay was $251.6 million, and diluted earnings per share were $3.52. Revenue for Q2 included $32 million from the Russia business it sold.

1. 01

   The company said revenue for Q2 2024 rose 3% to $975.7 million, net income attributable to Corpay was $251.6 million, and diluted earnings per share were $3.52. Revenue for Q2 included $32 million from the Russia business it sold.

2. 02

   Corpay said EBITDA for Q2 rose 4% to $517.7 million, and its EBITDA margin was 53.1%. Adjusted net income was $325.0 million, and adjusted diluted earnings per share were $4.55.

3. 03

   The company said Corporate Payments revenue for Q2 rose 17% to $288.5 million and that the Paymerang acquisition closed on July 1, 2024. In the same quarter, Lodging Payments revenue fell 10% to $122.4 million.

4. 04

   Corpay put full-year 2024 total revenues at $3,975 million to $4,025 million and adjusted diluted earnings per share at $18.85 to $19.15. It expects Q3 revenues of $1,015 million to $1,035 million and adjusted diluted earnings per share of $4.90 to $5.00.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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