CPAY Corpay

FY2024 10-K
Filed: Feb 27, 2025
Information Technology
Services-Business Services, NECSEC EDGAR

Corpay (CPAY) filed its fiscal year 2024 10-K annual report with the SEC on Feb 27, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2024 10-K

Business Overview

  • Core business: global corporate payments platform offering vehicle, corporate, lodging payment solutions and related spend management tools
  • New emphasis on electric vehicle (EV) fueling integration and home charging software in vehicle payments segment for mixed fleet management
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Management Discussion & Analysis

  • Revenue $3,974.6M in 2024, up 6% YoY from $3,757.7M in 2023, driven by 25% growth in Corporate Payments segment
  • Adjusted EBITDA margin slightly increased to 53.6% in 2024 from 53.1% in 2023
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Risk Factors

  • Regulatory risk: ongoing compliance with cybersecurity standards enforced by regulators, monitored via third-party assessments and reported to Board
  • Operational risk: dependence on third-party service providers for cybersecurity, mitigated by annual risk assessments and continuous monitoring
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Financial Summary
XBRL

Revenue

$4.0B

Net Income

$1.0B

Operating Margin

45.0%

Net Margin

25.3%

ROE

32.1%

Total Assets

$18.0B

EPS (Diluted)

$13.97

Operating Cash Flow

$1.9B

Source: XBRL data from Corpay FY2024 10-K filing on SEC EDGAR. All figures in USD.

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