Short answer
Corpay (CPAY) filed its Q3 2025 10-Q quarterly report on Nov 10, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.2B (up 13.9% year over year) with net income of $278M.
Q3 2025 key financials · XBRL
- Revenue
- $1.2B
- +13.9% YoY · +6.4% QoQ
- Net income
- $278M
- +0.6% YoY · −2.2% QoQ
- Operating margin
- 44.6%
- EPS (diluted)
- $3.90
- +0.3% YoY · −2.0% QoQ
Source: XBRL data from the Corpay (CPAY) Q3 2025 10-Q on SEC EDGAR. USD.
Corpay Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $1,172.5M, up 14% from $1,029.2M YoY
- Adjusted net income $405.2M, up 14% from $354.5M YoY; adjusted net income per diluted share $5.70 vs $5.00 YoY
- Vehicle Payments best segment: revenue $553.2M, up $46.4M YoY; Lodging Payments weakest: revenue $127.0M, down $7.0M YoY
- Adjusted EBITDA margin stable at 57.7% vs 57.8% YoY, adjusted EBITDA $676.7M vs $594.7M YoY
- Management cautious on macroeconomic risks including fuel prices, foreign exchange, and regulatory environment; no updated guidance disclosed
Risk Factors
- No material changes to risk factors since most recent 10-K; risks carried forward unchanged
- Carried-forward regulatory risk: potential non-compliance with evolving financial regulations impacting operations
- Carried-forward operational risk: competitive pressures affecting market share and near-term revenue growth
- Carried-forward financial risk: liquidity management challenges amid debt maturities and currency fluctuations
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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