How did Corpay's revenue and expenses perform in Q4 2024?

Corpay's revenue and expenses in Q4 2024 showed a business-focused performance, with significant revenue generation from Vehicle Payments and Corporate Payments segments, and notable expenses related to these segments as well:

1. **Revenue Performance**:
- **Total Revenue**: Corpay reported a total revenue of $2.01 billion for Q4 2024, with the majority coming from the Vehicle Payments segment ($1.51 billion) and the Corporate Payments segment ($1.22 billion).
- **Segmental Revenue**: Within the Vehicle Payments segment, revenue was distributed across various sub-segments, including Vehicle Payments ($1.51 billion), Vehicle Financing ($488.59 million), and Vehicle Leasing ($367.7 million).
- **Other Revenue**: The Corporate Payments segment contributed $875.73 million, with Other segment contributing $255.29 million and $185.6 million to the total revenue.
2. **Expense Analysis**:
- **Total Expenses**: The total expenses for Q4 2024 were $1.03 billion, which is slightly lower than the revenue figures.
- **Segmental Expenses**: The Vehicle Payments segment had the highest expenses, amounting to $1.03 billion, which includes expenses related to Vehicle Payments, Vehicle Financing, Vehicle Leasing, and Vehicle Services.
- **Other Expenses**: The Corporate Payments segment had expenses of $352.66 million, with Other segment contributing $255.29 million and $185.6 million to the total expenses.
3. **Net Income**: Corpay reported a net income of $246 million for Q4 2024, indicating a strong profitability period despite the high revenue and expense figures.

In summary, Corpay's Q4 2024 financial performance was robust, with substantial revenue generation across key business segments, well-managed expenses, and a healthy net income. This reflects the company's effective market positioning and operational efficiency in its core business areas.