Corpay 2025 Q3 Earnings Net Income Grows 0.8% Despite EPS Decline

Corpay (CPAY) reported fiscal 2025 Q3 earnings on Nov 10, 2025, with revenue rising 13.9% year-over-year to $1.17 billion and net income growing 0.8% to $278.38 million. The company maintained 17 consecutive years of profitability and set Q4 2025 EPS guidance of $4.60–$4.80.

Revenue

Corpay’s total revenue surged 13.9% to $1.17 billion in Q3 2025, driven by robust performance across its segments. Vehicle Payments led with $553.19 million, reflecting strong demand for fleet and transportation solutions. Corporate Payments followed closely at $409.71 million, bolstered by expanded client adoption. Lodging Payments contributed $127.01 million, while Other segments added $82.57 million, rounding out the diversified revenue base.

Earnings/Net Income

The company’s EPS dipped 0.8% to $3.95 in Q3 2025 from $3.98 in Q3 2024, yet net income increased 0.8% to $278.38 million, underscoring operational efficiency. Despite the EPS decline, Corpay’s 17-year streak of profitability highlights its resilient business model.

Post-Earnings Price Action Review

Recent financial performance, including a 13.9% revenue increase and Q4 EPS guidance of $4.60–$4.80, signals confidence in Corpay’s growth trajectory. Institutional investors such as Boston Partners and Larson Financial Group LLC have increased holdings, reflecting optimism. Analysts project a 38.6% upside potential, with an average target price of $379.71 versus the current $276. However, risks like regulatory shifts and high debt levels warrant caution. Historical data suggests favorable 30-day performance after revenue beats, though market conditions could alter outcomes.

Additional News

Institutional investors have bolstered their stakes in Corpay, with Select Equity Group L.P. increasing holdings by 1,302.3% to 1.22 million shares and JPMorgan Chase & Co. raising its position by 11.1% to 4.73 million shares. Analysts have revised price targets, with JPMorgan lowering its estimate to $350 and Deutsche Bank initiating coverage at $390. The stock’s 98.84% institutional ownership underscores strong backing. Meanwhile, Corpay’s debt-to-equity ratio of 1.48 and beta of 0.95 highlight leverage and market sensitivity, though its 18.76 P/E ratio remains below sector averages.