Business payments company Corpay (NYSE: CPAY) will be reporting results this Wednesday after the bell. Here’s what to expect.
Corpay met analysts’ revenue expectations last quarter, reporting revenues of $1.10 billion, up 12.9% year on year. It was a mixed quarter for the company, with but .
Is Corpay a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Corpay’s revenue to grow 13.2% year on year to $1.17 billion, improving from the 6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $5.64 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Corpay’s peers in the diversified financial services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Paymentus delivered year-on-year revenue growth of 34.2%, beating analysts’ expectations by 10.7%, and Donnelley Financial Solutions reported a revenue decline of 2.3%, topping estimates by 3.3%. Donnelley Financial Solutions traded down 11.7% following the results.
Read our full analysis of Paymentus’s results here and Donnelley Financial Solutions’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the diversified financial services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.3% on average over the last month. Corpay is down 8.8% during the same time and is heading into earnings with an average analyst price target of $365.17 (compared to the current share price of $263.36).
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