Corpay Enjoying The Corporate Payments Boom—Will New Products Drive the Next Growth Wave? 

Corpay’s fourth quarter and full-year 2024 performance presents a mixed picture with several strategic insights for potential investors. From a positive perspective, the company’s revenue grew by 10% year-over-year in Q4, reaching $1.34 billion, and its cash earnings per share (EPS) increased significantly by 21%. The growth of organic revenue by 12% in Q4, attributed largely to a 26% increase in its corporate payments line, marks a notable strength. Significant same-store sales growth and robust new sales figures, especially in the corporate payments and cross-border segments, highlight Corpay’s potent market stance and the effectiveness of its solutions in attracting new customers.