CORPAY Stock Price, News & Analysis

Corpay (NYSE: CPAY) has announced a strategic investment of $500 million to acquire a 33% equity stake in AvidXchange (NASDAQ: AVDX) as part of a take-private transaction led by TPG. The deal values AvidXchange at $2.2 billion, with shareholders receiving $10.00 per share in cash. AvidXchange is a leading provider of AP automation solutions serving over 8,500 customers in the lower middle market, focusing on real estate, HOA, financial institutions, and media sectors. The transaction is expected to close in Q4 2025, with Corpay having an option to acquire the remaining stake in 2028. The deal is anticipated to be accretive to Corpay's earnings in 2026.

Corpay (NYSE: CPAY) reported strong Q1 2025 financial results with revenues exceeding $1 billion. The company achieved 9% organic revenue growth, with its Corporate Payments segment growing 19%. Key financial highlights include: - Net income of $243.2 million, up 6% YoY - Adjusted EBITDA of $555.4 million, increasing 8% - Earnings per share of $3.40, up 9% - Adjusted EPS of $4.51, up 10% The company announced strategic partnerships with Mastercard and plans to invest $500 million alongside TPG to acquire AvidXchange. Corpay maintained its 2025 guidance, projecting total revenues between $4,380-$4,460 million and adjusted net income between $1,485-$1,525 million.

Mastercard and Corpay have announced a major strategic partnership in cross-border payments, with Mastercard making a $300 million investment for a 3% stake in Corpay's cross-border business unit, valuing it at $10.7 billion.

Key aspects of the partnership include:

• Corpay becomes the exclusive provider of currency risk management and large-ticket cross-border payment solutions to Mastercard's financial institutions
• Extension of virtual card collaboration between both companies
• Expansion of Mastercard Move's disbursement services to new markets and SMBs

The partnership combines Corpay's capabilities in processing payments in 160+ currencies with Mastercard Move's network reaching 10+ billion endpoints across 200+ countries. This collaboration aims to deliver enhanced corporate cross-border payment solutions, supporting both carded and non-carded transactions of all sizes.

Corpay (NYSE: CPAY) has scheduled its first quarter 2025 financial results announcement for Tuesday, May 6, 2025. The company will release its Q1 2025 earnings press release after market close, followed by a conference call at 5:00 pm ET.

The earnings call will be hosted by CEO Ron Clarke, Interim CFO Alissa Vickery, and IR Jim Eglseder. Investors can access the call through a live webcast on the company's investor relations website or by phone using the dial-in numbers (800)-445-7795 or (785)-424-1699 with Conference ID: CORPAY.

A replay will be available for one week until May 13, 2025, accessible via (844)-512-2921 or (412)-317-6671 for international callers, using replay conference ID 11158788.

CLC Lodging announces its rebranding as Corpay Lodging, strengthening alignment with parent brand Corpay, a global leader in corporate payments. With 48 years of industry experience, the company maintains its commitment to providing comprehensive workforce travel lodging solutions.

The rebrand introduces several updates, including a redesigned website and mobile app with improved user experience, an expanded hotel network, and enhanced rewards and payment solutions. Under the leadership of Ryan Guthrie, Corpay Group President of Lodging, and Mike Jeffrey, Chief Revenue Officer, the company manages $3.5 Billion in annual global business accommodation spend.

The transition enables customers to access Corpay's broader suite of financial solutions, including vehicle payments, cross-border payments, AP automation, and corporate cards. For hotel partners, the rebrand connects them with Corpay's network of over 800,000 corporate clients and offers streamlined payment processes through virtual credit card solutions.

USAA Perks® and CarAdvise have launched the CarAdvise Fuel program, offering USAA members a 5 cents per gallon discount at over 60,000 fuel locations nationwide. The program, powered by Corpay (NYSE: CPAY), includes major brands like Speedway, 7-Eleven, Casey's, ARCO, Chevron, ExxonMobil, and more.

This initiative expands upon CarAdvise's existing partnership with USAA, which has provided car maintenance savings to members since 2020. The program particularly benefits active-duty military members and their families, demonstrating USAA Perks'® commitment to supporting service members' financial well-being.

Corpay (NYSE: CPAY) has announced the establishment of a new office for its Cross-Border business in Luxembourg, marking a strategic expansion in Europe. The move aims to enhance service offerings for institutional clients and strengthen the company's presence in key financial markets.

Luxembourg, being the largest financial center in the Eurozone and third largest in Europe, presents significant opportunities as the leading jurisdiction for cross-border international fund setups. The location is particularly strategic given that nearly 50% of Luxembourg's workforce is engaged in financial services.

The expansion includes the introduction of institutional solutions such as global multi-currency accounts, global payments, and transaction support services. Roman Sokolowski has been appointed as the branch manager for the new Luxembourg office.

Corpay Cross-Border (NYSE: CPAY) has announced a partnership with SK Slavia Praha, becoming their Official Foreign Exchange Partner. Through this collaboration, SK Slavia Praha will gain access to Corpay's innovative solutions to:

• Mitigate foreign exchange exposure for day-to-day business needs
• Manage global payments through a single access point using Corpay's award-winning platform

The partnership represents a strategic move for Corpay to expand its brand presence and corporate payments business globally, while aligning with one of Czech First League's most successful football clubs.

Corpay (NYSE: CPAY), a global S&P 500 corporate payments company, has announced its participation in three major investor conferences in March 2025:

• Raymond James Institutional Investors Conference in Orlando, FL on March 3, featuring investor meetings
• Morgan Stanley TMT Conference in San Francisco, CA on March 5, featuring investor meetings
• Wolfe FinTech Forum in New York, NY on March 12, including a fireside chat at 2:30 PM ET

The Wolfe presentation will be accessible to investors and interested parties through Corpay's investor relations website at https://investor.corpay.com/.