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Corpay Q2 Earnings Call Highlights
['Max Byerly']
Ticker Report
Corporate Payments Leads Segment GrowthThe company reported 10% organic revenue growth during the quarter, led by 16% organic growth in corporate payments and 8% growth in vehicle payments.
Lodging showed sequential improvement, with organic revenue growth improving by two percentage points versus the first quarter.
Third-quarter organic revenue growth outlook: 9% to 11%.
Looking longer term, management reaffirmed targets of more than 10% organic revenue growth, low-teens pretax profit growth and more than 20% cash EPS growth.
About Corpay (NYSE:CPAY)Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions.