Corpay (CPAY) Revenue — Quarter Ended Mar 31, 2023
Revenue increased compared to the prior quarter and rose significantly versus the same quarter last year. The sequential growth was modest, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased compared to the prior quarter and rose significantly versus the same quarter last year. The sequential growth was modest, while the year-over-year gain was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$901.3M
Revenue reported for this quarter.
Quarter-over-quarter
+2.0%
Change from the immediately preceding quarter.
Year-over-year
+14.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $861.3M | +29.1% |
| Sep 30, 2022 | $893M | +18.2% |
| Dec 31, 2022 | $883.6M | +10.1% |
| Mar 31, 2023 | $901.3M | +14.2% |
Revenue performance
The reported revenue reflects a positive direction, continuing the upward trend observed in recent quarters. The growth rate compared to the prior quarter was slower than the year-over-year rate.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased slightly. Relative to the same quarter one year earlier, revenue showed a stronger increase.
What to watch
Monitor the trend in revenue growth rates for potential deceleration from the prior year's pace.