Corpay (CPAY) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared with both the preceding quarter and the same period a year earlier. The growth reflects a continuation of the positive trend seen in recent quarters.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared with both the preceding quarter and the same period a year earlier. The growth reflects a continuation of the positive trend seen in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$948.2M
Revenue reported for this quarter.
Quarter-over-quarter
+5.2%
Change from the immediately preceding quarter.
Year-over-year
+10.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.6B
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 |
|---|---|---|
| Sep 30, 2022 | $893M | +18.2% |
| Dec 31, 2022 | $883.6M | +10.1% |
| Mar 31, 2023 | $901.3M | +14.2% |
| Jun 30, 2023 | $948.2M | +10.1% |
Revenue performance
Revenue rose during the reporting period, marking an improvement over the prior quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was higher. Revenue also increased when measured against the same quarter one year earlier.
What to watch
The company reclassified cash held at its Russian businesses as restricted, which may affect future liquidity trends.