Corpay (CPAY) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined compared to the immediately preceding quarter. However, it increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined compared to the immediately preceding quarter. However, it increased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$937.3M
Revenue reported for this quarter.
Quarter-over-quarter
-3.5%
Change from the immediately preceding quarter.
Year-over-year
+6.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.8B
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 |
|---|---|---|
| Mar 31, 2023 | $901.3M | +14.2% |
| Jun 30, 2023 | $948.2M | +10.1% |
| Sep 30, 2023 | $970.9M | +8.7% |
| Dec 31, 2023 | $937.3M | +6.1% |
Revenue performance
The reported revenue moved downward from the prior quarter but was higher than the same period a year ago.
Quarterly comparison
Sequentially, revenue fell from the third quarter. On a year-over-year basis, revenue rose compared to the fourth quarter of the prior year.
What to watch
The filing indicates that the company's liquidity is sufficient to meet near-term operating and capital needs.