Corpay (CPAY) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The sequential growth was slightly slower than the year-over-year gain.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The sequential growth was slightly slower than the year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
+5.5%
Change from the immediately preceding quarter.
Year-over-year
+6.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.9B
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 |
|---|---|---|
| Dec 31, 2023 | $937.3M | +6.1% |
| Mar 31, 2024 | $935.3M | +3.8% |
| Jun 30, 2024 | $975.7M | +2.9% |
| Sep 30, 2024 | $1B | +6.0% |
Revenue performance
Revenue rose from the immediately preceding quarter, continuing an upward trend. The year-over-year comparison also showed an increase, indicating sustained expansion.
Quarterly comparison
Compared to the prior quarter, revenue improved, while the year-over-year comparison also reflected growth. The sequential change was smaller than the annual change.
What to watch
Fuel price volatility may continue to influence revenue, as a portion of revenue is directly tied to fuel prices.