FLEETCOR Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:11 pm
Share
FLEETCOR Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 970.89 million compared to USD 893 million a year ago. Net income was USD 271.5 million compared to USD 248.89 million a year ago. Basic earnings per share from continuing operations was USD 3.71 compared to USD 3.34 a year ago. Diluted earnings per share from continuing operations was USD 3.64 compared to USD 3.29 a year ago.
For the nine months, sales was USD 2,820.4 million compared to USD 2,543.52 million a year ago. Net income was USD 726.03 million compared to USD 729.01 million a year ago. Basic earnings per share from continuing operations was USD 9.87 compared to USD 9.55 a year ago. Diluted earnings per share from continuing operations was USD 9.72 compared to USD 9.38 a year ago.
Corpay, Inc., formerly FLEETCOR Technologies, Inc., is a corporate payments company. It helps businesses and consumers pay expenses. Its suite of payment solutions helps its customers manage vehicle-related expenses, such as fueling and parking; travel expenses, such as hotel bookings, and payables, such as paying vendors. Its solutions include AP Automation, Cross-Border and Commercial Cards. Its AP Automation solutions include procure-to-pay, payment automation and integrations. Its Procure-to-Pay optimizes accounts payable workflows with scheduled payments, automated approvals and real-time tracking, and enables cash flow management and financial decisions. Its trading platform and integrated payment solutions, which can be customized as per clientâs business requirements. Its Multi-Card is a payment method that offers a tailored solution designed for the clientâs business transactions. Its ExpenseTrack platform offers real-time automation, robust security and customized reporting.
CORPAY, INC. 
