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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 976M | 4.3% |
Gross Profit | 643M | 6.2% |
Cost of Revenue | 333M | 0.9% |
Operating expense | 333M | 6.3% |
Net Income | 252M | 9.5% |
EBITDA | 518M | 7.4% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 16.2B | 2.3% |
Total Liabilities | 13.4B | 6.9% |
Total Equity | 2.75B | 15.5% |
Shares Outstanding | 69M | 2.9% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 541M | 54.5% |
Cash from investing | -44M | 56.7% |
Cash from financing | -81M | 49.1% |
EPS
Financial Highlights for Corpay in Q2 '24
Corpay reported a revenue of 976M, which is a 4.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 643M, marking a 6.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 333M, a 0.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 333M, showing a -6.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 252M, showing a 9.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 518M, showing a 7.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Corpay with growth in revenue, gross profit, and net income.