Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.03B | 5.5% |
| Gross Profit | 692M | 7.7% |
| Cost of Revenue | 337M | 1.3% |
| Operating expense | 337M | 1.3% |
| Net Income | 276M | 9.8% |
| EBITDA | 558M | 7.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 17.6B | 8.9% |
| Total Liabilities | 14.6B | 8.2% |
| Total Equity | 3.09B | 12.2% |
| Shares Outstanding | 70M | 0.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 401M | 25.9% |
| Cash from investing | -232M | 423.2% |
| Cash from financing | 415M | 614.9% |
EPS
Financial Highlights for Corpay in Q3 '24
Corpay reported a revenue of 1.03B, which is a 5.5% 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 692M, marking a 7.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 337M, a 1.3% 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 337M, showing a 1.3% 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 276M, showing a 9.8% 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 558M, showing a 7.7% 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. Higher operating expenses might indicate increased investments or potential inefficiencies.
