Filing Flows › Corpay (CPAY) › Q1 2025
Corpay (CPAY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Corpay (CPAY) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), +8% from a year earlier and -3% from the quarter before. Operating margin was 42.5%, net earnings $244M (24.3% of revenue).
Corpay, Q1 2025: revenue $1.0B (+8% year over year), operating margin 42.5%, net earnings $244M, operating cash flow −$74.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -3% | +8% |
| Operating profit | $427M | -13% | +7% |
| Net earnings | $244M | -0.9% | +6% |
| Operating cash flow | −$74.2M | — | — |
What changed
Revenue was $1.0B in Q1 2025, up 8% year over year and down 3% from the previous quarter.
Operating profit was $0.43B, a 42.5% margin (unchanged year over year). Of the extra revenue versus a year earlier, 42% reached operating profit, below the 42% margin then. Total costs grew 8% against revenue growth of 8%. The fastest-growing cost line was Sales & marketing (+14%). Net earnings were $0.24B, up 6% year over year. The effective tax rate was 25.5%.
Operating cash flow was −$0.07B. Non-cash charges added back $0.09B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.43B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.12B.
Questions
What was Corpay's revenue in the first quarter 2025?
Corpay (CPAY) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), +8% from a year earlier and -3% from the quarter before.
Was Corpay profitable in the first quarter 2025?
Operating profit was $427M (42.5% of revenue) and net earnings $244M.
Source: Corpay 10-Q on SEC EDGAR.