FLEETCOR Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 02, 2022 at 04:05 pm EDT
Share
FLEETCOR Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 893 million compared to USD 755.48 million a year ago. Net income was USD 248.89 million compared to USD 234.01 million a year ago. Basic earnings per share from continuing operations was USD 3.34 compared to USD 2.86 a year ago. Diluted earnings per share from continuing operations was USD 3.29 compared to USD 2.8 a year ago.
For the nine months, sales was USD 2,543.52 million compared to USD 2,031.48 million a year ago. Net income was USD 729.01 million compared to USD 614.49 million a year ago. Basic earnings per share from continuing operations was USD 9.55 compared to USD 7.42 a year ago. Diluted earnings per share from continuing operations was USD 9.38 compared to USD 7.24 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. 
