Reported 17 days ago
Business payments firm Corpay reported a 6% rise in third-quarter adjusted profit, fueled by growth in its corporate and vehicle payments sectors due to strong corporate spending. With a revenue increase of 25% in corporate payments and a slight uptick in the vehicle payments segment, the company's adjusted profit for the quarter reached $354.5 million. CEO Ron Clarke expressed optimism for continued revenue growth into the fourth quarter and 2025.
Source: YAHOO