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11.06.25 - 04:01
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Corpay Names Peter Walker CFO (AFX)
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WASHINGTON (dpa-AFX) - Corpay, Inc. (CPAY), a global business payments company, announced that it has appointed Peter Walker as Chief Financial Officer, effective July 21, 2025.Most recently, Pete......
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10.06.25 - 22:39
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Corpay Appoints New Chief Financial Officer (Business Wire)
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ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a leading global business payments company (“Corpay”), today announced the appointment of Peter Walker as Chief Financial Officer (“CFO”), effective July 21, 2025.
“We are excited to welcome Peter to Corpay. We believe Peter's mix of public and entrepreneurial company CFO experience will help him to contribute immediately. Peter's got great potential and will be a terrific partner in helping us to run the business,” said Ron Clarke, Corpay's Chairman and CEO.
Most recently, Peter served as the CFO at Instructure Holdings, Inc. (NYSE: INST) (“Instructure”). During his tenure with Instructure, Peter led the privatization of Instructure with its sale to KKR. Prior to Instructure, Peter was CFO of Sterling Check Corp (NASDAQ: STER) and CFO of Jackson Hewitt. Prior to Jackson Hewitt, Peter spent over 17 years at Assurant in finance, accounting and strategy roles, finishing his career at Assurant as CFO and Chief Strategy Officer. He began ...
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07.05.25 - 02:00
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Corpay (CPAY) Beats Q1 Earnings Estimates (Zacks)
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Corpay (CPAY) delivered earnings and revenue surprises of 0.45% and 0.43%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?...
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06.05.25 - 23:03
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Corpay Invests Alongside TPG to Acquire AvidXchange (Business Wire)
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Makes $500 million minority investment in take-private transaction with option to acquire 100%
ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a leading corporate payments company, today announced that it has signed a definitive agreement to make a minority investment in AvidXchange Holdings, Inc (NASDAQ: AVDX) (“AvidXchange”) as part of a transaction to take AvidXchange private alongside TPG for $10.00 per share in a cash transaction that values AvidXchange at $2.2 billion.
Under the agreement, Corpay will invest approximately $500 million for a 33% equity stake in the company. The transaction is expected to close in the fourth quarter of 2025, subject to shareholder and regulatory approval and standard closing conditions.
AvidXchange is a leading provider of accounts payable (AP) automation solutions to lower middle market companies with a focus on several verticals including real estate, HOA, financial institutions and media.
“We're delighted to partner with AvidXchange leadership and TPG o...
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06.05.25 - 23:03
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Corpay Reports First Quarter Financial Results (Business Wire)
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Solid start to the year with over $1 billion in revenues
Announced deals with Mastercard and AvidXchange
ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a corporate payments company, today reported financial results for its first quarter ended March 31, 2025.
“Our first quarter results were right in-line with our expectations. First quarter 2025 organic revenue growth was 9% and within that, our Corporate Payments segment grew 19%,” said Ron Clarke, chairman and chief executive officer, Corpay, Inc. “Our fundamental trends: retention, same store sales and sales/new bookings, were very strong. Also, last week we announced an exciting investment and strategic partnership with Mastercard, and today we announced our plan to invest $500 million, alongside TPG, to acquire AvidXchange.”
Financial Results for First Quarter of 2025:
GAAP Results
Revenues increased 8% to $1,005.7 million in the first quarter of 2025, compared with $935.3 million in the first quarter of 2024.
Net income attributable to ...
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