Corpay Inc (CPAY) News & EventsCPAYNews & EventsCorpay Inc

Corpay Becomes Official FX Partner of European T20 Premier League

Corpay announces that Corpay's Cross-Border business has entered into an agreement with the European T20 Premier League, ETPL, created to establish Europe as a dynamic force in the global T20 landscape. Under the agreement, Corpay becomes EPTL's exclusive and Official Foreign Exchange Partner, along with being an Official Partner.

Corpay Reports Q2 Revenue of $1.339B, Exceeding Expectations

Reports Q2 revenue $1.339B, consensus $1.3B. "Our second quarter results were excellent and exceeded our expectations, with revenue growth of 21% and adjusted net income per share growth of 36%," said Ron Clarke, chairman and chief executive officer, Corpay, Inc. "Organic revenue grew double digits for the fifth consecutive quarter, driven by our further rotation into a corporate payments and spend management company," concluded Clarke.

Corpay Signs Agreement to Sell epyx to OEConnection

Corpay announced that it has signed a definitive agreement to sell UK-based epyx, along with sister companies r2c Online and Business Gateway, to OEConnection, a Francisco Partners portfolio company. "We're pleased to have reached agreement to sell our epyx business to OEC and Francisco Partners, and believe the business is well positioned for continued success under its new ownership," said Ron Clarke, Chairman and CEO of Corpay. "This transaction represents another important step in simplifying our portfolio and continuing our rotation towards Corporate Payments businesses."