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Get filing alertsRed Flags Detected
- Material Weakness (improved) — Customer-funds GAAP material weakness remediated; ITGC user-access weakness persists with ongoing remediation.
- Disclosure Controls Not Effective (new) — Filing states that management concluded the company's disclosure controls and procedures were not effective. The same conclusion appeared in the baseline filing.
Corpay Q3 2025: revenue +13.9% to $1.17B, net income flat at $277.9M (+0.6%)
Filed November 10, 2025 · Period ending September 30, 2025 · Compared to 10-Q Nov 8, 2024 · ~1 min read
Key Changes
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high
Net income rose only 0.6% to $277.9M while revenue grew to $1.17B, as the effective tax rate jumped from 13.9% to 29.4% due to tax restructuring charges, lower stock option benefits, and Pillar Two global minimum tax adoption.
Notes: Effective tax rate verify on EDGAR → -
medium
Customer-funds GAAP material weakness remediated; ITGC user-access material weakness persists with ongoing remediation efforts one year after initial disclosure.
Controls verify on EDGAR → -
medium
Derivative lawsuits seeking in damages removed from disclosure; FTC appeal oral argument held Jan 21, 2025, with administrative action staying pending appellate decision.
Legal Proceedings verify on EDGAR →
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 15, 2026 · How we verify