Corpay Inc 2024年度报告

FORM10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the Fiscal Year EndedDecember 31, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the Transition Period Fromto Commission File Number001-35004__________________________________________________________ Corpay, Inc.__________________________________________________________ Registrant’s telephone number, including area code: (770)449-0479 Securities registered pursuant to Section12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the ExchangeAct.Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required tofile such reports), and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Table of Contents Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter periodthat the registrant was required to submit and post such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Non-accelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant toSection 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct).Yes☐No☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to§240.10D-1(b).☐ The aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was approximately$17,904,831,658as ofJune30, 2024, the last business day of the registrant’s most recently completed second fiscal quarter,based on the closing sale price as reported on the New York Stock Exchange. As ofFebruary17, 2025, therewere70,249,923shares of common stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive Proxy Statement to be delivered to shareholders in connection with the2025AnnualMeeting of Shareholdersare incorporated by reference into Part III of this report where indicated. The registrant's definitiveProxy Statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscalyear to which this report relates. Table of Contents Corpay, INC.FORM 10-KFor The Year EndedDecember31, 2024INDEX PARTI Item1.Business4ItemX.Executive Officers of the Registrant15Item1A.Risk Factors16Item1B.Unresolved Staff Comments29Item1C.Cybersecurity29Item2.Properties31Item3.Legal Proceedings32Item4.Mine Safety Disclosures33 PARTIIItem5.Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of EquitySecurities34Item6.Selected Financial Data35 Item7.Management’s Discussion and Analysis of Financial Condition and Results of Operations36Item7A.Quantitative and Qualitative Disclosures about Market Risk56Item8.Financial Statements and Supplementary Data58Item9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure101Item9A.Controls and Procedures101Item9B.Other Information105Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections105 PARTIII Item10.Directors, Executive Officers and Corporate Governance106Item11.Executive Compensation106Item12.Security Ownership of Certain Be