FLEETCOR Technologies, Inc. is a global payments company that helps businesses and consumers manage their expenses. The company's solutions include vehicle-related expenses (e.g., fueling, tolls, and parking), lodging expenses (e.g., hotel bookings), and corporate payments (e.g., domestic and international vendors). FLEETCOR's solutions are delivered through physical payment cards and software with customizable controls and payment capabilities.

The company's business model is based on recurring revenue from business customers, specialized technology platforms, and proprietary payment acceptance networks. FLEETCOR operates in various markets and geographies, serving hundreds of thousands of customers. The company competes with legacy payment methods and traditional ways of paying, such as cash and checks.

• Employees: Approximately 10,500 (as of December 31, 2023)
• Geographic Footprint: More than 21 countries
• Headquarters: Atlanta, Georgia
• Founded: 2000
• Revenue: $3.76 billion (FY2023)
• Market Capitalization: $18.02 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Comdata Inc., Global Reach, PayByPhone Technologies, Inc.

• CEO: Ronald F. Clarke
• CFO: Tom Panther
• Chief Accounting Officer: Alissa B. Vickery
• Board Chair: Ronald F. Clarke

Ronald F. Clarke has served as CEO since August 2000 and Chairman since March 2003. Tom Panther joined as CFO in May 2023. Alissa B. Vickery has served as Chief Accounting Officer since September 2020.

• Annual Revenue: $3.76 billion (FY2023)
• Net Income: $982 million (FY2023)
• Market Cap: $18.02 billion (as of June 30, 2023)
• Total Assets: $15.48 billion (as of December 31, 2023)
• Employees: Approximately 10,500 (as of December 31, 2023)
• Key Financial Highlights: Revenue increased by 9.6% year-over-year. Net income increased by 2.9% year-over-year.

FLEETCOR offers a range of payment solutions:

• Vehicle Payments: Solutions for fuel, tolls, parking, and fleet maintenance, including proprietary and third-party networks.
• Corporate Payments: Solutions for accounts payable (AP) automation, virtual cards, cross-border payments, and purchasing and travel & entertainment (T&E) cards.
• Lodging Payments: Solutions for workforce, airlines, and insurance lodging needs, including hotel bookings and long-term housing arrangements.
• Other: Gift card program management and processing services, and payroll card solutions.

FLEETCOR operates through the following reportable segments:

• Vehicle Payments: 53% of total revenue (FY2023)
• Corporate Payments: 26% of total revenue (FY2023)
• Lodging Payments: 14% of total revenue (FY2023)
• Other: 7% of total revenue (FY2023)

FLEETCOR's strategy focuses on digitizing payments, controlling purchases, and informing decisions. Key initiatives include expanding online capabilities, cross-selling and bundling products, and pursuing strategic acquisitions. The company is also focused on modernizing its technology solutions and leveraging cloud services. FLEETCOR aims to deliver value to customers through improved insights and control over expenses and fraud mitigation.

FLEETCOR operates in the financial technology industry, providing payment solutions for businesses and consumers. The company faces competition from financial institutions, specialized payment providers, and legacy payment methods. Key trends include the increasing adoption of digital payments, the growth of e-commerce, and the rise of electric vehicles. FLEETCOR has strong market positions across four continents.

• Market Position: Strong market positions across four continents
• Key Competitors: WEX, U.S. Bank Voyager Fleet Systems, Edenred, Sodexo, Alelo, Radius Payment Solutions, DKV, ConectCar, Veloe (Alelo), Repom (Edenred), ParkMobile, ParkHub, Parking BOXX, FLASH, American Express, Coupa, AvidXchange, Bill.com, Convera, American Express Global Business Travel, Fiserv, and other special-purpose card issuers and payroll companies.
• Industry Trends: Increasing adoption of digital payments, growth of e-commerce, and rise of electric vehicles.

• Technology and Security Risks: Dependence on interconnected systems, potential for software defects and system errors, and the risk of cybersecurity incidents and data breaches.
• Business and Operations Risks: Adverse effects from macroeconomic conditions, weather events, natural disasters, public health crises, changes in business purchasing practices, and credit risk of customers.
• Competitive Risks: Intense competition, rapid technological changes, and the potential for competitors to offer bundled and lower-cost services.
• Regulatory Risks: Exposure to evolving laws and regulations, including money transmission, payment instrument licensing, privacy, information security, and anti-money laundering laws.
• Financial Risks: Exposure to fluctuations in foreign currency exchange rates, interest rate risk, and the risk of counterparty defaults.