Segments (Tables)

9 Months Ended

Sep. 30, 2023

The Company’s segment results are as follows for the three and nine month periods ended September 30, 2023 and 2022 (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	20231		2022		20231		2022
Revenues, net:
Fleet	$	365,502	$	395,203	$	1,120,823	$	1,124,157
Corporate Payments	258,800		196,941		732,958		570,408
Lodging	141,389		125,961		400,287		337,438
Brazil	134,172		108,583		381,998		322,945
Other2	71,029		66,312		184,333		188,571
	$	970,892	$	893,000	$	2,820,399	$	2,543,519
Operating income:
Fleet	$	186,614	$	192,598	$	547,637	$	547,233
Corporate Payments	102,143		69,669		265,100		193,735
Lodging	74,023		63,463		196,832		161,802
Brazil	61,054		44,646		168,673		123,591
Other2	21,143		18,794		54,580		51,010
	$	444,977	$	389,170	$	1,232,822	$	1,077,371
Depreciation and amortization:
Fleet	$	34,219	$	34,897	$	104,147	$	104,531
Corporate Payments	21,114		15,864		61,458		48,936
Lodging	12,189		10,474		35,247		31,329
Brazil	14,989		13,756		45,065		41,164
Other2	2,239		2,222		6,741		6,529
	$	84,750	$	77,213	$	252,658	$	232,489

1Results from Global Reach Group acquired in the first quarter of 2023 are reported in the Corporate Payments segment from the date of acquisition. Results from Mina Digital Limited, Business Gateway AG and PayByPhone acquired during 2023 are reported in the Fleet segment, from the date of acquisition.

2Other includes Gift and Payroll Card operating segments.