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Earnings Per Share
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The Company reports basic and diluted earnings per share. Basic earnings per share is computed by dividing net income attributable to shareholders of the Company by the weighted average number of common shares outstanding during the reported period. Diluted earnings per share reflect the potential dilution related to equity-based incentives using the treasury stock method. The calculation and reconciliation of basic and diluted earnings per share attributable to Corpay for the three and nine months ended September 30, 2024 and 2023 is as follows (in thousands, except per share data):
 
 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
Net income attributable to Corpay
$276,397 $271,496 $757,791 $726,033 
Denominator for basic earnings per share69,518 73,165 70,460 73,523 
Dilutive securities1,383 1,439 1,516 1,210 
Denominator for diluted earnings per share70,901 74,604 71,976 74,733 
Basic earnings per share attributable to Corpay
$3.98 $3.71 $10.75 $9.87 
Diluted earnings per share attributable to Corpay
$3.90 $3.64 $10.53 $9.72 
Diluted earnings per share attributable to Corpay for the three months ended September 30, 2024 and 2023 excludes the effect of 0.2 million and 0.7 million shares, respectively, of common stock that may be issued upon the exercise of employee stock options because such effect would be anti-dilutive. Diluted earnings per share attributable to Corpay also excludes the effect of an immaterial amount of performance-based restricted stock for which the performance criteria have not yet been achieved for the three month periods ended September 30, 2024 and 2023.