Fleetcor
0.33 %
27.42 %
Yet to be announced
Company Overview
FLEETCOR Technologies, Inc. is a global business payments company that provides payment solutions to businesses, commercial clients, and government entities. The company's primary business involves fleet cards, corporate payments, tolls, and lodging payment solutions. Their main revenue streams come from transaction processing fees, program fees, and late fees associated with their payment products and services.
Revenue Sources
PassAfter analyzing FLEETCOR's business model and revenue sources, their primary income streams come from payment processing services, which are halal business activities. The company does not derive significant revenue from gambling, alcohol, tobacco, or other haram sources. Their core business of facilitating payments and providing expense management solutions is permissible from an Islamic perspective.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Dec. 31, 2024 | $1.03b | $640.92m | - | $94.84m | 0.00% | 14.80% |
| Sept. 30, 2024 | $1.03b | $670.55m | - | $109.48m | 0.00% | 16.33% |
| June 30, 2024 | $975.71m | $637.05m | - | $94.68m | 0.00% | 14.86% |
| March 31, 2024 | $935.25m | $627.0m | - | $89.09m | 0.00% | 14.21% |
Based on the financial data from the last four quarters, FLEETCOR's interest expense ratios when compared to total expenses are: 16.3% (Q3 2024), 14.9% (Q2 2024), 14.2% (Q1 2024), and 15.2% (Q4 2023). These percentages consistently exceed the 5% threshold that would be considered acceptable from an Islamic finance perspective.
Operational Ethics
PassBased on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company operates globally but maintains appropriate business practices and compliance standards.
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