We see organic revenue Y/Y growth at ~12% Y/Y during the quarter.
Improvement in international traction includes Brazil, Mexico, the United Kingdom, and Russia.
We also expect commentary on the recent FTC action, which can be a wildcard.
In this note we reiterate our Bullish thesis on Fleetcor (FLT) and provide our expectations ahead of Q419 earnings. Fleetcor remains a strong story that relies on both its core cards business, as