Q1 26 EPS
$5.80
BEAT +6.03%
Est. $5.47
Q1 26 Revenue
$1.26B
BEAT +4.02%
Est. $1.21B
vs S&P Since Q1 26
+15.5%
BEATING MARKET
CPAY +17.9% vs S&P +2.3%
Market Reaction
Did CPAY Beat Earnings? Q1 2026 Results
Corpay delivered a strong first quarter for fiscal 2026, beating Wall Street expectations on both the top and bottom lines as the payments technology company reported revenue of $1.26 billion, up 25.4% year over year and ahead of the $1.21 billion co… Read more Corpay delivered a strong first quarter for fiscal 2026, beating Wall Street expectations on both the top and bottom lines as the payments technology company reported revenue of $1.26 billion, up 25.4% year over year and ahead of the $1.21 billion consensus by 4.02%, while adjusted EPS of $5.80 cleared the $5.47 estimate by 6.03%. The standout driver was Corporate Payments, which posted 46% reported revenue growth and $81.85 billion in spend volumes, aided significantly by the Alpha Group acquisition closed late last year. Organic revenue growth held at 11% for the fourth consecutive quarter, a metric management pointed to as evidence of durable underlying momentum. Profitability also impressed, with adjusted EBITDA rising 24% to $688.60 million at a 54.6% margin, more than 100 basis points above internal expectations. Analysts covering the payments sector have maintained bullish stances on the stock, citing fundamental trends running ahead of plan. Management raised full-year 2026 guidance, now targeting revenue of $5.25 to $5.33 billion and adjusted EPS of $26.30 to $27.10.
Key Takeaways
- • Corporate Payments segment delivered 16% organic revenue growth
- • Organic revenue growth of 11% for the fourth consecutive quarter
- • Corporate Payments spend volume increased 71% YoY to $81.9 billion
- • Vehicle Payments revenue per transaction grew 14% YoY
- • Lodging revenue per room night increased 34% YoY
- • EBITDA margins over 100 basis points higher than expected due to high revenue flow-through
- • Favorable foreign exchange impact of approximately $62 million on revenue
- • Gain on disposition of PaybyPhone business of $121.4 million
CPAY Forward Guidance & Outlook
Corpay raised its full-year 2026 guidance, now expecting total revenues of $5.250–$5.330 billion, GAAP net income of $1.352–$1.432 billion, GAAP EPS of $20.39–$21.19, adjusted net income of $1.746–$1.826 billion, and adjusted EPS of $26.30–$27.10. For Q2 2026, revenue is expected at approximately $1.295 billion at the midpoint (18% YoY growth), with adjusted EPS of $6.55 at the midpoint (28% YoY growth). Key assumptions include weighted average U.S. fuel prices of $4.17/gallon, flat fuel price spreads versus 2025, interest expense of $415–$445 million, approximately 67 million diluted shares, an adjusted effective tax rate of 25%–27%, free cash flow used to pay down debt, and no impact from material acquisitions or divestitures not yet closed.
CPAY YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
CPAY Revenue by Segment
With YoY comparisons, source: SEC Filings
CPAY Revenue by Geography
With YoY comparisons, source: SEC Filings
“Our first quarter results were outstanding, with revenue growth of 25% and adjusted net income per share growth of 29%, finishing well ahead of expectations.”
— Ron Clarke, Q1 2026 Earnings Press Release
CPAY Earnings Trends
CPAY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CPAY EPS Trend
Earnings per share: estimate vs actual
CPAY Revenue Trend
Quarterly revenue: estimate vs actual
CPAY Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $5.47 | $5.80 | +6.03% | $1.26B | +4.02% |
| Q4 25 BEAT FY | $5.94 | $6.04 | +1.67% | $1.25B | +1.12% |
| FY Full Year | $21.28 | $21.38 | +0.47% | $4.53B | +0.25% |
| Q3 25 BEAT | $5.64 | $5.70 | +1.02% | $1.17B | +0.77% |
| Q2 25 BEAT | $5.12 | $5.13 | +0.12% | $1.10B | +0.22% |
| Q1 25 MISS | $4.51 | $4.51 | -0.08% | $1.01B | -0.96% |