Q2 26 EPS Adjusted
$7.00
BEAT +6.30%
Est. $6.59
GAAP results include a $100 million preliminary FTC settlement charge, a $6.6 million loss on extinguishment of debt, and $38.1 million in integration and deal related costs. Also includes $14.3 million in adjustments at equity method investment (net of tax) and a $1.1 million gain on disposition.
Q2 26 Revenue
$1.34B
BEAT +2.99%
Est. $1.30B
vs S&P Since Q2 26
+4.3%
BEATING MARKET
CPAY +5.3% vs S&P +1.0%
Market Reaction
Did CPAY Beat Earnings? Q2 2026 Results
Corpay, Inc. Delivered a strong second-quarter 2026, beating consensus estimates for the fourth consecutive quarter as robust growth across its payments segments drove results well ahead of Wall Street expectations. The company posted adjusted EPS of… Read more Corpay, Inc. Delivered a strong second-quarter 2026, beating consensus estimates for the fourth consecutive quarter as robust growth across its payments segments drove results well ahead of Wall Street expectations. The company posted adjusted EPS of $7.00, ahead of the $6.58 consensus by 6.30%, while revenue climbed 21.5% year over year to $1.34 billion, topping estimates by 2.99%. The standout driver was Corporate Payments, where the Alpha Group acquisition and a surge in spend volume to $94.64 billion powered 42% reported revenue growth to $548.72 million, lifting the consolidated adjusted EBITDA margin 100 basis points to 57.3%. On a GAAP basis, results were weighed down by a $100 million preliminary FTC settlement charge and $38.1 million in integration and deal-related costs, underscoring the gap between reported and adjusted figures. With competitor WEX also raising its 2026 guidance this quarter, the payments sector broadly appears well-positioned; Corpay management lifted its full-year adjusted EPS outlook to $27.15 to $27.55, implying 28% growth at the midpoint, with Q3 revenue guidance set at approximately $1.35 billion.
Key Takeaways
- • Organic revenue grew double digits for the fifth consecutive quarter
- • Corporate Payments segment delivered 16% organic revenue growth driven by rotation into corporate payments and spend management
- • Spend volume in Corporate Payments grew 70% to $94.6 billion
- • Lodging Payments continued sequential organic revenue improvement
- • Revenue per room night increased 18% year over year
- • Tag transactions grew 5% year over year to 23.9 million
- • Adjusted EBITDA margin expanded to 57.3% from 56.3%
CPAY Forward Guidance & Outlook
Corpay raised its full-year 2026 guidance: total revenues of $5.290B–$5.330B (17% growth at midpoint), net income of $1.285B–$1.325B, adjusted net income of $1.790B–$1.830B, and adjusted EPS of $27.15–$27.55 (28% growth at midpoint). For Q3 2026, revenue is expected at approximately $1.355B (16% YoY growth) and adjusted EPS at approximately $7.15 (26% YoY growth). Key assumptions include weighted average U.S. fuel prices of $4.02/gallon, approximately flat fuel price spreads vs. 2025, FX rates based on Bloomberg consensus as of July 27, 2026, interest expense of $435M–$465M, approximately 66 million fully diluted shares, and an adjusted effective tax rate of 25%–27%.
CPAY YoY Financials
Q2 2026 vs Q2 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 second quarter results were excellent and exceeded our expectations, with revenue growth of 21% and adjusted net income per share growth of 36%.”
— Ron Clarke, Q2 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
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT GAAP results include a $100 million preliminary FTC settlement charge, a $6.6 million loss on extinguishment of debt, and $38.1 million in integration and deal related costs. Also includes $14.3 million in adjustments at equity method investment (net of tax) and a $1.1 million gain on disposition. | $6.59 | $7.00 | +6.30% | $1.34B | +2.99% |
| 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% |