Companies /Technology

Corpay Inc

NYSE: CPAY Software - Infrastructure
$416.45
▼ $3.23 (−0.77%) today
Markets closed · 5:28pm ET

Q2 2026 Earnings

Reported Aug 5, 2026, 4:13pm ET · SEC source
$7.00
Beat +6.30%
EPS · est. $6.59 Adjusted

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.

$1.3B
Beat +2.99%
Revenue · est. $1.3B
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−0.8%0+0.8%Aug 5Aug 6report 4:13pm ETearnings−0.2%+1.4%
−0.8%0+0.8%Aug 5Aug 6earnings−0.2%+1.4%
CPAY +1.4%S&P 500 −0.2%
−0.8%0+0.8%Aug 5Aug 6report 4:13pm ETearnings−0.4%+1.4%
−0.8%0+0.8%Aug 5Aug 6earnings−0.4%+1.4%
CPAY +1.4%NASDAQ −0.4%
0+3%+6%Aug 4Aug 13report 4:13pm ETearnings+1.0%+8.1%
0+3%+6%Aug 4Aug 13earnings+1.0%+8.1%
CPAY +8.1%S&P 500 +1.0%
0+3%+6%Aug 4Aug 13report 4:13pm ETearnings+2.1%+8.1%
0+3%+6%Aug 4Aug 13earnings+2.1%+8.1%
CPAY +8.1%NASDAQ +2.1%
+0.95%
Day of report
−1.34%
Next session
+6.77%
One week

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 $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%

“Our second quarter results were excellent and exceeded our expectations, with revenue growth of 21% and adjusted net income per share growth of 36%.”

Corpay CEO, on the earnings call

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 · SEC filings Q2 2025 Q2 2026
$0$400.0M$800.0M$1.2B$1.1B$1.3BRevenue$479.4M$472.3MOperating Income$284.2M$248.3MNet Income
$0$400.0M$800.0M$1.2BRevenueOperating IncomeNet Income

CPAY Revenue by Segment

Vehicle Payments$580.2M+13.0%
Corporate Payments$548.7M+42.0%
Lodging Payments$123.2M+3.0%
Other (Gift and Payroll Card)$86.7M+5.0%
Other (Gift and Payroll Cards)

CPAY Revenue by Geography

United States$600.0M+10.9%
Rest of World$319.0M+31.8%
Brazil$217.0M+27.6%
United Kingdom$202.0M+36.5%

Figures from SEC filings and company reports. Not investment advice.