Corpay (CPAY) Q1 2026 Earnings
How Did CPAY Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: −1.65%.
Did CPAY Beat Earnings? Q1 2026 Results
Yes. Corpay reported Q1 2026 earnings of $5.80 a share on May 7, 2026, beating the $5.47 consensus estimate by 6.0%. Revenue was $1.3B against a $1.2B estimate.
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.
- 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
“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.”
Corpay CEO, on the earnings call
What Was Corpay's Outlook in Q1 2026?
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
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.3B | $1.0B | +25.4% |
| Operating Income | $636.2M | $427.1M | +48.9% |
| Net Income | $350.1M | $243.2M | +43.9% |
CPAY Revenue by Segment
CPAY Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.