Corpay (NYSE:CPAY) Announces Quarterly Earnings Results, Beats Expectations By $0.42 EPS

Corpay (NYSE:CPAY) posted its quarterly earnings data on Wednesday. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $0.42, FiscalAI reports. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the firm posted $5.13 EPS. Corpay’s revenue was up 21.5% compared to the same quarter last year. Corpay updated its Q3 2026 guidance to 7.050-7.250 EPS and its FY 2026 guidance to 27.150-27.550 EPS.

Here are the key takeaways from Corpay’s conference call:

• Strong Q2 performance: Revenue rose 21% to $1.34 billion, while Cash EPS increased 36% to a record $7.00. Organic revenue growth was 10%, led by 16% growth in Corporate Payments and 8% in Vehicle Payments.
• Full-year guidance was raised: Corpay now expects 2026 revenue of approximately $5.31 billion and Cash EPS of $27.35, implying 17% revenue growth and 28% EPS growth. Management also projects about $1.8 billion in free cash flow and expects Q3 EPS of $7.15.
• Corporate Payments momentum remains strong: Customer spend increased 43% to $95 billion, sales grew roughly 40% in the segment, and Alpha integration is progressing with more than 80% of corporate volume migrated. Management expects mid-teens-plus organic growth in the second half.
• Portfolio simplification and capital allocation are key priorities: Corpay plans to divest additional subscale businesses, beginning with epyx, and redeploy proceeds toward share repurchases or accretive acquisitions. The epyx sale is expected to reduce 2026 revenue by about $40 million but have no adjusted EPS impact.
• Regulatory and cost pressures remain: The company recorded a $100 million settlement charge related to an FTC matter, subject to final commission approval, while modestly higher credit losses and continued sales investment are expected to weigh on operating costs and second-half margins.

Corpay Price Performance

Shares of NYSE:CPAY traded down $3.24 during midday trading on Wednesday, hitting $393.28. The company had a trading volume of 1,047,751 shares, compared to its average volume of 521,510. Corpay has a twelve month low of $252.84 and a twelve month high of $405.95. The stock has a market cap of $25.70 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 1.08 and a beta of 0.87. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day simple moving average is $356.34 and its 200-day simple moving average is $337.74.

Key Headlines Impacting Corpay

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Second-quarter adjusted earnings were $7.00 per share, exceeding the $6.58 analyst consensus and rising from $5.13 a year earlier. Revenue increased 21.5% year over year to $1.34 billion, also topping the $1.30 billion estimate. Management cited 21% revenue growth, 36% adjusted net income per share growth and double-digit organic revenue growth for the fifth consecutive quarter. Corpay Reports Second Quarter Financial Results
• Positive Sentiment: Corpay provided better-than-expected third-quarter guidance, forecasting EPS of $7.05 to $7.25 versus the $6.96 consensus and revenue of approximately $1.4 billion versus expectations of $1.3 billion. Full-year 2026 EPS guidance of $27.15 to $27.55 also exceeded the $26.52 analyst estimate. Corpay Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company agreed to sell its non-core UK vehicle-payments businesses—epyx, r2c Online and Business Gateway—to OEConnection. The divestiture could allow Corpay to concentrate resources on its core corporate-payments operations, although financial terms were not disclosed. Corpay Announces Agreement to Sell Non-Core Vehicle Payments Business
• Neutral Sentiment: Corpay also announced that its Cross-Border unit will become the official foreign-exchange partner of the new Ultimate Sevens rugby championship. The deal may support brand visibility and business development, but its near-term financial impact is likely limited. Corpay Cross-Border Named Official FX Partner

Insider Buying and Selling at Corpay

In other news, insider Armando Lins Netto sold 70,476 shares of Corpay stock in a transaction on Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the transaction, the insider owned 11,274 shares in the company, valued at $3,969,913.62. The trade was a 86.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total transaction of $360,780.00. Following the transaction, the director directly owned 28,241 shares in the company, valued at approximately $10,188,787.98. The trade was a 3.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 88,677 shares of company stock valued at $31,304,091. 5.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Corpay

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Corpay by 4.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company’s stock valued at $254,000 after buying an additional 37 shares during the period. Thrivent Financial for Lutherans grew its position in Corpay by 1.4% in the second quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the corporate payments company’s stock worth $919,000 after acquiring an additional 39 shares during the period. Hilltop Holdings Inc. increased its stake in Corpay by 4.0% during the third quarter. Hilltop Holdings Inc. now owns 1,151 shares of the corporate payments company’s stock worth $332,000 after acquiring an additional 44 shares during the last quarter. Mackenzie Financial Corp raised its position in Corpay by 0.6% in the fourth quarter. Mackenzie Financial Corp now owns 7,311 shares of the corporate payments company’s stock valued at $2,226,000 after purchasing an additional 46 shares during the period. Finally, South Dakota Investment Council raised its position in Corpay by 3.3% in the fourth quarter. South Dakota Investment Council now owns 1,557 shares of the corporate payments company’s stock valued at $469,000 after purchasing an additional 50 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CPAY shares. Loop Capital began coverage on Corpay in a research note on Monday, May 18th. They issued a “buy” rating and a $406.00 price target on the stock. Wolfe Research reissued an “outperform” rating and issued a $450.00 price objective on shares of Corpay in a research note on Wednesday, June 3rd. Morgan Stanley raised their price objective on Corpay from $400.00 to $415.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Oppenheimer reaffirmed an “outperform” rating and set a $388.00 target price on shares of Corpay in a research note on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Corpay in a report on Friday, July 24th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $383.69.

About Corpay

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.