Corpay (NYSE:CPAY) Issues Quarterly Earnings Results

Corpay (NYSE:CPAY) released its quarterly earnings data on Wednesday. The corporate payments company reported $7.00 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.30 billion. During the same period last year, the business posted $5.13 EPS. The company’s quarterly 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 Stock Down 0.8%

Shares of Corpay stock traded down $3.24 during trading on Wednesday, reaching $393.28. The company had a trading volume of 1,047,751 shares, compared to its average volume of 521,510. The company 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. Corpay has a fifty-two week low of $252.84 and a fifty-two week high of $405.95. The firm’s fifty day moving average is $356.34 and its 200-day moving average is $337.74. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.98 and a current ratio of 0.98.

Analyst Ratings Changes

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

Insider Activity at Corpay

In other Corpay news, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $3,969,913.62. This trade represents a 86.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the transaction, the director owned 28,241 shares of the company’s stock, 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. Insiders have sold 88,677 shares of company stock worth $31,304,091 in the last 90 days. 5.19% of the stock is currently owned by insiders.

Institutional Trading of Corpay

A number of institutional investors and hedge funds have recently modified their holdings of CPAY. BOKF NA lifted its position in shares of Corpay by 4,700.0% in the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock worth $28,000 after buying an additional 94 shares during the last quarter. DV Equities LLC bought a new position in Corpay in the 4th quarter worth about $30,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of Corpay by 78.6% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 125 shares of the corporate payments company’s stock valued at $38,000 after buying an additional 55 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Corpay during the third quarter valued at approximately $48,000. Finally, Sunbelt Securities Inc. boosted its position in shares of Corpay by 144.0% during the third quarter. Sunbelt Securities Inc. now owns 222 shares of the corporate payments company’s stock worth $64,000 after buying an additional 131 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about 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

Corpay Company Profile

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.