Corpay (NYSE:CPAY) Releases Q3 2026 Earnings Guidance

Corpay (NYSE:CPAY) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 7.050-7.250 for the period, compared to the consensus EPS estimate of 6.960. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.3 billion. Corpay also updated its FY 2026 guidance to 27.150-27.550 EPS.

Corpay Stock Performance

Shares of CPAY stock traded down $3.24 during mid-day trading on Wednesday, reaching $393.28. The stock had a trading volume of 1,047,751 shares, compared to its average volume of 635,377. Corpay has a one year low of $252.84 and a one year high of $405.95. The firm has a market cap of $25.70 billion, a PE ratio of 23.54, a P/E/G ratio of 1.05 and a beta of 0.87. The firm’s 50 day simple moving average is $355.38 and its 200 day simple moving average is $337.35. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86.

Corpay (NYSE:CPAY) last released its quarterly earnings data on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $0.42. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Corpay had a return on equity of 38.68% and a net margin of 24.60%.Corpay’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the business posted $5.13 earnings per share. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. On average, analysts forecast that Corpay will post 25.48 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, insider Armando Lins Netto sold 70,476 shares of the firm’s 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 completion of the sale, the insider directly 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 document filed with the SEC, which is available at this hyperlink. Also, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction on Tuesday, June 2nd. The shares were 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. Over the last 90 days, insiders have sold 88,677 shares of company stock worth $31,304,091. 5.19% of the stock is owned by corporate insiders.

Corpay News Summary

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. Corpay reported second-quarter EPS of $7.00, beating the $6.58 consensus estimate, while revenue of $1.34 billion topped expectations of $1.30 billion. Revenue increased 21%, and adjusted net income per share rose 36%, with organic revenue growth remaining in the double digits for the fifth consecutive quarter. Corpay Reports Second Quarter Financial Results
• Positive Sentiment: Management raised its earnings guidance. Full-year 2026 EPS guidance was set at $27.15-$27.55, above the $26.52 analyst consensus. Third-quarter EPS guidance of $7.05-$7.25 also exceeded the $6.96 consensus, while projected quarterly revenue of approximately $1.4 billion was above the $1.3 billion expectation. Corpay lifts annual forecasts
• Positive Sentiment: Corpay agreed to sell its non-core UK vehicle-payments businesses—epyx, r2c Online and Business Gateway—to OEConnection. The divestiture should allow Corpay to concentrate on its core corporate-payments operations and may simplify the business, although financial terms were not disclosed. Corpay Announces Agreement to Sell Non-Core Vehicle Payments Business
• Neutral Sentiment: Corpay Cross-Border was named the official foreign-exchange partner of the new Ultimate Sevens rugby championship. The agreement could increase brand visibility and support cross-border payments growth, but its near-term financial impact is unclear. Corpay Cross-Border named official FX partner

Hedge Funds Weigh In On Corpay

A number of large investors have recently modified their holdings of the stock. First Citizens Bank & Trust Co. acquired a new position in Corpay during the 4th quarter worth $208,000. OpenArc Corporate Advisory LLC bought a new stake in shares of Corpay during the fourth quarter worth $205,000. Kitching Partners LLC bought a new stake in shares of Corpay during the fourth quarter worth $205,000. Headlands Technologies LLC lifted its stake in shares of Corpay by 598.6% during the second quarter. Headlands Technologies LLC now owns 503 shares of the corporate payments company’s stock valued at $167,000 after acquiring an additional 431 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Corpay by 10.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 546 shares of the corporate payments company’s stock valued at $167,000 after acquiring an additional 51 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.