Jun 2026 (Q2 FY26) — Aug 5, 2026
Corpay Q2 FY26 — Record Earnings & Raised Full-Year Guidance
Read the full callCorpay (CPAY) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Corpay earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,339 | +21.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 35.3 | −8.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 248 | −12.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
42 of 48 judged targets kept · 33 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q2 adjusted EPS | $6.55 at the midpoint | Mar 2026 | We reported cash EPS of $7 on the button. That's up 36%, setting an all-time company earnings record | Achieved |
| Full-year cash EPS | $26 at the midpoint | Dec 2025 | We're raising our full year guidance for adjusted EPS to $27.35 per share at the midpoint, growing 28% year-over-year | Revised Up |
| Alpha and Avid combined incremental cash EPS accretion | at least $0.75 | Sep 2025 | the Alpha acquisition and the Avid investment, contributed $0.39 of cash EPS accretion in the quarter, spot on our target | On Track |
6 of CORPAY, INC.'s 81 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 78 more targets are in the full ledger.
Claimed
- Q2 revenue of $1.34 billion, up 21% YoY, beating expectations by $45 million.
- Cash EPS of $7.00, up 36% YoY, setting an all-time company record.
- Overall organic revenue growth of 10%, led by Corporate Payments at 16% and Vehicle Payments at 8%.
- New bookings grew 30% YoY, with retention steady at 93% and same-store sales up 1%.
- Full-year 2026 cash EPS guidance raised to $27.35 at the midpoint, implying 28% YoY growth.
Qualified
- Float revenue compression of 180 basis points in Corporate Payments due to lower interest rates YoY.
- Epyx divestiture expected to reduce 2026 revenue by $40 million, though EPS impact is neutral due to share repurchases.
- Operating costs increased 9% due to sales investments and modestly higher credit losses, including a $100 million settlement charge for the FTC matter.
Price
$402.56 +0.68% · +$2.72
Performance +41.0% 1Y
1Y: $285.46 on 17 Oct 2025 → $402.56. High $425.24 (13 Aug 2026), low $255 (30 Oct 2025).
- Previous close
- $399.84
- 52-week range
- $255 – $425.24
- One year
- +40.73%
Overview
- Symbol
- CPAY
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
42 of 48 judged targets kept · 33 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q2 adjusted EPS | $6.55 at the midpoint | Mar 2026 | We reported cash EPS of $7 on the button. That's up 36%, setting an all-time company earnings record | Achieved |
| Full-year cash EPS | $26 at the midpoint | Dec 2025 | We're raising our full year guidance for adjusted EPS to $27.35 per share at the midpoint, growing 28% year-over-year | Revised Up |
| Alpha and Avid combined incremental cash EPS accretion | at least $0.75 | Sep 2025 | the Alpha acquisition and the Avid investment, contributed $0.39 of cash EPS accretion in the quarter, spot on our target | On Track |
Claimed
- Q2 revenue of $1.34 billion, up 21% YoY, beating expectations by $45 million.
- Cash EPS of $7.00, up 36% YoY, setting an all-time company record.
- Overall organic revenue growth of 10%, led by Corporate Payments at 16% and Vehicle Payments at 8%.
- New bookings grew 30% YoY, with retention steady at 93% and same-store sales up 1%.
- Full-year 2026 cash EPS guidance raised to $27.35 at the midpoint, implying 28% YoY growth.
Qualified
- Float revenue compression of 180 basis points in Corporate Payments due to lower interest rates YoY.
- Epyx divestiture expected to reduce 2026 revenue by $40 million, though EPS impact is neutral due to share repurchases.
- Operating costs increased 9% due to sales investments and modestly higher credit losses, including a $100 million settlement charge for the FTC matter.
The full ledger
Open CORPAY, INC.’s full ledger
A free account opens 5 company ledgers a month. All 81 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
Corpay Q1 FY26 — Blowout Quarter with Strong Organic Growth and Raised Full-Year Guidance
Read the full callEvery analysed call
Corpay earnings calls (CPAY)
Financials
What the filings say
Net profit, year on year: −13% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,029 | 1,034 | 1,006 | 1,102 | 1,172 | 1,248 | 1,261 | 1,339 |
| Operating profit | 468 | 488 | 427 | 479 | 523 | 564 | 636 | 472 |
| Operating margin | 45.5% | 47.2% | 42.5% | 43.5% | 44.6% | 45.2% | 50.5% | 35.3% |
| Other income | -110 | -101 | -100 | -86 | -101 | -165 | -131 | -128 |
| Interest | 104 | 95 | 94 | 97 | 100 | 113 | 110 | 115 |
| Profit before tax | 358 | 387 | 328 | 393 | 422 | 399 | 505 | 345 |
| Tax rate | 22.9% | 36.5% | 25.5% | 27.7% | 34.0% | 33.5% | 30.0% | 27.0% |
| Net profit | 276 | 246 | 243 | 284 | 278 | 264 | 350 | 248 |
| EPS ($ per share) | 3.98 | — | 3.46 | 4.03 | 3.95 | — | 5.14 | 3.75 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 3,818 | 4,713 | 5,417 | 6,256 | 7,211 | 8,193 | 9,196 | 10,265 |
| Total liabilities | 7,862 | 8,537 | 7,839 | 10,538 | 11,548 | 12,194 | 14,811 | 22,481 |
| Fixed assets | 186 | 200 | 203 | 236 | 295 | 343 | 378 | 472 |
| Total assets | 11,202 | 12,249 | 11,195 | 13,405 | 14,089 | 15,476 | 17,957 | 26,408 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 903 | 1,162 | 1,473 | 1,197 | 755 | 2,101 | 1,941 | 1,500 |
| Cash from investing | -26 | -524 | -106 | -716 | -368 | -381 | -807 | 1,227 |
| Cash from financing | -578 | -310 | -1,417 | 344 | -311 | -898 | 405 | 1,562 |
| Net cash flow | 234 | 310 | -199 | 774 | 38 | 852 | 1,315 | 4,536 |
| Capital expenditure | -81 | -75 | -78 | -112 | -151 | -154 | -175 | -201 |
| Free cash flow | 822 | 1,087 | 1,394 | 1,086 | 603 | 1,947 | 1,765 | 1,299 |
CPAY revenue by segment
Corporate Payments grew from 31% to 41% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Vehicle Payments | 49% | — | 48% | 48% | 47% | — | 45% | 43% | +10.4% |
| Corporate Payments | 31% | — | 35% | 36% | 35% | — | 40% | 41% | +40.0% |
| Lodging Payments | 13% | — | 11% | 11% | 11% | — | 9% | 9% | +2.8% |
| Other Operating Segments | 6% | — | 6% | 6% | 7% | — | 7% | 6% | +33.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
CPAY operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Retention rate | 93.5%Overall retention finished at 93.5%.Source: earnings call transcript | 93%Retention remaining steady at 93%.Source: earnings call transcript | -0.5 pt |
| Payments volume Corporate Payments | $82BOverall, Corporate Payments performance was driven by growth in spend volumes, which increased organically 43% to $82 billion.Source: earnings call transcript | $95BOverall, Corporate Payments continued to be driven by strong underlying customer activity with organic spend increasing 43% to $95 billion.Source: earnings call transcript | +15.9% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- US 45% ↓ 11 pt
- Other Countries 24% ↑ 6 pt
- BR 16% ↑ 2 pt
- GB 15% ↑ 2 pt
As CPAY cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
105 filings between Dec 12, 2025 and Aug 25, 2026.
Open market
decisions to buy or sellPurchases
$2.52M
1 purchase by 1 insider
Sales
$148.20M
45 sales by 7 insiders
Compensation
not trading decisions- 18
- Award — granted as compensation
- 13
- Option exercise — converted options into shares
- 28
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Clarke Ronald | — | $88.51M | Aug 25, 2026 |
| Netto Armando Lins | — | $32.55M | Jun 15, 2026 |
| King Alan | — | $19.87M | Aug 21, 2026 |
| STULL STEVEN T | $2.52M | $3.24M | Aug 20, 2026 |
| Farrelly Joseph W | — | $2.17M | Aug 13, 2026 |
| SLOAN JEFFREY STEVEN | — | $1.24M | Feb 17, 2026 |
| Vickery Alissa B | — | $610.1K | Feb 10, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 25, 2026 | Clarke Ronald CEO & Chairman of BOD | Sale | 12,109 | $4.97M |
| Aug 25, 2026 | Clarke Ronald CEO & Chairman of BOD | Sale | 6,854 | $2.81M |
| Aug 25, 2026 | Clarke Ronald CEO & Chairman of BOD | Sale | 24,670 | $10.20M |
| Aug 25, 2026 | Clarke Ronald CEO & Chairman of BOD | Sale | 50,504 | $20.84M |
| Aug 25, 2026 | Clarke Ronald CEO & Chairman of BOD | Sale | 15,575 | $6.41M |
| Aug 25, 2026 | Clarke Ronald CEO & Chairman of BOD | Sale | 9,581 | $3.97M |
| Aug 25, 2026 | Clarke Ronald CEO & Chairman of BOD | Sale | 193 | $80.1K |
| Aug 24, 2026 | Clarke Ronald CEO & Chairman of BOD | Sale | 7,545 | $3.15M |
| Aug 24, 2026 | Clarke Ronald CEO & Chairman of BOD | Sale | 5,882 | $2.44M |
| Aug 24, 2026 | Clarke Ronald CEO & Chairman of BOD | Sale | 40 | $16.8K |
| Aug 24, 2026 | Clarke Ronald CEO & Chairman of BOD | Sale | 51,919 | $21.55M |
| Aug 24, 2026 | Clarke Ronald CEO & Chairman of BOD | Sale | 8,409 | $3.51M |
| Aug 24, 2026 | Clarke Ronald CEO & Chairman of BOD | Sale | 4,039 | $1.69M |
| Aug 24, 2026 | Clarke Ronald CEO & Chairman of BOD | Sale | 16,540 | $6.88M |
| Aug 21, 2026 | Clarke Ronald CEO & Chairman of BOD | Tax withheld | 290,043 | $120.99M |
| Aug 21, 2026 | King Alan GroupPresident IntlVehiclePmts | Sale | 3,805 | $1.59M |
| Aug 21, 2026 | Clarke Ronald CEO & Chairman of BOD | Option exercise | 450,000 | $67.83M |
| Aug 20, 2026 | STULL STEVEN T Director | Sale | 589 | $244.2K |
| Aug 20, 2026 | King Alan GroupPresident IntlVehiclePmts | Option exercise | 18,423 | $3.61M |
| Aug 20, 2026 | STULL STEVEN T Director | Sale | 889 | $367.8K |
| Aug 20, 2026 | STULL STEVEN T Director | Sale | 879 | $362.9K |
| Aug 20, 2026 | King Alan GroupPresident IntlVehiclePmts | Sale | 9,928 | $4.12M |
| Aug 20, 2026 | King Alan GroupPresident IntlVehiclePmts | Sale | 258 | $107.3K |
| Aug 20, 2026 | King Alan GroupPresident IntlVehiclePmts | Sale | 8,237 | $3.41M |
| Aug 19, 2026 | STULL STEVEN T Director | Sale | 40 | $16.5K |
| Aug 19, 2026 | STULL STEVEN T Director | Sale | 1,640 | $671.3K |
| Aug 19, 2026 | STULL STEVEN T Director | Sale | 360 | $147.7K |
| Aug 19, 2026 | STULL STEVEN T Director | Sale | 1,960 | $807.1K |
| Aug 18, 2026 | STULL STEVEN T Director | Sale | 188 | $77.4K |
| Aug 18, 2026 | STULL STEVEN T Director | Sale | 455 | $186.6K |
| Aug 18, 2026 | King Alan GroupPresident IntlVehiclePmts | Sale | 2,463 | $1.01M |
| Aug 18, 2026 | King Alan GroupPresident IntlVehiclePmts | Sale | 9,600 | $3.94M |
| Aug 18, 2026 | King Alan GroupPresident IntlVehiclePmts | Option exercise | 9,600 | $2.22M |
| Aug 18, 2026 | King Alan GroupPresident IntlVehiclePmts | Sale | 3,800 | $1.57M |
| Aug 18, 2026 | King Alan GroupPresident IntlVehiclePmts | Sale | 2,617 | $1.08M |
| Aug 18, 2026 | King Alan GroupPresident IntlVehiclePmts | Sale | 183 | $75.0K |
| Aug 18, 2026 | King Alan GroupPresident IntlVehiclePmts | Option exercise | 6,600 | $1.72M |
| Aug 18, 2026 | King Alan GroupPresident IntlVehiclePmts | Option exercise | 2,463 | $483.2K |
| Aug 14, 2026 | King Alan GroupPresident IntlVehiclePmts | Sale | 7,122 | $2.99M |
| Aug 14, 2026 | King Alan GroupPresident IntlVehiclePmts | Option exercise | 7,122 | $1.86M |
| Aug 13, 2026 | Farrelly Joseph W Director | Sale | 1,751 | $726.7K |
| Aug 12, 2026 | Farrelly Joseph W Director | Sale | 1,749 | $717.1K |
| Aug 12, 2026 | Farrelly Joseph W Director | Sale | 1,800 | $729.2K |
| Jul 15, 2026 | Walker Peter Chief Financial Officer | Tax withheld | 138 | $49.2K |
| Jul 15, 2026 | Walker Peter Chief Financial Officer | Award | 938 | $0 |
| Jul 15, 2026 | Walker Peter Chief Financial Officer | Tax withheld | 84 | $29.9K |
| Jul 15, 2026 | Walker Peter Chief Financial Officer | Tax withheld | 251 | $89.4K |
| Jul 15, 2026 | Walker Peter Chief Financial Officer | Award | 568 | $0 |
| Jul 15, 2026 | Walker Peter Chief Financial Officer | Tax withheld | 1,187 | $422.8K |
| Jun 15, 2026 | Netto Armando Lins GroupPresident Brazil&USVehPmt | Option exercise | 513 | $100.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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