Corpay (NYSE:CPAY) Issues Quarterly Earnings Results

Corpay (NYSE:CPAY) announced 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. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.30 billion. Corpay had a return on equity of 38.68% and a net margin of 24.60%.The company’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the company earned $5.13 EPS. 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 Corpay stock traded up $5.02 during trading on Thursday, reaching $399.55. The company’s stock had a trading volume of 683,082 shares, compared to its average volume of 635,696. The stock has a 50-day moving average price of $356.34 and a two-hundred day moving average price of $337.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.86. Corpay has a one year low of $252.84 and a one year high of $405.95. The stock has a market capitalization of $26.11 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 1.08 and a beta of 0.87.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CPAY shares. UBS Group boosted their price target on shares of Corpay from $385.00 to $415.00 and gave the company a “neutral” rating in a report on Thursday. Oppenheimer reissued an “outperform” rating and issued a $388.00 price target on shares of Corpay in a research report on Friday, May 8th. Morgan Stanley lifted 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. Wolfe Research restated an “outperform” rating and set a $475.00 target price on shares of Corpay in a research report on Thursday. Finally, Keefe, Bruyette & Woods boosted their price target on Corpay from $400.00 to $470.00 and gave the company an “outperform” rating in a research note on Thursday. Twelve equities research 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 has a consensus rating of “Moderate Buy” and an average target price of $411.85.

Insider Buying and Selling

In other Corpay news, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total transaction of $360,780.00. Following the transaction, the director owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. This represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $352.13, for a total value of $24,816,713.88. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 88,677 shares of company stock worth $31,304,091 over the last quarter. 5.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On Corpay

Several large investors have recently made changes to their positions in the company. Orbis Allan Gray Ltd raised its holdings in Corpay by 20.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock worth $1,501,029,000 after purchasing an additional 859,854 shares during the last quarter. State Street Corp boosted its stake in shares of Corpay by 0.8% in the 3rd quarter. State Street Corp now owns 2,956,744 shares of the corporate payments company’s stock valued at $851,720,000 after purchasing an additional 23,470 shares during the last quarter. Invesco Ltd. grew its position in shares of Corpay by 0.5% during the 4th quarter. Invesco Ltd. now owns 1,751,048 shares of the corporate payments company’s stock worth $526,943,000 after buying an additional 8,783 shares during the period. Spruce House Investment Management LLC grew its position in shares of Corpay by 95.3% during the 4th quarter. Spruce House Investment Management LLC now owns 830,000 shares of the corporate payments company’s stock worth $249,772,000 after buying an additional 405,000 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Corpay by 54.9% during the third quarter. Wellington Management Group LLP now owns 631,496 shares of the corporate payments company’s stock worth $181,909,000 after buying an additional 223,704 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Key Stories Impacting Corpay

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Q2 results exceeded expectations. Corpay reported adjusted earnings of $7.00 per share versus the $6.58 consensus estimate, while revenue rose 21.5% year over year to $1.34 billion, beating the $1.30 billion forecast. Management cited strong Corporate Payments performance, expanding margins and double-digit organic revenue growth for the fifth consecutive quarter. Corpay Reports Second Quarter Financial Results
• Positive Sentiment: Full-year and third-quarter forecasts were raised above analyst expectations. Corpay guided to 2026 EPS of $27.15-$27.55, above the $26.52 consensus, and third-quarter EPS of $7.05-$7.25 versus estimates of $6.96. Third-quarter revenue guidance of approximately $1.4 billion also exceeds the roughly $1.3 billion consensus. Corpay Q2 Earnings Beat Estimates on Corporate Payments Strength
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target. The firm increased its target from $400 to $470 and reiterated an “outperform” rating, indicating continued confidence in Corpay’s earnings momentum and valuation potential. Keefe, Bruyette & Woods Price Target Update
• Neutral Sentiment: Corpay agreed to sell its non-core UK vehicle-payments businesses—epyx, r2c Online and Business Gateway—to OEConnection. The divestiture could sharpen management’s focus on higher-priority corporate payments operations, although financial terms and the immediate earnings impact were not disclosed. Corpay Announces Agreement to Sell Non-Core Vehicle Payments Business

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.