Corpay beats Q2 revenue estimates on corporate payments growth, raises 2026 outlook

Corpay

05/08/2026 21:35

Overview
Corporate payments provider's Q2 revenue rose 21%, beating analyst expectations
Adjusted EPS for Q2 grew 36%, beating analyst expectations
Company took $100 mln charge for preliminary FTC settlement, weighing on GAAP net income

Outlook
Corpay raises 2026 revenue outlook to $5.290 bln-$5.330 bln, up 17% at midpoint
Company expects 2026 adjusted EPS between $27.15 and $27.55, up 28% at midpoint
Corpay sees Q3 revenue about $1.355 bln and adjusted EPS of $7.15 at midpoint

Result Drivers
CORPORATE PAYMENTS GROWTH - Co said double-digit organic revenue growth was driven by further rotation into corporate payments and spend management
CORPORATE PAYMENTS SEGMENT - Co reported 16% organic revenue growth in Corporate Payments segment
LODGING SEGMENT IMPROVEMENT - Co said lodging segment continued sequential organic revenue improvement

Company press release: ID:nBw63G00Qa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.34 bln
$1.30 bln (11 Analysts)
Q2 Adjusted EPS
Beat
$7
$6.58 (13 Analysts)
Q2 EPS
 
$3.70
 
Q2 Adjusted Net Income
 
$464.40 mln
 
Q2 Net Income attributable to Company
 
$248.307 mln
 
Q2 Operating income
 
$472.27 mln
 
Q2 Pretax Profit
 
$344.72 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Corpay, Inc. is $392.33, about 1.1% below its August 4 closing price of $396.52
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)