Corpay Q1 revenue, adjusted EPS beat estimates

Corpay

07/05/2026 21:17

Overview

Corporate payments firm's Q1 revenue rose 25%, beating analyst expectations

Adjusted EPS for Q1 grew 29%, beating analyst expectations

Company repurchased 2.4 mln shares for $786 mln during the quarter

Outlook

Corpay raises 2026 full-year revenue outlook to $5.25 bln-$5.33 bln

Company expects Q2 2026 revenue of about $1.295 bln at midpoint

Corpay sees 2026 adjusted net income per diluted share of $26.30-$27.10

Result Drivers

CORPORATE PAYMENTS GROWTH - Organic revenue growth in the Corporate Payments segment reached 16%, helping drive overall results

LODGING IMPROVEMENT - Lodging segment performance improved significantly on a sequential basis

Company press release: ID:nBw1v91R9a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.26 bln
$1.21 bln (11 Analysts)
Q1 Adjusted EPS
Beat
$5.80
$5.47 (13 Analysts)
Q1 EPS
$5.07
Q1 Adjusted Net Income
$397.2 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 $380.00, about 24.4% above its May 6 closing price of $305.43

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)