Corpay (NYSE:CPAY) Posts Earnings Results

Corpay (NYSE:CPAY) issued its quarterly earnings results on Wednesday. The corporate payments company reported $7.00 earnings per share for the quarter, topping the consensus estimate of $6.58 by $0.42, FiscalAI reports. Corpay had a net margin of 22.72% and a return on equity of 41.42%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the company posted $5.13 EPS. The company’s revenue was up 21.5% compared to the same quarter last year. 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 Stock Performance

NYSE:CPAY traded down $6.07 during trading hours on Friday, reaching $392.21. 169,099 shares of the stock were exchanged, compared to its average volume of 633,654. 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 has a 52 week low of $252.84 and a 52 week high of $405.95. The firm has a 50 day simple moving average of $357.37 and a 200-day simple moving average of $338.17. The stock has a market capitalization of $25.64 billion, a P/E ratio of 23.80, a P/E/G ratio of 1.07 and a beta of 0.87.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CPAY. Robert W. Baird set a $475.00 price objective on shares of Corpay in a research note on Thursday. Morgan Stanley set a $455.00 price target on Corpay in a report on Friday. Wolfe Research reaffirmed an “outperform” rating and issued a $475.00 target price on shares of Corpay in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on Corpay from $400.00 to $470.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods upped their price target on Corpay from $400.00 to $470.00 and gave the stock an “outperform” rating in a research note on Thursday. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Corpay currently has an average rating of “Moderate Buy” and a consensus price target of $421.08.

Insider Transactions at Corpay

In related news, insider Armando Lins Netto sold 70,476 shares of the company’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 transaction, the insider directly owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven T. Stull sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 28,241 shares of the company’s stock, valued at $10,188,787.98. This represents a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 88,677 shares of company stock worth $31,304,091. Corporate insiders own 5.19% of the company’s stock.

Hedge Funds Weigh In On Corpay

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in Corpay by 4.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 883 shares of the corporate payments company’s stock valued at $254,000 after purchasing an additional 37 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Corpay by 1.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,771 shares of the corporate payments company’s stock valued at $919,000 after buying an additional 39 shares in the last quarter. Hilltop Holdings Inc. grew its stake in Corpay by 4.0% during the third quarter. Hilltop Holdings Inc. now owns 1,151 shares of the corporate payments company’s stock valued at $332,000 after acquiring an additional 44 shares in the last quarter. Mackenzie Financial Corp grew its stake in Corpay by 0.6% during the fourth quarter. Mackenzie Financial Corp now owns 7,311 shares of the corporate payments company’s stock valued at $2,226,000 after acquiring an additional 46 shares in the last quarter. Finally, South Dakota Investment Council increased its holdings in Corpay by 3.3% in the 4th quarter. South Dakota Investment Council now owns 1,557 shares of the corporate payments company’s stock valued at $469,000 after acquiring an additional 50 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

About Corpay

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.