Home / Business and Economy / Corpay Soars: Q2 Revenue Jumps 21%, Beats Expectations
Corpay Soars: Q2 Revenue Jumps 21%, Beats Expectations
16 Aug
Summary
- Corpay's Q2 2026 revenue reached $1.34 billion, a 21% year-over-year increase.
- Company cash earnings per share hit an all-time record of $7.00, up 36%.
- Full-year 2026 guidance was raised for both revenue and cash earnings per share.
Corpay Inc. announced significant second-quarter 2026 financial results, highlighted by a 21% year-over-year revenue increase to $1.34 billion, exceeding projections by $45 million. The company also achieved a record cash earnings per share (EPS) of $7.00, reflecting a 36% growth.
Organic revenue growth was strong at 10%, driven by Corporate Payments (16% growth) and Vehicle Payments (8% growth). New bookings surged by 30% year-over-year, and same-store sales turned positive at 1%. Recent acquisitions, Alpha and Avid, contributed positively to EPS and EBITDA, respectively.
Corpay has raised its full-year 2026 revenue guidance to $5.31 billion and its cash EPS guidance to $27.35. The company also noted approximately $15 billion in available capital for future share buybacks or acquisitions.
However, the report also noted a $100 million settlement charge related to an FTC matter and a 9% increase in operating costs. Additionally, Corpay is divesting its Epics asset, expected to reduce 2026 revenue by $40 million, though proceeds will fund buybacks to maintain neutral EPS impact.
