Corpay Delivers Strong Q3 2026 Results, Raises Full-Year Guidance

Executive Summary

Corpay, Inc. (NYSE: CPAY) filed Form 8-K under Items 2.02 and 7.01 to furnish its Q3 2026 financial results and update full-year guidance. The company outperformed previous expectations, driven by 18% reported revenue growth and 11% organic revenue growth, while raising full-year 2026 guidance across top and bottom-line metrics.

Key Financial Highlights

• Revenues: $1,381.9 million, an increase of 18% compared to $1,172.5 million in Q3 2025.
• Organic Revenue Growth: 11% YoY, marking the fifth quarter out of the last six with at least 11% organic expansion.
• GAAP Net Income & EPS: Net income attributable to Corpay reached $378.4 million (+36% YoY), generating diluted EPS of $5.66 (+45% YoY).
• Non-GAAP Adjusted Metrics:
  • Adjusted EBITDA rose 17% to $793.8 million (57.4% EBITDA margin).
  • Adjusted Net Income increased 24% to $500.7 million.
  • Adjusted EPS rose 32% to $7.54 per diluted share.
• Segment Drivers: Corporate Payments delivered 18% organic revenue growth, supported by strong demand in spend management and cross-border solutions.

Capital Allocation & Share Repurchases

• Q3 Buybacks: Corpay repurchased 1.9 million shares during the third quarter for approximately $747 million.
• YTD Buybacks: Total year-to-date share repurchases reached 5.25 million shares for $1.85 billion.
• Deleveraging: Management reiterated its commitment to direct free cash flow and proceeds from the sale of its maintenance business toward debt paydown.

Raised FY 2026 Guidance

Management raised full-year 2026 financial outlook:

• Revenues: $5.340 billion – $5.360 billion (18% growth at midpoint).
• GAAP Diluted EPS: $20.03 – $20.23.
• Adjusted Diluted EPS: $27.90 – $28.10 (31% growth at midpoint).
• Q4 2026 Outlook: Revenue anticipated at approximately $1.37 billion with Adjusted EPS of ~$7.65 at the midpoint.