Corpay (NYSE:CPAY) Posts Quarterly Earnings Results, Beats Estimates By $0.34 EPS

Key Points

• Corpay reported quarterly EPS of $7.54, beating analysts’ $7.20 estimate by $0.34; revenue was $1.38 billion, above consensus of $1.36 billion and up 17.9% year over year.
• Management raised its 2026 outlook to a midpoint of $5.35 billion in revenue and $28 in adjusted EPS. Organic revenue grew 11% for a sixth consecutive quarter, with Corporate Payments organic growth accelerating to 18%.
• For 2027, Corpay expects 9%–11% organic revenue growth and plans to put roughly $2 billion in free cash flow toward acquisitions or share repurchases.

Corpay (NYSE:CPAY - Get Free Report) issued its quarterly earnings data on Wednesday. The corporate payments company reported $7.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.20 by $0.34, FiscalAI reports. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%. The firm's revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the business posted $5.70 earnings per share.

Here are the key takeaways from Corpay's conference call:

• Corpay reported Q3 revenue of $1.38 billion, up 18%, and cash EPS of $7.54, up 32%; organic revenue grew 11% for a sixth consecutive quarter. The company raised its 2026 midpoint outlook to $5.35 billion in revenue and $28 in adjusted EPS.
• Corporate Payments accelerated to 18% organic growth, with organic spend up 24% to $95 billion; management said growth normalized to about 17% after roughly one point of one-time monetization. Vehicle Payments grew 8%, while Lodging improved to 3% but remained mixed, with its workforce business stronger than smaller niches.
• For 2027, management expects 9%–11% organic revenue growth and mid-teens-or-better Corporate Payments growth. It cited more than $500 million in 2026 Corporate Payments sales as a source of future revenue ramp and plans to deploy roughly $2 billion of free cash flow to acquisitions or buybacks.
• Management said Alpha and Avid are exceeding expectations and together are expected to contribute more than $1.40 of 2026 cash EPS accretion, versus an initial $1 target. Corpay has divested two non-core businesses for about $1.2 billion, used proceeds in part for share repurchases, and is pursuing further divestitures and Corporate Payments acquisitions.
• Corpay reported early traction with its U.K. spend-management launch, reaching more than $1 billion in annualized volume and a $15 million revenue run rate exiting Q4. Management sees potential to expand the platform into additional international markets, organically and through acquisitions.

Corpay Price Performance

CPAY traded up $12.21 during trading on Wednesday, reaching $418.79. The stock had a trading volume of 693,149 shares, compared to its average volume of 455,126. The business has a 50-day moving average of $403.19 and a 200-day moving average of $359.03. Corpay has a one year low of $256.38 and a one year high of $427.46. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $27.50 billion, a PE ratio of 25.49, a PEG ratio of 1.11 and a beta of 0.94.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CPAY shares. Weiss Ratings upgraded Corpay from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Raymond James Financial reissued an "outperform" rating and set a $442.00 price objective on shares of Corpay in a report on Thursday, August 6th. Morgan Stanley upped their price objective on shares of Corpay from $455.00 to $460.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 28th. JPMorgan Chase & Co. upped their price objective on shares of Corpay from $400.00 to $470.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Finally, Scotiabank began coverage on shares of Corpay in a research note on Wednesday, September 2nd. They issued an "outperform" rating and a $536.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Corpay presently has an average rating of "Moderate Buy" and an average price target of $450.00.

Insider Activity

In related news, CEO Ronald Clarke sold 119,486 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the transaction, the chief executive officer directly owned 2,354,330 shares of the company's stock, valued at approximately $970,925,692. This trade represents a 4.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven T. Stull sold 2,357 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $413.62, for a total value of $974,902.34. Following the completion of the sale, the director owned 21,241 shares of the company's stock, valued at $8,785,702.42. The trade was a 9.99% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 220,860 shares of company stock valued at $91,395,514. Corporate insiders own 5.19% of the company's stock.

Corpay News Summary

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Corpay reported adjusted earnings of $7.54 per share, above analyst expectations of about $7.19–$7.20 and up from $5.70 a year earlier. Revenue rose to $1.38 billion, topping the $1.36 billion consensus. Corpay Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: The company raised its fiscal 2026 outlook, forecasting revenue of $5.34 billion to $5.36 billion—above FactSet’s $5.32 billion estimate. Higher guidance suggests management sees continued strength in the business. Corpay 2026 Revenue Outlook
• Neutral Sentiment: Corpay completed the sale of its vehicle maintenance business. The articles provided no sale price or details on the financial impact, so the effect on earnings and valuation is unclear. Corpay Completes Sale of Vehicle Maintenance Business

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.

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