10-QPeriod: Q1 FY2026

CORPAY, INC. Quarterly Report for Q1 Ended Mar 31, 2026

Filed May 8, 2026For Securities:CPAY

Summary

Corpay, Inc. (CPAY) reported robust financial performance for the quarter ended March 31, 2026, with consolidated revenues increasing by 25.4% to $1.26 billion year-over-year. This growth was driven by strong organic revenue growth of 11%, supplemented by contributions from recent acquisitions. Net income attributable to Corpay surged by 43.9% to $350.1 million, resulting in diluted earnings per share of $5.07, up from $3.40 in the prior year period. The company's performance was bolstered by significant strength in its Corporate Payments segment, which saw a 46% revenue increase, and its Vehicle Payments segment, up 18.9%. The disposal of the PayByPhone business in March 2026 contributed a significant pre-tax gain of $121.4 million to operating income. Corpay continues to focus on strategic growth, evidenced by ongoing share repurchases and recent large-scale acquisitions like Alpha, contributing to a strong financial position and outlook.

Financial Highlights

50 data points
Beta

Revenue

$1.26B

Net Income

$353.71M

28.1% Net Margin

EPS (Diluted)

$5.07

Total Assets

$26.66B

Cash & Equivalents

$2.54B

Free Cash Flow

-$107.71M

Financial Statements
Beta
Revenue$1.26B
Operating Income$636.16M
Net Income$353.71M
EPS (Basic)$5.14
EPS (Diluted)$5.07
Shares Outstanding (Basic)67.54M
Shares Outstanding (Diluted)68.44M

Key Highlights

  • 1Consolidated revenues increased by 25.4% to $1.26 billion for the quarter ended March 31, 2026.
  • 2Net income attributable to Corpay significantly increased by 43.9% to $350.1 million.
  • 3Diluted earnings per share rose to $5.07 from $3.40 in the prior year period.
  • 4The Corporate Payments segment experienced a substantial revenue growth of 46.0%.
  • 5The Vehicle Payments segment reported an 18.9% increase in revenue.
  • 6A pre-tax net gain of $121.4 million was recognized from the disposition of the PayByPhone business.
  • 7The company repurchased approximately $786 million of common stock during the quarter.

Frequently Asked Questions

Corpay's consolidated revenue grew by 25.4% to $1.26 billion, primarily driven by a combination of 11% organic revenue growth, strong performance in the Corporate Payments and Vehicle Payments segments, and contributions from acquisitions completed in 2025. The disposition of the PayByPhone business also contributed a significant gain.

Profitability saw a significant improvement, with net income attributable to Corpay increasing by 43.9% to $350.1 million. This translated into diluted earnings per share of $5.07, up from $3.40 in the prior year's comparable quarter, reflecting strong operational performance and strategic gains.

Corpay continues to actively return capital to shareholders through its share repurchase program, buying back approximately $786 million of common stock during the quarter. The company also remains acquisitive, with substantial acquisitions like Alpha and a minority investment in AvidXchange completed in the prior year, indicating a balanced approach to growth through both organic means and strategic M&A.

Yes, the disposition of the PayByPhone business in March 2026 resulted in a pre-tax net gain of $121.4 million, which positively impacted the company's operating income. Additionally, the company incurred integration and deal-related costs associated with recent acquisitions.