--- title: "Corpay | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.339 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/295009857.md" datetime: "2026-08-05T20:26:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295009857.md) - [en](https://longbridge.com/en/news/295009857.md) - [zh-HK](https://longbridge.com/zh-HK/news/295009857.md) generator: "portal-rs" --- # Corpay | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.339 B Revenue: As of FY2026 Q2, the actual value is USD 1.339 B, beating the estimate of USD 1.3 B. EPS: As of FY2026 Q2, the actual value is USD 3.7, missing the estimate of USD 4.9419. EBIT: As of FY2026 Q2, the actual value is USD 466 M. ### Second Quarter 2026 Financial Highlights #### Overall Performance Corpay, Inc. reported 21% revenue growth and 36% adjusted EPS growth for the second quarter of 2026. Organic revenue grew by 10% for the fifth consecutive quarter. #### GAAP Results - **Revenues, net**: Increased 21% to $1,338.8 million in the second quarter of 2026, up from $1,102.0 million in the second quarter of 2025. For the six months ended June 30, 2026, revenues, net were $2,599.8 million, a 23% increase from $2,107.7 million in the prior year period. - **Net income attributable to Corpay**: Decreased 13% to $248.3 million in the second quarter of 2026, compared to $284.2 million in the second quarter of 2025. For the six months ended June 30, 2026, net income attributable to Corpay was $598.4 million, a 13% increase from $527.4 million in the prior year period. - **Operating Income**: For the three months ended June 30, 2026, operating income was $472.3 million, a -1% change from $479.4 million in the prior year period. For the six months ended June 30, 2026, operating income was $1,108.4 million, a 22% increase from $906.5 million in the prior year period. - **Expenses (Q2 2026 vs Q2 2025)**: - Processing: $275.2 million (15% increase). - Selling: $150.6 million (30% increase). - General and administrative: $223.7 million (26% increase). - Depreciation and amortization: $118.3 million (29% increase). - Other operating, net: $99.9 million (not meaningful change). - **Other Expenses (Q2 2026 vs Q2 2025)**: - Interest expense, net: $114.7 million (18% increase). - Loss on extinguishment of debt: $6.6 million (not applicable in 2025). - **FTC Settlement**: A $100 million charge was recorded for a preliminary settlement with the FTC’s Bureau of Consumer Protection. #### Non-GAAP Results - **Organic revenue growth**: 10% in the second quarter of 2026. - **Adjusted EBITDA**: Increased 24% to $767.2 million in the second quarter of 2026, compared to $620.6 million in the second quarter of 2025. For the six months ended June 30, 2026, Adjusted EBITDA was $1,455.8 million, up from $1,176.0 million in the prior year period. - **Adjusted EBITDA margin**: 57.3% in the second quarter of 2026, compared to 56.3% in the second quarter of 2025. - **Adjusted net income attributable to Corpay**: Increased 27% to $464.4 million in the second quarter of 2026, compared with $366.4 million in the second quarter of 2025. For the six months ended June 30, 2026, adjusted net income attributable to Corpay was $861.6 million, up from $689.3 million in the prior year period. #### Operational Metrics by Segment (Q2 2026 vs Q2 2025) - **Corporate Payments**: - Revenues, net: $548.7 million (42% increase). - Organic revenue growth: 16%. - Spend volume: $94,635 million (70% increase). - Revenues, net per spend $: 0.58% ( -17% decrease). - Operating income: $199.6 million (27% increase). - **Vehicle Payments**: - Revenues, net: $580.2 million (13% increase). - Transactions: 147.6 million ( -29% decrease). - Parking transactions: -67.8 million ( -100% decrease) due to the sale of PayByPhone in March 2026. - Revenues, net per transaction: $3.93 (59% increase). - Operating income: $190.1 million ( -21% decrease). - **Lodging Payments**: - Revenues, net: $123.2 million (3% increase). - Room nights: 7.5 million ( -13% decrease). - Revenues, net per room night: $16.34 (18% increase). - Operating income: $49.5 million (no meaningful change). - **Other**: - Revenues, net: $86.7 million (5% increase). - Transactions: 450.4 million (7% increase). - Revenues, net per transaction: $0.19 ( -2% decrease). - Operating income: $33.1 million (5% increase). #### Balance Sheet and Cash Flow (Six Months Ended June 30, 2026 vs 2025) - **Cash and cash equivalents**: $3,163.5 million as of June 30, 2026, compared to $2,408.1 million as of December 31, 2025. - **Restricted cash**: $7,004.8 million as of June 30, 2026, compared to $6,583.8 million as of December 31, 2025. - **Total assets**: $28,224.2 million as of June 30, 2026, compared to $26,408.1 million as of December 31, 2025. - **Net cash provided by operating activities**: $1,413.5 million, up from $1,066.1 million in the prior year period. - **Net cash provided by investing activities**: $321.5 million, compared to net cash used of -$222.6 million in the prior year period, including proceeds from disposition, net of cash, of $421.7 million. - **Net cash used in financing activities**: -$419.7 million, compared to net cash provided of $78.4 million in the prior year period, including repurchases of common stock totaling -$1,112.5 million. - **Debt**: The company strengthened its balance sheet by refinancing debt facilities and increased its revolving credit facility to $3.7 billion. - **Leverage ratio**: 2.55x at quarter-end. - **Share Repurchases**: Corpay repurchased 1 million shares for $321 million during the quarter. ### Outlook and Guidance Corpay, Inc. raised its full-year 2026 outlook due to strong second-quarter performance, favorable macro conditions, and continued confidence in business strength. For fiscal year 2026, total revenues are expected to be between $5.290 billion and $5.330 billion, with adjusted net income per diluted share projected between $27.15 and $27.55, representing 28% growth at the midpoint year over year. For the third quarter of 2026, revenue is anticipated to be approximately $1.355 billion at the midpoint, growing 16% year over year, and adjusted net income per diluted share is expected to be $7.15 at the midpoint, growing 26% year over year. ### Related Stocks - [CPAY.US](https://longbridge.com/en/quote/CPAY.US.md) ## Related News & Research - [Corpay Insiders Sold Shares Worth Over $8.6M](https://longbridge.com/en/news/296650858.md) - [Corpay Director Steven T. 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