Corpay

Q2 FY2026 EarningsQ2 FY26 results beat consensus on both top and bottom lines: revenue $1.34B vs. $1.30B expected (+3% beat), and Normalized EPS $7.00 vs. $6.59 expected (+6% beat). Corporate Payments revenue surged 42% YoY, primarily driven by the Alpha acquisition and 43% organic spend growth. Despite a $100M FTC-related contingent loss impacting GAAP figures, adjusted EBITDA margins expanded to 57.3% (vs. 56.3% YoY). Strong organic growth (+10%) and strategic divestitures of lower-margin assets like PayByPhone continue to optimize the portfolio.