Corpay raises 2026 revenue outlook to $5.290 bln-$5.330 bln, up 17% at midpoint
Company expects 2026 adjusted EPS between $27.15 and $27.55, up 28% at midpoint
Corpay sees Q3 revenue about $1.355 bln and adjusted EPS of $7.15 at midpoint
Overview
Corporate payments provider's Q2 revenue rose 21%, beating analyst expectations
Adjusted EPS for Q2 grew 36%, beating analyst expectations
Company took $100 mln charge for preliminary FTC settlement, weighing on GAAP net income
Result drivers
Corporate payments growth - Co said double-digit organic revenue growth was driven by further rotation into corporate payments and spend management
Corporate payments segment - Co reported 16% organic revenue growth in Corporate Payments segment
Lodging segment improvement - Co said lodging segment continued sequential organic revenue improvement
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
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