Corpay Q4 Revenue Up 20.7%, Corporate Payments Volume Soars 67%
Corpay posted Q4 revenue of $1.248 billion, up 20.7% year-over-year and YTD growth of 8%, with Corporate Payments volume surging 67% to $81.43 billion. The company plans $1.0–$1.3 billion in divestitures earmarked for buybacks, remediated a material control weakness and expects about $300 million from the Alpha acquisition in 2026.
1. Q4 Financial Results
Corpay generated $1.248 billion in Q4 revenue, rising 20.7% year-over-year and 8% year-to-date, with Corporate Payments volume jumping 67% to $81.43 billion, driving the company past consensus revenue estimates.
2. Portfolio Simplification and Buybacks
Management agreed to divest mobile payments platform PayByPhone and two additional vehicle payment assets, targeting $1.0–$1.3 billion in proceeds, which will be deployed toward share repurchases to return capital to shareholders.
3. Operational Improvements and Outlook
Corpay remediated a material weakness in internal controls, removed a significant overhang, and expects the Alpha acquisition to contribute roughly $300 million of incremental revenue in 2026 while guiding for approximately 22% EPS growth.