Corpay Inc. reported record second-quarter 2026 results with revenue of $1.34 billion, up 21% year-over-year and $45 million above expectations, while cash earnings per share reached $7.00, up 36% and an all-time company record. Management raised full-year 2026 revenue guidance to $5.31 billion at the midpoint, representing 17% growth, and lifted cash EPS guidance to $27.35, up from an initial $26 target and implying 28% growth for the year. The company recorded a $100 million settlement charge tied to an FTC matter, still subject to final commission approval, and operating costs rose 9% excluding currency, stock compensation, and amortization. Corpay is also divesting Epics, a smaller vehicle payments asset, in a deal expected to close between September and October, which is expected to cut 2026 revenue by about $40 million, though proceeds will fund buybacks to keep the earnings impact neutral. Hedge fund interest edged higher with 43 funds holding positions versus 42 in the prior quarter, and short interest sits at 4.09% of float, while the stock trades at a forward P/E of 16.13 as of August 14.
Corpay IncRecord Q2 results and raised guidance despite a one-time charge
