Corpay IncQ2 earnings beat and raised guidance

Corpay shares have gained 5.4% since its second-quarter earnings report, outperforming the S&P 500. The company reported adjusted earnings per share of $7, up 36% year over year and beating estimates by 6.1%, while revenues rose 21% to $1.34 billion, also surpassing expectations. Growth was driven by a 42% jump in Corporate Payments revenues to $548.7 million, which now account for 41% of total revenue, and a 13% increase in Vehicle Payments to $580.2 million, the largest segment. Adjusted EBITDA grew 24% to $767.2 million with margin expansion to 57.3%, despite a $100 million charge related to an FTC settlement. Corpay raised its full-year 2026 revenue guidance to $5.29-$5.33 billion and adjusted earnings to $27.15-$27.55 per share, and refinanced its credit facilities to improve financial flexibility.
Corpay IncQ2 earnings beat and raised guidance
Mastercard Inc