Corpay, Inc. (CPAY) Earnings
Corpay, Inc. is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $6.56. CPAY has beaten EPS estimates in 3 of its last 7 reported quarters (average surprise +2.1% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $5.50 | $5.80 | +5.5% | $1.3B | +4.0% |
| Feb 4, 2026 | $5.95 | $6.04 | +1.5% | $1.2B | +3.3% |
| Nov 5, 2025 | $5.63 | $5.70 | +1.2% | $1.2B | +0.8% |
| Aug 6, 2025 | $5.12 | $5.13 | +0.2% | $1.1B | +0.2% |
| Feb 5, 2025 | $5.37 | $5.36 | -0.2% | $1.0B | -1.6% |
| Nov 7, 2024 | $4.97 | $5.00 | +0.6% | $1.0B | +0.3% |
| Mar 4, 2024 | $4.48 | $4.44 | -0.9% | $937M | -3.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Top five priorities include rotating portfolio to corporate payments, increasing USA sales in middle market, widening payables monetization, developing cross-border multi-currency account and integrating Alpha, and incorporating AI. Portfolio progress: Alpha organic revenue up 17% in Q1, Avid EBITDA up 50%. Midterm direction: Stay purpose of helping businesses manage expenses, rotate portfolio to corporate payments with divestitures and acquisitions, aim for three global businesses in employee payments, B2B payments, and cross-border.
Guidance
Raised full year 2026 revenue and earnings guidance. 2026 revenue guidance at midpoint $5.29 billion, growing 17% y/y. Q2 revenue guidance $1.295 billion at midpoint, growing 18% y/y. Adjusted EPS for rest of year at midpoint $26.70, growing 25% y/y. Q2 adjusted EPS at midpoint $6.55, growing 28% y/y.
Segment performance
Corporate payments delivered 16% organic growth in Q1 despite a 200 basis point drag from float revenue compression. Cross-border continued to perform strongly with solid sales and revenue. Alpha integration saw about 15% of clients migrated to the tech platform. Payables business performed well with volume growth. AVID's sales up over 20% vs Q1 2025, EBITDA grew 50%. Vehicle payments organic growth 10% driven by solid results in geographies. Lodging had sequential organic revenue growth improvement of 7% vs Q4 2025.
Analyst Q&A
Q: Strong quarter with underlying trends strong, any puts and takes for remainder of year?
A: Q1 delivered 11% organic growth, rest of year growing over 11% comp, raise for back half is $50 million combination of business performance and macro.
Q: Divestiture and acquisition opportunities?
A: Super late innings on a meaningful divestiture, teasing out additional non-core things, digging into corporate payment assets.
Q: Rotating to corporate payments, capabilities and TAM?
A: Mostly geographic and vertical bulking up, looking for acquisitions close to existing business for synergies.
Q: Cross-border next steps?
A: Tune in to cross-border deep dive, base business performing well, migrations and blockchain rail agreements in progress.
Q: USA sales focusing on middle market?
A: Micro market had issues, middle market is bigger, more stable, fleet business now part of corporate payments.
Q: Lodging business drivers?
A: Base stabilized, same-store sales positive, second half expected mid to high single-digit growth.
Q: U.S. fleet business same-store sales?
A: U.S. fleet business had plus one same-store sales in base, growth tied to middle market sales model.
Q: AP spend management and cross-border growth rate?
A: Both growing significantly in high teens, payables business now global with spend management in Europe.
Q: MasterCard partnership progress?
A: Pleased with partnership, made sales contracts, foreign bank account product popular.
Q: Q2 cross-border comp?
A: No specific issues, cross-border opportunity big with 1% of $160 trillion market.
Q: Corporate volumes and Q2 cross-border comp?
A: No specific comp issues, volume-grower businesses, some giant accounts skew averages.