Earnings summaries and quarterly performance for CORPAY.
Executive leadership at CORPAY.
Board of directors at CORPAY.
Annabelle Bexiga
Detailed
Director
Archie Jones, Jr.
Detailed
Director
Gerald Throop
Detailed
Director
Hala Moddelmog
Detailed
Director
Jeffrey Sloan
Detailed
Director
Joseph Farrelly
Detailed
Director
Rahul Gupta
Detailed
Director
Richard Macchia
Detailed
Director
Steven Stull
Detailed
Director
Thomas Hagerty
Detailed
Director
Research analysts who have asked questions during CORPAY earnings calls.
Andrew Jeffrey
William Blair & Company
2 questions for CPAY
Also covers: AFRM, CHYM, FI +6 more
Darrin Peller
Wolfe Research, LLC
2 questions for CPAY
Also covers: ACN, ADYYF, AVDX +24 more
David Koning
Robert W. Baird & Co.
2 questions for CPAY
Also covers: ACN, AVDX, CNXC +16 more
John Davis
Raymond James Financial
2 questions for CPAY
Also covers: EVRI, EVTC, FIS +7 more
Ken Suchoski
Autonomous Research
2 questions for CPAY
Also covers: BILL, CRCL, FIS +7 more
Mihir Bhatia
Bank of America
2 questions for CPAY
Also covers: ACT, AXP, BFH +11 more
Nate Svensson
Deutsche Bank
2 questions for CPAY
Also covers: AFRM, DAVA, EVTC +8 more
Ramsey El-Assal
Barclays
2 questions for CPAY
Also covers: ACN, ADP, AFRM +20 more
Sanjay Sakhrani
Keefe, Bruyette & Woods (KBW)
2 questions for CPAY
Also covers: ALLY, AVDX, AXP +17 more
Tien-tsin Huang
JPMorgan Chase & Co.
2 questions for CPAY
Also covers: ACN, ADP, ALIT +23 more
Trevor Williams
Jefferies LLC
2 questions for CPAY
Also covers: ACIW, FIS, GPN +8 more
Recent press releases and 8-K filings for CPAY.
CPAY Discusses 2026 Outlook, Corporate Payments Growth, and Strategic Initiatives
CPAY
Guidance Update
M&A
Share Buyback
- CPAY anticipates favorable macro trends for 2026, with expectations of interest rates coming down in the U.S. and positive FX tailwinds.
- The company projects its Corporate Payments business to achieve 15% organic growth in Q4 despite a 300 basis points headwind from float, and expects this segment to be over $2 billion in 2026.
- Key strategic initiatives include the acquisition of Alpha, which adds a private capital markets business with $3 billion in cash funds, and a Mastercard partnership for $300 million (a 3% stake), expected to provide a 1 to 3 basis points uplift in cross-border business in 2026.
- For 2026, CPAY has a preliminary outlook for roughly 10% top-line growth, driven by high to mid-teens growth in corporate payments and double-digit growth in vehicle payments.
- Management indicates a focus on share buybacks due to the stock being considered "incredibly undervalued," while remaining open to M&A opportunities.
2 days ago
CPAY CFO Provides Update on 2026 Outlook and Business Strategy
CPAY
Guidance Update
M&A
Share Buyback
- CPAY anticipates approximately 10% top-line growth for 2026, with Corporate Payments expected to deliver mid-to-high teens growth and Vehicle Payments projected for double-digit growth.
- The Corporate Payments business is projected to exceed $2 billion in 2026 and is expanding into new segments (financial institutions, private capital markets, digital market) through strategic acquisitions like Alpha and partnerships with Mastercard and Circle.
- For 2026, CPAY expects favorable macro trends, including anticipated interest rate reductions in the U.S. and a positive foreign exchange environment.
- The company plans a heavier focus on share buybacks in late 2025 and into 2026, citing the stock's undervaluation, while remaining open to M&A opportunities.
- The North America Fleet business, a $700 million segment, is expected to maintain mid-single digit organic growth in Q4 and throughout 2026.
2 days ago
Corpay Completes Mastercard Minority Investment in Cross-Border Business
CPAY
New Projects/Investments
M&A
Guidance Update
- Corpay has completed Mastercard's $300 million minority investment in its cross-border business.
- This transaction values Corpay's Cross-Border Business at approximately $13 billion, with Mastercard acquiring a ~2.3% equity stake.
- A new commercial partnership was established to integrate Corpay's cross-border services with Mastercard's financial institution customer base.
- Corpay projects its Corporate Payments 2026 revenue to surpass $2 billion, which is expected to represent over 40% of the company's total revenues next year.
2 days ago
Corpay Provides 2026 Organic Growth Outlook and Updates on Strategic Initiatives
CPAY
Guidance Update
M&A
Share Buyback
- Corpay is targeting 9%-11% organic growth for 2026 and reported no meaningful change to its 2024 outlook as of December 2, 2025.
- The company recently closed the ~$2.5 billion Alpha Group acquisition to enhance cross-border capabilities and took a one-third stake in AvidXchange with an option to acquire the remainder within 32-33 months.
- Mastercard invested $300 million in Corpay's cross-border business, a deal that recently closed and is expected to drive incremental growth by improving capabilities for regional banks.
- Corpay is exploring the divestiture of non-core international vehicle payments assets, with potential proceeds to be reallocated towards corporate payments or share buybacks, and anticipates ending the year with 2.8 times leverage.
- Generating approximately $1.5 billion in annual free cash flow, Corpay prioritizes accretive M&A but is currently leaning towards share buybacks given its stock's current valuation.
Dec 2, 2025, 8:35 PM
Corpay Outlines 2026 Organic Growth Targets and Strategic Initiatives
CPAY
Guidance Update
M&A
New Projects/Investments
- Corpay is targeting 9%-11% organic growth for 2026, with the Q4 2024 outlook remaining consistent as of December 2nd, 2025.
- The corporate payments segment is projected to achieve mid-high teens organic growth in 2026, with a long-term vision to grow from $2+ billion in revenue in 2026 to five times that size.
- Corpay completed the acquisition of Alpha Group, expected to add $200 million in revenue, and received a $300 million investment from Mastercard in its cross-border business. Additionally, Corpay made a significant investment in AvidXchange with an option to acquire the remaining stake within 32-33 months.
- The company expects to generate approximately $1.5 billion in free cash flow in 2025 and projects year-end leverage of around 2.8 times. Corpay indicates a current preference for share buybacks due to prevailing valuations.
Dec 2, 2025, 8:35 PM
Corpay CFO Discusses Strategic Growth, M&A, and Capital Allocation
CPAY
M&A
Revenue Acceleration/Inflection
Share Buyback
- Corpay's CFO, Peter Walker, highlighted the significant untapped market opportunity in corporate payments, expecting high teens organic growth in this segment, which now constitutes over 80% of revenue alongside vehicle payments.
- The company recently closed the Alpha transaction and made a one-third investment in Avid, projecting at least $0.75 of cash EPS accretion in 2026 from these combined deals.
- Corpay has strengthened its liquidity, including a $1 billion increase in its revolver, and anticipates a 2.8 leverage ratio by year-end. The company believes its stock is undervalued and is prioritizing stock buybacks.
- Two non-core businesses within the International Vehicle Payments segment are in the market for sale, potentially freeing up $1.5 billion in capital for M&A or buybacks.
Nov 12, 2025, 4:40 PM
Corpay Reports Strong Q3 2025 Results and Raises Full-Year Guidance
CPAY
Earnings
Guidance Update
M&A
- Corpay reported strong Q3 2025 results with revenue of $1.172 billion and Adjusted EPS of $5.70 per share, both growing 14% year-over-year, driven by 11% overall organic revenue growth.
- The company raised its full-year 2025 guidance, now expecting revenue of $4.515 billion and Adjusted EPS of $21.24 per share at the midpoint, representing 14% and 12% growth respectively.
- For Q4 2025, Corpay anticipates revenue of $1.235 billion and Adjusted EPS of $5.90 per share at the midpoint, with approximately 10% organic revenue growth.
- Corpay provided a positive 2026 outlook, projecting 9-11% organic revenue growth and at least $0.75 incremental accretion from the combined Alpha and Avid deals.
- Strategic M&A activities include closing the Alpha acquisition and AvidXchange investment in October, with the Mastercard investment expected to close around December 1st, alongside plans for up to $1.5 billion in divestitures.
Nov 5, 2025, 10:30 PM
Corpay announces Q3 2025 results and provides Q4 and FY 2025 guidance
CPAY
Earnings
Guidance Update
M&A
- Corpay reported strong Q3 2025 results, with revenue of $1.17 billion and adjusted EPS of $5.70, both up 14% year-over-year. Adjusted EBITDA also grew 14% to $677 million.
- The company achieved 11% organic revenue growth in Q3 2025, driven by 17% growth in Corporate Payments and 10% in Vehicle Payments.
- Corpay provided Q4 2025 guidance for GAAP revenues between $1,225 million and $1,245 million and adjusted net income per diluted share between $5.80 and $6.00. For full year 2025, GAAP revenues are projected to be between $4,505 million and $4,525 million, with adjusted net income per diluted share between $21.14 and $21.34.
- Corpay closed the acquisition of Alpha on October 31, 2025, which is expected to be meaningfully EPS accretive in 2026 and increase Corporate Payments revenue to over $2 billion in 2026.
- The company generated $405 million in free cash flow and repurchased 0.6 million shares for $192 million in Q3 2025. Liquidity stood at approximately $3.5 billion as of September 30, 2025, with a leverage ratio of 2.40x.
Nov 5, 2025, 10:30 PM
Corpay Reports Strong Q3 2025 Results, Raises Full-Year Guidance, and Provides 2026 Outlook
CPAY
Earnings
Guidance Update
M&A
- Corpay reported strong Q3 2025 results, with revenue and cash EPS growth of 14% and overall organic revenue growth of 11%. The company also saw its vehicle payment segment grow 10% organically and its corporate payment segment grow 17% organically.
- The company raised its full-year 2025 guidance, now expecting revenue above $4.5 billion (midpoint $4.515 billion) and cash EPS above $21 (midpoint $21.24 per share). For Q4 2025, Corpay projects revenue of $1.235 billion and cash EPS of $5.90 at the midpoint, with approximately 10% organic revenue growth.
- Corpay provided an early 2026 preview, outlooking organic revenue growth in the 9-11% range and expecting incremental accretion of at least $0.75 from the combined Alpha and Ava deals. The corporate payments business is projected to exceed $2 billion in revenue next year, representing about 40% of the company.
- Key M&A activities include the closing of the Alpha acquisition on October 31 and the AvidXchange investment on October 15, with a Mastercard investment into the cross-border business expected to close around December 1. The company is also pursuing two divestitures that could fetch up to $1.5 billion.
Nov 5, 2025, 10:30 PM
CPAY Reports Strong Q3 2025 Results and Raises Full-Year Guidance
CPAY
Earnings
Guidance Update
M&A
- CPAY reported Q3 2025 revenue of $1.172 billion and adjusted EPS of $5.70 per share, both representing 14% year-over-year growth. Overall organic revenue growth was 11%, driven by 10% in vehicle payments and 17% in corporate payments.
- The company revised up its full-year 2025 guidance, now expecting revenue above $4.5 billion (midpoint $4.515 billion) and cash EPS above $21 (midpoint $21.24 per share). The Q4 2025 outlook projects revenue of $1.235 billion and cash EPS of $5.90 at the midpoint.
- For fiscal year 2026, CPAY anticipates organic revenue growth in the 9-11% range and incremental accretion of at least $0.75 from the combined Alpha and Ava deals. The corporate payments segment is expected to generate over $2 billion in revenue in 2026.
- CPAY completed the acquisition of Alpha on October 31st and an investment in AvidXchange on October 15th. In Q3 2025, the company repurchased approximately 600,000 shares for $192 million.
Nov 5, 2025, 10:30 PM
Quarterly earnings call transcripts for CORPAY.
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