EarningsQ2 2026 Earnings Report
MX:CPAY Q2 2026 EPS Results
Actual EPS$127.12
Consensus EPS$119.59
Beat/MissBeat by +$7.54
One Year Ago EPS$93.16
MX:CPAY Q2 2026 Revenue Results
Actual Revenue$24.31B
Expected Revenue$23.61B
Beat/MissBeat by +$707.10M
YoY Revenue Growth+21.49%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:CPAY Upcoming Earnings
Corpay Inc's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:CPAY Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational momentum: a robust Q2 beat, record cash EPS, sustained double-digit organic growth, continued progress integrating acquisitions (Alpha and Avid), raised full-year guidance, strong margins, healthy cash generation and an active capital return program. The principal negatives were a one-time $100 million FTC settlement charge, a planned EPICS divestiture reducing revenue by ~$40 million, some float compression due to lower interest rates, modestly higher credit losses and seasonal variability in other revenue. Overall, the positive operational beats, guidance upgrade, margin expansion and clear strategic roadmap materially outweigh the limited set of disruptions and charges.Company Guidance
Record Quarterly Revenue and EPS Beat
Q2 revenue of $1.34 billion, up 21% year-over-year and $45 million above expectations. Reported cash EPS of $7.00, up 36% YoY and an all-time company record. Management attributed ~$30 million of the beat to favorable macro conditions and ~$15 million to underlying performance.
Sustained Organic Growth and Strong Sales / Retention
Overall organic revenue growth of 10% in Q2. Corporate Payments organic growth 16%; Vehicle Payments organic growth 8%; combined largest segments delivered 12% organic growth. New bookings (sales) grew 30% YoY and retention remained steady at 93%. Same-store sales were +1%.
Cross-Border Momentum and Alpha / Avid Contributions
Cross-border spend grew 43% to $95 billion. Alpha acquisition integration progressed with >80% of Alpha corporate volume migrated to the global platform. Avid (minority investment) sales grew >30% and EBITDA more than doubled YoY. Alpha + Avid contributed $0.39 of cash EPS accretion in Q2.
Raised Full-Year Guidance
Full year 2026 revenue guidance raised to $5.31 billion at the midpoint (implying ~17% full-year revenue growth). Full-year cash EPS guidance raised to $27.35 at the midpoint (implying ~28% cash EPS growth YoY). Q3 guide: revenue $1.35 billion at midpoint (+16% YoY) and adjusted EPS $7.15 (+26% YoY).
Strong Margins and Cash Generation
Adjusted EBITDA margin of 57.3% in Q2, up ~100 basis points YoY driven by operating leverage and flow-through of macro benefits. Company expects full-year cash EBITDA ~ $3.0 billion and full-year free cash flow of ~$1.8 billion (management cited ~7%).
Robust Balance Sheet and Capital Actions
Leverage ratio of 2.55x at quarter end, ~ $1.6 billion available capacity under revolver (revolver increased to ~$3.7 billion). Repurchased $321 million of stock (~1 million shares) during the quarter with ~$1.4 billion remaining under authorization. Management refinanced debt to extend maturities and lower borrowing costs.
Interest Rate Natural Hedge and Hedging Position
Restricted cash (growing with global bank account business) provides a natural hedge; management estimated ~85% natural offset of floating rate exposure in Q2 and including swaps the company was >120% hedged, reducing near-term need for additional swaps.
Clear Strategic Roadmap and TAM / Capital Firepower
Management reiterated focus on simplifying the portfolio (divesting subscale businesses) and doubling down on three priorities: spend management (cards & AP), vehicle (fleet) offerings embedded in spend platform, and cross-border (private rails + global banking/deposit products). Management cited a $600 billion revenue TAM and ~ $15 billion of available capital over the forecast period to fund buybacks or M&A.
MX:CPAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed