Quarterly ResultMay 8, 2026, 08:47 AM
Corpay Q1 Revenue +25.4% to $1.26B; EPS $5.07
AI Summary
Corpay, Inc. reported strong financial results for the first quarter ended March 31, 2026, with net revenues increasing 25.4% to $1.26 billion and diluted earnings per share rising 49.1% to $5.07. The company's operating income was significantly boosted by a $121.4 million gain on the disposition of a business. Corpay also continued its share repurchase program, buying back $786.0 million in stock, and its Board authorized an additional $1.0 billion for future repurchases.
Key Highlights
- Net revenues increased 25.4% to $1.26 billion for Q1 2026.
- Net income attributable to Corpay rose 43.9% to $350.1 million.
- Diluted EPS attributable to Corpay grew 49.1% to $5.07.
- Operating income increased 48.9% to $636.2 million, including a $121.4 million gain on disposition.
- Corporate Payments segment revenue increased 46.0% to $503.9 million.
- Vehicle Payments segment revenue increased 18.9% to $563.9 million.
- Repurchased 2.4 million shares for $786.0 million in Q1 2026.
- Board authorized a $1.0 billion increase to the stock repurchase program.
Price Impact
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