| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.3K | 25.4% |
| Total Income | 1.3K | 25.4% |
| Expenditure | 624.82 | 8.0% |
| PBT | 505.02 | 54.2% |
| Net Profit | 350.07 | 43.9% |
| OPM | 50.45% | 7.98pp |
| NPM | 27.76% | 3.57pp |
| EPS | 5.14 | 48.5% |
Corpay Reports Q1 2026: Revenue Up 25%, Adjusted EPS Up 29%
08 May 2026 · 8 May, 1:54 am
Summary
Corpay, Inc. reported strong financial results for the first quarter of 2026, with revenue increasing by 25% to $1,261.0 million. Net income rose by 44% to $350.1 million, and adjusted net income per diluted share increased by 29% to $5.80. The company's organic revenue growth was 11% for the fourth consecutive quarter. Management has raised the full-year outlook as a result of the first quarter over-performance and expected higher fuel prices.
Key Highlights
- 1
Corpay's first quarter revenue increased by 25% to $1,261.0 million compared to $1,005.7 million in the first quarter of 2025.
- 2
Net income for the first quarter of 2026 increased 44% to $350.1 million, compared to $243.2 million in the first quarter of 2025.
- 3
First quarter net income per diluted share increased 49% to $5.07, compared to $3.40 per diluted share in the first quarter of 2025.
- 4
Adjusted EBITDA increased 24% to $688.6 million in the first quarter of 2026, compared to $555.4 million in the first quarter of 2025.
- 5
Adjusted net income per diluted share increased 29% to $5.80 per diluted share in the first quarter of 2026, compared with $4.51 per diluted share in the first quarter of 2025.
- 6
Organic revenue growth was 11% in the first quarter of 2026.
- 7
The company repurchased 2.4 million shares for $786 million during the quarter.
Management Comments
Ron Clarke
"Our first quarter results were outstanding, with revenue growth of 25% and adjusted net income per share growth of 29%, finishing well ahead of expectations." "Organic revenue growth was 11% for the fourth consecutive quarter and our strong first quarter performance gives us increased confidence in our rest of year guidance."
Peter Walker
"Our Corporate Payments segment delivered 16% organic revenue growth, and lodging improved significantly sequentially. Revenue over performance had a high flow through resulting in EBITDA margins over 100 basis points higher than we expected. We repurchased 2.4 million shares for $786 million, and still exited the quarter with 2.7x leverage." “We are raising our full-year outlook as a result of our first quarter over-performance, the expected higher rest of year fuel prices and our first quarter fundamental trends running ahead of our expectations.” “Revenue for the second quarter of 2026 is expected to be approximately $1.295 billion at the midpoint, growing 18% year over year, and adjusted net income per diluted share is expected to be $6.55 at the midpoint, growing 28% year over year.”
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