| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.3K | 6.2% | 21.5% |
| Total Income | 1.3K | 6.2% | 21.5% |
| Expenditure | 866.54 | 38.7% | 39.2% |
| PBT | 344.72 | 31.7% | 12.3% |
| Net Profit | 248.31 | 29.1% | 12.6% |
| OPM | 35.28% | 15.17pp | 8.22pp |
| NPM | 18.55% | 9.21pp | 7.24pp |
| EPS | 3.75 | 27.0% | 7.0% |
Corpay Reports Q2 2026 Financial Results with 21% Revenue Growth
06 Aug 2026 · 6 Aug, 1:52 am
Summary
Corpay, Inc. announced strong second quarter financial results for 2026, with revenues growing 21% year-over-year to $1,338.8 million. Adjusted EBITDA saw a 24% increase to $767.2 million, and adjusted net income per diluted share surged by 36% to $7.00. Organic revenue growth remained robust at 10%, continuing a trend of double-digit growth for five consecutive quarters. The company is raising its full-year revenue outlook and has strengthened its balance sheet through debt refinancing.
Key Highlights
- 1
Corpay reported second quarter revenues increased 21% to $1,338.8 million, compared with $1,102.0 million in the second quarter of 2025.
- 2
Adjusted EBITDA increased 24% to $767.2 million in the second quarter of 2026, compared to $620.6 million in the second quarter of 2025.
- 3
Adjusted net income per diluted share increased 36% to $7.00 per diluted share in the second quarter of 2026, compared with $5.13 per diluted share in the second quarter of 2025.
- 4
Organic revenue growth was 10% in the second quarter of 2026, marking the fifth consecutive quarter of double-digit organic revenue growth.
- 5
The company is raising its full-year outlook for fiscal year 2026, expecting total revenues between $5.290 billion and $5.330 billion.
- 6
Corpay strengthened its balance sheet by refinancing debt facilities, increasing its revolving credit facility to $3.7 billion.
Management Comments
Ron Clarke
Our second quarter results were excellent and exceeded our expectations, with revenue growth of 21% and adjusted net income per share growth of 36%. Organic revenue grew double digits for the fifth consecutive quarter, driven by our further rotation into a corporate payments and spend management company.
Peter Walker
We delivered another quarter of 16% organic revenue growth in our Corporate Payments segment and lodging continued sequential organic revenue improvement. We strengthened our balance sheet by refinancing our debt facilities, including increasing our revolving credit facility to $3.7 billion, and exited the quarter with 2.55x leverage. We also repurchased 1 million shares for $321 million in the quarter. We are raising our full-year outlook to reflect our strong second quarter performance, favorable macro conditions and continued confidence in the underlying strength of our business. Revenue for the third quarter of 2026 is expected to be approximately $1.355 billion at the midpoint, growing 16% year over year, and adjusted net income per diluted share is expected to be $7.15 at the midpoint, growing 26% year over year.
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