Corpay Posts $1.38B Q3 Revenue, Raises 2026 Outlook

Corpay, Inc. reported third-quarter revenue of $1.38 billion on Wednesday, up 18% from a year earlier, and said it was raising its full-year 2026 outlook after adjusted earnings beat its prior expectations.

Net income attributable to Corpay rose 36% to $378.4 million, or $5.66 a diluted share, from $277.9 million, or $3.91, a year earlier, according to the company’s release. Adjusted net income climbed 24% to $500.7 million, and adjusted earnings were $7.54 a share, up 32% from $5.70. Adjusted EBITDA rose 17% to $793.8 million. Organic revenue growth was 11%, Corpay said.

Guidance and buybacks

Corpay lifted its 2026 revenue range to $5.340 billion to $5.360 billion and adjusted earnings to $27.90 to $28.10 a share. Chief financial officer Peter Walker said the midpoint implies about 18% revenue growth and 31% adjusted-earnings growth for the year. For the fourth quarter, the company pointed to about $1.37 billion in revenue and $7.65 in adjusted earnings at the midpoint.

Through the end of the quarter, Corpay said it had repurchased 5.25 million shares for $1.85 billion, including 1.9 million shares for $747 million in the third quarter.

Segment results

Corporate Payments revenue rose 41% to $571.3 million, with 18% organic growth in that segment, Walker said. Vehicle Payments revenue was $579.8 million, up 8%. Lodging Payments contributed $131.1 million. Chief executive Ron Clarke said third-quarter revenue and adjusted earnings both came in ahead of the company’s expectations and that organic growth had held at 11% in five of the last six quarters.

Sources: Corpay, Nasdaq, StockStory