Analyst Consensus ?
ConsensusBuy18 ratings
Bullish1372.2%
Neutral527.8%
Bearish00.0%
Corpay, Inc. · CPAY · FY2026 Q1 · Calendar Q2 2026
Corpay Beats Q1 on 25% Revenue Growth, Raises Full-Year Guidance
Corpay's Q1 FY2026 was a decisive beat, with revenue up 25% to $1.26B and cash EPS up 29% to $5.80, driven by strength across corporate payments, vehicle payments, and cross-border. The company raised full-year guidance and signaled continued portfolio rotation toward corporate payments, supported by blockchain-based cross-border rails and the Alpha acquisition pipeline. The market responded with an 11.7% abnormal return on 1.9x baseline volume the session after the report.
Reported After market closeNYSETechnology
$25.68B market cap
90quality score
Company context
Snapshot as of publicationCorpay, Inc. operates as a global financial technology firm, delivering payment solutions that assist both businesses and individual consumers in efficiently managing a diverse range of expenditures. Its expertise primarily covers vehicle-related costs, corporate financial transactions, and lodging expenses, with operations spanning the United States, Brazil, the United Kingdom, and numerous other international markets. Among its specialized services are comprehensive vehicle payment offerings, which include provisions for fuel, road tolls, parking fees, fleet maintenance, and long-distance transportation. The company also supplies prepaid vouchers and cards for food and transit requirements.…
Earnings scorecard
Reported versus consensus
Reported EPS
$5.80
Consensus $5
EPS surprise
+6.0%
Reported versus consensus
Reported revenue
$1.26B
Consensus $1.21B
Revenue surprise
+4.0%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$390.12Current
$285Low
$371.61Average
$450High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 30, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 28, 2026 |
| Baird | Outperform | Outperform | Maintain | Mar 31, 2026 |
| UBS | Neutral | Neutral | Maintain | Feb 10, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Feb 9, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Feb 6, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Feb 5, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Feb 5, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jan 12, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Oct 1, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Aug 7, 2025 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Apr 24, 2025 |
| Barclays | Overweight | Overweight | Maintain | Apr 14, 2025 |
| BMO Capital | Outperform | Outperform | Maintain | Dec 13, 2024 |
| Citigroup | Buy | Buy | Maintain | Nov 14, 2024 |
| Jefferies | Buy | Buy | Maintain | Oct 16, 2024 |
| B of A Securities | Buy | Buy | Maintain | Oct 15, 2024 |
| Wolfe Research | Peer Perform | Underperform | Upgrade | Sep 3, 2024 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jun 25, 2024 |
Named analyst price targets
Upside is calculated against the persisted current price $390.12. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Michael Infante | $415 | $379.71 | +6.4% | Jul 28, 2026 |
| Wolfe Research | Analyst unavailable | $450 | $359.82 | +15.3% | Jun 3, 2026 |
| Loop Capital Markets | Analyst unavailable | $406 | $348.5 | +4.1% | May 18, 2026 |
| Morgan Stanley | Analyst unavailable | $400 | $343.99 | +2.5% | May 10, 2026 |
| Oppenheimer | Analyst unavailable | $388 | $338.65 | -0.5% | May 8, 2026 |
| Raymond James | John Davis | $361 | $324.33 | -7.5% | Mar 5, 2026 |
| UBS | Analyst unavailable | $380 | $354.96 | -2.6% | Feb 10, 2026 |
| Mizuho Securities | Dan Dolev | $340 | $335 | -12.8% | Feb 6, 2026 |
| RBC Capital | Analyst unavailable | $363 | $331.01 | -7.0% | Feb 5, 2026 |
| Oppenheimer | Analyst unavailable | $378 | $331.13 | -3.1% | Feb 5, 2026 |
| Morgan Stanley | Michael Infante | $390 | $300.28 | -0.0% | Feb 5, 2026 |
| Cantor Fitzgerald | Ramsey El-Assal | $385 | $324 | -1.3% | Jan 26, 2026 |
| Morgan Stanley | Analyst unavailable | $379 | $320.52 | -2.9% | Jan 26, 2026 |
| Oppenheimer | Rayna Kumar | $380 | $297.39 | -2.6% | Dec 5, 2025 |
| Williams Trading | Trevor Williams | $300 | $260.35 | -23.1% | Nov 3, 2025 |
| Morgan Stanley | James Faucette | $356 | $301.7 | -8.7% | Aug 10, 2025 |
| Raymond James | John Davis | $392 | $304.5 | +0.5% | Aug 7, 2025 |
| Robert W. Baird | David Koning | $440 | $350.59 | +12.8% | Jun 10, 2025 |
| BMO Capital | Rufus Hone | $400 | $366.01 | +2.5% | Nov 8, 2024 |
| Mizuho Securities | Dan Dolev | $265 | $335.47 | -32.1% | Oct 29, 2024 |
| Morgan Stanley | James Faucette | $325 | $338.92 | -16.7% | Oct 29, 2024 |
| Williams Trading | Trevor Williams | $375 | $306.88 | -3.9% | Sep 18, 2024 |
| Williams Trading | Trevor Williams | $350 | $297.52 | -10.3% | Jul 18, 2024 |
| Barclays | Ramsey El-Assal | $330 | $267.15 | -15.4% | Jun 22, 2024 |
| Wells Fargo | Andrew Bauch | $285 | $257.92 | -26.9% | Jun 5, 2024 |
| Barclays | Ramsey El-Assal | $350 | $283.44 | -10.3% | May 13, 2024 |
| BMO Capital | Rufus Hone | $350 | $290.74 | -10.3% | May 9, 2024 |
| RBC Capital | Daniel Perlin | $310 | $304.5 | -20.5% | May 9, 2024 |
| Barclays | Ramsey El-Assal | $355 | $296.29 | -9.0% | Apr 16, 2024 |
| Williams Trading | Trevor Williams | $355 | $305.72 | -9.0% | Apr 12, 2024 |
Track every rating change on CPAY the moment it posts. Free to start.
Start freeMarket reaction
event-close to next-session close
Stock move
+12.5%
Event window
SPY move
+0.8%
Same window
Abnormal move
+11.7%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
+1.5%
Up to 20 sessions
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Try FN2 freeTranscript intelligence
What changed
Revenue grew 25% YoY to $1.26B, beating the $1.21B estimate by 4.0%. Cash EPS reached $5.80, beating the $5.47 estimate by 6.0%. Full-year 2026 guidance was raised to $5.29B revenue (17% growth) and $26.70 cash EPS (25% growth). The PayByPhone divestiture removed $75M from guidance with no material EPS impact, offset by share buybacks. Alpha client migration stood at 15% with a larger wave planned for Q2.
Guidance delta
Full-year 2026 revenue guidance raised to $5.29B and cash EPS to $26.70, implying 17% revenue and 25% EPS growth. PayByPhone sale reduced the revenue base by $75M but share repurchases neutralized the EPS impact.
Key takeaways
- Q1 revenue of $1.26B beat the $1.21B estimate by 4.0%; cash EPS of $5.80 beat the $5.47 estimate by 6.0%
- Full-year 2026 guidance raised to $5.29B revenue and $26.70 cash EPS
- Cross-border expansion accelerating with blockchain rails via JPMorgan and BVNK partnerships
- Alpha acquisition integration at 15% client migration, with a larger wave planned for Q2
- PayByPhone divestiture removed $75M from guidance; EPS impact offset by buybacks
- Stock delivered an 11.7% abnormal return on 1.9x baseline volume the session after the report
Management priorities
- Complete Alpha client migration and expand multicurrency account offering
- Launch full blockchain rail functionality with JPMorgan and BVNK
- Pursue additional corporate-payment acquisitions and non-core divestitures
- Scale spend management platform in Europe
- Continue share buybacks and refinance debt to reduce interest expense
Related earnings events
TechnologySources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-30T20:01:42.303470+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-30T20:01:42.300747+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.