Analyst Consensus ?
ConsensusBuy18 ratings
Bullish1477.8%
Neutral422.2%
Bearish00.0%
Corpay, Inc. · CPAY · FY2026 Q2 · Calendar Q3 2026
Corpay raises 2026 guidance as corporate payments lead growth
The current analysis provides evidence for the narrower claim that resilient demand and corporate-payments growth can support Corpay's near-term trajectory: Q2 growth was strong and full-year guidance was raised again. The longer-term case still depends on sustaining organic growth, integrating recent investments and executing the portfolio shift.
Reported After market closeNYSETechnology
$25.96B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$7.00
Consensus $6.58
EPS surprise
+6.4%
Reported versus consensus
Reported revenue
$1.34B
Consensus $1.30B
Revenue surprise
+3.0%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+1.0%
Event window
SPY move
-0.2%
Same window
Abnormal move
+1.1%
Stock minus SPY
Volume
1.2×
Versus trailing sessions
Subsequent drift
+5.4%
Up to 20 sessions
CPAYSPY benchmark
Ask FN2 about CPAY FY2026 Q2
Transcript, numbers and history already loaded
Why did CPAY rise 1.0% after beating EPS estimates in FY2026 Q2?What changed in CPAY's guidance and outlook in FY2026 Q2?Give me the bull and bear case for CPAY after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, Corpay reported another guidance increase and added more detail on portfolio simplification, including the planned EPICS divestiture. Management also emphasized global banking, private blockchain rails and AI-driven expense tools as additions to the spend-management and cross-border strategy.
Guidance delta
Management raised full-year 2026 revenue guidance to $5.31 billion and cash EPS guidance to $27.35, following the prior quarter's increase.
Key takeaways
- Q2 revenue was $1.34 billion, up 21%, and cash EPS was $7, up 36%.
- Corporate payments grew 16% and vehicle payments grew 8%, with double-digit organic revenue growth continuing.
- Portfolio simplification centers on the EPICS divestiture and greater focus on spend management, fleet and cross-border payments.
- The results support the growth case, but execution, credit quality and divestiture effects remain important tests.
Management priorities
- Complete the EPICS divestiture and redeploy proceeds to share repurchases
- Expand spend management by embedding fleet capabilities in the platform
- Scale global banking, cross-border products and private blockchain rails
- Develop AI-driven indirect-expense decision tools for clients
Follow CPAY with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$397.22Previous close
$285Low
$405.57Average
$536High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 22, 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 |
|---|---|---|---|---|
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 31, 2026 |
| Wolfe Research | Outperform | Outperform | Maintain | Aug 25, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Aug 10, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 6, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Aug 6, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 6, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 28, 2026 |
| Baird | Outperform | Outperform | Maintain | Mar 31, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Feb 6, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jan 12, 2026 |
| 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 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jun 25, 2024 |
Named analyst price targets
Upside is calculated against the persisted previous close $397.22. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Scotiabank | Analyst unavailable | $536 | $404.81 | +34.9% | Sep 2, 2026 |
| RBC Capital | Analyst unavailable | $438 | $407.88 | +10.3% | Aug 31, 2026 |
| Wolfe Research | Analyst unavailable | $530 | $413.92 | +33.4% | Aug 25, 2026 |
| Cantor Fitzgerald | Ramsey El-Assal | $480 | $397.2 | +20.8% | Aug 10, 2026 |
| Morgan Stanley | Analyst unavailable | $455 | $397.55 | +14.5% | Aug 7, 2026 |
| Robert W. Baird | David Koning | $475 | $394.15 | +19.6% | Aug 6, 2026 |
| UBS | Analyst unavailable | $415 | $390.5 | +4.5% | Aug 6, 2026 |
| RBC Capital | Analyst unavailable | $423 | $394.53 | +6.5% | Aug 6, 2026 |
| Wolfe Research | Darrin Peller | $475 | $394.53 | +19.6% | Aug 6, 2026 |
| Raymond James | Madison Suhr | $442 | $394.53 | +11.3% | Aug 6, 2026 |
| Morgan Stanley | Michael Infante | $415 | $379.71 | +4.5% | Jul 28, 2026 |
| Wolfe Research | Analyst unavailable | $450 | $359.82 | +13.3% | Jun 3, 2026 |
| Loop Capital Markets | Analyst unavailable | $406 | $348.5 | +2.2% | May 18, 2026 |
| Morgan Stanley | Analyst unavailable | $400 | $343.99 | +0.7% | May 10, 2026 |
| Oppenheimer | Analyst unavailable | $388 | $338.65 | -2.3% | May 8, 2026 |
| Raymond James | John Davis | $361 | $324.33 | -9.1% | Mar 5, 2026 |
| UBS | Analyst unavailable | $380 | $354.96 | -4.3% | Feb 10, 2026 |
| Mizuho Securities | Dan Dolev | $340 | $335 | -14.4% | Feb 6, 2026 |
| RBC Capital | Analyst unavailable | $363 | $331.01 | -8.6% | Feb 5, 2026 |
| Oppenheimer | Analyst unavailable | $378 | $331.13 | -4.8% | Feb 5, 2026 |
| Morgan Stanley | Michael Infante | $390 | $300.28 | -1.8% | Feb 5, 2026 |
| Cantor Fitzgerald | Ramsey El-Assal | $385 | $324 | -3.1% | Jan 26, 2026 |
| Morgan Stanley | Analyst unavailable | $379 | $320.52 | -4.6% | Jan 26, 2026 |
| Oppenheimer | Rayna Kumar | $380 | $297.39 | -4.3% | Dec 5, 2025 |
| Williams Trading | Trevor Williams | $300 | $260.35 | -24.5% | Nov 3, 2025 |
| Morgan Stanley | James Faucette | $356 | $301.7 | -10.4% | Aug 10, 2025 |
| Raymond James | John Davis | $392 | $304.5 | -1.3% | Aug 7, 2025 |
| Robert W. Baird | David Koning | $440 | $350.59 | +10.8% | Jun 10, 2025 |
| BMO Capital | Rufus Hone | $400 | $366.01 | +0.7% | Nov 8, 2024 |
| Mizuho Securities | Dan Dolev | $265 | $335.47 | -33.3% | Oct 29, 2024 |
| Morgan Stanley | James Faucette | $325 | $338.92 | -18.2% | Oct 29, 2024 |
| Williams Trading | Trevor Williams | $375 | $306.88 | -5.6% | Sep 18, 2024 |
| Williams Trading | Trevor Williams | $350 | $297.52 | -11.9% | Jul 18, 2024 |
| Barclays | Ramsey El-Assal | $330 | $267.15 | -16.9% | Jun 22, 2024 |
| Wells Fargo | Andrew Bauch | $285 | $257.92 | -28.3% | Jun 5, 2024 |
| Barclays | Ramsey El-Assal | $350 | $283.44 | -11.9% | May 13, 2024 |
| BMO Capital | Rufus Hone | $350 | $290.74 | -11.9% | May 9, 2024 |
| RBC Capital | Daniel Perlin | $310 | $304.5 | -22.0% | May 9, 2024 |
| Barclays | Ramsey El-Assal | $355 | $296.29 | -10.6% | Apr 16, 2024 |
| Williams Trading | Trevor Williams | $355 | $305.72 | -10.6% | Apr 12, 2024 |
Track every rating change on CPAY the moment it posts. Free to start.
Start freeCompany 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.…
Historical context
All CPAY earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
| SAIL SailPoint, Inc. | FY2027 Q2 · Calendar Q3 2026 | +13.8% | -1.2% | SailPoint pairs 25% ARR growth with accelerating AI-driven adoption |
| CIEN Ciena Corporation | FY2026 Q3 · Calendar Q3 2026 | +22.0% | -10.4% | Ciena raises outlook as AI networking demand lifts backlog |
| DOCU DocuSign, Inc. | FY2027 Q2 · Calendar Q3 2026 | +6.4% | +3.7% | DocuSign Q2 FY27: IAM momentum supports a raised outlook |
| IOT Samsara Inc. | FY2027 Q2 · Calendar Q3 2026 | +25.0% | +3.7% | Samsara: AI adoption expands as FY27 guidance holds |
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
Get the CPAY recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-08-07T21:12:54.916071+00:00
- FN2 earnings calendar · 2026-09-10T01:23:13.706414+00:00
- Polygon adjusted daily market bars · 2026-09-22T08:10:52.170565+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-22T08:10:52.167798+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.