Corpay (CPAY) Guides Q2 2026 Revenue Up 18% to ~$1.295B, Sees Adjusted EPS of $6.55

Corpay, Inc. (NYSE: CPAY) has issued an upbeat outlook for the second quarter of 2026, guiding for revenue of approximately $1.295 billion at the midpoint, an 18% increase from the prior-year period. The corporate payments company also projects adjusted (cash) earnings per share of $6.55, representing 28% year-over-year growth and underscoring continued margin expansion alongside top-line momentum. The guidance accompanies Corpay's first-quarter 2026 results, which set a strong tone for the year. The company reported Q1 revenue of $1.26 billion, up 25%, with cash EPS of $5.80, up 29%. Organic revenue grew 11% in the quarter, marking the fourth consecutive period of double-digit organic expansion. For the second quarter, management expects organic revenue growth in the 9%–11% range, signaling that the bulk of the headline growth is being driven by the underlying business rather than one-off factors. Notably, the implied EPS growth rate of 28% for Q2 outpaces the 18% revenue growth, a spread that reflects operating leverage, disciplined cost management, and the benefit of Corpay's ongoing share repurchase activity. The widening gap between revenue and earnings growth is a key signal for investors, indicating the company is converting incremental sales into outsized profit gains. On the back of the first-quarter outperformance, Corpay raised its full-year 2026 outlook. The company lifted revenue guidance to a range of $5.25 billion to $5.33 billion and increased adjusted EPS guidance to $26.30 to $27.10. Net income guidance was set at $1.35 billion to $1.43 billion. Management attributed the upward revision to better-than-expected Q1 results, higher anticipated fuel prices, improved macroeconomic and business fundamentals, and continued portfolio optimization, including the divestiture of its PayByPhone parking-payments unit. Corpay, formerly known as FLEETCOR, operates across corporate payments, vehicle/fleet payments, lodging, and cross-border payments. The diversified mix has helped the company sustain consistent double-digit organic growth even as it actively reshapes its portfolio toward higher-value B2B payment streams. For investors, the Q2 guidance reinforces a multi-quarter narrative of accelerating earnings power and durable organic growth. With both the quarterly outlook and the raised full-year targets pointing higher, Corpay appears positioned to extend its streak of double-digit growth, though execution on fuel-price assumptions and integration of portfolio changes remain factors to watch in the months ahead.