Corpay (CPAY) reported net income of US$ 378.4 mn in the third quarter of 2026, up 36% from US$ 277.9 mn in the same period of 2025. Diluted earnings per share (EPS) were US$ 5.66, up 45% from US$ 3.91. Revenue grew 18% to US$ 1,381.9 mn, compared with US$ 1,172.5 mn in 3Q25.
Adjusted net income (non-GAAP, excludes items the company considers non-recurring) was US$ 500.7 mn, up 24%. Adjusted earnings per share came in at US$ 7.54, up 32% from US$ 5.70. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, with adjustments) rose 17% to US$ 793.8 mn, with a margin of 57.7% in 3Q25 and 57.4% in 3Q26. Organic revenue grew 11%.
By segment, Corporate Payments revenue totaled US$ 571.3 mn (up 41%), Vehicle Payments revenue was US$ 579.8 mn (up 8%), and Lodging Payments revenue was US$ 131.1 mn (up 3%). Through the end of the quarter, Corpay repurchased 5.25 million shares for US$ 1.85 bn, including 1.9 million shares for US$ 747 mn in 3Q26.
The company raised its 2026 guidance: revenue between US$ 5.340 bn and US$ 5.360 bn, net income between US$ 1.337 bn and US$ 1.357 bn, and earnings per share between US$ 20.03 and US$ 20.23. Adjusted earnings per share are expected to be between US$ 27.90 and US$ 28.10, up 31% at the midpoint.
For the fourth quarter of 2026, Corpay expects revenue of about US$ 1.37 bn and adjusted earnings per share of US$ 7.65 at the midpoint.
