CPAY · Full Picture

CORPAY, INC. — the full picture

Trailing window · 2026-05-11 to 2026-08-09

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Guidance and Outlook · Guidance & outlookPriority 86
    +60.8% revenue; 2 sources (news, press_release); 6 forward row(s); quote_verified
    Fiscal year 2026 guidance: adjusted net income between $1.790 billion and $1.830 billion; adjusted net income per diluted share between $27.15 and $27.55, growing 28% at the midpoint year over year.
  2. Liquidity and Debt Position · Debt, leverage & refinancingPriority 77
    +105.6% cash (realized); 1 forward row(s); quote_verified
    The Company increased its revolving credit facility to $3.7 billion as part of refinancing its debt facilities.
  3. Revenue Performance and Mix · Revenue growth & mixPriority 70
    +54.1% revenue (realized); 2 sources (news, press_release); quote_verified
    Second quarter 2026 revenues: $1,338.8 million, increased 21% vs. second quarter 2025.
  4. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 69
    +9.2% net_income (realized); 2 sources (news, press_release); 3 forward row(s); quote_verified
    The press release discloses a recent acquisition of a partnership interest in AvidXchange and the acquisition of Alpha (forward-looking risk list).
  5. Corporate Payments Demand · Demand, orders & backlogPriority 68
    +25.7% revenue (realized); quote_verified
    Corporate Payments spend volume - Q2 2026: $94,635 (in thousands?), representing 70% change as reported vs. Q2 2025 and 43% change on pro forma/macro adjusted basis vs. Q2 2025.
  6. FTC Legal Settlement · Litigation & settlementsPriority 66
    -7.5% operating_income (realized); quote_verified
    The Company recorded a $100 million charge in Q2 2026 for a preliminary settlement with the FTC's Bureau of Consumer Protection.
  7. Interest Rate Environment · Interest ratesPriority 64
    1 forward row(s); quote_verified
    Guidance assumption: interest expense between $435 million and $465 million for full year 2026, based on the SOFR forward curve as of July 30, 2026.
  8. Capital Return Program · Buybacks & dividendsPriority 61
    1 forward row(s); quote_verified
    Proceeds from the sale of the maintenance business are to be used to repurchase shares (guidance assumption).
  9. Operating Expense Trends · Operating expenses (SG&A)Priority 60
    -10.8% operating_income (realized); quote_verified
    Q2 2026 selling expenses: $150.607 million, 30% increase vs. Q2 2025.
  10. Income Tax Rate Changes · TaxPriority 53
    1 forward row(s); quote_verified
    Guidance assumption: adjusted effective tax rate approximately 25% to 27% for fiscal year 2026.
  11. Geographic Revenue Shift · Geographic mixPriority 40
    quote_verified
    Exhibit 5 states positive impacts to consolidated revenues in Q2 2026 from foreign exchange of approximately $37 million, fuel prices approximately $20 million and fuel price spreads approximately $10 million.
  12. Market Demand Trends · Demand, orders & backlogPriority 38
    quote_verified
    Empowered Funds LLC increased its position in Corpay by 141.3% during the first quarter and owned 5,490 shares after acquiring an additional 3,215 shares.

Threads by pillar

Revenue & Demand Priority 77 · 5 threads

Costs & Margins Priority 62 · 2 threads

Capital & Balance Sheet Priority 81 · 3 threads

Strategy & Portfolio Priority 69 · 1 thread

Legal, Regulatory & Policy Priority 66 · 1 thread

Guidance & Outlook Priority 86 · 1 thread

Macro & Market Conditions Priority 64 · 1 thread

Unclassified Priority 34 · 1 thread

Expected impact by metric

metricforward netforward grossrealized
revenue+60.8%+60.8%+79.9%
net_income+31.3%+31.3%+9.0%
cash——+105.6%
operating_income——-19.0%