CPAY · 8-K · 20260805PR000045

Operating Expense Trends

CORPAY, INC. · 2026-08-05 · Importance 58 · Surprise 56 · From source text

Second-quarter processing expense increased 15% to $275.2 million, selling expense increased 30% to $150.6 million, and general and administrative expense increased 26% to $223.7 million. Depreciation and amortization rose 29% to $118.3 million, including an 89% increase in Corporate Payments to $57.3 million. Other operating expense was $99.9 million versus approximately zero in the prior-year quarter, reflecting the $100 million preliminary FTC settlement charge. Adjusted EBITDA increased 24% to $767.2 million, and adjusted EBITDA margin expanded to 57.3% from 56.3%.

Key facts

• Q2 2026 selling expenses: $150.607 million, 30% increase vs. Q2 2025. source
• Q2 2026 general and administrative expenses: $223.674 million, 26% increase vs. Q2 2025. source
• Exhibit 1: For Q2 2026 total pre-tax adjustments used to compute adjusted net income equal $281,449 thousand for the three months and $324,004 thousand for six months. source
• Q2 2026 processing expenses: $275.165 million, 15% increase vs. Q2 2025. source
• Q2 2026 depreciation and amortization: $118.297 million, 29% increase vs. Q2 2025. source

Impact estimates