CPAY · 10-Q · 2026Q3 · Full report

FTC Settlement and Litigation

CORPAY, INC. · 2026-11-05 · Importance 65 · Surprise 60 · Matches filing data

On July 1, 2026, Corpay reached an agreement with FTC staff on a proposed consent order intended to resolve the FTC investigation, the District Court action, the administrative action, and remaining issues in the case. The order remains subject to customary approvals by the FTC Commissioners and the District Court. Corpay recorded a $100 million charge based on the proposed order; if it is not approved or its terms change during review, the company could incur additional redress or penalties.

Key facts

• Vehicle Payments operating income was reduced by a $100 million contingent loss related to the FTC matter and the impact of dispositions. source
• Other operating, net was $107.6 million for the nine months ended September 30, 2026, primarily due to a $100 million contingent loss related to the FTC legal matter and losses on fixed-asset disposals. source
• On July 1, 2026, Corpay reached agreement with FTC staff on proposed consent-order terms to resolve the FTC investigation, District Court action, administrative action, and other remaining case issues; the order requires FTC Commissioner and District Court approvals. source
• Corpay recorded a $100 million charge based on the proposed FTC consent-order terms. source
• If the proposed FTC consent order is not approved or its terms change during review, Corpay could incur additional redress and/or penalties. source

Impact estimates