CPAY · 10-Q · 2026Q3 · Full report
Capital Return Program
CORPAY, INC. · 2026-11-05 · Importance 64 · Surprise 42 · In source text
Corpay repurchased 40.9 million shares for $10.5 billion in aggregate from the program’s inception through September 30, 2026. A $1.0 billion authorization increase approved April 23, 2026 brought total authorization to $11.1 billion, with $0.6 billion remaining at September 30. On October 22, 2026, the Board approved another $1.0 billion increase, raising total authorization to $12.1 billion and remaining authorization to $1.6 billion. The program expires December 31, 2026 and repurchases may be funded with cash flow, working capital and debt.
Key facts
- On October 22, 2026, the Board increased the repurchase program authorization by $1.0 billion to $12.1 billion, raising remaining authorization to $1.6 billion. source
- On April 23, 2026, the Board increased the stock repurchase program authorization by $1.0 billion to $11.1 billion. source
- Common stock repurchases in 2026 increased by $1.5 billion over the comparable period in 2025. source
- Through September 30, 2026, Corpay had repurchased 40.9 million shares for $10.5 billion, leaving $0.6 billion of remaining authorization. source
- The stock repurchase program was authorized to continue through December 31, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -5.3% | Common stock repurchases in 2026 increased by $1.5 billion over the comparable period in 2025. |
| cash | negative | committed | -4.8% | On October 22, 2026, the Board increased the repurchase program authorization by $1.0 billion to $12.1 billion, raising remaining… |