CPAY · 10-Q · 2026Q3 · Full report
Revenue Performance and Mix
CORPAY, INC. · 2026-11-05 · Importance 59 · Surprise 48 · No source text
Revenue, net rose 17.9% to $1,381.9 million in the third quarter of 2026 and 21.4% to $3,981.7 million for the first nine months, with organic growth of 11% in both periods. Corporate Payments grew 40.8% to $571.3 million in the quarter and 42.7% to $1,623.9 million year to date, while Vehicle Payments grew 7.7% to $579.8 million and 13.1% to $1,724.0 million, respectively. Corporate Payments’ share of quarterly revenue increased to 41.3% from 34.6%, while Vehicle Payments’ share declined to 42.0% from 45.9%; Lodging Payments contributed $131.1 million and Other contributed $99.7 million in the quarter. Quarterly consolidated growth included 7% from acquisitions and was partly offset by $26 million of revenue reduction from dispositions; year-to-date dispositions reduced revenue by $53 million.
Key facts
- Corporate Payments revenue was $1,623.9 million for the nine months ended September 30, 2026, up 42.7% from the comparable prior period. source
- Corpay’s consolidated revenue increased 17.9% to $1,381.9 million in the three months ended September 30, 2026, primarily reflecting 11% organic growth and 7% growth from 2025 and 2026 acquisitions, partially offset by $26 million of lower revenue from dispositions. source
- Vehicle Payments revenue was $1,724.0 million for the nine months ended September 30, 2026, up 13.1% from the comparable prior period. source
- Lodging Payments revenue was $365.3 million for the nine months ended September 30, 2026, up 2.3% from the comparable prior period. source
- Other revenue was $268.6 million for the nine months ended September 30, 2026, up 3.2%, driven by higher gift card and payroll card transaction volume. source
- Dispositions completed in 2025 and 2026 lowered Vehicle Payments revenue by approximately $53 million. source
- Corpay refined its segment composition in the first quarter of 2026 and recast prior-period segment information to conform to the revised presentation. source
- In the first quarter of 2026, Corpay realigned outsourced card processing from Corporate Payments to Other, and enterprise clients using its spend management product for vehicle and corporate payments from Vehicle Payments to Corporate Payments. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +35.2% | Corporate Payments revenue was $1,623.9 million for the nine months ended September 30, 2026, up 42.7% from the comparable prior period. |
| revenue | positive | realized | +15.2% | Corpay’s consolidated revenue increased 17.9% to $1,381.9 million in the three months ended September 30, 2026, primarily reflecting 11%… |
| revenue | positive | realized | +14.4% | Vehicle Payments revenue was $1,724.0 million for the nine months ended September 30, 2026, up 13.1% from the comparable prior period. |
| revenue | positive | realized | +0.6% | Lodging Payments revenue was $365.3 million for the nine months ended September 30, 2026, up 2.3% from the comparable prior period. |