CPAY · 10-Q · 2026Q3

CORPAY, INC.

Filed 2026-11-05 · Other · View original filing on EDGAR

Everything CPAY's SEC filings said, ranked

Ranked Events

• Segment ProfitabilityImportance 72 · Surprise 74
  Corporate Payments operating income increased 31.5% to $605.3 million for the nine months ended September 30, 2026, supported by revenue growth and integration synergies, partly offset by sales investment and one-time…
• FTC Settlement and LitigationImportance 65 · Surprise 60
  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.…
• Maintenance Business DivestitureImportance 65 · Surprise 60
  Corpay completed the sale of its Maintenance business to a third party on November 2, 2026. Consideration was approximately £600 million, or approximately $800 million. The company anticipates a pre-tax net gain on…
• Acquisition / Partnership / DivestitureImportance 65 · Surprise 60
  Corpay sold PayByPhone in March 2026 for approximately $424.7 million net of cash disposed and recorded a $125.5 million pretax gain for the nine months; it recorded an additional $3.0 million gain in the third quarter…
• Capital Return ProgramImportance 64 · Surprise 42
  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…
• Corporate Payments DemandImportance 64 · Surprise 56
  Corporate Payments revenue increased 42.7% to $1,623.9 million in the nine months ended September 30, 2026, with organic revenue growth of 16%. Organic spend volume grew 36%, driven by strong new sales in payables and…
• Operating Income and MarginsImportance 59 · Surprise 48
  Consolidated operating income increased 21.0% to $1,729.7 million for the nine months ended September 30, 2026. The company attributed the increase to the factors discussed in its operating expense and revenue results.…
• Vehicle Payments DemandImportance 59 · Surprise 40
  Vehicle Payments revenue increased 13.1% to $1,724.0 million in the nine months ended September 30, 2026, with organic revenue growth of 8%. Organic transaction volumes grew 7%, alongside new sales growth, while…
• Market Demand TrendsImportance 59 · Surprise 40
  Consolidated revenue grew 11% organically on a pro forma and macro-adjusted basis in the third quarter of 2026, driven by increased spend and transaction volumes and the implementation and ramping of new sales and…
• Net Income and ProfitabilityImportance 59 · Surprise 48
  Consolidated revenue was $3,981.7 million for the nine months ended September 30, 2026, up from $3,280.2 million in the prior-year period. Corporate Payments revenue grew 42.7% to $1,623.9 million, including 16%…
• Revenue Performance and MixImportance 59 · Surprise 48
  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…
• Strategic InvestmentImportance 58 · Surprise 42
  Corpay and TPG formed a limited partnership that completed its acquisition of AvidXchange in October 2025. Corpay invested approximately $578 million for approximately 35% of the partnership’s equity, at an enterprise…
• Geographic Revenue TrendsImportance 58 · Surprise 56
  Third-quarter U.S. revenue increased to $623.7 million from $575.0 million, Brazil revenue rose to $227.1 million from $182.5 million, and U.K. revenue increased to $207.7 million from $159.1 million. For the first…
• Operating Expense TrendsImportance 52 · Surprise 56
  Nine-month processing expense increased 19.2% to $845.3 million, including $47 million of higher credit-loss expense from increased transaction volumes and $23 million of unfavorable foreign-exchange impact. Selling…
• Liquidity and Debt PositionImportance 49 · Surprise 6
  At September 30, 2026, Corpay reported approximately $4.0 billion of total liquidity, including $3.1 billion of unrestricted cash and $0.9 billion available under its Credit Facility; some cash supports customer…
• Depreciation and AmortizationImportance 41 · Surprise 48
  Depreciation and amortization expense was $348.8 million for the nine months ended September 30, 2026, an increase of 26.1% year over year. The increase was driven by incremental capital expenditure investments, about…
• Income Tax Rate ChangesImportance 41 · Surprise 48
  The third-quarter income-tax provision declined to $120.0 million from $143.3 million, and the effective tax rate fell to 23.9% from 34.0%. The lower quarterly rate primarily reflected an improved geographic mix of…
• Interest Expense TrendsImportance 36 · Surprise 40
  Third-quarter net interest expense increased 8.7% to $108.8 million, primarily because of additional borrowings used for acquisitions and share repurchases, partly offset by lower rates and increased interest income on…
• Macroeconomic Factors ImpactImportance 32 · Surprise 24
  Corpay estimated that macroeconomic conditions increased consolidated revenue by approximately $163 million in the nine months ended September 30, 2026, compared with the prior-year period. The benefit included…
• Lodging Payments DemandImportance 30 · Surprise 40
  Lodging Payments revenue increased 3% organically in the third quarter of 2026. Room nights declined 14% to 7.7 million, while revenue per room night increased 20% to $17.06. The company said revenue per room night…

Revenue by Product (in millions)

Revenue by Geography (in millions)