Corpay Reports Third Quarter Financial Results

Ron Clarke, Chairman and chief executive officer of Corpay, Inc.

“Our third quarter results were excellent, with revenue growth of 18% and adjusted net income per diluted share growth of 32%, both ahead of our expectations”

Ron Clarke, Chairman and chief executive officer of Corpay, Inc.

“Organic revenue growth for the quarter was 11%. We've delivered 11% organic growth for five of the last six quarters”

Peter Walker, Chief financial officer of Corpay, Inc.

“Corporate Payments delivered 18% organic revenue growth driven by strong performance in both spend management and cross-border, and we delivered 57.4% EBITDA margins due to the high flow through rate on revenue”

Peter Walker, Chief financial officer of Corpay, Inc.

“Through the end of the quarter we've repurchased 5.25 million shares for $1.85 billion, inclusive of the 1.9 million shares repurchased for $747 million in the third quarter,”

Peter Walker, Chief financial officer of Corpay, Inc.

“We are raising our full-year 2026 outlook to reflect our strong third quarter results and improved expectations for the fourth quarter”

Peter Walker, Chief financial officer of Corpay, Inc.

“At the midpoint, our updated guidance calls for full-year revenue of $5.35 billion and adjusted net income per diluted share of $28.00, representing growth of 18% and 31%, respectively.”

Peter Walker, Chief financial officer of Corpay, Inc.

“For the fourth quarter, we expect revenue of approximately $1.37 billion and adjusted net income per diluted share of $7.65 at the midpoint”