Corpay, Inc. (CPAY) · Nov 4, 2026 · Earnings

Corpay earnings beat as 2026 guidance rises again

Beat — Adj. EPS $7.54 vs ~$7.20 consensus; FY guide midpoint raised to $28.00

Corpay earnings beat Q3 expectations on strong corporate-payments growth, while another 2026 guidance raise lifts the bar again.

Corpay is in the middle of shifting its growth engine toward corporate payments, cross-border services and AP automation, while still carrying a large vehicle-payments business. Corporate Payments had already become more than 40% of revenue in management’s 2026 plan, following the Alpha acquisition and investment alongside TPG in AvidXchange.

The quarter cleared both the company’s guide and published expectations. Adjusted diluted EPS was $7.54 versus the company’s prior Q3 midpoint of $7.15 and roughly $7.20 consensus; revenue was $1.382 billion versus the prior midpoint of $1.355 billion and roughly $1.36 billion consensus. The beat is meaningful, though not transformational.

	Q3 2026	Q3 2025	Consensus / prior guide
Revenue (Financial Highlights)	$1,381.9M (+17.9%)	$1,172.5M	~$1,360M consensus
Adjusted diluted EPS (Adjusted net income)	$7.54 (+32.3%)	$5.70	~$7.20 consensus
Organic revenue growth (Management commentary)	11%	—	10% in Q2
Adjusted EBITDA margin (EBITDA reconciliation)	57.4%	57.7%	—
FY26 revenue guidance midpoint (Guidance table)	$5.350B	—	$5.310B prior midpoint
FY26 adjusted EPS guidance midpoint (Guidance table)	$28.00	—	$27.35 prior midpoint

The strongest evidence is that the growth is not only acquisition-driven. Corporate Payments produced 18% organic revenue growth, and company-wide organic growth reached 11%, maintaining the double-digit run rate that has been central to Corpay’s repositioning. The filing says, “Organic revenue growth for the quarter was 11%.” 〔0〕 Corporate Payments revenue rose 18% on a pro forma and macro-adjusted basis, while spend volume increased 24%; however, revenue per spend dollar declined 5%, so volume—not pricing or monetization—did most of the work. (Corporate Payments segment results)

Management raised the full-year bar rather than merely repeating it. The new midpoint is $5.35 billion of revenue and $28.00 of adjusted EPS, up from the prior $5.31 billion and $27.35 midpoint. That is a modest revision, but it confirms that the Q3 outperformance is carrying into the fourth quarter: “We are raising our full-year 2026 outlook to reflect our strong third quarter results and improved expectations for the fourth quarter.”

The main limitation is that profitability did not expand. Adjusted EBITDA margin was 57.4%, slightly below 57.7% a year ago, while interest expense rose 9% and the company continued to rely on substantial adjustments to reach adjusted earnings. That does not negate the beat, but it means the quarter shows strong execution and growth more clearly than it shows operating leverage.

Buybacks amplified per-share results but also used significant capital. Corpay repurchased $747 million of stock in the quarter and $1.85 billion through September, helping diluted shares fall about 7% year over year. The program supports EPS growth, but it comes alongside sizable financing activity and does not substitute for underlying revenue growth. (Cash Flow statement; Management commentary) “Through the end of the quarter we've repurchased 5.25 million shares for $1.85billion.”

Bottom line: This is a clear positive update to Corpay’s operating story: the corporate-payments pivot is producing sustained double-digit organic growth, the quarter beat expectations, and management raised the 2026 outlook again. The signal is strong execution, not a wholesale rewrite of the business.

What to watch next

Q4 earnings report, early February 2027

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

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Corpay earnings beat as 2026 guidance rises again

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