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CPAY · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 21.5% y/y to $1.34B, operating margin 35.3% vs 43.5%, net income $248M (−12.6% y/y).
Net income attributable to Corpay
$248M
down 12.6% y/y
Revenues, net
$1,339M
up 21.5% y/y
Operating income
$472M
down 1.5% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Revenues, net | $1,339 · +21.5% |
| Processing | $275 · +15.4% |
| Selling | $151 · +30.1% |
| General and administrative | $224 · +26.4% |
| Depreciation and amortization | $118 · +29.5% |
| Other operating, net | $99.9 · ×49946 |
| Gain on disposition, net | $1.1 · vs $0 |
| Operating income | $472 · −1.5% · 35.3% margin |
| Other expense (income), net | $6.3 · vs $10.6 |
| Interest expense, net | $115 · +18.4% |
| Loss on extinguishment of debt | $6.6 · vs $0 |
| Income before income taxes | $345 · −12.3% |
| Provision for income taxes | $92.9 · −14.8% · 27.0% effective rate |
| Less: Net income (loss) attributable to noncontrolling interests | $3.5 · vs −$0.1 |
| Net income attributable to Corpay | $248 · −12.6% · $3.70/sh · 18.5% margin |
Verdict: revenue grew 21.5% y/y to $1.34B, operating margin 35.3% vs 43.5%, net income $248M (−12.6% y/y).
Source and notation
Source: Corpay press release, 8-K EX-99.1 of 08/05/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
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Chart: “CPAY Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/cpay/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/cpay/q2-2026"><img src="https://whoreportstoday.com/t/cpay/q2-2026/sankey.png" alt="CPAY Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/cpay/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/cpay/q2-2026">CPAY Q2 2026 earnings chart (Who Reports Today)</a>
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- Operating income was $472M, a 35.3% margin vs 43.5% a year earlier.
- The effective tax rate was 27.0% vs 27.7% a year earlier.
- Diluted EPS was $3.70 vs $3.98 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
CPAY — a business payments company that helps companies control and pay their expenses.
It reports three segments: Corporate Payments (accounts payable automation, virtual cards, cross-border payments), Vehicle Payments (fuel cards, tolls and related products) and Lodging Payments (managing hotel stays for workers and travelers); gift and payroll cards are reported as Other. · Source: annual report (Form 10-K, SEC)
Heads-up
- net income fell 13% y/y in Q2 2026
Net income for Q2 2026: $248M, −13% y/y. In the report's figures: costs grew faster than revenue: selling +30% y/y, depreciation and amortization +30% y/y. Based on the Q2 2026 report.
The company's report ↗More reports: EG · Q3 2026 · ERIE · Q3 2026 · FDS · Q4 FY2026 · FIS · Q3 2026 · FISV · Q3 2026 · FITB · Q3 2026 · GL · Q3 2026 · GPN · Q2 2026 · GS · Q3 2026 · HBAN · Q3 2026 · all reports