• Reported GAAP EPS of $5.14 up 48.55% YoY • Reported revenue of $1.26B up 25.39% YoY • Corpay raised its full-year 2026 outlook, now expecting total revenues between $5.25B and $5.33B, and adjusted net income per diluted share between $26.30 and $27.10.
Bullish
Corpay reported outstanding Q1 results with 25% revenue growth and 29% adjusted EPS growth. Organic revenue grew 11%, Corporate Payments saw 16% organic growth, and Corpay repurchased $786 million in shares.
Bearish
Corpay's Corporate Payments revenue per spend dollar decreased, and Lodging Payments experienced a 25% decline in room nights. Additionally, Corpay's adjusted EBITDA margin compressed to 54.6% from 55.2%.