Corpay, Inc. (CPAY) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and Corpay published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Corpay reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted net income per diluted share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Corpay recast its 2025 segment results to its current presentation, so the year-ago segment figures differ from those first reported.
• Corpay sold PayByPhone, a mobile parking payments business in Vehicle Payments, in March 2026, and classified its Vehicle Payments maintenance business as held for sale in Q2 2026. It bought Alpha Group International on October 31, 2025; Alpha is reported in Corporate Payments.
• Net income and EPS are amounts attributable to Corpay. For 2026, Corpay computes EPS under the two-class method.

Source: Corpay Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Corpay splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Corpay's Corporate Payments revenue was $571 million in Q3 2026, up 41% from $406 million in Q3 2025, 41% of total revenue.
• Corpay's Vehicle Payments revenue was $580 million in Q3 2026, up 8% from $538 million in Q3 2025, 42% of total revenue.
• Corpay's Lodging Payments revenue was $131 million in Q3 2026, up 3% from $127 million in Q3 2025, 9% of total revenue.
• Corpay's Other revenue was $99.7 million in Q3 2026, down 2% from $101 million in Q3 2025, 7% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Corpay said:

“Total revenues between $5.340 billion and $5.360 billion, growing 18% at the midpoint year over year;”

“Net income per diluted share between $20.03 and $20.23;”

“Adjusted net income per diluted share between $27.90 and $28.10, growing 31% at the midpoint year over year.”

“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”

Source: Corpay Q3 2026 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CPAY forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenues, net and diluted EPS attributable to Corpay, each as first reported in that quarter's release.

Corpay's next report is expected around February 3, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 4, 2026

Corpay's revenues, net rose 18% to $1,381.9 million in Q3 2026 from $1,172.5 million, and organic revenue growth was 11%. Vehicle Payments was the largest segment at $579.8 million (42% of revenue), followed by Corporate Payments at $571.3 million (41%), Lodging Payments at $131.1 million (9%) and Other, which includes gift, outsourced card processing and payroll card, at $99.7 million (7%). (Corpay Q3 2026 release, Nov 4, 2026)

Corporate Payments revenue rose 40.8%. Corpay attributed it to 18% organic growth, 24% growth in spend volume, new sales in payables and cross-border, and about $75 million of revenue from acquisitions, including Alpha Group International, bought on October 31, 2025 for about $2.4 billion. Spend volume was $95,301 million, and revenue per dollar of spend was 0.60%, down from 0.62%. (Corpay Form 10-Q, Q3 2026, Nov 5, 2026; Corpay Q3 2026 release, Nov 4, 2026)

Vehicle Payments revenue rose 7.7% on 8% organic growth, new international sales, about $15 million from foreign exchange and about $18 million from fuel prices, partly offset by about $26 million lost to dispositions and about $5 million from fuel spreads. Reported transactions fell to 152.4 million from 207.3 million because PayByPhone, which handled 65.3 million parking transactions a year earlier, was sold in March 2026. Lodging Payments grew 3.2% even as room nights fell to 7.7 million from 8.9 million, because revenue per room night rose to $17.06 from $14.20. (Corpay Form 10-Q, Q3 2026, Nov 5, 2026; Corpay Q3 2026 release, Nov 4, 2026)

By geography, the US produced $624 million, or 45% of Q3 2026 revenue, down from 49% a year earlier. Brazil produced $227 million (16%), the UK $208 million (15%) and other countries $324 million (23%). Across the company, foreign exchange added about $16 million and fuel prices about $22 million, while fuel price spreads took away about $5 million. (Corpay Q3 2026 release, Nov 4, 2026)

Corpay's GAAP diluted EPS rose 45% to $5.66 in Q3 2026, and adjusted net income per diluted share rose 32% to $7.54 from $5.70. Adjusted net income of $500.7 million adds back stock-based compensation ($33.4 million), amortization ($81.3 million), integration and deal related costs ($17.2 million), restructuring ($5.7 million) and adjustments at Corpay's equity method investment ($19.4 million), net of the tax impact. (Corpay Q3 2026 release, Nov 4, 2026)

The provision for income taxes fell 16% to $120.0 million even though pretax income rose 19%. The effective tax rate was 23.9%, against 34.0% a year earlier, when the rate included Pillar Two legislation, revalued deferred taxes and a discrete provision from tax restructuring. Net interest expense rose 9% to $108.8 million. (Corpay Q3 2026 release, Nov 4, 2026; Corpay Form 10-Q, Q3 2026, Nov 5, 2026)

Buybacks lowered the share count: diluted shares were 66,385 thousand against 71,131 thousand a year earlier. Corpay repurchased 1.9 million shares for $747 million in Q3 2026 and 5.25 million shares for $1.85 billion through the end of the quarter. In October 2025 it invested about $578 million for about 35% of a partnership with TPG that took AvidXchange private. (Corpay Q3 2026 release, Nov 4, 2026; Corpay Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Corpay gives full-year and next-quarter guidance in its release and raised its 2026 outlook with Q3 results. It now expects 2026 revenues of $5.340 billion to $5.360 billion, GAAP net income per diluted share of $20.03 to $20.23, and adjusted net income per diluted share of $27.90 to $28.10, growth of 31% at the midpoint. For Q4 2026 it expects revenue of about $1.37 billion and adjusted net income per diluted share of $7.65 at the midpoint. (Corpay Q3 2026 release, Nov 4, 2026)

The outlook assumes weighted average U.S. fuel prices of $4.90 per gallon for the rest of the year, fuel price spreads roughly flat with the 2025 average, full-year interest expense of $435 million to $455 million, about 66 million diluted shares and an adjusted effective tax rate of about 24% to 26%. (Corpay Q3 2026 release, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover Corpay, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Corpay's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CPAY is on is CPAY a buy or a sell?, what analysts expect next is on the CPAY forecast, and what the company does is on the Corpay, Inc. (CPAY) stock page.

Every number on this page can be traced to a document Corpay published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.