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Corpay, Inc. provides corporate payments services for businesses through commercial cards, AP modernization, cross-border payments, vehicle payment solutions and lodging payment services. News about the company commonly covers financial results, guidance updates, investor presentations and developments across its Corporate Payments, Vehicle Payments and Lodging Payments businesses.
Company updates also focus on Corpay Complete, spend management automation, virtual cards, fleet cards, invoice and payment automation, foreign exchange services and global bank accounts. Recent operating themes include multi-rail cross-border settlement, stablecoin and blockchain-based payment capabilities, embedded finance workflows, customer and sports-related FX partnerships, and research on payment automation and expense-management practices.
Corpay (NYSE: CPAY) announced that its Cross-Border division has entered into an agreement with the European T20 Premier League (ETPL), a new ICC-sanctioned franchise cricket tournament. Under the deal, Corpay Cross-Border becomes ETPL’s exclusive and Official Foreign Exchange (FX) Partner and an Official Partner.
Corpay Cross-Border will provide ETPL with FX risk management solutions to help manage foreign exchange exposure in day-to-day operations and will enable the league to streamline global payments through its platform. ETPL is co-founded by several cricket executives in partnership with Cricket Ireland, Cricket Scotland and the Royal Dutch Cricket Association.
Corpay (NYSE: CPAY) has signed a definitive agreement to sell its UK-based vehicle payments and fleet software businesses epyx, r2c Online and Business Gateway to OEConnection (OEC), a Francisco Partners portfolio company. The assets support fleet service, maintenance, repair authorization and management workflows across the UK and Europe.
According to Corpay, the divestiture advances its strategy to simplify its portfolio and increase focus on Corporate Payments businesses. The deal is expected to close this fall, subject to customary regulatory approvals and closing conditions, and is expected to be neutral to Corpay’s 2026 Cash EPS as the company plans to use proceeds for share repurchases.
Corpay (NYSE: CPAY) reported second quarter 2026 revenues of $1.34 billion, up 21% year over year, with 10% organic revenue growth. GAAP net income attributable to Corpay declined 13% to $248.3 million, or $3.70 diluted EPS, reflecting a $100 million charge for a preliminary FTC Bureau of Consumer Protection settlement.
On a non-GAAP basis, adjusted EBITDA rose 24% to $767.2 million, adjusted net income increased 27% to $464.4 million, and adjusted diluted EPS grew 36% to $7.00. Corpay refinanced debt, expanded its revolver to $3.7 billion, ended the quarter at 2.55x leverage, and repurchased 1 million shares for $321 million.
For fiscal 2026, Corpay raised guidance to total revenues of $5.29–$5.33 billion (17% growth at midpoint), GAAP net income of $1.285–$1.325 billion, and adjusted diluted EPS of $27.15–$27.55 (28% growth at midpoint). Third-quarter 2026 revenue is expected at about $1.355 billion (16% growth) and adjusted diluted EPS at $7.15 (26% growth).
Corpay (NYSE: CPAY) announced that its Cross-Border business has entered into an agreement to become the exclusive and Official Foreign Exchange (FX) Partner of Ultimate Sevens, a new global rugby sevens championship backed by BIA Sports Group and launching in August 2026.
Corpay Cross-Border will provide Ultimate Sevens with FX risk management solutions and a single-point platform for managing global payments, supporting the series’ multi-national operations. Ultimate Sevens describes the championship as a global showcase for elite sevens athletes with an innovative, fast-paced format and strong focus on gender parity.
Corpay (NYSE: CPAY) launched Agent Card, a capability that lets trusted AI agents create secure, controlled virtual cards for approved business transactions within Corpay’s existing payment controls. The feature supports user-directed and machine-to-machine workflows across procurement, supplier payments, travel, and digital advertising, using authentication, spend-intent authorization, and open AI connectivity standards.
Corpay (NYSE: CPAY) will host a conference call to discuss its second quarter 2026 financial results on Wednesday, August 5, 2026 at 5:30 p.m. ET. A press release with the results will be issued after the market close that same day.
The call will be webcast live via Corpay’s investor relations website and accessible by phone using Conference ID CORPAY. A telephone replay, using replay ID 11162155, will be available until August 19, 2026. Corpay describes itself as a global S&P 500 corporate payments company offering solutions for vehicle-related expenses, travel expenses, and payables.
Corpay (NYSE: CPAY) announced that its Cross-Border business has become Fever’s exclusive and Official Global FX Partner. Fever is a global live-entertainment discovery and ticketing platform.
The partnership enables Fever’s operations across North America, Mexico, the UK, EMEA, and APAC to use Corpay’s cross-border payment and currency risk management solutions.
Corpay (NYSE: CPAY) announced that its Cross-Border business has become the Official FX Supplier of Vålerenga Fotball AS. The agreement provides FX risk management solutions and a single-platform global payments service to support the Norwegian club’s operations and manage currency fluctuations.
Corpay (NYSE: CPAY) will participate in two upcoming investor conferences in New York.
The company will attend the Baird Global Consumer, Technology & Services Conference on June 3, 2026, and the Morgan Stanley US Financials Conference on June 9, 2026, with a fireside chat at 1:45am ET, accessible via its investor relations website.
Corpay (NYSE: CPAY) closed an amendment to refinance and expand its debt facilities, boosting liquidity and extending maturities.
The revolving credit facility rose by $925 million to $3.7 billion and Term Loan A increased by $420 million to $3.3 billion, both on new five-year terms with USD rates 10 basis points lower. Corpay plans to use $1 billion to reduce and refinance Term Loan B, resulting in a $2.9 billion Term Loan B maturing in November 2032 and lower annual interest expense.