We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CPAY Stock Rises 14.6% in Three Months: Here's What You Should Know
Read MoreHide Full Article
Key Takeaways
Corpay shares gained 14.6% in three months, beating the industry's 0.2% decline and the S&P 500's 3.8% rise.
CPAY's Corporate Payments revenues rose 42% in Q2'26, fueled by cross-border and payables demand.
CPAY's Alpha & Avid investments added 39 cents to adjusted EPS, while $321M in buybacks supported returns.
Corpay, Inc. (CPAY - Free Report) stock has gained 14.6% over the past three months, outperforming the industry’s 0.2% decline and the Zacks S&P 500 Composite's 3.8% return.
CPAY’s Three-Month Share Price Performance
Image Source: Zacks Investment Research
Let us delve deeper into the factors that have contributed to the company’s outperformance.
Corpay is benefiting from sustained demand across its payment businesses. In the second quarter of 2026, Corporate Payments revenues rose 42% year over year to $548.7 million, contributing 41% of total revenues. Pro-forma and macro-adjusted revenues grew 16%, while adjusted spend volume rose 43%, driven by cross-border and payables activity.
Vehicle Payments revenues increased 13% to $580.2 million, with adjusted growth of 8%, supported by continued strength in Brazil and Europe. Lodging Payments revenues rose 3% to $123.2 million, with organic growth of 2%, reflecting sequential improvement as prior-year comparisons eased. Continued momentum in Corporate Payments and steady expansion in Vehicle Payments support revenue growth, while a recovery in Lodging Payments provides additional upside.
CPAY’s Past Buyouts Accelerate Corporate Payments Growth
Corpay’s acquisitions expand its corporate payments capabilities and addressable market. The 2025 acquisition of Alpha Group International strengthened its cross-border foreign exchange and global accounts offerings, while the AvidXchange investment expanded its presence in payables automation. Together, Alpha and Avid contributed 39 cents to adjusted EPS in the second quarter of 2026. More than 80% of Alpha’s corporate volume had migrated to Corpay’s global platform, while Avid’s sales grew more than 30% and EBITDA more than doubled year over year. These investments deepen Corpay’s corporate payments exposure and create opportunities for cross-selling and operational efficiencies. Continued integration and scaling support earnings growth and a more diversified revenue mix.
Share Buybacks Drive Per-Share Earnings Growth for CPAY
Corpay’s ongoing share repurchases reinforce its commitment to shareholder returns. In the second quarter of 2026, the company repurchased approximately 1 million shares for $321 million, with $1.4 billion remaining under its authorization. Management also plans to deploy proceeds from the vehicle maintenance divestiture toward additional buybacks to offset the transaction’s expected adjusted EPS impact. The substantial remaining authorization provides flexibility for continued repurchases. A lower share count supports per-share earnings growth and enhances shareholder value.
View the Zacks #1 Rank List
Image: Bigstock
CPAY Stock Rises 14.6% in Three Months: Here's What You Should Know
Key Takeaways
Corpay, Inc. (CPAY - Free Report) stock has gained 14.6% over the past three months, outperforming the industry’s 0.2% decline and the Zacks S&P 500 Composite's 3.8% return.
CPAY’s Three-Month Share Price Performance
Image Source: Zacks Investment Research
Let us delve deeper into the factors that have contributed to the company’s outperformance.
CPAY’s Broad-Based Segment Growth Supports Revenue Momentum
Corpay is benefiting from sustained demand across its payment businesses. In the second quarter of 2026, Corporate Payments revenues rose 42% year over year to $548.7 million, contributing 41% of total revenues. Pro-forma and macro-adjusted revenues grew 16%, while adjusted spend volume rose 43%, driven by cross-border and payables activity.
Vehicle Payments revenues increased 13% to $580.2 million, with adjusted growth of 8%, supported by continued strength in Brazil and Europe. Lodging Payments revenues rose 3% to $123.2 million, with organic growth of 2%, reflecting sequential improvement as prior-year comparisons eased. Continued momentum in Corporate Payments and steady expansion in Vehicle Payments support revenue growth, while a recovery in Lodging Payments provides additional upside.
CPAY’s Past Buyouts Accelerate Corporate Payments Growth
Corpay’s acquisitions expand its corporate payments capabilities and addressable market. The 2025 acquisition of Alpha Group International strengthened its cross-border foreign exchange and global accounts offerings, while the AvidXchange investment expanded its presence in payables automation. Together, Alpha and Avid contributed 39 cents to adjusted EPS in the second quarter of 2026. More than 80% of Alpha’s corporate volume had migrated to Corpay’s global platform, while Avid’s sales grew more than 30% and EBITDA more than doubled year over year. These investments deepen Corpay’s corporate payments exposure and create opportunities for cross-selling and operational efficiencies. Continued integration and scaling support earnings growth and a more diversified revenue mix.
Share Buybacks Drive Per-Share Earnings Growth for CPAY
Corpay’s ongoing share repurchases reinforce its commitment to shareholder returns. In the second quarter of 2026, the company repurchased approximately 1 million shares for $321 million, with $1.4 billion remaining under its authorization. Management also plans to deploy proceeds from the vehicle maintenance divestiture toward additional buybacks to offset the transaction’s expected adjusted EPS impact. The substantial remaining authorization provides flexibility for continued repurchases. A lower share count supports per-share earnings growth and enhances shareholder value.
CPAY’s Zacks Rank & Stocks to Consider
Corpay currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A couple of better-ranked stocks in the broader Business Services sector are CBIZ, Inc. (CBZ - Free Report) and EVERTEC, Inc. (EVTC - Free Report) .
CBIZ carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 10%.
CBZ beat earnings estimates in three of the trailing four quarters and missed once, delivering an earnings surprise of 8.9% on average.
EVERTEC also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 10%.
EVTC beat earnings estimates in three of the trailing four quarters and missed once, with an average earnings surprise of 3.8%.