Filing Flows › Corpay (CPAY) › Q1 2026
Corpay (CPAY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Corpay (CPAY) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), +25% from a year earlier and +1% from the quarter before. Operating margin was 50.4%, net earnings $350M (27.8% of revenue).
Corpay, Q1 2026: revenue $1.3B (+25% year over year), operating margin 50.4%, net earnings $350M, operating cash flow −$56.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +1% | +25% |
| Operating profit | $636M | +13% | +49% |
| Net earnings | $350M | +32% | +44% |
| Operating cash flow | −$56.6M | -107% | — |
What changed
Revenue was $1.3B in Q1 2026, up 25% year over year and up 1% from the previous quarter.
Operating profit was $0.64B, a 50.4% margin (up 8.0 points year over year). Of the extra revenue versus Q1 2025, 82% reached operating profit, above the 42% margin then. Total costs grew 8% against revenue growth of 25%. The fastest-growing cost line was Sales & marketing (+38%). Net earnings were $0.35B, up 44% year over year. The effective tax rate was 30.0%.
Operating cash flow was −$0.06B. Non-cash charges added back $0.11B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.55B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.11B.
Questions
What was Corpay's revenue in the first quarter 2026?
Corpay (CPAY) reported revenue of $1.3B for the first quarter 2026 (Q1 2026), +25% from a year earlier and +1% from the quarter before.
Was Corpay profitable in the first quarter 2026?
Operating profit was $636M (50.4% of revenue) and net earnings $350M.
Source: Corpay 10-Q on SEC EDGAR.