Filing Flows › Corpay (CPAY) › Q2 2026 › vs Q2 2025
Corpay (CPAY) Q2 2026 vs Q2 2025 (year over year)
Corpay's revenue rose $237M (+21%) from $1.1B in Q2 2025 to $1.3B in Q2 2026. Operating margin 35.3% against 43.5% (-8.2 pts).
Corpay, Q2 2026: revenue $1.3B (+22% year over year), operating margin 35.3%, net earnings $248M, operating cash flow $1.5B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 35.3% | 43.5% | -8.2 pts |
| Net margin | 18.5% | 25.8% | -7.2 pts |
| Free cash flow margin | 105.7% | 98.7% | +7.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.3B | $1.1B | $237M | +21% |
| Operating profit | $472M | $479M | −$7.1M | -1% |
| Costs & expenses | $867M | $623M | $244M | +39% |
| Pre-tax earnings | $345M | $393M | −$48.4M | -12% |
| Other expense, net | $128M | $86.3M | $41.3M | +48% |
| Sales & marketing | $151M | $116M | $34.8M | +30% |
| General & admin | $224M | $177M | $46.7M | +26% |
| Other operating costs | $492M | $330M | $162M | +49% |
| Net earnings | $248M | $284M | −$35.9M | -13% |
| Minority interests | $3.5M | −$90K | $3.6M | — |
| Income tax | $92.9M | $109M | −$16.1M | -15% |
| Depreciation & amortization | $118M | $91.3M | $26.9M | +29% |
| Share-based compensation | $32.0M | $28.9M | $3.1M | +11% |
| Working capital & other | $1.1B | $736M | $336M | +46% |
| Operating cash flow | $1.5B | $1.1B | $330M | +29% |
| Free cash flow (OCF − capex) | $1.4B | $1.1B | $328M | +30% |
| Capital expenditures | $54.4M | $52.6M | $1.8M | +3% |
Questions
How much did Corpay's revenue grow year over year in Q2 2026?
Corpay's revenue rose $237M (+21%) from $1.1B in Q2 2025 to $1.3B in Q2 2026. Operating margin 35.3% against 43.5% (-8.2 pts).