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Corpay posts strong Q2 results, raises guidance, shifts focus to $560B corporate payments market

Company Fundamentals
23 Aug 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Corpay reported strong second-quarter 2026 results with revenue up 21% to $1.34 billion and an expanded adjusted EBITDA margin of 57.3%. The company raised its full-year guidance, driven by robust earnings and revenue growth. Corpay is shifting its business focus from vehicle payments to corporate and cross-border payments, targeting a $560 billion total addressable market where it currently holds less than 1% share. Trading at a 29% discount to its peak valuation, Corpay supports its share price through buybacks and potential accretive acquisitions, positioning itself for future growth.

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