In its Corpay Q3 2026 results, the Atlanta spend management and corporate payments company reported third-quarter revenue of $1,381.9 million on 4 November 2026, up 18%, with adjusted net income per diluted share of $7.54, up 32%, according to its results release. Fintechbits checked its August coverage, which recorded second-quarter cash EPS of $7.00 as a company record and the signing of the epyx sale to OEConnection, so the third quarter’s $7.54 sets a new high and the sale closed about three months after it was agreed. Corpay Q3 2026 organic revenue growth was 11%.

What Corpay Q3 2026 Showed

In Corpay Q3 2026, GAAP net income rose 36% to $378.4 million, or $5.66 per diluted share, double the pace of revenue growth. Adjusted EBITDA rose 17% to $793.8 million. Ron Clarke, chairman and chief executive, said Corpay has delivered 11% organic growth “for five of the last six quarters”.

Corporate Payments was again the engine of Corpay Q3 2026, with 18% organic growth across spend management and cross-border. Peter Walker, chief financial officer, said the segment delivered 57.4% EBITDA margins because of a high flow-through rate on revenue, which explains why profit is outrunning sales. He also said Corpay had repurchased 5.25 million shares for $1.85 billion through the end of the quarter.

The full-year outlook rose to revenue of $5.340 billion to $5.360 billion and adjusted net income per diluted share of $27.90 to $28.10, growth of 18% and 31% at the midpoint.

The epyx Exit

Corpay confirmed on 4 November that it had completed the sale of its UK-based vehicle maintenance business to OEConnection. The completion release does not name the business, but the deal signed in August covered epyx and its sister companies r2c Online and Business Gateway. Clarke described it as the second Vehicle Payments divestiture of 2026 and said Corpay is “concentrating our capital and management attention on fewer, bigger businesses”.

According to Fintechbits’ August coverage, epyx runs a digital network connecting fleet operators, leasing companies, service providers and vehicle manufacturers across the UK and Europe. Barclays and J.P. Morgan advised Corpay, with Jones Day as legal counsel. Corpay says the sale is neutral to its 2026 cash EPS outlook, with buybacks offsetting the lost earnings, the same position it took when the deal was signed in August.

Fintechbits analysis

Why Corpay Q3 2026 Confirms the Portfolio Shift

Corpay used to be known as a fleet card company. The third quarter shows a business whose growth comes from corporate payments and cross-border, an area Fintechbits followed in its October Corpay cross-border coverage. Selling vehicle businesses and buying back stock with the proceeds lets Corpay show EPS growth well above revenue growth, 31% against 18% for the year at the midpoint.

For Corpay Q3 2026, that gap is the point to watch. Buybacks of $1.85 billion are a large share of the EPS gain, and they depend on a balance sheet that can keep funding them. Walker said the updated guidance calls for full-year revenue of $5.35 billion and adjusted EPS of $28.00 at the midpoint. Vehicle Payments is still part of Corpay after two sales, and the release does not say how much of it the company plans to keep. The underlying trend is still good: 11% organic growth is strong for a company of Corpay’s size, and Corporate Payments at 18% organic carries most of it.

Frequently asked questions

What did Corpay report for Corpay Q3 2026?

Corpay reported revenue of $1,381.9 million, up 18%, GAAP EPS of $5.66 and adjusted EPS of $7.54, up 32%. Organic revenue growth was 11%, with Corporate Payments at 18%.

Who bought epyx from Corpay?

OEConnection, a Francisco Partners portfolio company, bought Corpay’s UK vehicle maintenance business, which includes epyx. Corpay confirmed completion on 4 November 2026.

What is Corpay’s 2026 guidance?

Corpay expects revenue of $5.340 billion to $5.360 billion and adjusted EPS of $27.90 to $28.10.

What to Watch Next

After Corpay Q3 2026, the next signal is whether Corpay announces a third Vehicle Payments divestiture, which would confirm a full exit from the original fleet business. The fourth-quarter buyback pace will show how much of 2027’s EPS growth comes from fewer shares rather than more revenue.