The payments firm boosted full-year revenue and cash EPS forecasts following 21% year-over-year growth in Q2.
Corpay reported second-quarter revenue of $1.34 billion, up 21% year-over-year and $45 million above expectations. Cash earnings per share reached a record $7.00, rising 36% from the prior year.
Organic revenue growth hit 10%, driven by 16% growth in Corporate Payments and 8% in Vehicle Payments. Retention remained at 93%, while new bookings surged 30% year-over-year. The company raised full-year revenue guidance to $5.31 billion, up 17%, and cash EPS guidance to $27.35, implying 28% growth.
Corpay also highlighted $15 billion in available capital for share buybacks or acquisitions, signaling confidence in its growth trajectory.