Corpay management commentary: Spend management strength drives Q3 2026 earnings beat

• Corpay management commentary attributed third-quarter 2026 revenue growth of 18% to $1.38 billion to favorable macroeconomic conditions and spend management outperformance.
• Adjusted EPS rose 32% to $7.54, supported by operating performance, accretive acquisitions, buybacks and a lower adjusted effective tax rate.
• Corporate Payments organic revenue grew 18%, driven by strength in cross-border payments and spend management; overall organic revenue increased 11%.
• Alpha and Avid are expected to contribute more than $1.40 in cash EPS accretion this year, exceeding the $1 target.
• Management raised full-year revenue guidance to $5.35 billion and adjusted EPS guidance to $28, reflecting quarterly outperformance and stronger fourth-quarter expectations.

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