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21:30
Aug 05 ◎

CPAY FY2026 Q2 Watch

Corpay, Inc. (CPAY) FY2026 Q2 Earnings Call

GOOGL C JPM MA CPAY ▾

Ron Clark

The Google search partnership continues to face headwinds from earlier in the year, though management is finding alternative ways to drive growth in Brazil.

"we're still sitting in the same spot with the Google search. But we have a couple of, like, always new ideas. So you'll see that thing kind of in our rest year."

GOOGL WATCH

Ron Clark

Corpay views initiatives by major banks like Citi to modernize payment rails as a positive development for the cross-border payments industry overall.

"whether it's the JPM thing or, you know, Citi announced a similar thing. So to me, having the banks Connor Raleigh, you know, a consortium that wants to do this speedy blockchain thing... We love that."

C WATCH

Ron Clark

Management is pushing to migrate up to half of their cross-border wires from SWIFT to private blockchain rails like JPMorgan's by year-end, a major shift in payment infrastructure. — This demonstrates accelerating adoption of private blockchain rails for cross-border B2B payments, potentially reducing costs and risks for banks and fintechs and applying pressure on traditional correspondent banking networks (SWIFT).

"I think we've done 40,000 transactions already over the JPM private blockchain. So it's not just on a paper. It's real. We're actually moving money."

JPM WATCH V WATCH

Ron Clark

The Mastercard-FI channel is gaining significant traction, with 10 FIs closed and 100 active additional FIs in the pipeline, potentially unlocking a new scalable distribution channel for cross-border payments. — The successful ramp of this partnership could lead to substantial volume growth for Corpay and its partner Mastercard, further solidifying their position in the mid-market cross-border space.

"We're now at 10 FIs that have been closed. On the last report I saw, we've got 100 active additional FIs in the pipeline."

MA WATCH

Ron Clark

Management is extremely bullish, raising full-year guidance on the back of a strong beat and expecting continued high growth in the second half, driven by strong fundamentals and a favorable macro environment.

"So look, in conclusion today, we are obviously delighted with the Q2 performance. We're confident in our raised second half guide. Again, expecting mid-20s year-over-year cash EPS growth. And we're really excited about the future, the road"

CPAY WATCH

HIGH

21:30
May 07 ◎

CPAY FY2026 Q1 Watch

Corpay, Inc. (CPAY) FY2026 Q1 Earnings Call

JPM CPAY ▾

Ron Clark

JPMorgan's approach to blockchain, which involves tokenizing fiat currencies while still keeping deposits with banks, is explicitly favored by Corpay over the alternative of using stablecoins, positioning JPM's solution as the preferred rail for B2B settlements. — This is a strong external validation of JPMorgan's blockchain strategy over competitors like those pushing stablecoin-based solutions.

"We just signed JP Morgan and BBNK agreements to speed the addition of blockchain rails to our global settlement network."

JPM WATCH

Ron Clark

Corpay's management is clearly bullish, raising full-year guidance on the back of strong Q1 results driven by underlying business momentum, not just macro tailwinds, and reiterating mid-term growth targets.

"We reported revenue of $1.26 billion, up 25%, and cash EPS of $580, up 29%. Importantly, about two-thirds of our $50 million Q1 revenue beat versus guidance was really just Better performance across the board, not macro related."

CPAY WATCH

HIGH

22:30
Feb 04 ◎

CPAY FY2025 Q4 Watch

Corpay, Inc. (CPAY) FY2025 Q4 Earnings Call

CPAY ▾

Peter Walker

Management provided strong 2026 guidance (22% EPS growth) driven by fundamentals, acquisitions, and favorable macro, showing high confidence in future performance.

"Our confidence in our guidance is high, given most of the building blocks for this performance are already in place."

CPAY WATCH

HIGH

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