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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Corpay
Corpay (CPAY) investor relations material
Corpay Deutsche Bank 2026 Technology Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Deutsche Bank 2026 Technology Conference summary27 Aug, 2026
Business momentum and outlook
Sustained strong performance with four consecutive quarters of beat and raise, and five quarters of double-digit organic growth; confidence in maintaining momentum through 2026 and beyond.
Macro trends and customer activity are tracking as expected, with continued strength in sales and retention.
Segment performance and strategy
Corporate payments delivered 16% organic growth in Q2, with similar or higher growth expected in the second half; focus remains on spend management, commercial card, AP automation, and cross-border solutions.
Vehicle payments saw 8% organic growth, with Brazil performing in the mid-teens and Europe/rest of world around 9-10%; U.S. vehicle payments are being deprioritized in favor of higher-return corporate payments.
Lodging returned to flat or slightly positive growth in Q2, with expectations for mid-single-digit growth by year-end as new sales ramp up.
Portfolio management and capital allocation
Two divestitures announced this year (PayByPhone and epyx), with proceeds used for share buybacks to minimize EPS dilution; further divestitures of three to four businesses are likely over the next 18 months.
Focus is on pruning TAM-constrained or lower-growth assets to concentrate on corporate payments and maximize shareholder value.
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Latest events from Corpay
- Integrated B2B payment solutions drive double-digit growth and target a $600B market.CPAY
Investor presentation - Q2 revenue up 21%, adjusted EPS up 36%, net income down on $100M FTC charge, guidance raised.CPAYQ2 2026
- Corporate and cross-border payments are scaling rapidly through tech, global reach, and innovation.CPAYAutonomous 10th Annual Future of Commerce Symposium 2025
- Strategic pivot to corporate payments, targeting 24% EPS growth and $50 cash EPS in four years.CPAYMorgan Stanley US Financials Conference 2026
- $2.2B acquisition expands cross-border payments, investment fund reach, and 2026 EPS.CPAYM&A Announcement
- Q3 revenue topped $1B with 6% organic growth and strong Corporate Payments performance.CPAYQ3 2024
- Acquisitions to close by early 2025, driving 15% revenue growth and global payments expansion.CPAYM&A Announcement
- Q1 2025 saw 8% revenue growth, 10% EPS gain, and strong Corporate Payments momentum.CPAYQ1 2025
- Record 2024 growth and strong 2025 outlook, despite macro and FX headwinds.CPAYQ4 2024
Next Corpay earnings date
Q3 20264 Nov, 2026
Corpay
Next Corpay earnings date
Q3 20264 Nov, 2026
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Frequently asked questions
Business Payment Solutions
Fleetcor Technologies Inc. is an American company with global operations that provides business payment solutions. The company specializes in fuel cards, corporate payments, tolls, and lodging management for businesses, merchants, and other customers. Its product portfolio includes branded fuel cards, corporate lodging discount cards, and toll payment solutions, among others. Fleetcor has a diverse customer base, with clients being found in transportation, government, construction, and more. The company is headquartered in Atlanta, Georgia, and its shares are listed on the NYSE.
Ron Clarke
Ron Clarke, the company’s long-term CEO and chairman, has taken Fleetcor from a $25 million company into one of the largest players within its industry since his hiring in 2000. Clarke had previously worked at General Electric and Booz Allen Hamilton, and he proved to be just the man for the job. Under his leadership, Fleetcor has grown both organically and through strategic acquisitions into one of the largest companies of its kind.
Fleet Payment Solutions
A bulk of the company’s revenue is generated through its fleet payment solutions. These offerings include specialized fuel cards and payment products that enable companies to manage and control fuel and transportation expenses. The fuel cards are used by fleet drivers to purchase fuel, maintenance services, and other vehicle-related expenses. FleetCor's system offers detailed reporting and analytics, which help businesses track spending patterns, monitor usage, and identify potential cost-saving opportunities. Fleetcor is one of the leaders in this sector together with WEX.
Other Services
FleetCor offers a diverse range of services beyond fleet payment solutions. The company provides corporate payment services, which include virtual cards and accounts payable automation, which helps manage corporate expenses and supplier payments. Additionally, it offers toll payment solutions, simplifying the process of paying toll charges for fleet vehicles. Its lodging solutions cater to businesses requiring accommodations for their mobile workforce, offering options for hotel bookings and expense management.