Slide 1: Earnings Release Supplement Q1 2026
Earnings Release Supplement Q1 2026 Refer to earnings release dated May 7, 2026 for further information
Slide 2: Safe Harbor Provision
Safe Harbor Provision This presentation contains forward-looking statements within the meaning of the federal securities laws. Statements that are not historical facts, including statements about Corpay’s beliefs, assumptions, expectations and future performance, are forward-looking statements. Forw
Slide 3: Agenda
Agenda 01 Q1 2026 Results 02 2026 Guidance 03 Appendix 3 © 2026 Corpay. All rights reserved.
Slide 4: Q1 2026 Results
Corpay“* Q1 2026 Results
Slide 5: Our Take on the Quarter
Q1 2026 Results Our Take on the Quarter Q1 revenue and Revenues ahead of expectations1, up 25%: • Revenues $1.26 billion, up 25% YOY adjusted EPS2 ◦ Core revenue out-performance across all segments finished well ahead of ◦ Macro tailwind our guide, growing • Adjusted EPS2 $5.80, up 29% YOY 25% and 2
Slide 6: Revenue and Cash EPS Bridge vs Prior Year
Q1 2026 Results Revenue and Cash EPS1 Bridge vs Prior Year $79 $1,261 $64 $(3) $115 +25% Revenue YoY ($ in millions) $1,006 1Q25 Core Growth Macro 2 Acquisitions 3 Divestiture 4 1Q26 $0.25 $5.80 $0.41 Adjusted $(0.10) $0.08 Net Income $0.22 +29% Per Diluted $0.43 Share1 YoY $4.51 5 6 1Q25 Core Acqui
Slide 7: Organic Revenue Performance Trends
Q1 2026 Results Organic Revenue1 Performance Trends Four consecutive quarters of 11% organic growth 2025 2026 1Q25 2Q25 3Q25 4Q25 1Q26 Corporate Payments 19% 19% 18% 15% 16% Vehicle Payments 8% 9% 9% 10% 10% Lodging Payments (1)% (2)% (5)% (7)% —% Other2 (7)% 13% 16% 21% 7% Total Organic Revenue Gro
Slide 8: Stable Retention
Q1 2026 Results Stable Retention* Overall retention stepped up in 4Q 2025, with the addition of our cross-border business, which is retention accretive Lorem 93.7%* ipsum 93.5%* X% 91.8% 92.3% 92.4% 1Q25 2Q25 3Q25 4Q25 1Q26 *Starting in Q4 2025, calculation includes the impact of our cross-border bu
Slide 9: Improving Leverage and Upsized Credit Facilities
Q1 2026 Results Improving Leverage and Upsized Credit Facilities Robust cash flow and opportunistic buybacks • Reported $689 million of adjusted EBITDA1 • Generated $397 million of free cash flow1,2 • Repurchased 2.4 million shares for $786 million ◦ Includes ~$450 million to repurchase shares in ad
Slide 10: Updated 2026 Guidance
Corpay“* Updated 2026 Guidance
Slide 11: Guidance Bridge
2026 Guidance Guidance Bridge Updating 2026 guidance to flow through the Q1 beat, PaybyPhone sale, and the expected improved rest-of-year macro and strong business fundamentals ($ in millions, except per share data) Guidance Bridge - FY 2026 Revenue EPS February Guidance $5,265 $26.00 Q1'26 Beat - F
Slide 12: FY26 and 2Q26 Updated Guidance
2026 Guidance FY26 and 2Q26 Updated Guidance ($ in millions, except per share data and %) Full year 2026 guidance revised to $5.290 billion and $26.70 at the midpoint February Guidance Ranges1 Guidance Midpoint Range Midpoint YoY Growth Full Year 2026 GAAP Revenues $5,265 $5,250 - $5,330 $5,290 +17%
Slide 13: About Non-GAAP Financial Measures
Q1 2026 Appendix About Non-GAAP Financial Measures This presentation includes certain measures described below that are non-GAAP financial measures. The Company refers to free cash flow, cash net income and adjusted net income attributable to Corpay interchangeably, a non-GAAP financial measure. Adj
Slide 14: Segment Changes
Q1 2026 Segment Changes Segment Changes In the first quarter of 2026, we've refined our segment composition to reflect how we organize and manage our global business. The presentation of segment information has been recast for prior periods. Corporate Payments Vehicle Payments Lodging Payments Other
Slide 15: Reconciliation of Net Income to Adjusted Net Income
Q1 2026 Appendix Reconciliation of Net Income to Adjusted Net Income ($ in millions, except per share amounts) Three Months Ended March 31, 2026 2025 Net income attributable to Corpay $ 350 $ 243 Stock-based compensation 27 18 Amortization1 83 66 Loss on extinguishment of debt — 2 Integration and de
Slide 16: Reconciliation of Net Income to EBITDA
Q1 2026 Appendix Reconciliation of Net Income to EBITDA ($ in millions, except per share amounts) Three Months Ended March 31, 2026 2025 Net income from operations $ 354 $ 244 Provision for income taxes 151 84 Interest expense, net 110 94 Other expense, net 21 4 Depreciation and amortization 115 92
Slide 17: Calculation of Organic Revenue Growth
Q1 2026 Appendix Calculation of Organic Revenue Growth* (Recast) ($ in millions, except %) 1Q26 Organic Growth 2026 2025 Pro Macro % Forma2 Adj3 Corporate Payments $ 482 $ 417 16% Vehicle Payments 524 478 10% Lodging Payments 110 110 —% Other1 81 76 7% Consolidated Revenues, net $1,196 $1,081 11% 1Q
Slide 18: Reconciliation of Organic Revenue to GAAP Revenue by Segment - 2026
Q1 2026 Appendix Reconciliation of Organic Revenue to GAAP Revenue by Segment - 2026 ($ in millions) Macro Pro Adjusted1 Forma2 1Q26 1Q25 Corporate Payments: Pro forma and macro adjusted $ 482 $ 417 Impact of acquisitions/dispositions — (72) Impact of fuel prices/spread 1 — Impact of foreign exchang
Slide 19: Reconciliation of Organic Revenue to GAAP Revenue by Segment - 2026
Q1 2026 Appendix Reconciliation of Organic Revenue to GAAP Revenue by Segment - 2026 ($ in millions) Macro Pro Adjusted1 Forma2 1Q26 1Q25 Other3: Pro forma and macro adjusted $ 81 $ 76 Impact of acquisitions/dispositions — — Impact of fuel prices/spread — — Impact of foreign exchange rates 1 — As re
Slide 20: Reconciliation of Organic Revenue to GAAP Revenue by Segment - 2025
Q1 2026 Appendix Reconciliation of Organic Revenue to GAAP Revenue by Segment - 2025 (Recast) ($ in millions) Macro Adjusted1 Pro Forma2 1Q25 2Q25 3Q25 4Q25 1Q24 2Q24 3Q24 4Q24 Corporate Payments: Pro forma and macro adjusted $ 351 $ 385 $ 404 $ 459 $ 295 $ 324 $ 342 $ 400 Impact of acquisitions/dis
Slide 21: Reconciliation of Organic Revenue to GAAP Revenue by Segment - 2025
Q1 2026 Appendix Reconciliation of Organic Revenue to GAAP Revenue by Segment - 2025 (Recast) ($ in millions) Macro Adjusted1 Pro Forma2 1Q25 2Q25 3Q25 4Q25 1Q24 2Q24 3Q24 4Q24 Other3: Pro forma and macro adjusted $ 77 $ 82 $ 101 $ 109 $ 82 $ 73 $ 87 $ 90 Impact of acquisitions/dispositions — — — —
Slide 22: Segments Recast by Quarter - 2025 and 2024
Q1 2026 Segment Changes Segments Recast by Quarter - 2025 and 2024 ($ in millions) As Recast 1Q25 2Q25 3Q25 4Q25 FY 2025 FY 2024 Revenues, net: Corporate Payments $ 345.1 $ 387.3 $ 405.9 $ 466.6 $ 1,604.8 $ 1,192.8 Vehicle Payments 474.3 512.0 538.3 559.1 2,083.7 1,960.9 Lodging Payments 110.2 119.8
Slide 23: KPIs by Segment
Q1 2026 Appendix KPIs* by Segment (Recast) ($ in millions, except revenues, net per key performance indicator) Three Months Ended March 31, 2026 2025 Change % Change Corporate Payments: - Revenues, net $503.9 $345.1 $158.8 46% - Spend volume $81,850 $47,846 $34,005 71% - Revenues, net per spend $ 0.
Slide 24: KPIs by Segment
Q1 2026 Appendix KPIs* by Segment (Recast) ($ in millions, except revenues, net per key performance indicator) As Recast Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Corporate Payments: - Revenues, net $345.1 $387.3 $405.9 $466.6 $1,604.8 $259.2 $282.2 $313.9 $337.5 $1,1
Slide 25: KPIs by Segment - 2025 and 2024
Q1 2026 Appendix KPIs* by Segment - 2025 and 2024 (Recast) ($ in millions, except revenues, net per key performance indicator) Pro Forma and Macro Adjusted, as recast3 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Corporate Payments: - Revenues, net $351.0 $385.3 $403.8 $
Slide 26: Reconciliation of Non-GAAP KPIs by Segment - 2026
Q1 2026 Appendix Reconciliation of Non-GAAP KPIs by Segment - 2026 ($ in millions) Macro Pro Adjusted1 Forma2 1Q26 1Q25 Corporate Payments - Spend: Pro forma and macro adjusted $81,850 $57,371 Impact of acquisitions/dispositions — (9,525) Impact of fuel prices/spread — — Impact of foreign exchange r
Slide 27: Reconciliation of Non-GAAP KPIs by Segment - 2025
Q1 2026 Appendix Reconciliation of Non-GAAP KPIs by Segment - 2025 (Recast) ($ in millions) Macro Adjusted1 Pro Forma2 1Q25 2Q25 3Q25 4Q25 1Q24 2Q24 3Q24 4Q24 Corporate Payments - Spend: Pro forma and macro adjusted $47,846 $55,673 $65,592 $78,221 $40,663 $45,885 $46,444 $53,112 Impact of acquisitio
Slide 28: Reconciliation of Non-GAAP Guidance Measures
Q1 2026 Appendix Reconciliation of Non-GAAP Guidance Measures ($ in millions, except per share amounts) 2026 Guidance Low* High* Net income $ 1,352 $ 1,432 Net income per diluted share $ 20.39 $ 21.19 Stock-based compensation 127 127 Amortization 336 336 Gain on disposition, net (121) (121) Other 15