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Corpay ^ Earnings Release Supplement Q2 2026 Refer to earnings release dated August 5 , 2026 for further information
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2 © 2026 Corpay. All rights reserved. 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. Forward-looking statements can be identified by the use of words such as “anticipate,” “intend,” “believe,” “estimate,” “plan,” “seek,” “project,” “expect,” “may,” “will,” “would,” “could” or “should,” the negative of these terms or other comparable terminology and similar expressions. These forward-looking statements are not a guarantee of performance, and you should not place undue reliance on such statements. We have based these forward-looking statements on preliminary information, internal estimates and management’s assumptions, expectations and plans about future conditions, events and results. Forward-looking statements are subject to many uncertainties and other variable circumstances, such as risks related to our ability to successfully execute our strategic plan, manage our growth and achieve our performance targets; the impact of macroeconomic conditions, including any recession or economic downturn that has occurred or may occur in the future, and whether expected trends, including oil prices, retail fuel prices, fuel price spreads, fuel transaction patterns, electric vehicle adoption, retail lodging prices, foreign exchange rates and interest rates trends develop as anticipated, and whether we are able to develop and implement successful strategies in light of these trends; our ability to attract new and retain existing partners, fuel merchants, and lodging providers, their promotion and support of our products, and their financial performance; our ability to successfully manage the derivative financial instruments that we use in our Cross-Border solutions to limited our exposure to various market risks, including changes in foreign exchange rates; the failure of management assumptions and estimates, as well as differences in, and changes to, economic, market, interest rate, interchange fees, foreign exchange rates, and credit conditions, including changes in borrowers’ credit risks and payment behaviors; the risks of mergers, acquisitions and divestitures, such as our recent acquisition of a partnership interest in AvidXchange and the acquisition of Alpha, including, without limitation, the time and costs of implementing such transactions, integrating operations as part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions; the risk of higher borrowing costs and adverse financial market conditions impacting our funding and liquidity, and any reduction in our credit ratings; our ability to successfully manage our credit risks and the sufficiency of our allowance for expected credit losses; our ability to securitize our trade receivables; the occurrence of fraudulent activity, data breaches or failures of information security controls, or other technology or cybersecurity-related incidents that may compromise our systems or customers’ information; any disruptions in the operations of our computer systems and data centers; the operational and political risks and compliance and regulatory risks and costs associated with international operations; the impact of international conflicts, including between Russia and Ukraine, as well as within the Middle East, on the global economy or our business and operations; the impact of changes in global tariff and trade policies and potential retaliatory actions by affected countries; our ability to develop and implement new technology, products, and services; any alleged infringement of intellectual property rights of others and our ability to protect our intellectual property; the regulation, supervision, and examination of our business by foreign and domestic governmental authorities, as well as litigation and regulatory actions, including the lawsuit filed by the Federal Trade Commission; the impact of regulations and related requirements relating to privacy, information security and data protection; derivative and hedging activities and the related regulations and regulatory environment; use of third-party vendors and other third-party business relationships; and failure to comply with anti-money laundering and anti-terrorism financing laws; changes in our senior management team and our ability to attract, motivate and retain qualified personnel consistent with our strategic plan; tax legislation initiatives or challenges to our tax positions and/or interpretations, and state sales tax rules and regulations, as well as the other risks and uncertainties identified under the caption "Risk Factors" in the 2025 Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 27, 2026 and subsequent filings with the SEC made by us. These factors could cause our actual results and experience to differ materially from any forward-looking statement made herein. The forward-looking statements included in this presentation are made only as of the date hereof and we do not undertake, and specifically disclaim, any obligation to update any such statements as a result of new information, future events or developments, except as required by law. You may access Corpay’s SEC filings for free by visiting the SEC web site at www.sec.gov. This presentation includes non-GAAP financial measures, which are used by the Company as supplemental measures to evaluate its overall operating performance. The Company’s definitions of the non-GAAP financial measures used herein may differ from similarly titled measures used by others, including within the Company's industry. By providing these non-GAAP financial measures, together with reconciliations to the most directly comparable GAAP financial measures, we believe we are enhancing investors’ understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing strategic initiatives. See the appendix for additional information regarding these non-GAAP financial measures and a reconciliation to the most directly comparable GAAP measure.
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3 © 2026 Corpay. All rights reserved. Agenda 01 Q2 2026 Results 02 2026 Guidance 03 Mid-Term Direction 04 Appendix
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Q2 2026 Results
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5 © 2026 Corpay. All rights reserved. Our Take on the Quarter Q2 revenue and adjusted EPS2 finished well ahead of our guide, growing 21% and 36% YoY Q2 2026 Results Organic revenue growth2 of 10%, our fifth consecutive quarter of double digit growth Revenues ahead of expectations1, up 21%: • Revenues $1.34 billion, up 21% YOY ◦ Macro tailwinds ◦ Core revenue slight over performance • Adjusted EPS2 $7.00, up 36% YOY • Adjusted EBITDA2 $767 million, up 24% YOY Fundamental trends: • Organic revenue growth2 of 10% ◦ Corporate Payments grew 16% ◦ Vehicle Payments grew 8% • Sales growth of 30% • Same store sales up 1% • Revenue retention at 93.0%3 1. All comparisons are versus Q2 2025 2. Non-GAAP financial measures. See appendix for reconciliation of non-GAAP measures to GAAP 3. Starting in Q4 2025, calculation includes the impact of our cross-border business, which is "retention accretive" to our overall retention measure. Retention, other than for cross-border, is calculated based on volume or revenue relevant to business or product (e.g., gallons, spend, etc.) weighted by revenue; excludes European Private Label businesses, where Corpay is a processor instead of an issuer; excludes businesses owned less than a year. Retention in our cross-border business is calculated using dollar-based revenue retention, which divides the revenue we earned in the TTM by the revenue we earned from the corresponding period the previous year, excluding the impact/revenue from new sales during the period
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6 © 2026 Corpay. All rights reserved. Revenue and Cash EPS1 Bridge vs Prior Year Q2 2026 Results $1,102 $118 $67 $78 $(27) $1,339 2Q25 Core Growth Macro Acquisitions Divestiture 2Q26 $5.13 $0.36 $0.39 $— $0.06 $0.58 $0.40 $0.08 $7.00 2Q25 Core Growth Acquisitions/ Investments Divestiture Interest Rate Macro Share Count Tax Rate 2Q26 Revenue ($ in millions) Adjusted Net Income Per Diluted Share1 2 5 1. Non-GAAP financial measures. See appendix for reconciliation of non-GAAP measures to GAAP 2. Macro consists of the positive impact of movements in foreign exchange rates of approximately $37 million, positive impact from fuel prices of approximately $20 million and the positive impact of fuel price spreads of approximately $10 million. Average fuel price was $4.56 for 2Q26 3. Primarily represents proforma impact of the PayByPhone and BP fuel card portfolio dispositions 4. Includes the net impact of shares repurchases from proceeds of divestitures 5. Includes impact of interest rates on both interest expense and interest income 6. Consists of the impact in footnote 2, with partial offset from impact of foreign exchange rates on expenses 7. Excludes impact of share repurchases in connection with divestiture sale proceeds +21% YoY +36% YoY 6 3 4 7
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7 © 2026 Corpay. All rights reserved. Organic Revenue1 Performance Trends 2025 2026 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Corporate Payments 19% 19% 18% 15% 16% 16% Vehicle Payments 8% 9% 9% 10% 10% 8% Lodging Payments (1)% (2)% (5)% (7)% —% 2% Other2 (7)% 13% 16% 21% 7% 5% Total Organic Revenue Growth 9% 11% 11% 11% 11% 10% Corporate Payments Q2 2026 organic growth of 16% 1. Non-GAAP financial measures. Organic revenue for 2025 has been recast to reflect segment changes made in 2026. See appendix for reconciliation of non-GAAP measures to GAAP. Prior periods have been recast to reflect current segment presentation 2. Other includes Gift, Outsourced Card Processing and Payroll Card Q2 2026 Results Five consecutive quarters of double digit organic revenue growth
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8 © 2026 Corpay. All rights reserved. 92.3% 92.4% 93.7% 93.5% 93.0% 2Q25 3Q25 4Q25 1Q26 2Q26 Lorem ipsum X% *Starting in Q4 2025, calculation includes the impact of our cross-border business, which is "retention accretive" to our overall retention measure. Retention, other than for cross-border, is calculated based on volume or revenue relevant to business or product (e.g., gallons, spend, etc.) weighted by revenue; excludes European Private Label businesses, where Corpay is a processor instead of an issuer; excludes businesses owned less than a year. Retention in our cross-border business is calculated using dollar-based revenue retention, which divides the revenue we earned in the TTM by the revenue we earned from the corresponding period the previous year, excluding the impact/revenue from new sales during the period Q2 2026 Results Stable Retention* Overall retention strong over the past 5 quarters * *
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9 © 2026 Corpay. All rights reserved. Improving Leverage and Upsized Credit Facilities Leverage Ratio3 (X) 2.83 2.55 4Q25 2Q26 1. Non-GAAP financial measures. See appendix for reconciliation of non-GAAP measures to GAAP 2. The Company refers to free cash flow, cash net income and adjusted net income interchangeably, a non-GAAP financial measure. See appendix for reconciliation of non-GAAP measures to GAAP 3. Calculated in accordance with the terms of our Credit Facility Q2 2026 Results Robust cash flow and opportunistic buybacks • Reported $767 million of adjusted EBITDA1 • Generated $464 million of free cash flow1,2 • Repurchased 1 million shares for $321 million Leverage ratio in target range • Leverage ratio of 2.55x3 • Undrawn borrowing capacity of $1.6 billion under current revolver Extended and upsized our Credit Facility in May 2026, for an incremental $1.3 billion • Extended maturity of revolver and Term Loan A for five years and reduced interest rate by 10bps, and • Utilized $1 billion to partially pay down existing Term Loan B and further reduce interest expense Entered into agreement to sell our vehicle maintenance business for estimated proceeds of ~$800 million • Expected to close September 1
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Updated 2026 Guidance
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11 © 2026 Corpay. All rights reserved. Updating 2026 guidance to flow through the Q2 beat, favorable macro condition, underlying strength of our business and the sale of our maintenance business 2026 Guidance Guidance Bridge - FY 2026 Revenue EPS May Guidance $5,290 $26.70 Q2'26 Beat - Flow Through 45 0.45 Rest of Year Raise - Macro & Fundamentals 15 0.20 Maintenance Divestiture* (40) — August Guidance $5,310 $27.35 * Impact of divestiture offset by repurchase of shares with sale proceeds, assuming 9/1 close 1. Guidance based on midpoint 2. A reconciliation of GAAP guidance to non-GAAP guidance is provided in Appendix ($ in millions, except per share data) Guidance Bridge
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12 © 2026 Corpay. All rights reserved. FY26 and 3Q26 Updated Guidance 2026 Guidance ($ in millions, except per share data and %) May Guidance Midpoint Guidance Ranges1 Range Midpoint YoY Growth Full Year 2026 GAAP Revenues $5,290 $5,290 - $5,330 $5,310 +17% Adjusted Net Income per Diluted Share2 $26.70 $27.15 - $27.55 $27.35 +28% Q3 2026 GAAP Revenues $1,345 - $1,365 $1,355 +16% Adjusted Net Income per Diluted Share2 $7.05 - $7.25 $7.15 +26% 1. Growth rates at the midpoint 2. A reconciliation of GAAP guidance to non-GAAP guidance is provided in Appendix ASSUMPTIONS • Weighted average U.S. fuel prices equal to $4.02 per gallon for the rest of the year, based on the June 2026 EIA short-term energy outlook; • Fuel price spreads for the rest of the year approximately flat with the 2025 average; • Foreign exchange rates for the rest of the year, based on Bloomberg consensus forecast as of July 27, 2026; • Interest expense between $435 million and $465 million for the full year, based on the SOFR forward curve as of July 30, 2026; • Free cashflow is used to pay down debt; • Proceeds from the sale of the maintenance business is used to repurchase shares; • Approximately 66 million fully diluted shares outstanding; • An adjusted effective tax rate of approximately 25% to 27%; and • No impact related to material acquisitions or divestitures not disclosed. Raising full year 2026 guidance to revenue of $5.31 billion and adjusted net income per diluted share of $27.35, each at the midpoint
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Mid-Term Direction
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14 © 2026 Corpay. All rights reserved. Our Objective: Top-Quartile S&P Growth Compounder Mid-Term Direction Corpay’s growth algorithm can compound cash EPS >20% per year to ~$50 per share by 2029 Metric Organic Revenue Cash Profit Before Tax Cash EPS Adjusted Net Income / Share Performance Drivers 2026E1 2029E $5.3B CAGR $2.4B $27.35 $7.1B $3.5B $50 +10% +13% +24% Growth Objective +10% +13% >20% Why Cash EPS Can Grow 20%+ Per Year to $50 • $2.4B Cash Profit Before Tax = ~7% Yield2 • Increase absolute debt ($3-4B), at constant leverage ratio, as free cash grows 1. 2026E based on guidance mid-point. Organic Revenue, Cash Profit Before Tax and Cash EPS are non-GAAP financial metrics. See appendix for reconciliation to GAAP. 2029E represents compounding at objective growth trajectory. Cash EPS is Adjusted Net Income Per Share 2. Based on market cap as of August 2026
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15 © 2026 Corpay. All rights reserved. Spend Management Platform - Embed Fleet Fleet Intensive Businesses Traditional Businesses Customer Size (Rev) % of Spend by Category % of Spend by Category Fleet T&E P-Card Virtual Card Total Fleet T&E P-Card Virtual Card Total <$10M 89% 2% 7% 1% 100% 3% 10% 54% 33% 100% $10-500M 48% 9% 29% 14% 100% 5% 10% 49% 37% 100% $500M+ 52% 3% 15% 1% 100% 1% 6% 22% 70% 100% Total 78% 4% 14% 4% 100% 3% 10% 47% 41% 100% Mid-Term Direction Corpay's spend management platform captures spend across multiple employee expense categories...and is positioned to serve both fleet intensive customers and traditional mid- market businesses Spend by category from our two major U.S. Mastercard corporate card portfolios (Fleet + Commercial Card). Represents ~$20B LTM Spend as of May 2026. Customer sizing based on D&B Data. Customer counts based on parent level. Spend Category based on MCC code for Fleet, Purchasing and T&E. *Rows may not calculate due to rounding.
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16 © 2026 Corpay. All rights reserved. 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. Adjusted net income attributable to Corpay is calculated as net income attributable to Corpay, adjusted to eliminate (a) non-cash stock-based compensation expense related to stock-based compensation awards, (b) amortization of deferred financing costs, discounts, intangible assets, amortization of the premium recognized on the purchase of receivables and amortization attributable to the Company's noncontrolling interest, (c) integration and deal related costs, and (d) other non-recurring items, including unusual credit losses, certain discrete tax items, the impact of business dispositions, impairment losses, asset write- offs, restructuring costs, loss on extinguishment of debt, taxes associated with stock-based compensation programs, losses and gains on foreign currency transactions, redemption value adjustment for a non-controlling interest and legal settlements and related legal fees. We adjust net income for the tax effect of adjustments using our effective income tax rate, exclusive of certain discrete tax items. We calculate adjusted net income attributable to Corpay and adjusted net income per diluted share attributable to Corpay to eliminate the effect of items that we do not consider indicative of our core operating performance. Adjusted net income attributable to Corpay and adjusted net income per diluted share attributable to Corpay are supplemental measures of operating performance that do not represent and should not be considered as an alternative to net income, net income per diluted share or cash flow from operations, as determined by U.S. generally accepted accounting principles, or U.S. GAAP. We believe it is useful to exclude non-cash stock-based compensation expense from adjusted net income because non-cash equity grants made at a certain price and point in time do not necessarily reflect how our business is performing at any particular time and stock-based compensation expense is not a key measure of our core operating performance. We also believe that amortization expense can vary substantially from company to company and from period to period depending upon their financing and accounting methods, the fair value and average expected life of their acquired intangible assets, their capital structures and the method by which their assets were acquired; therefore, we have excluded amortization expense from our adjusted net income. Integration and deal related costs represent business acquisition transaction costs, professional services fees, short-term retention bonuses and system migration costs, etc., that are not indicative of the performance of the underlying business. We also believe that certain expenses, discrete tax items, gains on business disposition, recoveries (e.g. legal settlements, write-off of customer receivable, etc.), gains and losses on investments, taxes related to stock-based compensation programs and impairment losses do not necessarily reflect how our investments and business are performing. We adjust net income for the tax effect of each of these adjustments using the effective tax rate during the period, exclusive of discrete tax items. Organic revenue growth is calculated as revenue growth in the current period adjusted for the impact of changes in the macroeconomic environment (to include fuel price, fuel price spreads and changes in foreign exchange rates) over revenue in the comparable prior period adjusted to include or remove the impact of acquisitions, divestitures and/or business, inclusive of changes in operational and capital structure, and non-recurring items that have occurred subsequent to that period. We believe that organic revenue growth on a macro-neutral, one-time item, and consistent acquisition/divestiture/non-recurring item basis is useful to investors for understanding the performance of Corpay. EBITDA is defined as earnings before interest, income taxes, interest expense, net, other expense (income), depreciation and amortization, loss on extinguishment of debt, goodwill impairment, investment loss/gain and other operating, net. Adjusted EBITDA is defined as EBITDA further adjusted for stock-based compensation expense and other one- time items including certain legal expenses, restructuring costs and integration and deal related costs and other items as listed above for adjusted net income. EBITDA and adjusted EBITDA margin are defined as EBITDA and adjusted EBITDA as a percentage of revenue. Management uses adjusted net income attributable to Corpay, adjusted net income per diluted share attributable to Corpay, organic revenue growth, EBITDA and adjusted EBITDA: • as a measurement of operating performance because it assists us in comparing performance on a consistent basis; • for planning purposes including the preparation of internal annual operating budget; • to allocate resources to enhance the financial performance of our business; and • to evaluate the performance and effectiveness of operational strategies We believe adjusted net income attributable to Corpay, adjusted net income per diluted share attributable to Corpay, organic revenue growth, EBITDA and adjusted EBITDA are key measures used by the Company and investors as supplemental measures to evaluate the overall operating performance of companies in our industry. By providing these non- GAAP financial measures, together with reconciliations, we believe we are enhancing investors' understanding of our business and our results of operations, as well as assisting investors in evaluating how well we are executing strategic initiatives. Reconciliations of GAAP results to non-GAAP results are provided in the attached Appendix. Q2 2026 Appendix
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17 © 2026 Corpay. All rights reserved. Reconciliation of Net Income to Adjusted Net Income ($ in millions, except per share amounts) Three Months Ended June 30, 2026 2025 Net income attributable to Corpay $ 248 $ 284 Stock-based compensation 32 29 Amortization1 85 64 Legal settlements and litigation 101 — Loss on extinguishment of debt 7 — Integration and deal related costs 38 14 Restructuring and related costs 3 3 Gain on disposition, net (1) — Adjustments at equity method investment, net of tax 14 — Other2 3 (7) Total pre-tax adjustments $ 281 $ 104 Income tax impact of pre-tax adjustments at the effective tax rate3 (65) (28) Discrete taxes — 6 Adjusted net income attributable to Corpay $ 464 $ 366 Adjusted net income per diluted share attributable to Corpay4 $ 7.00 $ 5.13 Diluted shares 66 71 1. Includes consolidated amortization related to intangible assets, premium on receivables, deferred financing costs and debt discounts 2. Includes losses and gains on foreign currency transactions, amortization expense attributable to the Company's noncontrolling interests, taxes associated with stock-based compensation programs and a loss on an economic hedge of a foreign-denominated purchase price of an acquisition and other non recurring items 3. Represents provision for income taxes of pre-tax adjustments. Adjustments related to our equity method investment are tax effected at the effective tax rate of the investment as stated 4. Excludes the impact on earnings per share of the adjustment of a non-controlling interest to its maximum redemption value of $2.8 million Q2 2026 Appendix
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18 © 2026 Corpay. All rights reserved. Reconciliation of Net Income to EBITDA ($ in millions, except per share amounts) Three Months Ended June 30, 2026 2025 Net income from operations $ 252 $ 284 Provision for income taxes 93 109 Interest expense, net 115 97 Other expense, net 6 (11) Depreciation and amortization 118 91 Gain on disposition (1) — Loss on extinguishment of debt 7 — Other operating, net 100 — EBITDA1 $ 689 $ 571 Stock-based compensation 32 29 Other addbacks2 46 21 Adjusted EBITDA2 $ 767 $ 621 Revenue $ 1,339 $ 1,102 EBITDA margin 51.5 % 51.8 % Adjusted EBITDA margin 57.3 % 56.3 % Q2 2026 Appendix *Columns may not calculate due to rounding. 1. EBITDA is defined as earnings before interest, income taxes, interest expense, net, other expense, depreciation and amortization, other operating, net, loss on extinguishment of debt and gain on disposition of business and assets, net 2. Adjusted EBITDA is adjusted for stock-based compensation and other one-time items including certain legal expenses, restructuring costs and integration and deal related costs
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19 © 2026 Corpay. All rights reserved. Calculation of Organic Revenue Growth* ($ in millions, except %) Q2 2026 Appendix 1Q25 Organic Growth 2Q25 Organic Growth 3Q25 Organic Growth 4Q25 Organic Growth 2025 Macro Adj3 2024 Pro Forma2 % 2025 Macro Adj3 2024 Pro Forma2 % 2025 Macro Adj3 2024 Pro Forma2 % 2025 Macro Adj3 2024 Pro Forma2 % Corporate Payments $ 351 $ 295 19% $ 385 $ 324 19% $ 404 $ 342 18% $ 459 $ 400 15% Vehicle Payments 519 482 8% 534 492 9% 538 492 9% 532 485 10% Lodging Payments 111 111 (1)% 120 122 (2)% 127 134 (5)% 112 121 (7)% Other1 77 82 (7)% 82 73 13% 101 87 16% 109 90 21% Consolidated Revenues, net $ 1,057 $ 971 9% $ 1,121 $ 1,012 11% $ 1,170 $ 1,054 11% $ 1,211 $ 1,096 11% *Columns may not calculate due to rounding. 1. Other includes Gift, Outsourced Card Processing and Payroll Card 2. Pro forma to include acquisitions and exclude dispositions, inclusive of changes in operational and capital structure, consistent with the comparable period's ownership. Organic revenue for 2025 has been recast to reflect segment changes made in 2026. See reconciliation on subsequent slides 3. Adjusted to remove the impact of changes in the macroeconomic environment to be consistent with the same period of prior year, using constant fuel prices, fuel price spreads and foreign exchange rates. See reconciliation on subsequent slides 1Q26 Organic Growth 2Q26 Organic Growth 2026 Macro Adj3 2025 Pro Forma2 % 2026 Macro Adj3 2025 Pro Forma2 % Corporate Payments $ 482 $ 417 16% $ 538 $ 465 16% Vehicle Payments 524 478 10% 523 484 8% Lodging Payments 110 110 —% 122 120 2% Other1 81 76 7% 87 83 5% Consolidated Revenues, net $ 1,196 $ 1,081 11% $ 1,271 $ 1,153 10%
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20 © 2026 Corpay. All rights reserved. Reconciliation of Organic Revenue to GAAP Revenue by Segment - 2026 ($ in millions) Q2 2026 Appendix *Columns may not calculate due to rounding. 1. Adjusted to remove the impact of changes in the macroeconomic environment to be consistent with the same period of prior year, using constant fuel prices, fuel price spreads and foreign exchange rates. See reconciliation on subsequent slides 2. Pro forma to include acquisitions and exclude dispositions, inclusive of changes in operational and capital structure, consistent with the comparable period's ownership. See reconciliation on subsequent slides Macro Adjusted1 Pro Forma2 1Q26 2Q26 1Q25 2Q25 Corporate Payments: Pro forma and macro adjusted $ 482 $ 538 $ 417 $ 465 Impact of acquisitions/dispositions — — (72) (78) Impact of fuel prices/spread 1 4 — — Impact of foreign exchange rates 22 7 — — As reported $ 504 $ 549 $ 345 $ 387 Vehicle Payments: Pro forma and macro adjusted $ 524 $ 523 $ 478 $ 484 Impact of acquisitions/dispositions 1 1 (3) 28 Impact of fuel prices/spread 1 27 — — Impact of foreign exchange rates 38 29 — — As reported $ 564 $ 580 $ 474 $ 512 Lodging Payments: Pro forma and macro adjusted $ 110 $ 122 $ 110 $ 120 Impact of acquisitions/dispositions — — — — Impact of fuel prices/spread — — — — Impact of foreign exchange rates 1 1 — — As reported $ 111 $ 123 $ 110 $ 120
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21 © 2026 Corpay. All rights reserved. Reconciliation of Organic Revenue to GAAP Revenue by Segment - 2026 ($ in millions) Q2 2026 Appendix *Columns may not calculate due to rounding. 1. Adjusted to remove the impact of changes in the macroeconomic environment to be consistent with the same period of prior year, using constant fuel prices, fuel price spreads and foreign exchange rates. See reconciliation on subsequent slides 2. Pro forma to include acquisitions and exclude dispositions, inclusive of changes in operational and capital structure, consistent with the comparable period's ownership. See reconciliation on subsequent slides 3. Other includes Gift, Outsourced Card Processing and Payroll Card Macro Adjusted1 Pro Forma2 1Q26 2Q26 1Q25 2Q25 Other3: Pro forma and macro adjusted $ 81 $ 87 $ 76 $ 83 Impact of acquisitions/dispositions — — — — Impact of fuel prices/spread — — — — Impact of foreign exchange rates 1 — — — As reported $ 82 $ 87 $ 76 $ 83 Corpay Consolidated Revenues: Pro forma and macro adjusted $ 1,196 $ 1,271 $ 1,081 $ 1,153 Impact of acquisitions/dispositions 1 1 (75) (50) Impact of fuel prices/spread 2 30 — — Impact of foreign exchange rates 62 37 — — As reported $ 1,261 $ 1,339 $ 1,006 $ 1,102
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22 © 2026 Corpay. All rights reserved. Reconciliation of Organic Revenue to GAAP Revenue by Segment - 2025 (Recast) ($ in millions) Q2 2026 Appendix 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/dispositions — — — — (36) (42) (28) (62) Impact of fuel prices/spread (1) (1) — — — — — — Impact of foreign exchange rates (5) 3 2 8 — — — — As reported $ 345 $ 387 $ 406 $ 467 $ 259 $ 282 $ 314 $ 338 Vehicle Payments: Pro forma and macro adjusted $ 519 $ 534 $ 538 $ 532 $ 482 $ 492 $ 492 $ 485 Impact of acquisitions/dispositions — — — 1 1 6 3 1 Impact of fuel prices/spread (8) (12) (10) 2 — — — — Impact of foreign exchange rates (36) (10) 9 25 — — — — As reported $ 474 $ 512 $ 538 $ 559 $ 482 $ 498 $ 495 $ 486 Lodging Payments: Pro forma and macro adjusted $ 111 $ 120 $ 127 $ 112 $ 111 $ 122 $ 134 $ 121 Impact of acquisitions/dispositions — — — — — — — — Impact of fuel prices/spread — — — — — — — — Impact of foreign exchange rates — — — 1 — — — — As reported $ 110 $ 120 $ 127 $ 113 $ 111 $ 122 $ 134 $ 121 * Columns may not calculate due to impact of rounding 1. Adjusted to remove the impact of changes in the macroeconomic environment to be consistent with the same period of prior year, using constant fuel prices, fuel price spreads and foreign exchange rates, as well as one-time items 2. Pro forma to include acquisitions and exclude dispositions, inclusive of changes in operational and capital structure, consistent with the comparable period's ownership
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23 © 2026 Corpay. All rights reserved. Reconciliation of Organic Revenue to GAAP Revenue by Segment - 2025 (Recast) ($ in millions) Q2 2026 Appendix 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 — — — — — — — — Impact of fuel prices/spread — — — — — — — — Impact of foreign exchange rates — — 1 1 — — — — As reported $ 76 $ 83 $ 101 $ 110 $ 82 $ 73 $ 87 $ 90 Corpay Consolidated Revenue: Pro forma and macro adjusted $ 1,057 $ 1,121 $ 1,170 $ 1,211 $ 971 $ 1,012 $ 1,054 $ 1,096 Impact of acquisitions/dispositions — — — 1 (36) (36) (25) (62) Impact of fuel prices/spread (9) (13) (10) 2 — — — — Impact of foreign exchange rates (42) (7) 13 34 — — — — As reported $ 1,006 $ 1,102 $ 1,172 $ 1,248 $ 935 $ 976 $ 1,029 $ 1,034 * Columns may not calculate due to impact of rounding 1. Adjusted to remove the impact of changes in the macroeconomic environment to be consistent with the same period of prior year, using constant fuel prices, fuel price spreads and foreign exchange rates, as well as one-time items 2. Pro forma to include acquisitions and exclude dispositions, inclusive of changes in operational and capital structure, consistent with the comparable period's ownership 3. Other includes Gift, Outsourced Card Processing and Payroll Card
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24 © 2026 Corpay. All rights reserved. Calculation of Organic Growth* - 2021 through 2026E ($ in millions, except per share amounts) Organic Revenue Growth 2021 2022 2023 2024 2025 2026E Macro Adjusted1 Pro Forma2 Macro Adjusted1 Pro Forma2 Macro Adjusted1 Pro Forma2 Macro Adjusted1 Pro Forma2 Macro Adjusted1 Pro Forma2 Macro Adjusted1 Pro Forma2 2021 2020 2022 2021 2023 2022 2024 2023 2025 2024 2026 2025 CORPAY CONSOLIDATED REVENUES Pro forma and macro adjusted $2,808 $2,502 $3,332 $2,956 $3,796 $3,460 $4,040 $3,757 $4,559 $4,133 $5,134 $4,668 Impact of acquisitions/ dispositions/customer loss — (114) — (122) — (33) — 2 1 (158) 2 (140) Impact of fuel prices/spread 8 — 143 — (54) — (24) — (29) — 55 — Impact of foreign exchange rates 18 — (47) — 16 — (41) — (2) — 121 — As reported $2,834 $2,389 $3,427 $2,834 $3,758 $3,427 $3,975 $3,758 $4,528 $3,975 $5,312 $4,528 * Columns may not calculate due to impact of rounding 1. Adjusted to remove the impact of changes in the macroeconomic environment to be consistent with the same period of prior year, using constant fuel prices, fuel price spreads and foreign exchange rates, as well as one-time items 2. Pro forma to include acquisitions and exclude dispositions and one-time items, consistent with previous period ownership Q2 2026 Appendix
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25 © 2026 Corpay. All rights reserved. Segments Recast by Quarter - 2025 and 2024 (Recast) *Columns may not calculate due to rounding. 1. Other includes Gift, Outsourced Card Processing and Payroll Card ($ 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 110.2 119.8 127.0 112.5 469.5 488.6 Other1 76.0 82.9 101.3 110.1 370.4 332.3 $ 1,005.7 $ 1,102.0 $ 1,172.5 $ 1,248.2 $ 4,528.4 $ 3,974.6 Operating Income: Corporate Payments $ 129.8 $ 156.9 $ 173.4 $ 156.6 $ 616.7 $ 476.2 Vehicle Payments 222.8 241.6 256.5 315.5 1,036.3 1,041.6 Lodging Payments 43.0 49.3 56.9 45.5 194.7 224.2 Other1 31.5 31.5 36.4 47.0 146.3 45.1 $ 427.1 $ 479.4 $ 523.1 $ 564.5 $ 1,994.1 $ 1,787.2 Depreciation and Amortization: Corporate Payments $ 29.7 $ 30.4 $ 30.2 $ 49.9 $ 140.2 $ 90.4 Vehicle Payments 46.9 45.7 47.8 52.4 192.8 200.0 Lodging Payments 12.8 13.0 12.6 11.2 49.6 48.5 Other1 2.8 2.4 2.6 3.1 10.9 12.2 $ 92.2 $ 91.4 $ 93.2 $ 116.6 $ 393.3 $ 351.1 Q2 2026 Segment Changes
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26 © 2026 Corpay. All rights reserved. KPIs* by Segment (Recast) ($ in millions, except revenues, net per key performance indicator) Q2 2026 Appendix Three Months Ended June 30, 2026 2025 Change % Change Corporate Payments: - Revenues, net $548.7 $387.3 $161.4 42% - Spend volume $94,635 $55,673 $38,962 70% - Revenues, net per spend $ 0.58% 0.70% (0.12)% (17)% Vehicle Payments: - Revenues, net $580.2 $512.0 $68.2 13% - Transactions 147.6 207.3 (59.7) (29)% - Revenues, net per transaction $3.93 $2.47 $1.46 59% - Tag transactions 23.9 22.8 1.1 5% - Parking transactions — 67.8 (67.8) (100)% - Fleet transactions 100.8 101.6 (0.8) (1)% - Other transactions 22.9 15.1 7.8 52% Lodging Payments: - Revenues, net $123.2 $119.8 $3.4 3% - Room nights 7.5 8.7 (1.1) (13)% - Revenues, net per room night $16.34 $13.84 $2.50 18% Other2: - Revenues, net $86.7 $82.9 $3.8 5% - Transactions 450.4 420.1 30.3 7% - Revenues, net per transaction $0.19 $0.20 $— (2)% Corpay Consolidated Revenues: - Revenues, net $1,338.8 $1,102.0 $236.8 21% * Columns may not calculate due to impact of rounding 1. Represents total tag subscription transactions in the quarter. Average monthly tags for the second quarter of 2026 is 8.0 million 2. Other includes Gift, Outsourced Card Processing and Payroll Card 1
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27 © 2026 Corpay. All rights reserved. KPIs* by Segment (Recast) ($ in millions, except revenues, net per key performance indicator) Q2 2026 Appendix 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 $1,192.8 - Spend volume $47,846 $55,673 $65,592 $78,221 $247,332 $34,725 $40,062 $40,725 $45,198 $160,710 - Revenues, net per spend $ 0.72% 0.70% 0.62% 0.60% 0.65% 0.75% 0.70% 0.77% 0.75% 0.74% Vehicle Payments: - Revenues, net $474.3 $512.0 $538.3 $559.1 $2,083.7 $482.5 $498.1 $494.7 $485.7 $1,960.9 - Transactions 200.7 207.3 207.3 205.6 820.9 188.6 195.7 195.0 195.3 774.5 - Revenues, net per transaction $2.36 $2.47 $2.60 $2.72 $2.54 $2.56 $2.55 $2.54 $2.49 $2.53 - Tag transactions 22.9 22.8 22.9 23.4 92.0 21.3 21.4 21.6 22.1 86.5 - Parking transactions 65.1 67.8 65.3 65.6 263.8 60.9 63.0 61.7 63.3 249.0 - Fleet transactions 99.6 103.4 104.4 101.2 408.6 96.8 101.2 101.7 98.9 398.6 - Other transactions 13.1 13.3 14.8 15.4 56.5 9.6 10.0 10.0 11.0 40.6 Lodging Payments: - Revenues, net $110.2 $119.8 $127.0 $112.5 $469.5 $111.3 $122.4 $134.0 $120.9 $488.6 - Room nights 9.8 8.7 8.9 7.9 35.3 8.2 8.8 10.1 10.6 37.7 - Revenues, net per room night $11.26 $13.84 $14.20 $14.18 $13.29 $13.51 $13.97 $13.26 $11.37 $12.95 Other2: - Revenues, net $76.0 $82.9 $101.3 $110.1 $370.4 $82.4 $73.0 $86.6 $90.3 $332.3 - Transactions 429.0 420.1 384.2 515.5 1,748.8 381.4 364.1 361.1 495.9 1,602.5 - Revenues, net per transaction $0.18 $0.20 $0.26 $0.21 $0.21 $0.22 $0.20 $0.24 $0.18 $0.21 Corpay Consolidated Revenues: - Revenues, net $1,005.7 $1,102.0 $1,172.5 $1,248.2 $4,528.4 $935.3 $975.7 $1,029.2 $1,034.4 $3,974.6 * Columns may not calculate due to impact of rounding 1. Represents total tag subscription transactions in the quarter 2. Other includes Gift, Outsourced Card Processing and Payroll Card 1
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28 © 2026 Corpay. All rights reserved. KPIs* by Segment - 2025 and 2024 (Recast) ($ in millions, except revenues, net per key performance indicator) Q2 2026 Appendix 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 $458.6 $1,598.7 $258.7 $283.5 $313.3 $338.6 $1,194.1 - Spend volume $47,846 $55,673 $65,592 $78,221 $247,332 $34,725 $40,062 $40,725 $45,198 $160,710 - Revenues, net per spend $ 0.73% 0.69% 0.62% 0.59% 0.65% 0.74% 0.71% 0.77% 0.75% 0.74% Vehicle Payments: - Revenues, net $518.6 $534.1 $538.5 $531.7 $2,122.8 $479.9 $506.0 $509.0 $529.5 $2,024.4 - Transactions 200.7 207.3 207.3 204.8 820.1 188.6 195.7 195.0 195.3 774.5 - Revenues, net per transaction $2.58 $2.58 $2.60 $2.60 $2.59 $2.54 $2.59 $2.61 $2.71 $2.61 - Tag transactions 22.9 22.8 22.9 23.4 92.0 21.3 21.4 21.6 22.1 86.5 - Parking transactions 65.1 67.8 65.3 65.6 263.8 60.9 63.0 61.7 63.3 249.0 - Fleet transactions 99.6 103.4 104.4 100.4 407.8 96.8 101.2 101.7 98.9 398.6 - Other transactions 13.1 13.3 14.8 15.4 56.5 9.6 10.0 10.0 11.0 40.6 Lodging Payments: - Revenues, net $110.6 $119.5 $126.7 $111.9 $468.7 $111.2 $122.5 $133.9 $120.9 $488.4 - Room nights 9.8 8.7 8.9 7.9 35.3 8.2 8.8 10.1 10.6 37.7 - Revenues, net per room night $11.30 $13.80 $14.16 $14.11 $13.27 $13.50 $13.98 $13.24 $11.37 $12.94 Other2: - Revenues, net $76.5 $82.5 $100.7 $109.3 $369.0 $82.1 $73.1 $86.6 $90.5 $332.3 - Transactions 429.0 420.1 384.2 515.5 1,748.8 381.4 364.1 361.1 495.9 1,602.5 - Revenues, net per transaction $0.18 $0.20 $0.26 $0.21 $0.21 $0.22 $0.20 $0.24 $0.18 $0.21 Corpay Consolidated Revenues: - Revenues, net $1,056.8 $1,121.4 $1,169.7 $1,211.4 $4,559.2 $931.8 $985.1 $1,042.8 $1,079.5 $4,039.2 * Columns and rows may not calculate due to impact of rounding 1. Represents total tag subscription transactions in the quarter 2. Other includes Gift, Outsourced Card Processing and Payroll Card 3. Refer to appendix for a reconciliation of Pro forma and Macro Adjusted revenue by segment and metrics, non-GAAP measures, to the GAAP equivalent 1
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29 © 2026 Corpay. All rights reserved. Reconciliation of Non-GAAP KPIs by Segment - 2026 ($ in millions) Q2 2026 Appendix *Columns may not calculate due to rounding. 1. Adjusted to remove the impact of changes in the macroeconomic environment to be consistent with the same period of prior year, using constant fuel prices, fuel price spreads and foreign exchange rates. See reconciliation on subsequent slides 2. Pro forma to include acquisitions and exclude dispositions, inclusive of changes in operational and capital structure, consistent with the comparable period's ownership. See reconciliation on subsequent slides 3. Other includes Gift, Outsourced Card Processing and Payroll Card Macro Adjusted1 Pro Forma2 1Q26 2Q26 1Q25 2Q25 Corporate Payments - Spend: Pro forma and macro adjusted $81,850 $94,635 $57,371 $66,238 Impact of acquisitions/dispositions — — (9,525) (10,566) Impact of fuel prices/spread — — — — Impact of foreign exchange rates — — — — As reported $81,850 $94,635 $47,846 $55,673 Vehicle Payments - Transactions: Pro forma and macro adjusted 208 147 200 136 Impact of acquisitions/dispositions 1 — 1 71 Impact of fuel prices/spread — — — — Impact of foreign exchange rates — — — — As reported 209 148 201 207 Lodging Payments - Room Nights: Pro forma and macro adjusted $7 $8 $10 $9 Impact of acquisitions/dispositions — — — — Impact of fuel prices/spread — — — — Impact of foreign exchange rates — — — — As reported $7 $8 $10 $9 Other3 - Transactions: Pro forma and macro adjusted 465 450 429 420 Impact of acquisitions/dispositions — — — — Impact of fuel prices/spread — — — — Impact of foreign exchange rates — — — — As reported 465 450 429 420
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30 © 2026 Corpay. All rights reserved. Reconciliation of Non-GAAP KPIs by Segment - 2025 (Recast) ($ in millions) Q2 2026 Appendix 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 acquisitions/dispositions — — — — (5,938) (5,823) (5,719) (7,913) Impact of fuel prices/spread — — — — — — — — Impact of foreign exchange rates — — — — — — — — As reported $47,846 $55,673 $65,592 $78,221 $34,725 $40,062 $40,725 $45,198 Vehicle Payments - Transactions: Pro forma and macro adjusted 201 207 207 205 190 196 196 195 Impact of acquisitions/dispositions — — — 1 (1) (1) (1) 1 Impact of fuel prices/spread — — — — — — — — Impact of foreign exchange rates — — — — — — — — As reported 201 207 207 206 189 196 195 195 Lodging Payments - Room Nights: Pro forma and macro adjusted $10 $9 $9 $8 $8 $9 $10 $11 Impact of acquisitions/dispositions — — — — — — — — Impact of fuel prices/spread — — — — — — — — Impact of foreign exchange rates — — — — — — — — As reported $10 $9 $9 $8 $8 $9 $10 $11 Other3 - Transactions: Pro forma and macro adjusted 429 420 384 516 381 364 361 496 Impact of acquisitions/dispositions — — — — — — — — Impact of fuel prices/spread — — — — — — — — Impact of foreign exchange rates — — — — — — — — As reported 429 420 384 516 381 364 361 496 *Columns may not calculate due to rounding. 1. Adjusted to remove the impact of changes in the macroeconomic environment to be consistent with the same period of prior year, using constant fuel prices, fuel price spreads and foreign exchange rates. See reconciliation on subsequent slides 2. Pro forma to include acquisitions and exclude dispositions, inclusive of changes in operational and capital structure, consistent with the comparable period's ownership. See reconciliation on subsequent slides 3. Other includes Gift, Outsourced Card Processing and Payroll Card
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31 © 2026 Corpay. All rights reserved. Reconciliation of Non-GAAP Guidance Measures ($ in millions, except per share amounts) 2026 Guidance Low* High* Net income attributable to Corpay $ 1,285 $ 1,325 Net income per diluted share $ 19.50 $ 19.90 Stock-based compensation 150 150 Amortization 330 330 Gain on disposition, net (122) (122) Other 286 286 Total pre-tax adjustments $ 644 $ 644 Income taxes (139) (139) Adjusted net income $ 1,790 $ 1,830 Adjusted net income per diluted share $ 27.15 $ 27.55 Diluted shares 66 66 Q3 2026 Guidance Low* High* Net income attributable to Corpay 343 363 Net income per diluted share $ 5.26 $ 5.46 Stock-based compensation 42 42 Amortization 81 81 Other 33 33 Total pre-tax adjustments $ 156 $ 156 Income taxes (39) (39) Adjusted net income $ 460 $ 480 Adjusted net income per diluted share $ 7.05 $ 7.25 Diluted shares 66 66 Q2 2026 Appendix * Columns may not calculate due to rounding