Corpay (CPAY) has completed the sale of PayByPhone, its mobile parking payments business, to Lightyear Capital. The transaction is expected to reduce Corpay’s rest-of-year 2026 revenues by approximately $75M relative to the company’s February guidance. The divestiture is expected to be neutral to Corpay’s 2026 Cash EPS outlook, as Corpay intends to use the cash proceeds for share repurchases. The company continues to expect organic revenue growth of 10% in 2026, inclusive of the impact of this transaction.
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