Accumulated Other Comprehensive Loss (AOCL)

3 Months Ended

Mar. 31, 2026

Accumulated Other Comprehensive Loss (AOCL)

The changes in the components of AOCL, net of tax and noncontrolling interest, for the three months ended March 31, 2026 and 2025 are as follows (in thousands):


	March 31, 2026
	Cumulative Foreign Currency Translation		Unrealized (Losses) Gains on Derivative Instruments		Total Accumulated Other Comprehensive Loss Attributable to Corpay
Balance at December 31, 2025	$	(1,295,581)	$	(96,573)	$	(1,392,154)
Other comprehensive (loss) income before reclassifications	(13,056)		51,395		38,339
Amounts reclassified from AOCL	6,249		2,555		8,804
Tax effect	—		(13,875)		(13,875)
Other comprehensive (loss) income, net of tax	(6,807)		40,075		33,268
Balance at March 31, 2026	$	(1,302,388)	$	(56,498)	$	(1,358,886)


	March 31, 2025
	Cumulative Foreign Currency Translation		Unrealized Gains (Losses) on Derivative Instruments		Total Accumulated Other Comprehensive Loss Attributable to Corpay
Balance at December 31, 2024	$	(1,749,040)	$	35,044	$	(1,713,996)
Other comprehensive income (loss) before reclassifications	149,113		(55,453)		93,660
Amounts reclassified from AOCL	—		(3,908)		(3,908)
Tax effect	—		18,242		18,242
Other comprehensive income (loss), net of tax	149,113		(41,119)		107,994
Balance at March 31, 2025	$	(1,599,927)	$	(6,075)	$	(1,606,002)

Amounts reclassified from AOCL that relate to foreign currency translation during the three months ended March 31, 2026 are related to the Company's PayByPhone business disposed of during the first quarter of 2026. See Note 15 for further information. Income tax effects are released from accumulated other comprehensive loss to retained earnings, when applicable, on an individual item basis as those items are reclassified into income. Other comprehensive loss attributable to the Company's noncontrolling interest, which are not included in the tables above, for the three months ended March 31, 2026 and 2025 consisted of foreign currency translation gains of $2.6 million and $5.1 million, respectively.

CORPAY, INC. 10-Q