Access earnings results, analyst expectations, report, slides, earnings call, and transcript.

The earnings call summary highlights strong growth prospects, especially in Corporate Payments and Benefits segments, with double-digit growth expectations. The Q&A session supports this with positive outlooks for 2026, despite some macro challenges. However, management's reluctance to provide specific details on certain aspects like agentic travel booking and direct payables growth suggests some uncertainty. Overall, the strategic focus on growth, strong free cash flow projections, and a stable strategic direction post-board changes indicate a positive sentiment, likely leading to a stock price increase in the short term.
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.