Corpay, Inc. logo

Corpay, Inc.

CPAY

NYSETechnologySoftware - Infrastructure

Regular session

$418.33

+$1.20 · +0.29%

Aug 24, 11:19 AM ET

CPAY company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

96

Deep Value

Momentum

49

Neutral

Sentiment

62

Bullish

Risk resilience

75

Moderate Risk

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Company profile

Company website

Corpay, Inc. operates as a global financial technology firm, delivering payment solutions that assist both businesses and individual consumers in efficiently managing a diverse range of expenditures. Its expertise primarily covers vehicle-related costs, corporate financial transactions, and lodging expenses, with operations spanning the United States, Brazil, the United Kingdom, and numerous other international markets. Among its specialized services are comprehensive vehicle payment offerings, which include provisions for fuel, road tolls, parking fees, fleet maintenance, and long-distance transportation. The company also supplies prepaid vouchers and cards for food and transit requirements. For its corporate clientele, Corpay furnishes sophisticated payment instruments such as automated accounts payable systems, virtual payment cards, solutions for international transactions, and dedicated purchasing alongside travel and entertainment card products. Its lodging payment services cater to a broad spectrum of needs, supporting employees on overnight business trips, airline and cruise personnel or stranded passengers, and insurance policyholders displaced from their residences due due to damage or catastrophe. Furthermore, Corpay issues gift cards and payroll cards. Its diverse customer base extends to businesses, merchants, individual consumers, and payment network partners. Established in 1986 and based in Atlanta, Georgia, the company was previously known as FLEETCOR Technologies, Inc., before officially adopting the name Corpay, Inc. in March 2024.

Industry
Software - Infrastructure
Sector
Technology
Headquarters
US
CEO
Ronald F. Clarke
Listed since
Dec 15, 2010
Employees
11,800

Market position

Day range

Current $418.33

52-week range

Current $418.33

Open
$416.56
Previous close
$417.13
Volume
80.42K
0.14× average
Average volume
593.33K
Average daily volume
Market cap
27.34B USD
Beta
0.87
Market reference 1
50-day average
$371.82
+12.51% above average
200-day average
$330.27
+26.66% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
22.23B USD
EV / EBITDA
9.51×
Earnings yield
5.07%
Free cash flow yield
6.16%

Profitability & efficiency

Return on equity
27.55%
Return on assets
4.05%
Return on invested capital
8.76%

Financial health

Current ratio
0.98×
Altman Z-score
1.61
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends86%63%41%18%Gross margin, FY2021: 80.24%Gross margin, FY2022: 77.69%Gross margin, FY2023: 78.18%Gross margin, FY2024: 78.13%Gross margin, FY2025: 69.91%Operating margin, FY2021: 43.85%Operating margin, FY2022: 42.21%Operating margin, FY2023: 44.09%Operating margin, FY2024: 44.96%Operating margin, FY2025: 43.10%Net margin, FY2021: 29.63%Net margin, FY2022: 27.85%Net margin, FY2023: 26.13%Net margin, FY2024: 25.25%Net margin, FY2025: 23.62%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 80.24%. Gross margin FY2022 77.69%. Gross margin FY2023 78.18%. Gross margin FY2024 78.13%. Gross margin FY2025 69.91%. Operating margin FY2021 43.85%. Operating margin FY2022 42.21%. Operating margin FY2023 44.09%. Operating margin FY2024 44.96%. Operating margin FY2025 43.10%. Net margin FY2021 29.63%. Net margin FY2022 27.85%. Net margin FY2023 26.13%. Net margin FY2024 25.25%. Net margin FY2025 23.62%.

Income trends

Revenue

4.53B USD+13.93%

Operating income

1.95B USD+9.22%

Net income

1.07B USD+6.58%
Income trends across reported periods4.9B USD3.42B USD1.95B USD470.61M USDRevenue, FY2021: 2.83B USDRevenue, FY2022: 3.43B USDRevenue, FY2023: 3.76B USDRevenue, FY2024: 3.97B USDRevenue, FY2025: 4.53B USDOperating income, FY2021: 1.24B USDOperating income, FY2022: 1.45B USDOperating income, FY2023: 1.66B USDOperating income, FY2024: 1.79B USDOperating income, FY2025: 1.95B USDNet income, FY2021: 839.5M USDNet income, FY2022: 954.33M USDNet income, FY2023: 981.89M USDNet income, FY2024: 1B USDNet income, FY2025: 1.07B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.83B USD. Revenue FY2022 3.43B USD. Revenue FY2023 3.76B USD. Revenue FY2024 3.97B USD. Revenue FY2025 4.53B USD. Operating income FY2021 1.24B USD. Operating income FY2022 1.45B USD. Operating income FY2023 1.66B USD. Operating income FY2024 1.79B USD. Operating income FY2025 1.95B USD. Net income FY2021 839.5M USD. Net income FY2022 954.33M USD. Net income FY2023 981.89M USD. Net income FY2024 1B USD. Net income FY2025 1.07B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue4.53B USD3.97B USD3.76B USD3.43B USD2.83B USD
Cost of goods sold1.36B USD869.09M USD819.91M USD764.71M USD559.82M USD
Gross profit3.17B USD3.11B USD2.94B USD2.66B USD2.27B USD
Selling, general, and administrative1.21B USD997.78M USD943.58M USD893.22M USD747.95M USD
Operating expenses1.21B USD1.32B USD1.28B USD1.22B USD1.03B USD
Interest expense403.85M USD383.04M USD348.61M USD164.66M USD113.71M USD
Depreciation and amortization393.3M USD351.09M USD336.6M USD322.28M USD284.2M USD
Operating income1.95B USD1.79B USD1.66B USD1.45B USD1.24B USD
Net income1.07B USD1B USD981.89M USD954.33M USD839.5M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 2 misses, 1 met estimate
Average EPS surprise
+1.46%
11 comparable reports
Latest EPS result
7
Estimate 6.58 · Beat by 6.38%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates7.466.385.34.22Q1 '25MissQ2 '25MetQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 5.36, estimate 5.37, surprise -0.19%, Miss. Q2 2025, reported May 6, 2025: actual 4.51, estimate 4.51, surprise 0.00%, Met estimate. Q3 2025, reported Aug 6, 2025: actual 5.13, estimate 5.12, surprise +0.20%, Beat. Q4 2025, reported Nov 5, 2025: actual 5.7, estimate 5.63, surprise +1.24%, Beat. Q1 2026, reported Feb 4, 2026: actual 6.04, estimate 5.95, surprise +1.51%, Beat. Q2 2026, reported May 7, 2026: actual 5.8, estimate 5.47, surprise +6.03%, Beat. Q3 2026, reported Aug 5, 2026: actual 7, estimate 6.58, surprise +6.38%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 7.17, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.41B1.26B1.1B951.37MQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 1.03B USD, estimate 1.05B USD, surprise -1.56%, Miss. Q2 2025, reported May 6, 2025: actual 1.01B USD, estimate 1.02B USD, surprise -0.96%, Miss. Q3 2025, reported Aug 6, 2025: actual 1.1B USD, estimate 1.1B USD, surprise +0.22%, Beat. Q4 2025, reported Nov 5, 2025: actual 1.17B USD, estimate 1.16B USD, surprise +0.75%, Beat. Q1 2026, reported Feb 4, 2026: actual 1.25B USD, estimate 1.23B USD, surprise +1.12%, Beat. Q2 2026, reported May 7, 2026: actual 1.26B USD, estimate 1.21B USD, surprise +4.00%, Beat. Q3 2026, reported Aug 5, 2026: actual 1.34B USD, estimate 1.3B USD, surprise +2.99%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 1.36B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Recent analyst actions

12 institutions
MizuhomaintainNeutral

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