Corpay, Inc.

Corpay, Inc.

CPAY
Corpay, Inc.US flagNew York Stock Exchange
356.11
USD
+5.26
- -
23.28BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
10.94
14.22
18.5
19.78
24.69
27.42
30.66
28.44
34.53
45.33
51.37
56.51
64.57
68.88
Basic EPS, GAAP
3.48
4.37
3.94
4.89
8.12
9.14
10.36
8.38
10.23
12.62
13.42
14.27
15.25
16.94
Free Cash Flow per Basic Share
4.34
6.89
7.74
7.01
6.69
9.26
12.58
16.6
13.23
7.98
26.62
25.1
18.52
18.87
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
12.66
16.65
19.2
23.96
32.47
43.02
54.55
64.49
76.24
95.38
111.99
130.76
146.35
152.81
Tangible Book Value per Share
-14.43
-41.28
-31.51
-40.65
-41.31
-40.67
-40.08
-41.42
-55.42
-63.37
-60.81
-74.63
-93.73
-94.1
Basic Weighted Avg Shares
82
84
92
93
91
89
86
84
82
76
73
70
70
69
Sales/Revenue/Turnover
895
1,199
1,703
1,832
2,250
2,433
2,649
2,389
2,834
3,427
3,758
3,975
4,528
4,784
Operating Margin (%)
46.99
47.14
39.2
41.18
39.29
44.82
46.49
40.7
43.85
42.21
44.09
44.18
43.1
42.63
Depreciation Expense
66
107
190
198
265
275
274
255
284
322
337
351
393
416
Net Income, GAAP
285
369
362
452
740
811
895
704
839
954
982
1,004
1,070
1,177
Effective Tax Rate (%)
29.5
28.12
32.38
29.64
17.17
25.9
16.96
20.2
24.29
25.19
25.9
27.53
30.47
31.26
Profit Margin (%)
31.78
30.74
21.28
24.7
32.9
33.35
33.79
29.48
29.63
27.85
26.13
25.25
23.62
24.6
Working Capital
-555
-759
-303
-769
-546
-619
156
-12
198
63
259
-32
-333
-352
LT Debt
475
2,169
2,060
2,522
2,902
2,748
3,290
3,098
4,460
4,723
4,596
5,226
6,656
6,607
Total Equity
1,244
2,619
2,830
3,084
3,677
3,340
3,712
3,355
2,867
2,541
3,282
3,146
4,229
3,864
Return on Invested Capital (%)
12.78
9.04
7.54
8.32
9.62
9.86
12.08
9.46
11.41
11.79
12.62
12.08
10.67
10.97
Return on Capital (%)
14.11
10.36
8.47
9.33
12.23
11.35
11.09
8.3
8.43
8.14
8.51
7.98
7.13
7.49
Return on Common Equity (%)
31.86
30.23
22.86
22.7
28.59
23.95
20.98
13.9
14.38
14.17
12.75
11.54
10.99
11.74

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2,301
3,346
3,754
LT Borrowings
5,822
6,656
6,607
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
70
68
66
Market Capitalization
20,245
21,107
20,208

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
10,108
13,963
14,637
Cash, Cash Equivalents & STI
2,006
2,408
2,537
Accounts Receivable, Net
4,412
2,146
2,631
Inventories
- -
- -
- -
Total Current Liabilities
8,912
14,297
14,989
Payables & Accruals
2,500
2,171
2,715
ST Debt
2,301
3,346
3,754
Deferred Revenue
3,501
8,119
7,853

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.4%
6.7%
34.41%
Free Cash Flow
20.07%
24.09%
-26.41%
Net Income, GAAP
13.16%
8.92%
6.58%
Sales/Revenue/Turnover
10.65%
13.78%
13.93%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
935
976
1,029
1,034
3,975
2025
1,006
1,102
1,172
1,248
4,528
2026
1,261
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.2
3.59
3.98
3.52
14.27
2025
3.46
4.03
3.95
3.81
15.25
2026
5.18
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Ronald F. Clarke
Full Time Employees
11,200
Sector
Technology
Industry
Software - Infrastructure
Address
3280 Peachtree Road Atlanta GA United States of America 30305
IPO Date
Dec 15, 2010
Website
corpay.com
Business
Corpay, Inc. (NYSE: CPAY) operates as a global S&P 500 corporate payments company that provides software-driven payment solutions to help businesses and consumers manage and pay vehicle-related expenses, lodging expenses, and corporate payments in a simple, controlled manner. The company offers corporate payment products and services including accounts payable (AP) automation, commercial cards, cross-border payments, purchasing cards, travel and entertainment (T&E) cards, and virtual cards; vehicle payment solutions encompassing fuel cards, electric vehicle (EV) charging, tolls, parking, auto insurance, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers; and lodging payments solutions for workforce travel programs, airline crews and passengers, stranded travelers, insurance policyholders, and managed lodging programs. Corpay serves over 800,000 business clients across industries such as fleet management, corporate finance, hospitality, transportation, and international trade, with operations in the United States, Brazil, the United Kingdom, Europe, Canada, and over 200 countries worldwide. Founded in 2000 and headquartered in Atlanta, Georgia, Corpay delivers its solutions through proprietary networks, integrated platforms, and partnerships that emphasize cost reduction, fraud prevention, process automation, and spend analytics. In recent developments, the company completed the acquisition of GPS Capital Markets in January 2025 to enhance corporate payments for mid-market and enterprise clients; acquired Paymerang in July 2024 to expand AP automation and cross-border capabilities into sectors including education, healthcare, hospitality, and manufacturing; finalized the $2.4 billion acquisition of Alpha Group International plc in November 2025, adding global bank accounts for European investment managers with planned expansion into the US and Asia; and divested its Comdata Merchant POS Solutions business to PDI Technologies in early 2025 as part of a strategic simplification focused on core operations. Additional strategic moves include partnerships with Mastercard to extend near-real-time payments to 22 new markets and investments in AvidXchange to strengthen Fortune 500 supply chain integration, alongside a significant share repurchase program totaling nearly 40% of shares since 2016 and an upgraded fiscal 2025 revenue outlook of $5.05 billion to $5.25 billion.

Company News

MCPAPIChat
  • Corpay: The Market Has Yet To Price In Its Most Important Catalyst

  • Corpay, Inc. (CPAY) Presents at Morgan Stanley US Financials Conference 2026 Transcript

  • Corpay Cross-Border Named the Official FX Supplier of Vålerenga Fotball AS

  • Corpay Cross-Border Named the Official FX Supplier of Vålerenga Fotball AS

  • Corpay to Participate in Upcoming Investor Conferences

  • Corpay to Participate in Upcoming Investor Conferences

  • Here's Why You Should Retain Corpay Stock in Your Portfolio Now

  • Corpay Completes Refinancing and Increases Revolving Credit Facility To $3.7 Billion

  • Corpay Completes Refinancing and Increases Revolving Credit Facility To $3.7 Billion

  • Corpay's Quiet Strength Is Winning Wall Street

  • Corpay, Inc. (CPAY) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

  • Corpay, Inc. (CPAY) Discusses Cross-Border Business Model, Blockchain Risk, and Growth Drivers Transcript

  • Corpay Taps BVNK To Offer Customers Stablecoin Settlement

  • Corpay to Participate in J.P. Morgan Global Technology, Media and Communications Conference

  • Corpay Partners With BVNK To Add Stablecoin Wallets for Global Customers

  • Corpay Q1 Earnings Call Highlights

  • CPAY Q1 Earnings Beat Estimates on Corporate Payments Strength

  • Corpay, Inc. (CPAY) Q1 2026 Earnings Call Transcript

  • Corpay (CPAY) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

  • Corpay (CPAY) Q1 Earnings and Revenues Top Estimates