Corpay Inc (CPAY) AI Stock Analysis

• Market Cap: $18.48B
• Dividend Yield: N/A
• Average Volume (3M): 583.57K
• Price to Earnings (P/E): 18.9
• Beta (1Y): 1.19
• Revenue Growth: 11.27%
• EPS Growth: 4.47%
• Country: US
• Employees: 11,200
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 5.13
• Shares Outstanding: 70,614,380
• 10 Day Avg. Volume: 958,338
• 30 Day Avg. Volume: 583,567
• PEG Ratio: 3.74
• Price to Book (P/B): 7.62
• Price to Sales (P/S): 5.99
• P/FCF Ratio: 13.48
• Enterprise Value/Market Cap: 1.28
• Enterprise Value/Revenue: 5.50
• Enterprise Value/Gross Profit: 7.23
• Enterprise Value/Ebitda: 10.39
• 1Y Price Target: $340.88
• Price Target Upside: 23.27% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): 21.05
• Revenue Forecast (FY): $4.45B

• Rating: 73 Outperform
• Price Target: $284.00 ▲(2.70% Upside)

Corpay Inc's overall stock score reflects strong financial performance and a positive earnings call, highlighting growth opportunities in the Corporate Payments segment. However, technical indicators suggest bearish momentum, and high leverage poses financial risks. The valuation is moderate, but the lack of a dividend yield may deter income investors.

Positive Factors

Revenue Growth

Consistent revenue growth demonstrates strong market demand and effective business strategies, supporting long-term expansion and profitability.

Corporate Payments Segment

The Corporate Payments segment's growth underscores a strategic focus on high-demand areas, enhancing Corpay's competitive position and revenue base.

Strategic Acquisitions

Strategic acquisitions expand capabilities and market reach, offering potential synergies and revenue accretion, strengthening long-term growth prospects.

Negative Factors

High Leverage

Significant leverage can strain financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities.

Declining Free Cash Flow

Decreasing free cash flow growth may limit the company's ability to fund operations and strategic initiatives, affecting long-term financial health.

Float Revenue Compression

Float revenue compression due to lower interest rates could reduce profitability in the Corporate Payments segment, impacting overall earnings.

Corpay Inc Business Overview & Revenue Model

Company Description

Corpay, Inc. operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards. It also provides corporate payment solutions consisting of accounts payable automation; virtual cards, cross-border solutions; and purchasing and travel and entertainment card products, as well as lodging payments solutions for employees who travel overnight for work purposes; traveling crews and stranded passengers from airlines and cruise lines; and insurance policyholders displaced from their homes due to damage or catastrophe. In addition, the company offers gifts and payroll cards. It serves business, merchant, consumer, and payment network customers. The company was formerly known as FLEETCOR Technologies, Inc. and changed its name to Corpay, Inc. in March 2024. Corpay, Inc. was founded in 1986 and is headquartered in Atlanta, Georgia.

How the Company Makes Money

Corpay generates revenue through various streams, primarily by charging fees for its payment processing services, which include transaction fees based on the volume and value of payments processed. Additionally, the company earns income from foreign exchange transactions, where it facilitates currency conversion for businesses engaged in international trade, often taking a margin on the exchange rate. Corpay also monetizes its spend management solutions through subscription fees and value-added services that help businesses manage their expenses and cash flow more efficiently. Key partnerships with banks and financial institutions enhance Corpay's service offerings, allowing the company to expand its market reach and increase its earnings potential.

Corpay Inc Financial Statement Overview

Summary

Corpay Inc shows strong revenue growth and profitability with efficient operational margins. However, high leverage and declining free cash flow growth present potential risks. The company should focus on improving cash flow generation and managing debt levels to enhance financial stability.

Income Statement

Corpay Inc has demonstrated consistent revenue growth with a TTM growth rate of 3.44%. The company maintains strong profitability with a gross profit margin of 76.10% and a net profit margin of 24.37% in the TTM. EBIT and EBITDA margins are robust at 44.39% and 52.94%, respectively, indicating efficient operations. However, the slight decline in gross profit margin from previous periods suggests potential cost pressures.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 1.56 in the TTM, which is an improvement from previous years but still indicates significant leverage. Return on equity is strong at 28.84%, reflecting effective use of shareholder funds. The equity ratio stands at 20.64%, suggesting moderate reliance on equity financing.

Cash Flow

Corpay Inc's cash flow performance shows a decline in free cash flow growth by 40.70% in the TTM, highlighting potential challenges in cash generation. The operating cash flow to net income ratio is 1.27, indicating adequate cash flow relative to net income. The free cash flow to net income ratio of 0.86 suggests that most of the net income is converted into free cash flow, although the decline in growth is a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.31B	3.97B	3.76B	3.43B	2.83B	2.39B
Gross Profit	3.28B	3.11B	2.94B	2.66B	2.27B	1.79B
EBITDA	2.28B	2.12B	2.01B	1.76B	1.51B	1.27B
Net Income	1.05B	1.00B	981.89M	954.33M	839.50M	704.22M
Balance Sheet
Total Assets	19.74B	17.96B	15.48B	14.09B	13.40B	11.19B
Cash, Cash Equivalents and Short-Term Investments	2.01B	1.55B	1.39B	1.44B	1.52B	934.90M
Total Debt	6.37B	8.10B	6.72B	7.04B	5.98B	4.30B
Total Liabilities	15.63B	14.81B	12.19B	11.55B	10.54B	7.84B
Stockholders Equity	4.08B	3.12B	3.28B	2.54B	2.87B	3.36B
Cash Flow
Free Cash Flow	1.14B	1.77B	1.95B	603.37M	1.09B	1.39B
Operating Cash Flow	1.34B	1.94B	2.10B	754.80M	1.20B	1.47B
Investing Cash Flow	-712.16M	-807.48M	-380.72M	-368.35M	-715.93M	-106.25M
Financing Cash Flow	126.47M	404.99M	-898.21M	-311.23M	343.93M	-1.42B

Corpay Inc Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 276.53
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CPAY, the sentiment is Neutral. The current price of 276.53 is below the 20-day moving average (MA) of 277.12, below the 50-day MA of 291.82, and below the 200-day MA of 325.64, indicating a bearish trend. The MACD of -6.80 indicates Negative momentum. The RSI at 47.57 is Neutral, neither overbought nor oversold. The STOCH value of 53.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CPAY.

Corpay Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TOST	74 Outperform	$22.75B	83.44	15.96%	―	25.76%	―
CPAY	73 Outperform	$18.48B	18.87	29.35%	―	11.27%	4.47%
PAYO	73 Outperform	$1.97B	27.78	9.79%	―	10.58%	-45.52%
WEX	69 Neutral	$4.97B	18.92	20.30%	―	-1.15%	-2.52%
FOUR	68 Neutral	$5.94B	24.76	15.52%	―	23.16%	27.38%
EEFT	66 Neutral	$3.09B	10.70	23.10%	―	7.25%	-1.12%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Corpay Inc Corporate Events

Corpay, Inc. Reports Strong Q3 and Optimistic Outlook

Corpay, Inc.’s latest earnings call conveyed a generally positive sentiment, highlighting a robust performance in the third quarter and an optimistic outlook for the future. The company reported significant revenue growth and expressed confidence in its strategic initiatives, particularly in the Corporate Payments segment. However, challenges in the lodging business and concerns about float revenue compression were noted. Overall, the positive aspects of the company’s performance and outlook were emphasized, suggesting a promising trajectory for Corpay.

Corpay, Inc. Reports Strong Q3 2025 Financial Results

Corpay, Inc., a corporate payments company, specializes in providing commercial cards and AP modernization solutions to businesses globally, facilitating efficient payment processes and cost control. In its latest earnings report, Corpay announced a 14% increase in revenue and adjusted EPS for the third quarter of 2025, with organic revenue growth reaching 11%. The company completed significant investments and acquisitions, including AvidXchange and Alpha Group, and anticipates finalizing a Mastercard investment by year-end.

Corpay Inc Completes Acquisition of Alpha Group

On November 5, 2025, Corpay, Inc. announced the completion of its acquisition of Alpha Group International plc, finalized on October 31, 2025, for approximately £1.8 billion in cash. This acquisition was funded through an amendment to Corpay’s Credit Facility, which increased commitments and introduced a new Term Loan B. Corpay also reported strong financial results for the third quarter of 2025, with a 14% increase in revenue and adjusted EPS growth, driven by a 17% growth in its Corporate Payments segment. The company raised its fiscal year 2025 outlook, reflecting confidence in continued performance and recent strategic acquisitions.

The most recent analyst rating on (CPAY) stock is a Buy with a $300.00 price target. To see the full list of analyst forecasts on Corpay Inc stock, see the CPAY Stock Forecast page.

Corpay Inc Reaffirms Q3 and Full-Year 2025 Guidance

On September 29, 2025, Corpay Inc. presented to institutional credit investors and reaffirmed its third quarter and full-year 2025 financial guidance. The company highlighted various risks and uncertainties that could impact its performance, including macroeconomic conditions, regulatory challenges, and market trends. These factors could affect Corpay’s strategic execution, credit risks, and financial operations, potentially influencing its market positioning and stakeholder interests.

The most recent analyst rating on (CPAY) stock is a Buy with a $361.00 price target. To see the full list of analyst forecasts on Corpay Inc stock, see the CPAY Stock Forecast page.

Corpay, Inc. Reports Balanced Q2 Earnings with Growth and Challenges

Corpay, Inc.’s recent earnings call presented a balanced sentiment, with notable achievements in revenue growth and strategic expansions, tempered by challenges in specific segments. The company showcased robust performance in Corporate and Vehicle Payments, alongside successful mergers and acquisitions, yet faced hurdles in the Lodging segment and North American cross-border business.

Corpay, Inc. Reports Strong Q2 Growth and Strategic Moves

Corpay, Inc. is a global leader in corporate payments, offering commercial cards and accounts payable automation solutions to businesses worldwide, with a focus on enhancing control over purchases and reducing fraud.