
Corpay, Inc.
NYSE•CPAY
CEO: Mr. Ronald F. Clarke
Sector: Technology
Industry: Software - Infrastructure
Listing Date: 2010-12-15
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.
Contact Information
Market Cap
$22.43B
P/E (TTM)
21.4
29.5
Dividend Yield
--
52W High
$400.81
52W Low
$252.84
52W Range
Rank16Top 3.7%
6.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$1.17B+13.92%
4-Quarter Trend
EPS
$3.95-0.75%
4-Quarter Trend
FCF
-$429.84M-221.08%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Consolidated Revenue Growth Strong Net revenues grew 11.6% to $3.28B for nine months ended September 30, 2025, driven by 10% organic growth.
Corporate Payments Operating Income Corporate Payments operating income surged 31.0% to $474.6M for nine months, fueled by 18% organic growth and acquisitions.
Net Income Rises 6.3% Net income attributable to Corpay increased 6.3% to $805.3M for nine months, despite macroeconomic headwinds impacting revenue.
Strong Liquidity Position Total cash and restricted cash reached $4.91B as of September 30, 2025, supporting operations and strategic financing needs.
Risk Factors
Macroeconomic Headwinds Pressure Macro factors caused a negative $68M impact on 9M revenue, driven by unfavorable foreign exchange rates, especially in Brazil.
IT General Controls Weakness Material weakness in ITGCs regarding user access management noted; remediation plan is currently underway for effectiveness testing.
FTC Litigation Uncertainty Resolution timing and potential costs for the ongoing FTC lawsuit remain unpredictable, requiring significant management judgment.
Outlook
Alpha Acquisition Closed October Completed acquisition of Alpha for approximately £1.8B cash; results will reflect in Corporate Payments starting Q4 2025.
Credit Facility Amended/Expanded Entered 17th Credit Agreement amendment, increasing revolver capacity by $1B and adding new $900M Term Loan B.
Mastercard Investment Closing Q4 Investment in cross-border business with Mastercard for $300M is expected to close during the fourth quarter of 2025.
Peer Comparison
Revenue (TTM)
$22.10B
$11.36B
SSNC$6.15B
Gross Margin (Latest Quarter)
NTNX87.0%
85.3%
FFIV82.2%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| CPAY | $22.43B | 21.4 | 28.8% | 41.1% |
| SSNC | $20.93B | 24.6 | 12.5% | 34.9% |
| GIB | $20.44B | 17.2 | 16.4% | 22.9% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.3%
Moderate Growth
4Q Net Income CAGR
4.2%
Profitability Slowly Improving
Cash Flow Stability
50%
Cash Flow Needs Attention
Research & Insights
Next earnings:Feb 4, 2026
EPS:$5.93
|Revenue:$1.23B
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 10, 2025|Revenue: $1.17B+13.9%|EPS: $3.95-0.8%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 7, 2025|Revenue: $1.10B+12.9%|EPS: $4.03+12.3%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 12, 2025|Revenue: $1.01B+7.5%|EPS: $3.46+8.1%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 27, 2025|Revenue: $3.97B+5.8%|EPS: $14.27+6.3%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 8, 2024|Revenue: $1.03B+6.0%|EPS: $3.98+7.3%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 9, 2024|Revenue: $975.71M+2.9%|EPS: $3.59+10.8%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 9, 2024|Revenue: $935.25M+3.8%|EPS: $3.20+9.6%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 29, 2024|Revenue: $3.76B+9.6%|EPS: $13.42+6.3%Miss