Corpay, Inc.
CPAY · NYSE
Company research
Corpay, Inc. (NYSE: CPAY) is a global S&P 500 financial technology company headquartered in Atlanta, Georgia, specializing in business-to-business (B2B) payment solutions for businesses and consumers across more than 100 countries. Formerly known as FLEETCOR Technologies, the company rebranded to Corpay in March 2024 and operates through four core segments: Corporate Payments, Vehicle Payments, Lodging Payments, and Other. Its comprehensive suite of solutions includes accounts payable automation, virtual and commercial cards, cross-border payment processing in 145 currencies, fleet and fuel management, toll and parking services, and lodging payment solutions catering to industries ranging from healthcare and manufacturing to transportation and retail. Founded in 1986 and led by Chairman and CEO Ronald F. Clarke, Corpay generated approximately $3.97 billion in revenue in 2024, serves over 800,000 business customers globally, and employs approximately 11,200 people worldwide.
Research reports
Independent boutique FactorsToday presents a detailed fundamental report arguing that CPAY is a high-margin fuel-card and Brazilian toll “cash cow” being used to fund a debt-financed pivot into cross-border FX and AP automation, concluding with a HOLD / accumulate-on-weakness stance and framing value zones around sub‑$320–330 for accumulation and ~$360–430 as fair value. The report highlights governance concerns, leverage around ~3x, falling corporate-payments take rates, and a 2027 refinancing wall as key risks while noting that current valuation already discounts many of these issues given Corpay’s 50%-margin legacy vehicle payments franchise and strong cash returns on tangible capital.
StockStory · June 25, 2026Corpay (CPAY) Research Report: Q1 CY2026 UpdateStockStory’s analyst team rates Corpay as a “High Quality Timely Buy,” emphasizing five-year revenue CAGR of roughly mid-teens, EPS growth around the same level, and an average ROE above 30%, which they interpret as evidence of a strong competitive moat. They point to Q1 CY2026 results—25.4% year-on-year revenue growth, a 40% pre-tax profit margin, adjusted EPS 6% above consensus, and raised full-year revenue and EPS guidance—as reinforcing their positive view, while noting that some efficiency erosion and EPS outperformance versus revenue are driven by buybacks, but still seeing the stock as attractively valued at ~12x forward P/E with ~15% upside to the consensus price target.
Zacks Investment Research · December 11, 2025Corpay, Inc. (CPAY) Zacks Equity Research ReportZacks’ equity research report assigns CPAY a Neutral long-term recommendation (Zacks Recommendation: Neutral; Zacks Rank 3-Hold) with a 6–12 month price target of $300 versus a then-current price of $311.57, concluding that the shares should perform in line with the market. The report credits Corpay’s strong organic revenue growth, multi-channel go-to‑market strategy, accretive acquisitions, robust liquidity, and shareholder-friendly buybacks, but stresses higher and rising interest expense, exposure to foreign-exchange rate volatility, and pronounced seasonality in fuel card, workforce payment, and gift card businesses as key headwinds that justify a neutral stance rather than a bullish call.