Corpay Inc (CPAY) AI Stock Analysis

• Market Cap: $22.93B
• Dividend Yield: N/A
• Average Volume (3M): 519.67K
• Price to Earnings (P/E): 22.5
• Beta (1Y): 1.11
• Revenue Growth: 11.27%
• EPS Growth: 4.47%
• Country: US
• Employees: 11,200
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 5.70
• Shares Outstanding: 69,958,050
• 10 Day Avg. Volume: 522,416
• 30 Day Avg. Volume: 519,669
• 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: 1.07
• Enterprise Value/Revenue: 5.71
• Enterprise Value/Gross Profit: 7.50
• Enterprise Value/Ebitda: 10.78
• 1Y Price Target: $356.20
• Price Target Upside: 7.69% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11
• EPS Forecast (FY): 24.78
• Revenue Forecast (FY): $5.22B

• Rating: 75 Outperform
• Price Target: $372.00 ▲(12.46% Upside)

Corpay Inc's overall stock score of 75 reflects strong financial performance and a positive outlook from recent earnings calls. The company's strategic acquisitions and growth in the Corporate Payments segment are significant strengths. However, high leverage and declining free cash flow growth are notable risks. The technical indicators suggest positive momentum, but valuation concerns and the absence of a dividend yield slightly offset the positives.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for Corpay's services, enhancing its market position and long-term financial stability.

Strategic Acquisitions

Strategic acquisitions like Alpha Group enhance Corpay's service offerings and market reach, driving future growth and competitive advantage.

Corporate Payments Segment

The Corporate Payments segment's growth potential underscores Corpay's strategic focus on high-demand areas, supporting long-term revenue expansion.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, potentially impacting Corpay's ability to invest in growth opportunities.

Declining Free Cash Flow

Declining free cash flow growth may strain Corpay's ability to fund operations and strategic initiatives, affecting long-term sustainability.

Float Revenue Compression

Float revenue compression due to lower interest rates could reduce profitability in the Corporate Payments segment, impacting 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 a variety of channels, primarily by charging fees for its payment processing services, which include transaction fees for processing payments and subscription fees for its software solutions. Key revenue streams include fees from accounts payable automation, foreign exchange transactions, and cross-border payment solutions. The company may also benefit from partnerships with financial institutions and other service providers, which can enhance its service offerings and expand its customer base. Additionally, Corpay's focus on providing value-added services helps to drive customer retention and loyalty, further contributing to its earnings.

Corpay Inc Financial Statement Overview

Summary

Corpay Inc demonstrates 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	8.12B	8.00B	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: Positive
• Last Price: 330.77
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CPAY, the sentiment is Positive. The current price of 330.77 is above the 20-day moving average (MA) of 315.79, above the 50-day MA of 300.87, and above the 200-day MA of 312.17, indicating a bullish trend. The MACD of 8.03 indicates Negative momentum. The RSI at 67.32 is Neutral, neither overbought nor oversold. The STOCH value of 86.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CPAY.

Corpay Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CPAY	75 Outperform	$22.93B	22.46	29.35%	―	11.27%	4.47%
WEX	73 Outperform	$5.53B	20.86	20.30%	―	-1.15%	-2.52%
TOST	72 Outperform	$20.97B	77.43	15.96%	―	25.76%	―
PAYO	69 Neutral	$1.89B	28.47	9.79%	―	10.58%	-45.52%
FOUR	68 Neutral	$5.95B	30.94	15.52%	―	23.16%	27.38%
EEFT	66 Neutral	$3.14B	10.90	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 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.