Corpay Inc (CPAY) AI Stock Analysis

• Market Cap: $19.99B
• Dividend Yield: N/A
• Average Volume (3M): 425.11K
• Price to Earnings (P/E): 19.3
• Beta (1Y): 1.23
• Revenue Growth: 9.22%
• EPS Growth: 6.60%
• 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: 378,154
• 30 Day Avg. Volume: 425,111
• 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: 1.32
• Enterprise Value/Revenue: 6.31
• Enterprise Value/Gross Profit: 8.08
• Enterprise Value/Ebitda: 11.85
• 1Y Price Target: $363.43
• Price Target Upside: 27.77% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 77 Outperform
• Price Target: $361.00 ▲(26.91% Upside)

Corpay Inc's overall stock score is driven by strong financial performance and positive earnings call sentiment, highlighting robust organic growth and increased guidance. However, technical indicators suggest a bearish trend, and the high debt-to-equity ratio remains a concern. The valuation is reasonable, supporting the stock's growth potential.

Positive Factors

Revenue Growth

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

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, enabling strategic investments and debt reduction, crucial for sustainable growth.

Strategic Partnerships

Expanding partnerships with major players like Mastercard enhances service offerings and market reach, driving long-term competitive advantage.

Negative Factors

High Debt Levels

High leverage can constrain financial flexibility and increase risk, necessitating careful management to ensure long-term stability.

Lodging Segment Decline

Declining performance in the Lodging segment may indicate structural challenges, potentially impacting overall revenue growth and diversification.

Macroeconomic Uncertainty

Macroeconomic uncertainties can impact cross-border transactions, posing risks to revenue stability and necessitating adaptive strategies.

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 demonstrates strong financial health with consistent revenue and profit growth, efficient operations, and robust cash flow generation. However, the high debt-to-equity ratio remains a concern despite improvements.

Income Statement

Corpay Inc has demonstrated consistent revenue growth, with a TTM growth rate of 3.12% and strong profitability metrics. The gross profit margin remains robust at 75.93%, and the net profit margin is healthy at 25.17%. EBIT and EBITDA margins are also strong, indicating efficient operations. However, the slight decline in gross profit margin compared to previous periods suggests potential cost pressures.

Balance Sheet

The company's balance sheet shows a high debt-to-equity ratio of 1.65, indicating significant leverage, although it has improved from previous periods. Return on equity is strong at 30.89%, reflecting effective use of equity capital. The equity ratio is moderate, suggesting a balanced asset structure but with room for improvement in reducing leverage.

Cash Flow

Corpay Inc's cash flow performance is solid, with a significant free cash flow growth rate of 44.17% in the TTM period. The operating cash flow to net income ratio is stable, and the free cash flow to net income ratio is high at 91.15%, indicating strong cash generation relative to earnings. However, the operating cash flow coverage ratio is relatively low, suggesting potential constraints in covering liabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.17B	3.97B	3.76B	3.43B	2.83B	2.39B
Gross Profit	3.26B	3.11B	2.94B	2.66B	2.27B	1.79B
EBITDA	2.22B	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	20.44B	17.96B	15.48B	14.09B	13.40B	11.19B
Cash, Cash Equivalents and Short-Term Investments	2.19B	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	16.47B	14.81B	12.19B	11.55B	10.54B	7.84B
Stockholders Equity	3.93B	3.12B	3.28B	2.54B	2.87B	3.36B
Cash Flow
Free Cash Flow	1.93B	1.77B	1.95B	603.37M	1.09B	1.39B
Operating Cash Flow	2.12B	1.94B	2.10B	754.80M	1.20B	1.47B
Investing Cash Flow	-883.50M	-807.48M	-380.72M	-368.35M	-715.93M	-106.25M
Financing Cash Flow	722.58M	404.99M	-898.21M	-311.23M	343.93M	-1.42B

Corpay Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 284.45
• 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 Negative. The current price of 284.45 is below the 20-day moving average (MA) of 287.37, below the 50-day MA of 303.02, and below the 200-day MA of 330.72, indicating a bearish trend. The MACD of -5.12 indicates Negative momentum. The RSI at 42.57 is Neutral, neither overbought nor oversold. The STOCH value of 59.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CPAY.

Corpay Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CPAY	77 Outperform	$19.99B	19.33	31.43%	―	9.22%	6.60%
PAYO	75 Outperform	$2.17B	22.79	13.86%	―	13.02%	-2.57%
FOUR	74 Outperform	$6.80B	27.94	19.00%	―	23.86%	79.35%
TOST	73 Outperform	$22.47B	111.14	14.51%	―	26.11%	―
WEX	72 Outperform	$5.34B	20.23	22.19%	―	-1.62%	36.57%
EEFT	69 Neutral	$3.52B	12.18	22.97%	―	8.71%	25.75%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Corpay Inc Corporate Events

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.

Corpay Inc Reports Strong Q2 2025 Financial Results

Corpay, Inc. reported a 13% increase in revenue and adjusted EPS growth for the second quarter of 2025, with significant contributions from its Corporate Payments segment. The company announced the acquisition of Alpha Group and partnerships in the stablecoin sector, indicating strategic expansion and positioning in the digital currency market. The financial results surpassed expectations, prompting an upward revision of the fiscal year 2025 outlook, highlighting strong sales performance and improved foreign currency rates.

The most recent analyst rating on (CPAY) stock is a Buy with a $353.00 price target. To see the full list of analyst forecasts on Corpay Inc stock, see the CPAY Stock Forecast page.

Corpay Inc Announces Acquisition of Alpha Group

On July 23, 2025, Corpay, Inc. announced its intention to acquire Alpha Group International plc, a leading provider of B2B cross-border FX solutions in the UK and Europe, for approximately £1.6 billion. The acquisition, expected to close in the fourth quarter of 2025, will be executed through a court-sanctioned scheme of arrangement and is anticipated to enhance Corpay’s relationships with investment managers and expand its customer segments. The transaction is expected to be accretive to Corpay’s earnings per share by 2026 and will be financed through a combination of cash, debt, and other financial strategies.

The most recent analyst rating on (CPAY) stock is a Buy with a $353.00 price target. To see the full list of analyst forecasts on Corpay Inc stock, see the CPAY Stock Forecast page.