Corpay Inc (CPAY)
NYSE:CPAY
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Corpay Inc
(NYSE:CPAY)
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Rating:77Outperform
Price Target:
$344.00
▲(13.60% Upside)
Action:ReiteratedDate:02/07/26
The score is driven primarily by strong profitability/cash generation (despite leverage risk) and a bullish technical setup, supported by an upbeat earnings outlook with double-digit organic growth targets. Valuation is less compelling at a mid-to-high P/E and leverage/integration risks temper the upside.
Positive Factors
High Margins & Profitability
Corpay’s historically high gross and operating margins and mid‑20s net margins indicate durable earnings power across its payments and software platforms. Strong margins provide long‑run capacity to fund investment, absorb competitive pricing pressure, and sustain shareholder returns even if top‑line growth moderates.
Negative Factors
Elevated Leverage
Debt levels materially above equity (roughly 2–3x) constrain financial flexibility and increase interest burden sensitivity. High leverage heightens refinancing and macro risk, limiting the company’s ability to absorb slower growth or fund opportunistic investments without prioritizing deleveraging.
Read all positive and negative factors
Positive Factors
Negative Factors
High Margins & Profitability
Corpay’s historically high gross and operating margins and mid‑20s net margins indicate durable earnings power across its payments and software platforms. Strong margins provide long‑run capacity to fund investment, absorb competitive pricing pressure, and sustain shareholder returns even if top‑line growth moderates.
Read all positive factors
Corpay Inc (CPAY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$20.61B
Dividend YieldN/A
Average Volume (3M)619.29K
Price to Earnings (P/E)19.7
Beta (1Y)1.17
Revenue Growth11.27%
EPS Growth4.47%
CountryUS
Employees11,200
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)6.04
Shares Outstanding68,050,290
10 Day Avg. Volume466,900
30 Day Avg. Volume619,287
Financial Highlights & Ratios
PEG Ratio2.87
Price to Book (P/B)5.43
Price to Sales (P/S)4.66
P/FCF Ratio16.25
Enterprise Value/Market Cap1.12
Enterprise Value/Revenue5.12
Enterprise Value/Gross Profit6.92
Enterprise Value/Ebitda9.91
Forecast
1Y Price Target
$379.00Price Target Upside25.15% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)26.03
Revenue Forecast (FY)$5.28B
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 veh...
How the Company Makes Money
Corpay makes money primarily by charging fees tied to payment volume and the value-added services embedded in its platforms across its operating segments. In Vehicle Payments, it earns revenue from fleet and fuel payment programs (e.g., fuel cards...
Corpay Inc Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The call communicated strong operating momentum: record Q4 results, robust bookings (+29%), multi-year organic growth consistency (10% FY), a confident and accretive 2026 guide (+16% revenue, +22% EPS), active M&A/investments (Alpha, Avid) and a healthy balance sheet (2.8x leverage, ongoing buybacks). Offsetting items include lodging weakness, float-related headwinds (pressuring early 2026 cadence), higher near-term operating costs and some acquisition/divestiture execution noise (e.g., pay by phone). Management outlined clear priorities (portfolio simplification, U.S. sales, payables monetization, cross-border expansion, AI) and quantified synergies and cost-savings targets, increasing confidence in forward outlook despite some timing and integration risk.Positive Updates
Record Q4 Revenue and EPS
Q4 revenue of $1.248B, up 21% YoY, and cash EPS of $6.04, up 13% YoY (up ~20% at a constant tax rate). Q4 cash EBITDA surpassed $700M and results beat guidance.
Negative Updates
Lodging Segment Weakness
Lodging (under 10% of revenue) declined ~7% YoY; adjusted for FEMA effects the quarter was roughly flat. Management expects low-single-digit growth in 2026 with H1 headwinds; new sales remain disappointing.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Q4 Revenue and EPS
Q4 revenue of $1.248B, up 21% YoY, and cash EPS of $6.04, up 13% YoY (up ~20% at a constant tax rate). Q4 cash EBITDA surpassed $700M and results beat guidance.
Read all positive updates
Company Guidance
Corpay guided to full‑year 2026 revenue of $5.265 billion at the midpoint (≈+16% y/y) and adjusted/cash EPS of $26 (≈+22%), assuming 10% organic revenue growth; Alpha is expected to add about $300 million of incremental revenue and, with Avid, ~+$1 of EPS accretion, while the guide excludes expected divestitures (e.g., pay‑by‑phone, ~ $100 million of 2026 revenue) and any material capital actions beyond delevering. Q1 2026 guidance is $1.21 billion revenue (+20% y/y), 9% organic growth and $5.45 adjusted EPS (+21% y/y). Management’s below‑EBITDA assumptions include $370–$400 million net interest expense, a 25–27% adjusted tax rate, and flat weighted‑average shares; the plan assumes FCF will pay down debt (no buybacks included), and segment organic targets are: corporate payments mid‑teens (with float drag), vehicle payments high single‑digits, and lodging low single‑digits.Corpay Inc Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
60
Neutral
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.53B | 3.97B | 3.76B | 3.43B | 2.83B |
| Gross Profit | 3.17B | 3.11B | 2.94B | 2.66B | 2.27B |
| EBITDA | 2.34B | 2.12B | 2.01B | 1.76B | 1.51B |
| Net Income | 1.07B | 1.00B | 981.89M | 954.33M | 839.50M |
Balance Sheet | |||||
| Total Assets | 26.41B | 17.96B | 15.48B | 14.09B | 13.40B |
| Cash, Cash Equivalents and Short-Term Investments | 8.99B | 1.55B | 1.39B | 1.44B | 1.52B |
| Total Debt | 10.12B | 8.00B | 6.72B | 7.04B | 5.98B |
| Total Liabilities | 22.18B | 14.81B | 12.19B | 11.55B | 10.54B |
| Stockholders Equity | 3.88B | 3.12B | 3.28B | 2.54B | 2.87B |
Cash Flow | |||||
| Free Cash Flow | 1.30B | 1.77B | 1.95B | 603.37M | 1.09B |
| Operating Cash Flow | 1.50B | 1.94B | 2.10B | 754.80M | 1.20B |
| Investing Cash Flow | 1.23B | -807.48M | -380.72M | -368.35M | -715.93M |
| Financing Cash Flow | 1.56B | 404.99M | -898.21M | -311.23M | 343.93M |
Corpay Inc Technical Analysis
Neutral
302.83
Price Trends
316.93
Negative
312.21
Negative
309.60
Negative
Market Momentum
-4.41
Negative
49.36
Neutral
78.82
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 302.83 is above the 20-day moving average (MA) of 295.64, below the 50-day MA of 316.93, and below the 200-day MA of 309.60, indicating a neutral trend. The MACD of -4.41 indicates Negative momentum. The RSI at 49.36 is Neutral, neither overbought nor oversold. The STOCH value of 78.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CPAY.
Corpay Inc Risk Analysis
Corpay Inc disclosed 68 risk factors in its most recent earnings report. Corpay Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Corpay Inc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $20.61B | 19.73 | 27.89% | ― | 11.27% | 4.47% | |
72 Outperform | $14.96B | 60.43 | 17.93% | ― | 25.76% | ― | |
71 Outperform | $1.60B | 27.73 | 9.84% | ― | 10.58% | -45.52% | |
68 Neutral | $2.70B | 11.26 | 23.78% | ― | 7.25% | -1.12% | |
66 Neutral | $5.47B | 17.39 | 29.38% | ― | -1.15% | -2.52% | |
62 Neutral | $4.51B | 42.45 | 7.54% | ― | 23.16% | 27.38% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
CPAY
Corpay Inc
302.83
-5.68
-1.84%
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Corpay Inc Corporate Events
Regulatory Filings and ComplianceShareholder Meetings
Corpay Sets 2026 Annual Meeting and Proposal Deadlines
Neutral
Feb 27, 2026
Corpay, Inc. has set May 7, 2026, as the date for its 2026 annual meeting of stockholders, a change that moves the meeting more than 30 days earlier than the 2025 annual meeting and therefore triggers additional disclosure requirements under U.S. ...
Business Operations and StrategyStock BuybackFinancial DisclosuresM&A Transactions
Corpay posts strong Q4 results and 2026 growth outlook
Positive
Feb 4, 2026
On February 4, 2026, Corpay reported strong fourth-quarter and full-year 2025 results, with fourth-quarter revenue up 21% to $1.25 billion, organic revenue growth of 11%, and adjusted earnings per share rising 13% to $6.04, while full-year revenue...
Business Operations and StrategyExecutive/Board Changes
Corpay Adds Global Mobility Executive David Bunch to Board
Positive
Jan 22, 2026
On January 22, 2026, Corpay appointed London-based executive David Bunch to its board of directors, adding a seasoned international operator with deep experience in large-scale mobility, convenience, and digital platform businesses. Bunch, who cur...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.