Corpay, Inc. (CPAY) AI Stock Analysis

Corpay, Inc., formerly known as FLEETCOR Technologies, Inc., operates as a global payments company that manages vehicle-related expenses, lodging payments, and corporate transactions. Headquartered in Atlanta, Georgia, the company serves clients across the United States, Brazil, the United Kingdom, and other international markets. Its vehicle solutions cover fuel purchases, tolls, parking fees, fleet maintenance, and long-haul transportation expenses, alongside prepaid food and transportation vouchers. Corpay also offers corporate payment tools such as accounts payable automation, virtual cards, cross-border payment solutions, and purchasing cards. Additionally, it processes lodging payments for corporate travelers, airline and cruise crews, stranded passengers, and displaced insurance policyholders.

Between FY2021 and FY2025, Corpay grew its annual revenue from $2.83B to $4.53B, achieving a 5-year revenue CAGR of 13.6% from FY2020 to FY2025. Annual net income climbed from $839.5M in FY2021 to $1.07B in FY2025, while diluted earnings per share expanded from $13.21 to $21.09. However, gross margin compressed from 80.2% in FY2021 to 69.9% in FY2025, and operating margin moved from 43.8% to 43.1%. Over the trailing twelve months, revenue reached $5.02B with a profit margin of 22.7%. For the latest quarter ended June 30, 2026, quarterly revenue grew 21.5% year-over-year, while quarterly earnings declined 7.0%.

As of June 30, 2026, Corpay held $3.16B in cash and short-term investments against $10.62B in total debt, resulting in net debt of $7.46B. Total assets stood at $28.22B and shareholders' equity was $3.54B, yielding a debt-to-equity ratio of 3.00 and a current ratio of 0.97. In FY2025, operating cash flow was $1.50B and free cash flow was $1.30B. Capital allocation that year included $200.8M in capital expenditures and $782.8M in share buybacks, contributing to a 19.1% reduction in share count over 5 years.

At a last close price of $399.84, Corpay trades at a trailing P/E of 24.3x and a forward P/E of 12.8x, compared to medians of 31.5x and 20.9x for its S&P 500 Technology peers. Its enterprise value of $33.26B represents an EV to EBITDA multiple of 13.0x, below the peer group median of 19.9x. The stock trades at a price-to-sales ratio of 5.2x and a PEG ratio of 0.75. Over the past year, Corpay returned 44.1%, outpacing the S&P 500 SPY return of 16.8%, though its 5-year return of 46.9% trails the index return of 83.0%.

Wall Street analysts hold 8 Strong Buy, 5 Buy, and 3 Hold ratings on Corpay, with no Sell or Strong Sell ratings. The mean price target of $461.00 implies upside of 15.3% over the last close of $399.84. For the fiscal year ending December 31, 2026, analysts estimate revenue of $5.32B and EPS of $27.41, representing 28.2% earnings growth. Corpay has beat EPS estimates in each of the last 4 quarters, and its next earnings date is scheduled for November 4, 2026.

This page is an AI-written research summary of Corpay, Inc. (CPAY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CPAY income statement, CPAY balance sheet, CPAY key metrics, CPAY analyst forecast, CPAY chart. See the CPAY stock overview for the latest quote and news.