CPAY Stock Analysis: Corpay | NYSE
Software - Infrastructure | NYSE, USA | Market Cap: 21.732m USD | 12M Return: 1.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 234M
EPS Trend: 99.2%
Qual. Beats: 3
Rev. Trend: 95.9%
Qual. Beats: 3
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
Corpay, Inc. (NYSE: CPAY) is a U.S.-based payments company that provides expense management solutions to both businesses and consumers. It operates through four segments: Corporate Payments, Vehicle Payments, Lodging Payments, and Other, serving a customer base that includes businesses, merchants, consumers, and payment networks.
Its Vehicle Payments segment covers fuel cards, tolls, parking, fleet maintenance, and long-haul transportation services, while the Corporate Payments segment offers virtual cards, cross-border payments, accounts payable automation, and travel & entertainment (T&E) cards. The Lodging Payments segment focuses on workforce lodging for traveling employees, airline and cruise crews, and stranded passengers. Corpay also issues gift and payroll cards.
Founded in 1986 and headquartered in Atlanta, Georgia, the company was formerly known as FLEETCOR Technologies, Inc. and rebranded to Corpay in 2022. It operates in the B2B payments space, an industry segment driven by the broader shift away from paper-based checks toward digital and card-based payment methods, and is closely tied to fleet and fuel card spending trends in the commercial transportation sector.
- Fuel card volumes rise with commercial fleet activity
- Cross-border and virtual card growth expands payment margins
- Interest rate moves impact payment float income
| Net Income: 1.18b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -2.30 > 1.0 |
| NWC/Revenue: -7.36% < 20% (prev 20.79%; Δ -28.15% < -1%) |
| CFO/TA 0.06 > 3% & CFO 1.52b > Net Income 1.18b |
| Net Debt (1.54b) to EBITDA (2.56b): 0.60 < 3 |
| Current Ratio: 0.98 > 1.5 & < 3 |
| Outstanding Shares: last quarter (68.4m) vs 12m ago -4.35% < -2% |
| Gross Margin: 72.79% > 18% (prev 78.16%; Δ -5.37% > 0.5%) |
| Asset Turnover: 21.16% > 50% (prev 21.81%; Δ -0.65% > 0%) |
| Interest Coverage Ratio: 5.09 > 6 (EBIT TTM 2.14b / Interest Expense TTM 420.0m) |
| A: -0.01 (Total Current Assets 14.6b - Total Current Liabilities 15.0b) / Total Assets 26.7b |
| B: 0.40 (Retained Earnings 10.6b / Total Assets 26.7b) |
| C: 0.09 (EBIT TTM 2.14b / Avg Total Assets 22.6b) |
| D: 0.15 (Book Value of Equity 3.51b / Total Liabilities 22.8b) |
| Altman-Z'' = 2.01 = BBB |
| DSRI: 1.01 (Receivables 4.77b/4.02b, Revenue 4.78b/4.05b) |
| GMI: 1.07 (GM 78.16% / 72.79%) |
| AQI: 0.89 (AQ_t 0.43 / AQ_t-1 0.49) |
| SGI: 1.18 (Revenue 4.78b / 4.05b) |
| TATA: -0.01 (NI 1.18b - CFO 1.52b) / TA 26.7b) |
| Beneish M = -2.89 (Cap -4..+1) = A |
As of June 30, 2026, the stock is trading at USD 335.34 with a total of 742,165 shares traded. Over the past week, the price has changed by -3.41%, over one month by -7.31%, over three months by +15.49% and over the past year by +1.06%.
Current recommended Stop Loss: 308.90 (which is 7.9% or 2.2 ATR below the current price).
Corpay has received a consensus analysts rating of 4.06. Therefore, it is recommended to buy CPAY.
- StrongBuy: 6
- Buy: 6
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 395.1 | 17.8% |
P/E Trailing = 19.9209
P/E Forward = 12.5786
P/S = 4.4517
P/B = 6.0669
P/EG = 0.7865
Revenue TTM = 4.78b USD
EBIT TTM = 2.14b USD
EBITDA TTM = 2.56b USD
Long Term Debt = 6.61b USD (from longTermDebt, last quarter)
Short Term Debt = 3.75b USD (from shortTermDebt, last quarter)
Debt = 10.4b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.54b USD (calculated: Debt 10.4b - CCE 8.82b)
Enterprise Value = 23.3b USD (21.7b + Debt 10.4b - CCE 8.82b)
Interest Coverage Ratio = 5.09 (Ebit TTM 2.14b / Interest Expense TTM 420.0m)
EV/FCF = 17.76x (Enterprise Value 23.3b / FCF TTM 1.31b)
FCF Yield = 5.63% (FCF TTM 1.31b / Enterprise Value 23.3b)
FCF Margin = 27.39% (FCF TTM 1.31b / Revenue TTM 4.78b)
Net Margin = 24.60% (Net Income TTM 1.18b / Revenue TTM 4.78b)
Gross Margin = 72.79% ((Revenue TTM 4.78b - Cost of Revenue TTM 1.30b) / Revenue TTM)
Gross Margin QoQ = 72.68% (prev 69.82%)
Tobins Q-Ratio = 0.87 (Enterprise Value 23.3b / Total Assets 26.7b)
Interest Expense / Debt = 4.05% (Interest Expense 420.0m / Debt 10.4b)
Taxrate = 31.26% (537.4m / 1.72b)
NOPAT = 1.47b (EBIT 2.14b * (1 - 31.26%))
Current Ratio = 0.98 (Total Current Assets 14.6b / Total Current Liabilities 15.0b)
Debt / Equity = 2.95 (Debt 10.4b / totalStockholderEquity, last quarter 3.51b)
Debt / EBITDA = 0.60 (Net Debt 1.54b / EBITDA 2.56b)
Debt / FCF = 1.18 (Net Debt 1.54b / FCF TTM 1.31b)
Total Stockholder Equity = 3.85b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.21% (Net Income 1.18b / Total Assets 26.7b)
RoE = 30.57% (Net Income TTM 1.18b / Total Stockholder Equity 3.85b)
RoCE = 20.46% (EBIT 2.14b / Capital Employed (Equity 3.85b + L.T.Debt 6.61b))
RoIC = 9.68% (NOPAT 1.47b / Invested Capital 15.2b)
WACC = 8.06% (E(21.7b)/V(32.1b) * Re(10.58%) + D(10.4b)/V(32.1b) * Rd(4.05%) * (1-Tc(0.31)))
Discount Rate = 10.58% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -71.07 | Cagr: -3.69%
[DCF] Terminal Value 75.16% ; FCFF base≈1.32b ; Y1≈1.30b ; Y5≈1.34b
[DCF] Fair Price = 295.3 (EV 20.8b - Net Debt 1.54b = Equity 19.3b / Shares 65.4m; r=8.35% [WACC [floored]]; 5y FCF grow -2.03% → 2.50% )
EPS Correlation: 99.20 | EPS CAGR: 12.02% | SUE: 4.0 | # QB: 3
Revenue Correlation: 95.93 | Revenue CAGR: 9.51% | SUE: 3.95 | # QB: 3
EPS next Quarter (2026-09-30): EPS=7.03 | Chg30d=+0.97% | Revisions=+20% | Analysts=15
EPS current Year (2026-12-31): EPS=26.77 | Chg30d=+2.70% | Revisions=+33% | GrowthEPS=+25.2% | GrowthRev=+17.1%
EPS next Year (2027-12-31): EPS=30.61 | Chg30d=+2.51% | Revisions=+33% | GrowthEPS=+14.3% | GrowthRev=+9.8%
[Analyst] Revisions Ratio: +33%