Corpay

CPAY • NYSE • Stock Fundamentals

Corpay is a global corporate payments company that provides a comprehensive suite of digital spend management and automated payment solutions. The company helps businesses and consumers manage expenses through accounts payable automation, cross-border foreign exchange, and specialized vehicle and lodging payment programs. Its core value proposition centers on replacing manual, paper-based processes with digitized controls that reduce unauthorized spending and improve operational efficiency.

Market Cap$22.8B

Revenue TTM$4.8B

Net Income TTM$1.2B

P/E Ratio19.36

Net Margin24.6%

EPS TTM$16.71

Free Cash Flow TTM$1.6B

Employees10.5K

CEORonald F. Clarke

CountryUnited States of America

Technology

Software - Infrastructure

SegmentsPayments, Software-as-a-Service (SaaS), Fleet Management, Corporate Travel

Business ModelsB2B Payments, Subscription SaaS, Transaction-based, Proprietary Payment Network

Most Recent EarningsMay 7, 2026 · 13 days agoQ1 2026

Next EarningsAug 5, 2026 · in 2 monthsAfter Market Close · Q2 2026

Income Statement Balance Sheet Cash Flow Segments

Financials

Based on Q1 2026 filing

View all metrics

Op. Margin46.06%

ROE33.79%

D/E295.16%

Current Ratio0.977

Total Debt$10.4B

Cash$2.5B

CapEx TTM$207.1M

Revenue

Net Income

Operating Cash Flow

Free Cash Flow

EPS (Diluted)

Business Segments

View segment metrics

Corporate Payments

primary

Provides solutions to automate vendor payments and manage employee-driven spend. This includes AP automation, cross-border FX transactions, and integrated spend management platforms.

Products

Corpay Spend Management, AP Modernization, Virtual Card, Purchasing and T&E Cards, SWIFT international payments network

Customers

Mid-market enterprises, Global corporations, Financial institutions, Alternative investment firms

Vehicle Payments

major

Specialized payment solutions for vehicle-related expenses including fuel, tolls, and maintenance. These solutions utilize proprietary and third-party networks to provide granular data and spend control for fleets and consumers.

Products

Sem Parar, RFID tags, EV home-charging software, Fleet Maintenance SaaS, Prepaid food and transportation vouchers

Customers

Commercial fleets, Public sector entities, Consumers, Leasing companies, Vehicle OEMs

Lodging Payments

moderate

Manages lodging costs and bookings for businesses with high-volume travel needs. It leverages negotiated rates and proprietary data systems to streamline hotel management for specific industry verticals.

Products

Workforce Lodging, Airline Crew Layover Automation, Insurance Emergency Housing

Customers

Airlines, Cruise lines, Insurance carriers, Workforce travel programs

Other

minor

Includes ancillary payment services such as gift card program management and payroll card solutions that operate outside the core business segments.

Products

Gift Card Program Management, Reloadable Payroll Cards

Customers

Retailers, Employers, Unbanked employees

Segment Financials

Corporate Payments — Processing

Corporate Payments — CapEx

Corporate Payments — Selling

Vehicle Payments — Processing

Vehicle Payments — CapEx

Vehicle Payments — Selling

Lodging Payments — Processing

Lodging Payments — Selling

Lodging Payments — Operating Income

Corporate Payments — Other Operating Income

Corporate Payments — Revenues, net

Business Overview

Competitive Position

A leading global provider of specialized corporate payment solutions with a significant competitive advantage derived from proprietary merchant acceptance networks and deep ERP integrations.

Geographies

North America, Brazil, United Kingdom, Europe, Australia

Customer Segments

Enterprise, SME, Government, Consumer

Upstream Dependencies

Card networks (Mastercard, VISA), Correspondent banks, Energy companies, Cloud infrastructure providers, Credit bureaus

Downstream Customers

Corporate finance departments, Fleet managers, Airline operations, Insurance adjusters, Retail consumers

Competitors & Partners

Competitors

U.S. Bancorp

USB

Competitor via Voyager Fleet Systems

American Express

AXP

Competitor in corporate payments and travel management

WEX

WEX

Direct competitor in vehicle and fleet payment solutions

BILL Holdings

BILL

Competitor in SMB AP automation

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Partners

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Primary network provider for virtual cards, payroll cards, and US vehicle payments

Visa

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Third-party payment network provider

A

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Fuel partner for program management services

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Insurance partner for auto insurance services

SAP

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ERP integration partner

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Subsidiaries

C

Comdata Inc.

Provider of payroll cards and fleet payment solutions

Corpay FAQ

Common questions about Corpay

Corpay is a global corporate payments company that provides a comprehensive suite of digital spend management and automated payment solutions. The company helps businesses and consumers manage expenses through accounts payable automation, cross-border foreign exchange, and specialized vehicle and lodging payment programs. Its core value proposition centers on replacing manual, paper-based processes with digitized controls that reduce unauthorized spending and improve operational efficiency.

Corpay (CPAY) has a market capitalization of $22.8B and trades on NYSE.

Corpay generated $4.8B in trailing twelve-month revenue with net income of $1.2B, representing a net margin of 24.6%, with free cash flow of $1.6B. These figures are based on the Q1 2026 filing.

Corpay's key competitors include U.S. Bancorp, American Express, WEX, and others. These companies compete in similar markets and product categories.

Corpay has approximately 10,500 employees.