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Corpay

CPAY

Corpay is a global corporate payments company that provides a comprehensive suite of digital spend management and automated payment solutions.

Market cap
$22.61B-5.4%
Revenue$4.8B+18.3%
Net income$1.2B+15.7%
Free cash flow$1.6B-8.2%
EPS (diluted)$16.71+17.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$1.3B
EPS estimate$6.56

Financials

Q1 2026

Income statement

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Revenue$1.3B+25.4%
Operating income$636.2M+48.9%
Net income$350.1M+43.9%
EPS (diluted)$5.07+49.1%

Balance sheet

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Cash & equivalents$2.5B+63.2%
Total debt$10.4B+26.8%
Total equity$3.5B+1.6%
Total assets$26.7B+43.8%

Cash flow

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Operating cash flow-$56.6M+23.6%
CapEx$51.1M+14.1%
Free cash flow-$107.7M+9.4%

Valuation & ratios

Valuation

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Market cap$22.61B-5.4%
Enterprise value$30.43B+2.0%
P/E19.2×-3.6×
P/S4.7×-1.0×

Profitability

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Operating margin46.1%+1.1pp
Net margin24.6%-0.6pp

Returns & leverage

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Return on equity33.8%+3.5pp
Debt / equity+0.6×
Current ratio-0.1×

Segments

By segment

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Vehicle Payments$563.9M+18.9%
Corporate Payments$503.9M+46.0%
Lodging Payments$111.0M+0.7%
Other$82.2M+8.1%

By geography

See full
Other Countries$301.5M+58.8%

Competitors

Profile

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.

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.

GeographiesNorth America, Brazil, United Kingdom, Europe, Australia
Customer segmentsEnterprise, SME, Government, Consumer
Business modelB2B Payments, Subscription SaaS, Transaction-based, Proprietary Payment Network
SuppliersCard networks (Mastercard, VISA), Correspondent banks, Energy companies, Cloud infrastructure providers, Credit bureaus
CustomersCorporate finance departments, Fleet managers, Airline operations, Insurance adjusters, Retail consumers
Listed2010
Employees10.5K
CEORonald F. Clarke
Websitecorpay.com
FilingsSEC EDGAR

Questions, answered.

What is Corpay's market cap?
Corpay (CPAY) has a market capitalization of $22.6B and trades on NYSE.
What is Corpay's revenue and profitability?
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.
Who are Corpay's competitors?
Corpay's key competitors include WEX, Bill.com, U.S. Bancorp, and others. These companies compete in similar markets and product categories.
Who does Corpay partner with?
Corpay's notable partners include Mastercard, Visa, Arco, and others.
What subsidiaries does Corpay have?
Corpay's subsidiaries include Comdata Inc..
Where is Corpay headquartered?
Corpay is headquartered in United States of America and employs approximately 10,500 people. It has been publicly traded since 2010.