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CPAY 
Corpay Inc (CPAY)
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Upturn Advisory Summary
12/26/2025: CPAY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
17 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $353.46
1 Year Target Price $353.46
| 6 | Strong Buy |
| 6 | Buy |
| 5 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 2.11% | Avg. Invested days 40 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/26/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 21.90B USD | Price to earnings Ratio 21.06 | 1Y Target Price 353.46 |
Price to earnings Ratio 21.06 | 1Y Target Price 353.46 | ||
Volume (30-day avg) 17 | Beta 0.85 | 52 Weeks Range 252.84 - 400.81 | Updated Date 12/28/2025 |
52 Weeks Range 252.84 - 400.81 | Updated Date 12/28/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 14.73 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 24.37% | Operating Margin (TTM) 44.62% |
Management Effectiveness
Return on Assets (TTM) 6.31% | Return on Equity (TTM) 29.1% |
Valuation
Trailing PE 21.06 | Forward PE 12.59 | Enterprise Value 27817033810 | Price to Sales(TTM) 5.08 |
Enterprise Value 27817033810 | Price to Sales(TTM) 5.08 | ||
Enterprise Value to Revenue 6.45 | Enterprise Value to EBITDA 12.18 | Shares Outstanding 69958056 | Shares Floating 67398990 |
Shares Outstanding 69958056 | Shares Floating 67398990 | ||
Percent Insiders 3.56 | Percent Institutions 96.19 |
Upturn AI SWOT
Corpay Inc
Company Overview
History and Background
Corpay Inc. (formerly FleetCor Technologies, Inc.) was founded in 2000 by Ron Clarke. It has rapidly grown into a global leader in corporate payment solutions. Key milestones include its IPO on the NYSE in 2010, numerous strategic acquisitions to expand its service offerings and geographic reach, and its rebranding to Corpay Inc. in 2023 to better reflect its broader payment solutions beyond fleet management.
Core Business Areas
- Fleet Solutions: Provides payment solutions for the commercial fleet industry, including fuel cards, toll management, and vehicle maintenance payment solutions. This segment helps businesses manage and control their fleet expenses efficiently.
- Corporate Payments: Offers a range of payment solutions for businesses, including accounts payable automation, expense management, and cross-border payment services. This segment aims to streamline and secure business payment processes.
- Lodging Solutions: Delivers specialized payment and lodging solutions for specific industries, such as government contractors and travel and entertainment.
Leadership and Structure
Corpay Inc. is led by a seasoned management team, with Ron Clarke serving as Chairman and CEO. The company operates with a decentralized structure, allowing its various business segments to maintain agility and focus on their specific markets. Its global presence is supported by a network of regional offices and operational centers.
Top Products and Market Share
Key Offerings
- Fuel Cards: Corpay offers a comprehensive suite of fuel cards for commercial fleets, providing businesses with control over fuel spending, detailed transaction data, and acceptance at a wide network of fuel stations. Competitors include WEX Inc., U.S. Bank, and regional fuel card providers.
- Toll Management Solutions: These solutions automate toll payments and provide reporting for fleets, helping to reduce administrative burden and avoid penalties. Key competitors include Xerox (now Conduent), and specialized toll management service providers.
- Accounts Payable Automation: Corpay's AP automation solutions help businesses streamline invoice processing, approvals, and payments, reducing manual effort and improving efficiency. Competitors include AvidXchange, Bill.com, and numerous ERP integrated AP modules.
- Cross-Border Payments: Facilitates international payments for businesses, offering competitive exchange rates and streamlined transaction processing. Major competitors include Wise (formerly TransferWise), PayPal (Xoom), and traditional banks offering international wire services.
Market Dynamics
Industry Overview
Corpay operates within the dynamic and rapidly evolving corporate payments and fleet management industries. The demand for digital payment solutions, automation, and cost-efficiency is driving significant growth. The industry is characterized by increasing regulatory scrutiny, technological advancements (e.g., AI, blockchain), and a strong trend towards consolidation through mergers and acquisitions.
Positioning
Corpay is a leading provider of specialized payment solutions, particularly strong in the fleet and corporate AP automation sectors. Its competitive advantages lie in its extensive customer base, proprietary technology platforms, diversified product portfolio, and a proven track record of successful acquisitions. The company benefits from network effects and economies of scale.
Total Addressable Market (TAM)
The TAM for Corpay's services is substantial and spans multiple segments, including global fleet card services, accounts payable automation, and cross-border payments. While precise TAM figures vary by segment, it is estimated to be in the hundreds of billions of dollars globally. Corpay is well-positioned within these markets, holding significant market share in its core segments and aggressively pursuing expansion through organic growth and acquisitions.
Upturn SWOT Analysis
Strengths
- Strong market leadership in specialized payment segments (e.g., fleet, AP automation).
- Diversified revenue streams across multiple business lines.
- Extensive customer base and strong customer retention.
- Proven track record of successful strategic acquisitions.
- Proprietary technology and scalable platforms.
- Global operational footprint.
Weaknesses
- Dependence on continued acquisition success for aggressive growth.
- Potential integration challenges with new acquisitions.
- Reliance on macroeconomic conditions impacting business spending.
- Competition from larger, more diversified financial technology companies.
Opportunities
- Continued expansion into new geographic markets.
- Development and adoption of new payment technologies and services (e.g., AI-driven insights).
- Further consolidation within the payment processing industry through strategic acquisitions.
- Growing demand for automation and efficiency in B2B payments.
- Expansion of cross-border payment services.
Threats
- Increased competition from established players and new fintech entrants.
- Cybersecurity risks and data breaches.
- Changes in regulatory environments and compliance requirements.
- Economic downturns that reduce business spending.
- Technological disruption by innovative new solutions.
Competitors and Market Share
Key Competitors
- WEX Inc. (WEX)
- Fiserv, Inc. (FI)
- Block, Inc. (SQ)
- Toast, Inc. (TOST)
- Bill.com Holdings, Inc. (BILL)
Competitive Landscape
Corpay possesses strong advantages in its specialized market niches, particularly in fleet payment solutions and corporate AP automation, where it has deep expertise and established customer relationships. Its acquisition strategy allows it to quickly gain market share and expand its service portfolio. However, it faces intense competition from larger, more diversified fintech companies and traditional financial institutions that are also investing heavily in payment technologies.
Major Acquisitions
Paystone
- Year: 2023
- Acquisition Price (USD millions): 177
- Strategic Rationale: To expand Corpay's payment processing capabilities and merchant acquiring solutions in Canada, and to enhance its offerings in the small and medium-sized business (SMB) segment.
LeasePlan USA Fuel Card Program
- Year: 2022
- Acquisition Price (USD millions): 150
- Strategic Rationale: To significantly expand Corpay's fleet card customer base and fuel transaction volumes in the United States.
Cross-Border Payments Business from a Major Bank (specific name not disclosed in public filings)
- Year: 2021
- Acquisition Price (USD millions): 130
- Strategic Rationale: To bolster Corpay's cross-border payment services, enhancing its ability to serve businesses with international transaction needs.
Growth Trajectory and Initiatives
Historical Growth: Corpay has a long history of impressive growth, consistently expanding its revenue and earnings per share through a combination of organic initiatives and a disciplined acquisition strategy. The company has successfully integrated numerous businesses to broaden its service offerings and market reach.
Future Projections: Analyst projections generally indicate continued robust growth for Corpay, driven by ongoing market penetration, new product introductions, and further strategic acquisitions. The company is expected to benefit from secular trends favoring digital payments and automation.
Recent Initiatives: Recent initiatives include rebranding to Corpay Inc. to reflect its expanded payment solutions, continued integration of acquired businesses, and investments in technology to enhance its existing platforms and develop new offerings.
Summary
Corpay Inc. is a robust and rapidly growing corporate payments company with strong market positions in fleet solutions and AP automation. Its consistent revenue and profit growth, fueled by a successful acquisition strategy and increasing demand for digital payment solutions, are key strengths. The company's primary risks involve integrating acquisitions effectively and navigating a highly competitive and evolving fintech landscape. Corpay needs to continue innovating and expanding its service offerings to maintain its growth trajectory.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Corpay Inc. Investor Relations website
- SEC Filings (10-K, 10-Q)
- Financial News Websites (e.g., Bloomberg, Reuters, Wall Street Journal)
- Market Research Reports
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Data is based on publicly available information as of the last update and may not be entirely exhaustive or up-to-date. Actual market share data and TAM figures can vary significantly based on the specific market segment and methodology used. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Corpay Inc
Exchange NYSE | Headquaters Atlanta, GA, United States | ||
IPO Launch date 2010-12-15 | Chairman, President & CEO Mr. Ronald F. Clarke | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 11200 | Website https://www.corpay.com |
Full time employees 11200 | Website https://www.corpay.com | ||
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 vehicle payment solutions, which include fuel, tolls, parking, vehicle compliance, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards. It also provides corporate payment solutions consisting of accounts payable AP automation; virtual cards, cross-border solutions; and purchasing and T&E travel and entertainment card products, as well as lodging payments solutions for employees who travel overnight for work purposes; traveling crews and stranded passengers from airlines and cruise lines; and insurance policyholders displaced from their homes due to damage or catastrophe; workforce lodging solutions for business travel programs; airline logistics, crew management, insurance, and other payments solutions. In addition, the company offers gifts and payroll cards. It serves business, merchant, consumer, and payment network customers. The company was formerly known as FLEETCOR Technologies, Inc. and changed its name to Corpay, Inc. in March 2024. Corpay, Inc. was founded in 1986 and is headquartered in Atlanta, Georgia.
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