Corpay, Inc. (CPAY)
Financials · Transaction & Payment Processing Services · US stock · S&P 500 component
$399.84
▼ -6.36 (1.57%)
Fair valueFair
$491 +22.9% to fair value
$246fair band $344–$639$737
Day's range
$394.73 – $411.80
52-week range
$252.84 – $427.46
About Corpay, Inc.
Corpay provides business payment services, including fuel cards for vehicle fleets, corporate payment solutions, lodging and cross-border payments. Customers use its products to control spending and to pay suppliers and employees. The company earns revenue from fees charged to merchants and customers, interchange on card transactions, and foreign exchange margins, so payment volumes and fuel prices influence its results.
It does not pay a dividend. Looking at the numbers, trailing revenue is $5.0 billion, and it expanded at 9.7% a year across three years. Operating margin is 43.7%, while return on invested capital is 10%. Leverage, measured as net debt to EBITDA, is 4.5 times. Taken together, these figures give an X-Ray Score of 50 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $252.84 – $427.46Volume 537,800Daily, split-adjusted
Vitals
Market cap$26.5B
52-week range$252.84 – $427.46
Volume (last day)537,800
P/E (TTM)24.3
EBIT / EV yield5.7%
Free-cash-flow yield6.2%
Dividend yieldNo dividend
Revenue (TTM)$5.0B
Net income (TTM)$1.1B
Operating margin43.7%
Return on capital9.9%
Debt incl. leases$15.1B
Cash & securities$3.2B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$491model spread $325 – $455
Fair
+22.9% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $400
Undervalued < $344Fair $344 – $639Overvalued > $639
10-year DCF (market-scaled)
$825
Peer multiples
$233
Earnings power floor (not blended)
$203
Fundamentals-adjusted multiple
$416
Growth the price implies
5.2%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Valuation
Fair
57/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield5.7%
Free-cash-flow yield6.2%
Fair value vs price1.2×
Growth
Fair
65/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)9.7%
EPS growth (3y)6.6%
Growth consistency100%
Profitability
Fair
67/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital9.9%
Operating margin43.7%
Financial health
Weak
22/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA4.5×
Interest cover5.0×
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+7.5%
Mar '25
+12.9%
Jun '25
+13.9%
Sep '25
+20.7%
Dec '25
+25.4%
Mar '26
+21.5%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.3B, diluted EPS $3.70.
Compare with peers
JKHY Jack Henry & Associate...65 PYPL PayPal Holdings, Inc.65 MA Mastercard Inc60 FISV Fiserv Inc49Other Transaction & Payment Processing Services companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 4 Average · ● 6 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldAverage
Risk models
Altman Z''Average
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Good
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldBad
Profitability
Return on invested capitalAverage
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 50/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $2.8B | $3.4B | $3.8B | $4.0B | $4.5B |
| Operating income | $1.2B | $1.4B | $1.7B | $1.8B | $2.0B |
| Net income | $839M | $954M | $982M | $1.0B | $1.1B |
| Operating cash flow | $1.2B | $755M | $2.1B | $1.9B | $1.5B |
| Operating margin | 43.8% | 42.2% | 44.1% | 45.0% | 44.0% |
| Free cash flow | $1.1B | $603M | $1.9B | $1.8B | $1.3B |
| Diluted EPS | $9.99 | $12.42 | $13.20 | $13.97 | $15.03 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
9 bullish · 4 neutral · 3 bearish
Weekly
Strongly bullish
10 bullish · 1 neutral · 1 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 400.7 | Bearish |
| EMA 10 | 399.5 | Bullish |
| SMA 20 | 397.6 | Bullish |
| EMA 20 | 399.7 | Bullish |
| SMA 50 | 404.3 | Bearish |
| EMA 50 | 396.4 | Bullish |
| SMA 100 | 382.1 | Bullish |
| EMA 100 | 382.4 | Bullish |
| SMA 200 | 351.3 | Bullish |
| EMA 200 | 361.6 | Bullish |
Oscillators (daily)
| RSI (14) | 50.11 | Neutral |
| MACD (12, 26) | -0.30 | Bearish |
| Momentum (12) | 2.89 | Bullish |
| Stochastic %K (14) | 53.23 | Neutral |
| Williams %R (14) | -46.77 | Neutral |
| CCI (20) | 82.50 | Neutral |
Pivot points (classic, last session)
S3 375.4 | S2 385.1 | S1 392.4 | Pivot 402.1 | R1 409.5 | R2 419.2 | R3 426.6 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
CPAY SEC filings
10 Aug 2026
10-QSEC EDGAR
Quarterly report
5 Aug 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
24 Jul 2026
8-KSEC EDGAR
Director or officer change
22 May 2026
8-KSEC EDGAR
Entered a material agreement; Regulation FD disclosure
12 May 2026
8-KSEC EDGAR
Regulation FD disclosure
12 May 2026
8-KSEC EDGAR
Shareholder vote results
8 May 2026
10-QSEC EDGAR
Quarterly report
7 May 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.