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Provides corporate payment and expense-management solutions, including fuel cards, cross-border payments and accounts-payable automation for businesses.
Provides corporate payment and expense-management solutions, including fuel cards, cross-border payments and accounts-payable automation for businesses.
Earns fees from merchants that accept its cards and from fleet customers, plus a margin on currency exchange in its cross-border payments business, which carries much of the growth. Revenue is therefore sensitive to fuel prices and exchange-rate swings. It was named FleetCor until 2024.
Moat: narrow (network effects, switching costs, scale). Merchant/fuel-network acceptance and embedded payment workflows create switching costs for corporate customers.
Headquarters: Atlanta, Georgia, USA · Founded: 2000 · Employees: 11,800
Size Corpay (CPAY) is a United States Financials company (Miscellaneous Commercial Services) with a market value of $29.9B, the 365th largest of 3,117 United States companies the cockpit tracks. Shares closed at $455.16 on 6 Nov 2026.
Performance Over six months the shares gained 32.3%, against +13.3% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 6 in its peer set.
Growth Revenue grew 20.4% over the last twelve months (peer median +7.0%); the operating margin is 45.8% (peer median 19.9%).
Valuation It trades at 14.7× forward earnings against a peer median of 16.9× (3rd cheapest of 6).
Short interest Short interest is 5.3% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.02B | $4.53B | $3.97B | $3.76B | $3.43B |
| Revenue growth | — | +14% | +6% | +10% | — |
| Gross profit | $3.67B | $3.29B | $2.86B | $2.73B | $2.47B |
| EBITDA | $2.74B | $2.47B | $2.15B | $2.03B | $1.79B |
| Net income | $1.13B | $1.07B | $1.00B | $982M | $954M |
| Free cash flow | $1.64B | $1.30B | $1.77B | $1.95B | $603M |
| Capital expenditure | $209M | $201M | $175M | $154M | $151M |
| Total debt | $10.6B | $10.1B | $8.09B | $6.82B | $7.15B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Corpay CPAY | $29.9B | +32% | +20% | 46% | 14.7× | n/a |
| WEX WEX | $5.99B | +29% | +10% | 27% | 8.0× | n/a |
| American Express AXP | $215B | +2% | +10% | 21% | 16.6× | n/a |
| Edenred EDEN.PA | $6.52B | +15% | +3% | 30% | 12.0× | -8.0% |
| BILL BILL | $4.50B | +25% | +13% | 1% | 13.7× | 36.5% |
| Wise WSE | $13.2B | -23% | +20% | 22% | 17.4× | n/a |
| Flywire FLYW | $2.62B | +25% | +31% | 9% | 33.9× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CPAY | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.2% | +7.7% | 3rd highest of 6 |
| 6-month return | +32.3% | +13.3% | highest of 6 |
| Distance from 52-week high | -5.1% | -12.2% | 2nd highest of 6 |
| Revenue growth (TTM) | +20.4% | +7.0% | 2nd highest of 6 |
| Operating margin | 45.8% | 19.9% | highest of 6 |
| Forward P/E | 14.7× | 16.9× | 3rd cheapest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Corpay CPAY | United States | $29.9B | +32% | +20% | 46% | 14.7× | n/a | n/a |
| Fiserv FISV | United States | $33.4B | +13% | -2% | 19% | 8.2× | n/a | n/a |
| PayPal PYPL | United States | $49.2B | +31% | +5% | 19% | 10.1× | n/a | n/a |
| Block XYZ | United States | $51.7B | +14% | +7% | 20% | 17.1× | n/a | n/a |
| Wise WSE | United States | $13.2B | -23% | +20% | 22% | 17.4× | n/a | n/a |
| PayPay Corporation Sponsored ADR PAYP | United States | $9.97B | -24% | +29% | 24% | 16.9× | n/a | n/a |