Corpay, Inc. (CPAY)

NYSE: CPAY · IEX Real-Time Price · USD
268.26
+2.00 (0.75%)
Jul 2, 2024, 4:00 PM EDT - Market closed
0.75%
Market Cap 18.85B
Revenue (ttm) 3.79B
Net Income (ttm) 996.82M
Shares Out 70.27M
EPS (ttm) 13.44
PE Ratio 19.96
Forward PE 13.23
Dividend n/a
Ex-Dividend Date n/a
Volume 430,900
Open 267.69
Previous Close 266.26
Day's Range 264.87 - 271.46
52-Week Range 220.39 - 319.94
Beta 1.22
Analysts Buy
Price Target 334.50 (+24.69%)
Earnings Date Aug 6, 2024

About CPAY

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, 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 automation; virtual cards, cross-border soluti... [Read more]

Sector Technology
IPO Date Dec 15, 2010
Employees 10,500
Stock Exchange NYSE
Ticker Symbol CPAY
Full Company Profile

Financial Performance

In 2023, Corpay's revenue was $3.76 billion, an increase of 9.65% compared to the previous year's $3.43 billion. Earnings were $981.89 million, an increase of 2.89%.

Financial numbers in USD Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for CPAY stock is "Buy." The 12-month stock price forecast is $334.5, which is an increase of 24.69% from the latest price.

Price Target
$334.5
(24.69% upside)
Analyst Consensus: Buy
Stock Forecasts

News

GPS Capital Markets Enters into Agreement to be Acquired by Corpay

SALT LAKE CITY, June 19, 2024 (GLOBE NEWSWIRE) -- GPS Capital Markets, LLC, a leading fintech firm offering corporate foreign exchange services, announced entering into a definitive agreement to be ac...

12 days ago - GlobeNewsWire

Corpay to Acquire Cross-Border Payments Company

ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a global corporate payments company, today announced that it has signed a definitive agreement to acquire GPS Capital Markets, LLC. GPS provides bu...

13 days ago - Business Wire

Brazilian Fintech Celcoin Announces US$125 Million Investment Led by Summit Partners

SÃO PAULO--(BUSINESS WIRE)--Celcoin, a leading company in the Banking as a Service (BaaS) financial technology market, today announced a US$125 million investment led by global growth equity investor ...

Other symbols: ESMT
14 days ago - Business Wire

Corpay Cross-Border Continues Global Expansion with Launch of New Office in New Zealand

TORONTO--(BUSINESS WIRE)--Corpay, Inc.*, (NYSE: CPAY), a global leader in corporate payments, is pleased to announce the latest expansion of its Cross-Border business with the establishment of a new o...

15 days ago - Business Wire

Corpay Expands Business Card Solutions With New Corpay World Elite Business Mastercard®

ATLANTA--(BUSINESS WIRE)--The Corpay World Elite Business Mastercard is the ultimate tool for business transactions, elevating employee travel and purchasing capabilities.

Other symbols: MA
27 days ago - Business Wire

Paymerang Says Acquisition by Corpay Will Help Create Jobs

Paymerang said the planned acquisition of the company by Corpay will help Paymerang continue its mission and create new jobs. The provider of accounts payable (AP) automation solutions shared the news...

7 weeks ago - PYMNTS

Corpay to Participate in Upcoming Investor Conferences

ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY) a global leader in corporate payments, today announced that the Company will participate in the following investor conferences: On Wednesday, May 1...

7 weeks ago - Business Wire

Aldrich Capital Partners Announces Sale of Paymerang to Corpay

MCLEAN, Va. , May 8, 2024 /PRNewswire/ -- Aldrich Capital Partners (ACP), a McLean-based growth equity firm, today announced the signing of definitive agreement for the sale of its portfolio company P...

7 weeks ago - PRNewsWire

Corpay Reports First Quarter 2024 Financial Results

ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a leader in corporate payments, today reported financial results for its first quarter ended March 31, 2024. “Our results were in-line with our exp...

7 weeks ago - Business Wire

Corpay to Acquire a Full AP Corporate Payments Company

ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a leading corporate payments company, today announced that it has signed a definitive agreement to acquire Paymerang, a leader in accounts payables...

7 weeks ago - Business Wire

Spirit Airlines Optimizes Baggage Operations and Reduces Costs with TA Ramp

MIAMI--(BUSINESS WIRE)--TA Connections advanced camera scanning technology has transformed the baggage ramp for Spirit Airlines Service Agents.

Other symbols: SAVE
2 months ago - Business Wire

Corpay to Announce First Quarter 2024 Results on May 8, 2024

ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY) a global leader in corporate payments, today announced that the Company will host a conference call to discuss first quarter 2024 financial results...

2 months ago - Business Wire

Corpay Cross-Border Appoints Oliver Morris as new Head of Institutional Fund Services, EMEA

TORONTO--(BUSINESS WIRE)--Corpay1 (NYSE: CPAY), a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has appointed private equity and fund administration i...

3 months ago - Business Wire

FLEETCOR Announces Rebranding to Corpay

ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT) (“the Company”) a leading global payments Company, announced today it has rebranded the Company Corpay, Inc. The name change better re...

3 months ago - Business Wire

FLEETCOR Invests in Brazilian Vehicle Payments Company

ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the closing of a majority investment in Zapay. The investment further sca...

4 months ago - Business Wire

FLEETCOR to Participate in Upcoming Investor Conferences

ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced that the Company will participate in the following investor conferences: ...

4 months ago - Business Wire

Tiger Global slashes stakes in Magnificent Seven while piling into semiconductor makers

Tiger Global has slashed its positions in four of the five Magnificent Seven tech stocks that account for almost half of its portfolio, while upping its stake in Amazon.com and piling into semiconduct...

4 months ago - Market Watch

Business payments firm Fleetcor profit rises on higher spending

Business payments firm Fleetcor Technologies posted a 9% jump in its fourth-quarter adjusted profit on Wednesday, helped by higher spending from its customers.

5 months ago - Reuters

FLEETCOR® Upsizes Credit Facility by $600 million; Establishing 10b5-1 Plan to Repurchase Shares

ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced that it successfully closed on an amendment to its pro rata Term Loan A a...

5 months ago - Business Wire

FLEETCOR® Reports Fourth Quarter and Full Year 2023 Financial Results

ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today reported financial results for its fourth quarter and year ended December 31, 2023....

5 months ago - Business Wire

FLEETCOR Technologies to Announce Fourth Quarter and Fiscal Year 2023 Results on February 7, 2024

ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company (“FLEETCOR”), today announced that the Company will host a conference call to discuss four...

5 months ago - Business Wire

Corpay Cross-Border Named the Official FX Partner for Cricket Ireland

TORONTO--(BUSINESS WIRE)--Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with C...

6 months ago - Business Wire

Corpay Cross-Border Expands Global Presence with a New Office in Chennai, India

TORONTO--(BUSINESS WIRE)--Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is thrilled to announce the latest expansion of Corpay's Cross-Border business with the opening...

7 months ago - Business Wire

Corpay Cross-Border Appoints Andrew Shortreid as new SVP Global Institutional Sales

TORONTO--(BUSINESS WIRE)--Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay's Cross-Border business has appointed investment management ...

7 months ago - Business Wire

Corpay Cross-Border Appoints Roy Farah as new SVP Global Payment Solutions

TORONTO--(BUSINESS WIRE)--Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay's Cross-Border business has appointed industry veteran, Roy ...

7 months ago - Business Wire