Corpay, Inc.

Corpay, Inc.

CPAYยทNYSE

$352.25

-3.3%
TechnologySoftware - Infrastructure

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 solutions; and purchasing and 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. 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.

At a Glance

Live Snapshot
Market Cap$23.02B
EPS15.2500
P/E Ratio23.10
Earnings Date08/05/2026
3Y+99.0%
5Y+2.0%
10Y+112.0%
3Y-433.0%
5Y-1255.0%
10Y-188.0%
3Y-602.0%
5Y-210.0%
10Y+107.0%
CPAY

Corpay, Inc. Cash Conversion Engine

CPAY ยท NYSE
Net Income1.07B
Depreciation & Amortization393.30M
Stock-Based Compensation102.64M
Change in Working Capital-162.42M
Others122.34M
Capital Expenditures-200.76M
Free Cash Flow1.30B

Cash Flow Quality Analysis

FCF Conversion Rate

121.2%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

13.4%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-26.4%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$162.42M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

Corpay, Inc. Cash Flow Statement

CPAY โ€ข NYSE

Corpay, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013
OPERATING ACTIVITIES
1.1B
1B
981.9M
954.3M
839.5M
704.2M
895.1M
811.5M
740.2M
452.4M
362.4M
368.7M
284.5M
393.3M
351.1M
336.6M
322.3M
284.2M
254.8M
274.2M
274.6M
264.6M
198.1M
190.2M
107.2M
66.2M
-27.9M
-64.7M
-46.7M
-33.2M
11M
15.7M
37.9M
-2.8M
-247.7M
-28.7M
30.6M
41.7M
-5.5M
102.6M
116.7M
116.1M
121.4M
80.1M
43.4M
61M
69.9M
93.3M
63.9M
90.1M
37.6M
26.7M
122.3M
85.9M
119.3M
142.4M
60.2M
133M
83.4M
-65.2M
-66.8M
84.3M
61.9M
-29.5M
-7.1M
(0.0)
(374M)
(408.3M)
(358.2M)
(229.7M)
(165.3M)
(200.5M)
(207.5M)
(392.2M)
(102M)
(83.4M)
(79.1M)
(99.3M)
-162.4M
447.9M
593.9M
-752.5M
-77.9M
321.5M
-189.5M
-184.7M
-103.5M
-61.8M
19.3M
82.5M
10.9M
1.5B
1.9B
2.1B
754.8M
1.2B
1.5B
1.2B
903.4M
680.1M
708.2M
754.6M
608.3M
375.7M
INVESTING ACTIVITIES
-200.8M
-175.2M
-153.8M
-151.4M
-111.5M
-78.4M
-75.2M
-81.4M
-70.1M
-59M
-41.9M
-27.1M
-20.8M
(1.9B)
-636.4M
-231.3M
-216.9M
-602.1M
-80.8M
-448.3M
(77.9M)
-388.8M
-1.3B
-49.1M
-2.4B
-728.3M
0.0
0.0
0.0
0.0
0.0
53M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-505.7M
4.1M
4.4M
0.0
-2.3M
0.0
-255K
-22.8M
-39M
1.4M
-8.5M
-171.2M
0.0
(1.2B)
-807.5M
-380.7M
-368.3M
-715.9M
-106.2M
-523.7M
-26.3M
-497.8M
-1.4B
-99.4M
-2.6B
-749.1M
FINANCING ACTIVITIES
-715M
-859.8M
-573.1M
-1.4B
-1.3B
-713.1M
-526M
-903M
-357.7M
-166.4M
19.9M
29.6M
30.4M
2B
1.3B
-322.4M
1.1B
1.7B
-700.7M
218.6M
329.2M
622.1M
923.4M
-651.9M
2.1B
389.1M
-782.8M
-1.3B
-686.9M
-1.4B
-1.4B
-849.9M
-694.9M
-958.7M
-402.4M
-187.7M
(0.0)
(0.0)
(0.0)
299.1M
-6.5M
-2.7M
-10.6M
-39.7M
-3M
-2.8M
-4M
-12.5M
-2.9M
-16.1M
12.1M
16.2M
1.6B
405M
-898.2M
-311.2M
343.9M
-1.4B
-310.2M
-577.8M
251.9M
754M
-648.1M
2.2B
435.7M
CASH FLOW SUMMARY
246.6M
-223.3M
30.2M
-36.7M
-51M
-148.2M
-17.9M
-65.3M
52.9M
-43.5M
-37M
-37.5M
-7.8M
4.5B
1.3B
852.4M
38.5M
774.1M
-198.6M
310.3M
234M
487.1M
29.1M
-29.9M
139M
54.5M
4.5B
3.1B
2.3B
2.3B
1.5B
1.7B
1.4B
1.1B
643.8M
447.2M
477.1M
338.1M
283.6M
9B
4.5B
3.1B
2.3B
2.3B
1.5B
1.7B
1.4B
1.1B
643.8M
447.2M
477.1M
338.1M
1.3B
1.8B
1.9B
603.4M
1.1B
1.4B
1.1B
822M
610M
649.2M
712.7M
581.3M
354.9M

SEC Filings

CPAY - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 22, 2026
May 21, 2026
2026
8-K

8-K 2026

N/A

May 12, 2026
May 07, 2026
2026
8-K

8-K 2026

N/A

May 12, 2026
May 12, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
8-K

8-K 2026

N/A

April 27, 2026
April 27, 2026
2026
DEF 14A

DEF 14A 2025

N/A

April 10, 2026
December 31, 2025
2025
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 26, 2026
February 26, 2026
2026
8-K/A

8-K/A 2025 (Amended)

N/A

February 05, 2026
October 31, 2025
2025
Showing 1 to 10 of 247 filings