CPAY
CORPAY, INC.
Next earnings Aug 3, 2026 (after close) · consensus $6.68 EPS, $1.32B rev
Last earnings +0.1% on 2026-05-07
$352.46
▲ +5.11%$352.46▲ +7.77%
over 1Y
L $255.00H $364.13
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+5.1%
1W+8.2%
1M-2.0%
3M+20.2%
YTD+17.3%
1Y+7.8%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 22 analysts
Buy
High-margin corporate-payments compounder growing double digits at a reasonable 23x P/E; leverage is the main watch-item.
Revenue (FY2025) $4.53B · FY2025
The read
Quality fundamentals and an attractive price line up (~18% below fair value) — the rarer case where both the business and the entry look good.
Corpay is a high-quality corporate-payments compounder. FY2025 revenue grew 13.9% to $4.53B, the fifth straight year of growth (from $2.83B in FY2021), and operating income rose 11.6% to $1.99B for a striking 44.0% operating margin and 23.6% net margin. Return on equity of 27.5% confirms genuinely productive capital, and the business model — accounts-payable automation, cross-border FX, commercial cards and vehicle/fuel payments — is asset-light and scalable, addressing what management frames as a ~$145 trillion annual B2B payments opportunity.
Valuation is undemanding for the quality on offer: at $345.28 the stock trades at 23.0x FY diluted EPS of $15.03 and 5.2x sales, modest for a franchise compounding earnings double-digits with mid-50s adjusted EBITDA margins. Management continues to shrink the share count (down 3.1% YoY) via $783M of buybacks, accreting per-share value. Retained earnings of $10.3B and $2.41B of cash give optionality.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:40 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.83B | $3.43B | $3.76B | $3.97B | $4.53B |
| Gross profit | — | — | — | — | — |
| Operating income | $1.24B | $1.45B | $1.66B | $1.79B | $1.99B |
| Net income | $839M | $954M | $982M | $1.00B | $1.07B |
| Diluted EPS | $9.99 | $12.42 | $13.20 | $13.97 | $15.03 |
| Net margin | 29.6% | 27.8% | 26.1% | 25.3% | 23.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$34.0B
EV / EBITDA14.2
EV / Sales7.5
EV / FCF26.2
P / FCF17.7
PEG (trailing)3.56
Earnings yield4.6%
FCF yield5.6%
Quality & risk
ROIC (est.)9.1%
Free cash flow$1.30B
Total debt$13.3B
Net cash-$10.9B
Piotroski F-Score5/8
Capital returns
Buyback yield3.4%
Dividend yield (est.)—
Shareholder yield3.4%
Shares Δ YoY-3.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗4Period ending 2026-06-152026-06-16open ↗4Period ending 2026-06-022026-06-15open ↗144Filing2026-06-15open ↗4Period ending 2026-06-112026-06-12open ↗144Filing2026-06-11open ↗4Period ending 2026-05-272026-05-29open ↗4Period ending 2026-05-282026-05-29open ↗144Filing2026-05-29open ↗144Filing2026-05-28open ↗144Filing2026-05-27open ↗4Period ending 2026-05-212026-05-22open ↗8-KPeriod ending 2026-05-212026-05-22open ↗
Frequently asked
- Is CORPAY, INC. (CPAY) a buy?
- CPAY currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. High-margin corporate-payments compounder growing double digits at a reasonable 23x P/E; leverage is the main watch-item.
- What is CPAY's fair value?
- A Modified-Graham model based on CPAY's SEC fundamentals estimates a fair value of about $414.69. It is an estimate from reported earnings, not a price target.
- Is CPAY overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, CPAY currently appears undervalued relative to its SEC-grounded earnings power.
- What is CORPAY, INC.'s quality score?
- CPAY scores 79.52628812712958/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001175454, latest 10-Q filed 2026-05-08) · EODHD · Proprietary analysis · as of 6/21/2026, 8:40:42 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.