Corpay (CPAY) stock
Financials · Transaction & Payment Processing Services
Corpay (CPAY) is a Transaction & Payment Processing Services company in the Financials sector, headquartered in Atlanta, Georgia. As of October 23, 2026, CPAY closed at $408.46, a market capitalization of $26.82 billion, the 345th largest company in the S&P 500. Over the last twelve months it generated $5.02 billion in revenue (+22% year over year) and $1.64 billion in free cash flow. The stock trades at 24.8x trailing earnings and 12.9x forward earnings.
- 1-year total return: +43.6% (dividends reinvested)
- 5-year return: +8.1% a year
- 52-week range: $252.84 – $427.46
- Gross margin 80.5%, operating margin 46.9%
- FI Handbook report card: A- across 10 metrics
- 58th largest of 76 Financials stocks in the S&P 500
CPAY price chart
1Y price change: +43.6% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| CPAY | +3.4% | +35.7% | +43.6% | +19.7% | +8.1% | +8.9% | +18.6% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2010.
CPAY key statistics
- Market cap
- $26.8B
- #345 in S&P 500
- P/E (TTM)
- 24.8x
- Forward P/E
- 12.9x
- EPS (TTM)
- $16.45
- Revenue (TTM)
- $5.0B
- +22%
- Free cash flow
- $1.6B
- Gross margin
- 80.5%
- Operating margin
- 46.9%
- Return on equity
- 29.2%
- Dividend yield
- None
- 52-week range
- $252.84 – $427.46
- Beta
- 0.89
- Price / sales
- 5.3x
- EV / EBITDA
- 12.4x
- Debt / equity
- 2.75x
- Employees
- 11,800
CPAY report card
A-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth21.5%A
- Gross margin80.5%A
- Operating margin46.9%A
- FCF margin32.6%A
- Return on equity29.2%A
- Net debt / EBITDA2.7xD
- Forward P/E12.9xA
- PEG ratio0.8xA
- Shareholder yield2.9%C
- Share count change / yr-3.9%A
Corpay financials
Revenue went from $1.8B in fiscal 2016 to $4.5B in fiscal 2025, growing 10.6% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B | $2.2B | $2.4B | $2.6B | $2.4B | $2.8B | $3.4B | $3.8B | $4.0B | $4.5B |
| Gross profit | $1.7B | $2.2B | — | — | — | — | — | — | — | — |
| Operating income | $754.2M | $883.8M | $1.1B | $1.2B | $972.3M | $1.2B | $1.4B | $1.7B | $1.8B | $2.0B |
| Net income | $452.4M | $740.2M | $811.5M | $895.1M | $704.2M | $839.5M | $954.3M | $981.9M | $1.0B | $1.1B |
| EPS (diluted) | $4.75 | $7.91 | $8.81 | $9.94 | $8.12 | $9.99 | $12.42 | $13.20 | $13.97 | $15.03 |
| Free cash flow | $649.2M | $610.0M | $822.0M | $1.1B | $1.4B | $1.1B | $603.4M | $1.9B | $1.8B | $1.3B |
| Buybacks | $187.7M | $402.4M | $958.7M | $694.9M | $849.9M | $1.4B | $1.4B | $686.9M | $1.3B | $782.8M |
| Diluted shares | 95.2M | 93.6M | 92.2M | 90.1M | 86.7M | 84.1M | 76.9M | 74.4M | 71.8M | 71.1M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into CPAY?
A reverse DCF asks what growth the current price requires. With an enterprise value of $34.4B and $1.6B of trailing free cash flow, Corpay needs to grow free cash flow about 11.8% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -1.4% a year over the last five years.
P/E ratio history
Current 27.2x vs. median 27.4x (10th–90th percentile 20.6x–40.9x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
CPAY analyst price targets
15 analysts' average 12-month target is $460.33 (+13% vs. $408.46). Targets range from $390.00 to $536.00. 81% rate it a buy.
CPAY earnings
Next report: November 4, 2026. Corpay has beaten EPS estimates 5 quarters in a row. Last quarter's revenue was $1.3B (+21% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 5, 2026 | $6.58 | $7.00 | +6.3% |
| May 7, 2026 | $5.47 | $5.80 | +6.0% |
| Feb 4, 2026 | $5.94 | $6.04 | +1.7% |
| Nov 5, 2025 | $5.64 | $5.70 | +1.0% |
| Aug 6, 2025 | $5.12 | $5.13 | +0.1% |
| May 6, 2025 | $4.51 | $4.51 | -0.1% |
| Feb 5, 2025 | $5.35 | $5.36 | +0.2% |
| Nov 7, 2024 | $4.97 | $5.00 | +0.5% |
Stocks like CPAY
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 V Visa | -1.55% | +19% | $765.8B | 34.7x | Compare |
 MA Mastercard | -1.52% | +9% | $546.3B | 34.3x | Compare |
 PYPL PayPal | -0.90% | -17% | $48.8B | 10.8x | Compare |
 XYZ Block | -3.24% | -3% | $45.9B | 136.5x | Compare |
 FISV Fiserv | -1.89% | -60% | $26.5B | 9.6x | Compare |
 GPN Global Payments | -3.56% | -4% | $21.9B | 38.9x | Compare |
 FIS Fidelity National Information S | -1.98% | -42% | $19.4B | 5.8x | Compare |
 JKHY Jack Henry & Associates | +0.46% | +6% | $11.4B | 22.1x | Compare |
CPAY news
- Newcastle United FX Deal Might Change The Case For Investing In Corpay Stock · Oct 22, 2026
- Corpay (CPAY) Lands Newcastle Partnership, Is The Stock Still Cheap? · Oct 22, 2026
- Payment Processor Nears Buy Point Amid Accelerating Earnings Growth · Oct 22, 2026
- CPAY or MA: Which Is the Better Value Stock Right Now? · Oct 21, 2026
- Corpay to Announce Third Quarter 2026 Results on November 4, 2026 · Oct 21, 2026
CPAY stock FAQ
What is CPAY's market cap?
Corpay's market capitalization is $26.82 billion as of October 23, 2026, ranking 345th in the S&P 500.
What is CPAY's P/E ratio?
CPAY trades at a trailing price-to-earnings ratio of 24.8x and a forward P/E of 12.9x. Its median P/E over the period we track is 27.4x.
Does CPAY pay a dividend?
No. Corpay does not currently pay a regular cash dividend.
How much has CPAY stock returned?
Including reinvested dividends, CPAY returned +43.6% over one year, +8.1% a year over five years, +8.9% a year over ten years through October 23, 2026.
Is CPAY stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Corpay must grow free cash flow about 12% a year for the next decade. Its free cash flow fell 1% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the CPAY price target?
15 analysts cover CPAY with an average 12-month price target of $460.33, +13% from the current price. 81% of them rate it a buy.
When does CPAY report earnings?
Corpay is expected to report earnings on November 4, 2026. It has beaten EPS estimates 5 quarters in a row.
How many employees does Corpay have?
Corpay has about 11,800 full-time employees, or $425,466 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology