Corpay, Inc. (CPAY) is a Technology stock trading at $407.92 (as of 2026-09-15), with a market capitalization of $26.77B and a trailing P/E of 23.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Corpay, Inc. provides payment solutions for vehicle-related and travel expenses and for corporate payments. Its offerings include vehicle payment products, prepaid vouchers/cards for food and transportation, and accounts payable and virtual card solutions, serving customers across the U.S. and internationally, including business and payment network clients.
Corpay helps businesses and consumers manage vehicle expenses (fuel, tolls, parking, fleet maintenance) and corporate payments (AP automation, virtual cards, cross-border) across the U.S., Brazil, and the UK. It earns processing fees on each transaction and interest on the float between paying its customers and settling with merchants, creating a high-fee, low-churn recurring revenue base.
Every dollar that flows through a Corpay fuel card or virtual payment card generates two profit streams simultaneously: a processing fee and interest on the float, which is why a 50 percent operating margin is achievable on what looks like a thin-fee payments business.
Business quality (Strong): 50% operating margin, 92% customer retention, 33% ROE, and 25% revenue growth together signal a compounding, low-churn franchise with embedded pricing power. The main quality question is how much of that margin depends on the floating interest rate environment.
Valuation: Trades at 23× trailing earnings · $27.1B market cap.
| Price | $407.92 |
| Market Cap | $26.77B |
| P/E Ratio | 23.5 |
| EV / EBITDA | 14.7 |
| Price / Book | 7.46 |
| Price / Sales | 5.33 |
| FCF Yield | 6.1% |
| DCF Value (model) | $99.11 |
| DCF Upside vs Price | -75.7% |
| Revenue (TTM) | $4.53B |
| Net Margin | 23.6% |
| Return on Equity | 32.2% |
| Debt / Equity | 4.22 |
| Current Ratio | 0.97 |
| Revenue Growth (YoY) | 21.5% |
| EPS Growth (YoY) | -6.9% |
| FCF Growth (YoY) | 30.2% |
| Altman Z-Score | 1.69 (distress) |
| Stock P/E | 23.5 |
| Sector P/E (Technology) | 30.8 |
| Industry P/E (Business Services) | 25.7 |
| vs Sector | -23.9% |
| vs Industry | -8.7% |
| Top Institutional Holder | VANGUARD GROUP INC ($2.45B) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 10 |
| Sector | Technology |
| Industry | Business Services |
| CEO | Ronald F. Clarke |
| Employees | 11,200 |
| Country | US |
| IPO Date | 2010-12-15 |
Data as of 2026-09-15.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.