Corpay Inc

Corpay Inc

CPAY · NYSE · Technology / Software - Infrastructure

462.22USD+6.21 (+1.36%)

Price History

Full chart

Market Stats

Previous Close456.01
Open459.44
Day Range458.66 – 465.32
52-Week Range252.84 – 427.46
Volume310.30K
Market Cap26.82B
P/E (TTM)24.83
Forward P/E12.77
EPS16.45
Dividend Yield0.00%
Beta0.89
50-Day Avg404.47
200-Day Avg353.75

About

Corpay, Inc. operates as a payments company that helps businesses and consumers to manage and pay their expenses.It operates through Corporate Payments, Vehicle Payments, Lodging Payments, and Other segments. The company offers vehicle payment solutions for fuel, tolls and parking, vehicle compliance, auto insurance and road assistance, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards. It also provides corporate payment solutions, such as cross-border payments, spend management solutions, AP modernization, virtual cards, and purchasing and T&E cards. Additionally, it offers lodging payments solutions for employees who travel overnight for work purposes; traveling crews and stranded passengers from airlines and cruise lines; workforce lodging solutions for business travel programs; airline logistics, crew management, insurance, and other payments solutions. Further, 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 June 2002. Corpay, Inc. was founded in 1986 and is headquartered in Atlanta, Georgia.

Company Details

  • SectorTechnology
  • IndustrySoftware - Infrastructure
  • CEOMr. Ronald F. Clarke
  • Employees11.80K
  • Headquarters3280 Peachtree Road, Atlanta, GA, United States, 30305, USA
  • Websitehttps://www.corpay.com

Leadership

  • Mr. Ronald F. ClarkeChairman, President & CEO · b. 1956
  • Mr. Peter Walker CPAChief Financial Officer · b. 1973
  • Ms. Alissa B. VickeryChief Accounting Officer · b. 1979
  • Mr. Armando Lins NettoGroup President of Brazil Vehicle Payments & Strategic Transformation · b. 1968
  • Mr. Alan KingGroup President of Vehicle Payments in UK, Europe, Australasia and Mexico · b. 1977
  • Mr. Scott A. DufourGlobal Chief Information Officer · b. 1969
  • Mr. James P. EglsederSenior Vice President of Global Investor Relations
  • Mr. Steve C. GreeneExecutive Vice President of Corporate Development & Strategy · b. 1975
  • Mr. Chris ByrneChief Marketing Officer
  • Ms. Crystal WilliamsChief Human Resources Officer

Financials

Income Statement

Currency: USD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue895.17M1.20B1.70B1.83B2.25B2.43B2.65B2.39B2.83B3.43B3.76B3.97B4.53B
Growth (%)-+33.98%+41.98%+7.56%+22.82%+8.18%+8.85%-9.82%+18.62%+20.94%+9.65%+5.77%+13.93%
Cost of Revenue134.03M173.34M331.07M355.41M429.61M487.69M530.67M596.36M559.82M764.71M819.91M869.09M1.36B
Gross Profit761.14M1.03B1.37B1.48B1.82B1.95B2.12B1.79B2.27B2.66B2.94B3.11B3.17B
Gross Margin85.03%85.55%80.56%80.59%80.90%79.96%79.97%75.04%80.24%77.69%78.18%78.13%69.91%
Operating Expense340.51M460.60M704.26M721.98M936.16M855.10M886.75M820.23M1.03B1.22B1.28B1.32B1.21B
Operating Income420.63M565.45M667.53M754.15M883.76M1.09B1.23B972.26M1.24B1.45B1.66B1.79B1.95B
Operating Margin46.99%47.14%39.20%41.18%39.29%44.82%46.49%40.70%43.85%42.21%44.09%44.96%43.10%
EBITDA492.77M654.16M800.80M918.07M1.27B1.51B1.50B1.27B1.51B1.76B2.01B2.12B2.34B
EBITDA Margin55.05%54.54%47.03%50.13%56.25%61.98%56.71%53.04%53.17%51.43%53.50%53.32%51.65%
Net Income284.50M368.71M362.43M452.38M740.20M811.48M895.07M704.22M839.50M954.33M981.89M1.00B1.07B
Net Income Margin31.78%30.74%21.28%24.70%32.90%33.35%33.79%29.48%29.63%27.85%26.13%25.25%23.62%
R&D7.30M9.20M11.60M17.70M21.80M24.20M37.20M40.20M-----
R&D as % of Total Revenue0.82%0.77%0.68%0.97%0.97%0.99%1.40%1.68%-----
Interest Expense16.46M28.86M71.34M71.90M107.15M138.49M150.05M129.80M113.70M164.66M348.61M383.04M403.85M
Interest Expense % of Total Revenue1.84%2.41%4.19%3.93%4.76%5.69%5.66%5.43%4.01%4.80%9.28%9.64%8.92%

Balance Sheet

Currency: USD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets3.93B8.52B7.89B9.63B11.32B11.20B12.25B11.19B13.40B14.09B15.48B17.96B26.41B
Total Liabilities2.69B5.91B5.06B6.54B7.64B7.86B8.54B7.84B10.54B11.55B12.19B14.81B22.18B
Total Equity1.24B2.62B2.83B3.08B3.68B3.34B3.71B3.36B2.87B2.54B3.28B3.12B3.88B
Cash338.11M477.07M447.15M475.02M913.60M1.03B1.27B934.90M1.52B1.44B1.39B1.55B8.99B
Total Debt1.49B3.59B2.94B3.86B4.52B4.82B5.04B4.30B5.98B7.04B6.72B8.00B10.12B
Net Debt1.15B3.12B2.49B3.38B3.61B3.79B3.77B3.37B4.46B5.60B5.33B6.44B1.12B

Cash Flow

Currency: USD2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow375.69M608.33M754.58M708.22M680.06M903.38M1.16B1.47B1.20B754.80M2.10B1.94B1.50B
Investing Cash Flow-749.13M-2.59B-99.41M-1.39B-497.80M-26.27M-523.70M-106.25M-715.93M-368.35M-380.72M-807.48M1.23B
Financing Cash Flow435.73M2.16B-648.07M753.97M251.94M-577.82M-310.17M-1.42B343.93M-311.23M-898.21M404.99M1.56B
Capital Expenditure20.79M27.07M41.88M59.01M70.09M81.39M75.17M78.42M111.53M151.43M153.82M175.18M200.76M
Free Cash Flow354.90M581.26M712.71M649.21M609.97M822.00M1.09B1.39B1.09B603.37M1.95B1.77B1.30B
Dividends Paid-------0-----
FCF to OCF94.47%95.55%94.45%91.67%89.69%90.99%93.53%94.67%90.68%79.94%92.68%90.97%86.62%
Dividend Paid to FCF-------0.00%-----

Earnings

Report DateFeb 23, 2011May 12, 2011Aug 4, 2011Nov 9, 2011Feb 8, 2012May 9, 2012Aug 8, 2012Nov 8, 2012Feb 7, 2013May 2, 2013Aug 1, 2013Oct 30, 2013Feb 5, 2014May 1, 2014Jul 31, 2014Oct 30, 2014Feb 5, 2015Apr 30, 2015Aug 5, 2015Nov 4, 2015Feb 4, 2016May 4, 2016Aug 4, 2016Nov 1, 2016Feb 8, 2017May 1, 2017Aug 3, 2017Nov 1, 2017Feb 8, 2018May 3, 2018Aug 2, 2018Oct 30, 2018Feb 6, 2019May 7, 2019Aug 6, 2019Nov 6, 2019Feb 6, 2020May 7, 2020Aug 6, 2020Nov 5, 2020Feb 4, 2021May 5, 2021Aug 4, 2021Nov 3, 2021Feb 8, 2022May 5, 2022Aug 3, 2022Nov 2, 2022Feb 8, 2023May 3, 2023Aug 8, 2023Nov 8, 2023Feb 7, 2024May 8, 2024Aug 7, 2024Nov 7, 2024Feb 5, 2025May 6, 2025Aug 6, 2025Nov 5, 2025Feb 4, 2026May 7, 2026Aug 5, 2026Nov 4, 2026
EPS Estimate0.360.400.440.490.500.580.650.730.750.830.960.981.061.071.251.341.361.401.461.611.611.501.541.861.871.871.972.152.332.372.522.662.722.642.803.053.142.812.172.652.822.722.943.483.603.533.894.193.933.694.184.504.484.094.514.975.354.515.125.355.945.476.226.74
EPS Actual0.410.470.570.560.560.600.730.830.820.901.001.081.081.121.271.371.391.451.481.671.701.531.561.921.901.961.992.182.422.502.572.682.782.672.853.103.173.002.282.803.012.823.153.523.723.654.174.244.043.804.194.494.444.104.555.005.364.515.135.416.045.806.63-
Surprise13.89%17.50%29.55%14.29%12.00%3.45%12.31%13.70%9.33%8.43%4.17%10.20%1.89%4.67%1.60%2.24%2.21%3.57%1.37%3.73%5.59%2.00%1.30%3.23%1.60%4.81%1.02%1.40%3.86%5.49%1.98%0.75%2.21%1.14%1.79%1.64%0.96%6.76%5.07%5.66%6.74%3.68%7.14%1.15%3.33%3.40%7.20%1.19%2.80%2.98%0.24%-0.22%-0.89%0.24%0.89%0.60%0.19%0.00%0.20%1.12%1.68%6.03%6.59%-
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Key Statistics & Ratios

Market Cap26.82B
Enterprise Value33.26B
Trailing P/E24.83
Forward P/E12.77
PEG Ratio0.75
Price / Sales5.34
Price / Book7.28
EPS16.45
Book Value53.95
Revenue (TTM)5.02B
Gross Profit (TTM)4.04B
EBITDA2.80B
Profit Margin22.72%
Operating Margin46.92%
Return on Equity29.22%
Return on Assets6.32%
Shares Outstanding65.66M
Shares Float63.09M
Beta0.89
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 16 analystsTarget 460.33
  • Strong Buy
    8
  • Buy
    5
  • Hold
    3

Ownership Breakdown

Institutions
100.50%
Insiders
3.78%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    5.71M8.70%
  • Orbis Allan Gray Ltd
    5.41M8.24%
  • JPMorgan Chase & Co
    4.77M7.26%
  • Vanguard Capital Management, LLC
    4.16M6.34%
  • FMR Inc
    3.34M5.09%
  • State Street Corp
    2.83M4.31%
  • Boston Partners Global Investors, Inc
    2.81M4.28%
  • Vanguard Portfolio Management, LLC
    2.78M4.23%
  • T. Rowe Price Associates, Inc.
    2.45M3.74%
  • Tiger Technology Management LLC
    2.15M3.27%
  • Geode Capital Management, LLC
    1.78M2.70%
  • Amvescap Plc.
    963.15K1.47%
  • Van Lanschot Kempen Investment Management NV
    922.40K1.40%
  • Wellington Management Company LLP
    920.50K1.40%
  • SPRUCE HOUSE INVESTMENT MANAGEMENT LLC
    880.00K1.34%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    1.98M3.01%
  • Vanguard 500 Index Investor
    1.73M2.63%
  • Vanguard MStar Mid Cap Index Instl
    1.34M2.03%
  • Orbis Global Equity Investor
    1.31M2.00%
  • iShares Core S&P 500 ETF
    874.85K1.33%