Bessemer Group Inc. decreased its stake in shares of Corpay, Inc (NYSE:CPAY – Free Report) by 28.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,900 shares of the corporate payments company’s stock after selling 1,560 shares during the period. Bessemer Group Inc.’s holdings in Corpay were worth $1,135,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPAY. MV Capital Management Inc. purchased a new position in shares of Corpay in the 4th quarter worth $25,000. Leonteq Securities AG bought a new position in Corpay in the fourth quarter valued at about $27,000. BOKF NA lifted its holdings in Corpay by 4,700.0% in the third quarter. BOKF NA now owns 96 shares of the corporate payments company’s stock valued at $28,000 after acquiring an additional 94 shares during the period. Torren Management LLC purchased a new position in Corpay in the fourth quarter worth about $29,000. Finally, DV Equities LLC purchased a new position in Corpay in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.
Insider Buying and Selling In other Corpay news, Director Steven T. Stull sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the transaction, the director directly owned 28,241 shares in the company, valued at $10,188,787.98. This represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Armando Lins Netto sold 70,476 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the sale, the insider directly owned 11,274 shares of the company’s stock, valued at approximately $3,969,913.62. This trade represents a 86.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 88,677 shares of company stock worth $31,304,091. 5.19% of the stock is owned by insiders.
Wall Street Analyst Weigh In Several research firms have recently commented on CPAY. Morgan Stanley reaffirmed an “overweight” rating and set a $400.00 price target on shares of Corpay in a research report on Sunday, May 10th. Wolfe Research reissued an “outperform” rating and set a $450.00 price objective on shares of Corpay in a research report on Wednesday, June 3rd. Loop Capital assumed coverage on Corpay in a research report on Monday, May 18th. They set a “buy” rating and a $406.00 target price on the stock. Robert W. Baird cut their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Finally, Oppenheimer restated an “outperform” rating and issued a $388.00 price target on shares of Corpay in a research report on Friday, May 8th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Corpay presently has an average rating of “Moderate Buy” and a consensus target price of $382.54.
Read Our Latest Report on CPAY
Corpay Stock Up 1.6% Shares of CPAY stock opened at $364.63 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98. Corpay, Inc has a one year low of $252.84 and a one year high of $374.09. The company’s fifty day moving average price is $350.25 and its 200-day moving average price is $333.33. The company has a market capitalization of $23.83 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 0.98 and a beta of 0.88.
Corpay (NYSE:CPAY – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) EPS for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. The business had revenue of $5.63 million for the quarter. Sell-side analysts expect that Corpay, Inc will post 25.49 EPS for the current fiscal year.
Corpay Company Profile (Free Report)
Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.
The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.
Corpay operates as part of the broader financial technology and payment processing sector.
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ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY) the corporate payments company, today announced that the Company will host a conference call to discuss second quarter 2026 financial results on Wednesday, August 5th, 2026 at 5:30 pm ET. Hosting the call will be Ron Clarke, Chief Executive Officer, Peter Walker, Chief Financial Officer and Jim Eglseder, Investor Relations. A press release with second quarter financial results will be issued after the market close that same day. Earnings call.
Corpay, Inc., (NYSE: CPAY) the corporate payments company, today announced that the Company will host a conference call to discuss second quarter 2026 financia
Bank of New York Mellon Corp lowered its stake in Corpay, Inc (NYSE:CPAY – Free Report) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 343,074 shares of the corporate payments company’s stock after selling 8,074 shares during the quarter. Bank of New York Mellon Corp owned about 0.50% of Corpay worth $99,831,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in CPAY. Generate Investment Management Ltd increased its stake in shares of Corpay by 60.0% in the 4th quarter. Generate Investment Management Ltd now owns 120,000 shares of the corporate payments company’s stock valued at $36,112,000 after purchasing an additional 45,000 shares during the last quarter. Pensionfund Sabic bought a new stake in shares of Corpay during the 4th quarter worth $1,113,000. Louisiana State Employees Retirement System bought a new stake in shares of Corpay during the 1st quarter worth $1,048,000. Moran Wealth Management LLC boosted its stake in Corpay by 77.9% in the first quarter. Moran Wealth Management LLC now owns 37,869 shares of the corporate payments company’s stock valued at $11,020,000 after buying an additional 16,586 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in Corpay by 4,657.7% in the fourth quarter. M&T Bank Corp now owns 1,044,074 shares of the corporate payments company’s stock valued at $314,193,000 after buying an additional 1,022,129 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.
Analyst Ratings Changes A number of brokerages have recently commented on CPAY. Robert W. Baird dropped their price target on Corpay from $440.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Loop Capital assumed coverage on Corpay in a research report on Monday, May 18th. They issued a “buy” rating and a $406.00 target price for the company. Oppenheimer reissued an “outperform” rating and set a $388.00 price target on shares of Corpay in a research note on Friday, May 8th. Wolfe Research restated an “outperform” rating and set a $450.00 price target on shares of Corpay in a report on Wednesday, June 3rd. Finally, Weiss Ratings raised Corpay from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 27th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $382.54.
Check Out Our Latest Stock Analysis on CPAY
Insider Transactions at Corpay In other news, Director Steven T. Stull sold 1,000 shares of Corpay stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $360.78, for a total value of $360,780.00. Following the completion of the transaction, the director directly owned 28,241 shares of the company’s stock, valued at approximately $10,188,787.98. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Armando Lins Netto sold 70,476 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $352.13, for a total value of $24,816,713.88. Following the sale, the insider directly owned 11,274 shares of the company’s stock, valued at $3,969,913.62. This represents a 86.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 88,677 shares of company stock valued at $31,304,091. Company insiders own 5.19% of the company’s stock.
Corpay Price Performance Shares of CPAY opened at $368.87 on Tuesday. The business has a 50-day moving average of $349.53 and a 200-day moving average of $332.61. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $24.11 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 1.00 and a beta of 0.88. Corpay, Inc has a 1 year low of $252.84 and a 1 year high of $374.09.
Corpay (NYSE:CPAY – Get Free Report) last released its earnings results on Thursday, May 14th. The corporate payments company reported ($0.01) earnings per share for the quarter. The firm had revenue of $5.63 million for the quarter. Corpay had a net margin of 24.60% and a return on equity of 38.68%. As a group, equities research analysts anticipate that Corpay, Inc will post 25.49 earnings per share for the current year.
Corpay Profile (Free Report)
Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.
The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.
Corpay operates as part of the broader financial technology and payment processing sector.
Read More Five stocks we like better than Corpay The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding CPAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corpay, Inc (NYSE:CPAY – Free Report).
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Evertec (NYSE:EVTC – Get Free Report) and Corpay (NYSE:CPAY – Get Free Report) are both business services companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, profitability, valuation, risk, institutional ownership, earnings and analyst recommendations.
Analyst Recommendations This is a breakdown of recent ratings for Evertec and Corpay, as provided by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Evertec 1 3 2 0 2.17 Corpay 0 3 12 0 2.80 Evertec currently has a consensus target price of $32.75, indicating a potential upside of 8.19%. Corpay has a consensus target price of $382.54, indicating a potential upside of 4.54%. Given Evertec’s higher probable upside, equities analysts plainly believe Evertec is more favorable than Corpay.
Insider and Institutional Ownership 96.8% of Evertec shares are owned by institutional investors. Comparatively, 98.8% of Corpay shares are owned by institutional investors. 1.1% of Evertec shares are owned by insiders. Comparatively, 5.2% of Corpay shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Volatility and Risk Evertec has a beta of 0.71, meaning that its stock price is 29% less volatile than the S&P 500. Comparatively, Corpay has a beta of 0.88, meaning that its stock price is 12% less volatile than the S&P 500.
Profitability This table compares Evertec and Corpay’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Evertec 13.95% 31.40% 9.36% Corpay 24.60% 38.68% 6.46% Valuation & Earnings This table compares Evertec and Corpay”s gross revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Evertec $931.82 million 2.00 $141.59 million $2.07 14.62 Corpay $4.53 billion 5.28 $1.07 billion $16.71 21.90 Corpay has higher revenue and earnings than Evertec. Evertec is trading at a lower price-to-earnings ratio than Corpay, indicating that it is currently the more affordable of the two stocks.
Summary Corpay beats Evertec on 12 of the 14 factors compared between the two stocks.
About Evertec (Get Free Report)
EVERTEC, Inc. engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards. In addition, the company offers payment processing services that enable financial institutions and other issuers to manage, support, and facilitate the processing for credit, debit, prepaid, automated teller machines, and EBT card programs; credit and debit card processing, authorization and settlement, and fraud monitoring and control services to debit or credit issuers services. Further, it provides business process management solutions comprising core bank processing, network hosting and management, IT professional, business process outsourcing, item and cash processing, and fulfillment solutions to merchant, fintech, financial institutions, and corporate and government customers. Additionally, the company owns and operates the ATH network, a personal identification number debit networks. It manages a system of electronic payment networks that process approximately six billion transactions. The company sells and distributes its services primarily through direct sales force. It serves financial institutions, merchants, corporations, and government agencies. EVERTEC, Inc. was founded in 1988 and is headquartered in San Juan, Puerto Rico.
About Corpay (Get Free Report)
Volatus is a leader in innovative global aerial solutions for intelligence and cargo. With over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems for a wide array of industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure. The Company is committed to enhancing operational efficiency, safety, and sustainability through cutting-edge aerial technologies.
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Corpay (CPAY - Free Report) . This company, which is in the Zacks Financial Transaction Services industry, shows potential for another earnings beat.
This provider of fuel card and payment products for businesses has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 3.48%.
For the last reported quarter, Corpay came out with earnings of $5.8 per share versus the Zacks Consensus Estimate of $5.5 per share, representing a surprise of 5.45%. For the previous quarter, the company was expected to post earnings of $5.95 per share and it actually produced earnings of $6.04 per share, delivering a surprise of 1.51%.
Price and EPS Surprise
For Corpay, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Corpay currently has an Earnings ESP of +1.00%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Investors looking for stocks in the Financial Transaction Services sector might want to consider either Corpay (CPAY - Free Report) or MasterCard (MA - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Corpay and MasterCard are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. This means that CPAY's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. However, value investors will care about much more than just this.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
CPAY currently has a forward P/E ratio of 12.88, while MA has a forward P/E of 26.51. We also note that CPAY has a PEG ratio of 0.90. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. MA currently has a PEG ratio of 1.62.
Another notable valuation metric for CPAY is its P/B ratio of 6.62. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, MA has a P/B of 68.33.
Based on these metrics and many more, CPAY holds a Value grade of B, while MA has a Value grade of D.
CPAY is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that CPAY is likely the superior value option right now.
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Corpay (CPAY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Corpay is a member of the Business Services sector. This group includes 247 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Corpay is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CPAY's full-year earnings has moved 3.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CPAY has returned about 14.9% since the start of the calendar year. Meanwhile, the Business Services sector has returned an average of -9.3% on a year-to-date basis. As we can see, Corpay is performing better than its sector in the calendar year.
Another Business Services stock, which has outperformed the sector so far this year, is FirstCash Holdings (FCFS - Free Report) . The stock has returned 35.3% year-to-date.
For FirstCash Holdings, the consensus EPS estimate for the current year has increased 7.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Corpay belongs to the Financial Transaction Services industry, a group that includes 37 individual companies and currently sits at #65 in the Zacks Industry Rank. This group has lost an average of 12.4% so far this year, so CPAY is performing better in this area. FirstCash Holdings is also part of the same industry.
Investors with an interest in Business Services stocks should continue to track Corpay and FirstCash Holdings. These stocks will be looking to continue their solid performance.
Key Takeaways Corpay shares gained 17.3% in three months, outperforming its industry and the S&P 500 Composite.CPAY's 2026 revenues and EPS are expected to rise 17.3% and 25.6% y/y, respectively.Corpay's organic revenues rose 11% in Q1'26, marking a fourth straight quarter of growth. Corpay, Inc. (CPAY - Free Report) is a payments company that assists companies in controlling, simplifying and automating corporate expenses, international transactions and vendor payments.
What Makes Corpay an Attractive Pick?An Outperformer: Shares of Corpay have gained 17.3% over the past three months, outperforming the industry’s 11.5% growth and the Zacks S&P 500 Composite's10.9% rise.
3-Month Share Price Performance Image Source: Zacks Investment Research
Solid Prospects: Corpay’s top and bottom-line prospects appear impressive. For 2026, the consensus estimate for revenues is $5.3 billion, up 17.3% year over year. For the same year, EPS is expected to increase 25.6% to $26.86. The Zacks Consensus Estimate for 2027 revenues is $5.8 billion, suggesting a year-over-year growth rate of 9.2%. EPS is expected to increase 13.7% to $30.53 in 2027.
Northbound Estimate Revision: Nine estimates for 2026 moved north in the past 60 days versus no southward revision. For 2027, eight estimates moved upward versus no downward revision, reflecting analysts’ confidence in the company. The Zacks Consensus Estimate for 2026 and 2027 earnings has moved up 3.1% and 3.3%, respectively, in the past 60 days.
Positive Earnings Surprise History: CPAY has a decent earnings surprise history. The company outpaced the Zacks Consensus Estimate in the four trailing quarters, delivering an average earnings surprise of 2.1%.
Growth Factors: CPAY’s top line grows organically, backed by an upsurge in volume and revenues per transaction in its payment programs. In 2023, 2024 and 2025, the company registered year-over-year organic revenue growth of 10%, 20% and 10%, respectively, backed by sales, solid retention and business initiatives.
In the first quarter of 2026, the company witnessed 11% year-over-year growth in organic revenues. The company registered this growth for the fourth consecutive quarter. That being said, a strong first-quarter performance raises confidence for the rest of the year.
Corpay utilizes a multi-channel approach to market and sell its solutions to current and prospective customers. This go-to-market strategy involves a comprehensive digital channel, sales forces and strategic partner relationships. The omnichannel approach helps Corpay’s salespeople become more efficient by improving their prospecting efforts through digital-sourced leads.
The company conducts share repurchases actively, as evidenced by $686.9 million, $1.3 billion and $783 million worth of repurchased shares in 2023, 2024 and 2025, respectively. Such actions improve the bottom line, creating value for shareholders and boosting confidence in its business.
Corpay’s Zacks Rank & Stocks to ConsiderThe company has a Zacks Rank #2 (Buy) at present.
Some better-ranked stocks from the broader Zacks Business Services sector are Payoneer Global (PAYO - Free Report) and PagSeguro Digital (PAGS - Free Report) , currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Payoneer Global has a long-term earnings growth expectation of 34.2%. PAYO delivered a trailing four-quarter earnings surprise of 4.2%, on average.
PagSeguro Digital has a long-term earnings growth expectation of 14.9%. PAGS delivered a trailing four-quarter earnings surprise of 3.1%, on average.
Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, today announced that its Cross-Border business has entered into an agreement with Fever, a l
Providing access to currency risk management and cross-border payments solutions
TORONTO--(BUSINESS WIRE)--Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, today announced that its Cross-Border business has entered into an agreement with Fever, a leading global live-entertainment discovery and ticketing platform that specializes in immersive experiences, candlelit concerts, and interactive pop-up events. Under the agreement, Corpay becomes Fever’s exclusive and Official Global Foreign Exchange (FX) Partner.
Through this partnership, Fever’s global operations across North America, Mexico, the UK, EMEA, and APAC will be able to leverage Corpay Cross-Border’s innovative solutions to help manage foreign exchange exposure arising from day-to-day business activities.
“Fever represents the future of global live entertainment and event ticketing technology, and we are honoured to be named their exclusive and Official FX Partner,” said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. “This partnership reinforces our position as the leading provider of corporate payments and currency risk management solutions within the live entertainment industry, while also expanding our global partnership program into the event ticketing space. We look forward to supporting Fever as they continue to grow their global operations.”
“With operations spanning more than 50 countries, effective foreign exchange management is critical to supporting Fever's continued growth. Corpay brings the expertise and scale we need to optimize our FX operations as we expand globally and continue connecting millions of people with unforgettable live experiences around the world,” said Raúl Lara, Chief Financial Officer, Fever.
About Corpay
Corpay, Inc. (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings) and payables (e.g. paying vendors). This results in our customers saving time and ultimately spending less. Corpay Cross-Border refers to a group of legal entities owned and operated by Corpay, Inc.
Corpay – Payments made easy. To learn more visit www.corpay.com.
About Fever
Fever is the world’s leading tech platform for discovering culture and live entertainment, inspiring over 100 million people last year to discover the best experiences in over 40 countries. With a mission to democratize access to culture and entertainment in real life, Fever inspires users to enjoy unique experiences and events—from immersive exhibitions and sports to interactive theatrical performances, concerts, and festivals—while empowering its partners with data and technology to develop and expand new experiences worldwide.
*“Corpay” in this document primarily refers to the Cross-Border Division of Corpay, Inc. https://www.corpay.com/cross-border; a full listing of the companies that are part of Corpay Cross-Border is available here: https://www.corpay.com/compliance.
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Corpay (CPAY - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Corpay is one of 234 individual stocks in the Business Services sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Corpay is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CPAY's full-year earnings has moved 3.7% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CPAY has moved about 15.4% on a year-to-date basis. In comparison, Business Services companies have returned an average of -12.9%. This means that Corpay is outperforming the sector as a whole this year.
Another stock in the Business Services sector, Everpure (P - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 15%.
In Everpure's case, the consensus EPS estimate for the current year increased 27.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Corpay is a member of the Financial Transaction Services industry, which includes 35 individual companies and currently sits at #68 in the Zacks Industry Rank. On average, this group has lost an average of 17.7% so far this year, meaning that CPAY is performing better in terms of year-to-date returns.
Everpure, however, belongs to the Technology Services industry. Currently, this 112-stock industry is ranked #171. The industry has moved -3.4% so far this year.
Investors with an interest in Business Services stocks should continue to track Corpay and Everpure. These stocks will be looking to continue their solid performance.
Corpay (CPAY - Free Report) came out with quarterly earnings of $5.8 per share, beating the Zacks Consensus Estimate of $5.5 per share. This compares to earnings of $4.51 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.48%. A quarter ago, it was expected that this provider of fuel card and payment products for businesses would post earnings of $5.95 per share when it actually produced earnings of $6.04, delivering a surprise of +1.51%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Corpay, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $1.26 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 4.40%. This compares to year-ago revenues of $1.01 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Corpay shares have added about 1.5% since the beginning of the year versus the S&P 500's gain of 7.6%.
What's Next for Corpay?While Corpay has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Corpay was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $6.23 on $1.28 billion in revenues for the coming quarter and $26.05 on $5.26 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Green Dot (GDOT - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 11.
This bank holding company is expected to post quarterly earnings of $0.88 per share in its upcoming report, which represents a year-over-year change of -17%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Green Dot's revenues are expected to be $597.39 million, up 7.5% from the year-ago quarter.
Corpay (CPAY - Free Report) reported $1.26 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 25.4%. EPS of $5.80 for the same period compares to $4.51 a year ago.
The reported revenue represents a surprise of +4.4% over the Zacks Consensus Estimate of $1.21 billion. With the consensus EPS estimate being $5.50, the EPS surprise was +5.48%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Corpay performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Lodging Payments - Room nights: 7.4 million compared to the 8.71 million average estimate based on three analysts.Revenue, net per spend - Corporate Payments: $0.62 versus the three-analyst average estimate of $0.62.Spend volume - Corporate Payments: 81.85 million versus the three-analyst average estimate of 79.94 million.Revenues, net per room night - Lodging Payments: $15.06 versus $13.07 estimated by three analysts on average.Revenues, net per transaction - Vehicle Payments: $2.70 compared to the $2.39 average estimate based on two analysts.Other - Revenues, net per transaction: $0.18 versus the two-analyst average estimate of $0.15.Other - Transactions: 465 million versus the two-analyst average estimate of 436.77 million.Revenues- Corporate Payments: $503.87 million versus $487.95 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +42.9% change.Revenues- Vehicle Payments: $563.9 million versus the five-analyst average estimate of $557.7 million. The reported number represents a year-over-year change of +15.8%.Revenues- Lodging Payments: $110.97 million compared to the $109.95 million average estimate based on five analysts. The reported number represents a change of +0.7% year over year.Revenues- Other Payments: $82.24 million versus $62.5 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +47.7% change.Operating income- Corporate Payments: $179.08 million versus the two-analyst average estimate of $166.37 million.View all Key Company Metrics for Corpay here>>>
Shares of Corpay have returned +0.5% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Key Takeaways Corpay posted Q1 adjusted EPS of $5.80 on $1.26B in revenues, both beating estimates.CPAY Corporate Payments revenues jumped 46% to $503.9M as spend volume climbed to $81.9B.CPAY repurchased 2.4M shares for $786M and raised its 2026 adjusted EPS outlook to $26.30-$27.10. Corpay, Inc. (CPAY - Free Report) delivered a strong first-quarter 2026, with adjusted earnings of $5.80 per share, rising 28.6% year over year and surpassing the Zacks Consensus Estimate by 5.5%. Revenues of $1.26 billion increased 25.4% year over year and beat estimates by 4.4%.
Performance reflected broad-based momentum, including 11% organic revenue growth and a 24% jump in new sales/bookings, alongside retention of 93.5%.
CPAY’s Mix Shift Continues as Corporate Payments ScalesCorporate Payments’ revenues rose 46% year over year to $503.9 million and represented 40% of consolidated revenues in the quarter. Vehicle Payments remained the largest segment at $563.9 million, up 19% year over year, while Lodging Payments was essentially flat at $111 million and Other revenues grew 8% to $82.2 million.
Beneath headline growth, Corporate Payments showed meaningful operating leverage through volume, with spend volume climbing to $81.9 billion. Revenues per spend dollar was 0.62%, down from the prior-year level, reflecting mix and enterprise client wins that carry lower yields.
Corpay’s Vehicle Platform Benefits From Macro & ExecutionVehicle Payments activity advanced, with transactions increasing 4% to 209 million. Revenues per transaction improved to $2.70, helping lift segment revenues despite modest transaction growth.
Management attributed part of the quarter’s upside to higher fuel prices, but also emphasized that the majority of the revenue beat versus internal expectations was driven by stronger underlying execution across the portfolio rather than macro alone.
CPAY’s Lodging Trends Improve as Monetization HoldsLodging Payments posted 7.4 million room nights, down 25% from the prior-year period, yet revenues per room night increased to $15.06. That monetization lift helped keep segment revenues stable year over year despite lower volume.
On the earnings call, management noted sequential improvement in Lodging and pointed to better performance across the business as supporting confidence in a second-half growth acceleration plan.
Corpay’s Profitability Holds Up Despite Cost PressuresAdjusted EBITDA increased 24% to $688.6 million, while the adjusted EBITDA margin was 54.6% versus 55.2% a year ago, reflecting acquisition impacts. Operating costs, excluding FX, M&A and stock-based compensation, increased 10%, with higher transaction volumes and bad debt cited as key drivers.
Tax and below-the-line items were also notable. The adjusted effective tax rate was 26.8% in the quarter, and the press release highlighted that GAAP results included a gain on the sale of a business, which lifted net income per diluted share.
CPAY Steps Up Buybacks, Keeps Balance Sheet StrongCorpay repurchased 2.4 million shares for $786 million in the quarter and ended with $1.8 billion remaining under its repurchase authorization after the board approved an additional $1 billion.
Balance sheet capacity remained solid, with leverage at 2.7X and $1.4 billion of available borrowing capacity on the revolver. Management also discussed plans to refinance and upsize its credit facility, extend maturities and modestly reduce pricing, although the benefits were not reflected in the guidance at the time of the call.
Corpay Lifts 2026 Outlook After Blowout Q1For 2026, the company raised its outlook to total revenues of $5.250-$5.330 billion and adjusted earnings of $26.30-$27.10 per share. The second-quarter guidance calls for revenues of $1.295 billion at the mid-point and adjusted earnings per share of $6.55 at the mid-point.
Management tied the updated forecast to the first-quarter outperformance, expectations for higher fuel prices and continued favorable business fundamentals, while factoring in the March 31 divestiture of PayByPhone. Executives reiterated a 10% organic revenue growth target for the year and highlighted ongoing portfolio rotation toward Corporate Payments.
CPAY carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings SnapshotVerisk Analytics, Inc. (VRSK - Free Report) reported first-quarter 2026 diluted adjusted earnings per share of $1.82, beating the Zacks Consensus Estimate of $1.76 by 3.4%. The figure increased 5.2% from the year-ago quarter.
Revenues came in at $782.6 million, topping the consensus mark of $775.9 million by 0.9% and rising 3.9% year over year. Organic constant-currency revenue growth was 4.7%, supported by continued momentum across the Insurance business.
WCN’s adjusted earnings of $1.23 per share outpaced the consensus mark by 3.4% and rose 8.9% from the year-ago quarter. WCN’s total revenues of $2.37 billion beat the consensus mark by 0.7% and increased 6.4% year over year.
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TORONTO--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), the leading corporate payments company, today announced that it is partnering with stablecoin infrastructure platform BVNK to provide stablecoin wallets and settlement capabilities to its global customer base. The integration will enable Corpay's customers to see a stablecoin balance alongside their fiat balances, and provide customers with embedded stablecoin wallets for sending, receiving, storing, and converting stablecoins within its plat.
ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY), the corporate payments company, today announced that on Monday, May 18, 2026, the Company will be attending the J.P. Morgan Global Technology, Media and Communications Conference in Boston, MA. Management will participate in a fireside chat beginning at 9:05am ET. Investors and interested parties can access the presentation by visiting the Company's investor relations website at https://investor.corpay.com/. About Corpay Corpay (NYSE: CPAY),.
Corporate payments company Corpay has launched a collaboration with stablecoin infrastructure platform BVNK.
The partnership, announced Monday (May 11), is aimed at offering Corpay customers stablecoin wallets and settlement capabilities.
“At our scale, the ability to move liquidity quickly and reliably is critical,” Mark Frey, group president for Corpay Cross-Border Solutions, said in a news release. “Stablecoins introduce a 24/7 settlement capability that strengthens our existing infrastructure. BVNK provides the technology and compliance framework we need to deliver this securely and at scale.”
According to the release, the integration will let Corpay’s more than 800,000 customers see a stablecoin balance alongside their fiat balances, and offer them embedded stablecoin wallets for sending, receiving, storing and converting stablecoins within the Corpay platform.
“Customers will now have access to the always-on payment rails that operate beyond the limits of traditional banking hours and systems,” the release added.
In addition, Corpay will integrate stablecoin rails in its treasury operations, lessening reliance on pre-funded accounts, improving both the capital efficiency and the movement of funds outside its network, the release said.
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“We believe stablecoins are reshaping the foundation of global payments,” said Jesse Hemson-Struthers, CEO of BVNK. “Corpay’s scale and reach make them an ideal partner to bring these capabilities into the mainstream. Together, we’re enabling faster, more efficient ways for businesses to move and manage money across borders.”
PYMNTS wrote last week about the benefits of stablecoins in the cross-border payment space, which is often bogged down by “correspondent banking chains, pre-funded accounts, foreign exchange friction, compliance overhead and opaque fees.”
Stablecoins can give companies a way to compress both settlement time and capital requirements simultaneously.
“The opportunity is especially pronounced in emerging markets where access to dollar liquidity remains uneven,” that report said. “In countries with volatile currencies or constrained banking infrastructure, stablecoin-linked payment systems provide businesses with a more stable medium for cross-border commerce while preserving compatibility with local payment networks.”
However, the degree of innovation that stablecoins offer is not without risk. Hacks on digital asset bridge solutions makes up close to 40% of the entire value of crypto lost due to hacks across the entire history of the digital asset space. Counterparty risk is a major concern.
“CFOs are, rightly so, conservative,” Tanner Taddeo, CEO of Stable Sea, said during a recent episode of PYMNTS’ “From the Block” podcast. “They’re not buying innovation. They’re buying to de-risk something … It’s a crawl, walk, run approach to the enterprise because that trust does take time. It’s never given, it’s always earned.”
Corpay NYSE: CPAY is no flashy fintech, but rather a behind-the-scenes earner in a steadier slice of payments.
Strong revenue growth, rising profits, aggressive buybacks, and higher 2026 guidance are defining its current results. As a leader in corporate payments, its financials are increasingly impressive. How much more room it has to grow, and whether the stock will follow, are what investors must now decide.
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Corpay Delivers a Standout QuarterCorpay just delivered one of the strongest quarters in its history, yet many investors have never heard of it. The company, which processes payments for corporate fleets, business travel, and cross-border transactions, reported first-quarter revenue of $1.26 billion, up 25% year over year and above expectations.
Corpay Today
$354.60 +3.76 (+1.07%)
As of 11:12 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$252.84▼
$367.43P/E Ratio21.19
Price Target$383.07
For the three months, net income climbed 44% to $350.1 million from $243.2 million a year earlier, and operating income rose 49% to reach $636.2 million. Adjusted earnings per share rose 29% to $5.80, also comfortably ahead of what analysts expected.
Corpay also continued its aggressive share repurchase program during the quarter, buying back 2.4 million shares for $786 million.
Management responded by raising full-year 2026 guidance to a revenue midpoint of $5.29 billion and earnings per share of between $20.39 and $21.19.
In the payments world, having both growth and profitability keep pace with each other is worth a deeper look.
A Business Model Built on Sticky RevenueCorpay, formerly known as FleetCor Technologies, operates in the background of corporate America, providing specialized payment solutions in four areas. It provides services for fleet payments for trucking and transportation companies, corporate payments for businesses managing expenses and accounts payables, lodging payments for workforce housing and extended-stay travel, and cross-border currency transactions for companies doing business internationally.
The combination of services gives Corpay deep customer relationships with high switching costs, and transaction volumes that have been growing steadily. With a revenue base that’s spread across industries and geographies, the company can avoid many of the shocks that often hit other payments providers. And management said that roughly two-thirds of the $50 million revenue outperformance recently came from improved underlying business performance rather than any favorable external conditions.
The company’s cross-border segment, in particular, has received the most strategic attention recently as international payment flows represent one of the biggest opportunities in B2B payments. For the three months, revenue from its corporate payments sector jumped 46% to $504 million, thanks to a 71% leap in overall spend volume. The company’s vehicle payments revenue rose 19% to $564 million, and lodging payments revenue rose slightly to $111 million.
New Growth Drivers Are Taking ShapeLooking ahead, the company has said it plans to increase domestic sales production by focusing on the middle market here at home. In the area of payables, the company is looking to capture more revenue beyond its virtual card program and expects to launch a European spend management business.
For cross-border opportunities, Corpay said it sought to further develop its multi-currency banking business and add real-time blockchain rails for settlements. And like other companies in the financial sector, it plans to further integrate artificial intelligence into both its products and its internal processes.
In fact, Corpay already made headlines in May 2026 with a partnership announcement involving BVNK, a stablecoin infrastructure platform, to provide stablecoin wallets and settlement capabilities to its global customer base. The move is strategically logical as cross-border payments are often notoriously slow and expensive. Stablecoin rails could eventually offer high cost and speed advantages.
Current Price$350.90High Forecast$450.00Average Forecast$383.07Low Forecast$300.00Corpay Stock Forecast Details
Wall Street Sees Further UpsideAnalysts who cover Corpay are overall positive, if not effusive, about prospects for its stock price. With 15 analysts following the company, the consensus is a Moderate Buy with an average target price of $377.92 per share.
Twelve analysts have Corpay listed as a Buy, while three recommend Hold. The spread is large, however, with the highest 12-month target price at $415 and the lowest at $300.
Although its stock price is roughly flat from a year ago, CPAY is up around 15% this year. Achieving the average target price would take it above its 52-week high.
Risks Still Deserve AttentionWhile Corpay’s numbers are solid, investors should be aware of a couple of potential wrinkles in the results. It’s important to note that the company’s first quarter earnings included an unadjusted $81 million gain, or $1.19 per share, from the sale of the PayByPhone parking business.
There is also ongoing legal exposure. Corpay’s quarterly filings continue to reference Federal Trade Commission litigation related to historical marketing practices. As of May 2026, that liability was largely affirmed through the appeals process. The financial impact so far has been manageable, but the legal overhang remains, and the potential impact is uncertain.
Dependability Is Corpay’s Main AppealWhat is certain is that Corpay quietly and consistently processes payments that businesses cannot avoid making. The company takes a margin on each transaction, returns capital to shareholders through buybacks, and raises its guidance when the business performs better than expected.
For investors considering a position, the most important questions are about valuation and timing. After a strong quarter and a stock move that reflects it, Corpay is not cheap.
The company is also not the most exciting in the financial sector. But it’s something that is maybe more valuable. It is dependable.
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ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), the corporate payments and expense management company today announced that it closed an amendment to increase its revolving credit facility by $925 million to $3.7 billion and increase its Term Loan A by $420M to $3.3 billion, both for new 5-year terms. The USD interest rates are 10 basis points lower than the existing facilities. The Company plans to use $1 billion of the proceeds to pay down a portion of its Term Loan B and refinance a port.
Corpay, Inc. (NYSE: CPAY), the corporate payments and expense management company today announced that it closed an amendment to increase its revolving credit f
ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY), the corporate payments company, today announced that the Company will participate in the following investor conferences: On Wednesday, June 3, 2026, the Company will be attending the Baird Global Consumer, Technology & Services Conference in New York, NY. On Tuesday, June 9, 2026, the Company will be attending the Morgan Stanley US Financials Conference in New York, NY. Management will participate in a fireside chat beginning at 1:45am E.
Corpay, Inc., (NYSE: CPAY), the corporate payments company, today announced that the Company will participate in the following investor conferences:
On Wednesday, June 3, 2026, the Company will be attending the Baird Global Consumer, Technology & Services Conference in New York, NY. On Tuesday, June 9, 2026, the Company will be attending the Morgan Stanley US Financials Conference in New York, NY. Management will participate in a fireside chat beginning at 1:45am ET. Investors and interested parties can access the presentation by visiting the Company’s investor relations website at https://investor.corpay.com/.
About Corpay
Corpay (NYSE: CPAY), the Corporate Payments and Expense Management Company, is a global S&P 500 provider of employee payments (e.g, spend management solutions, fleet cards, and virtual cards) B2B vendor payments (e.g., invoice and payments automation), and cross-border solutions (fx payments, risk management solutions and global bank accounts) to businesses worldwide. Corpay solutions “keep business moving” and result in our customers better controlling business expenses, mitigating fraud, and ultimately spending less. To learn more visit www.corpay.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20260601326286/en/
TORONTO--(BUSINESS WIRE)--Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with Vålerenga Fotball AS to become their Official Foreign Exchange (FX) Supplier. Through this partnership, Corpay Cross-Border will deliver comprehensive FX risk management solutions to support Vålerenga Fotball AS's operations. In addition, its award-winning platform will enable the club to manage global payments.
Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement wit
Corpay is rated a buy with an FY 2026 price target of $389, implying 9% upside, driven by robust Corporate Payments growth. Q1 revenue grew 25% YoY to $1.26B, with adjusted EPS up 29% and aEBITDA up 24%, reflecting strong execution in core segments. The Mastercard partnership offers access to FIs, potentially unlocking $875M incremental revenue by 2027 if well-executed.
