Corpay, Inc. (CPAY)

In the past six months, Corpay's stock (CPAY) has trended down by 9.22%. Over the last 12 months, the stock price decreased by 7.99%, with a year-to-date return of -14.97%. In the past month, the stock decreased by 11.63%. Key events include Mastercard's investment in Corpay's cross-border business in April 2025, making Corpay the exclusive provider of currency risk management and integrated large-ticket cross-border payments solutions to Mastercard's financial institution customers. Corpay held its Q1 2025 Earnings Call in May 2025. In June 2025, Corpay participated in financial technology conferences and launched a new Cross-Border office in Auckland, New Zealand. Corpay announced its acquisition of Alpha Group International plc in July 2025. In August 2025, Corpay held its Q2 2025 Earnings Conference Call, reporting 11% organic revenue growth. Corpay Cross-Border was named the Official FX Partner of the International Tennis Federation in September 2025, and Corpay and Mastercard announced an expansion of their near real-time payments partnership. Corpay joined the UK's Faster Payments Service in October 2025.

Demand for Corpay's services is generally tied to business activity and travel, influenced by economic cycles, holiday periods, fiscal calendars, and fuel prices. Corporate travel and business activities might decrease during major holiday seasons, impacting lodging and vehicle payment solutions. Businesses often have spending patterns tied to their fiscal year-ends, which could create periodic surges or slowdowns in corporate payment solutions. Demand for vehicle payment solutions can be influenced by fuel price volatility and general trends in transportation and travel. The gift card business saw significant year-over-year growth in Q2 2025 due to new gift card orders driven by pent-up demand from new regulations to upgrade gift card packaging to reduce fraud, suggesting potential seasonality or spikes related to regulatory changes and possibly holiday gift-giving seasons.

Corpay, Inc., formerly FLEETCOR Technologies, Inc., is a global corporate payments company based in Atlanta, Georgia, operating in the financial data services industry. It provides payments and spend management systems and services to businesses and consumers. Its major products and solutions include corporate payments, which simplify business-to-business payments through AP automation, commercial cards, and cross-border payment solutions. Vehicle payment solutions help drivers manage vehicle-related expenses, including fuel, EV charging, and tolls. Lodging payments simplify booking and payment for workforce lodging, including managed lodging programs.

Corpay operates in the United States, Brazil, the United Kingdom, and internationally. Its Cross-Border business has a significant global presence, partnering with over 100 correspondent banks and counterparty trading institutions across six continents. Corpay Cross-Border has offices and provides services across North America, EMEA, and APAC, with a new office recently established in Auckland, New Zealand in June 2024 to strengthen its presence in the Asia-Pacific region.

Corpay's brand reputation has seen both positive developments and challenges in the past year. Positive developments include recognition as a Fortune 1000 company, an S&P 500 member, and certification as a Great Place to Work. Corpay Cross-Border has also achieved a number one ranking for Enterprise Payment Software in G2 Market Reports for four consecutive times. Strategic partnerships, such as the expanded collaboration with Mastercard, aim to enhance its offerings and reach in global payments. Challenges include ongoing FTC litigation related to obscuring fees and misleading consumers, as well as the sale of its businesses in Russia in October 2023 after criticism for not divesting earlier.

Corpay's stock ownership is primarily held by institutional investors, who own approximately 51.88% to 98.84% of the company's stock. Insiders own about 3.60% to 49.52%, and public companies and individual investors (retail investors) hold around 1.36% to 25.78%. Major institutional owners include The Vanguard Group, Inc., BlackRock, Inc., T. Rowe Price Group, Inc., JPMorgan Chase & Co., Orbis Investment Management Limited, and State Street Global Advisors, Inc. Significant individual owners (insiders) include Summit Partners L P, Richard A. Smith, John G. Berylson, and Ronald F. Clarke (Chairman & CEO).