Corpay, Inc. (CPAY)

Corpay's stock has experienced fluctuations over the past six months, trending up by 1.95%. As of December 29, 2025, the share price was $308.97, an 8.47% decline from December 30, 2024, but increased by 4.77% in the past month. Earnings reports have been significant, with Q3 results surpassing expectations and leading to a stock increase, while Q1 results led to lowered revenue guidance and a stock decline. Acquisitions, such as Alpha Group International plc and GPS Capital Markets, LLC, and a strategic partnership with AvidXchange have also impacted the stock. Analyst ratings and price targets have seen adjustments from firms like Oppenheimer, JPMorgan Chase & Co., and Keefe, Bruyette & Woods.

Corpay's business experiences some demand seasonality, including a seasonal lift from its gift business. The corporate payments industry is subject to economic volatility, with fluctuations in fuel prices, currency exchange rates, and global economic conditions impacting the company's operations. Demand for fuel and other business-related products and services can be affected by external factors like fuel-efficient vehicles and alternative fuel sources.

Corpay, Inc., headquartered in Atlanta, Georgia, is a global corporate payments company operating in the financial data services sector. It provides payment and spend management systems and services, including AP Automation, Cross-Border Payments, Commercial Cards, Fuel Cards, Vehicle Payments, and Lodging Payments. Corpay aims to streamline operations, reduce costs, and improve efficiency for businesses across diverse industries.

Corpay has a significant global presence with its headquarters in Atlanta, Georgia, and operations spanning North America, Europe, the UK, and the Asia-Pacific region. Key geographical areas contributing to its revenue include the United States, Brazil, and the United Kingdom. In December 2023, Corpay Cross-Border expanded its global footprint with a new back-office support center in Chennai, India.

Corpay has received positive recognition for its brand and workplace culture, including being named to the TIME World's Best Companies 2024 rankings and Certified™ by Great Places to Work® in 2024. However, the company faced past challenges, including an FTC lawsuit in 2019 for allegedly obscuring fees and misleading consumers, which led to an injunction in 2023.

Corpay's ownership is predominantly institutional, with major shareholders including Vanguard Group Inc., BlackRock, Inc., and JPMorgan Chase & Co. As of March 31, 2025, the top 25 shareholders collectively held 73.8% of the company's shares. The Vanguard Group, Inc. holds 11.2% of the company's shares, and Ronald F. Clarke, Chairman & CEO, holds 4.58%.