Corpay, Inc. (CPAY)

Over the past six months, Corpay's stock has experienced several notable events. Corpay reported strong Q1 2026 results, raised its full-year 2026 revenue and adjusted EPS guidance, which was positive for the stock. Corpay announced partnerships with JPMorgan and BVNK to add blockchain-based settlement capabilities. Lightyear Capital LLC completed the acquisition of PayByPhone Technologies Inc. from Corpay, with proceeds intended for share repurchases. Corpay launched new AI-powered capabilities within its Corpay Complete platform. Corpay reported strong Q4 2025 results. The renewal of its FX partnership with AC Milan was noted as a positive development. The stock has gained 5.2% over the past 12 months and increased by 14.3% since January 1, 2026.

Corpay's revenue exhibits some seasonality, with management indicating a "seasonal build dynamic" where absolute revenue increases by approximately $100 million from Q1 to Q4. Demand for its products and services tends to be lower in the first quarter and gradually increases throughout the year, reaching its peak in the fourth quarter.

Corpay, Inc. is a global B2B payments company specializing in payments and spend management systems and services, operating within the financial data services, technology, and software-infrastructure sectors. The company focuses on specialized, repeat-use payment workflows through three main segments: Vehicle Payments, Corporate Payments, and Lodging Payments. Vehicle Payments include fleet and fuel cards, toll and mobility payments, and related controls. Corporate Payments encompass accounts payable automation, virtual card programs, business payment workflows, cross-border payments, and foreign exchange services. Lodging Payments provide hotel and temporary-housing solutions. Corpay rebranded from FleetCor in March 2024 to reflect its broader business scope.

Corpay has a significant global presence, with operations in North America, Europe, Brazil, Australia, and New Zealand. Its cross-border platform supports payments into over 200 countries and territories. The United States is Corpay's most important single market, with substantial exposure in vehicle payment, corporate payment, and lodging programs. Other key markets include Canada, the United Kingdom, continental Europe, and Brazil.

In the past year, Corpay has received positive recognition for its workplace culture and overall performance, including being named to the TIME World's Best Companies 2024 rankings and Certified™ by Great Places to Work®. Corpay was also named to Newsweek's annual list of Top 100 Global Most Loved Workplaces®. However, Corpay faced past reputational challenges, including an FTC lawsuit in 2019 for allegedly obscuring fees and misleading consumers, which resulted in an injunction in 2023.

Institutional investors are the dominant force in Corpay's ownership structure, holding approximately 98.84% of the stock. The top 25 shareholders collectively held 73.8% of the company's shares as of March 31, 2025. Major institutional owners include The Vanguard Group, Inc., BlackRock, Inc., and T. Rowe Price Group, Inc. Individual insider ownership accounts for about 5.19% of the stock. Ronald F. Clarke, Chairman & CEO, holds 4.58% of the company. Summit Partners L P owns 20.25 million shares, representing 30.98% of the company.