Stocks · Technology · Software - Infrastructure
Corpay, Inc. CPAY
$394.60 +1.25% Close, Oct 2, 2026 · NYSE · Market cap $25.79B
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Net debt is 3.1× EBITDA, a high level of leverage.
- The diluted share count fell 7.1% in a year, mainly through buybacks.
- Earnings beat analyst estimates in each of the last 5 quarters (average surprise over the last four: +3.8%).
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 33%
- EPS growth (TTM, YoY)Bottom 48%
- FCF growth (TTM, YoY)Bottom 22%
- Revenue growth, 3-year CAGRTop 43%
- Revenue growth accelerationTop 35%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 31%
- Gross marginTop 22%
- Operating marginTop 4%
- Cash conversion (OCF / net income)Bottom 48%
- Accruals (lower is better)Bottom 24%
- Net debt / EBITDA (lower is better)Bottom 18%
- Interest coverTop 45%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 22%
- Free-cash-flow yieldTop 26%
- EBITDA / enterprise valueTop 23%
- Sales / enterprise valueBottom 34%
- P/E vs own 5-year history (lower is better)Bottom 38%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 22%
- 6-month returnTop 41%
- 1-year return vs S&P 500Top 35%
- Distance from 52-week highTop 15%
- Trend checklist (0–4)Bottom 40%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 32%
- Consecutive EPS beatsTop 37%
- Share of analysts rating BuyTop 28%
- Upside to consensus price targetBottom 38%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 2%
- Maximum drawdown, 3 yearsTop 6%
- Beta vs S&P 500 (lower is better)Top 47%
- Net debt / EBITDA (lower is better)Bottom 18%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 18.3% | 20.4% | ↑ |
| EPS growth (YoY) | 17.2% | 11.6% | ↓ |
| Gross margin | 78.1% | 73.3% | ↓ |
| Operating margin | 44.7% | 40.8% | ↓ |
| FCF margin | 46.2% | 32.6% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 20.4% | 18.3% | ↑ | Top 33% |
| EPS growth (TTM, YoY) | 11.6% | 17.2% | ↓ | Bottom 48% |
| Gross margin | 73.3% | 78.1% | ↓ | Top 22% |
| Operating margin | 40.8% | 44.7% | ↓ | Top 4% |
| Net margin | 22.7% | 25.2% | ↓ | — |
| Free-cash-flow margin | 32.6% | 46.2% | ↓ | — |
| Return on invested capital | 8.9% | — | Top 31% | |
| Revenue growth, 3-year CAGR | 9.7% | — | Top 43% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.62×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -3.5 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 3.07×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 4.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 6.62%
- Shareholder yield
- 6.62%
- Share count change, 1 year
- -7.1%
- Share count change, 3-year CAGR
- -4.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 10, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 5
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +3.8%
- Average 2-day reaction, last 8
- +0.3%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $456.50
- Target vs current price
- +15.7%
- Analysts with a rating
- 18
- Share rating Buy or Strong Buy
- 78%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 5, 2026 | +6.4% | -0.5% | +2.4% | +2.1% | — |
| May 7, 2026 | +6.0% | +0.1% | +8.5% | +16.9% | +26.3% |
| Feb 4, 2026 | +1.5% | +2.8% | +22.0% | +12.5% | +4.9% |
| Nov 5, 2025 | +1.2% | +0.2% | +11.3% | +14.8% | +16.7% |
| Aug 6, 2025 | +0.2% | -1.1% | -2.9% | +0.2% | -15.8% |
| May 6, 2025 | +0.0% | -0.6% | +6.6% | -0.6% | -1.6% |
| Feb 5, 2025 | -0.2% | +2.4% | -2.8% | -6.2% | -15.0% |
| Nov 7, 2024 | +0.6% | -0.7% | +6.2% | +5.3% | +11.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 5, 2026 | $7.00 | $6.58 | +6.4% | $1.34B |
| May 7, 2026 | $5.80 | $5.47 | +6.0% | $1.26B |
| Feb 4, 2026 | $6.04 | $5.95 | +1.5% | $1.25B |
| Nov 5, 2025 | $5.70 | $5.63 | +1.2% | $1.17B |
| Aug 6, 2025 | $5.13 | $5.12 | +0.2% | $1.10B |
| May 6, 2025 | $4.51 | $4.51 | +0.0% | $1.01B |
| Feb 5, 2025 | $5.36 | $5.37 | -0.2% | $1.03B |
| Nov 7, 2024 | $5.00 | $4.97 | +0.6% | $1.03B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 24.0× | 21.3× | 71th | Top 22% |
| P/E (forward) | 14.4× | — | — | — |
| EV / EBITDA | 13.7× | — | — | Top 23% |
| EV / Sales | 6.62× | — | — | Bottom 34% |
| Free-cash-flow yield | 6.35% | — | — | Top 26% |
| Earnings yield | 4.16% | — | — | Top 22% |
P/E over the past five years
Range 14.5× – 28.2× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +37.8%
- Earnings per share growth (TTM)
- +11.6%
- Change in P/E multiple
- +17.9%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 102
- 50-day average slope (20 days)
- +5.0%
- 200-day average slope (20 days)
- +3.1%
- Distance from 50-day average
- -1.8%
- Distance from 200-day average
- +13.8%
- RSI (14)
- 45.6
- Relative volume
- 1.21×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 23.0%
- Volatility vs own 5-year history
- 7th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.38
- Correlation with S&P 500
- 0.61
- Current drawdown from 1-year high
- -7.2%
- Maximum drawdown, 3 years
- -34.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| May 3, 2021 | Oct 20, 2022 | -44.1% | 371 days | 316 days (Jan 25, 2024) |
| Feb 6, 2025 | Oct 30, 2025 | -34.5% | 184 days | 185 days (Jul 29, 2026) |
| Apr 3, 2024 | Jun 14, 2024 | -21.0% | 51 days | 75 days (Oct 2, 2024) |
| Oct 23, 2020 | Oct 29, 2020 | -15.3% | 4 days | 7 days (Nov 9, 2020) |
| Dec 17, 2020 | Jan 29, 2021 | -13.9% | 28 days | 15 days (Feb 22, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $25.79B
- P/E (TTM)
- 24.0
- EPS, diluted (TTM)
- $16.43
- Revenue (TTM)
- $5.02B
- 52-week range
- $252.84 – $427.46
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $2.83B | $3.43B | $3.76B | $3.97B | $4.53B |
| Gross profit | $2.27B | $2.66B | $2.94B | $3.11B | $3.17B |
| Operating income | $1.24B | $1.45B | $1.66B | $1.79B | $1.95B |
| Net income | $839.5M | $954.3M | $981.9M | $1.00B | $1.07B |
| EPS (diluted) | $9.99 | $12.42 | $13.20 | $13.97 | $15.03 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.03B | $1.03B | $1.01B | $1.10B | $1.17B | $1.25B | $1.26B | $1.34B |
| Net income | $276.4M | $246.0M | $243.2M | $284.2M | $277.9M | $264.5M | $350.1M | $248.3M |
| EPS (diluted) | $3.90 | $3.44 | $3.40 | $3.98 | $3.91 | $3.75 | $5.07 | $3.70 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.20B | $754.8M | $2.10B | $1.94B | $1.50B |
| Capital expenditure | -$111.5M | -$151.4M | -$153.8M | -$175.2M | -$200.8M |
| Free cash flow | $1.09B | $603.4M | $1.95B | $1.77B | $1.30B |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$1.31B | -$1.36B | -$573.1M | -$859.8M | -$715.0M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $3.16B
- Total assets
- $28.22B
- Total liabilities
- $24.64B
- Total debt
- $10.62B
- Net debt
- $7.46B
- Shareholders’ equity
- $3.54B
As of Jun 30, 2026 (filed Aug 10, 2026).
Short interest
- Shares sold short
- 3,121,394
- Days to cover
- 7.32
- Change vs previous report
- +14.2%
FINRA short interest, settlement date Sep 15, 2026.