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DailyIQ
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CPAY·Corpay, Inc.

$443.47
-3.53 (-0.79%)
High
$445.00
Open
$437.78
Market Cap
27.49B
52W High
$479.53
Low
$427.97
P. Close
$443.47
P/E
24.09
52W Low
$271.22
Fwd P/E
14.15
DailyIQ Est.
$476.00
Inst. Own.
84.3%
Short Interest
5.65%
Days to Cover
6.5
NewEarnings release, scored · filed Nov 4, 2026tone -4.4 vs prior release · 77 lines scoredSee the breakdown
Technical Score (1D)
88
BULLISH
News Sentiment
75
BULLISH
On Nov 5, Corpay (CPAY) reported third‑quarter earnings that beat estimates, with revenue rising 18 % to $1.38 billion and adjusted earnings per share increasing 32 % to $7.54. The company also raised its full‑year 2026 revenue and earnings guidance, citing continued momentum in corporate payments and spend‑management businesses. Investors reacted positively, with CPAY shares climbing 10 % on the day of the announcement. That same day, UBS lifted its price target for the stock to $465 from $415 while keeping a neutral rating, and Keefe, Bruyette & Woods increased its target to $525 from $470, upgrading the rating to overweight. RBC also raised its target to $475 from $438, maintaining a sector perform rating. The earnings beat and guidance upgrade were reported as confirmations of the company’s existing growth trajectory rather than new catalysts.
LOW TARGET
$390 -12.1%
2 analysts
MEAN TARGET
$461 +3.9%
10 analysts
HIGH TARGET
$536 +20.9%
14 analysts
PRICE RANGE
$390.00 - $536.00
SB / B / H / S / SS
8/12/4/1/1
DAILYIQ EST.
$476.00 (+7.3%)
Sector
Technology
Industry
Software - Infrastructure
Exchange
NYQ
Country
United States
Website
corpay.com
Symbol
CPAY
Description
Corpay, Inc. is a global payments solutions provider, assisting businesses and consumers in managing a variety of expenses. The company's core offerings encompass vehicle payment solutions, facilitating fuel, maintenance, and compliance costs, alongside corporate payment solutions that streamline accounts payable and travel expenditures. Corpay also provides lodging payment solutions for business travelers, airline crews, and individuals displaced by unforeseen events. These diverse services are available across the United States, Brazil, the United Kingdom, and other international markets, serving a broad customer base that includes businesses, merchants, consumers, and payment networks. Formerly known as FLEETCOR Technologies, Inc., the company was established in 1986 and is headquartered in Atlanta, Georgia.
Bought (1Y)
0 shares
$0
Sold (1Y)
795,750 shares
$315.7M
Clarke RonaldCEO & Chairman of BOD
Sell193 shares2026-08-25
Clarke RonaldCEO & Chairman of BOD
Sell9,581 shares2026-08-25
Clarke RonaldCEO & Chairman of BOD
Sell24,670 shares2026-08-25
Clarke RonaldCEO & Chairman of BOD
Sell50,504 shares2026-08-25
Clarke RonaldCEO & Chairman of BOD
Sell15,575 shares2026-08-25
View full insider trading history →
73/ 100
Bullish
Overall: Bullish
✓Revenue growing year over year
✓Positive net margin
✓Positive operating cash flow
Net Margin
23.6%
Revenue CAGR
17.3%
Current Ratio
0.98x
Debt / Equity
3.44x
Return on Equity
27.5%
View full financials →
Earnings Summary
In the most recent quarters, Q2 2026 revenue rose to $1.33881 billion, up 6.4% from Q1 2026’s $1.26099 billion, while EPS climbed from $5.80 to $7.00, a 20.7% increase; Q3 2026 revenue of $1.38193 billion marked a 3.8% rise over Q2 2026 and EPS of $7.54 reflected a 7.4% jump, both beating consensus estimates of $1.38539 billion and $7.19 respectively. Historically, the company has posted a steady YoY revenue growth trajectory, with Q3 2026 revenue up 18% year‑over‑year, and has consistently outperformed earnings estimates in the last four quarters, achieving EPS beats in each of those periods. Recent news highlights Morgan Stanley’s upward revision of the price target to $481 on November 5, citing confidence in sustained revenue expansion and improved profitability, and Corpay’s own lift of full‑year revenue guidance to $5.35 billion and adjusted EPS guidance to $28, underscoring management’s optimism. Key will be whether the next quarter continues to deliver EPS beats and revenue growth that aligns with the newly raised guidance, while monitoring any material changes in operational metrics disclosed during earnings calls.

EPS

EstBeatMiss
$4.76$5.55$6.35$7.15$7.95Q2'25Q3'25Q1'26Q2'26Q3'26Q4'26
QtrEstActual+/−
Q4'26$7.58 - -
Q3'26$7.35$7.54+2.6%
Q2'26$6.58$7.00+6.3%
Q1'26$5.57$5.80+4.1%
Q3'25$5.64$5.70+1.0%
Q2'25$5.12$5.13+0.1%

Revenue

EstBeatMiss
$1.1B$1.2B$1.2B$1.3B$1.4BQ2'25Q3'25Q1'26Q2'26Q3'26Q4'26
QtrEstActual+/−
Q4'26$1.4B - -
Q3'26$1.4B$1.4B-0.2%
Q2'26$1.3B$1.3B+1.0%
Q1'26$1.2B$1.3B+2.2%
Q3'25 - $1.2B -
Q2'25 - $1.1B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
→

Market Data

CPAY Stock Snapshot

BULLISH88/100
$443.47−$3.53 (0.8%)
Market cap
27.49B
P/E ratio
24.1
Day range
$427.97 – $445.00
News sentiment
75/100 · Bullish
Analyst target
$460.67 (+3.9%)
Consensus
Buy · 26 analysts
52-week range+63.5% off low · -7.5% from high
$271.22$479.53
Price $443.47 DailyIQ Est. $476.00

CPAY's technical picture is constructive, with trend and momentum pointing the same direction. Earnings and guidance carry more weight than macro data at this capitalisation.

Reverse DCF

What growth is priced into CPAY?

CHEAP

At today's price, Corpay, Inc. needs to grow free cash flow about 5.5% a year for 3 years, slowing to a long-run rate by year 10, to justify its valuation at a 6.89% cost of capital. Over the last five years its revenue has trended at 11.5% a year, so the market is asking for 6.0 percentage points below its own delivered rate. On that basis CPAY looks priced below what its own growth record supports.

Implied FCF growth
5.5%
Growth trend
11.5%
Growth gap
-6.0 pts
Verdict
CHEAP
Discount rate (WACC)
6.89%
Beta
1.03

Behaviour On Record

What CPAY's own history says about today's numbers

Realized volatility (21d)
24.7% 45th pct
Below its peak
0.0%
vs 200-day average
+19.6%
Up days (1y)
55%

Corpay, Inc. is currently running 24.7% annualised volatility over the last 21 sessions. Measured against CPAY's own 13 years of daily returns rather than a market-wide average, that is the 45th percentile — close to its own typical level, against a typical reading of 25.8%.

CPAY is at its running peak. Across 13 full years on file its median worst-drawdown-in-a-year was -21.0%, with the deepest at -47.5% in 2020.

Price sits +19.6% from its 200-day moving average. Against every other day in its history, that gap ranks at the 90th percentile — a wider gap than this stock usually carries. Over the past year CPAY closed higher on 55% of sessions, and it is currently 2 sessions into a rising streak.

On November specifically: over 13 years of records, CPAY finished the month higher 10 of 13 times, with a median return of +5.2% and an average of +3.4%. Its strongest month historically has been April at +4.1% on average, its weakest March at -2.9%.

Overnight risk is measurable too: CPAY has opened more than 2% away from the prior close in 131 of 3,268 sessions (4.0% of the time), with the largest gaps running +9.2% and -8.1%.

Across the last 3 dated reports on file, CPAY moved an average of 3.4% in the session after earnings, closing higher 3 of those 3 times, with a median move of +1.0% and a largest of +8.2%.

All figures computed from 3,269 daily closes between 2013-11-06 and 2026-11-05, split-adjusted, recomputed daily. Percentiles are against CPAY's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of CPAY's sector?

Corpay, Inc. sits in the Software sector, currently ranked 11th of 12 GICS sectors by relative-strength rotation score (lagging). Within its narrower Software industry group, CPAY ranks 11th of 15 tracked industries, lagging.

Sector rank
#11 of 12
Sector state
Lagging
Sector rotation score
18
Industry rank
#11 of 15

Options Market

What is the options market pricing for CPAY?

CallsPuts

For Corpay, Inc.'s nearest expiry (2026-11-20, 14 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.49), with at-the-money implied volatility around 1.6%. The options market is pricing roughly a ±0.5% move by that expiry — a range of about $442.70–$446.78.

Put/call ratio (2026-11-20)
0.49
ATM implied volatility
1.6%
Total open interest
460
Expected move by 2026-11-20
±0.5% ($442.70–$446.78)

Analyst Consensus Estimates

What do analysts expect CPAY to earn?

Analysts expect Corpay, Inc. to earn $27.43 per share in the fiscal year ending Dec 2026 and $35.72 in the fiscal year ending Dec 2028, from 3 estimates. These are analyst forecasts, not company guidance, and later years rest on fewer analysts.

Quarter endingEPS estimateEPS rangeEPS analystsRevenue estimateRevenue analysts
Sep 2026$7.20$7.12 to $7.4916$1.36B13
Dec 2026$7.43$7.20 to $7.6815$1.36B13
Mar 2027$6.85$6.63 to $7.086~$1.33B-
Jun 2027$7.11$6.07 to $7.766~$1.38B-
Sep 2027$7.76$7.09 to $8.206~$1.51B-
Fiscal year endingEPS estimateEPS rangeEPS analystsRevenue estimateRevenue analysts
Dec 2026$27.43$27.23 to $27.9016$5.32B16
Dec 2027$31.59$29.42 to $34.5016$5.78B15
Dec 2028$35.72$35.14 to $36.363~$6.95B-

Revenue marked ~ is our calculation from the EPS estimate, not analyst consensus.

Analyst Rating Changes

Are analysts turning bullish or bearish on CPAY?

Morgan Stanley most recently reiterated its rating on Corpay, Inc. to Overweight on Oct 28, 2026 with a price target of $460 (from $455). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
Morgan Stanley: Overweight
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Oct 28, 2026Morgan StanleyMaintainedOverweight$455 → $460
Sep 2, 2026ScotiabankInitiatedSector Outperform$536
Aug 31, 2026RBC CapitalMaintainedSector Perform$423 → $438
Aug 25, 2026Wolfe ResearchMaintainedOutperform$475 → $530
Aug 10, 2026Cantor FitzgeraldMaintainedOverweight$415 → $480
Aug 6, 2026JP MorganMaintainedOverweight$400 → $470
Aug 6, 2026UBSMaintainedNeutral$385 → $415
Aug 6, 2026RBC CapitalMaintainedSector Perform$363 → $423
Aug 6, 2026Keefe, Bruyette & WoodsMaintainedOutperform$400 → $470
Jul 28, 2026Morgan StanleyMaintainedOverweight$400 → $415
May 19, 2026Loop CapitalInitiatedBuy$406
Mar 31, 2026BairdMaintainedOutperform$440 → $380

Earnings Release, Scored

What did Corpay, Inc.'s latest earnings release say?

Filed Nov 4, 2026 · SEC Form 8-K, Exhibit 99

Tone63.4/ 100-4.4 vs prior release
Hedging words1.06per 100 words+0.06 vs prior release
Tone, last 3 releasesScale 50–81

Most important lines

  1. 1

    We've delivered 11% organic growth for five of the last six quarters,” concluded Clarke.

    New this quarter
  2. 2

    “Corporate Payments delivered 18% organic revenue growth driven by strong performance in both spend management and cross-border, and we delivered 57.4% EBITDA margins due to the high flow through rate on revenue,” said Peter Walker, chief financial officer, Corpay, Inc. “Through the end of the quarter we've repurchased 5.25 million shares for $1.85 billion, inclusive of the 1.9 million shares repurchased for $747 million in the third quarter," concluded Walker.

    New this quarter
  3. 3

    Organic revenue growth 1 of 11% in the third quarter of 2026.

    New this quarter

Scores describe the release's wording. They are not a forecast.

Read all 77 scored lines →

Peers & ETF holders

CPAY peers & ETF holders

Software - InfrastructureMarket cap · today

Top ETF holdersWeight

News & sentiment

What is the news saying about CPAY?

CPAY rose 9.0% over the month to Nov 6. News tone held between 6 and 100 from Oct 6 to Oct 16, then dropped to 0 on Oct 19.

Daily close and news tone, Oct 6 to Nov 6
$400$425$450Oct 6: tone 75Oct 7: tone 74Oct 8: tone 77Oct 9: tone 26Oct 12: tone 6Oct 13Oct 14: tone 100Oct 15Oct 16: tone 95Oct 19: tone 0Oct 20Oct 21: tone 62Oct 22: tone 76Oct 23: tone 70Oct 26: tone 58Oct 27Oct 28: tone 71Oct 29: tone 71Oct 30: tone 0Nov 2: tone 0Nov 3: tone 50Nov 4: tone 62Nov 5: tone 78Nov 6Oct 6News toneNov 6123
  1. Oct 15 +3.3%
  2. Nov 4 +3.0%same day: Sokin Appoints Former Corpay Leader Christopher Morris as Chief Revenue Officer
  3. Nov 5 +6.8%same day: Corpay Inc (CPAY) (Q3 2026) Earnings Call Highlights: Sixth Straight Quarter of Double-Digit ...
Latest stories naming Corpay

Technical analysis

How strong is CPAY's momentum right now?

On the daily chart CPAY ranks at the 88th percentile for momentum against 1,060 stocks and ETFs, a bullish reading.

Momentum rank by timeframe0 = weakest, 100 = strongest
See what drives the rankThe inputs behind each timeframe's momentum rank, plus RSI, stochastics, Bollinger Bands and moving averages. Free with an account.

Institutional ownership

Are big funds buying or selling CPAY?

89 of the 183 tracked managers added to CPAY in their latest 13F and 90 trimmed. Together they own 84.3% of the company, worth $17.5B. BlackRock and Orbis Allan Gray alone hold 17.9%.

89adding90trimming4unchanged
Largest holders by stake, latest 13FBar = share of CPAY
  1. 1BlackRock, Inc.9.21%
    $1.9B positionTrimmed 7.5% last quarter
  2. 2Orbis Allan Gray Ltd8.73%
    $1.8B positionAdded 1.2% last quarter
  3. 3JPMorgan Chase & Co7.69%
    $1.6B positionTrimmed 1.1% last quarter
  4. 4Vanguard Capital Management LLC6.72%
    $1.4B positionTrimmed 6.0% last quarter
  5. 5FMR LLC (Fidelity)5.40%
    $1.1B positionAdded 24.0% last quarter
  6. 6State Street Corp4.57%
    $943.7M positionTrimmed 3.8% last quarter
  7. 7Boston Partners4.54%
    $939.3M positionAdded 16.1% last quarter
  8. 8Vanguard Portfolio Management LLC4.48%
    $925.4M positionTrimmed 7.2% last quarter
  9. 9Tiger Global Management LLC3.47%
    $716.5M positionAdded 22.7% last quarter
  10. 10Geode Capital Management, LLC2.87%
    $605.8M positionTrimmed 8.7% last quarter
Full holdings history

Congressional trading

Is Congress trading CPAY?

1 member of Congress disclosed 14 CPAY trades between Feb 6, 2025 and Aug 7, 2026: 4 buys and 10 sells, about $185.5K in estimated value.

BuysSellsAprJulOctJan ’26AprJul
BuySell$1K–$15K$15K–$50K$50K–$100K$100K–$250K

What stands out

Click one to highlight its trades in the chart
Full trading history

Discover more

How has CPAY done against its peers?

Over the six months to Nov 6, CPAY returned +45.2%. Of the 15 related stocks and ETFs, 3 did better, led by GTLB at +104.9%.

Change since May 6, through Nov 6
−50%0%+50%+100%+150%May 6JunJulAugSepOctNov 6GTLB +104.9%CPAY +45.2%ORCL −38.0%