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Corpay Inc CPAY

Corpay Inc scores excellent on business quality (7.9 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$397.92Oct 10, 2026
Business qualityExcellent
Next earningsNov 2, 2026, after the close
Insiders, 90 daysSelling

Why it matters

  1. What Corpay Inc does

    Corpay processes corporate payments, helping businesses manage vehicle fleets, lodging, and cross-border expenses through specialized payment networks. Corporate clients rely on its proprietary platforms to control employee spending and automate B2B transactions.

  2. What it does best

    Corpay delivers elite cash conversion, generating $1.6B in free cash flow on $5.0B in revenue. Its proprietary closed-loop fleet networks create massive switching costs for commercial trucking clients, outperforming PayPal's 19% FCF margin with a robust 32% FCF margin.

  3. The main risk

    Net debt sits at $7.6B against $2.4B in cash, creating leverage sensitivity if macroeconomic conditions soften and transaction volumes contract across its corporate payment rails.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityStrong

Operating margin stands at 40.4% with an ROE of 30.4%, proving that high transaction volumes drive increasing profitability as the network scales.

MoatStrong

Switching costs protect its corporate and fleet customer base, backed by a gross margin of 78.9% that places it firmly in the sector's upper half.

GrowthSteady

Revenue grew 13.9% to reach $5.0B, outpacing historical periods and landing in the top quartile of its sector at the 75th percentile.

Financial healthStrong

Total debt is $10.0B while free cash flow reaches $1.6B, providing steady liquidity that keeps the balance sheet on a strengthening path.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

4 sold $113.4M outside pre-planned sales.

Our sealed record on CPAY

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is CPAY a good business?

Corpay Inc scores excellent on the Cluenex quality check (7.9 of 10), measured against its own industry. Profitability is strong, moat strong, growth steady and financial health strong.

Are insiders buying CPAY?

In the last 90 days of SEC Form 4 filings: 4 sold $113.4M outside pre-planned sales.

When does CPAY report earnings?

Nov 2, 2026, after the close.

For members

See CPAY today

  • Today's verdict on CPAY, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Corpay Inc (CPAY)”, https://cluenex.com/stocks/cpay/, data as of Oct 10, 2026.