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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
$20B
P/E ratio
~19×
Div yield
None
EPS (TTM)
~$15 GAAP
Profit margin
~24%
Rev. growth
+14%
Revenue
$4.5B
Free cash flow
~$1.4B
In plain English
Corpay (the former FLEETCOR, renamed in 2024) is a B2B payments company that earns a thin slice every time a business spends money — fuel and fleet cards for trucks and vans, corporate AP automation and cross-border payments for companies, and lodging payments for travelling workforces. It has grown by buying dozens of niche payments businesses (Comdata, Cambridge, GPS, Alpha) and is now rotating toward corporate cross-border, where Mastercard took a minority stake in 2025.
In simple terms
How Corpay sits in the payments chain
Banks fund the credit and Mastercard/Visa provide the rails; Corpay's platform issues the cards and automates the payments, splitting into fuel/fleet, corporate AP, cross-border and lodging products that serve fleets, businesses and travelling workforces.
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