CORPAY, INC.
CPAY · Services-Business Services, NEC · 65.4M shares · -5%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $571M (gross $687M, SBC $116M)
Reference price $352.13 · est. market cap ~$23.0B — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B74gen composite 62pct→74
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- High leverageHigh leverage (debt/equity 3.44)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, Bridgewater Associates, LP
- Weak liquidityCurrent ratio 0.98 (<1)
- Buying back stockNet buyback — share count -5%/yr over 4y
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, FMR LLC, TIGER GLOBAL MANAGEMENT LLC +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
44.0%
Net margin
23.6%
Return on equity
27.5%
Return on assets
4.1%
ROIC
9.1%
Revenue growth (QoQ)
25.4%
Net-income growth
6.6%
Debt / equity
3.4×
Net debt / EBITDA
4.6×
Current ratio
1.0×
Free cash flow
$1.3B
EBITDA
$2.4B
Tangible book value
-$6.9B
Cash & investments
$2.4B
Stock comp / revenue
2.3%
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Clarke Ronald | CEO & Chairman of BOD | — |
| Alissa B. VickeryChief Accounting Officer and Former Interim | Officer | $845K FY2025 |
| King Alan | GroupPresident IntlVehiclePmts | — |
| Netto Armando Lins | GroupPresident Brazil&USVehPmt | — |
| Peter WalkerChief Financial Officer | Officer | $8M FY2025 |
| Ronald F. ClarkeChief Executive Officer and | Officer | $3M FY2025 |
| Tom PantherFormer | Officer | $139K FY2025 |
| Vickery Alissa B | Chief Accounting Officer | — |
| Walker Peter | Chief Financial Officer | — |
| Annabelle Bexiga | Director | $375K FY2025 |
| Archie L. Jones | Director | $300K FY2025 |
| Gerald C. Throop | Director | $300K FY2025 |
| Hala G. Moddelmog | Director | $375K FY2025 |
| Jeffrey S. Sloan | Director | $300K FY2025 |
| Joseph W. Farrelly | Director | $375K FY2025 |
| Rahul Gupta | Director | $300K FY2025 |
| Richard Macchia | Director | $375K FY2025 |
| Steven T. Stull | Director | $375K FY2025 |
| Thomas M. Hagerty | Director | $300K FY2025 |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Netto Armando Lins | Option exercise | 513 | $196.18 |
| 2026-06-15 | Netto Armando Lins | Option exercise | 13K | $200.41 |
| 2026-06-15 | Netto Armando Lins | Option exercise | 37K | $225.45 |
| 2026-06-15 | Netto Armando Lins | Option exercise | 20K | $231.70 |
| 2026-06-15 | Netto Armando Lins | Sell | 70K | $352.13 |
| 2026-06-11 | Netto Armando Lins | Sell | 4.6K | $351.60 |
| 2026-06-02 | Stull Steven T | Sell | 1.0K | $360.78 |
| 2026-05-29 | Netto Armando Lins | Sell | 2.7K | $357.01 |
| 2026-05-28 | Clarke Ronald | Option exercise | 100K | $150.74 |
| 2026-05-28 | Clarke Ronald | Tax withheld | 68K | $352.37 |
| 2026-05-28 | Netto Armando Lins | Sell | 14K | $356.05 |
| 2026-05-27 | Netto Armando Lins | Sell | 418 | $355.08 |
| 2026-05-21 | Clarke Ronald | Tax withheld | 68K | $347.46 |
| 2026-05-21 | Clarke Ronald | Option exercise | 100K | $150.74 |
| 2026-04-22 | Vickery Alissa B | Grant | 348 | — |
| 2026-04-22 | Vickery Alissa B | Tax withheld | 154 | $329.93 |
| 2026-04-22 | Vickery Alissa B | Tax withheld | 224 | $329.93 |
| 2026-04-22 | Vickery Alissa B | Grant | 804 | — |
| 2026-03-17 | Netto Armando Lins | Tax withheld | 760 | $310.22 |
| 2026-02-24 | BEXIGA ANNABELLE G | Grant | 886 | — |
| 2026-02-24 | Walker Peter | Grant | 1.8K | — |
| 2026-02-24 | Throop Gerald C | Grant | 886 | — |
| 2026-02-24 | Sloan Jeffrey Steven | Grant | 886 | — |
| 2026-02-24 | King Alan | Grant | 1.2K | — |
| 2026-02-24 | Moddelmog Hala G | Grant | 886 | — |
| 2026-02-24 | Macchia Richard | Grant | 886 | — |
| 2026-02-24 | Jones Archie L Jr | Grant | 886 | — |
| 2026-02-24 | Gupta Rahul | Grant | 886 | — |
| 2026-02-24 | Farrelly Joseph W | Grant | 886 | — |
| 2026-02-17 | Sloan Jeffrey Steven | Sell | 3.6K | $343.62 |
| 2026-02-14 | Gupta Rahul | Tax withheld | 256 | $337.12 |
| 2026-02-14 | BEXIGA ANNABELLE G | Tax withheld | 175 | $337.12 |
| 2026-02-14 | Throop Gerald C | Tax withheld | 436 | $337.12 |
| 2026-02-14 | Clarke Ronald | Tax withheld | 3.2K | $337.12 |
| 2026-02-14 | King Alan | Grant | 683 | — |
| 2026-02-14 | King Alan | Tax withheld | 250 | $337.12 |
| 2026-02-14 | Netto Armando Lins | Grant | 925 | — |
| 2026-02-14 | Netto Armando Lins | Tax withheld | 411 | $337.12 |
| 2026-02-14 | Netto Armando Lins | Tax withheld | 513 | $337.12 |
| 2026-02-14 | Netto Armando Lins | Tax withheld | 226 | $337.12 |
| 2026-02-14 | Netto Armando Lins | Grant | 1.0K | — |
| 2026-02-14 | Netto Armando Lins | Tax withheld | 467 | $337.12 |
| 2026-02-14 | Netto Armando Lins | Grant | 1.7K | — |
| 2026-02-14 | Netto Armando Lins | Tax withheld | 247 | $337.12 |
| 2026-02-14 | Netto Armando Lins | Grant | 1.0K | — |
| 2026-02-14 | Netto Armando Lins | Tax withheld | 454 | $337.12 |
| 2026-02-14 | King Alan | Tax withheld | 343 | $337.12 |
| 2026-02-14 | King Alan | Tax withheld | 129 | $337.12 |
| 2026-02-14 | King Alan | Grant | 1.0K | — |
| 2026-02-14 | King Alan | Tax withheld | 384 | $337.12 |
| 2026-02-14 | King Alan | Grant | 1.3K | — |
| 2026-02-14 | King Alan | Tax withheld | 157 | $337.12 |
| 2026-02-14 | King Alan | Grant | 623 | — |
| 2026-02-14 | King Alan | Tax withheld | 228 | $337.12 |
| 2026-02-14 | Walker Peter | Grant | 1.3K | — |
| 2026-02-14 | Walker Peter | Tax withheld | 318 | $337.12 |
| 2026-02-14 | Vickery Alissa B | Tax withheld | 167 | $337.12 |
| 2026-02-14 | Clarke Ronald | Tax withheld | 2.9K | $337.12 |
| 2026-02-14 | Clarke Ronald | Grant | 6.6K | — |
| 2026-02-14 | Clarke Ronald | Tax withheld | 3.0K | $337.12 |
| 2026-02-14 | Moddelmog Hala G | Tax withheld | 216 | $337.12 |
| 2026-02-14 | Macchia Richard | Tax withheld | 216 | $337.12 |
| 2026-02-14 | Jones Archie L Jr | Tax withheld | 216 | $337.12 |
| 2026-02-10 | Vickery Alissa B | Sell | 725 | $358.31 |
| 2026-02-10 | Vickery Alissa B | Tax withheld | 3.4K | $358.91 |
| 2026-02-10 | Vickery Alissa B | Sell | 976 | $358.91 |
| 2026-02-10 | Vickery Alissa B | Option exercise | 4.4K | $224.99 |
| 2026-01-24 | Vickery Alissa B | Tax withheld | 69 | $320.52 |
| 2026-01-23 | Netto Armando Lins | Tax withheld | 1.4K | $327.14 |
| 2026-01-23 | King Alan | Tax withheld | 490 | $327.14 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-22 | Material agreementReg FDExhibits | filing ↗ |
| 2026-05-12 | Reg FD | filing ↗ |
| 2026-05-12 | Shareholder vote | filing ↗ |
| 2026-05-07 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-27 | Reg FDExhibits | filing ↗ |
| 2026-02-26 | 5.08Other | filing ↗ |
| 2026-02-05 | Acquisition/dispositionExhibits | filing ↗ |
| 2026-02-04 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-22 | 2026-05-21 | 0001175454-26-000040 ↗ |
| 8-K | 2026-05-12 | 2026-05-12 | 0001175454-26-000036 ↗ |
| 8-K | 2026-05-12 | 2026-05-07 | 0001175454-26-000034 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001175454-26-000032 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001175454-26-000029 ↗ |
| 8-K | 2026-04-27 | 2026-04-27 | 0001175454-26-000027 ↗ |
| DEF 14A | 2026-04-10 | 2025-12-31 | 0001175454-26-000022 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001175454-26-000018 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001175454-26-000015 ↗ |
| 8-K/A | 2026-02-05 | 2025-10-31 | 0001175454-26-000010 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0001175454-26-000008 ↗ |
| 8-K | 2026-01-22 | 2026-01-22 | 0001175454-26-000002 ↗ |