Shares of Corpay, Inc. CPAY have had a decent run over the past month. The stock has gained 10.9%, outperforming the industry’s 2.5% growth. The Zacks S&P 500 composite gained 5.2% during the said time frame.
The company’s second-quarter 2026 earnings are expected to increase 27.9% year over year. Its 2026 and 2027 earnings are projected to rise 25.6% and 13.7%, respectively. Revenues are anticipated to grow 17.3% in 2026 and 8.9% in 2027.
Factors That Bode Well for CPAY
Corpay’s growth is primarily driven by its Corporate Payments segment. The company is also benefiting from its multi-channel approach to market and sell its commercial payment solutions, which incorporates a comprehensive digital channel, direct sales forces and partner relationships.
Corpay, Inc. Revenue (TTM)
Corpay, Inc. revenue-ttm | Corpay, Inc. Quote
The success of CPAY and its Corporate Payments segment is driven by strong execution, accelerating cross-border activity and continued portfolio transformation efforts. Per the company’s last reported quarter, the Corporate Payments unit generated organic year-over-year revenue growth of 16%, representing 40% of total company revenues.
CPAY continues to deliver strong results in the approximately equal-sized Vehicle Payment segment, supported by demand in the United States, Europe and Brazil. The company reported 10% year-over-year organic growth in this segment in the first quarter of 2026. It continues to develop new brand advertisements to raise awareness while exploring new monetization options with its merchant and vendor base through instant payment options, debit card payments, and eChecks. Recently, it acquired a second local vehicle debt company to accelerate non-toll revenue growth in Brazil.
The company also pursues acquisitions and investments to drive long-term growth. It acquired Alpha Group International plc in November 2025, a European business-to-business cross-border foreign exchange solution firm, to access an international bank account product and the asset management market segment, expanding its global customer reach. CPAY’s investments in AvidXchange continued to perform strongly. Per management, Avid delivered 50% year over year EBITDA growth in the first quarter of 2026, while sales rose more than 20%.
CPAY: Key Risks to Watch
Corpay’s global presence makes it vulnerable to risks related to foreign currency exchange rate fluctuations. Outside the United States, the company transacts in currencies such as the British pound, the Brazilian real, the Canadian dollar, the Russian ruble, the Mexican peso, the Czech koruna, the euro, the Australian dollar and the New Zealand dollar. Any appreciation or depreciation of these currencies against the U.S. dollar impacts the company’s bottom line.
CPAY’s current ratio (a measure of liquidity) at the end of the first quarter of 2026 was 0.98, lower than the industry's 1.14. A current ratio of less than 1 indicates that the company might be inefficient in its ability to pay off short-term obligations.
CPAY’s Zacks Rank & Stocks to consider
Corpay currently carries a Zacks Rank of #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A couple of better-ranked stocks in the Zacks Business Services sector are FactSet Research Systems Inc. FDS and TransUnion TRU.
FactSet Research Systems Inc. carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 6.5%.
FDS beat earnings estimates in two of the last four reported quarters and missed twice, delivering an earnings surprise of 0.4% on average.
TransUnion also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 13.5%.
TRU beat earnings estimates in each of the last four quarters, with the earnings surprise being 6.3%, on average.
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This article originally published on Zacks Investment Research (zacks.com).