Analyst Consensus ?
ConsensusBuy18 ratings
Bullish1477.8%
Neutral422.2%
Bearish00.0%
Corpay, Inc. · CPAY · FY2025 Q3 · Calendar Q4 2025
CPAY Q3: 14% Growth, Raised Guidance and Payments Focus
The quarter strengthens the constructive case for CPAY: growth remained double digit, guidance was raised, and Corporate Payments plus Vehicle Payments were both expanding. The case still depends on sustaining payments momentum while executing acquisitions, divestitures, and newer stablecoin initiatives.
Reported After market closeNYSETechnology
$25.40B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$5.70
Consensus $5.63
EPS surprise
+1.2%
Reported versus consensus
Reported revenue
$1.17B
Consensus $1.16B
Revenue surprise
+0.8%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+6.2%
Event window
SPY move
-1.1%
Same window
Abnormal move
+7.3%
Stock minus SPY
Volume
1.7×
Versus trailing sessions
Subsequent drift
+11.7%
Up to 20 sessions
CPAYSPY benchmark
Ask FN2 about CPAY FY2025 Q3
Transcript, numbers and history already loaded
Why did CPAY rise 6.2% after beating EPS estimates in FY2025 Q3?What changed in CPAY's guidance and outlook in FY2025 Q3?Give me the bull and bear case for CPAY after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Versus the prior quarter, Q3 showed faster reported growth, continued double-digit organic expansion, a return to 10% organic growth in Vehicle Payments, and higher full-year guidance. Management also provided more detail on Alpha and Avid, stablecoin infrastructure, divestitures, and AI-led efficiency efforts.
Guidance delta
Management raised full-year 2025 revenue guidance to $4.515 billion and EPS guidance to $21.24.
Key takeaways
- Q3 revenue and cash EPS each increased 14% year over year, with 11% organic growth.
- Corporate Payments delivered 17% organic growth despite a float headwind; Vehicle Payments returned to 10% organic growth.
- Alpha and Avid are expected to contribute about $0.75 of EPS accretion in 2026.
- Management is building stablecoin and digital-wallet infrastructure for after-hours and crypto-related payment flows.
Management priorities
- Scale the Corporate Payments suite toward the $10 billion revenue opportunity.
- Roll out stablecoin wallet and on-ramp/off-ramp infrastructure.
- Pursue additional Corporate Payments acquisitions and integrate Alpha and Avid.
- Execute divestitures and reinvest proceeds in growth while using AI and cost-efficiency initiatives to expand margins.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$389.73Current
$285Low
$405.57Average
$536High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 1, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 31, 2026 |
| Wolfe Research | Outperform | Outperform | Maintain | Aug 25, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Aug 10, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 6, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Aug 6, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 6, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 28, 2026 |
| Baird | Outperform | Outperform | Maintain | Mar 31, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Feb 6, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jan 12, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Aug 7, 2025 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Apr 24, 2025 |
| Barclays | Overweight | Overweight | Maintain | Apr 14, 2025 |
| BMO Capital | Outperform | Outperform | Maintain | Dec 13, 2024 |
| Citigroup | Buy | Buy | Maintain | Nov 14, 2024 |
| Jefferies | Buy | Buy | Maintain | Oct 16, 2024 |
| B of A Securities | Buy | Buy | Maintain | Oct 15, 2024 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jun 25, 2024 |
Named analyst price targets
Upside is calculated against the persisted current price $389.73. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Scotiabank | Analyst unavailable | $536 | $404.81 | +37.5% | Sep 2, 2026 |
| RBC Capital | Analyst unavailable | $438 | $407.88 | +12.4% | Aug 31, 2026 |
| Wolfe Research | Analyst unavailable | $530 | $413.92 | +36.0% | Aug 25, 2026 |
| Cantor Fitzgerald | Ramsey El-Assal | $480 | $397.2 | +23.2% | Aug 10, 2026 |
| Morgan Stanley | Analyst unavailable | $455 | $397.55 | +16.7% | Aug 7, 2026 |
| Robert W. Baird | David Koning | $475 | $394.15 | +21.9% | Aug 6, 2026 |
| UBS | Analyst unavailable | $415 | $390.5 | +6.5% | Aug 6, 2026 |
| RBC Capital | Analyst unavailable | $423 | $394.53 | +8.5% | Aug 6, 2026 |
| Wolfe Research | Darrin Peller | $475 | $394.53 | +21.9% | Aug 6, 2026 |
| Raymond James | Madison Suhr | $442 | $394.53 | +13.4% | Aug 6, 2026 |
| Morgan Stanley | Michael Infante | $415 | $379.71 | +6.5% | Jul 28, 2026 |
| Wolfe Research | Analyst unavailable | $450 | $359.82 | +15.5% | Jun 3, 2026 |
| Loop Capital Markets | Analyst unavailable | $406 | $348.5 | +4.2% | May 18, 2026 |
| Morgan Stanley | Analyst unavailable | $400 | $343.99 | +2.6% | May 10, 2026 |
| Oppenheimer | Analyst unavailable | $388 | $338.65 | -0.4% | May 8, 2026 |
| Raymond James | John Davis | $361 | $324.33 | -7.4% | Mar 5, 2026 |
| UBS | Analyst unavailable | $380 | $354.96 | -2.5% | Feb 10, 2026 |
| Mizuho Securities | Dan Dolev | $340 | $335 | -12.8% | Feb 6, 2026 |
| RBC Capital | Analyst unavailable | $363 | $331.01 | -6.9% | Feb 5, 2026 |
| Oppenheimer | Analyst unavailable | $378 | $331.13 | -3.0% | Feb 5, 2026 |
| Morgan Stanley | Michael Infante | $390 | $300.28 | +0.1% | Feb 5, 2026 |
| Cantor Fitzgerald | Ramsey El-Assal | $385 | $324 | -1.2% | Jan 26, 2026 |
| Morgan Stanley | Analyst unavailable | $379 | $320.52 | -2.8% | Jan 26, 2026 |
| Oppenheimer | Rayna Kumar | $380 | $297.39 | -2.5% | Dec 5, 2025 |
| Williams Trading | Trevor Williams | $300 | $260.35 | -23.0% | Nov 3, 2025 |
| Morgan Stanley | James Faucette | $356 | $301.7 | -8.7% | Aug 10, 2025 |
| Raymond James | John Davis | $392 | $304.5 | +0.6% | Aug 7, 2025 |
| Robert W. Baird | David Koning | $440 | $350.59 | +12.9% | Jun 10, 2025 |
| BMO Capital | Rufus Hone | $400 | $366.01 | +2.6% | Nov 8, 2024 |
| Mizuho Securities | Dan Dolev | $265 | $335.47 | -32.0% | Oct 29, 2024 |
| Morgan Stanley | James Faucette | $325 | $338.92 | -16.6% | Oct 29, 2024 |
| Williams Trading | Trevor Williams | $375 | $306.88 | -3.8% | Sep 18, 2024 |
| Williams Trading | Trevor Williams | $350 | $297.52 | -10.2% | Jul 18, 2024 |
| Barclays | Ramsey El-Assal | $330 | $267.15 | -15.3% | Jun 22, 2024 |
| Wells Fargo | Andrew Bauch | $285 | $257.92 | -26.9% | Jun 5, 2024 |
| Barclays | Ramsey El-Assal | $350 | $283.44 | -10.2% | May 13, 2024 |
| BMO Capital | Rufus Hone | $350 | $290.74 | -10.2% | May 9, 2024 |
| RBC Capital | Daniel Perlin | $310 | $304.5 | -20.5% | May 9, 2024 |
| Barclays | Ramsey El-Assal | $355 | $296.29 | -8.9% | Apr 16, 2024 |
| Williams Trading | Trevor Williams | $355 | $305.72 | -8.9% | Apr 12, 2024 |
Track every rating change on CPAY the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationCorpay, Inc. operates as a global financial technology firm, delivering payment solutions that assist both businesses and individual consumers in efficiently managing a diverse range of expenditures. Its expertise primarily covers vehicle-related costs, corporate financial transactions, and lodging expenses, with operations spanning the United States, Brazil, the United Kingdom, and numerous other international markets. Among its specialized services are comprehensive vehicle payment offerings, which include provisions for fuel, road tolls, parking fees, fleet maintenance, and long-distance transportation. The company also supplies prepaid vouchers and cards for food and transit requirements.…
Historical context
All CPAY earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | — | +17.1% | Accenture: AI demand supports FY27 growth outlook, with execution risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
Who reports nextBeat on EPS
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
- MUFY2026 Q4 · September 30, 2026+5.4% EPS+0.0% move
- CCLFY2026 Q3 · September 29, 2026+5.9% EPS+13.4% move
- COSTFY2026 Q4 · September 24, 2026+3.2% EPS+2.9% move
Get the CPAY recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-01T22:56:05.421600+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-01T22:56:05.418085+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-01. For educational purposes only; not investment advice.