Corpay (CPAY) Investor presentation summary

Strategic evolution and market opportunity

• Transitioned from a fleet card provider to a comprehensive corporate payment solutions company, now addressing a $145 trillion global market opportunity for non-payroll business spend.

• Utilizes over 30 proprietary networks globally, making its platform difficult to replicate.

Business segments and services

• Operates three main businesses: corporate payments, vehicle payments, and lodging payments, helping clients manage expenses and pay vendors.

• Corporate payments account for 36% of revenue, vehicle payments 47%, and lodging the remainder.

• Services include expense management, AP automation, cross-border payments, and risk management.

Financial performance and growth

• Achieved $4.5 billion in revenue for 2025, with 10% organic growth and $1.5 billion in adjusted net income.

• Consistent organic revenue growth of 10% or higher in four of the last five years.

• Compound annual growth rate (CAGR) of 13% in revenue and 14% in adjusted net income per share from 2010 to 2026.

• EBITDA margins remain strong, consistently above 50%.