CPAY at a glance
Corpay (CPAY, SEC CIK 1175454) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 5, 2026 and Form 4 insider filings as recently as August 25, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Corpay (CPAY) reported revenue of $4.5 billion (up 13.9% from FY2024) and net income of $1.1 billion. Diluted EPS was $15.03.
- As of June 30, 2026, 39 institutional investment managers tracked by SignalX reported holding Corpay (CPAY) shares worth $11.5 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Clarke Ronald on August 25, 2026 of 193 shares at $415.11 per share.
- In the last 90 days, CPAY insiders reported 0 open-market purchases ($0) and 36 open-market sales ($113.4M) on Form 4, a net sale of $113.4M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $4.5B
- +13.9% vs prior year
- Insiders · 90 days
- 0 buys · 36 sells
- Net −$113.4M
- 13F holders
- 39 funds
- $11.5B · +0 vs prior quarter
- Latest 8-K
- Aug 5, 2026
- Item 7.01 · Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Global B2B payments platform spanning Corporate Payments, Vehicle Payments, Lodging Payments: volume-driven recurring revenue across 4 continents
- AI-enabled spend analytics and unified Spend Management platform (virtual + purchasing + T&E cards in single system) explicitly emphasized as new capability
- Stablecoin integration for cross-border liquidity movement disclosed as active capability: unusual for a corporate payments filer
- Technology spend $408M in 2025; 99.9%+ authorization uptime; ~11,800 employees across 34 countries, ~4,300 U.S.-based
- New CFO Peter Walker appointed July 2025, replacing prior leadership: notable mid-year C-suite transition
Risk Factors
- FTC Order (June 8, 2023, U.S. District Court Northern District of Georgia) mandates advertising, contracting, and reporting compliance for U.S. fuel card business; non-compliance risks significant fines
- ~51% of revenue denominated in non-USD currencies (BRL, GBP, EUR, CAD, AUD, MXN, CZK, NZD); ~8% of consolidated revenue directly tied to absolute fuel prices
- $10.0B debt outstanding under Credit Facility and Securitization Facility as of December 31, 2025; floating-rate exposure creates earnings sensitivity to rate volatility
- Goodwill and intangibles ~41% of total assets at December 31, 2025; impairment losses already recorded, further write-downs possible
- AI adoption by competitors risks disintermediation of Corpay's offerings; stablecoin/blockchain payments could erode cross-border solution reliant on traditional bank relationships
Management Discussion & Analysis
- Revenue $4,528M, up 13.9% YoY ($553.8M increase); organic growth 10%, acquisitions contributed 5%
- Operating margin 44.0% vs 45.0%; adjusted EBITDA margin 56.6% vs 57.1%; effective tax rate rose to 30.5% vs 27.5%
- Best segment: Corporate Payments revenue +33.8% to $1,635M; worst: Lodging Payments revenue -3.9% to $469.5M, operating income -12.8%
- Operating cash flow $1,499.9M vs $1,940.6M; capex $200.8M; buybacks $505.2M (2,568,667 shares); no dividend noted
- Key risks: Alpha acquisition ($2.4B) adds leverage; Mastercard put option exercisable Aug 2027; "One Big Beautiful Bill Act" tax impact still being evaluated; PayByPhone sale ($450M) pending H1 2026
AI summary of the CPAY 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly revenue $1,338.8M, up $236.8M or 21% YoY from $1,102.0M
- Adjusted EBITDA margin 57.3% vs 56.3% YoY
- Best segment Corporate Payments revenue $548.7M, up 42% YoY
- Worst segment Lodging Payments revenue $123.2M, up 3% YoY
- PayByPhone sale generated $421.7M proceeds; Maintenance sale expected in second half of 2026 for approximately $800M
Risk Factors
- No Risk Factors section provided in the submitted excerpt
- Stock-repurchase authorization increased $1.0 billion to $11.1 billion on April 23, 2026
- Remaining repurchase authorization $1.4 billion as of June 30, 2026
- No defaults upon senior securities reported in the quarter
AI summary of the CPAY 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Earnings release supplement posted in Corpay’s investor-relations website
- Supplement likely provides additional context to the company’s fiscal 2026 earnings disclosure
Item 2.02: Results of Operations and Financial Condition
- Q2 and first-half 2026 results announced for periods ended June 30, 2026
- Exhibit 99.1 contains the detailed financial results and management commentary
Item EX-99.1: Item EX-99.1
- Q2 revenue $1,338.8M, up 21%; organic growth 10%, led by Corporate Payments’ 16% organic growth
- Adjusted EPS $7.00, up 36%; adjusted EBITDA $767.2M, up 24%, indicating strong underlying operating momentum
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Special PSU grants align Ronald Clarke and Armando Netto compensation with shareholder returns through August 31, 2028
- Clarke received 300,000 PSUs; Netto received 28,213 PSUs
Item 1.01: Entry into a Material Definitive Agreement
- Exhibit 99.1 is furnished, not filed under Exchange Act Section 18
- Exhibit content carries no Section 18 liability unless expressly incorporated by reference
Item 7.01: Regulation FD Disclosure
- Corpay completed the refinancing referenced in the filing, indicating replacement or restructuring of existing debt
- Refinancing may affect future interest expense, maturities, liquidity, and financial flexibility
AI summaries of CPAY 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CPAY
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Clarke Ronald | Sell | Aug 25, 2026 | 193 | $415.11 |
| Clarke Ronald | Sell | Aug 25, 2026 | 15,575 | $411.49 |
| Clarke Ronald | Sell | Aug 25, 2026 | 50,504 | $412.58 |
| Clarke Ronald | Sell | Aug 25, 2026 | 9,581 | $414.57 |
| Clarke Ronald | Sell | Aug 25, 2026 | 12,109 | $410.56 |
| Clarke Ronald | Sell | Aug 25, 2026 | 24,670 | $413.42 |
| Clarke Ronald | Sell | Aug 25, 2026 | 6,854 | $409.56 |
| Clarke Ronald | Sell | Aug 24, 2026 | 7,545 | $418.08 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $4.0B | $4.5B |
| Operating Income | $1.7B | $1.8B | $2.0B |
| Net Income | $981.9M | $1.0B | $1.1B |
| Op. Margin | - | 45.0% | 44.0% |
| Net Margin | - | 25.3% | 23.6% |
| Balance Sheet | |||
| Total Assets | - | $18.0B | $26.4B |
| Equity | - | $3.1B | $3.9B |
| ROE | - | 32.1% | 27.5% |
| Per Share | |||
| EPS | - | $13.97 | $15.03 |
| Cash Flow | |||
| Operating CF | $2.1B | $1.9B | $1.5B |
| CapEx | $153.8M | $175.2M | $200.8M |
Source: XBRL data in Corpay (CPAY)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CPAY share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 39 | $11.49B |
| Q1 2026 | 39 | $9.83B |
| Q4 2025 | 37 | $10.80B |
| Q3 2025 | 38 | $11.61B |
| Q2 2025 | 37 | $12.38B |
| Q1 2025 | 33 | $8.77B |
| Q4 2024 | 31 | $6.48B |
| Q3 2024 | 27 | $2.59B |
- FMR LLC (Fidelity)+647.1K (+24%)
- Tiger Global Management+397.7K (+23%)
- AQR Capital Management+242.7K (+65%)
- T. Rowe Price Group+203.8K (+9%)
- Millennium Management+92.7K (+2894%)
- BlackRock−463.6K (-8%)
- Vanguard Capital Management LLC−264.8K (-6%)
- Vanguard Portfolio Management LLC−215.0K (-7%)
- State Street Corp−111.1K (-4%)
- JPMorgan Chase & Co−55.0K (-1%)
- D.E. Shaw & Co−15.5K
Source: 13F-HR filings on SEC EDGAR (aggregated from 281 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CPAY filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Aug 25, 2026 | - | - | - |
| 4 | Aug 25, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 20, 2026 | - | - | - |
| 4 | Aug 18, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| SC 13G | Aug 6, 2026 | - | - | |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 8-K | Jul 24, 2026 | - | Analysis | - |
| 4 | Jul 24, 2026 | - | - | - |
| 4 | Jul 24, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | May 29, 2026 | - | - | |
| 4 | May 29, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 8-K | May 22, 2026 | - | Analysis | |
| 8-K | May 12, 2026 | - | Analysis | |
| 8-K | May 12, 2026 | - | Analysis | |
| 10-Q | May 8, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 7, 2026 | - | Analysis |
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CPAY SEC filings: frequently asked questions
Are CPAY insiders buying or selling?
In the last 90 days, Corpay (CPAY) officers, directors and 10% owners reported no open-market purchases and 36 open-market sales worth $113.4 million by 4 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold CPAY stock?
As of June 30, 2026, the largest Corpay (CPAY) holders among the 13F filers tracked by SignalX were BlackRock ($1.9 billion), JPMorgan Chase & Co ($1.6 billion), Vanguard Capital Management LLC ($1.4 billion), FMR LLC (Fidelity) ($1.1 billion), State Street Corp ($943.7 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CPAY's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Corpay (CPAY) reported revenue of $4.5 billion (up 13.9% from FY2024) and net income of $1.1 billion. Diluted EPS was $15.03. The figures come from the XBRL data in the 10-K.
What are the main risks in CPAY's latest 10-K?
In the 10-K filed February 27, 2026, Corpay (CPAY) flagged: FTC Order (June 8, 2023, U.S. District Court Northern District of Georgia) mandates advertising, contracting, and reporting compliance for U.S. fuel card business; non-compliance risks significant fines. ~51% of revenue denominated in non-USD currencies (BRL, GBP, EUR, CAD, AUD, MXN, CZK, NZD); ~8% of consolidated revenue directly tied to absolute fuel prices. (AI summary of the Risk Factors section.)
What did CPAY report in its latest 8-K?
Corpay (CPAY) filed an 8-K on August 5, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 2.02 (Results of Operations and Financial Condition). Earnings release supplement posted in Corpay’s investor-relations website.
What are the latest CPAY SEC filings?
Corpay (CPAY) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 5, 2026 and a Form 4 insider filing on August 25, 2026.
What is CPAY's SEC CIK number?
Corpay (CPAY)'s SEC Central Index Key (CIK) is 1175454. EDGAR lists every CPAY filing under that number.
Ask anything about CPAY
The research agent reads CPAY's filings, financials, insider trades and 13F holders, then answers with sources.