Welcome to our dedicated page for CORPAY news (Ticker: CPAY), a resource for investors and traders seeking the latest updates and insights on CORPAY stock.
Corpay, Inc. (NYSE: CPAY) is a global S&P 500 corporate payments company that regularly issues news on its business performance, acquisitions, partnerships and product launches. As a provider of commercial cards, accounts payable automation and cross-border payment solutions, Corpay’s updates often highlight developments across its Vehicle Payments, Corporate Payments, Lodging Payments and Cross-Border activities.
On this news page, readers can follow Corpay announcements about financial results, including quarterly earnings updates and guidance discussions that the company furnishes through press releases and related 8-K filings. These communications provide context on organic revenue trends across segments such as Corporate Payments and U.S. Vehicle Payments, as well as commentary from senior leadership on business conditions and strategic priorities.
Corpay also publishes news on mergers, acquisitions and investments, such as the completion of its acquisition of Alpha Group International plc and its minority investment in AvidXchange, as well as credit facility amendments that support these transactions. In addition, the company announces strategic partnerships, including cross-border collaborations with organizations like Mastercard, the National Hockey League and BLAST, which showcase how Corpay’s foreign exchange and global payment capabilities are applied in financial services, sports and entertainment.
Product and solution updates form another important category of Corpay news. Examples include the launch of USCIS Navigator, an automated payment solution built to help U.S. immigration law firms comply with new USCIS payment requirements by using virtual cards and automated form generation. Research and thought leadership from Corpay-affiliated businesses, such as Alpha Group’s work on FX volatility and liquidity risk, also appear in the news flow.
Investors, customers and analysts can use this page to monitor Corpay’s latest announcements across earnings, corporate development, partnerships, product innovation and risk management research, and to track how the company’s corporate payments and cross-border solutions evolve over time.
USAA Perks® and CarAdvise have launched the CarAdvise Fuel program, offering USAA members a 5 cents per gallon discount at over 60,000 fuel locations nationwide. The program, powered by Corpay (NYSE: CPAY), includes major brands like Speedway, 7-Eleven, Casey's, ARCO, Chevron, ExxonMobil, and more.
This initiative expands upon CarAdvise's existing partnership with USAA, which has provided car maintenance savings to members since 2020. The program particularly benefits active-duty military members and their families, demonstrating USAA Perks'® commitment to supporting service members' financial well-being.
Corpay (NYSE: CPAY) has announced the establishment of a new office for its Cross-Border business in Luxembourg, marking a strategic expansion in Europe. The move aims to enhance service offerings for institutional clients and strengthen the company's presence in key financial markets.
Luxembourg, being the largest financial center in the Eurozone and third largest in Europe, presents significant opportunities as the leading jurisdiction for cross-border international fund setups. The location is particularly strategic given that nearly 50% of Luxembourg's workforce is engaged in financial services.
The expansion includes the introduction of institutional solutions such as global multi-currency accounts, global payments, and transaction support services. Roman Sokolowski has been appointed as the branch manager for the new Luxembourg office.
Corpay Cross-Border (NYSE: CPAY) has announced a partnership with SK Slavia Praha, becoming their Official Foreign Exchange Partner. Through this collaboration, SK Slavia Praha will gain access to Corpay's innovative solutions to:
- Mitigate foreign exchange exposure for day-to-day business needs
- Manage global payments through a single access point using Corpay's award-winning platform
The partnership represents a strategic move for Corpay to expand its brand presence and corporate payments business globally, while aligning with one of Czech First League's most successful football clubs.
Corpay (NYSE: CPAY), a global S&P 500 corporate payments company, has announced its participation in three major investor conferences in March 2025:
- Raymond James Institutional Investors Conference in Orlando, FL on March 3, featuring investor meetings
- Morgan Stanley TMT Conference in San Francisco, CA on March 5, featuring investor meetings
- Wolfe FinTech Forum in New York, NY on March 12, including a fireside chat at 2:30 PM ET
The Wolfe presentation will be accessible to investors and interested parties through Corpay's investor relations website at https://investor.corpay.com/.
Corpay (NYSE: CPAY), a global S&P 500 corporate payments company, has announced a $750 million increase to its Term Loan B credit facility. The leverage-neutral transaction maintains the existing interest rate and maturity terms. The company plans to initially use the proceeds to pay down its revolver balance, resulting in approximately $1.5 billion of undrawn capacity on the revolver.
The transaction received oversubscribed demand, demonstrating market confidence in Corpay's earnings potential. Both Moody's and S&P Global maintained their credit ratings of Ba1 and BB+ respectively, with a stable outlook. The company's management expressed confidence in their 2025 EBITDA and free cash flow outlook, stating they can execute their capital plan without increasing leverage ratio.
Corpay Cross-Border (NYSE: CPAY) has been named the Official Foreign Exchange Payments Supplier for the Federation Internationale de Gymnastique (FIG), the world governing body for gymnastics recognized by the International Olympic Committee.
Through this partnership, FIG will utilize Corpay's solutions to mitigate foreign exchange exposure in their daily operations. The organization will have access to Corpay Cross-Border's award-winning platform to manage global payments from a single access point.
The agreement will benefit FIG's network of 165 national member federations and corporate business partners, providing them access to comprehensive cross-border payments and FX risk management solutions. FIG President Morinari Watanabe expressed enthusiasm about the collaboration, highlighting its potential to streamline the federation's numerous foreign currency transactions.
Corpay (NYSE: CPAY) has launched Multi-Currency Accounts, enabling businesses to manage local and foreign currencies through a single access point. The solution addresses common challenges in international transactions by providing dedicated accounts for different currencies under the business's name.
The service completed a pilot phase and is launching with 12 major traded currencies. Key benefits include simplified currency exchanges, increased payor confidence through local currency accounts, streamlined accounting with unique account identifiers, and 24/7 online access for global communication and multi-currency management.
The development process incorporated customer feedback and industry research to create a solution that helps businesses overcome challenges like complex foreign bank account management, language barriers, and unpredictable rates and fees.
Corpay (NYSE: CPAY) reported strong Q4 2024 results with record revenues of $1,034.4 million, up 10% from Q4 2023. The company achieved 12% organic revenue growth and 21% adjusted EPS growth in Q4, exceeding mid-term targets. Corporate Payments segment grew 20% for the full year.
For full-year 2024, revenues increased 6% to $3,974.6 million, with net income rising 2% to $1,003.7 million. The company deployed over $2.5 billion in capital, including two Corporate Payments acquisitions and $1.3 billion in stock repurchases.
Looking ahead to 2025, Corpay projects revenue growth of 10-12%, with total revenues expected between $4,350-4,450 million. The company forecasts adjusted net income per diluted share between $20.75-21.25 and approximately $1.5 billion in free cash flow.
Corpay (NYSE: CPAY) has announced the signing of definitive documents to acquire Gringo, a leading Brazilian vehicle registration and compliance payment company. Gringo operates as a super app for car drivers in Brazil, facilitating instant payments for vehicle taxes, registration, and fines through its digital platform and national network.
The acquisition marks Corpay's second deal in the 'car debts' category. Gringo currently serves 2.5 million monthly active users and is experiencing over 30% annual revenue growth. The car debts addressable segment is approximately three times larger than tolls and less penetrated, offering significant growth potential.
The deal is expected to increase Brazil's overall organic revenue growth rate by three percentage points this year. Corpay plans to integrate its full suite of vehicle payment products, including tolls, fuel, parking, and insurance, with Gringo's platform. The transaction is pending regulatory approval and anticipated to close near the end of Q1 2025.
GasBuddy has launched its new Pay with GasBuddy+™ card, offering drivers up to 33 cents per gallon savings on fuel purchases. The card, powered by Corpay (NYSE: CPAY), extends beyond fuel discounts to provide savings at convenience stores nationwide where Mastercard is accepted.
Key benefits include: 3¢/gal on every fill-up, 5¢/gal at select stations, up to 30¢/gal with activated Deal Alerts, and 3¢/gal savings for every $25 spent on non-fuel purchases inside convenience stores. Premium cardholders can save up to 50¢/gal with activated Deal Alerts.
With Americans spending $2,000 to $4,000 annually on fuel, the card's savings potential could result in hundreds of dollars in annual savings. The card is available for free signup with no credit check required.