Corpay, Inc. CPAY
Corpay, Inc. (ticker CPAY) is a global provider of business payment solutions, operating primarily through three core segments. The company's Vehicle Payments segment offers fleet cards, fuel cards, and vehicle-related payment products that help businesses manage and control transportation expenses. Its Corporate Payments segment provides cross-border payment solutions, helping companies pay suppliers internationally in over 140 currencies while managing foreign exchange risk. The Lodging Payments segment offers corporate lodging payment products and travel management services designed to optimize hotel spending for businesses. Corpay serves a diverse client base including corporations, government entities, and other organizations seeking to streamline payment processes, control costs, and gain visibility into spending across vehicle, corporate, and travel expenses. The company generates revenue primarily through transaction fees, foreign exchange spreads, and various service charges associated with its payment solutions.
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