CPAY
Corpay, Inc.Evidence as of 2026-09-02Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.3 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The surviving record is mixed (+0.2, confidence high) but consistent on a few concrete facts. Reported revenues rose from $ 1,005,667,000 in the fiscal quarter ended 2025-04-30 to $ 1,338,809,000 in the fiscal quarter ended 2026-07-31, with interim figures of $ 1,102,030,000 (fiscal quarter ended 2025-08-04), $ 1,172,487,000 (fiscal quarter ended 2025-11-03) and $ 1,260,987,000 (fiscal quarter ended 2026-05-01).
Operating income as a percentage of revenue expanded to about 50.4% in the fiscal quarter ended 2026-05-01 (636,165,000 / 1,260,987,000) and then compressed to about 35.3% in the fiscal quarter ended 2026-07-31 (472,274,000 / 1,338,809,000). Net income mirrored that pattern, rising to $ 350,066,000 in the fiscal quarter ended 2026-05-01 and falling to $ 248,307,000 in the fiscal quarter ended 2026-07-31. Weighted average diluted shares declined from 71,558,000 in the fiscal quarter ended 2025-04-30 to 66,325,000 in the fiscal quarter ended 2026-07-31, with repurchases shown as $ 785,971,000 in the fiscal quarter ended 2026-05-01. The balance sheet shows long‑term debt rising to $ 10,623,531,000 as of 2026-06-30 while cash rose to $ 3,163,539,000, implying materially more debt than cash on the reported balance sheet.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Reported quarterly revenues rose from $1,005,667,000 in fiscal Q1 2025 (2025-01-01 to 2025-03-31) to $1,102,030,000 in fiscal Q2 2025 (2025-04-01 to 2025-06-30), $1,172,487,000 in fiscal Q3 2025 (2025-07-01 to 2025-09-30), $1,260,987,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31) and $1,338,809,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30).
XBRL companyfacts · 0001628280-25-024747Operating income as a percentage of revenue expanded from 427,124,000 / 1,005,667,000 (≈42.5%) in fiscal Q1 2025 to 636,165,000 / 1,260,987,000 (≈50.4%) in fiscal Q1 2026, then compressed to 472,274,000 / 1,338,809,000 (≈35.3%) in fiscal Q2 2026 — showing margin expansion through fiscal Q1 2026 followed by a notable compression in fiscal Q2 2026.
XBRL companyfacts · 0001175454-26-000032Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Nothing in this slice of the evidence rose to a claim — a quiet read, which itself is information.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02T13:45:47.228469+00:00, Corpay, Inc. (CPAY) is listed as a constituent of the ETF with symbol IVV at a weight of 0.03% of that fund.
ETF constituents · market dataThe recorded ETF membership entry for CPAY was timestamped 2026-09-02T13:45:47.228469+00:00 in the provided data.
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
An explanatory piece summarizes Corpay's business as providing global corporate payment and expense management solutions across payables, card programs, and cross-border transactions.
News · kalkinemedia.com · 2026-09-02On August 5, Corpay reported second-quarter results that it said beat its own targets while also agreeing to sell a UK fleet software business it no longer sees as core, and the report noted revenue climbed 21% to $1,338.8 million.
News · finance.yahoo.com · 2026-09-02Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No SEC identity on file for this symbol — insider filings cannot be looked up.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The dataset does not include a current market price, so the implied free-cash-flow (FCF) growth rate that today's price would justify is not available from these inputs.
Valuation inputs · SEC XBRL + stored EOD closePrice-based multiples (P/FCF, EV/EBITDA, and P/E) are not reported in the provided metrics because the current market price and enterprise value are missing.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
The evidence shows durable top-line growth quarter-over-quarter and strong per-share cashflow and earnings metrics, which together support a favorable read. Revenue rose consistently across the reported quarters (fundamentals-0) while diluted share count fell meaningfully due to heavy buybacks (fundamentals-3, fundamentals-4), amplifying per-share trailing EPS and FCF (valuation-2, valuation-3). Recent company commentary and deal activity point to ongoing commercial momentum and customer traction (news-2, news-3), and management reported results that beat internal targets while reporting 21% revenue growth in the most recent quarter (news-1). These items jointly support a constructive interpretation of the company’s operating scale and per-share profitability despite some headline-level concerns.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.32
20 surviving claims rest on 11 distinct sources; the heaviest analyst carries 30% of them, and 100% of what the desk raised survived the debate.
The surviving set draws on a moderate spread of sources but is concentrated enough that one analyst’s work carries outsized influence; that increases susceptibility to single-analyst bias or errors. The fact that everything raised by the desk survived debate (100% survival) means the conclusions faced little internal contradiction, which reduces the internal stress‑testing they received and makes the read more fragile than the raw source count implies. Treat these observations as informational: they are based on reported documents and media items but bear limited resilience to a single-source correction or a fresh filing.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
13 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.5 to the score
1 holdings record
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on CPAY Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.