# CORPAY, INC.

Summary updated: 2026-09-28T11:54:41.250237Z
Canonical: https://finbar.com/research/companies/corpay

## Overview

Corpay, Inc. is a global corporate-payments company that helps businesses and consumers manage and pay expenses in a simple, controlled way. Its stated aim is to make payments easier to manage while helping customers save time and reduce spending. Formerly known as FLEETCOR Technologies, the company adopted the Corpay name in 2024. [1](https://app.finbar.com/go?id=P65747955)[2](https://app.finbar.com/go?id=P57488340)[3](https://www.corpay.com/corporate-newsroom/17651/fleetcor-announces-rebranding-to-corpay)

Corpay’s businesses span corporate payments, vehicle payments and lodging payments. Its offerings include accounts-payable automation, commercial cards and cross-border payments; fuel cards and toll payments; and lodging-management services. [4](https://app.finbar.com/go?id=P79319991)[5](https://app.finbar.com/go?id=P15517042)[6](https://app.finbar.com/go?id=P61450399)[7](https://app.finbar.com/go?id=P70630664) The company operates internationally, with approximately 11,800 employees in 34 countries at the end of 2025. It reported $4.53 billion in net revenue for 2025. [8](https://app.finbar.com/go?id=P81110121)[9](https://app.finbar.com/go?id=P18966198)[10](https://app.finbar.com/go?id=P106058916)
[1](https://app.finbar.com/go?id=P65747955)[2](https://app.finbar.com/go?id=P57488340)[4](https://app.finbar.com/go?id=P79319991)[5](https://app.finbar.com/go?id=P15517042)[6](https://app.finbar.com/go?id=P61450399)[7](https://app.finbar.com/go?id=P70630664)[8](https://app.finbar.com/go?id=P81110121)[9](https://app.finbar.com/go?id=P18966198)[10](https://app.finbar.com/go?id=P106058916)[11](https://app.finbar.com/go?id=T1830143)[3](https://www.corpay.com/corporate-newsroom/17651/fleetcor-announces-rebranding-to-corpay)

## Products & services

Corpay’s corporate-payment products include Corpay Complete, which combines accounts-payable automation, commercial cards and expense management with ERP integration. Its payment-automation services handle supplier payments by ACH, virtual card or check, while virtual cards offer supplier-specific, single-use credentials, spending controls and automated reconciliation. Cross-border services provide international payments, foreign-exchange risk management, banking-detail validation and compliance checks; a RESTful API allows businesses to embed payment functions in their own systems. [12](https://www.corpay.com/corpay-complete)[13](https://www.corpay.com/payment-automation)[14](https://www.corpay.com/commercial-cards/virtual-cards)[15](https://www.corpay.com/cross-border/technology)[16](https://www.corpay.com/cross-border/technology/cross-border-api)

Vehicle-payment products include fuel cards and fleet-payment tools that let customers control, track and report vehicle spending. Corpay One offers fuel, business and virtual cards; its Select Mixed Fleet and Select Diesel cards include configurable controls and transaction reporting. Corpay also provides toll-payment services, including Brazil’s Sem Parar network, and fleet-maintenance services. [17](https://app.finbar.com/go?id=P25376426)[18](https://cp.corpayone.com/)[19](https://cp.corpayone.com/select-mixed-fleet/)[20](https://cp.corpayone.com/select-diesel/)[21](https://app.finbar.com/go?id=P51904641)[22](https://app.finbar.com/go?id=P16900822)

Corpay Lodging provides hotel booking, centralized billing and managed accommodation for traveling workforces, airline crews and disrupted passengers, and insurance policyholders needing temporary housing. Its services include negotiated hotel rates, booking and policy controls, reporting and traveler support. [23](https://app.finbar.com/go?id=P34256231)[24](https://app.finbar.com/go?id=P19688682)[25](https://www.corpaylodging.com/business-travel)[26](https://www.corpaylodging.com/global) In 2025, vehicle payments accounted for approximately 47% of net revenue, corporate payments 36% and lodging payments 10%; other activities accounted for the remaining 6%. [27](https://app.finbar.com/go?id=T12083565)
[17](https://app.finbar.com/go?id=P25376426)[21](https://app.finbar.com/go?id=P51904641)[22](https://app.finbar.com/go?id=P16900822)[23](https://app.finbar.com/go?id=P34256231)[24](https://app.finbar.com/go?id=P19688682)[27](https://app.finbar.com/go?id=T12083565)[27](https://app.finbar.com/go?id=T12083565)[27](https://app.finbar.com/go?id=T12083565)[27](https://app.finbar.com/go?id=T12083565)[27](https://app.finbar.com/go?id=T12083565)[12](https://www.corpay.com/corpay-complete)[13](https://www.corpay.com/payment-automation)[14](https://www.corpay.com/commercial-cards/virtual-cards)[15](https://www.corpay.com/cross-border/technology)[16](https://www.corpay.com/cross-border/technology/cross-border-api)[18](https://cp.corpayone.com/)[19](https://cp.corpayone.com/select-mixed-fleet/)[20](https://cp.corpayone.com/select-diesel/)[25](https://www.corpaylodging.com/business-travel)[26](https://www.corpaylodging.com/global)

## Geographic presence

Corpay is headquartered in Atlanta, Georgia, and operates across 34 countries. In 2025, it reported $4.53 billion in revenue: $2.20 billion from the United States (about 49%), $713 million from Brazil (16%), $642 million from the United Kingdom (14%), and $968 million from other geographies (21%). The company does not break down the “Other” category by country. [28](https://app.finbar.com/go?id=P88316954)[8](https://app.finbar.com/go?id=P81110121)[29](https://app.finbar.com/go?id=P49018181)

Its major U.S. operations are in Brentwood, Tennessee; Covington, Louisiana; Louisville and Lexington, Kentucky; and Peachtree Corners, Georgia. Its largest international offices are in São Paulo, London, Prague, Mexico City and Toronto. At the end of 2025, approximately 4,300 of Corpay’s 11,800 employees were based in the United States; it does not provide a country-by-country breakdown for the remainder. [30](https://app.finbar.com/go?id=P82842446)[31](https://app.finbar.com/go?id=P77469980)[32](https://app.finbar.com/go?id=P1060766)[8](https://app.finbar.com/go?id=P81110121)[33](https://app.finbar.com/go?id=P1265025)
[28](https://app.finbar.com/go?id=P88316954)[8](https://app.finbar.com/go?id=P81110121)[29](https://app.finbar.com/go?id=P49018181)[30](https://app.finbar.com/go?id=P82842446)[31](https://app.finbar.com/go?id=P77469980)[32](https://app.finbar.com/go?id=P1060766)[33](https://app.finbar.com/go?id=P1265025)

## Business segments

Corpay reports three business segments: Vehicle Payments, Corporate Payments and Lodging Payments. Vehicle Payments provides fuel cards, toll payments and related tools for controlling and monitoring vehicle-related spending. Corporate Payments focuses on vendor-payment automation, virtual cards, cross-border payments, and purchasing and travel-and-expense cards. Lodging Payments provides hotel and housing management and payment solutions for businesses managing lodging costs. [34](https://app.finbar.com/go?id=P3668462)[4](https://app.finbar.com/go?id=P79319991)[5](https://app.finbar.com/go?id=P15517042)[35](https://app.finbar.com/go?id=P40675278)

In 2025, Vehicle Payments contributed approximately 47% of consolidated net revenue, Corporate Payments 36%, and Lodging Payments 10%. The remaining 6% was reported in **Other**, a category combining Gift and Payroll Card operations rather than a fourth reportable segment. [36](https://www.sec.gov/Archives/edgar/data/1175454/000117545426000025/cpay_10-kx12312025final.pdf)[34](https://app.finbar.com/go?id=P3668462)
[34](https://app.finbar.com/go?id=P3668462)[4](https://app.finbar.com/go?id=P79319991)[5](https://app.finbar.com/go?id=P15517042)[35](https://app.finbar.com/go?id=P40675278)[27](https://app.finbar.com/go?id=T12083565)[27](https://app.finbar.com/go?id=T12083565)[27](https://app.finbar.com/go?id=T12083565)[27](https://app.finbar.com/go?id=T12083565)[27](https://app.finbar.com/go?id=T12083565)[36](https://www.sec.gov/Archives/edgar/data/1175454/000117545426000025/cpay_10-kx12312025final.pdf)

## Company history

Corpay traces its origins to a U.S. predecessor established in 1986. Ron Clarke joined as chief executive in 2000, the year the company adopted the FleetCor Technologies name. FleetCor went public in December 2010, listing on the New York Stock Exchange under the ticker FLT. [37](https://app.finbar.com/go?id=P3908846)[38](https://app.finbar.com/go?id=P9172933)

FleetCor expanded beyond its fuel-card roots through acquisitions, including Comdata in 2014 and Cambridge Global Payments in 2017. It completed the acquisition of cross-border payments provider Global Reach in 2023. In March 2024, FleetCor changed its name to Corpay, Inc. and began trading under the ticker CPAY. [39](https://app.finbar.com/go?id=P18320455)[40](https://app.finbar.com/go?id=P38043480)[41](https://investor.corpay.com/news-releases/news-release-details/fleetcor-completes-cross-border-payments-acquisition)[42](https://app.finbar.com/go?id=P81030327)
[37](https://app.finbar.com/go?id=P3908846)[38](https://app.finbar.com/go?id=P9172933)[39](https://app.finbar.com/go?id=P18320455)[40](https://app.finbar.com/go?id=P38043480)[42](https://app.finbar.com/go?id=P81030327)[41](https://investor.corpay.com/news-releases/news-release-details/fleetcor-completes-cross-border-payments-acquisition)

## Sources

1. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P65747955)
2. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P57488340)
3. [www.corpay.com](https://www.corpay.com/corporate-newsroom/17651/fleetcor-announces-rebranding-to-corpay)
4. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P79319991)
5. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P15517042)
6. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P61450399)
7. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P70630664)
8. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P81110121)
9. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P18966198)
10. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P106058916)
11. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T1830143)
12. [www.corpay.com](https://www.corpay.com/corpay-complete)
13. [www.corpay.com](https://www.corpay.com/payment-automation)
14. [www.corpay.com](https://www.corpay.com/commercial-cards/virtual-cards)
15. [www.corpay.com](https://www.corpay.com/cross-border/technology)
16. [www.corpay.com](https://www.corpay.com/cross-border/technology/cross-border-api)
17. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P25376426)
18. [cp.corpayone.com](https://cp.corpayone.com/)
19. [cp.corpayone.com](https://cp.corpayone.com/select-mixed-fleet/)
20. [cp.corpayone.com](https://cp.corpayone.com/select-diesel/)
21. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P51904641)
22. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P16900822)
23. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P34256231)
24. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P19688682)
25. [www.corpaylodging.com](https://www.corpaylodging.com/business-travel)
26. [www.corpaylodging.com](https://www.corpaylodging.com/global)
27. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T12083565)
28. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P88316954)
29. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P49018181)
30. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P82842446)
31. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P77469980)
32. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P1060766)
33. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P1265025)
34. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P3668462)
35. [CORPAY, INC. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P40675278)
36. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1175454/000117545426000025/cpay_10-kx12312025final.pdf)
37. [CORPAY, INC. — Full financial report (2014 Y)](https://app.finbar.com/go?id=P3908846)
38. [CORPAY, INC. — Full financial report (2010 Y)](https://app.finbar.com/go?id=P9172933)
39. [CORPAY, INC. — Full financial report (2014 Y)](https://app.finbar.com/go?id=P18320455)
40. [CORPAY, INC. — Full financial report (2017 Y)](https://app.finbar.com/go?id=P38043480)
41. [investor.corpay.com](https://investor.corpay.com/news-releases/news-release-details/fleetcor-completes-cross-border-payments-acquisition)
42. [CORPAY, INC. — Full financial report (2024 Y)](https://app.finbar.com/go?id=P81030327)

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