Scotiabank Initiates Coverage On Corpay with Sector Outperform Rating, Announces Price Target of $536

Here's Why You Should Hold Corpay's Stock in Your Portfolio Now

Corpay (CPAY) has surged 35.6% over six months, driven by strong Corporate Payments organic growth of 16% in Q2 and 43% spend increase to $95 billion. The company projects 2026 revenue growth of 17.4% and EPS growth of 28.2%, supported by cross-border expansion and robust cash generation. However, challenges include slowing U.S. Vehicle Payments growth at 8% and limited margin expansion due to continued investment in sales and product development.

Corpay Announces Proposed $100M FTC Settlement Over U.S. Vehicle Payments Marketing And Disclosure Practices, Without Admission Of Wrongdoing

FleetCor Agrees To Pay $100M To Resolve Administrative Action After Federal Court Finds That It Violated The FTC Act By Charging Unauthorized Fees; FTC Alleged That The Company, Now Known As Corpay, Charged Customers Hidden Or Otherwise Unauthorized Fees And Deceived Users About Savings From Its Fuel Cards

https://www.ftc.gov/news-events/news/press-releases/2026/09/fleetcor-agrees-pay-100-million-resolve-administrative-action-after-federal-court-finds-it-violated

Why Is Corpay (CPAY) Up 5.4% Since Last Earnings Report?

Corpay reported Q2 2026 earnings and revenues that exceeded consensus estimates, with adjusted EPS of $7 (up 36% YoY) and revenues of $1.34 billion (up 21% YoY). Corporate Payments segment showed exceptional momentum with 42% YoY revenue growth and 43% pro-forma organic spend growth. The company raised full-year 2026 guidance and expanded EBITDA margins to 57.3%. However, the stock received a Zacks Rank #3 (Hold) rating, suggesting in-line returns expected in the near term.