Corpay Completes Sale of Vehicle Payments Asset
Corpay, Inc. (CPAY)
Company Research
Source: Business Wire
Transaction Furthers Rotation to Corporate Payments ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), the corporate payments company, today announced it has completed the sale of PayByPhone, its mobile parking payments business, to Lightyear Capital.“We’ve completed the sale of our PayByPhone business,” said Ron Clarke, Chairman and CEO of Corpay. “The transaction simplifies our portfolio and furthers our rotation to corporate payments.”The transaction is expected to reduce Corpay’s rest-of-year 2026 revenues by approximately $75 million relative to the company’s February guidance. The divestiture is expected to be neutral to Corpay’s 2026 Cash EPS outlook, as Corpay intends to use the cash proceeds for share repurchases. The company continues to expect organic revenue growth of 10% in 2026, inclusive of the impact of this transaction.About CorpayCorpay (NYSE: CPAY), the Corporate Payments Company, is a global S&P 500 provider of commercial cards (e.g, spend management, fleet ca
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News
- 3 Reasons We Love Corpay (CPAY) [Yahoo! Finance]Yahoo! Finance
- 83% of UK CFOs Say Spend Management Is More Manual Than It Should BeBusiness Wire
- Should Value Investors Buy Corpay, Inc. (CPAY) Stock? [Yahoo! Finance]Yahoo! Finance
- AC Milan and Corpay Cross-Border Extend Their PartnershipBusiness Wire
- Fleetcor Technologies Q4 Earnings Call Highlights [Yahoo! Finance]Yahoo! Finance
CPAY
Earnings
- 2/4/26 - Beat
CPAY
Sec Filings
- 4/10/26 - Form ARS
- 4/10/26 - Form DEFA14A
- 4/10/26 - Form DEF
- CPAY's page on the SEC website