Corpay, Inc. (CPAY) Covered Calls

Corpay, Inc. is a leading global provider of corporate payment solutions and expense management software. The company specializes in helping businesses of all sizes track, manage, and pay their expenses across a variety of categories including fuel, lodging, and accounts payable. Through its suite of commercial cards and automation tools, Corpay enables organizations to streamline their financial workflows, mitigate fraud, and gain greater visibility into their international and domestic spend.

You can sell covered calls on Corpay, Inc. to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for CPAY (prices last updated Fri 4:16 PM ET):

Corpay, Inc. (CPAY) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
337.12 +15.80 315.00 353.97 1.3M 22 23
Covered Calls For Corpay, Inc. (CPAY)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 340 1.50 352.47 -3.5% -159.7%
Mar 20 340 11.10 342.87 -0.8% -8.1%
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Corpay, Inc. is a global S&P 500 company that has transformed from a niche fleet-card provider into a dominant force in the broader corporate payments industry. Headquartered in Atlanta, the firm provides a multi-tenant technology platform that automates the accounts payable (AP) cycle and manages cross-border transactions for businesses worldwide. By consolidating multiple expense types into a single ecosystem, Corpay helps finance leaders reduce manual processing costs and capture rebates on their everyday business spending.

Core Business and Products

The company’s operations are organized into three primary high-growth segments:

  1. Corporate Payments: The fastest-growing division, providing AP automation, virtual cards, and cross-border payment solutions. This segment includes the Alpha and AvidXchange assets, which focus on streamlining complex B2B international money movements and invoice processing.
  2. Vehicle Payments: The legacy core business, offering specialized fuel and fleet cards that provide drivers and managers with specialized controls, tax reporting, and discounted pricing at fueling stations globally.
  3. Lodging Payments: A specialized workforce travel solution that manages hotel bookings and payments for distributed teams, such as airline crews and construction workers, through a massive global network of participating hotels.

Competitive Landscape

Corpay operates in a competitive fintech and payments landscape, facing rivals in both legacy banking and agile software. In the corporate card and expense space, it competes with American Express and Visa partners, as well as specialized firms like WEX Inc. in the fuel and fleet sector. In the AP automation and software market, its primary rivals include Bill.com and the commercial banking divisions of JPMorgan Chase. The company differentiates itself through its "proprietary networks"—specifically in fuel and lodging—where it owns the relationship with both the buyer and the merchant, allowing for superior data capture and margin retention.

Strategic Outlook and Innovation

The strategic roadmap focuses on portfolio simplification and the continued rotation toward higher-margin corporate payment assets. A major pillar of this vision is the integration of generative AI to automate the "merchant matching" process and speed up accounts payable reconciliation for clients. The company is also expanding its "payables monetization" efforts, introducing instant payment methods and e-checks to diversify revenue beyond traditional virtual card interchange. Strategic partnerships, notably a significant collaboration with Mastercard, are designed to expand the firm’s reach into the financial institution channel globally. By divesting non-core consumer-facing assets and focusing on enterprise-scale B2B solutions, the group aims to drive margin expansion and leverage its high retention rates to create a predictable, compounding earnings profile.