Corpay agrees to settle FTC matter for $100 million
The proposed resolution involves a $100 million payment without admission of wrongdoing regarding U.S. Vehicle Payments marketing practices, pending final regulatory approval.
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Global business payments and spend management company
corpay.comLast updated
In short: Corpay reported Q2 growth, raised its outlook and agreed to sell non-core vehicle-payments businesses.
The proposed resolution involves a $100 million payment without admission of wrongdoing regarding U.S. Vehicle Payments marketing practices, pending final regulatory approval.
Revenue rose 21% and adjusted EPS increased 36%, while the company raised its full-year outlook.
The company upsized its revolving credit facility by $925M and Term Loan A by $420M, extending maturities to 2031.
Revenue grew 25%, while EPS rose 29%. The company also announced a Pay-by-Phone divestiture and new share buybacks.
On September 17, 2026, the Federal Trade Commission (FTC or Commission) announced that FleetCor...
Corpay will deploy Visa Fleet 2.0 on its European fleet card platform, targeting fuel, EV charging, tolls and parking spend ...
Corpay Inc. and its CEO agreed Thursday to pay $100 million to resolve Federal Trade Commission allegations that the company deceived small businesses about savings...
On September 02, 2026, Scotiabank initiated coverage on Corpay Inc (NYSE: CPAY), assigning an Outperform rating with a price target of $536. The bank...
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