CPAY as of Oct 31 · 11:16 ET

CPAYNYSEServices-Business Services, NEC

Corpay, Inc. · Brief

Next report

4 days

Nov 4 · after closeest.Q3 FY26

Earnings

Expected move

Inputs

±4.0%implied · report alone

384.99416.89

straddle ±5.8%

spot 400.94exp Nov 20ATM strike 400ATM straddle 27.20IV 35%

Oct 30 closereport share · term structure

Expected move

Inputs

Implied vs realized

8 reportsHistory

3 of 8≥ implied

avg implied: ±5.4%
avg realized: ±5.1%

Nov 7 '24±4.9%▲+5.63%×1.14

Feb 5 '25±5.1%▲+0.23%×0.04

May 6 '25±5.1%▼−0.13%×0.03

Aug 6 '25±4.8%▼−3.35%×0.69

Q3 FY25±6.7%▲+6.23%×0.93

Feb 4 '26±5.5%▲+11.56%×2.11

Q1 FY26±5.8%▲+12.51%×2.17

Q2 FY26±5.6%▲+0.95%×0.17

quarterimplied−15%0+15%realized×

Q2 FY26±5.6%▲+0.95%×0.17

Q1 FY26±5.8%▲+12.51%×2.17

Feb '26±5.5%▲+11.56%×2.11

Q3 FY25±6.7%▲+6.23%×0.93

Aug '25±4.8%▼−3.35%×0.69

May '25±5.1%▼−0.13%×0.03

2 older reports

Feb '25±5.1%▲+0.23%×0.04

Nov '24±4.9%▲+5.63%×1.14

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Bull & bear

Nov 4 report · est.

Bull2 of 4

10tracked funds holding CPAYN-PORT · Aug 31 '26

731managers reporting a position in the latest quarterly filings13F · Jun 30 '26

Bear2

5 of 8recent reports where the move came in under the options-implied rangeEarnings history

9 of 22of the largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

AI captions · Sep 28 '26once per report · top 2 per case

Linked exposure

CPAY report session

Suppliers 3

METMetLife×0.38 MAMastercard×0.34 VVisa×0.31

× = co-movement · max 499dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 21impliedImplied move: ±6.2% into Nov 4 earnings (Oct 21 close).Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.