Corpay, Inc. (CPAY)

Corpay Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	5,230	4,528	3,975	3,758	3,427	2,834
Revenue Growth	21.21%	13.93%	5.77%	9.65%	20.94%	18.62%
Gross Profit Gross Profit Growth	4,174	3,608	3,106	2,938	2,662	2,274
Operating Income Operating Income Growth	2,306	2,143	1,756	1,657	1,447	1,243
Net Income Net Income Growth	1,240	1,068	1,004	981.89	954.33	839.5
Earnings Per Share EPS Growth	18.15	15.03	13.97	13.20	12.42	9.99
EPS Growth	23.33%	7.59%	5.83%	6.28%	24.32%	23.03%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Vehicle Payments Vehicle Payments Growth	2,297	2,139	2,009	2,006	1,950	1,690
Corporate Payments Corporate Payments Growth	2,105	1,635	1,222	981.1	769.6	598.2
Lodging Lodging Growth	477.76	469.5	488.6	520.2	456.5	309.6
Other Other Growth	350.74	285.1	255.3	250.9	251	235.9
Revenue (Total) Revenue (Total) Growth	5,230	4,528	3,975	3,758	3,427	2,834

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	3,073	2,422	1,586	1,413	1,447	1,520
Total Debt Total Debt Growth	11,233	10,290	8,100	6,892	7,146	6,109
Net Cash (Debt) Net Cash Growth	-8,160	-7,868	-6,514	-5,479	-5,699	-4,589
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-120.34	-110.73	-90.67	-73.66	-74.15	-54.59

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	1,529	1,500	1,941	2,101	754.8	1,197
Capital Expenditures CapEx Growth	-195.82	-200.76	-175.18	-153.82	-151.43	-111.53
Free Cash Flow Free Cash Flow Growth	1,333	1,299	1,765	1,947	603.37	1,086
Free Cash Flow Growth	16.60%	-26.41%	-9.34%	222.74%	-44.42%	-22.14%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	79.80%	79.68%	78.13%	78.18%	77.69%	80.24%
Operating Margin	44.10%	47.32%	44.18%	44.09%	42.21%	43.85%
Pretax Margin	33.49%	34.04%	34.85%	35.26%	37.22%	39.13%
Profit Margin	23.71%	23.59%	25.25%	26.13%	27.85%	29.63%
FCF Margin	25.49%	28.69%	44.42%	51.82%	17.61%	38.31%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	23.04	19.71	23.50	20.78	14.20	21.65
Forward PE	13.69	12.52	15.82	15.08	11.04	15.12
P/FCF Ratio	20.62	16.20	13.36	10.48	22.45	16.74
PS Ratio	5.26	4.65	5.94	5.43	3.95	6.41

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Nov 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

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