Corpay Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,528	3,975	3,758	3,427	2,834
Revenue Growth (YoY)	13.93%	5.77%	9.65%	20.94%	18.62%
Cost of Revenue	969.18	869.09	819.91	764.71	559.82
Gross Profit	3,559	3,106	2,938	2,662	2,274
Selling, General & Admin	1,212	997.78	943.58	893.22	747.95
Depreciation & Amortization Expenses	393.3	351.09	336.6	322.28	284.2
Other Operating Expenses	-40.2	-30.52	0.75	0.28	-0.78
Total Operating Expenses	1,565	1,318	1,281	1,216	1,031
Operating Income	1,994	1,787	1,657	1,447	1,243
Interest Income	-	-	-	1.38	-0.01
Interest Expense	-403.85	-383.04	-348.61	-164.66	-113.71
Other Non-Operating Income (Expense)	-48.58	-19	16.74	-4.94	-20.05
Total Non-Operating Income (Expense)	-452.43	-402.04	-331.87	-168.22	-133.77
Pretax Income	1,542	1,385	1,325	1,276	1,109
Provision for Income Taxes	469.73	381.38	343.12	321.33	269.31
Net Income	1,070	1,004	981.89	954.33	839.5
Minority Interest in Earnings	2.12	-0.01	-	-	-
Net Income to Common	1,070	1,004	981.89	954.33	839.5
Net Income Growth	6.58%	2.23%	2.89%	13.68%	19.21%
Shares Outstanding (Basic)	70	70	73	76	82
Shares Outstanding (Diluted)	71	72	74	77	84
Shares Change (YoY)	-1.10%	-3.41%	-3.22%	-8.56%	-3.06%
EPS (Basic)	15.23	14.27	13.42	12.62	10.23
EPS (Diluted)	15.03	13.97	13.20	12.42	9.99
EPS Growth	7.59%	5.83%	6.28%	24.32%	23.03%
Shares Outstanding	68.36	70.17	71.72	73.36	78.88
Free Cash Flow	1,299	1,765	1,947	603.37	1,086
Free Cash Flow Growth	-26.41%	-9.34%	222.74%	-44.42%	-22.14%
Free Cash Flow Per Share	18.28	24.57	26.18	7.85	12.91
Gross Margin	78.60%	78.13%	78.18%	77.69%	80.24%
Operating Margin	44.04%	44.96%	44.09%	42.21%	43.85%
Profit Margin	23.67%	25.25%	26.13%	27.85%	29.63%
FCF Margin	28.69%	44.42%	51.82%	17.61%	38.31%
EBITDA	2,387	2,138	1,993	1,769	1,527
EBITDA Margin	52.72%	53.80%	53.05%	51.62%	53.88%
EBIT	1,994	1,787	1,657	1,447	1,243
EBIT Margin	44.04%	44.96%	44.09%	42.21%	43.85%
Effective Tax Rate	30.47%	27.53%	25.90%	25.19%	24.29%

Updated Feb 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q