Corpay, Inc. (CPAY)

Corpay Cash Flow Statement

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

Operating Activities

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
Net Income	1,241	1,070	1,004	981.89	954.33	839.5
Depreciation & Amortization	362.26	290.16	272.11	257.88	257.91	284.2
Other Amortization	118.75	123.97	86.79	84.75	69.05	6.83
Loss (Gain) From Sale of Assets	-178.97	-42.26	-121.31	-13.71	-	-
Asset Writedown & Restructuring Costs	-	-	90	-	-	-
Stock-Based Compensation	120.74	102.64	116.72	116.09	121.42	80.07
Provision & Write-off of Bad Debts	174.45	122.64	103.13	125.15	131.1	37.92
Other Operating Activities	100.01	-4.65	-58.48	-44.82	-26.5	26.43
Change in Accounts Receivable	-499.18	-499.18	-176.93	-210.26	-598.67	-731.14
Change in Accounts Payable	499	499	663.22	713.98	-83.95	480.51
Change in Other Net Operating Assets	-409.31	-162.24	-38.44	90.19	-69.87	172.75
Operating Cash Flow	1,529	1,500	1,941	2,101	754.8	1,197
Operating Cash Flow Growth	14.46%	-22.71%	-7.64%	178.37%	-36.95%	-18.71%

Investing Activities

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
Capital Expenditures	-195.82	-200.76	-175.18	-153.82	-151.43	-111.53
Cash Acquisitions	2,042	1,934	-821.92	-428.33	-216.92	-602.12
Divestitures	482.93	58.21	185.51	197.03	-	-
Investment in Securities	-592.86	-578.45	-	-	-	-
Other Investing Activities	21.63	14.57	4.12	4.4	-	-2.28
Investing Cash Flow	1,758	1,227	-807.48	-380.72	-368.35	-715.93

Financing Activities

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
Short-Term Debt Issued	-	500.69	16	155.57	169.19	418
Long-Term Debt Issued	-	13,784	10,814	8,735	10,236	3,810
Total Debt Issued	24,452	14,285	10,830	8,891	10,405	4,228
Short-Term Debt Repaid	-	-	-140.71	-	-	-51.05
Long-Term Debt Repaid	-	-12,268	-9,418	-9,213	-9,350	-2,486
Total Debt Repaid	-21,324	-12,268	-9,559	-9,213	-9,350	-2,537
Net Debt Issued (Repaid)	3,129	2,017	1,271	-322.43	1,055	1,691
Issuance of Common Stock	193.77	67.77	428.22	113.74	49.4	48.78
Repurchase of Common Stock	-2,319	-782.82	-1,288	-686.86	-1,405	-1,356
Other Financing Activities	244.35	260.25	-6.47	-2.66	-10.63	-39.73
Financing Cash Flow	1,248	1,562	404.99	-898.21	-311.23	343.93

Net Cash Flow

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
Foreign Exchange Rate Adjustments	-31.05	246.58	-223.27	30.16	-36.74	-50.98
Net Cash Flow	4,498	4,536	1,315	852.36	38.49	774.08

Free Cash Flow

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
Free Cash Flow	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%
Free Cash Flow Margin	25.49%	28.69%	44.42%	51.82%	17.61%	38.31%
Free Cash Flow Per Share	19.66	18.28	24.57	26.18	7.85	12.91
Levered Free Cash Flow	1,782	1,889	988.28	1,065	384.93	1,051
Unlevered Free Cash Flow	2,045	2,120	1,220	1,275	480.09	1,115

Additional Metrics

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
Cash Interest Paid	553.96	491.37	496.1	448.38	229.64	132.5
Cash Income Tax Paid	632.19	510.73	374.04	408.34	358.23	229.72
Change in Working Capital	-409.49	-162.42	447.85	593.9	-752.5	-77.88

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence 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.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

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