Corpay, Inc.(CPAY)Earnings, Financials & Key Ratios

CPAY•NYSE

$305.43

$21.43B mkt cap·21.9× P/E·Price updated May 6, 2026

SectorTechnology IndustryInfrastructure Software Sub-IndustryPayments and fintech infrastructure

AboutCorpay, Inc. operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards. It also provides corporate payment solutions consisting of accounts payable automation; virtual cards, cross-border solutions; and purchasing and travel and entertainment card products, as well as lodging payments solutions for employees who travel overnight for work purposes; traveling crews and stranded passengers from airlines and cruise lines; and insurance policyholders displaced from their homes due to damage or catastrophe. In addition, the company offers gifts and payroll cards. It serves business, merchant, consumer, and payment network customers. The company was formerly known as FLEETCOR Technologies, Inc. and changed its name to Corpay, Inc. in March 2024. Corpay, Inc. was founded in 1986 and is headquartered in Atlanta, Georgia.Show more

Revenue$3.97B+5.8%
EBITDA$2.14B+7.3%
Net Income$1B+2.2%
EPS (Diluted)13.97+5.8%
Gross Margin78.13%
EBITDA Margin53.8%+1.4%
Operating Margin44.96%+2.0%
Net Margin25.25%-3.4%
ROE31.23%-7.4%
ROIC14.73%-0.7%
Debt/Equity2.54+24.1%
Interest Coverage4.67-1.8%

Analysis→Technical→

CPAY Key Insights

Corpay, Inc. (CPAY) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 33.4%
✓FCF machine: 44.4% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 3.4% through buybacks
✓Healthy 5Y average net margin of 27.7%

✗Weaknesses

✗High debt to equity ratio of 2.5x
✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CPAY Price & Volume

Corpay, Inc. (CPAY) stock price & volume — 10-year historical chart

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CPAY Growth Metrics

Corpay, Inc. (CPAY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.73%

5 Years8.45%

3 Years11.94%

TTM11.27%

Profit CAGR

10 Years10.53%

5 Years2.32%

3 Years6.14%

TTM3.71%

EPS CAGR

10 Years12.66%

5 Years7.04%

3 Years11.83%

TTM5.06%

Return on Capital

10 Years15.7%

5 Years17.37%

3 Years19.24%

Last Year19.97%

CPAY Recent Earnings

Corpay, Inc. (CPAY) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (58%)

Q1 2026Latest

Feb 4, 2026

EPS

$6.04

Est $5.95

+1.5%

Revenue

$1.2B

Est $1.2B

+1.1%

Q4 2025

Nov 5, 2025

EPS

$5.70

Est $5.63

+1.2%

Revenue

$1.2B

Est $1.2B

+0.8%

Q3 2025

Aug 6, 2025

EPS

$5.13

Est $5.12

+0.2%

Revenue

$1.1B

Est $1.1B

+0.2%

Q2 2025

May 6, 2025

EPS

$4.51

Est $4.51

+0.0%

Revenue

$1.0B

Est $1.0B

-1.0%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 4, 2026	$6.04vs $5.95+1.5%	$1.2Bvs $1.2B+1.1%
Q4 2025	Nov 5, 2025	$5.70vs $5.63+1.2%	$1.2Bvs $1.2B+0.8%
Q3 2025	Aug 6, 2025	$5.13vs $5.12+0.2%	$1.1Bvs $1.1B+0.2%
Q2 2025	May 6, 2025	$4.51vs $4.51+0.0%	$1.0Bvs $1.0B-1.0%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
WEXWEX Inc.Direct Competitor	4.99B	144.00	17.00	1.24%	11.5%	26.96%	3.94
FLYWFlywire CorporationDirect Competitor	2.09B	17.51	159.18	26.59%	6.65%	5.87%
PAYOPayoneer Global Inc.Direct Competitor	1.68B	4.86	25.58	7.68%	6.95%	9.84%	0.10
CASSCass Information Systems, Inc.Direct Competitor	607.85M	47.09	18.04	-13.1%	17.25%	14.61%	0.02
VVisa Inc.Product Competitor	611.6B	318.80	31.25	11.34%		58.9%	0.66
MAMastercard IncorporatedProduct Competitor	435.43B	491.89	29.78	16.42%		205.79%	2.45
AXPAmerican Express CompanyProduct Competitor	220.75B	321.90	20.93	8.44%		33.95%	1.73
FISFidelity National Information Services, Inc.Product Competitor	23.81B	45.97	61.29	5.43%	3.51%	2.75%	0.29

Compare CPAY vs Peers

Corpay, Inc. (CPAY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WEX

Most directly comparable listed peer for CPAY.

Scale Benchmark

vs V

Larger-name benchmark to compare CPAY against a more recognizable public peer.

Peer Set

Compare Top 5

vs WEX, FLYW, PAYO, CASS

CPAY Income Statement

Corpay, Inc. (CPAY) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Sales/Revenue	1.83B	2.25B	2.43B	2.65B	2.39B	2.83B	3.43B	3.76B	3.97B	4.31B
Revenue Growth %	7.56%	22.82%	8.18%	8.85%	-9.82%	18.62%	20.94%	9.65%	5.77%	11.27%
Cost of Goods Sold	355.41M	429.61M	487.69M	530.67M	596.36M	559.82M	764.71M	819.91M	869.09M	1.03B
COGS % of Revenue	19.41%	19.1%	20.04%	20.03%	24.96%	19.76%	22.31%	21.82%	21.87%	-
Gross Profit	1.48B▲ 0%	1.82B▲ 23.3%	1.95B▲ 6.9%	2.12B▲ 8.9%	1.79B▼ 15.4%	2.27B▲ 26.9%	2.66B▲ 17.1%	2.94B▲ 10.3%	3.11B▲ 5.7%	3.28B▲ 0%
Gross Margin %	80.59%	80.9%	79.96%	79.97%	75.04%	80.24%	77.69%	78.18%	78.13%	76.1%
Gross Profit Growth %	7.61%	23.29%	6.92%	8.86%	-15.38%	26.86%	17.09%	10.34%	5.71%	-
Operating Expenses	721.98M	936.16M	855.1M	886.75M	820.23M	1.03B	1.22B	1.28B	1.32B	1.37B
OpEx % of Revenue	39.42%	41.62%	35.14%	33.48%	34.34%	36.4%	35.48%	34.09%	33.17%	-
Selling, General & Admin	519.41M	671.54M	571.76M	612.02M	567.41M	747.95M	893.22M	943.58M	997.78M	1.11B
SG&A % of Revenue	28.36%	29.85%	23.5%	23.11%	23.75%	26.39%	26.06%	25.11%	25.1%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	202.57M	264.62M	283.33M	274.73M	252.82M	283.41M	322.56M	337.36M	320.57M	4M
Operating Income	754.15M▲ 0%	883.76M▲ 17.2%	1.09B▲ 23.4%	1.23B▲ 12.9%	972.26M▼ 21.0%	1.24B▲ 27.8%	1.45B▲ 16.4%	1.66B▲ 14.5%	1.79B▲ 7.9%	1.92B▲ 0%
Operating Margin %	41.18%	39.29%	44.82%	46.49%	40.7%	43.85%	42.21%	44.09%	44.96%	44.45%
Operating Income Growth %	12.98%	17.19%	23.42%	12.9%	-21.05%	27.8%	16.42%	14.53%	7.86%	-
EBITDA	952.24M	1.15B	1.37B	1.51B	1.23B	1.53B	1.77B	1.99B	2.14B	2.29B
EBITDA Margin %	51.99%	51.05%	56.1%	56.84%	51.37%	53.88%	51.62%	53.05%	53.8%	53.01%
EBITDA Growth %	11.02%	20.59%	18.9%	10.28%	-18.5%	24.42%	15.86%	12.69%	7.26%	10.73%
D&A (Non-Cash Add-back)	198.09M	264.56M	274.61M	274.21M	254.8M	284.2M	322.28M	336.6M	351.09M	369.14M
EBIT	714.82M	1B	1.23B	1.23B	1.01B	1.22B	1.44B	1.67B	1.77B	1.92B
Net Interest Income	-71.9M	-107.15M	-138.49M	-150.05M	-129.8M	-113.7M	-164.66M	-348.61M	-383.04M	-385.67M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	71.9M	107.15M	138.49M	150.05M	129.8M	113.7M	164.66M	348.61M	383.04M	385.67M
Other Income/Expense	-111.23M	9.83M	-9.3M	-153.61M	-89.74M	-133.75M	-170.98M	-331.87M	-402.04M	-388.34M
Pretax Income	642.92M▲ 0%	893.59M▲ 39.0%	1.1B▲ 22.6%	1.08B▼ 1.6%	882.52M▼ 18.1%	1.11B▲ 25.6%	1.28B▲ 15.0%	1.33B▲ 3.9%	1.39B▲ 4.5%	1.53B▲ 0%
Pretax Margin %	35.1%	39.72%	45%	40.69%	36.94%	39.13%	37.22%	35.26%	34.85%	35.45%
Income Tax	190.53M	153.39M	283.64M	182.75M	178.31M	269.31M	321.33M	343.12M	381.38M	477.31M
Effective Tax Rate %	29.64%	17.17%	25.9%	16.96%	20.2%	24.29%	25.19%	25.9%	27.53%	31.2%
Net Income	452.38M▲ 0%	740.2M▲ 63.6%	811.48M▲ 9.6%	895.07M▲ 10.3%	704.22M▼ 21.3%	839.5M▲ 19.2%	954.33M▲ 13.7%	981.89M▲ 2.9%	1B▲ 2.2%	1.05B▲ 0%
Net Margin %	24.7%	32.9%	33.35%	33.79%	29.48%	29.63%	27.85%	26.13%	25.25%	24.37%
Net Income Growth %	24.82%	63.62%	9.63%	10.3%	-21.32%	19.21%	13.68%	2.89%	2.23%	3.71%
Net Income (Continuing)	452.38M	740.2M	811.48M	895.07M	704.22M	839.5M	954.33M	981.89M	1B	1.05B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	23.65M	43.44M
EPS (Diluted)	4.75▲ 0%	7.91▲ 66.5%	8.81▲ 11.4%	9.94▲ 12.8%	8.12▼ 18.3%	9.99▲ 23.0%	12.42▲ 24.3%	13.20▲ 6.3%	13.97▲ 5.8%	14.78▲ 0%
EPS Growth %	23.38%	66.53%	11.38%	12.83%	-18.31%	23.03%	24.32%	6.28%	5.83%	5.06%
EPS (Basic)	4.89	8.12	9.14	10.36	8.38	10.23	12.62	13.42	14.27	-
Diluted Shares Outstanding	95.21M	93.59M	92.15M	90.07M	86.72M	84.06M	76.86M	74.39M	71.85M	71.13M
Basic Shares Outstanding	92.6M	91.13M	88.75M	86.4M	84M	82.06M	75.6M	73.16M	70.33M	70.32M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

CPAY Balance Sheet

Corpay, Inc. (CPAY) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Total Current Assets	2.53B	3.55B	3.88B	4.62B	3.96B	5.49B	6.11B	7.08B	8.68B	10.11B
Cash & Short-Term Investments	475.02M	913.6M	1.03B	1.27B	934.9M	1.52B	1.44B	1.39B	1.55B	2.01B
Cash Only	475.02M	913.6M	1.03B	1.27B	934.9M	1.52B	1.44B	1.39B	1.55B	2.01B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.2B	1.42B	1.43B	1.57B	1.37B	1.79B	2.06B	2.16B	2.09B	4.41B
Days Sales Outstanding	239.54	230.4	213.86	216.2	208.83	230.98	219.9	209.96	191.98	312.14
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	759.75M	1.03B	1.22B	1.37B	1.24B	1.85B	2.61B	3.53B	5.03B	3.69B
Total Non-Current Assets	7.1B	7.77B	7.33B	7.63B	7.24B	7.92B	7.98B	8.39B	9.28B	9.64B
Property, Plant & Equipment	142.5M	180.06M	186.2M	199.82M	202.51M	236.29M	294.69M	343.15M	377.7M	453.1M
Fixed Asset Turnover	12.85x	12.49x	13.07x	13.26x	11.80x	11.99x	11.63x	10.95x	10.52x	10.36x
Goodwill	4.2B	4.72B	4.54B	4.83B	4.72B	5.08B	5.2B	5.64B	5.98B	6.34B
Intangible Assets	2.65B	2.72B	2.41B	2.34B	2.12B	2.34B	2.13B	2.09B	2.41B	2.31B
Long-Term Investments	36.2M	32.86M	42.67M	30.44M	7.48M	52.02M	74.28M	69.52M	60.09M	239.76M
Other Non-Current Assets	71.95M	114.96M	147.63M	224.78M	193.21M	213.93M	281.73M	248.69M	448.26M	1.81B
Total Assets	9.63B▲ 0%	11.32B▲ 17.6%	11.2B▼ 1.0%	12.25B▲ 9.3%	11.19B▼ 8.6%	13.4B▲ 19.7%	14.09B▲ 5.1%	15.48B▲ 9.8%	17.96B▲ 16.0%	19.74B▲ 0%
Asset Turnover	0.19x	0.20x	0.22x	0.22x	0.21x	0.21x	0.24x	0.24x	0.22x	0.23x
Asset Growth %	22.01%	17.57%	-1.02%	9.34%	-8.6%	19.74%	5.11%	9.84%	16.03%	71.31%
Total Current Liabilities	3.3B	4.1B	4.5B	4.46B	3.97B	5.29B	6.04B	6.83B	8.71B	8.91B
Accounts Payable	1.15B	1.44B	1.12B	1.25B	1.05B	1.41B	1.57B	1.62B	1.57B	1.97B
Days Payables Outstanding	1.18K	1.22K	836.47	859.48	645.39	916.94	748.87	723.4	659.55	648.1
Short-Term Debt	1.34B	1.62B	2.07B	1.75B	1.21B	1.52B	2.31B	2.13B	2.77B	2.3B
Deferred Revenue (Current)	530.79M	732.17M	926.68M	1.01B	1.18B	1.79B	1.51B	2.4B	3.27B	14.14B
Other Current Liabilities	38.78M	71.03M	118.67M	183.5M	250.13M	208.61M	303.52M	320.61M	656.42M	609.8M
Current Ratio	0.77x	0.87x	0.86x	1.03x	1.00x	1.04x	1.01x	1.04x	1.00x	1.00x
Quick Ratio	0.77x	0.87x	0.86x	1.03x	1.00x	1.04x	1.01x	1.04x	1.00x	1.00x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-335.97
Total Non-Current Liabilities	3.25B	3.55B	3.37B	4.07B	3.87B	5.25B	5.5B	5.37B	6.1B	6.71B
Long-Term Debt	2.52B	2.9B	2.75B	3.29B	3.1B	4.46B	4.72B	4.6B	5.23B	5.82B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	668.58M	518.91M	491.95M	519.98M	498.15M	566.29M	527.47M	470.23M	439.18M	1.62B
Other Non-Current Liabilities	56.07M	125.32M	126.71M	263.93M	275.12M	221.39M	254.01M	301.75M	437.88M	2.01B
Total Liabilities	6.54B	7.64B	7.86B	8.54B	7.84B	10.54B	11.55B	12.19B	14.81B	15.63B
Total Debt	3.86B	4.52B	4.82B	5.04B	4.3B	5.98B	7.04B	6.72B	8B	8.12B
Net Debt	3.38B	3.61B	3.79B	3.77B	3.37B	4.46B	5.6B	5.33B	6.44B	6.12B
Debt / Equity	1.25x	1.23x	1.44x	1.36x	1.28x	2.09x	2.77x	2.05x	2.54x	2.54x
Debt / EBITDA	4.05x	3.93x	3.53x	3.35x	3.51x	3.92x	3.98x	3.37x	3.74x	3.55x
Net Debt / EBITDA	3.55x	3.14x	2.77x	2.50x	2.75x	2.92x	3.17x	2.68x	3.01x	3.01x
Interest Coverage	10.49x	8.25x	7.88x	8.21x	7.49x	10.93x	8.79x	4.75x	4.67x	4.97x
Total Equity	3.08B▲ 0%	3.68B▲ 19.2%	3.34B▼ 9.1%	3.71B▲ 11.1%	3.36B▼ 9.6%	2.87B▼ 14.6%	2.54B▼ 11.3%	3.28B▲ 29.2%	3.15B▼ 4.2%	4.12B▲ 0%
Equity Growth %	8.97%	19.21%	-9.15%	11.12%	-9.6%	-14.57%	-11.34%	29.15%	-4.15%	77.5%
Book Value per Share	32.39	39.28	36.25	41.21	38.69	34.10	33.07	44.13	43.79	57.91
Total Shareholders' Equity	3.08B	3.68B	3.34B	3.71B	3.36B	2.87B	2.54B	3.28B	3.12B	4.08B
Common Stock	121K	122K	123K	124K	126K	127K	128K	129K	131K	132K
Retained Earnings	2.22B	2.96B	3.82B	4.71B	5.42B	6.26B	7.21B	8.19B	9.2B	10B
Treasury Stock	-542.5M	-944.89M	-1.87B	-2.52B	-3.45B	-4.8B	-6.21B	-6.89B	-8.17B	-8.45B
Accumulated OCI	-666.4M	-551.86M	-913.86M	-972.47M	-1.36B	-1.46B	-1.51B	-1.29B	-1.71B	-1.41B
Minority Interest	0	0	0	0	0	0	0	0	23.65M	43.44M

CPAY Cash Flow Statement

Corpay, Inc. (CPAY) cash flow — operating, investing & free cash flow history

Line item	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	708.22M	680.06M	903.38M	1.16B	1.47B	1.2B	754.8M	2.1B	1.94B	1.94B
Operating CF Margin %	38.67%	30.23%	37.12%	43.87%	61.64%	42.24%	22.02%	55.92%	48.82%	-
Operating CF Growth %	-6.14%	-3.98%	32.84%	28.64%	26.72%	-18.71%	-36.95%	178.37%	-7.64%	-250.75%
Net Income	452.38M	740.2M	811.48M	895.07M	704.22M	839.5M	954.33M	981.89M	1B	1.05B
Depreciation & Amortization	198.09M	264.56M	274.61M	274.21M	254.8M	284.2M	322.28M	336.6M	351.09M	369.14M
Stock-Based Compensation	63.95M	93.3M	69.94M	60.95M	43.38M	80.07M	121.42M	116.09M	116.72M	110.96M
Deferred Taxes	-28.68M	-247.71M	-2.75M	37.88M	15.67M	11.03M	-33.17M	-46.68M	-64.72M	-84.24M
Other Non-Cash Items	84.3M	-66.78M	-65.18M	83.41M	133.04M	60.15M	142.44M	119.33M	85.89M	102.63M
Working Capital Changes	-61.82M	-103.51M	-184.72M	-189.46M	321.48M	-77.88M	-752.5M	593.9M	447.85M	-214.99M
Change in Receivables	-338.8M	-431M	-159.02M	-196.03M	264.14M	-731.14M	-598.67M	-210.26M	-176.93M	407.72M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	198.76M	-83.25M	480.51M	-83.95M	713.98M	663.22M	0
Cash from Investing	-1.39B	-497.8M	-26.27M	-523.7M	-106.25M	-715.93M	-368.35M	-380.72M	-807.48M	-712.16M
Capital Expenditures	-59.01M	-70.09M	-81.39M	-75.17M	-78.42M	-111.53M	-151.43M	-153.82M	-175.18M	-192.42M
CapEx % of Revenue	3.22%	3.12%	3.34%	2.84%	3.28%	3.94%	4.42%	4.09%	4.41%	-
Acquisitions	-1.33B	-388.76M	77.89M	-448.28M	-80.79M	-602.12M	-216.92M	-231.3M	-636.42M	-545.35M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.41M	-38.95M	-22.77M	-255K	0	-2.28M	0	4.4M	4.12M	10.77M
Cash from Financing	753.97M	251.94M	-577.82M	-310.17M	-1.42B	343.93M	-311.23M	-898.21M	404.99M	126.47M
Debt Issued (Net)	923.36M	622.09M	329.24M	218.63M	-700.71M	1.69B	1.06B	-322.43M	1.27B	377.41M
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-4M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-187.68M	-402.39M	-958.7M	-694.91M	-849.91M	-1.36B	-1.41B	-686.86M	-1.29B	-531.33M
Other Financing	-2.95M	-12.45M	-4.04M	-2.82M	-2.98M	-39.73M	-10.63M	-2.66M	-6.47M	-26.18M
Net Change in Cash	29.13M▲ 0%	487.1M▲ 1572.4%	234.02M▼ 52.0%	310.34M▲ 32.6%	-198.62M▼ 164.0%	774.08M▲ 489.7%	38.48M▼ 95.0%	852.36M▲ 2114.8%	1.31B▲ 54.3%	759.38M▲ 0%
Free Cash Flow	649.21M▲ 0%	609.97M▼ 6.0%	822M▲ 34.8%	1.09B▲ 32.2%	1.39B▲ 28.3%	1.09B▼ 22.1%	603.37M▼ 44.4%	1.95B▲ 222.7%	1.77B▼ 9.3%	1.14B▲ 0%
FCF Margin %	35.45%	27.12%	33.78%	41.03%	58.36%	38.31%	17.61%	51.82%	44.42%	26.5%
FCF Growth %	-8.91%	-6.04%	34.76%	32.23%	28.27%	-22.14%	-44.42%	222.74%	-9.34%	-50.75%
FCF per Share	6.82	6.52	8.92	12.07	16.08	12.91	7.85	26.18	24.57	24.57
FCF Conversion (FCF/Net Income)	1.57x	0.92x	1.11x	1.30x	2.09x	1.43x	0.79x	2.14x	1.93x	1.09x
Interest Paid	70.34M	113.42M	156.75M	178.42M	126.46M	132.5M	229.64M	448.38M	496.1M	483.67M
Taxes Paid	101.95M	392.19M	207.5M	200.53M	165.31M	229.72M	358.23M	408.34M	374.04M	490.88M

CPAY Key Ratios

Corpay, Inc. (CPAY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	TTM
Return on Equity (ROE)	15.3%	21.9%	23.13%	25.39%	19.93%	26.98%	35.29%	33.72%	31.23%	25.52%
Return on Invested Capital (ROIC)	9.6%	9.64%	11.35%	12.65%	10.27%	13.27%	14.03%	14.83%	14.73%	14.73%
Gross Margin	80.59%	80.9%	79.96%	79.97%	75.04%	80.24%	77.69%	78.18%	78.13%	76.1%
Net Margin	24.7%	32.9%	33.35%	33.79%	29.48%	29.63%	27.85%	26.13%	25.25%	24.37%
Debt / Equity	1.25x	1.23x	1.44x	1.36x	1.28x	2.09x	2.77x	2.05x	2.54x	2.54x
Interest Coverage	10.49x	8.25x	7.88x	8.21x	7.49x	10.93x	8.79x	4.75x	4.67x	4.97x
FCF Conversion	1.57x	0.92x	1.11x	1.30x	2.09x	1.43x	0.79x	2.14x	1.93x	1.09x
Revenue Growth	7.56%	22.82%	8.18%	8.85%	-9.82%	18.62%	20.94%	9.65%	5.77%	11.27%

CPAY SEC Filings & Documents

Corpay, Inc. (CPAY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Feb 26, 2026·SEC

Material company update

Feb 4, 2026·SEC

Material company update

Jan 22, 2026·SEC

10-K Annual Reports

FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 12, 2025·SEC

CPAY Frequently Asked Questions

Corpay, Inc. (CPAY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Corpay, Inc. (CPAY) reported $4.31B in revenue for fiscal year 2024. This represents a 382% increase from $895.2M in 2013.

Corpay, Inc. (CPAY) grew revenue by 5.8% over the past year. This is steady growth.

Yes, Corpay, Inc. (CPAY) is profitable, generating $1.05B in net income for fiscal year 2024 (25.3% net margin).

Dividend & Returns

Corpay, Inc. (CPAY) has a return on equity (ROE) of 31.2%. This is excellent, indicating efficient use of shareholder capital.

Corpay, Inc. (CPAY) generated $1.14B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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