Corpay, Inc. (CPAY) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -56.62M | 812.74M | -378.93M | 1.14B | -74.15M | 648.67M | 400.79M | 540.92M | 350.18M | 1.2B | 285.67M | 221.29M | 877.66M | 316.19M | 396.75M | 154.11M | -112.25M | 597.52M | 243.1M | 278.59M |
| Operating CF Margin % | -4.49% | 65.11% | -32.32% | 103.47% | -7.37% | 62.71% | 38.94% | 55.44% | 37.44% | 127.73% | 29.42% | 23.34% | 97.37% | 35.78% | 44.43% | 17.89% | -14.22% | 74.48% | 32.18% | 41.74% |
| Operating CF Growth % | 23.64% | 25.29% | -194.55% | 110.8% | -121.17% | -45.82% | 40.3% | 144.43% | -60.1% | 278.65% | -28% | 43.6% | 881.86% | -47.08% | 63.21% | -44.68% | -244.19% | 131.69% | -41.07% | -27.1% |
| Net Income | 350.07M | 264.48M | 278.38M | 284.08M | 243.88M | 246M | 276.26M | 251.66M | 229.8M | 255.86M | 271.5M | 239.7M | 214.84M | 225.32M | 248.88M | 262.17M | 217.95M | 225M | 234.01M | 196.25M |
| Depreciation & Amortization | 114.83M | 122.62M | 93.16M | 91.35M | 92.19M | 92.44M | 89.55M | 84.34M | 84.76M | 83.95M | 84.75M | 83.68M | 84.23M | 89.79M | 77.21M | 78.47M | 76.8M | 75.01M | 74.24M | 69.22M |
| Stock-Based Compensation | 0 | 27.81M | 27.59M | 28.87M | 18.37M | 36.13M | 28.51M | 27.11M | 24.98M | 26.17M | 29.07M | 34.75M | 26.1M | 20.59M | 34.18M | 34.02M | 32.63M | 27.99M | 16.45M | 17.89M |
| Deferred Taxes | 30.15M | 0 | -13M | -17.52M | -7.98M | -45.73M | -9.31M | -10.32M | 647K | -27.77M | -7.11M | -11.3M | -499K | -25.19M | 2.88M | -12.76M | 1.9M | -5.22M | 1.83M | 3.72M |
| Other Non-Cash Items | -19.81M | -472.62M | 49.89M | 25.41M | 34.48M | -7.16M | 35.39M | 30.17M | 27.5M | 23.64M | 16.39M | 37.77M | 41.53M | 43.98M | 39.27M | -291.79M | 350.98M | 29.53M | 12.55M | 14.07M |
| Working Capital Changes | -531.85M | 870.45M | -814.95M | 728.05M | -455.08M | 326.99M | -19.6M | 157.96M | -17.5M | 835.42M | -108.93M | -163.3M | 511.47M | -38.3M | -5.67M | 83.99M | -792.52M | 245.21M | -95.99M | -22.55M |
| Change in Receivables | 0 | 933.21M | 740.36M | -174.71M | -565.65M | 407.72M | -87.36M | -114.39M | -382.89M | 599.23M | -377.09M | -728.06M | 372.34M | 351.56M | 275.47M | -406.74M | -818.97M | 289.76M | -314.33M | -237.98M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | -1.07B | 945M | 126.4M | 0 | 0 | 0 | 398.54M | 0 | 0 | 246.53M | 102.11M | -725.61M | 130.68M | 273.46M | 381.92M | -48.74M | 135.38M | 143.35M |
| Cash from Investing | 369.12M | 1.51B | -60.28M | -38.72M | -183.92M | -429.24M | -231.63M | -44.27M | -102.34M | -35.08M | -144.43M | -42.19M | -159.03M | -100.6M | -167.38M | -33.12M | -67.25M | -94.14M | -458.75M | -99.8M |
| Capital Expenditures | -51.09M | -52.44M | -50.91M | -52.64M | -44.77M | -44.11M | -45.78M | -44.1M | -41.19M | -36.66M | -38.24M | -42.19M | -36.74M | -43.8M | -41M | -35.24M | -31.39M | -37.08M | -28.69M | -26.24M |
| CapEx % of Revenue | 4.05% | 4.2% | 4.34% | 4.78% | 4.45% | 4.26% | 4.45% | 4.52% | 4.4% | 3.91% | 3.94% | 4.45% | 4.08% | 4.96% | 4.59% | 4.09% | 3.98% | 4.62% | 3.8% | 3.93% |
| Acquisitions | 420.21M | 2.09B | 0 | -929K | -153.72M | -390.7M | -185.85M | -3.55M | -56.33M | 1.59M | -106.19M | -3K | -126.69M | -56.8M | -126.37M | 2.12M | -35.86M | -57.07M | -430.06M | -71.27M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -525.71M | -9.37M | 0 | 14.57M | 5.57M | 0 | 3.37M | -4.83M | 0 | 0 | 0 | 4.4M | 0 | 0 | 0 | 0 | 0 | 0 | -2.29M |
| Cash from Financing | -416.17M | 1.66B | -180.64M | -63.94M | 142.3M | 228.75M | 415.47M | -80.69M | -158.55M | -396.75M | -259.65M | -24.1M | -217.72M | -271.11M | -162.51M | 172.21M | -49.82M | -235.3M | 220.55M | 375.25M |
| Debt Issued (Net) | 357.79M | 1.86B | 4.41M | -56.28M | 180.72M | 248.57M | 408.65M | 566.65M | 42.04M | -266.65M | 240.47M | -54.47M | -241.78M | -188.5M | 344.5M | 534.75M | 364.44M | 314.94M | 538.51M | 397.94M |
| Equity Issued (Net) | -774.25M | -495.48M | -184.65M | -8.28M | -26.64M | -5.19M | -7.75M | -648.84M | -198M | -127.41M | -499.88M | 30.37M | 23.8M | -82.26M | -497.07M | -362.54M | -413.93M | -532.82M | -393.45M | -245.97M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -785.97M | -500.24M | -191.71M | -32.16M | -58.72M | -248.75M | -92.17M | -658.24M | -288.83M | -139.95M | -534.94M | -2.38M | -9.6M | -109.56M | -500.34M | -372.57M | -422.74M | -533.45M | -405.69M | -254.54M |
| Other Financing | 285K | 299.8M | -397K | 619K | -11.78M | -14.63M | 14.57M | 1.5M | -2.6M | -2.69M | -238K | 0 | 264K | -344K | -9.95M | 0 | -337K | -17.41M | 75.49M | 223.28M |
| Net Change in Cash | -175.61M | 4.08B | -616.97M | 1.15B | -72.92M | 301.33M | 607.72M | 344.62M | 61.14M | 826.02M | -187.24M | 164.11M | 530.22M | -11.7M | -55.55M | 267M | -161.26M | 241.76M | -50.37M | 627.78M |
| Free Cash Flow | -107.71M | 760.3M | -429.84M | 1.09B | -118.92M | 604.56M | 355.01M | 496.82M | 308.99M | 1.16B | 247.43M | 179.11M | 840.93M | 272.39M | 355.75M | 118.86M | -143.64M | 560.45M | 214.41M | 252.35M |
| FCF Margin % | -8.54% | 60.91% | -36.66% | 98.69% | -11.83% | 58.44% | 34.49% | 50.92% | 33.04% | 123.82% | 25.49% | 18.89% | 93.3% | 30.83% | 39.84% | 13.8% | -18.2% | 69.86% | 28.38% | 37.81% |
| FCF Growth % | 9.43% | 25.76% | -221.08% | 118.91% | -138.49% | -47.91% | 43.48% | 177.39% | -63.26% | 326.08% | -30.45% | 50.68% | 685.44% | -51.4% | 65.92% | -52.9% | -346.28% | 139.01% | -45.63% | -30.58% |
| FCF per Share | -1.57 | 10.84 | -6.04 | 15.23 | -1.66 | 8.46 | 5.01 | 6.95 | 4.20 | 15.80 | 3.32 | 2.39 | 11.29 | 3.67 | 4.71 | 1.52 | -1.81 | 6.84 | 2.56 | 2.96 |
| FCF Conversion (FCF/Net Income) | -0.16x | 3.07x | -1.36x | 4.01x | -0.30x | 2.64x | 1.45x | 2.15x | 1.52x | 4.68x | 1.05x | 0.92x | 4.09x | 1.40x | 1.59x | 0.59x | -0.52x | 2.66x | 1.04x | 1.42x |
| Interest Paid | 0 | 0 | 118.58M | 119.77M | 119.02M | 126.29M | 131.89M | 122.14M | 115.77M | 121.28M | 111.25M | 111.2M | 104.65M | 91.33M | 64.99M | 39.36M | 33.97M | 36.36M | 41.33M | 27.09M |
| Taxes Paid | 0 | 0 | 119.42M | 147.24M | 114.75M | 109.48M | 79.23M | 146.41M | 38.92M | 88.58M | 81M | 203.33M | 35.44M | 48.66M | 93.91M | 143.36M | 72.3M | 82.69M | 33.06M | 81.93M |