Last 47 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Corpay, Inc.'s quarterly P/E stands at 18.4x, down 8.1% year-over-year. EV/EBITDA has compressed 15.9% YoY to 10.8x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 23.27 | 18.42 | 20.84 | 25.64 | 24.59 | 20.05 | 18.92 | 24.72 | 20.30 | 17.54 | 19.62 | 18.30 | 15.16 |
| — | -8.1% | +10.2% | +3.7% | +21.1% | +14.3% | -3.5% | +35.1% | +34.0% | +31.0% | +25.1% | -19.2% | -25.8% | |
| P/S Ratio | 5.74 | 4.37 | 5.38 | 6.20 | 5.84 | 5.39 | 4.88 | 6.07 | 5.54 | 4.91 | 4.97 | 4.36 | 3.86 |
| — | -18.9% | +10.2% | +2.3% | +5.5% | +9.8% | -1.7% | +39.2% | +43.5% | +31.6% | +4.1% | -30.4% | -32.5% | |
| P/B Ratio | 7.42 | 4.97 | 5.97 | 7.14 | 7.69 | 7.12 | 6.86 | 6.91 | 6.33 | 6.23 | 5.77 | 5.45 | 5.37 |
| — | -30.1% | -12.9% | +3.3% | +21.5% | +14.4% | +18.9% | +26.9% | +17.9% | +4.2% | -5.7% | -19.8% | -16.2% | |
| P/FCF | 12.92 | — | 5.45 | — | 10.00 | 15.62 | 9.58 | 18.36 | 4.47 | 19.25 | 26.28 | 4.67 | 12.52 |
| — | — | -43.2% | — | +123.6% | -18.9% | -63.5% | +293.2% | -64.3% | +105.8% | -24.0% | — | +52.9% | |
| EV / EBITDA | 13.68 | 10.79 | 12.98 | 15.20 | 13.18 | 12.84 | 12.08 | 14.59 | 12.84 | 11.77 | 12.25 | 11.55 | 10.48 |
| — | -15.9% | +7.4% | +4.1% | +2.6% | +9.1% | -1.4% | +26.3% | +22.6% | +14.3% | +0.5% | -26.5% | -23.7% | |
| EV / EBIT | 16.37 | 12.75 | 15.12 | 18.73 | 15.88 | 15.47 | 14.59 | 17.84 | 15.33 | 13.60 | 14.65 | 14.17 | 12.94 |
| — | -17.6% | +3.6% | +5.0% | +3.6% | +13.7% | -0.5% | +25.9% | +18.5% | +9.1% | -1.8% | -27.6% | -26.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Corpay, Inc.'s operating margin was 44.6% in Q3 2025, up 1.1 pp QoQ and down 0.9 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. Gross margin contracted 9.5% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 78.1% | 70.8% | 78.4% | 77.9% | 77.9% | 78.3% | 78.6% | 77.8% | 78.5% | 78.6% | 78.4% | 77.3% | 77.2% |
| — | -9.5% | -0.3% | +0.2% | -0.8% | -0.4% | +0.3% | +0.7% | +1.7% | +1.7% | -0.1% | -0.9% | -1.8% | |
| Operating Margin | 45.0% | 44.6% | 43.5% | 42.5% | 47.2% | 45.5% | 44.4% | 42.5% | 45.2% | 45.8% | 43.5% | 41.6% | 41.8% |
| — | -1.9% | -2.1% | -0.0% | +4.4% | -0.8% | +2.1% | +2.1% | +8.3% | +5.2% | +1.2% | +3.4% | -1.5% | |
| Net Margin | 25.3% | 23.7% | 25.8% | 24.2% | 23.8% | 26.9% | 25.8% | 24.6% | 27.3% | 28.0% | 25.3% | 23.8% | 25.5% |
| — | -11.7% | -0.0% | -1.6% | -12.9% | -4.0% | +2.0% | +3.1% | +7.0% | +0.3% | -16.9% | -13.7% | -9.1% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 31.2% | 6.9% | 7.6% | 7.3% | 7.9% | 9.4% | 8.3% | 7.0% | 8.1% | 8.6% | 7.8% | 7.9% | 9.5% |
| — | -26.8% | -8.3% | +4.7% | -2.6% | +9.3% | +6.5% | -11.6% | -14.6% | -15.2% | -16.8% | +4.9% | +26.9% | |
| ROA | 6.0% | 1.4% | 1.5% | 1.3% | 1.4% | 1.6% | 1.6% | 1.5% | 1.7% | 1.8% | 1.6% | 1.5% | 1.6% |
| — | -15.3% | -7.2% | -9.2% | -17.0% | -8.4% | -2.4% | -2.0% | +5.6% | +4.6% | -11.1% | -5.0% | -5.9% | |
| ROIC | 14.7% | 3.9% | 3.6% | 3.3% | 3.8% | 3.8% | 3.7% | 3.4% | 3.6% | 3.8% | 3.6% | 3.4% | 3.4% |
| — | +1.7% | -3.3% | -5.3% | +5.6% | +1.7% | +3.1% | +1.0% | +6.4% | +5.1% | +4.4% | +9.0% | -0.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Corpay, Inc.'s Debt/EBITDA ratio is 13.2x, down from 14.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 7.8% YoY to 1.13x, strengthening the short-term liquidity position. Debt/Equity has declined for 4 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.54 | 1.97 | 2.05 | 2.34 | 2.54 | 2.49 | 2.64 | 2.06 | 2.05 | 2.28 | 2.07 | 2.36 | 2.77 |
| — | -20.9% | -22.6% | +13.5% | +24.1% | +9.2% | +27.7% | -12.6% | -26.0% | -29.6% | -19.2% | +8.0% | +32.8% | |
| Debt / EBITDA | 3.74 | 13.18 | 14.22 | 15.74 | 13.77 | 13.92 | 14.17 | 14.03 | 13.23 | 13.18 | 13.60 | 14.80 | 15.33 |
| — | -5.3% | +0.4% | +12.1% | +4.0% | +5.6% | +4.2% | -5.2% | -13.7% | -14.9% | -11.2% | -8.0% | +6.5% | |
| Current Ratio | 1.00 | 1.13 | 1.12 | 1.10 | 1.00 | 1.05 | 1.02 | 1.07 | 1.04 | 1.02 | 1.08 | 1.03 | 1.01 |
| — | +7.8% | +9.7% | +3.0% | -4.0% | +3.3% | -5.5% | +4.4% | +2.7% | +2.6% | +1.4% | +1.1% | -2.6% | |
| Quick Ratio | 1.00 | 1.13 | 1.12 | 1.10 | 1.00 | 1.05 | 1.02 | 1.07 | 1.04 | 1.02 | 1.08 | 1.03 | 1.01 |
| — | +7.8% | +9.7% | +3.0% | -4.0% | +3.3% | -5.5% | +4.4% | +2.7% | +2.6% | +1.4% | +1.1% | -2.6% | |
| Interest Coverage | 4.67 | 5.23 | 4.95 | 4.55 | 5.15 | 4.48 | 4.58 | 4.46 | 4.61 | 5.04 | 4.66 | 4.70 | 4.98 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Start ComparisonCorpay, Inc.'s current P/E is 23.3x. The average P/E over the last 4 quarters is 22.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Corpay, Inc.'s current operating margin is 45.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Corpay, Inc.'s business trajectory between earnings reports.