CPAY · Corpay, Inc. · Financials

$408.36 +5.80 (+1.44%)

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$26.81B

65.66M

Volume · Oct 20 361.94K Avg daily vol (3M) 505.2K

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Pull these statements through the financial statements API or MCP →

Revenue

$4.53B +13.9%

FY2025

Net Income

$1.07B +6.6%

FY2025

Gross Margin

95.7% +0.7pp

FY2017

Operating Margin

44.04% -0.9pp

FY2025

Diluted EPS

$15.03 +7.6%

FY2025

Operating Cash Flow

$1.5B -22.7%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2026 (G)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Revenue	+9.7%	+13.6%	+10.3%	$5.29B – $5.33B	$5.02B	$4.53B^G	$3.97B^G	$3.76B^G	$3.43B^G	$2.83B^G	$2.39B	$2.65B	$2.43B	$2.25B	$1.83B	$1.7B	$1.2B	$895.17M	$707.53M	$519.59M	$433.84M	$354.07M
Net Interest Income	—	—	—	—	-$357.9M	—	—	-$348.61M	-$164.66M	-$113.71M	-$129.8M	-$150.05M	-$138.49M	-$107.15M	-$71.9M	-$71.34M	-$28.86M	-$16.46M	-$13.02M	-$13.38M	-$20.53M	-$17.36M
Cost of Revenue	+94.3%	+83.1%	—	—	—	—	—	—	—	—	—	—	—	$96.8M	$91.6M	$84.1M	$13.2M	$7.1M	$4.7M	—	—	—
Gross Profit	+22.0%	+25.1%	—	—	—	—	—	—	—	—	—	—	—	$2.15B	$1.74B	$1.62B	$1.19B	$888.07M	$702.83M	—	—	—
Gross Margin	—	—	—	—	—	—	—	—	—	—	—	—	—	95.7%	95%	95.06%	98.9%	99.21%	99.34%	—	—	—
General & Administrative	+7.9%	+14.4%	+9.4%	—	$826.55M	$733.03M	$616.87M	$603.42M	$584.14M	$485.83M	$374.68M	$407.21M	$389.17M	$387.69M	$283.63M	$297.72M	$205.96M	$142.28M	$110.12M	$84.77M	$78.14M	$51.38M
Amortization of Intangibles	+4.9%	+7.3%	+5.1%	—	$297.6M	$261.9M	$230.8M	$225.4M	$227.2M	$205.5M	$184.2M	$206.9M	$216.3M	$211.8M	$161.64M	$159.74M	$86.15M	$49.31M	$32.38M	$19.59M	$17.21M	$13.9M
Depreciation & Amortization	+6.9%	+9.1%	+7.4%	—	$442.89M	$393.3M	$351.09M	$336.6M	$322.28M	$284.2M	$254.8M	$274.21M	$274.61M	$264.56M	$203.26M	$193.45M	$112.36M	$72.74M	$52.04M	$36.17M	$33.75M	$28.37M
Operating Income	+11.3%	+15.4%	+11.6%	—	$2.2B	$1.99B	$1.79B	$1.66B	$1.45B	$1.24B	$972.27M	$1.23B	$1.09B	$883.76M	$754.15M	$667.53M	$565.45M	$420.63M	$324.93M	$226.33M	$170.49M	$146.05M
Operating Margin	—	—	—	—	—	44.04%	44.96%	44.09%	42.21%	43.85%	40.7%	46.49%	44.82%	39.29%	41.18%	39.2%	47.14%	46.99%	45.92%	43.56%	39.3%	41.25%
EBITDA	+10.5%	+14.2%	+10.7%	—	$2.64B	$2.39B	$2.14B	$1.99B	$1.77B	$1.53B	$1.23B	$1.51B	$1.37B	$1.15B	$957.41M	$860.99M	$677.81M	$493.37M	$376.96M	$262.51M	$204.24M	$174.41M
Interest Expense	+34.9%	—	—	—	$437.87M	$403.85M	$383.04M	$348.61M	$164.66M	—	—	—	—	—	—	—	—	—	$13.02M	$13.38M	$20.53M	$7M
Other Non-Operating Income	—	—	—	—	-$525.22M	-$452.43M	-$402.04M	-$331.87M	-$170.98M	-$133.75M	-$89.74M	-$153.61M	$4.43M	$9.83M	-$111.23M	-$131.53M	-$52.51M	-$17.06M	-$1.12M	-$15.46M	-$19.21M	-$16.43M
Equity in Earnings of Unconsolidated Entities	—	—	—	—	—	-$25.4M	$0	$0	-$1.38M	$9000	$30.01M	-$3.47M	-$7.15M	-$53.16M	-$36.36M	-$57.67M	-$8.59M	—	—	—	—	—
Pretax Income	+6.5%	+11.8%	+11.1%	—	$1.67B	$1.54B	$1.39B	$1.33B	$1.28B	$1.11B	$882.53M	$1.08B	$1.1B	$893.59M	$642.92M	$536M	$512.94M	$403.57M	$310.79M	$210.88M	$151.28M	$129.62M
Income Tax	+13.5%	+21.4%	+10.5%	—	$521.32M	$469.73M	$381.38M	$343.12M	$321.33M	$269.31M	$178.31M	$182.75M	$283.64M	$153.39M	$190.53M	$173.57M	$144.24M	$119.07M	$94.59M	$63.54M	$43.38M	$40.56M
Net Income	+3.9%	+8.7%	+11.4%	—	$1.14B	$1.07B	$1B	$981.89M	$954.33M	$839.5M	$704.22M	$895.07M	$811.48M	$740.2M	$452.39M	$362.43M	$368.71M	$284.5M	$216.2M	$147.34M	$107.9M	$89.05M
Net Margin	—	—	—	—	—	23.62%	25.25%	26.13%	27.85%	29.63%	29.48%	33.79%	33.35%	32.9%	24.7%	21.28%	30.74%	31.78%	30.56%	28.36%	24.87%	25.15%
Net Income Attributable to Noncontrolling Interests	—	—	—	—	$8.7M	$2.12M	-$14K	$0	$0	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income Available to Common Stockholders	—	—	—	—	—	$1.07B	$1B	$981.89M	—	—	—	—	—	—	—	—	—	—	$216.2M	$147.34M	$106.41M	$73.26M
Comprehensive Income	+15.3%	+34.7%	+32.6%	—	$1.23B	$1.39B	$578.85M	$1.2B	$909.29M	$738.04M	$313.52M	$836.47M	$449.48M	$854.75M	$356.79M	$83.13M	—	—	—	—	—	—
EPS (Basic) USD/shares	+6.5%	+12.7%	+14.5%	—	$16.63	$15.23	$14.27	$13.42	$12.62	$10.23	$8.38	$10.36	$9.14	$8.12	$4.89	$3.94	$4.37	$3.48	$2.59	$1.83	$3.00	$2.17
EPS (Diluted) USD/shares	+6.6%	+13.1%	+14.6%	$19.50 – $19.90	$16.42	$15.03^G	$13.97^G	$13.20^G	$12.42^G	$9.99^G	$8.12	$9.94	$8.81	$7.91	$4.75	$3.85	$4.24	$3.36	$2.52	$1.76	$1.34	$1.13
Shares Outstanding (Basic Avg) shares	-2.5%	-3.5%	-2.7%	—	—	70.14M	70.33M	73.16M	75.6M	82.06M	84.01M	86.4M	88.75M	91.13M	92.6M	92.02M	84.32M	81.79M	83.33M	80.61M	35.43K	33.8K
Shares Outstanding (Diluted Avg) shares	-2.6%	-3.9%	-2.8%	—	—	71.06M	71.85M	74.39M	76.86M	84.06M	86.72M	90.07M	92.15M	93.59M	95.21M	94.14M	86.98M	84.66M	85.74M	83.65M	80.75K	78.85K

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2011–FY2025: $8.81B in buybacks.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balance	As of	Amount	Source
Long-term debt, including current maturities	2026-06-30	USD 10,623,531,000	10-Q filed 2026-08-10
Related accounting measures — not additional borrowing Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year. Current portion of long-term debt USD 4,525,389,000 Current portion of secured debt USD 2,300,000,000 Noncurrent other long-term debt USD 59,819,000

Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

6.83×

Peer median 6.60×

EV/EBIT

15.61×

Peer median 38.70×

P/E (TTM)

24.87×

Peer median 35.41×

EV/Adj. EBITDA (FY2025)

13.36×

Peer median 17.34×

Peer medians compare against the 48 similar-size Software - Infrastructure companies (of 158 listed).

EV/Adj. EBITDA uses the company-stated “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.

Valuation over time computed as of each quarter's filing date

EV/Adj. EBITDA uses the company-stated “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Vehicle Payments	$2,138,675,000	$2,008,799,000	$2,005,510,000	$1,950,038,000	$1,689,970,000	—	—	—
Corporate Payments	$1,635,065,000	$1,221,915,000	$981,127,000	$769,571,000	$598,242,000	—	—	—
Lodging Payments	$469,540,000	$488,589,000	$520,216,000	$456,511,000	$309,619,000	$207,037,000	$212,597,000	—
Other Operating Segments	$285,123,000	$255,286,000	$250,866,000	$251,009,000	$235,905,000	$211,147,000	$186,685,000	—
Brazil	—	—	—	—	—	$344,248,000	$427,921,000	$400,111,000
Fleet	—	—	—	—	—	$1,192,471,000	$1,311,922,000	—
International	—	—	—	—	—	—	—	$461,915,000
North American Segment	—	—	—	—	—	—	—	$1,571,466,000
Payments	—	—	—	—	—	$433,952,000	$509,723,000	—

By Geography (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
United States	$2,204,600,000	$2,078,600,000	$2,045,200,000	$2,020,700,000	$1,785,200,000	$1,467,500,000	$1,595,300,000	$1,481,785,000
Other Countries	$968,200,000	$759,700,000	$707,900,000	$572,700,000	$358,600,000	$314,200,000	$350,400,000	$293,945,000
Brazil	$713,300,000	$594,300,000	$526,100,000	$442,900,000	$368,100,000	$344,200,000	$427,900,000	$400,111,000
United Kingdom	$642,300,000	$542,000,000	$478,500,000	$390,900,000	$321,800,000	$262,900,000	$275,200,000	$257,651,000

By Product & Service (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Vehicle Payments	$2,138,700,000	$2,008,800,000	$2,005,500,000	$1,950,000,000	$1,690,000,000	—	—	—
Corporate Payments	$1,635,100,000	$1,221,900,000	$981,100,000	$769,600,000	$598,200,000	$434,000,000	$450,000,000	$415,856,000
Lodging Payments	$469,500,000	$488,600,000	$520,200,000	$456,500,000	$309,600,000	$207,000,000	$212,600,000	$175,505,000
Product And Service Other	$285,100,000	$255,300,000	$250,900,000	$251,000,000	$235,900,000	$244,300,000	$275,900,000	$197,264,000
Fuel Cards	—	—	—	—	—	$1,057,200,000	$1,173,000,000	$1,125,532,000
Gift	—	—	—	—	—	$154,400,000	$180,200,000	$186,646,000
Tolls	—	—	—	—	—	$292,000,000	$357,200,000	$332,689,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Vehicle Payments	$1,074,706,000	$1,076,870,000	$943,399,000	$884,493,000	$811,822,000	—	—	—
Corporate Payments	$639,793,000	$498,397,000	$382,085,000	$273,562,000	$210,290,000	—	—	—
Lodging Payments	$194,697,000	$223,388,000	$254,270,000	$218,637,000	$148,973,000	$90,888,000	$121,899,000	—
Other Operating Segments	$84,912,000	-$11,498,000	$77,119,000	$69,949,000	$71,471,000	$62,308,000	$53,691,000	—
Brazil	—	—	—	—	—	$148,051,000	—	$158,722,000
Brazil Segment	—	—	—	—	—	—	$175,429,000	—
Fleet	—	—	—	—	—	$594,741,000	$660,958,000	—
International	—	—	—	—	—	—	—	$257,499,000
North American Segment	—	—	—	—	—	—	—	$674,477,000
Payments	—	—	—	—	—	$76,277,000	$219,453,000	—

Operating Margin by Segment (%)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Vehicle Payments	50.3%	53.6%	47%	45.4%	48%	—	—	—
Corporate Payments	39.1%	40.8%	38.9%	35.5%	35.2%	—	—	—
Lodging Payments	41.5%	45.7%	48.9%	47.9%	48.1%	43.9%	57.3%	—
Other Operating Segments	29.8%	-4.5%	30.7%	27.9%	30.3%	29.5%	28.8%	—
Brazil	—	—	—	—	—	43%	—	39.7%
Fleet	—	—	—	—	—	49.9%	50.4%	—
International	—	—	—	—	—	—	—	55.7%
North American Segment	—	—	—	—	—	—	—	42.9%
Payments	—	—	—	—	—	17.6%	43.1%	—

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