CORPAY, INC. CPAY

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived NYSE

Corpay, Inc. (the "Company") is a global corporate payments company that helps businesses and consumers better manage and

pay their expenses in a simple, controlled manner. Corpay provides a broad suite of payment and spend management solutions,

including accounts payable (AP) automation and cross-border payment solutions (including foreign exchange spot, forward and

option transactions), commercial card programs (e.g., purchasing cards, business cards and virtual cards), vehicle payment

Last close 408.46 2026-10-23
Market cap $26.82B 2026-06-30 share count
52-week range 252.84 - 427.46

Valuation FY2025 figures against the last close

P/S5.9x
P/E27.2x
P/FCF20.6x
EV/EBITDA17.8x
Dividend yield—
Diluted EPS15.03

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Other
  • Brazil
  • United Kingdom
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 2.2B (48.7%) 49% United States Other, FY2025: 968.2M (21.4%) 21% Other Brazil, FY2025: 713.3M (15.8%) 16% Brazil United Kingdom, FY2025: 642.3M (14.2%) 14% United Kingdom FY2024 United States, FY2024: 2.1B (52.3%) 52% Other, FY2024: 759.7M (19.1%) 19% Brazil, FY2024: 594.3M (15.0%) 15% United Kingdom, FY2024: 542M (13.6%) 14% FY2023 United States, FY2023: 2B (54.4%) 54% Other, FY2023: 707.9M (18.8%) 19% Brazil, FY2023: 526.1M (14.0%) 14% United Kingdom, FY2023: 478.5M (12.7%) 13%
Region FY2025FY2024FY2023
United States $2.20B $2.08B $2.05B
Other $968.2M $759.7M $707.9M
Brazil $713.3M $594.3M $526.1M
United Kingdom $642.3M $542.0M $478.5M

As the company reported it, from the “Revenue - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.53B$3.97B$3.76B$3.43B$2.83B$2.39B$2.65B$2.43B$2.25B$1.83B
Cost of revenue ————————$96.8M$91.6M
Gross profit ————————$2.15B$1.74B
SG&A $733.0M$616.9M$603.4M$584.1M$485.8M$374.7M$407.2M$389.2M$387.7M$283.6M
Operating income $1.99B$1.79B$1.66B$1.45B$1.24B$972.3M$1.23B$1.09B$883.8M$754.2M
Interest expense $403.8M$383.0M$348.6M$164.7M$113.7M$129.8M$150.0M$138.5M$107.1M$71.9M
Pre-tax income $1.54B$1.39B$1.33B$1.28B$1.11B$882.5M$1.08B$1.10B$893.6M$642.9M
Income tax $469.7M$381.4M$343.1M$321.3M$269.3M$178.3M$182.7M$283.6M$153.4M$190.5M
Net income $1.07B$1.00B$982.0M$954.0M$839.0M$704.2M$895.1M$811.5M$740.2M$452.4M
EPS, basic 15.2314.2713.4212.6210.238.3810.369.148.124.89
EPS, diluted 15.0313.9713.2012.429.998.129.948.817.914.75
Shares, diluted (wtd. avg.) 71.1M71.8M74.4M76.9M84.1M86.7M90.1M92.2M93.6M95.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.41B$1.55B$1.39B$2.29B$2.25B$1.48B$1.68B$1.36B$1.13B$643.8M
Receivables $2.15B$2.09B$2.16B$2.06B$1.79B$1.37B$1.57B$1.43B$1.42B$1.20B
Total current assets $13.96B$8.68B$7.08B$6.11B$5.49B$3.96B$4.62B$3.88B$3.55B$2.53B
Property, plant and equipment $472.3M$377.7M$343.2M$294.7M$236.3M$202.5M$199.8M$186.2M$180.1M$142.5M
Goodwill $7.56B$5.98B$5.64B$5.20B$5.08B$4.72B$4.83B$4.54B$4.72B$4.20B
Other intangibles $3.24B$2.41B$2.09B$2.13B$2.34B$2.12B$2.34B$2.41B$2.72B$2.65B
Total assets $26.41B$17.96B$15.48B$14.09B$13.40B$11.19B$12.25B$11.20B$11.32B$9.63B
Accounts payable $1.56B$1.57B$1.62B$1.57B$1.41B$1.05B$1.25B$1.12B$1.44B$1.15B
Short-term debt $3.35B$2.77B$2.13B$2.31B$1.52B$1.21B$1.75B$2.07B$1.62B$1.34B
Total current liabilities $14.30B$8.71B$6.83B$6.04B$5.29B$3.97B$4.46B$4.50B$4.10B$3.30B
Long-term debt $10.00B$8.00B$6.72B$7.04B$5.98B—————
Retained earnings $10.26B$9.20B$8.19B$7.21B$6.26B$5.42B$4.71B$3.82B$2.96B$2.22B
Total equity $3.88B$3.12B$3.28B$2.54B$2.87B$3.36B$3.71B$3.34B$3.68B$3.08B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.50B$1.94B$2.10B$754.8M$1.20B$1.47B$1.16B$903.4M$680.1M$708.2M
Depreciation and amortisation $131.2M$120.1M$110.0M$92.0M$75.6M$65.2M$62.8M$52.9M$46.6M$36.5M
Stock-based compensation $102.6M$116.7M$116.1M$121.4M$80.1M$43.4M$61.0M$69.9M$93.3M$63.9M
Capital expenditure $200.8M$175.2M$153.8M$151.4M$111.5M$78.4M$75.2M$81.4M$70.1M$59.0M
Investing cash flow $1.23B-$807.5M-$380.7M-$368.3M-$715.9M-$106.2M-$523.7M-$26.3M-$497.8M-$1.39B
Financing cash flow $1.56B$405.0M-$898.2M-$311.2M$343.9M-$1.42B-$310.2M-$577.8M$251.9M$754.0M
Buybacks $782.8M$1.29B$686.9M$1.41B$1.36B$849.9M$694.9M$958.7M$402.4M$187.7M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001175454-26-000022.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 1.8B Gross profit, FY2016: 1.7B Net income, FY2016: 452.4M Revenue, FY2017: 2.2B Gross profit, FY2017: 2.2B Net income, FY2017: 740.2M Revenue, FY2018: 2.4B Net income, FY2018: 811.5M Revenue, FY2019: 2.6B Net income, FY2019: 895.1M Revenue, FY2020: 2.4B Net income, FY2020: 704.2M Revenue, FY2021: 2.8B Net income, FY2021: 839M Revenue, FY2022: 3.4B Net income, FY2022: 954M Revenue, FY2023: 3.8B Net income, FY2023: 982M Revenue, FY2024: 4B Net income, FY2024: 1B Revenue, FY2025: 4.5B Net income, FY2025: 1.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.83B $2.25B $2.43B $2.65B $2.39B $2.83B $3.43B $3.76B $3.97B $4.53B
Gross profit $1.74B $2.15B — — — — — — — —
Net income $452.4M $740.2M $811.5M $895.1M $704.2M $839.0M $954.0M $982.0M $1.00B $1.07B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Director nominations Dates and mechanics for shareholders proposing directors. Item 5.08

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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