Corpay

Financials Transaction & Payment Processing Services Atlanta, Georgia Last filing Feb 27, 2026 · FY2025

                    Revenue
                    FY2025
                
$4.5B
                    3y CAGR +9.7%
                    
                    P33
                    
                    +13.9%
                    
                    Net income
                    FY2025
                
$1.1B
                    Net margin +23.6%
                    
                    P45
                    
                    +6.6%
                    
                    Total assets
                    FY2025
                
$26.4B
                    ROA +4.1%
                    
                    P65
                    
                    +47.1%
                    
                    Operating cash flow
                    FY2025
                
$1.5B
                    FCF margin +28.7%
                    
                    P50
                    
                    -22.7%

17 yrs · FY2009–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

27 accounts · 3 years

Total assets $26.4B

Total liabilities ~$22.5B

Shareholders equity $3.9B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	34.0%	24.8%	20.3%
Accounts Receivable	15.0%	19.0%	22.4%
Prepaid Expenses	3.8%	4.5%	3.1%
Total Current Assets	52.9%	48.3%	45.8%
Property,Plant and Equipment	1.8%	2.1%	2.2%
Goodwill	28.6%	33.3%	36.5%
Intangible Assets	12.3%	13.4%	13.5%
Long Term Investments	2.3%	0.3%	0.4%
Other Noncurrent Assets	2.2%	2.5%	1.6%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	5.9%	8.7%	10.5%
Accrued Liabilities	2.3%	2.5%	2.3%
Deferred Revenue	30.7%	18.2%	15.5%
Current Portion of Long Term Debt	12.7%	15.4%	13.7%
Other Current Liabilities	2.5%	3.7%	2.1%
Total Current Liabilities	54.1%	48.5%	44.1%
Deferred Tax Liabilities	2.3%	2.4%	3.0%
Other Noncurrent Liabilities	27.5%	31.5%	31.6%
Equity
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	15.0%	21.2%	21.1%
Retained Earnings	38.9%	51.2%	52.9%
Treasury Stock	33.9%	45.5%	44.5%
Accumulated Other Comprehensive Income	-5.3%	-9.5%	-8.3%
Total Stockholders Equity	14.7%	17.4%	21.2%
Noncontrolling Interest	0.2%	0.1%	0.0%
Temporary Equity and Other	1.1%	0.0%	—
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

15 accounts · 3 years

Revenue $4.5B

Operating income $2.0B

Net income $1.1B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	17.1%	22.1%	24.3%
Expenses Selling,General and Administrative	2.8%	3.4%	3.9%
Expenses Depreciation and Amortization	1.5%	2.0%	2.2%
Expenses Other Operating Expenses	5.3%	6.8%	7.5%
Other Income Expense Operating Income	7.6%	10.0%	10.7%
Other Income Expense Interest Expense	1.5%	2.1%	2.3%
Other Income Expense Other Income/expense	-0.2%	-0.1%	0.1%
Other Income Expense Income Before Tax	5.8%	7.7%	8.6%
Income Tax Income Tax Expense	1.8%	2.1%	2.2%
net Income Other Items Below Tax	-0.0%	0.0%	0.0%
net Income net Income	4.1%	5.6%	6.3%
net Income Comprehensive Income	5.3%	3.2%	7.8%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	0.3%	0.4%	0.5%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 3 years

Operating cash flow $1.5B

Investing cash flow $1.2B

Financing cash flow $1.6B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	4.1%	5.6%	6.3%
Operating Activities Depreciation and Amortization	1.5%	2.0%	2.2%
Operating Activities Stock Based Compensation	0.4%	0.7%	0.8%
Operating Activities Deferred Income Taxes	-0.1%	-0.4%	-0.3%
Operating Activities Changes In Operating Assets and Liabilities	-0.6%	2.5%	3.8%
Operating Activities Other Non Cash Items	0.5%	0.5%	0.8%
Operating Activities net Cash From Operating Activities	5.7%	10.8%	13.6%
Investing Activities Capital Expenditures	-0.8%	-1.0%	-1.0%
Investing Activities Business Acquisitions	7.3%	-4.6%	-2.8%
Investing Activities Purchases of Investments	-2.2%	0.0%	0.0%
Investing Activities Proceeds From Sale of Investments	0.2%	1.0%	1.3%
Investing Activities Other Investing Activities	0.1%	0.0%	0.0%
Investing Activities net Cash From Investing Activities	4.6%	-4.5%	-2.5%
Financing Activities Proceeds From Debt	54.1%	60.3%	56.6%
Financing Activities Repayment of Debt	-46.5%	-52.4%	-59.5%
Financing Activities Repurchase of Common Stock	-3.0%	-7.2%	-4.4%
Financing Activities Proceeds From Stock Issuance	0.3%	2.4%	0.7%
Financing Activities Other Financing Activities	1.0%	-0.8%	0.9%
Financing Activities net Cash From Financing Activities	5.9%	2.3%	-5.8%
Cash Reconciliation Effect of Exchange Rate On Cash	0.9%	-1.2%	0.2%
Cash Reconciliation net Change In Cash	17.2%	7.3%	5.5%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	—	—	—
Operating margin	+44.0%	+45.0%	+44.1%
Net margin	+23.6%	+25.3%	+26.1%
FCF margin	+28.7%	+44.4%	+51.8%
Growth
Revenue CAGR (3y)	+9.7%	+11.9%	+16.3%
Returns
ROE	+27.5%	+32.1%	+29.9%
ROA	+4.1%	+5.6%	+6.3%
ROIC	-78.7%	+90.2%	+54.1%
Liquidity
Current ratio	0.98x	1.00x	1.04x
Quick ratio	0.91x	0.90x	0.97x
Leverage
D/E	5.80x	4.75x	3.71x
Interest coverage	4.94x	4.67x	4.75x
Efficiency
Asset turnover	0.17x	0.22x	0.24x
Cash conversion cycle	—	—	—

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Corpay

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history