Corpay

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

                    Revenue
                    FY2025
                
$4.5B
                    3y CAGR +9.7%
                    
                    P36
                    
                    +13.9%
                    
                    Net income
                    FY2025
                
$1.1B
                    Net margin +23.6%
                    
                    P68
                    
                    +6.6%
                    
                    Total assets
                    FY2025
                
$26.4B
                    ROA +4.1%
                    
                    P66
                    
                    +47.1%
                    
                    Operating cash flow
                    FY2025
                
$1.5B
                    FCF margin +28.7%
                    
                    P57
                    
                    -22.7%

18 yrs · FY2007–FY2025 1 gap (2008) 9 filed · 0 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

29 accounts · 3 years

Total assets $26.4B

Total liabilities $14.3B

Shareholders equity $3.9B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	9.1%	8.7%	9.0%
Accounts Receivable	8.1%	11.6%	14.0%
Prepaid Expenses	3.8%	4.5%	3.1%
Other Current Assets	2.2%	2.5%	1.6%
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%
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%
Long Term Debt	37.9%	44.5%	43.4%
Deferred Tax Liabilities	2.3%	2.4%	3.0%
Other Noncurrent Liabilities	2.3%	2.4%	1.9%
Total Liabilities	54.1%	48.5%	44.1%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	0.4%	0.7%	0.8%
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%
Noncontrolling Interest	0.2%	0.1%	0.0%
Total Stockholders Equity	14.7%	17.4%	21.2%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

14 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 Share Based Compensation	0.4%	0.7%	0.8%
Other Income Expense Operating Income	7.6%	10.0%	10.7%
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 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 Basic	0.3%	0.4%	0.5%
Earnings Per Share Weighted Average Shares Diluted	0.3%	0.4%	0.5%

Cash Flow Statement

Operating, investing, and financing flows

19 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	2.3%	0.9%	0.9%
Operating Activities Other Non Cash Items	-0.1%	-0.0%	-0.0%
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 Other Investing Activities	-0.1%	-0.0%	-0.0%
Investing Activities net Cash From Investing Activities	4.6%	-4.5%	-2.5%
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	-0.0%	0.0%	-0.0%
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%
Cash Reconciliation Cash At Beginning of Period	34.0%	24.8%	20.3%
Cash Reconciliation Cash At End of Period	34.0%	24.8%	20.3%

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	+9.4%	+10.5%	+11.4%
Liquidity
Current ratio	0.98x	1.00x	1.04x
Quick ratio	0.32x	0.42x	0.52x
Leverage
D/E	3.68x	2.79x	2.08x
Interest coverage	—	—	—
Efficiency
Asset turnover	0.17x	0.22x	0.24x
Cash conversion cycle	—	—	—

Valuation

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FY2025 fundamentals · no price

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Corpay

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