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

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

27 accounts · 5 years

Total assets $26.4B

Total liabilities ~$22.5B

Shareholders equity $3.9B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+41.4%	+25.6%	+18.1%	+1.7%	—
Accounts Receivable	+8.1%	+5.4%	+9.2%	+15.1%	—
Prepaid Expenses	+32.4%	+35.2%	+20.6%	+42.7%	—
Total Current Assets	+26.3%	+16.5%	+13.6%	+11.3%	—
Property,Plant and Equipment	+18.9%	+16.9%	+20.5%	+24.7%	—
Goodwill	+10.5%	+5.6%	+5.4%	+2.4%	—
Intangible Assets	+8.5%	+1.1%	-5.5%	-8.8%	—
Long Term Investments	+84.4%	+4.9%	+15.6%	+42.8%	—
Other Noncurrent Assets	+27.7%	+28.0%	+7.8%	+31.7%	—
Total Assets	+18.5%	+10.2%	+7.4%	+5.1%	—
Liabilities
Accounts Payable	+2.7%	+3.7%	+7.5%	+11.6%	—
Accrued Liabilities	+13.2%	+6.4%	-1.8%	-4.6%	—
Deferred Revenue	+46.0%	+22.2%	+15.8%	-15.9%	—
Current Portion of Long Term Debt	+21.8%	+22.2%	+18.4%	+52.5%	—
Other Current Liabilities	+33.4%	+46.5%	+24.0%	+45.5%	—
Total Current Liabilities	+28.2%	+18.1%	+13.6%	+14.2%	—
Deferred Tax Liabilities	+2.1%	-8.1%	-8.9%	-6.9%	—
Other Noncurrent Liabilities	+11.6%	+6.6%	+2.3%	+6.3%	—
Equity
Common Stock	+1.0%	+1.0%	+0.8%	+0.8%	—
Additional Paid In Capital	+8.4%	+9.8%	+6.5%	+5.9%	—
Retained Earnings	+13.2%	+13.7%	+14.4%	+15.3%	—
Treasury Stock	+16.9%	+19.4%	+19.7%	+29.2%	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Total Stockholders Equity	+7.9%	+2.9%	+7.0%	-11.3%	—
Noncontrolling Interest	—	—	—	—	—
Temporary Equity and Other	—	—	—	—	—
Total Liabilitiesand Equity	+18.5%	+10.2%	+7.4%	+5.1%	—

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $4.5B

Operating income $2.0B

Net income $1.1B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+12.4%	+11.9%	+15.2%	+20.9%	—
Expenses Selling,General and Administrative	+10.8%	+8.3%	+11.4%	+20.2%	—
Expenses Depreciation and Amortization	+8.5%	+7.3%	+8.8%	+13.4%	—
Expenses Other Operating Expenses	+14.4%	+14.1%	+18.9%	+30.8%	—
Other Income Expense Operating Income	+12.6%	+12.9%	+15.5%	+16.4%	—
Other Income Expense Interest Expense	—	—	—	—	—
Other Income Expense Other Income/expense	—	—	—	—	—
Other Income Expense Income Before Tax	+8.6%	+7.7%	+9.3%	+15.0%	—
Income Tax Income Tax Expense	+14.9%	+12.3%	+12.9%	+19.3%	—
net Income Other Items Below Tax	—	—	—	—	—
net Income net Income	+6.2%	+6.1%	+8.1%	+13.7%	—
net Income Comprehensive Income	+17.2%	-7.8%	+27.6%	+23.2%	—
Earnings Per Share Basic Eps	+10.5%	+11.7%	+14.5%	+23.4%	—
Earnings Per Share Diluted Eps	+10.8%	+11.8%	+14.9%	+24.3%	—
Earnings Per Share Weighted Average Shares Diluted	-4.1%	-5.1%	-5.9%	-8.6%	—

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $1.5B

Investing cash flow $1.2B

Financing cash flow $1.6B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	+6.3%	+6.1%	+8.1%	+13.7%	—
Operating Activities Depreciation and Amortization	+8.5%	+7.3%	+8.8%	+13.4%	—
Operating Activities Stock Based Compensation	+6.4%	+13.4%	+20.4%	+51.6%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—
Operating Activities Other Non Cash Items	+19.4%	+12.6%	+40.8%	+136.8%	—
Operating Activities net Cash From Operating Activities	+5.8%	+17.5%	+32.5%	-36.9%	—
Investing Activities Capital Expenditures	—	—	—	—	—
Investing Activities Business Acquisitions	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	—	—	—	—	—
Investing Activities Other Investing Activities	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Proceeds From Debt	+35.6%	+36.8%	+43.9%	+146.1%	—
Financing Activities Repayment of Debt	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	+8.6%	+106.3%	+52.7%	+1.3%	—
Financing Activities Other Financing Activities	—	—	—	—	—
Financing Activities net Cash From Financing Activities	+46.0%	+5.6%	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—
Cash Reconciliation net Change In Cash	+55.6%	+19.3%	+4.9%	-95.0%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+44.0%	+45.0%	+44.1%	+42.2%	+43.8%
Net margin	+23.6%	+25.3%	+26.1%	+27.8%	+29.6%
FCF margin	+28.7%	+44.4%	+51.8%	+17.6%	+38.3%
Growth
Revenue CAGR (3y)	+9.7%	+11.9%	+16.3%	+9.0%	+5.2%
Returns
ROE	+27.5%	+32.1%	+29.9%	+37.5%	+29.3%
ROA	+4.1%	+5.6%	+6.3%	+6.8%	+6.3%
ROIC	-78.7%	+90.2%	+54.1%	+42.2%	+44.1%
Liquidity
Current ratio	0.98x	1.00x	1.04x	1.01x	1.04x
Quick ratio	0.91x	0.90x	0.97x	0.93x	0.98x
Leverage
D/E	5.80x	4.75x	3.71x	4.54x	3.68x
Interest coverage	4.94x	4.67x	4.75x	8.79x	—
Efficiency
Asset turnover	0.17x	0.22x	0.24x	0.24x	0.21x
Cash conversion cycle	—	—	—	—	—

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