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 revenue.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 10 years

Total assets $26.4B

Total liabilities $14.3B

Shareholders equity $3.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	53.2%	39.1%	37.0%	41.9%	53.6%	39.1%	48.0%	42.4%	40.6%	25.9%
Accounts Receivable	47.4%	52.6%	57.5%	60.2%	63.3%	57.2%	59.2%	58.6%	63.1%	65.6%
Prepaid Expenses	22.1%	20.3%	12.6%	13.6%	11.5%	17.3%	15.2%	8.2%	8.3%	5.0%
Other Current Assets	12.5%	11.3%	6.6%	8.2%	7.5%	8.1%	8.5%	6.1%	5.1%	3.9%
Total Current Assets	308.3%	218.3%	188.5%	178.2%	193.7%	165.6%	174.4%	159.3%	157.8%	138.0%
Property,Plant and Equipment	10.4%	9.5%	9.1%	8.6%	8.3%	8.5%	7.5%	7.7%	8.0%	7.8%
Goodwill	167.1%	150.6%	150.2%	151.8%	179.2%	197.5%	182.5%	186.6%	209.6%	229.0%
Intangible Assets	71.5%	60.6%	55.5%	62.2%	82.4%	88.6%	88.4%	98.9%	121.1%	144.9%
Other Noncurrent Assets	12.5%	11.3%	6.6%	8.2%	7.5%	8.1%	8.5%	6.1%	5.1%	3.9%
Total Assets	583.2%	451.8%	411.9%	411.1%	473.0%	468.6%	462.4%	460.3%	503.1%	525.6%
Liabilities
Accounts Payable	34.5%	39.5%	43.2%	45.8%	49.6%	44.1%	47.2%	45.9%	63.9%	62.9%
Accrued Liabilities	13.4%	11.2%	9.5%	10.3%	13.0%	11.8%	10.4%	10.7%	10.6%	13.0%
Deferred Revenue	179.3%	82.2%	63.8%	43.9%	63.1%	49.2%	38.0%	38.1%	—	—
Current Portion of Long Term Debt	73.9%	69.7%	56.6%	67.5%	53.6%	50.5%	65.9%	85.1%	71.9%	73.0%
Other Current Liabilities	14.6%	16.5%	8.5%	8.9%	7.4%	10.5%	6.9%	4.9%	3.2%	2.1%
Total Current Liabilities	315.7%	219.1%	181.6%	176.3%	186.7%	166.1%	168.5%	184.7%	182.1%	180.0%
Long Term Debt	220.9%	201.2%	178.9%	206.0%	210.9%	181.4%	190.2%	198.0%	200.9%	210.7%
Deferred Tax Liabilities	13.6%	11.0%	12.5%	15.4%	20.0%	20.9%	19.6%	20.2%	23.1%	36.5%
Other Noncurrent Liabilities	13.5%	11.0%	8.0%	7.4%	7.8%	10.3%	10.0%	5.2%	5.6%	3.1%
Total Liabilities	315.7%	219.1%	181.6%	176.3%	186.7%	166.1%	168.5%	184.7%	182.1%	180.0%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	2.3%	2.9%	3.1%	3.5%	2.8%	1.8%	2.3%	2.9%	4.1%	113.2%
Retained Earnings	226.7%	231.4%	218.0%	210.4%	220.8%	226.8%	177.9%	156.9%	131.5%	121.1%
Treasury Stock	197.8%	205.6%	183.3%	181.2%	169.5%	144.4%	95.3%	76.9%	42.0%	29.6%
Accumulated Other Comprehensive Income	-30.7%	-43.1%	-34.3%	-44.0%	-51.7%	-57.1%	-36.7%	-37.6%	-24.5%	-36.4%
Noncontrolling Interest	0.9%	0.6%	0.0%	0.0%	—	—	—	—	—	—
Total Stockholders Equity	85.8%	78.6%	87.3%	74.2%	101.2%	140.5%	140.1%	137.3%	163.4%	168.4%
Total Liabilitiesand Equity	583.2%	451.8%	411.9%	411.1%	473.0%	468.6%	462.4%	460.3%	503.1%	525.6%

Income Statement

Revenue, expense, and profitability

14 accounts · 10 years

Revenue $4.5B

Operating income $2.0B

Net income $1.1B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	16.2%	15.5%	16.1%	17.0%	17.1%	15.7%	15.4%	16.0%	17.2%	15.5%
Expenses Depreciation and Amortization	8.7%	8.8%	9.0%	9.4%	10.0%	10.7%	10.4%	11.3%	11.8%	11.1%
Expenses Share Based Compensation	2.3%	2.9%	3.1%	3.5%	2.8%	1.8%	2.3%	2.9%	4.1%	3.5%
Other Income Expense Operating Income	44.0%	45.0%	44.1%	42.2%	43.8%	40.7%	46.5%	44.8%	39.3%	41.2%
Other Income Expense Other Income/expense	-1.0%	-0.4%	0.4%	-0.1%	-0.1%	0.4%	-0.0%	6.3%	7.7%	-0.2%
Other Income Expense Income Before Tax	34.0%	34.8%	35.3%	37.2%	39.1%	36.9%	40.7%	45.0%	39.7%	35.1%
Income Tax Income Tax Expense	10.4%	9.6%	9.1%	9.4%	9.5%	7.5%	6.9%	11.7%	6.8%	10.4%
net Income net Income	23.6%	25.3%	26.1%	27.8%	29.6%	29.5%	33.8%	33.3%	32.9%	24.7%
net Income Comprehensive Income	30.7%	14.6%	32.0%	26.5%	26.0%	13.1%	31.6%	18.5%	38.0%	19.5%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.5%	1.8%	1.9%	2.2%	2.9%	3.5%	3.3%	3.6%	4.1%	5.1%
Earnings Per Share Weighted Average Shares Diluted	1.6%	1.8%	2.0%	2.2%	3.0%	3.6%	3.4%	3.8%	4.2%	5.2%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 10 years

Operating cash flow $1.5B

Investing cash flow $1.2B

Financing cash flow $1.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	23.6%	25.3%	26.1%	27.8%	29.6%	29.5%	33.8%	33.3%	32.9%	24.7%
Operating Activities Depreciation and Amortization	8.7%	8.8%	9.0%	9.4%	10.0%	10.7%	10.4%	11.3%	11.8%	11.1%
Operating Activities Stock Based Compensation	2.3%	2.9%	3.1%	3.5%	2.8%	1.8%	2.3%	2.9%	4.1%	3.5%
Operating Activities Deferred Income Taxes	-0.6%	-1.6%	-1.2%	-1.0%	0.4%	0.7%	1.4%	-0.1%	-11.0%	-1.6%
Operating Activities Changes In Operating Assets and Liabilities	13.3%	4.2%	3.8%	18.0%	20.8%	-16.1%	14.4%	7.7%	18.0%	18.2%
Operating Activities Other Non Cash Items	-0.4%	-0.0%	-0.0%	-0.0%	0.0%	0.1%	-0.0%	-0.4%	0.0%	0.0%
Operating Activities net Cash From Operating Activities	33.1%	48.8%	55.9%	22.0%	42.2%	61.6%	43.9%	37.1%	30.2%	38.7%
Investing Activities Capital Expenditures	4.4%	4.4%	4.1%	4.4%	3.9%	3.3%	2.8%	3.3%	3.1%	3.2%
Investing Activities Business Acquisitions	-42.7%	20.7%	11.4%	6.3%	21.2%	3.4%	16.9%	0.9%	31.4%	72.7%
Investing Activities Other Investing Activities	-0.3%	-0.1%	-0.1%	0.0%	0.1%	0.0%	0.0%	0.9%	1.7%	-0.1%
Investing Activities net Cash From Investing Activities	27.1%	-20.3%	-10.1%	-10.7%	-25.3%	-4.4%	-19.8%	-1.1%	-22.1%	-75.9%
Financing Activities Repurchase of Common Stock	17.3%	32.4%	18.3%	41.0%	47.8%	35.6%	26.2%	39.4%	17.9%	10.2%
Financing Activities Proceeds From Stock Issuance	1.5%	10.8%	3.0%	1.4%	1.7%	5.7%	6.4%	2.3%	2.0%	1.2%
Financing Activities Other Financing Activities	-0.0%	0.1%	-0.1%	-0.0%	-0.0%	-0.0%	0.0%	0.0%	0.0%	-0.0%
Financing Activities net Cash From Financing Activities	34.5%	10.2%	-23.9%	-9.1%	12.1%	-59.3%	-11.7%	-23.7%	11.2%	41.2%
Cash Reconciliation Effect of Exchange Rate On Cash	5.4%	-5.6%	0.8%	-1.1%	-1.8%	-6.2%	-0.7%	-2.7%	2.4%	-2.4%
Cash Reconciliation net Change In Cash	100.2%	33.1%	22.7%	1.1%	27.3%	-8.3%	11.7%	9.6%	21.7%	1.6%
Cash Reconciliation Cash At Beginning of Period	198.6%	112.1%	83.6%	66.8%	79.4%	61.8%	63.2%	56.1%	50.3%	35.1%
Cash Reconciliation Cash At End of Period	198.6%	112.1%	83.6%	66.8%	79.4%	61.8%	63.2%	56.1%	50.3%	35.1%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	+95.7%	+95.0%
Operating margin	+44.0%	+45.0%	+44.1%	+42.2%	+43.8%	+40.7%	+46.5%	+44.8%	+39.3%	+41.2%
Net margin	+23.6%	+25.3%	+26.1%	+27.8%	+29.6%	+29.5%	+33.8%	+33.3%	+32.9%	+24.7%
FCF margin	+28.7%	+44.4%	+51.8%	+17.6%	+38.3%	+58.4%	+41.0%	+33.8%	+27.1%	+35.4%
Growth
Revenue CAGR (3y)	+9.7%	+11.9%	+16.3%	+9.0%	+5.2%	+2.0%	+13.1%	—	—	—
Returns
ROE	+27.5%	+32.1%	+29.9%	+37.5%	+29.3%	+21.0%	+24.1%	+24.3%	+20.1%	+14.7%
ROA	+4.1%	+5.6%	+6.3%	+6.8%	+6.3%	+6.3%	+7.3%	+7.2%	+6.5%	+4.7%
ROIC	+9.4%	+10.5%	+11.4%	+10.3%	+10.6%	+9.7%	+11.1%	+8.8%	+8.2%	+6.8%
Liquidity
Current ratio	0.98x	1.00x	1.04x	1.01x	1.04x	1.00x	1.03x	0.86x	0.87x	0.77x
Quick ratio	0.32x	0.42x	0.52x	0.58x	0.63x	0.58x	0.64x	0.55x	0.57x	0.51x
Leverage
D/E	3.68x	2.79x	2.08x	2.38x	1.85x	1.18x	1.20x	1.35x	1.11x	1.07x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.17x	0.22x	0.24x	0.24x	0.21x	0.21x	0.22x	0.22x	0.20x	0.19x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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