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 revenue.

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	198.6%	112.1%	83.6%
Accounts Receivable	87.6%	85.9%	92.3%
Prepaid Expenses	22.1%	20.3%	12.6%
Total Current Assets	308.3%	218.3%	188.5%
Property,Plant and Equipment	10.4%	9.5%	9.1%
Goodwill	167.1%	150.6%	150.2%
Intangible Assets	71.5%	60.6%	55.5%
Long Term Investments	13.3%	1.5%	1.9%
Other Noncurrent Assets	12.5%	11.3%	6.6%
Total Assets	583.2%	451.8%	411.9%
Liabilities
Accounts Payable	34.5%	39.5%	43.2%
Accrued Liabilities	13.4%	11.2%	9.5%
Deferred Revenue	179.3%	82.2%	63.8%
Current Portion of Long Term Debt	73.9%	69.7%	56.6%
Other Current Liabilities	14.6%	16.5%	8.5%
Total Current Liabilities	315.7%	219.1%	181.6%
Deferred Tax Liabilities	13.6%	11.0%	12.5%
Other Noncurrent Liabilities	160.5%	142.5%	130.3%
Equity
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	87.7%	95.9%	86.9%
Retained Earnings	226.7%	231.4%	218.0%
Treasury Stock	197.8%	205.6%	183.3%
Accumulated Other Comprehensive Income	-30.7%	-43.1%	-34.3%
Total Stockholders Equity	85.8%	78.6%	87.4%
Noncontrolling Interest	0.9%	0.6%	0.0%
Temporary Equity and Other	6.7%	0.0%	—
Total Liabilitiesand Equity	583.2%	451.8%	411.9%

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	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	16.2%	15.5%	16.1%
Expenses Depreciation and Amortization	8.7%	8.8%	9.0%
Expenses Other Operating Expenses	31.1%	30.7%	30.9%
Other Income Expense Operating Income	44.0%	45.0%	44.1%
Other Income Expense Interest Expense	8.9%	9.6%	9.3%
Other Income Expense Other Income/expense	-1.1%	-0.5%	0.4%
Other Income Expense Income Before Tax	34.0%	34.8%	35.3%
Income Tax Income Tax Expense	10.4%	9.6%	9.1%
net Income Other Items Below Tax	-0.0%	0.0%	0.0%
net Income net Income	23.6%	25.3%	26.1%
net Income Comprehensive Income	30.7%	14.6%	32.0%
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	1.6%	1.8%	2.0%

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	23.7%	25.3%	26.1%
Operating Activities Depreciation and Amortization	8.7%	8.8%	9.0%
Operating Activities Stock Based Compensation	2.3%	2.9%	3.1%
Operating Activities Deferred Income Taxes	-0.6%	-1.6%	-1.2%
Operating Activities Changes In Operating Assets and Liabilities	-3.6%	11.3%	15.8%
Operating Activities Other Non Cash Items	2.7%	2.2%	3.2%
Operating Activities net Cash From Operating Activities	33.1%	48.8%	55.9%
Investing Activities Capital Expenditures	-4.4%	-4.4%	-4.1%
Investing Activities Business Acquisitions	42.7%	-20.7%	-11.4%
Investing Activities Purchases of Investments	-12.8%	0.0%	0.0%
Investing Activities Proceeds From Sale of Investments	1.3%	4.7%	5.2%
Investing Activities Other Investing Activities	0.3%	0.1%	0.1%
Investing Activities net Cash From Investing Activities	27.1%	-20.3%	-10.1%
Financing Activities Proceeds From Debt	315.4%	272.5%	233.0%
Financing Activities Repayment of Debt	-270.9%	-237.0%	-245.2%
Financing Activities Repurchase of Common Stock	-17.3%	-32.4%	-18.3%
Financing Activities Proceeds From Stock Issuance	1.5%	10.8%	3.0%
Financing Activities Other Financing Activities	5.8%	-3.7%	3.5%
Financing Activities net Cash From Financing Activities	34.5%	10.2%	-23.9%
Cash Reconciliation Effect of Exchange Rate On Cash	5.4%	-5.6%	0.8%
Cash Reconciliation net Change In Cash	100.2%	33.1%	22.7%

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

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FY2025 fundamentals · no price

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Corpay

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