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NYSE · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

Corpay, Inc. CPAY

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.5B
▲ 13.9% YoY
$1.1B
▲ 6.6% YoY
$1.3B
▼ 26.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Corpay, Inc. provides payment and spend management solutions, including accounts payable automation and cross-border payment solutions such as foreign exchange spot, forward and option transactions, commercial card programs such as purchasing cards, business cards and virtual cards, vehicle payment solutions such as fuel cards and toll payments, and lodging payment solutions such as hotel and extended stay bookings. As of December 31, 2025, Corpay employed approximately 11,800 associates located in 34 countries, with approximately 4,300 of those associates based in the U.S. It reports results in four segments: Corporate Payments, Vehicle Payments, Lodging Payments and Other. Within Corporate Payments, its cross-border solution sends payments to recipients in close to 200 countries and 145 currencies through a network of correspondent banks, in-country payment gateways and technology providers. Within Vehicle Payments, its tolls solution operates on the Sem Parar network, which processes transactions for more than 7.5 million tagholders on 100% of the toll roads that accept RFID across Brazil. Within Lodging Payments, it serves customers through three primary verticals: workforce, airlines and insurance. Corpay, Inc. was incorporated in 2000.

Written from the business description in Corpay, Inc's annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 4.5B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.5 · Net income 1.1
2B4B
2009201220152018202120242025
Compound annual growth
+9.7%
+13.6%
+10.3%
+16.9%
+3.9%
+8.7%
+11.4%
+16.5%
+6.6%
+13.1%
+14.6%
−19.2%
+0.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +13.6% a year over the five years to FY2025 — but profit grew slower: net income at +8.7%, earnings per share at +13.1%.

The share count fell from 0.08B to 0.07B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

24 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 44.0% · Net 23.7%
20%40%
200920172025
ROE
FY2025 · ROE 30.5%
10%20%30%
200920172025
Three returns, three denominators.

Each USD of equity produced 31 cents of profit this year.

Cash & shareholders

USD 715.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.3
1B2B
200920172025
Net buybacks $B Dividends $B
FY2025 · Dividends · · Net buybacks 0.7
0.5B1.0B
20112014201620182020202220242025

USD 715.0M in buybacks — 67% of the year's profit went back to shareholders.

Total assetsUSD 26.4B
EquityUSD 3.9B
CashUSD 2.4B
Gross debtUSD 13.3B
Net debtUSD 10.9B
Current ratio0.98×

Net debt stands at 282% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
CPAY, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B4.54.03.83.42.82.42.62.42.21.81.71.20.90.70.50.40.4
Operating income $B2.01.81.71.41.21.01.21.10.90.80.70.60.40.30.20.20.1
EBITDA $B2.11.91.81.51.31.01.31.10.90.80.70.60.40.30.20.20.2
Income tax $B0.50.40.30.30.30.20.20.30.20.20.20.10.10.10.10.00.0
Net income $B1.11.01.01.00.80.70.90.80.70.50.40.40.30.20.10.10.1
Free cash flow $B1.31.81.90.61.11.41.10.80.60.60.70.60.40.10.30.10.2
EPS, diluted $15.0313.9713.2012.429.998.129.948.817.914.753.854.243.362.521.761.341.13
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————————————
ROE %30.531.333.735.327.019.925.423.121.915.313.319.226.625.120.519.618.8
Shares out B0.070.070.070.070.080.080.090.090.090.090.090.090.080.080.080.08◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Five checks were skipped: cost of revenue is not tagged before 2012. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Business Services, NEC
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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