Saturday 31 October 2026 Export CPAY’s income statement to Excel — free account

Corpay, Inc.

Corpay, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.5 billion, up 13.9% from fiscal 2024. In the quarter to June 2026, revenue grew 21.5%, EPS fell 6.95%, free cash flow grew 30.2% and total debt rose 3.90%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years; insiders bought in the last twelve months.

401.57 3.60 +0.90%

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Market cap: $26.1B
P/E: 24.1×
Fwd P/E: 20.5×
Dividend yield: —
F-score: 5/9
Altman Z: 1.51
Beneish M: −2.44
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

Corpay, Inc. (CPAY) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Vehicle Payments	2,139	47.23%
Corporate Payments	1,635	36.11%
Lodging Payments	470	10.37%
Other	285	6.30%
Gross margin		100.00%
Operating margin		44.04%
Pre-tax margin		34.04%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Vehicle Payments	2,139 47.23%	2,009 50.54%	2,006 53.37%	1,950 56.90%	1,690 59.64%	—	—	—	—	—	—
Corporate Payments	1,635 36.11%	1,222 30.74%	981 26.11%	770 22.46%	598 21.11%	434 18.17%	450 16.99%	416 17.09%	262 11.64%	180 9.80%	162 9.53%
Lodging Payments	470 10.37%	489 12.29%	520 13.84%	457 13.32%	310 10.93%	207 8.67%	213 8.03%	176 7.21%	127 5.63%	101 5.50%	92 5.39%
Other	285 6.30%	255 6.42%	251 6.68%	251 7.32%	236 8.32%	244 10.23%	276 10.42%	197 8.11%	214 9.53%	266 14.55%	154 9.03%
Fuel Cards	—	—	—	—	—	1,057 44.26%	1,173 44.28%	1,126 46.25%	1,132 50.31%	997 54.46%	1,116 65.51%
Tolls	—	—	—	—	—	292 12.22%	357 13.49%	333 13.67%	321 14.26%	103 5.61%	9 0.55%
Gift	—	—	—	—	—	154 6.46%	180 6.80%	187 7.67%	194 8.63%	185 10.09%	170 9.99%
Revenue	4,528	3,975	3,758	3,427	2,834	2,389	2,649	2,433	2,250	1,832	1,703

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Vehicle Payments	2,139 47.23%	2,009 50.54%	2,006 53.37%	1,950 56.90%	1,690 59.64%	—	—	—	—	—	—	—	—	—	—	—	—
Corporate Payments	1,635 36.11%	1,222 30.74%	981 26.11%	770 22.46%	598 21.11%	—	—	—	—	—	—	—	—	—	—	—	—
Lodging Payments	470 10.37%	489 12.29%	520 13.84%	457 13.32%	310 10.93%	207 8.67%	213 8.03%	—	—	—	—	—	—	—	—	—	—
Other	285 6.30%	255 6.42%	251 6.68%	251 7.32%	236 8.32%	211 8.84%	187 7.05%	—	—	—	—	—	—	—	—	—	—
Fleet	—	—	—	—	—	1,192 49.92%	1,312 49.53%	—	—	—	—	—	—	—	—	—	—
Payments	—	—	—	—	—	434 18.17%	510 19.24%	—	—	—	—	—	—	—	—	—	—
Brazil	—	—	—	—	—	344 14.41%	428 16.15%	400 16.44%	—	—	—	—	—	—	—	—	—
North American	—	—	—	—	—	—	—	1,571 64.58%	1,429 63.51%	1,279 69.84%	1,232 72.35%	668 55.72%	461 51.47%	400 56.56%	349 67.13%	288 66.34%	227 64.22%
International	—	—	—	—	—	—	—	462 18.98%	821 36.49%	552 30.16%	471 27.65%	531 44.28%	434 48.53%	307 43.44%	171 32.87%	146 33.66%	127 35.78%
Revenue	4,528	3,975	3,758	3,427	2,834	2,389	2,649	2,433	2,250	1,832	1,703	1,199	895	708	520	434	354

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Vehicle Payments	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate Payments	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Lodging Payments	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fleet	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Brazil	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Payments	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
North American	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
International	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2011	FY2010
United States	2,205 48.68%	2,079 52.30%	2,045 54.43%	2,021 58.96%	1,785 63.00%	1,468 61.43%	1,595 60.23%	1,482 60.89%	1,401 62.27%	1,279 69.82%	1,232 72.33%	348 66.99%	287 66.14%
Other	968 21.38%	760 19.11%	708 18.84%	573 16.71%	359 12.65%	314 13.15%	350 13.23%	294 12.08%	218 9.67%	156 8.51%	—	—	—
Brazil	713 15.75%	594 14.95%	526 14.00%	443 12.92%	368 12.99%	344 14.41%	428 16.15%	400 16.44%	395 17.54%	168 9.16%	85 5.00%	—	—
United Kingdom	642 14.18%	542 13.64%	479 12.73%	391 11.41%	322 11.36%	263 11.01%	275 10.39%	258 10.59%	237 10.52%	229 12.51%	249 14.60%	81 15.55%	77 17.83%
Czech Republic	—	—	—	—	—	—	—	—	—	—	—	55 10.50%	53 12.19%
Other, not broken out	—	—	—	—	—	—	—	—	—	—	138 8.07%	36 6.97%	17 3.85%
Revenue	4,528	3,975	3,758	3,427	2,834	2,389	2,649	2,433	2,250	1,832	1,703	520	434

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average monthly tag subscriptions	Q2 FY2026	8.0M	7.6M	+5.26%
Fleet transactions	Q2 FY2026	100.8M	118.7M	−15.08%
Other transactions	Q2 FY2026	22.9M	13.3M	+72.18%
Parking transactions	Q1 FY2026	66.3M	65.1M	+1.84%
Revenues, net per room night	Q2 FY2026	$16.34	$13.84	+18.06%
Revenues, net per spend $	Q2 FY2026	0.58%	0.67%	—
Revenues, net per transaction	Q2 FY2026	$0.19	$0.16	+18.75%
Revenues, net per transaction	Q1 FY2026	$2.70	$2.29	+17.90%
Room nights	Q2 FY2026	7.5M	8.7M	−13.79%
Spend volume	Q2 FY2026	$94.6B	$58.1B	+62.84%
Tag transactions	Q2 FY2026	23.9M	22.8M	+4.82%
Transactions	Q2 FY2026	147.6M	222.6M	−33.69%
Transactions	Q2 FY2026	450.4M	412.6M	+9.16%

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Average monthly tag subscriptions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fleet transactions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other transactions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Parking transactions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Revenues, net per room night	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Revenues, net per spend $	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Revenues, net per transaction	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Revenues, net per transaction	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Room nights	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Spend volume	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Tag transactions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Transactions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Transactions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.