Saturday 17 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.

399.84 6.36 −1.57%

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Market cap: $26.7B
P/E: 24.0×
Fwd P/E: 16.3×
Dividend yield: —
F-score: 5/9
Altman Z: 1.51
Beneish M: −2.44
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 2.52

Total sells 148.20

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	2	—	—	1	3	—	7	—	—

Insider Ownership 3.65%

Capital & Financial Ratios $m

Market Cap 26,670.00

Revenue 5,020.50

Net Income 1,149.50

Free Cash Flow 1,638.41

Net Debt (4,070.20)

Current Ratio 0.97

Debt/Equity 1.70

P/E ratio 24.04

Fwd P/E 16.30

P/S ratio 5.22

P/B ratio 7.30

Past 5Y EPS Growth 13.10%

This Y EPS Growth 28.21%

Next Y EPS Growth 14.81%

Next Y revenue growth 17.48%

Next 5Y EPS Growth 19.92%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 49.91%

10-year low 10-year high

P/S against its own 10 years 21.16%

10-year low 10-year high

P/B against its own 10 years 88.91%

10-year low 10-year high

EV/Sales against its own 10 years 4.02%

10-year low 10-year high

EV/FCF against its own 10 years 15.70%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	3,142	4,456	8,992	10,168
Receivables	3,469	3,414	3,969	4,956
Inventory	—	—	—	—
Other	—	—	—	—
	7,084	8,676	13,963	16,484

	2023	2024	2025	Q'26
Payables	1,625	1,570	1,565	2,276
ST’ Debt	—	—	—	—
Other	4,025	5,246	10,603	11,889
	6,826	8,708	14,297	16,959

Compound Annual Growth %

	10y	5y	3y
Sales	10.27%	13.65%	9.73%
Cash Flow	7.11%	0.37%	25.72%
Earnings	11.42%	8.69%	3.83%
Book Value	3.33%	3.19%	15.61%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,261	1,339	—	—	—
’25	1,006	1,102	1,172	1,248	4,528
’24	935	976	1,029	1,034	3,975
’23	901	948	971	937	3,758
’22	789	861	893	884	3,427
’21	609	667	755	802	2,834
’20	661	525	585	617	2,389

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(57)	1,470	—	—	—
’25	(74)	1,140	(379)	813	1,500
’24	350	541	401	649	1,941
’23	878	221	286	717	2,101
’22	(112)	154	397	316	755
’21	78	279	243	598	1,197
’20	420	382	413	258	1,473

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(108)	1,416	—	—	—
’25	(119)	1,088	(430)	760	1,299
’24	309	497	355	605	1,765
’23	841	179	247	680	1,947
’22	(144)	119	356	272	603
’21	58	252	214	560	1,086
’20	402	364	394	234	1,394

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	5.07	3.70	—	—	—
’25	3.40	3.98	3.91	3.75	15.03
’24	3.12	3.52	3.90	3.44	13.97
’23	2.88	3.20	3.64	3.48	13.20
’22	2.75	3.35	3.29	3.03	12.42
’21	2.15	2.30	2.80	2.74	9.99
’20	1.67	1.83	2.19	2.44	8.12

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	107.56	121.52	172.18	180.05	168.51	200.78	161.69	179.21	247.10	252.84	Analyst estimates 2026–2028 Powerpack
	High	176.42	194.51	230.24	315.75	329.85	295.36	265.30	284.39	385.30	400.81
People
People	Employees	7,100	7,890	7,580	8,700	8,400	9,700	9,900	10,500	11,200	11,800
	Revenue/emp, $m	0.26	0.29	0.32	0.30	0.28	0.29	0.35	0.36	0.35	0.38
Income, $m
Income, $m	Revenue	1,832	2,250	2,433	2,649	2,389	2,834	3,427	3,758	3,975	4,528
	Gross margin, %	94.30	94.97	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	643	894	1,095	1,078	883	1,109	1,276	1,325	1,385	1,542
	EBT margin, %	35.10	39.72	45.00	40.69	36.94	39.13	37.22	35.26	34.85	34.04
	Net income	452	740	811	895	704	839	954	982	1,004	1,072
	Depreciation	211	272	280	279	261	291	330	344	449	414
Per share, $
Per share, $	Revenue	19.78	24.69	27.42	30.66	28.44	34.53	45.33	51.37	56.51	64.57
	Earnings	4.89	8.12	9.14	10.36	8.38	10.23	12.62	13.42	14.27	15.23
	Cash flow	7.65	7.46	10.18	13.45	17.53	14.59	9.98	28.72	27.59	21.39
	Capex	(0.64)	(0.77)	(0.92)	(0.87)	(0.93)	(1.36)	(2.00)	(2.10)	(2.49)	(2.86)
	Free cash flow	7.01	6.69	9.26	12.58	16.60	13.23	7.98	26.62	25.10	18.52
	Book value	33.31	40.34	37.64	42.96	39.94	34.93	33.62	44.87	44.73	55.99
	Shares, m	93	91	89	86	84	82	76	73	70	70
Valuation, ×
Valuation, ×	P/E	29.82	23.82	20.28	27.77	32.52	21.88	14.50	20.98	23.68	19.76
	P/S	7.31	7.85	6.77	9.38	9.59	6.48	4.04	5.48	5.99	4.66
	P/B	4.34	4.81	4.93	6.70	6.83	6.41	5.45	6.28	7.57	5.38
	EV/Sales	8.34	8.64	7.34	9.99	10.27	7.26	4.75	5.87	6.18	4.15
	EV/FCF	23.52	31.87	21.74	24.36	17.60	18.96	26.99	11.32	13.92	14.45
Cash, $m
Cash, $m	Operating cash flow	708	680	903	1,162	1,473	1,197	755	2,101	1,941	1,500
	Capex	(59)	(70)	(81)	(75)	(78)	(112)	(151)	(154)	(175)	(201)
	Free cash flow	649	610	822	1,087	1,394	1,086	603	1,947	1,765	1,299
Balance, $m
Balance, $m	Working capital	(769)	(546)	(619)	156	(12)	198	63	259	(32)	(333)
	Total debt	2,522	2,902	2,748	3,290	3,098	4,460	4,723	4,596	5,226	6,656
	Net debt	1,878	1,771	1,384	1,615	1,621	2,209	2,434	1,455	770	(2,336)
	Shareholders’ equity	3,084	3,677	3,340	3,712	3,355	2,867	2,541	3,282	3,146	3,927
Returns, %
Returns, %	ROA	5.17	7.07	7.21	7.63	6.01	6.83	6.94	6.64	6.00	4.82
	ROIC	9.50	10.14	14.43	14.45	12.21	15.30	18.17	21.86	28.53	78.34
	ROE	15.30	21.90	23.13	25.39	19.93	26.98	35.29	33.72	31.23	30.21

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
OKTA Okta, Inc.	$36.5B	111×	72.2×	+10.58% (above 0%: growing)	+76.32% (above 0%: growing)	+38.89% (above 0%: growing)	79.63%	13.29%	Compare
ZS Zscaler, Inc.	$35.9B	— (loss-making)	— (loss-making)	+24.88% (above 0%: growing)	n/m	−64.66% (below 0%: shrinking)	76.73%	(1.72%)	Compare
MDB MongoDB, Inc.	$29.5B	456×	2,423×	+30.50% (above 0%: growing)	n/m	+94.79% (above 0%: growing)	73.83%	3.68%	Compare
VRSN VeriSign, Inc.	$27.5B	32.8×	31.1×	+6.03% (above 0%: growing)	+7.69% (above 0%: growing)	+9.30% (above 0%: growing)	88.50%	68.18%	Compare
CPAY Corpay, Inc.	$26.7B	24.0×	16.3×	+21.49% (above 0%: growing)	−6.95% (below 0%: shrinking)	+30.16% (above 0%: growing)	100.00%	35.28%
FFIV F5, Inc.	$25.9B	34.8×	33.5×	+10.85% (above 0%: growing)	+11.55% (above 0%: growing)	+12.46% (above 0%: growing)	82.25%	24.65%	Compare
IOT Samsara Inc.	$24.9B	241×	208×	+29.88% (above 0%: growing)	n/m	+46.50% (above 0%: growing)	77.21%	0.96%	Compare
RBRK Rubrik, Inc.	$24.6B	— (loss-making)	— (loss-making)	+37.89% (above 0%: growing)	n/m	+14.13% (above 0%: growing)	78.44%	(16.83%)	Compare
GPN Global Payments Inc.	$22.3B	— (loss-making)	— (loss-making)	+68.63% (above 0%: growing)	−94.95% (below 0%: shrinking)	−35.83% (below 0%: shrinking)	61.04%	10.15%	Compare
Median of peers	$26.7B	111×	72.2×	+27.38%	+9.62%	+13.30%	77.83%	6.92%

All 173 Software Infrastructure stocks →

Corpay, Inc. (CPAY) key facts

Strength: Corpay, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.5 billion, up 13.9% from fiscal 2024.
Strength: Net income was $1.1 billion, or $15.23 per share (basic), a net margin of 23.6%.
Corpay, Inc. (CPAY) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
As of October 16, 2026, CPAY traded at $399.84, a market capitalization of $26.7 billion.
At that price the stock trades at 24.0× trailing-twelve-month earnings and 5.2× sales; its P/E is higher than 50% of its own readings over the past ten years.
Return on equity was 30.2% and debt-to-equity 1.70.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.51 (distress zone) for fiscal 2025.