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Stocks / United States / CPAY · Services-Business Services, Nec · NYSE

Corpay, Inc. (CPAY)

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Corpay, Inc. (CPAY) reported revenue of $1.3 billion for Q2 FY2026, the quarter ended 30 June 2026, up 21.5% on the same quarter a year earlier. Net income was $248 million, down 12.6% on the year, and diluted earnings per share $3.70. The figures are the company's own, from the 10-Q it filed with the SEC on 10 August 2026.

Revenue$1.3 billionup 21.5%
Net income$248 milliondown 12.6%
Diluted EPS$3.70
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE32.2%
ROCE15.5%
Operating margin43.7%
Net margin22.7%
FCF margin32.6%
Interest cover5.02
Debt to equity3.00
Cash conversion1.62
Share count, 1 year-7.0%
Sales CAGR, 3 years9.7%
Profit CAGR, 3 years3.9%
EPS, TTM$16.42

At the close of 21 September 2026

Price$397.22
Market cap$26.1 billion
Stock P/E24.19
Price to book7.36
EV / EBITDA12.71
Dividend yieldn/a
Market cap / sales5.19
52-week high$425.24
52-week low$255.00
Price, 1 year31.6%
Price CAGR, 3 years13.7%
Price CAGR, 5 years9.1%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Corpay, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CPAY

Filings20 in twelve months: 13 current reports (8-K), about 8 regulation fd disclosure; 4 results of operations; 2 officer or director change; 2 material agreement; 2 acquisition or disposition completed
Planned insider sales16 Form 144 notices in twelve months, $149.0 million; latest 24 August 2026
Options tapeput/call 0.56 by open interest on 23 September 2026; the straddle prices a 4.9% move to 16 October 2026
Holders9 of the followed funds hold it; largest FMR LLC; 9 Schedule 13D or 13G filings in twelve months
Insider trading45 sales and 1 purchase on Form 4 in twelve months
Congress10 House trades disclosed in six months
Short interest2.7 million shares short, 6.71 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue9719379359761,0291,0341,0061,1021,1721,2481,2611,339
Operating income445424397433468488427479523564636472
Operating margin46%45%42%44%45%47%42%44%45%45%50%35%
Interest expense88.3n/a89.194.710494.893.996.9100113110115
Pre-tax income370333305334358387328393422399505345
Tax rate27%23%25%25%23%36%26%28%34%33%30%27%
Net income271256230252276246243284278264350248
Net margin28%27%25%26%27%24%24%26%24%21%28%19%
Diluted EPS$3.64$3.48$3.12$3.52$3.90$3.43$3.40$3.98$3.91$3.74$5.07$3.70
Operating cash flow77.21,197350541401649-74.21,140-379813-56.61,470
Capital expenditure38.236.741.244.145.844.144.852.650.952.451.154.4
Free cash flow39.01,161309497355605-1191,088-430760-1081,416
Buybacks53514028965892.224958.732.2192500786327
Shares outstanding72m72m71m69m70m70m70m71m70m68m66m66m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015FY2016 FY2017 FY2018FY2019FY2020 FY2021FY2022FY2023FY2024FY2025TTM
Revenue1,1991,7031,8322,2502,4332,6492,3892,8343,4273,7583,9754,5285,021
Cost of revenue13.284.191.696.8n/an/an/an/an/an/an/an/an/a
Gross profit1,1841,6191,7402,153n/an/an/an/an/an/an/an/an/a
Gross margin98.7%95.1%95.0%95.7%n/an/an/an/an/an/an/an/an/a
Operating income5656687548841,0911,2319721,2431,4471,6571,7871,9942,196
Operating margin47.1%39.2%41.2%39.3%44.8%46.5%40.7%43.8%42.2%44.1%45.0%44.0%43.7%
Interest expensen/an/an/an/an/an/an/an/a165349383404438
Pre-tax income5135366438941,0951,0788831,1091,2761,3251,3851,5421,671
Income tax144174191153284183178269321343381470521
Effective tax rate28.1%32.4%29.6%17.2%25.9%17.0%20.2%24.3%25.2%25.9%27.5%30.5%31.2%
Net income3693624527408118957048399549821,0041,0701,141
Net margin30.7%21.3%24.7%32.9%33.3%33.8%29.5%29.6%27.8%26.1%25.3%23.6%22.7%
Diluted EPS$4.24$3.85$4.75$7.91$8.81$9.94$8.12$9.99$12.42$13.20$13.97$15.03$16.42
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015FY2016 FY2017 FY2018FY2019FY2020 FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow6087557086809031,1621,4731,1977552,1011,9411,5001,847
Capital expenditure27.141.959.070.181.475.278.4112151154175201209
Free cash flow5817136496108221,0871,3941,0866031,9471,7651,2991,638
Free cash flow margin48.5%41.9%35.4%27.1%33.8%41.0%58.4%38.3%17.6%51.8%44.4%28.7%32.6%
Depreciation and amortisation112193203265275274255284322337351393443
Share-based compensation37.690.163.993.369.961.043.480.1121116117103115
Buybacks0.00.01884029596958501,3561,4056871,2887831,804
Diluted shares, weighted87m94m95m94m92m90m87m84m77m74m72m71m66m
Shares outstanding at period end92m92m92m90m86m85m84m79m73m72m70m68m66m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015FY2016 FY2017 FY2018FY2019FY2020 FY2021FY2022FY2023FY2024FY2025TTM
Total assets8,5257,8929,62711,31811,20212,24911,19513,40514,08915,47617,95726,40828,224
Cash and equivalents4774474759141,0311,2719351,5201,4351,3901,5542,4083,164
Receivables6746391,2021,4201,4261,5691,3671,7932,0652,1622,0902,1462,656
Goodwill3,7133,5464,1954,7164,5424,8334,7195,0795,2015,6455,9857,5657,150
Long-term debtn/an/an/an/an/an/an/a5,9787,0376,7237,99610,00210,624
Borrowings, as the company tags them2,2612,1592,6392,9944,8195,0374,3035,9787,0616,723n/an/an/a
Operating lease liabilitiesn/an/an/an/an/a81.775.479.986.775.864.785.3n/a
Shareholders' equity2,6192,8303,0843,6773,3403,7123,3552,8672,5413,2823,1223,8843,542
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded10.3%13.6%9.7%20.4%
Profit growth, compounded11.4%8.7%3.9%8.7%
Return on equity, average26.1%31.3%29.9%27.5%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Services-Business Services, Nec

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Mastercard Inc. MA$501.2 billion31.22289.7%58.3%16.0%4.390.6%
Uber Technologies, Inc. UBER$144.5 billion15.5035.1%12.1%16.7%0.470.0%
Accenture plc ACN$114.6 billion14.8724.4%14.5%6.7%0.163.2%
DoorDash, Inc. DASH$85.2 billion100.958.5%4.5%33.6%n/an/a
Ebay Inc. EBAY$48.2 billion22.4747.6%20.5%14.7%1.10n/a
PayPal Holdings, Inc. PYPL$46.9 billion9.8725.3%17.9%5.8%0.540.3%
MSCI Inc. MSCI$40.6 billion30.58n/a55.7%11.6%n/a1.4%
Corpay, Inc. CPAY$26.1 billion24.1932.2%43.7%20.4%3.00n/a
Fiserv Inc. FISV$24.7 billion8.9210.4%22.3%-1.2%0.99n/a
Global Payments Inc. GPN$22.7 billionn/an/an/an/a0.971.2%
Fair Isaac Corp. FICO$20.0 billion26.71n/a51.7%24.1%n/an/a
Broadridge Financial Solutions, Inc. BR$18.8 billion17.1539.6%17.4%8.5%1.152.4%
Fidelity National Information Services, Inc. FIS$18.1 billion5.4121.0%15.7%18.3%1.064.5%
Akamai Technologies Inc. AKAM$16.9 billion42.398.7%10.5%5.9%n/an/a
Costar Group, Inc. CSGP$11.8 billion145.200.9%7.6%22.0%0.13n/a
Visa Inc. Vn/an/a62.4%61.1%14.4%0.670.2%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 202610 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 202510 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 202512 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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