Corpay (CPAY) FY2024 results: revenue $4.0 billion, up 5.8% on the year
Corpay, Inc. (CPAY) reported revenue of $4.0 billion for fiscal 2024, the year ended 31 December 2024, up 5.8% on the year before. Net income was $1.0 billion, up 2.2%, and diluted earnings per share $13.97. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$4.0 billion
+5.8% on the year
FY2017FY2024
Operating margin
45.0%
44.1% a year earlier
FY2017FY2024
Net income
$1.0 billion
+2.2% on the year
FY2017FY2024
Diluted EPS
$13.97
+5.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,941
2,101
755
-7.6%
Capital expenditure
175
154
151
+13.9%
Free cash flow
1,765
1,947
603
-9.3%
Free cash flow margin
44.4%
51.8%
17.6%
Cash from investing
-807
-381
-368
Cash from financing
405
-898
-311
Depreciation and amortisation
351
337
322
+4.3%
Share-based compensation
117
116
121
+0.5%
Buybacks
1,288
687
1,405
+87.5%
Diluted shares, weighted
72m
74m
77m
-3.4%
Shares outstanding at period end
70m
72m
73m
-2.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,122
3,282
2,541
-4.9%
Non-controlling interest
23.6
0.0
n/a
Redeemable equity
0.0
n/a
n/a
Debt
7,996
6,723
7,037
+18.9%
Operating lease liabilities
64.7
75.8
86.7
-14.6%
Other liabilities
6,750
5,395
4,424
+25.1%
Total liabilities and equity
17,957
15,476
14,089
+16.0%
Fixed assets
378
343
295
+10.1%
Goodwill
5,985
5,645
5,201
+6.0%
Intangible assets
2,410
2,086
2,131
+15.6%
Cash and equivalents
1,554
1,390
1,435
+11.8%
Receivables
2,090
2,162
2,065
-3.3%
Other assets
5,540
3,851
2,962
+43.9%
Total assets
17,957
15,476
14,089
+16.0%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.