CPAYNYSEServices-Business Services, NECFiscal year ends December 31
CORPAY, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$402.56+2.72 (+0.68%)
Close on Oct 19, 2026
- Market cap
- $26.70B
- P/E (TTM)
- 24.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
44.0%+3.3 pts over 5 years
Net margin
23.6%−5.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +13.9% | +9.7% | +13.6% | +10.3% | |
| Operating income | +11.6% | +11.3% | +15.4% | +11.6% | |
| Net income | +6.6% | +3.9% | +8.7% | +11.4% | |
| EPS, diluted | +7.6% | +6.6% | +13.1% | +14.6% | |
| Free cash flow | -26.4% | +29.1% | -1.4% | +6.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 15.3% | 19.9% | 30.5% | |
| Return on assets | 5.2% | 6.0% | 4.8% | |
| Current ratio | 0.77 | 1.00 | 0.98 | |
| Interest coverage | – | – | 4.9× | |
| Capex to revenue | 3.2% | 3.3% | 4.4% | |
| Diluted shares | 95M | 87M | 71M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Corpay generated $7.49B from operations and spent $6.31B on capital expenditure, dividends and share buybacks. 13% of that went back into the business.
Generated
$7.49B
Used
$6.31B
Capital expenditure$792.71M13%Dividends$00%Share buybacks$5.52B87%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin23.6%
×Asset turnover0.20×
×Equity multiplier6.33×
=Return on equity, FY202530.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 23.6% | 0.20× | 6.33× | 30.5% |
| FY2024 | 25.3% | 0.24× | 5.22× | 31.3% |
| FY2023 | 26.1% | 0.25× | 5.08× | 33.7% |
| FY2022 | 27.8% | 0.25× | 5.08× | 35.3% |
| FY2021 | 29.6% | 0.23× | 3.95× | 27.0% |
| FY2020 | 29.5% | 0.20× | 3.32× | 19.9% |
| FY2019 | 33.8% | 0.23× | 3.33× | 25.4% |
| FY2018 | 33.3% | 0.22× | 3.21× | 23.1% |
| FY2017 | 32.9% | 0.21× | 3.10× | 21.9% |
| FY2016 | 24.7% | 0.21× | 2.96× | 15.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.07B
- Cash generatingOperating cash flow above zero$1.50B
- Return on assets improvedROA up on the prior year6.5% → 6.0%
- Earnings backed by cashOperating cash flow above net income$1.50B vs $1.07B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.00 → 0.98
- No dilutionShare count did not rise72M → 71M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.26 → 0.25