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CPAY Financials Corpay

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 13.6% per year over the past 5 years.
  • Net income has grown slower than revenue (8.7% vs 13.6% per year).
  • Operating margin has expanded, at 44.0% in the latest year.
  • Free cash flow has declined 1.4% per year over the past 5 years.

Financial health

  • Total debt ($10.0B) exceeds cash ($2.4B); net debt is $7.6B.
  • Total debt has grown in line with revenue (13.7% vs 13.6% per year).
  • Operating income covered interest expense 4.9× in the latest year.
  • Total debt is 4.2× EBITDA.
Revenue & net income
$0 $2B $5B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 48% 96% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $974M $2B 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $5B $10B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$3B -$216M $2B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $4.5B $1.1B 0.0% 44.0% $1.3B $10.0B $2.4B
2024 $4.0B $1.0B 0.0% 45.0% $1.8B $8.0B $1.6B
2023 $3.8B $982M 0.0% 44.1% $1.9B $6.7B $1.4B
2022 $3.4B $954M 0.0% 42.2% $603M $7.0B $1.4B
2021 $2.8B $839M 0.0% 43.8% $1.1B $6.0B $1.5B
2020 $2.4B $704M 0.0% 40.7% $1.4B — $935M
2019 $2.6B $895M 0.0% 46.5% $1.1B — $1.3B
2018 $2.4B $811M 0.0% 44.8% $822M — $1.0B
2017 $2.2B $740M 95.7% 39.3% $610M — $914M
2016 $1.8B $452M 95.0% 41.2% $649M — $475M
2015 — $362M — — $713M — $447M
2014 — $369M — — $581M — $477M
2013 — $285M — — $355M $1.5B $338M
2012 — $216M — — $116M $925M $284M
2011 — $147M — — $266M $704M $285M

Valuation over time

How the market has priced CPAY against its own fundamentals since 2024-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 12.7 25.4 Mar '24 Jul '24 Nov '24 Mar '25 Jul '25 Nov '25 Mar '26
P/E
Price / sales (P/S)
0.0 3.3 6.6 Mar '24 Jul '24 Nov '24 Mar '25 Jul '25 Nov '25 Mar '26
P/S

Frequently asked questions

Is CPAY growing its revenue and profit?

Over the past 5 years, Corpay's revenue has grown 13.6% per year, and net income grown 8.7% per year. These are computed facts, not advice.

How much debt does CPAY have?

As of FY2025, Corpay reported $10.0B of total debt against $2.4B of cash; operating income covered interest expense 4.9×.

What is CPAY's profit margin?

In FY2025, gross margin was —, operating margin 44.0%, and net margin 23.6%.

What is CPAY's P/E ratio?

As of Jun '26, Corpay traded at a price-to-earnings ratio of about 19.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.