CorpayCPAYEarnings & Financial Report
Corpay, Inc., headquartered in Atlanta, Georgia, provides payments and spend management systems and services that control expense-related purchasing and payment processes. The company focuses on vehicle-related expenses, lodging expenses, and corporate payments.
Revenue
$1.0B
Gross Profit
N/A
Operating Profit
$488.3M
Net Profit
$246.0M
Gross Margin
N/A
Operating Margin
47.2%
Net Margin
23.8%
YoY Growth
10.4%
EPS
$3.43
Corpay Q4 FY2024 Financial Summary
Corpay reported revenue of $1.0B (up 10.4% YoY) for Q4 FY2024, with a net profit of $246.0M (down 3.9% YoY) (23.8% margin).
Key Financial Metrics
| Total Revenue | $1.0B |
|---|---|
| Net Profit | $246.0M |
| Gross Margin | N/A |
| Operating Margin | 47.2% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
Corpay Q4 FY2024 revenue of $1.0B breaks down across 4 segments, led by Vehicle Payments at $497.7M (48.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Vehicle Payments | $497.7M | 48.1% |
| Corporate Payments | $346.2M | 33.5% |
| Lodging Payments | $120.9M | 11.7% |
| Other Operating Segments | $69.7M | 6.7% |
Corpay Revenue by Segment — Quarterly Trend
Corpay revenue by segment across the last 4 reported quarters, showing how each business line (such as Vehicle Payments and Corporate Payments) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Vehicle Payments | $572.9M | $553.2M | $525.5M | $487.1M |
| Corporate Payments | $480.8M | $409.7M | $391.9M | $352.7M |
| Lodging Payments | $112.5M | $127.0M | $119.8M | $110.2M |
| Other Operating Segments | $82.1M | $82.6M | $64.8M | $55.7M |
Corpay Annual Revenue by Year
Corpay annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.5B |
| 2024 | $4.0B |
| 2023 | $3.8B |
| 2022 | $3.4B |
Corpay Quarterly Revenue & Net Profit History
Corpay results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.2B | +20.7% | $264.5M | 21.2% |
| Q3 FY2025 | $1.2B | +13.9% | $277.9M | 23.7% |
| Q2 FY2025 | $1.1B | +12.9% | $284.2M | 25.8% |
| Q1 FY2025 | $1.0B | +7.5% | $243.2M | 24.2% |
| Q4 FY2024 | $1.0B | +10.4% | $246.0M | 23.8% |
| Q3 FY2024 | $1.0B | +6.0% | $276.4M | 26.9% |
| Q2 FY2024 | $975.7M | +2.9% | $251.6M | 25.8% |
| Q1 FY2024 | $935.3M | +3.8% | $229.8M | 24.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $935.3M | $975.7M | $1.03B | $1.03B | $1.01B | $1.10B | $1.17B | $1.25B |
| YoY Growth | 3.8% | 2.9% | 6.0% | 10.4% | 7.5% | 12.9% | 13.9% | 20.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $15.83B | $16.20B | $17.64B | $17.96B | $18.55B | $20.44B | $19.74B | $26.41B |
| Liabilities | $12.58B | $13.45B | $14.55B | $14.83B | $15.09B | $16.51B | $15.67B | $22.52B |
| Equity | $3.25B | $2.75B | $3.09B | $3.12B | $3.45B | $3.93B | $4.08B | $3.88B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $350.2M | $540.9M | $400.8M | $648.7M | $-74.2M | $1.14B | $-378.9M | $812.7M |