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Side-by-side financial comparison of Corpay (CPAY) and SS&C Technologies Holdings Inc (SSNC). Click either name above to swap in a different company.
SS&C Technologies Holdings Inc is the larger business by last-quarter revenue ($1.6B vs $1.2B, roughly 1.3× Corpay). Corpay runs the higher net margin — 21.2% vs 13.7%, a 7.5% gap on every dollar of revenue. On growth, Corpay posted the faster year-over-year revenue change (20.7% vs 8.8%). Over the past eight quarters, Corpay's revenue compounded faster (15.5% CAGR vs 6.5%).
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.
SS&C Technologies Holdings, Inc. is an American multinational holding company headquartered in Windsor, Connecticut, that sells software and software as a service to the financial services industry. The company has offices in the Americas, Europe, Asia, Africa and Australia.
CPAY vs SSNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.6B |
| Net Profit | $264.5M | $226.1M |
| Gross Margin | — | 48.7% |
| Operating Margin | 45.2% | 24.2% |
| Net Margin | 21.2% | 13.7% |
| Revenue YoY | 20.7% | 8.8% |
| Net Profit YoY | 7.5% | 6.2% |
| EPS (diluted) | $3.74 | $0.91 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $975.7M | $1.5B |
| Q1 26 | — | $226.1M | ||
| Q4 25 | $264.5M | $193.1M | ||
| Q3 25 | $277.9M | $210.0M | ||
| Q2 25 | $284.2M | $180.8M | ||
| Q1 25 | $243.2M | $213.0M | ||
| Q4 24 | $246.0M | $248.2M | ||
| Q3 24 | $276.4M | $164.4M | ||
| Q2 24 | $251.6M | $190.3M |
| Q1 26 | — | 48.7% | ||
| Q4 25 | — | 47.8% | ||
| Q3 25 | — | 47.7% | ||
| Q2 25 | — | 48.0% | ||
| Q1 25 | — | 49.3% | ||
| Q4 24 | — | 49.3% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 48.1% |
| Q1 26 | — | 24.2% | ||
| Q4 25 | 45.2% | 22.3% | ||
| Q3 25 | 44.6% | 23.3% | ||
| Q2 25 | 43.5% | 22.4% | ||
| Q1 25 | 42.5% | 23.6% | ||
| Q4 24 | 47.2% | 23.4% | ||
| Q3 24 | 45.5% | 22.2% | ||
| Q2 24 | 44.4% | 22.6% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 21.2% | 11.7% | ||
| Q3 25 | 23.7% | 13.4% | ||
| Q2 25 | 25.8% | 11.8% | ||
| Q1 25 | 24.2% | 14.1% | ||
| Q4 24 | 23.8% | 16.2% | ||
| Q3 24 | 26.9% | 11.2% | ||
| Q2 24 | 25.8% | 13.1% |
| Q1 26 | — | $0.91 | ||
| Q4 25 | $3.74 | $0.76 | ||
| Q3 25 | $3.91 | $0.83 | ||
| Q2 25 | $3.98 | $0.72 | ||
| Q1 25 | $3.40 | $0.84 | ||
| Q4 24 | $3.43 | $0.98 | ||
| Q3 24 | $3.90 | $0.65 | ||
| Q2 24 | $3.52 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.4B | $420.9M |
| Total DebtLower is stronger | $10.0B | $7.4B |
| Stockholders' EquityBook value | $3.9B | $6.9B |
| Total Assets | $26.4B | $20.3B |
| Debt / EquityLower = less leverage | 2.58× | 1.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $420.9M | ||
| Q4 25 | $2.4B | $462.1M | ||
| Q3 25 | $2.0B | $388.3M | ||
| Q2 25 | $2.2B | $480.3M | ||
| Q1 25 | $1.6B | $515.0M | ||
| Q4 24 | $1.6B | $567.1M | ||
| Q3 24 | $1.3B | $694.7M | ||
| Q2 24 | $1.4B | $462.7M |
| Q1 26 | — | $7.4B | ||
| Q4 25 | $10.0B | — | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $6.9B | ||
| Q4 25 | $3.9B | $6.9B | ||
| Q3 25 | $4.1B | $6.9B | ||
| Q2 25 | $3.9B | $6.9B | ||
| Q1 25 | $3.5B | $6.8B | ||
| Q4 24 | $3.1B | $6.5B | ||
| Q3 24 | $3.1B | $6.8B | ||
| Q2 24 | $2.8B | $6.4B |
| Q1 26 | — | $20.3B | ||
| Q4 25 | $26.4B | $20.7B | ||
| Q3 25 | $19.7B | $19.5B | ||
| Q2 25 | $20.4B | $19.0B | ||
| Q1 25 | $18.5B | $20.4B | ||
| Q4 24 | $18.0B | $19.0B | ||
| Q3 24 | $17.6B | $18.4B | ||
| Q2 24 | $16.2B | $16.9B |
| Q1 26 | — | 1.08× | ||
| Q4 25 | 2.58× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.07× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 2.56× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $812.7M | $299.7M |
| Free Cash FlowOCF − Capex | $760.3M | — |
| FCF MarginFCF / Revenue | 60.9% | — |
| Capex IntensityCapex / Revenue | 4.2% | 0.0% |
| Cash ConversionOCF / Net Profit | 3.07× | 1.33× |
| TTM Free Cash FlowTrailing 4 quarters | $1.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $299.7M | ||
| Q4 25 | $812.7M | $643.5M | ||
| Q3 25 | $-378.9M | $456.2M | ||
| Q2 25 | $1.1B | $372.9M | ||
| Q1 25 | $-74.2M | $272.2M | ||
| Q4 24 | $648.7M | $486.6M | ||
| Q3 24 | $400.8M | $336.6M | ||
| Q2 24 | $540.9M | $384.9M |
| Q1 26 | — | — | ||
| Q4 25 | $760.3M | $633.0M | ||
| Q3 25 | $-429.8M | $421.5M | ||
| Q2 25 | $1.1B | $350.0M | ||
| Q1 25 | $-118.9M | $259.5M | ||
| Q4 24 | $604.6M | $466.9M | ||
| Q3 24 | $355.0M | $310.7M | ||
| Q2 24 | $496.8M | $374.9M |
| Q1 26 | — | — | ||
| Q4 25 | 60.9% | 38.3% | ||
| Q3 25 | -36.7% | 26.9% | ||
| Q2 25 | 98.7% | 22.8% | ||
| Q1 25 | -11.8% | 17.1% | ||
| Q4 24 | 58.4% | 30.5% | ||
| Q3 24 | 34.5% | 21.2% | ||
| Q2 24 | 50.9% | 25.8% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 4.2% | 0.6% | ||
| Q3 25 | 4.3% | 2.2% | ||
| Q2 25 | 4.8% | 1.5% | ||
| Q1 25 | 4.5% | 0.8% | ||
| Q4 24 | 4.3% | 1.3% | ||
| Q3 24 | 4.4% | 1.8% | ||
| Q2 24 | 4.5% | 0.7% |
| Q1 26 | — | 1.33× | ||
| Q4 25 | 3.07× | 3.33× | ||
| Q3 25 | -1.36× | 2.17× | ||
| Q2 25 | 4.01× | 2.06× | ||
| Q1 25 | -0.30× | 1.28× | ||
| Q4 24 | 2.64× | 1.96× | ||
| Q3 24 | 1.45× | 2.05× | ||
| Q2 24 | 2.15× | 2.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CPAY
| Vehicle Payments | $572.9M | 46% |
| Corporate Payments | $480.8M | 39% |
| Lodging Payments | $112.5M | 9% |
| Other Operating Segments | $82.1M | 7% |
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
