How do Corpay and Block, Inc. compare by revenue?

Corpay reported revenue of $1.2B in Q4 2025, while Block, Inc. reported $6.3B in Q4 2025. Block, Inc. is 5.0× larger by last-quarter revenue.

Which is growing revenue faster, Corpay or Block, Inc.?

Corpay's latest revenue grew 20.7% year-over-year, versus 3.6% for Block, Inc.. Corpay is growing faster on a YoY basis.

Which has a higher net margin, Corpay or Block, Inc.?

Corpay's net margin is 21.2% vs Block, Inc.'s 1.9%. Corpay has the higher bottom-line margin.

Which generates more free cash flow, Corpay or Block, Inc.?

Corpay generated $760.3M of free cash flow last quarter, versus $579.8M for Block, Inc.. Free cash flow is operating cash flow minus capital expenditure — what's actually left for dividends, buybacks and debt repayment.

What is the 2-year revenue CAGR for Corpay vs Block, Inc.?

Over the trailing 8 quarters, Corpay compounded revenue at roughly 15.5% per year, versus 2.4% for Block, Inc.. Corpay has the faster medium-term growth trajectory.

Where does this CPAY vs XYZ data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Corpay (CPAY) and Block, Inc. (XYZ), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Block, Inc. is the larger business by last-quarter revenue ($6.3B vs $1.2B, roughly 5.0× Corpay). Corpay runs the higher net margin — 21.2% vs 1.9%, a 19.3% gap on every dollar of revenue. On growth, Corpay posted the faster year-over-year revenue change (20.7% vs 3.6%). Corpay produced more free cash flow last quarter ($760.3M vs $579.8M). Over the past eight quarters, Corpay's revenue compounded faster (15.5% CAGR vs 2.4%).

CorpayCPAYEarnings & Financial Report

NYSE · Financials · Transaction & Payment Processing Services

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.

Block, Inc.XYZEarnings & Financial Report

NYSE · Financials · Transaction & Payment Processing Services

Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.

CPAY vs XYZ — Head-to-Head

Bigger by revenue

XYZ

5.0× larger

$6.3B

$1.2B

Growing faster (revenue YoY)

CPAY

+17.0% gap

20.7%

3.6%

Higher net margin

CPAY

19.3% more per $

21.2%

1.9%

More free cash flow

CPAY

$180.5M more FCF

$760.3M

$579.8M

Faster 2-yr revenue CAGR

CPAY

Annualised

15.5%

2.4%

Income Statement — Q4 2025 vs Q4 2025

Metric	CPAY	XYZ
Revenue	$1.2B	$6.3B
Net Profit	$264.5M	$115.8M
Gross Margin	—	45.9%
Operating Margin	45.2%	7.8%
Net Margin	21.2%	1.9%
Revenue YoY	20.7%	3.6%
Net Profit YoY	7.5%	-94.1%
EPS (diluted)	$3.74	$0.19

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue

CPAY

XYZ

Q4 25	$1.2B	$6.3B
Q3 25	$1.2B	$6.1B
Q2 25	$1.1B	$6.1B
Q1 25	$1.0B	$5.8B
Q4 24	$1.0B	$6.0B
Q3 24	$1.0B	$6.0B
Q2 24	$975.7M	$6.2B
Q1 24	$935.3M	$6.0B

Net Profit

CPAY

XYZ

Q4 25	$264.5M	$115.8M
Q3 25	$277.9M	$461.5M
Q2 25	$284.2M	$538.5M
Q1 25	$243.2M	$189.9M
Q4 24	$246.0M	$1.9B
Q3 24	$276.4M	$283.8M
Q2 24	$251.6M	$195.3M
Q1 24	$229.8M	$472.0M

Gross Margin

CPAY

XYZ

Q4 25	—	45.9%
Q3 25	—	43.5%
Q2 25	—	41.9%
Q1 25	—	39.7%
Q4 24	—	38.3%
Q3 24	—	37.6%
Q2 24	—	36.3%
Q1 24	—	35.2%

Operating Margin

CPAY

XYZ

Q4 25	45.2%	7.8%
Q3 25	44.6%	6.7%
Q2 25	43.5%	8.0%
Q1 25	42.5%	5.7%
Q4 24	47.2%	0.2%
Q3 24	45.5%	5.4%
Q2 24	44.4%	5.0%
Q1 24	42.5%	4.2%

Net Margin

CPAY

XYZ

Q4 25	21.2%	1.9%
Q3 25	23.7%	7.5%
Q2 25	25.8%	8.9%
Q1 25	24.2%	3.3%
Q4 24	23.8%	32.3%
Q3 24	26.9%	4.7%
Q2 24	25.8%	3.2%
Q1 24	24.6%	7.9%

EPS (diluted)

CPAY

XYZ

Q4 25	$3.74	$0.19
Q3 25	$3.91	$0.74
Q2 25	$3.98	$0.87
Q1 25	$3.40	$0.30
Q4 24	$3.43	$3.06
Q3 24	$3.90	$0.45
Q2 24	$3.52	$0.31
Q1 24	$3.12	$0.74

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric	CPAY	XYZ
Cash + ST InvestmentsLiquidity on hand	$2.4B	$6.6B
Total DebtLower is stronger	$10.0B	—
Stockholders' EquityBook value	$3.9B	$22.2B
Total Assets	$26.4B	$39.5B
Debt / EquityLower = less leverage	2.58×	—

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments

CPAY

XYZ

Q4 25	$2.4B	$6.6B
Q3 25	$2.0B	$8.3B
Q2 25	$2.2B	$6.4B
Q1 25	$1.6B	$7.1B
Q4 24	$1.6B	$8.1B
Q3 24	$1.3B	$8.3B
Q2 24	$1.4B	$7.8B
Q1 24	$1.3B	$5.8B

Total Debt

CPAY

XYZ

Q4 25	$10.0B	—
Q3 25	$8.1B	$7.3B
Q2 25	$8.1B	$5.1B
Q1 25	$8.2B	$5.1B
Q4 24	$8.0B	$6.1B
Q3 24	—	$6.1B
Q2 24	—	$6.1B
Q1 24	—	$4.1B

Stockholders' Equity

CPAY

XYZ

Q4 25	$3.9B	$22.2B
Q3 25	$4.1B	$22.5B
Q2 25	$3.9B	$22.2B
Q1 25	$3.5B	$21.5B
Q4 24	$3.1B	$21.3B
Q3 24	$3.1B	$19.9B
Q2 24	$2.8B	$19.3B
Q1 24	$3.3B	$19.0B

Total Assets

CPAY

XYZ

Q4 25	$26.4B	$39.5B
Q3 25	$19.7B	$39.2B
Q2 25	$20.4B	$36.9B
Q1 25	$18.5B	$36.4B
Q4 24	$18.0B	$36.8B
Q3 24	$17.6B	$36.4B
Q2 24	$16.2B	$37.5B
Q1 24	$15.8B	$35.6B

Debt / Equity

CPAY

XYZ

Q4 25	2.58×	—
Q3 25	1.99×	0.32×
Q2 25	2.07×	0.23×
Q1 25	2.37×	0.24×
Q4 24	2.56×	0.29×
Q3 24	—	0.31×
Q2 24	—	0.32×
Q1 24	—	0.22×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric	CPAY	XYZ
Operating Cash FlowLast quarter	$812.7M	$621.0M
Free Cash FlowOCF − Capex	$760.3M	$579.8M
FCF MarginFCF / Revenue	60.9%	9.3%
Capex IntensityCapex / Revenue; lower = less reinvestment burden	4.2%	0.7%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash	3.07×	5.36×
TTM Free Cash FlowTrailing 4 quarters	$1.3B	$2.4B

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow

CPAY

XYZ

Q4 25	$812.7M	$621.0M
Q3 25	$-378.9M	$1.5B
Q2 25	$1.1B	$374.3M
Q1 25	$-74.2M	$133.3M
Q4 24	$648.7M	$13.8M
Q3 24	$400.8M	$684.8M
Q2 24	$540.9M	$519.4M
Q1 24	$350.2M	$489.4M

Free Cash Flow

CPAY

XYZ

Q4 25	$760.3M	$579.8M
Q3 25	$-429.8M	$1.4B
Q2 25	$1.1B	$343.0M
Q1 25	$-118.9M	$101.5M
Q4 24	$604.6M	$-13.2M
Q3 24	$355.0M	$628.2M
Q2 24	$496.8M	$481.0M
Q1 24	$309.0M	$457.4M

FCF Margin

CPAY

XYZ

Q4 25	60.9%	9.3%
Q3 25	-36.7%	22.9%
Q2 25	98.7%	5.7%
Q1 25	-11.8%	1.8%
Q4 24	58.4%	-0.2%
Q3 24	34.5%	10.5%
Q2 24	50.9%	7.8%
Q1 24	33.0%	7.7%

Capex Intensity

CPAY

XYZ

Q4 25	4.2%	0.7%
Q3 25	4.3%	0.8%
Q2 25	4.8%	0.5%
Q1 25	4.5%	0.6%
Q4 24	4.3%	0.4%
Q3 24	4.4%	0.9%
Q2 24	4.5%	0.6%
Q1 24	4.4%	0.5%

Cash Conversion

CPAY

XYZ

Q4 25	3.07×	5.36×
Q3 25	-1.36×	3.14×
Q2 25	4.01×	0.70×
Q1 25	-0.30×	0.70×
Q4 24	2.64×	0.01×
Q3 24	1.45×	2.41×
Q2 24	2.15×	2.66×
Q1 24	1.52×	1.04×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.