financial statements

The full income statement, balance sheet, and cash-flow statement for Corpay Inc. (CPAY), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	4.53B YoY+13.9%	3.97B YoY+5.8%	3.76B YoY+9.6%	3.43B YoY+20.9%	2.83B YoY+18.6%
Selling, general & administrative	733M YoY+18.8%	617M YoY+2.2%	603M YoY+3.3%	584M YoY+20.2%	486M YoY+29.7%
General & administrative	733M YoY+18.8%	617M YoY+2.2%	603M YoY+3.3%	584M YoY+20.2%	486M YoY+29.7%
Amortization of intangibles	262M YoY+13.5%	231M YoY+2.4%	225M YoY-0.8%	227M YoY+10.6%	206M YoY+11.6%
Provision for credit losses	123M YoY+18.9%	103M YoY-17.6%	125M YoY-4.5%	131M YoY+245.7%	37.9M YoY-76.1%
Operating income	1.99B YoY+11.6%	1.79B YoY+7.9%	1.66B YoY+14.5%	1.45B YoY+16.4%	1.24B YoY+27.8%
Interest expense	404M YoY+5.4%	383M YoY+9.9%	349M YoY+111.7%	165M	—
Net interest income	—	—	-349M YoY-111.7%	-165M YoY-44.8%	-114M YoY+12.4%
Other non-operating income	-47.0M YoY-236.5%	-14.0M YoY-183.4%	16.7M YoY+657.4%	-3.00M YoY+22.2%	-3.86M YoY-138.4%
Equity-method income	-25.4M	0.00	0.00 YoY+100.0%	-1.38M YoY-15455.6%	9.00K YoY-100.0%
Pre-tax income	1.54B YoY+11.3%	1.39B YoY+4.5%	1.33B YoY+3.9%	1.28B YoY+15.0%	1.11B YoY+25.6%
Income tax	470M YoY+23.2%	381M YoY+11.2%	343M YoY+6.8%	321M YoY+19.3%	269M YoY+51.0%
	1.07B YoY+6.6%	1.00B YoY+2.2%	982M YoY+2.9%	954M YoY+13.7%	839M YoY+19.1%
Net income to non-controlling interest	2.12M YoY+15257.1%	-14.0K	0.00	0.00	—
Net income to common	1.07B YoY+6.4%	1.00B YoY+2.2%	982M	—	—
	$15.03 YoY+7.6%	$13.97 YoY+5.8%	$13.20 YoY+6.3%	$12.42 YoY+24.3%	$9.99 YoY+23.0%
EPS (basic)	$15.23 YoY+6.7%	$14.27 YoY+6.3%	$13.42 YoY+6.3%	$12.62 YoY+23.4%	$10.23 YoY+22.1%
Weighted-avg shares (basic)	70.1M YoY-0.3%	70.3M YoY-3.9%	73.2M YoY-3.2%	75.6M YoY-7.9%	82.1M YoY-2.3%
Weighted-avg shares (diluted)	71.1M YoY-1.1%	71.8M YoY-3.4%	74.4M YoY-3.2%	76.9M YoY-8.6%	84.1M YoY-3.1%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	14.0B YoY+60.9%	8.68B YoY+22.5%	7.08B YoY+16.0%	6.11B YoY+11.3%	5.49B YoY+38.7%
Cash & equivalents	2.41B YoY+55.0%	1.55B YoY+11.8%	1.39B YoY-3.2%	1.44B YoY-5.6%	1.52B YoY+62.6%
Accounts receivable	2.15B YoY+2.6%	2.09B YoY-3.3%	2.16B YoY+4.7%	2.06B YoY+15.1%	1.79B YoY+31.2%
Prepaid expenses	1.00B YoY+24.4%	806M YoY+70.0%	474M YoY+1.9%	465M YoY+42.7%	326M YoY-21.0%
	26.4B YoY+47.1%	18.0B YoY+16.0%	15.5B YoY+9.8%	14.1B YoY+5.1%	13.4B YoY+19.7%
Property, plant & equipment	472M YoY+25.0%	378M YoY+10.1%	343M YoY+16.4%	295M YoY+24.7%	236M YoY+16.7%
Operating lease right-of-use	99.6M YoY+27.7%	78.0M YoY-9.9%	86.6M YoY-8.0%	94.1M YoY+11.0%	84.8M YoY+10.4%
Goodwill	7.56B YoY+26.4%	5.98B YoY+6.0%	5.64B YoY+8.5%	5.20B YoY+2.4%	5.08B YoY+7.6%
Intangible assets	3.24B YoY+34.3%	2.41B YoY+15.6%	2.09B YoY-2.1%	2.13B YoY-8.8%	2.34B YoY+10.4%
Deferred tax assets	4.65M YoY+62.0%	2.87M YoY+105.2%	1.40M YoY+3.9%	1.35M YoY-30.3%	1.93M YoY-60.1%
Other non-current assets	568M YoY+26.7%	448M YoY+80.2%	249M YoY-11.7%	282M YoY+31.7%	214M YoY+10.7%
	14.3B YoY+64.2%	8.71B YoY+27.6%	6.83B YoY+12.9%	6.04B YoY+14.2%	5.29B YoY+33.3%
Accounts payable	1.56B YoY-0.4%	1.57B YoY-3.4%	1.62B YoY+3.6%	1.57B YoY+11.6%	1.41B YoY+33.4%
Accrued liabilities	607M YoY+36.3%	445M YoY+24.9%	356M YoY+1.2%	352M YoY-4.6%	369M YoY+30.6%
Deferred revenue	8.12B YoY+148.6%	3.27B YoY+36.2%	2.40B YoY+59.3%	1.51B YoY-15.9%	1.79B YoY+52.2%
Short-term & current debt	3.35B YoY+20.8%	2.77B YoY+30.2%	2.13B YoY-8.1%	2.31B YoY+52.5%	1.52B YoY+25.9%
Current lease liability	29.2M YoY+20.1%	24.3M YoY+3.7%	23.5M YoY+3.6%	22.7M YoY+11.7%	20.3M YoY+19.1%
Other current liabilities	661M YoY+0.8%	656M YoY+104.7%	321M YoY+5.6%	304M YoY+45.5%	209M YoY-16.6%
Long-term debt	10.0B YoY+25.1%	8.00B YoY+18.9%	6.72B YoY-4.5%	7.04B YoY+17.7%	5.98B YoY+1199.7%
Non-current lease liability	85.3M YoY+31.8%	64.7M YoY-14.6%	75.8M YoY-12.5%	86.7M YoY+8.5%	79.9M YoY+6.0%
Deferred tax liabilities	614M YoY+39.9%	439M YoY-6.6%	470M YoY-10.9%	527M YoY-6.9%	566M YoY+13.7%
Other non-current liabilities	612M YoY+39.8%	438M YoY+45.1%	302M YoY+18.8%	254M YoY+14.7%	221M YoY-19.5%
Total non-current liabilities	7.88B YoY+29.2%	6.10B YoY+13.7%	5.37B YoY-2.5%	5.50B YoY+4.9%	5.25B YoY+35.6%
	3.88B YoY+24.4%	3.12B YoY-4.9%	3.28B YoY+29.2%	2.54B YoY-11.3%	2.87B YoY-14.6%
Common stock	132K YoY+0.8%	131K YoY+1.6%	129K YoY+0.8%	128K YoY+0.8%	127K YoY+0.8%
Additional paid-in capital	3.97B YoY+4.2%	3.81B YoY+16.7%	3.27B YoY+7.1%	3.05B YoY+5.9%	2.88B YoY+4.7%
Retained earnings	10.3B YoY+11.6%	9.20B YoY+12.3%	8.19B YoY+13.6%	7.21B YoY+15.3%	6.26B YoY+15.5%
Treasury stock	8.96B YoY+9.6%	8.17B YoY+18.6%	6.89B YoY+10.9%	6.21B YoY+29.2%	4.80B YoY+39.3%
Accumulated other comprehensive income	-1.39B YoY+18.8%	-1.71B YoY-33.0%	-1.29B YoY+14.6%	-1.51B YoY-3.1%	-1.46B YoY-7.4%
Non-controlling interest	42.8M YoY+81.1%	23.6M	0.00	—	—
Total equity incl. non-controlling	3.93B YoY+24.8%	3.15B YoY-4.2%	3.28B YoY+29.2%	2.54B YoY-11.3%	2.87B
Total liabilities & equity	26.4B YoY+47.1%	18.0B YoY+16.0%	15.5B YoY+9.8%	14.1B YoY+5.1%	13.4B YoY+19.7%
Common shares issued	132M YoY+0.6%	131M YoY+2.1%	129M YoY+0.7%	128M YoY+0.5%	127M YoY+0.5%
Common shares outstanding	68.4M YoY-2.6%	70.2M YoY-2.2%	71.7M YoY-2.2%	73.4M YoY-7.0%	78.9M YoY-5.7%
Shares outstanding (cover)	70.0M YoY+0.4%	69.7M YoY-3.5%	72.2M YoY-2.1%	73.8M YoY-9.2%	81.2M YoY-2.6%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.50B YoY-22.7%	1.94B YoY-7.6%	2.10B YoY+178.4%	755M YoY-36.9%	1.20B YoY-18.7%
Depreciation & amortization	393M YoY+12.0%	351M YoY+4.3%	337M YoY+4.4%	322M YoY+13.4%	284M YoY+11.5%
Share-based compensation	103M YoY-12.1%	117M YoY+0.5%	116M YoY-4.4%	121M YoY+51.6%	80.1M YoY+84.6%
Deferred income taxes	-27.9M YoY+56.9%	-64.7M YoY-38.6%	-46.7M YoY-40.7%	-33.2M YoY-400.9%	11.0M YoY-29.6%
Change in receivables	499M YoY+182.1%	177M YoY-15.9%	210M YoY-64.9%	599M YoY-18.1%	731M YoY+376.8%
	1.23B YoY+252.0%	-807M YoY-112.1%	-381M YoY-3.4%	-368M YoY+48.6%	-716M YoY-573.8%
Capital expenditure	201M YoY+14.6%	175M YoY+13.9%	154M YoY+1.6%	151M YoY+35.8%	112M YoY+42.2%
Acquisitions	-1.93B YoY-335.3%	822M YoY+91.9%	428M YoY+97.5%	217M YoY-64.0%	602M YoY+645.3%
Other investing activities	-14.6M YoY-253.9%	-4.12M YoY+6.5%	-4.40M	0.00 YoY-100.0%	2.28M
	1.56B YoY+285.6%	405M YoY+145.1%	-898M YoY-188.6%	-311M YoY-190.5%	344M YoY+124.3%
Common stock issued	67.8M YoY-84.2%	428M YoY+276.5%	114M YoY+130.2%	49.4M YoY+1.3%	48.8M YoY-64.3%
Common stock repurchased	783M YoY-39.2%	1.29B YoY+87.5%	687M YoY-51.1%	1.41B YoY+3.6%	1.36B YoY+59.5%
Other financing activities	-928K YoY-146.0%	2.02M YoY+188.3%	-2.29M YoY-743.5%	-271K YoY+66.6%	-811K YoY-135.8%
FX effect on cash	247M YoY+210.4%	-223M YoY-840.3%	30.2M YoY+182.1%	-36.7M YoY+27.9%	-51.0M YoY+65.6%
Net change in cash	4.54B YoY+245.0%	1.31B YoY+54.3%	852M YoY+2114.8%	38.5M YoY-95.0%	774M YoY+489.7%
Interest paid	491M YoY-1.0%	496M YoY+10.6%	448M YoY+95.3%	230M YoY+73.3%	133M YoY+4.8%
Income taxes paid	511M YoY+36.5%	374M YoY-8.4%	408M YoY+14.0%	358M YoY+55.9%	230M YoY+39.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	21.1B YoY-10.8%	23.6B	—	—	—
P/E	19.7× YoY-16.3%	23.5×	—	—	—
P/S	4.6× YoY-21.7%	5.9×	—	—	—
P/B	5.4× YoY-28.3%	7.6×	—	—	—
P/FCF	16.2× YoY+21.3%	13.4×	—	—	—
Earnings yield	5.1% YoY+19.4%	4.3%	—	—	—
FCF yield	6.2% YoY-17.5%	7.5%	—	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: CPAY's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CPAY filings on SEC EDGAR → Not investment advice.

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About this data

financial statements