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Corpay (CPAY) Financials

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$333.24 +8.93 (+2.75%)
Closing price 05/27/2025 03:59 PM Eastern
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$331.43 -1.81 (-0.54%)
As of 04:09 AM Eastern
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Annual Income Statements for Corpay

Annual Income Statements for Corpay

This table shows Corpay's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
1,004 982 954 839 704 895 811 740 452 362
Consolidated Net Income / (Loss)
1,004 982 954 839 704 895 811 740 452 362
Net Income / (Loss) Continuing Operations
1,004 982 954 839 704 895 811 740 452 362
Total Pre-Tax Income
1,385 1,325 1,276 1,109 883 1,078 1,095 894 643 536
Total Operating Income
1,787 1,657 1,447 1,243 972 1,231 1,091 884 754 668
Total Gross Profit
3,106 2,938 2,662 2,274 1,792 2,118 1,946 1,707 1,372 1,372
Total Revenue
3,975 3,758 3,427 2,834 2,389 2,649 2,433 2,250 1,832 1,703
Operating Revenue
3,975 3,758 3,427 2,834 2,389 2,649 2,433 2,250 1,832 1,703
Total Cost of Revenue
869 820 765 560 596 531 488 543 460 331
Operating Cost of Revenue
869 820 765 560 596 531 488 543 460 331
Total Operating Expenses
1,318 1,281 1,216 1,031 820 887 855 823 618 704
Selling, General & Admin Expense
998 944 893 748 567 612 572 558 415 515
Depreciation Expense
351 337 322 284 255 274 275 265 203 193
Other Operating Expenses / (Income)
0.79 0.75 0.28 -0.78 -1.99 0.52 8.73 0.06 -0.69 -4.24
Impairment Charge
90 0.00 0.00 - - - - - - -
Other Special Charges / (Income)
-121 0.00 0.00 - - - - - - -
Total Other Income / (Expense), net
-402 -332 -171 -134 -90 -154 4.43 9.83 -111 -132
Interest Expense
388 349 167 130 130 150 141 110 72 71
Interest & Investment Income
-0.24 0.12 -1.38 0.01 30 -3.47 -7.15 -53 -36 -58
Other Income / (Expense), net
-14 17 -3.00 -3.86 10 -0.09 152 173 -2.98 -2.52
Income Tax Expense
381 343 321 269 178 183 284 153 191 174
Net Income / (Loss) Attributable to Noncontrolling Interest
-0.01 0.00 0.00 - - - - - - -
Basic Earnings per Share
$14.27 $13.42 $12.62 $10.23 $8.38 $10.36 $9.14 $8.12 $4.89 $3.94
Weighted Average Basic Shares Outstanding
70.33M 73.16M 75.60M 82.06M 84.01M 86.40M 88.75M 91.13M 92.60M 92.02M
Diluted Earnings per Share
$13.97 $13.20 $12.42 $9.99 $8.12 $9.94 $8.81 $7.91 $4.75 $3.85
Weighted Average Diluted Shares Outstanding
71.85M 74.39M 76.86M 84.06M 86.72M 90.07M 92.15M 93.59M 95.21M 94.14M
Weighted Average Basic & Diluted Shares Outstanding
70.25M 71.85M 73.49M 155.77M 166.83M 85.43M 89.40M 91.20M 92.50M 92M

Quarterly Income Statements for Corpay

This table shows Corpay's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
246 276 252 230 256 271 240 215 225 249
Consolidated Net Income / (Loss)
246 276 252 230 256 271 240 215 225 249
Net Income / (Loss) Continuing Operations
246 276 252 230 256 271 240 215 225 249
Total Pre-Tax Income
387 358 334 305 333 370 327 295 297 340
Total Operating Income
488 468 433 397 424 445 413 375 369 389
Total Gross Profit
806 806 767 728 736 763 743 696 682 690
Total Revenue
1,034 1,029 976 935 937 971 948 901 884 893
Operating Revenue
1,034 1,029 976 935 937 971 948 901 884 893
Total Cost of Revenue
229 224 209 207 201 208 205 205 202 203
Operating Cost of Revenue
229 224 209 207 201 208 205 205 202 203
Total Operating Expenses
317 337 333 331 312 318 330 321 313 301
Selling, General & Admin Expense
256 248 249 245 228 234 246 236 223 223
Depreciation Expense
92 90 84 85 84 85 84 84 90 77
Other Operating Expenses / (Income)
0.48 0.01 0.01 0.29 0.12 -0.85 0.82 0.66 0.20 0.00
Total Other Income / (Expense), net
-101 -110 -99 -92 -91 -75 -86 -80 -72 -49
Interest Expense
95 109 95 89 92 88 88 80 76 45
Interest & Investment Income
0.03 -0.47 0.04 0.17 -0.03 -0.03 -0.02 0.19 -0.86 -0.17
Other Income / (Expense), net
-6.20 0.10 -4.50 -3.13 1.51 13 2.42 -0.75 5.12 -3.69
Income Tax Expense
141 82 83 75 78 99 87 80 72 91
Net Income / (Loss) Attributable to Noncontrolling Interest
0.05 -0.14 0.04 0.03 - 0.00 0.00 0.00 - -
Basic Earnings per Share
$3.50 $3.98 $3.59 $3.20 $3.55 $3.71 $3.24 $2.92 $3.06 $3.34
Weighted Average Basic Shares Outstanding
70.33M 69.52M 70.11M 71.77M 73.16M 73.17M 73.89M 73.52M 75.60M 74.46M
Diluted Earnings per Share
$3.43 $3.90 $3.52 $3.12 $3.48 $3.64 $3.20 $2.88 $3.03 $3.29
Weighted Average Diluted Shares Outstanding
71.85M 70.90M 71.50M 73.55M 74.39M 74.60M 75.00M 74.48M 76.86M 75.56M
Weighted Average Basic & Diluted Shares Outstanding
70.25M 69.71M 69.43M 70.27M 71.85M 72.20M 73.96M 73.83M 73.49M 73.75M

Annual Cash Flow Statements for Corpay

This table details how cash moves in and out of Corpay's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
1,315 852 38 774 -199 310 234 487 29 -30
Net Cash From Operating Activities
1,941 2,101 755 1,197 1,473 1,162 903 680 708 755
Net Cash From Continuing Operating Activities
1,941 2,101 755 1,197 1,473 1,162 903 680 708 755
Net Income / (Loss) Continuing Operations
1,004 982 954 839 704 895 811 740 452 362
Consolidated Net Income / (Loss)
1,004 982 954 839 704 895 811 740 452 362
Depreciation Expense
120 110 92 76 65 63 53 47 36 30
Amortization Expense
239 234 238 215 196 217 227 225 174 170
Non-Cash Adjustments To Reconcile Net Income
195 228 256 133 170 139 -0.58 20 135 142
Changes in Operating Assets and Liabilities, net
383 547 -786 -67 337 -152 -187 -351 -91 50
Net Cash From Investing Activities
-807 -381 -368 -716 -106 -524 -26 -498 -1,390 -99
Net Cash From Continuing Investing Activities
-807 -381 -368 -716 -106 -524 -26 -498 -1,390 -99
Purchase of Property, Plant & Equipment
-175 -154 -151 -112 -78 -75 -81 -70 -59 -42
Acquisitions
-822 -428 -217 -602 -81 -448 -21 -705 -1,332 -49
Sale and/or Maturity of Investments
186 197 - 0.00 53 0.00 0.00 - - -
Other Investing Activities, net
4.12 4.40 0.00 -2.28 0.00 -0.26 -23 -39 1.41 -8.47
Net Cash From Financing Activities
405 -898 -311 344 -1,417 -310 -578 252 754 -648
Net Cash From Continuing Financing Activities
405 -898 -311 344 -1,417 -310 -578 252 754 -648
Repayment of Debt
-271 -77 -2,665 -129 -450 -141 -508 -1,491 -905 -652
Repurchase of Common Equity
-1,288 -687 -1,405 -1,356 -850 -695 -959 -402 -188 0.00
Issuance of Debt
10,814 8,871 10,236 3,759 1,244 2,649 1,932 2,101 1,825 0.00
Issuance of Common Equity
428 114 49 49 137 169 56 45 21 20
Other Financing Activities, net
-9,278 -9,119 -6,526 -1,979 -1,497 -2,292 -1,099 - - -16
Effect of Exchange Rate Changes
-223 30 -37 -51 -148 -18 -65 53 -43 -37
Cash Interest Paid
496 448 230 133 126 178 157 113 70 73
Cash Income Taxes Paid
374 408 358 230 165 201 208 392 102 83

Quarterly Cash Flow Statements for Corpay

This table details how cash moves in and out of Corpay's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
301 608 345 61 345 -187 164 530 -12 -56
Net Cash From Operating Activities
649 401 541 350 717 286 221 878 316 397
Net Cash From Continuing Operating Activities
649 401 541 350 717 286 221 878 316 397
Net Income / (Loss) Continuing Operations
246 276 252 230 256 271 240 215 225 249
Consolidated Net Income / (Loss)
246 276 252 230 256 271 240 215 225 249
Depreciation Expense
31 30 30 29 28 28 28 26 25 23
Amortization Expense
63 61 57 58 58 58 58 60 67 56
Non-Cash Adjustments To Reconcile Net Income
27 62 55 50 48 44 71 66 63 72
Changes in Operating Assets and Liabilities, net
281 -29 148 -17 327 -116 -175 511 -63 -2.79
Net Cash From Investing Activities
-429 -232 -44 -102 -35 -144 -42 -159 -101 -167
Net Cash From Continuing Investing Activities
-429 -232 -44 -102 -35 -144 -42 -159 -101 -167
Purchase of Property, Plant & Equipment
-44 -46 -44 -41 -37 -38 -42 -37 -44 -41
Acquisitions
-576 -186 -3.55 -56 1.59 -303 -0.00 -127 -57 -126
Other Investing Activities, net
5.57 - 3.37 -4.83 - - - 4.40 - -
Net Cash From Financing Activities
229 415 -81 -159 -397 -260 -24 -218 -271 -163
Net Cash From Continuing Financing Activities
229 415 -81 -159 -397 -260 -24 -218 -271 -163
Repayment of Debt
-46 -275 39 10 -115 -170 -75 284 3,439 -2,453
Repurchase of Common Equity
-249 -92 -658 -289 -140 -535 -2.38 -9.60 -110 -500
Issuance of Debt
2,815 3,630 2,474 1,895 2,195 2,364 2,348 1,964 2,898 2,788
Issuance of Common Equity
244 84 9.40 91 13 35 33 33 27 3.27
Other Financing Activities, net
-2,535 -2,932 -1,945 -1,866 -2,349 -1,953 -2,327 -2,490 - -
Effect of Exchange Rate Changes
-147 23 -71 -28 61 -69 9.10 29 44 -122
Cash Interest Paid
126 132 122 116 121 111 111 105 91 65
Cash Income Taxes Paid
109 79 146 39 89 81 203 35 49 94

Annual Balance Sheets for Corpay

This table presents Corpay's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
17,957 15,476 14,089 13,405 11,195 12,249 11,202 11,318 9,627 7,890
Total Current Assets
8,676 7,084 6,106 5,488 3,956 4,619 3,876 3,550 2,528 1,945
Cash & Equivalents
1,554 1,390 1,435 1,520 935 1,271 1,031 914 475 447
Restricted Cash
2,903 1,752 854 731 542 404 334 217 169 167
Accounts Receivable
3,414 3,469 3,352 2,911 2,067 2,540 2,312 2,231 1,793 1,253
Prepaid Expenses
806 474 465 326 413 403 199 188 91 68
Plant, Property, & Equipment, net
378 343 295 236 203 200 186 180 143 81
Total Noncurrent Assets
8,903 8,049 7,688 7,680 7,036 7,430 7,140 7,589 6,957 5,864
Long-Term Investments
60 70 74 52 7.48 30 43 33 36 77
Goodwill
5,985 5,645 5,201 5,079 4,719 4,833 4,542 4,716 4,195 3,546
Intangible Assets
2,410 2,086 2,131 2,335 2,116 2,342 2,408 2,725 2,653 2,184
Other Noncurrent Operating Assets
448 249 282 214 193 225 148 115 72 58
Total Liabilities & Shareholders' Equity
17,957 15,476 14,089 13,405 11,195 12,249 11,202 11,318 9,627 7,890
Total Liabilities
14,811 12,194 11,548 10,538 7,839 8,537 7,862 7,642 6,543 5,060
Total Current Liabilities
8,708 6,826 6,043 5,290 3,968 4,463 4,495 4,096 3,296 2,247
Short-Term Debt
2,770 2,127 2,314 1,518 1,206 1,747 2,071 1,617 1,337 875
Accounts Payable
1,570 1,625 1,569 1,406 1,054 1,250 1,118 1,437 1,151 670
Accrued Expenses
445 356 352 369 283 276 262 238 239 151
Customer Deposits
3,266 2,397 1,505 1,789 1,175 1,008 927 732 531 507
Other Current Liabilities
656 321 304 209 250 184 119 71 39 45
Total Noncurrent Liabilities
6,103 5,368 5,504 5,248 3,871 4,074 3,367 3,546 3,246 2,812
Long-Term Debt
5,226 4,596 4,723 4,460 3,098 3,290 2,748 2,902 2,522 2,060
Noncurrent Deferred & Payable Income Tax Liabilities
439 470 527 566 498 520 492 519 669 713
Other Noncurrent Operating Liabilities
438 302 254 221 275 264 127 125 56 39
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
3,146 3,282 2,541 2,867 3,355 3,712 3,340 3,677 3,084 2,830
Total Preferred & Common Equity
3,122 3,282 2,541 2,867 3,355 3,712 3,340 3,677 3,084 2,830
Total Common Equity
3,122 3,282 2,541 2,867 3,355 3,712 3,340 3,677 3,084 2,830
Common Stock
3,811 3,266 3,050 2,879 2,750 2,495 2,307 2,214 2,074 1,989
Retained Earnings
9,196 8,193 7,211 6,256 5,417 4,713 3,818 2,959 2,219 1,766
Treasury Stock
-8,171 -6,888 -6,209 -4,804 -3,448 -2,523 -1,871 -945 -542 -355
Accumulated Other Comprehensive Income / (Loss)
-1,714 -1,289 -1,510 -1,465 -1,363 -972 -914 -552 -666 -571
Noncontrolling Interest
24 0.00 - - - - - - - -

Quarterly Balance Sheets for Corpay

This table presents Corpay's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets
17,957 17,638 16,197 15,830 15,476 15,264 15,179 14,588 14,089 14,486
Total Current Assets
8,676 8,781 7,976 7,437 7,084 6,860 6,924 6,359 6,106 6,586
Cash & Equivalents
1,554 1,303 1,358 1,312 1,390 1,094 1,254 1,272 1,435 1,318
Restricted Cash
2,903 2,852 2,190 1,891 1,752 1,221 1,457 997 854 983
Accounts Receivable
3,414 3,953 3,821 3,797 3,469 4,051 3,709 3,653 3,352 3,667
Prepaid Expenses
806 606 529 438 474 493 504 436 465 619
Plant, Property, & Equipment, net
378 378 358 352 343 330 329 310 295 273
Total Noncurrent Assets
8,903 8,479 7,863 8,041 8,049 8,074 7,926 7,919 7,688 7,627
Long-Term Investments
60 65 64 68 70 68 70 68 74 74
Goodwill
5,985 5,928 5,546 5,674 5,645 5,554 5,474 5,380 5,201 5,069
Intangible Assets
2,410 2,153 1,957 2,033 2,086 2,165 2,107 2,198 2,131 2,169
Other Noncurrent Operating Assets
448 334 296 266 249 288 276 273 282 315
Total Liabilities & Shareholders' Equity
17,957 17,638 16,197 15,830 15,476 15,264 15,179 14,588 14,089 14,486
Total Liabilities
14,811 14,524 13,421 12,548 12,194 12,205 11,915 11,706 11,548 12,259
Total Current Liabilities
8,708 8,350 7,843 6,951 6,826 6,738 6,436 6,204 6,043 6,638
Short-Term Debt
2,770 2,491 2,516 1,901 2,127 2,346 2,071 2,097 2,314 2,476
Accounts Payable
1,570 1,826 1,903 1,850 1,625 1,895 1,680 1,908 1,569 1,694
Accrued Expenses
445 435 368 409 356 393 393 405 352 390
Customer Deposits
3,266 3,205 2,764 2,534 2,397 1,783 2,013 1,481 1,505 1,600
Other Current Liabilities
656 386 283 257 321 320 279 313 304 478
Total Noncurrent Liabilities
6,103 6,175 5,578 5,597 5,368 5,467 5,479 5,503 5,504 5,621
Long-Term Debt
5,226 5,272 4,818 4,863 4,596 4,637 4,678 4,701 4,723 4,745
Noncurrent Deferred & Payable Income Tax Liabilities
439 462 445 473 470 549 539 545 527 571
Other Noncurrent Operating Liabilities
438 441 316 261 302 281 262 257 254 304
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
3,146 3,114 2,776 3,282 3,282 3,059 3,263 2,882 2,541 2,227
Total Preferred & Common Equity
3,122 3,087 2,751 3,254 3,282 3,059 3,263 2,882 2,541 2,227
Total Common Equity
3,122 3,087 2,751 3,254 3,282 3,059 3,263 2,882 2,541 2,227
Common Stock
3,811 3,532 3,419 3,382 3,266 3,228 3,177 3,109 3,050 3,002
Retained Earnings
9,196 8,950 8,674 8,422 8,193 7,937 7,665 7,426 7,211 6,985
Treasury Stock
-8,171 -7,933 -7,843 -7,209 -6,888 -6,743 -6,221 -6,219 -6,209 -6,100
Accumulated Other Comprehensive Income / (Loss)
-1,714 -1,462 -1,499 -1,341 -1,289 -1,362 -1,357 -1,434 -1,510 -1,660
Noncontrolling Interest
24 27 25 28 0.00 - - - - -

Annual Metrics And Ratios for Corpay

This table displays calculated financial ratios and metrics derived from Corpay's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
5.77% 9.65% 20.94% 18.62% -9.82% 8.85% 8.18% 22.82% 7.56% 41.98%
EBITDA Growth
5.71% 13.74% 15.95% 23.01% -17.68% -0.80% 14.61% 38.12% 11.15% 27.38%
EBIT Growth
5.97% 15.92% 16.54% 26.10% -20.22% -0.93% 17.56% 40.74% 12.96% 17.46%
NOPAT Growth
5.48% 13.45% 15.04% 21.26% -24.14% 26.53% 10.40% 37.95% 17.57% 11.05%
Net Income Growth
2.22% 2.89% 13.68% 19.21% -21.32% 10.30% 9.63% 63.62% 24.82% -1.70%
EPS Growth
5.83% 6.28% 24.32% 23.03% -18.31% 12.83% 11.38% 66.53% 23.38% -9.20%
Operating Cash Flow Growth
-7.64% 178.37% -36.95% -18.71% 26.72% 28.64% 32.84% -3.98% -6.14% 24.04%
Free Cash Flow Firm Growth
-11.22% 303.21% -28.75% -65.10% 124.72% -32.76% 3,036.39% 94.37% -178.72% 130.86%
Invested Capital Growth
-2.48% -5.83% 10.29% 5.94% -12.33% 4.31% -3.98% 12.28% 23.42% -7.04%
Revenue Q/Q Growth
2.50% 1.45% 2.43% 6.98% -3.30% 2.16% 1.37% 4.41% 4.83% 3.27%
EBITDA Q/Q Growth
3.16% 2.30% 2.84% 3.90% -2.47% -7.06% 15.01% 2.29% 9.28% -2.61%
EBIT Q/Q Growth
3.30% 3.15% 2.43% 3.91% -2.75% -8.61% 18.90% 2.50% 9.97% -4.89%
NOPAT Q/Q Growth
-1.27% 3.83% 2.48% 2.04% -2.35% 4.66% -11.59% 29.16% 8.84% -8.36%
Net Income Q/Q Growth
-0.97% 3.21% 0.03% 1.84% -3.52% -6.91% 2.44% 33.87% 10.39% -13.53%
EPS Q/Q Growth
-0.36% 3.53% 2.39% 3.20% -2.29% -6.49% 3.28% 34.52% 10.21% -14.63%
Operating Cash Flow Q/Q Growth
-3.38% 23.54% -27.15% 39.61% -7.13% 2.01% 12.38% -7.54% 15.03% -4.11%
Free Cash Flow Firm Q/Q Growth
-38.29% 176.36% -50.66% 346.84% 1.27% -19.59% 7.12% -145.27% -15.66% 133.95%
Invested Capital Q/Q Growth
0.40% -11.29% 2.01% -4.44% 2.03% 2.35% -0.91% 1.68% -2.61% -5.58%
Profitability Metrics
- - - - - - - - - -
Gross Margin
78.13% 78.18% 77.69% 80.24% 75.04% 79.97% 79.96% 75.87% 74.90% 80.56%
EBITDA Margin
53.65% 53.69% 51.75% 53.98% 52.06% 57.03% 62.58% 59.07% 52.52% 50.83%
Operating Margin
44.96% 44.09% 42.21% 43.85% 40.70% 46.49% 44.82% 39.29% 41.18% 39.20%
EBIT Margin
44.62% 44.53% 42.12% 43.71% 41.12% 46.49% 51.07% 47.00% 41.01% 39.05%
Profit (Net Income) Margin
25.25% 26.13% 27.85% 29.63% 29.48% 33.79% 33.35% 32.90% 24.70% 21.28%
Tax Burden Percent
72.47% 74.10% 74.81% 75.71% 79.80% 83.04% 74.10% 82.83% 70.36% 67.62%
Interest Burden Percent
78.10% 79.18% 88.36% 89.51% 89.84% 87.53% 88.11% 84.52% 85.59% 80.60%
Effective Tax Rate
27.53% 25.90% 25.19% 24.29% 20.20% 16.96% 25.90% 17.17% 29.64% 32.38%
Return on Invested Capital (ROIC)
19.30% 17.53% 15.73% 14.80% 11.74% 14.83% 11.73% 11.01% 9.36% 8.57%
ROIC Less NNEP Spread (ROIC-NNEP)
10.97% 11.52% 12.67% 11.68% 9.41% 11.04% 11.82% 11.26% 6.48% 5.07%
Return on Net Nonoperating Assets (RNNOA)
11.93% 16.19% 19.56% 12.19% 8.19% 10.56% 11.40% 10.88% 5.94% 4.73%
Return on Equity (ROE)
31.23% 33.72% 35.29% 26.98% 19.93% 25.39% 23.13% 21.90% 15.30% 13.30%
Cash Return on Invested Capital (CROIC)
21.81% 23.54% 5.94% 9.03% 24.88% 10.61% 15.79% -0.56% -11.61% 15.87%
Operating Return on Assets (OROA)
10.61% 11.32% 10.50% 10.07% 8.38% 10.50% 11.04% 10.09% 8.58% 8.10%
Return on Assets (ROA)
6.00% 6.64% 6.94% 6.83% 6.01% 7.63% 7.21% 7.07% 5.17% 4.42%
Return on Common Equity (ROCE)
31.11% 33.72% 35.29% 26.98% 19.93% 25.39% 23.13% 21.90% 15.30% 13.30%
Return on Equity Simple (ROE_SIMPLE)
32.15% 29.91% 37.55% 29.29% 20.99% 24.12% 24.29% 20.13% 14.67% 12.81%
Net Operating Profit after Tax (NOPAT)
1,295 1,228 1,082 941 776 1,023 808 732 531 451
NOPAT Margin
32.58% 32.67% 31.58% 33.20% 32.48% 38.61% 33.21% 32.54% 28.97% 26.51%
Net Nonoperating Expense Percent (NNEP)
8.33% 6.01% 3.06% 3.12% 2.33% 3.78% -0.10% -0.25% 2.89% 3.50%
Return On Investment Capital (ROIC_SIMPLE)
11.62% 12.27% 11.30% - - - - - - -
Cost of Revenue to Revenue
21.87% 21.82% 22.31% 19.76% 24.96% 20.03% 20.04% 24.13% 25.10% 19.44%
SG&A Expenses to Revenue
25.10% 25.11% 26.06% 26.39% 23.75% 23.11% 23.50% 24.82% 22.66% 30.25%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
33.17% 34.09% 35.48% 36.40% 34.34% 33.48% 35.14% 36.59% 33.72% 41.36%
Earnings before Interest and Taxes (EBIT)
1,773 1,673 1,444 1,239 982 1,231 1,243 1,057 751 665
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
2,133 2,017 1,774 1,530 1,244 1,511 1,523 1,329 962 866
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
7.56 6.22 5.33 6.34 6.78 6.73 6.83 4.69 4.26 4.65
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
5.94 5.43 3.95 6.41 9.53 9.43 9.38 7.66 7.17 7.74
Price to Earnings (P/E)
23.50 20.78 14.20 21.65 32.31 27.90 28.12 23.28 29.03 36.35
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
4.25% 4.81% 7.04% 4.62% 3.09% 3.58% 3.56% 4.30% 3.44% 2.75%
Enterprise Value to Invested Capital (EV/IC)
4.09 3.52 2.53 3.34 4.14 4.02 3.88 2.93 2.60 3.04
Enterprise Value to Revenue (EV/Rev)
6.82 6.36 5.32 7.71 10.71 10.68 10.78 9.15 8.91 9.05
Enterprise Value to EBITDA (EV/EBITDA)
12.71 11.86 10.27 14.28 20.56 18.73 17.22 15.50 16.95 17.81
Enterprise Value to EBIT (EV/EBIT)
15.28 14.29 12.62 17.64 26.03 22.98 21.10 19.48 21.71 23.18
Enterprise Value to NOPAT (EV/NOPAT)
20.92 19.48 16.84 23.23 32.96 27.67 32.45 28.12 30.74 34.15
Enterprise Value to Operating Cash Flow (EV/OCF)
13.96 11.38 24.14 18.25 17.37 24.35 29.03 30.28 23.03 20.43
Enterprise Value to Free Cash Flow (EV/FCFF)
18.51 14.51 44.56 38.08 15.56 38.68 24.11 0.00 0.00 18.45
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
2.54 2.05 2.77 2.09 1.28 1.36 1.44 1.23 1.25 1.04
Long-Term Debt to Equity
1.66 1.40 1.86 1.56 0.92 0.89 0.82 0.79 0.82 0.73
Financial Leverage
1.09 1.41 1.54 1.04 0.87 0.96 0.96 0.97 0.92 0.93
Leverage Ratio
5.20 5.08 5.08 3.95 3.32 3.33 3.21 3.10 2.96 3.01
Compound Leverage Factor
4.06 4.02 4.49 3.54 2.98 2.91 2.83 2.62 2.54 2.43
Debt to Total Capital
71.76% 67.19% 73.47% 67.59% 56.19% 57.57% 59.06% 55.14% 55.58% 50.91%
Short-Term Debt to Total Capital
24.86% 21.26% 24.16% 17.16% 15.74% 19.97% 25.38% 19.73% 19.25% 15.18%
Long-Term Debt to Total Capital
46.90% 45.94% 49.31% 50.43% 40.45% 37.61% 33.68% 35.41% 36.32% 35.73%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
28.02% 32.81% 26.53% 32.41% 43.81% 42.43% 40.94% 44.86% 44.42% 49.09%
Debt to EBITDA
3.75 3.33 3.97 3.91 3.46 3.33 3.16 3.40 4.01 3.39
Net Debt to EBITDA
1.63 1.74 2.63 2.40 2.27 2.21 2.24 2.52 3.30 2.59
Long-Term Debt to EBITDA
2.45 2.28 2.66 2.92 2.49 2.18 1.80 2.18 2.62 2.38
Debt to NOPAT
6.17 5.48 6.50 6.35 5.55 4.93 5.96 6.17 7.27 6.50
Net Debt to NOPAT
2.69 2.86 4.32 3.91 3.63 3.26 4.22 4.58 5.99 4.97
Long-Term Debt to NOPAT
4.04 3.74 4.36 4.74 3.99 3.22 3.40 3.96 4.75 4.56
Altman Z-Score
2.22 2.36 2.01 2.22 2.92 2.86 2.74 2.17 1.88 2.32
Noncontrolling Interest Sharing Ratio
0.37% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.00 1.04 1.01 1.04 1.00 1.03 0.86 0.87 0.77 0.87
Quick Ratio
0.57 0.71 0.79 0.84 0.76 0.85 0.74 0.77 0.69 0.76
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
1,464 1,649 409 574 1,644 732 1,088 -37 -658 836
Operating Cash Flow to CapEx
1,107.78% 1,365.95% 498.45% 1,073.31% 1,877.70% 1,545.92% 1,109.98% 970.22% 1,200.15% 1,801.99%
Free Cash Flow to Firm to Interest Expense
3.77 4.73 2.45 4.42 12.67 4.88 7.74 -0.34 -9.15 11.71
Operating Cash Flow to Interest Expense
5.00 6.03 4.53 9.22 11.34 7.74 6.43 6.16 9.85 10.58
Operating Cash Flow Less CapEx to Interest Expense
4.55 5.59 3.62 8.36 10.74 7.24 5.85 5.52 9.03 9.99
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.24 0.25 0.25 0.23 0.20 0.23 0.22 0.21 0.21 0.21
Accounts Receivable Turnover
1.16 1.10 1.09 1.14 1.04 1.09 1.07 1.12 1.20 1.31
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
11.03 11.78 12.91 12.92 11.88 13.72 13.29 13.95 16.41 22.07
Accounts Payable Turnover
0.54 0.51 0.51 0.46 0.52 0.45 0.38 0.42 0.51 0.48
Days Sales Outstanding (DSO)
316.00 331.24 333.52 320.60 351.94 334.28 340.69 326.46 303.51 278.84
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
671.01 710.93 710.06 802.23 705.09 814.11 956.09 870.47 722.82 764.13
Cash Conversion Cycle (CCC)
-355.01 -379.68 -376.55 -481.63 -353.16 -479.83 -615.40 -544.01 -419.32 -485.29
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
6,626 6,794 7,215 6,542 6,175 7,043 6,752 7,031 6,262 5,074
Invested Capital Turnover
0.59 0.54 0.50 0.45 0.36 0.38 0.35 0.34 0.32 0.32
Increase / (Decrease) in Invested Capital
-169 -421 673 367 -868 291 -280 769 1,188 -384
Enterprise Value (EV)
27,095 23,917 18,220 21,850 25,574 28,300 26,227 20,589 16,310 15,416
Market Capitalization
23,592 20,406 13,547 18,175 22,754 24,969 22,816 17,234 13,132 13,173
Book Value per Share
$44.79 $45.46 $34.46 $35.30 $40.23 $42.77 $27.19 $41.05 $33.24 $30.71
Tangible Book Value per Share
($75.64) ($61.61) ($64.96) ($56.01) ($41.72) ($39.91) ($29.38) ($42.03) ($40.57) ($31.46)
Total Capital
11,142 10,005 9,578 8,844 7,659 8,748 8,159 8,195 6,942 5,765
Total Debt
7,996 6,723 7,037 5,978 4,303 5,037 4,819 4,519 3,858 2,935
Total Long-Term Debt
5,226 4,596 4,723 4,460 3,098 3,290 2,748 2,902 2,522 2,060
Net Debt
3,480 3,512 4,673 3,675 2,819 3,331 3,411 3,355 3,178 2,244
Capital Expenditures (CapEx)
175 154 151 112 78 75 81 70 59 42
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1,718 -756 88 -535 -283 227 86 -60 -76 -42
Debt-free Net Working Capital (DFNWC)
2,738 2,385 2,377 1,715 1,194 1,902 1,451 1,071 568 572
Net Working Capital (NWC)
-32 259 63 198 -12 156 -619 -546 -769 -303
Net Nonoperating Expense (NNE)
291 246 128 101 72 128 -3.28 -8.14 78 89
Net Nonoperating Obligations (NNO)
3,480 3,512 4,673 3,675 2,819 3,331 3,411 3,355 3,178 2,244
Total Depreciation and Amortization (D&A)
359 344 330 291 261 279 280 272 211 201
Debt-free, Cash-free Net Working Capital to Revenue
-43.23% -20.13% 2.56% -18.89% -11.84% 8.57% 3.55% -2.67% -4.14% -2.49%
Debt-free Net Working Capital to Revenue
68.89% 63.48% 69.35% 60.53% 49.97% 71.82% 59.64% 47.60% 31.01% 33.61%
Net Working Capital to Revenue
-0.81% 6.88% 1.83% 6.98% -0.50% 5.87% -25.45% -24.26% -41.97% -17.78%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$14.27 $13.42 $12.62 $10.23 $8.38 $10.36 $9.14 $8.12 $4.89 $3.94
Adjusted Weighted Average Basic Shares Outstanding
70.33M 73.16M 75.60M 82.06M 84.01M 86.40M 88.75M 91.13M 92.60M 92.02M
Adjusted Diluted Earnings per Share
$13.97 $13.20 $12.42 $9.99 $8.12 $9.94 $8.81 $7.91 $4.75 $3.85
Adjusted Weighted Average Diluted Shares Outstanding
71.85M 74.39M 76.86M 84.06M 86.72M 90.07M 92.15M 93.59M 95.21M 94.14M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
70.25M 71.85M 73.49M 155.77M 166.83M 85.43M 85.86M 89.81M 91.89M 92.62M
Normalized Net Operating Profit after Tax (NOPAT)
1,272 1,228 1,082 941 776 1,023 808 732 531 451
Normalized NOPAT Margin
32.01% 32.67% 31.58% 33.20% 32.48% 38.61% 33.21% 32.54% 28.97% 26.51%
Pre Tax Income Margin
34.85% 35.26% 37.22% 39.13% 36.94% 40.69% 45.00% 39.72% 35.10% 31.48%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
4.57 4.80 8.67 9.54 7.57 8.21 8.84 9.57 10.45 9.32
NOPAT to Interest Expense
3.34 3.52 6.50 7.24 5.98 6.82 5.75 6.63 7.38 6.33
EBIT Less CapEx to Interest Expense
4.12 4.36 7.76 8.68 6.96 7.71 8.26 8.94 9.63 8.73
NOPAT Less CapEx to Interest Expense
2.89 3.08 5.59 6.38 5.37 6.31 5.17 5.99 6.56 5.74
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
128.32% 69.95% 147.25% 161.49% 120.69% 77.64% 118.14% 54.36% 41.49% 0.00%

Quarterly Metrics And Ratios for Corpay

This table displays calculated financial ratios and metrics derived from Corpay's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - -
Revenue Growth
10.36% 6.01% 2.90% 3.76% 6.08% 8.72% 10.09% 14.20% 10.14% 18.20%
EBITDA Growth
12.78% 2.67% 2.94% 4.46% 9.73% 17.33% 11.84% 16.39% 11.73% 12.46%
EBIT Growth
13.30% 2.14% 3.32% 5.28% 13.67% 18.92% 13.13% 18.18% 10.08% 14.33%
NOPAT Growth
-4.66% 10.58% 7.74% 9.40% 16.30% 14.55% 7.16% 16.33% 10.51% 10.79%
Net Income Growth
-3.85% 1.76% 4.99% 6.97% 13.55% 9.08% -8.57% -1.43% 0.14% 6.36%
EPS Growth
-1.44% 7.14% 10.00% 8.33% 14.85% 10.64% -4.48% 4.73% 10.58% 17.50%
Operating Cash Flow Growth
-9.47% 40.30% 144.43% -60.10% 126.60% -28.00% 43.60% 881.86% -47.08% 63.21%
Free Cash Flow Firm Growth
-35.83% 647.51% 436.09% 4,672.90% 289.52% -551.35% 158.42% 103.28% -245.85% 110.72%
Invested Capital Growth
-2.48% -13.84% -11.11% -7.72% -5.83% 8.28% 1.29% 3.60% 10.29% 3.32%
Revenue Q/Q Growth
0.51% 5.48% 4.33% -0.22% -3.46% 2.40% 5.20% 2.01% -1.05% 3.68%
EBITDA Q/Q Growth
3.06% 8.61% 7.12% -5.93% -6.18% 8.88% 8.70% -1.18% 0.32% 3.79%
EBIT Q/Q Growth
2.97% 9.19% 8.79% -7.37% -7.17% 10.44% 10.85% 0.02% -2.88% 5.06%
NOPAT Q/Q Growth
-14.08% 10.62% 9.10% -8.07% -0.34% 7.77% 10.79% -2.27% -1.84% 0.82%
Net Income Q/Q Growth
-10.95% 9.77% 9.51% -10.18% -5.76% 13.26% 11.57% -4.65% -9.47% -5.07%
EPS Q/Q Growth
-12.05% 10.80% 12.82% -10.34% -4.40% 13.75% 11.11% -4.95% -7.90% -1.79%
Operating Cash Flow Q/Q Growth
61.85% -25.91% 54.47% -70.75% 150.81% 29.09% -74.79% 177.58% -20.31% 157.46%
Free Cash Flow Firm Q/Q Growth
-66.31% 25.77% 30.42% 16.11% 387.47% -223.15% 1,061.16% 104.61% -784.62% 115.94%
Invested Capital Q/Q Growth
0.40% 2.65% -5.12% -0.28% -11.29% 5.90% -1.51% 1.77% 2.01% -0.94%
Profitability Metrics
- - - - - - - - - -
Gross Margin
77.88% 78.27% 78.56% 77.82% 78.51% 78.55% 78.35% 77.26% 77.18% 77.23%
EBITDA Margin
55.75% 54.37% 52.81% 51.43% 54.55% 56.13% 52.79% 51.09% 52.74% 52.02%
Operating Margin
47.21% 45.49% 44.41% 42.48% 45.24% 45.83% 43.52% 41.63% 41.79% 43.58%
EBIT Margin
46.61% 45.50% 43.95% 42.15% 45.40% 47.22% 43.78% 41.54% 42.37% 43.17%
Profit (Net Income) Margin
23.78% 26.84% 25.79% 24.57% 27.30% 27.96% 25.28% 23.84% 25.50% 27.87%
Tax Burden Percent
63.51% 77.11% 75.30% 75.27% 76.72% 73.36% 73.40% 72.86% 75.75% 73.22%
Interest Burden Percent
80.34% 76.52% 77.93% 77.44% 78.37% 80.73% 78.68% 78.74% 79.45% 88.17%
Effective Tax Rate
36.49% 22.89% 24.70% 24.73% 23.28% 26.64% 26.60% 27.14% 24.25% 26.78%
Return on Invested Capital (ROIC)
17.76% 19.08% 18.70% 17.18% 18.62% 16.91% 16.12% 14.88% 15.77% 15.34%
ROIC Less NNEP Spread (ROIC-NNEP)
15.93% 16.98% 16.74% 15.44% 16.92% 15.74% 14.62% 13.52% 14.47% 14.49%
Return on Net Nonoperating Assets (RNNOA)
17.32% 22.24% 21.13% 19.92% 23.78% 28.13% 20.69% 20.20% 22.34% 22.85%
Return on Equity (ROE)
35.08% 41.31% 39.83% 37.09% 42.40% 45.04% 36.80% 35.08% 38.11% 38.19%
Cash Return on Invested Capital (CROIC)
21.81% 33.27% 30.45% 25.79% 23.54% 8.10% 14.59% 12.01% 5.94% 11.91%
Operating Return on Assets (OROA)
11.08% 10.72% 10.70% 10.51% 11.54% 11.76% 10.62% 10.21% 10.56% 10.34%
Return on Assets (ROA)
5.65% 6.33% 6.28% 6.13% 6.94% 6.96% 6.13% 5.86% 6.36% 6.67%
Return on Common Equity (ROCE)
34.95% 41.13% 39.66% 36.93% 42.40% 45.04% 36.80% 35.08% 38.11% 38.19%
Return on Equity Simple (ROE_SIMPLE)
0.00% 32.83% 36.67% 30.63% 0.00% 31.10% 28.46% 33.01% 0.00% 42.84%
Net Operating Profit after Tax (NOPAT)
310 361 326 299 325 326 303 273 280 285
NOPAT Margin
29.98% 35.07% 33.44% 31.98% 34.71% 33.62% 31.94% 30.33% 31.66% 31.91%
Net Nonoperating Expense Percent (NNEP)
1.84% 2.10% 1.96% 1.74% 1.70% 1.16% 1.50% 1.35% 1.30% 0.85%
Return On Investment Capital (ROIC_SIMPLE)
2.78% - - - 3.25% - - - 2.92% -
Cost of Revenue to Revenue
22.12% 21.73% 21.44% 22.18% 21.49% 21.45% 21.65% 22.74% 22.82% 22.77%
SG&A Expenses to Revenue
24.72% 24.08% 25.50% 26.24% 24.30% 24.08% 25.92% 26.21% 25.21% 25.01%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
30.67% 32.78% 34.15% 35.34% 33.27% 32.72% 34.83% 35.63% 35.39% 33.65%
Earnings before Interest and Taxes (EBIT)
482 468 429 394 426 458 415 374 374 385
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
577 560 515 481 511 545 501 460 466 465
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
7.56 7.03 6.81 6.81 6.22 6.17 5.68 5.38 5.33 5.93
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
5.94 5.60 4.90 5.85 5.43 5.10 5.11 4.38 3.95 3.95
Price to Earnings (P/E)
23.50 21.42 18.56 22.24 20.78 19.85 19.96 16.29 14.20 13.85
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
4.25% 4.67% 5.39% 4.50% 4.81% 5.04% 5.01% 6.14% 7.04% 7.22%
Enterprise Value to Invested Capital (EV/IC)
4.09 3.83 3.49 3.79 3.52 3.07 3.11 2.72 2.53 2.55
Enterprise Value to Revenue (EV/Rev)
6.82 6.52 5.88 6.78 6.36 6.34 6.21 5.64 5.32 5.40
Enterprise Value to EBITDA (EV/EBITDA)
12.71 12.23 10.95 12.61 11.86 11.91 11.90 10.85 10.27 10.47
Enterprise Value to EBIT (EV/EBIT)
15.28 14.73 13.16 15.17 14.29 14.48 14.53 13.29 12.62 12.82
Enterprise Value to NOPAT (EV/NOPAT)
20.92 19.28 17.60 20.50 19.48 19.86 19.73 17.80 16.84 17.10
Enterprise Value to Operating Cash Flow (EV/OCF)
13.96 12.59 11.87 16.33 11.38 13.81 12.42 11.44 24.14 17.43
Enterprise Value to Free Cash Flow (EV/FCFF)
18.51 10.66 10.80 14.11 14.51 39.37 21.46 23.04 44.56 21.80
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
2.54 2.49 2.64 2.06 2.05 2.28 2.07 2.36 2.77 3.24
Long-Term Debt to Equity
1.66 1.69 1.74 1.48 1.40 1.52 1.43 1.63 1.86 2.13
Financial Leverage
1.09 1.31 1.26 1.29 1.41 1.79 1.42 1.49 1.54 1.58
Leverage Ratio
5.20 5.33 5.20 4.93 5.08 5.63 5.02 4.98 5.08 5.17
Compound Leverage Factor
4.18 4.08 4.05 3.82 3.98 4.54 3.95 3.92 4.04 4.56
Debt to Total Capital
71.76% 71.37% 72.54% 67.33% 67.19% 69.53% 67.41% 70.23% 73.47% 76.43%
Short-Term Debt to Total Capital
24.86% 22.90% 24.89% 18.93% 21.26% 23.36% 20.69% 21.67% 24.16% 26.21%
Long-Term Debt to Total Capital
46.90% 48.47% 47.66% 48.40% 45.94% 46.18% 46.72% 48.56% 49.31% 50.22%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.21% 0.25% 0.25% 0.28% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
28.02% 28.38% 27.21% 32.39% 32.81% 30.47% 32.59% 29.77% 26.53% 23.57%
Debt to EBITDA
3.75 3.76 3.57 3.32 3.33 3.54 3.57 3.70 3.97 4.19
Net Debt to EBITDA
1.63 1.71 1.81 1.71 1.74 2.33 2.10 2.43 2.63 2.81
Long-Term Debt to EBITDA
2.45 2.55 2.35 2.39 2.28 2.35 2.47 2.56 2.66 2.75
Debt to NOPAT
6.17 5.92 5.74 5.40 5.48 5.91 5.92 6.06 6.50 6.84
Net Debt to NOPAT
2.69 2.70 2.92 2.79 2.86 3.89 3.48 3.98 4.32 4.59
Long-Term Debt to NOPAT
4.04 4.02 3.77 3.88 3.74 3.92 4.10 4.19 4.36 4.49
Altman Z-Score
1.98 1.94 1.92 2.16 2.10 2.01 2.01 1.85 1.76 1.64
Noncontrolling Interest Sharing Ratio
0.37% 0.44% 0.41% 0.45% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.00 1.05 1.02 1.07 1.04 1.02 1.08 1.03 1.01 0.99
Quick Ratio
0.57 0.63 0.66 0.74 0.71 0.76 0.77 0.79 0.79 0.75
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
479 1,421 1,130 866 746 -260 211 18 -394 57
Operating Cash Flow to CapEx
1,470.61% 875.50% 1,226.69% 850.11% 1,954.24% 747.12% 524.58% 2,389.05% 721.94% 967.65%
Free Cash Flow to Firm to Interest Expense
5.05 12.98 11.93 9.72 8.11 -2.94 2.38 0.23 -5.17 1.27
Operating Cash Flow to Interest Expense
6.84 3.66 5.71 3.93 7.78 3.24 2.50 11.00 4.16 8.74
Operating Cash Flow Less CapEx to Interest Expense
6.37 3.24 5.25 3.47 7.39 2.80 2.02 10.54 3.58 7.83
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.24 0.24 0.24 0.25 0.25 0.25 0.24 0.25 0.25 0.24
Accounts Receivable Turnover
1.16 0.97 1.01 1.02 1.10 0.96 0.93 0.96 1.09 0.98
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
11.03 10.95 11.12 11.45 11.78 12.29 12.30 12.53 12.91 13.57
Accounts Payable Turnover
0.54 0.45 0.46 0.44 0.51 0.46 0.44 0.41 0.51 0.43
Days Sales Outstanding (DSO)
316.00 376.76 359.81 358.60 331.24 380.27 390.42 381.27 333.52 372.89
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
671.01 806.74 791.28 833.95 710.93 798.77 827.17 886.69 710.06 849.78
Cash Conversion Cycle (CCC)
-355.01 -429.98 -431.48 -475.35 -379.68 -418.51 -436.76 -505.42 -376.55 -476.90
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
6,626 6,599 6,429 6,775 6,794 7,659 7,232 7,342 7,215 7,073
Invested Capital Turnover
0.59 0.54 0.56 0.54 0.54 0.50 0.50 0.49 0.50 0.48
Increase / (Decrease) in Invested Capital
-169 -1,060 -803 -567 -421 586 92 255 673 227
Enterprise Value (EV)
27,095 25,286 22,467 25,691 23,917 23,484 22,507 19,956 18,220 18,061
Market Capitalization
23,592 21,716 18,720 22,170 20,406 18,884 18,538 15,496 13,547 13,215
Book Value per Share
$44.79 $44.46 $39.15 $45.29 $45.46 $41.37 $44.20 $39.21 $34.46 $29.69
Tangible Book Value per Share
($75.64) ($71.91) ($67.63) ($61.97) ($61.61) ($63.00) ($58.47) ($63.90) ($64.96) ($66.80)
Total Capital
11,142 10,877 10,109 10,046 10,005 10,042 10,013 9,679 9,578 9,448
Total Debt
7,996 7,763 7,333 6,764 6,723 6,983 6,749 6,798 7,037 7,221
Total Long-Term Debt
5,226 5,272 4,818 4,863 4,596 4,637 4,678 4,701 4,723 4,745
Net Debt
3,480 3,543 3,722 3,493 3,512 4,600 3,969 4,461 4,673 4,846
Capital Expenditures (CapEx)
44 46 44 41 37 38 42 37 44 41
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1,718 -1,233 -898 -815 -756 152 -152 -17 88 123
Debt-free Net Working Capital (DFNWC)
2,738 2,922 2,649 2,388 2,385 2,468 2,559 2,252 2,377 2,424
Net Working Capital (NWC)
-32 431 133 486 259 122 488 155 63 -52
Net Nonoperating Expense (NNE)
64 85 75 69 69 55 63 59 54 36
Net Nonoperating Obligations (NNO)
3,480 3,485 3,653 3,493 3,512 4,600 3,969 4,461 4,673 4,846
Total Depreciation and Amortization (D&A)
95 91 86 87 86 87 85 86 92 79
Debt-free, Cash-free Net Working Capital to Revenue
-43.23% -31.79% -23.52% -21.49% -20.13% 4.11% -4.20% -0.48% 2.56% 3.68%
Debt-free Net Working Capital to Revenue
68.89% 75.37% 69.36% 62.98% 63.48% 66.63% 70.57% 63.64% 69.35% 72.45%
Net Working Capital to Revenue
-0.81% 11.12% 3.49% 12.83% 6.88% 3.29% 13.45% 4.39% 1.83% -1.56%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$3.50 $3.98 $3.59 $3.20 $3.55 $3.71 $3.24 $2.92 $3.06 $3.34
Adjusted Weighted Average Basic Shares Outstanding
70.33M 69.52M 70.11M 71.77M 73.16M 73.17M 73.89M 73.52M 75.60M 74.46M
Adjusted Diluted Earnings per Share
$3.43 $3.90 $3.52 $3.12 $3.48 $3.64 $3.20 $2.88 $3.03 $3.29
Adjusted Weighted Average Diluted Shares Outstanding
71.85M 70.90M 71.50M 73.55M 74.39M 74.60M 75.00M 74.48M 76.86M 75.56M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
70.25M 69.71M 69.43M 70.27M 71.85M 72.20M 73.96M 73.83M 73.49M 73.75M
Normalized Net Operating Profit after Tax (NOPAT)
310 361 326 299 325 326 303 273 280 285
Normalized NOPAT Margin
29.98% 35.07% 33.44% 31.98% 34.71% 33.62% 31.94% 30.33% 31.66% 31.91%
Pre Tax Income Margin
37.44% 34.81% 34.25% 32.64% 35.58% 38.12% 34.44% 32.71% 33.66% 38.06%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
5.08 4.28 4.53 4.43 4.62 5.19 4.69 4.69 4.92 8.49
NOPAT to Interest Expense
3.27 3.30 3.45 3.36 3.53 3.70 3.42 3.43 3.68 6.28
EBIT Less CapEx to Interest Expense
4.62 3.86 4.06 3.96 4.23 4.76 4.21 4.23 4.35 7.59
NOPAT Less CapEx to Interest Expense
2.81 2.88 2.98 2.89 3.14 3.26 2.95 2.97 3.10 5.37
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
128.32% 116.34% 160.78% 96.91% 69.95% 69.00% 66.96% 104.29% 147.25% 191.73%

Frequently Asked Questions About Corpay's Financials

When does Corpay's fiscal year end?

According to the most recent income statement we have on file, Corpay's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Corpay's net income changed over the last 9 years?

Corpay's net income appears to be on an upward trend, with a most recent value of $1.00 billion in 2024, rising from $362.43 million in 2015. The previous period was $981.89 million in 2023. View Corpay's forecast to see where analysts expect Corpay to go next.

What is Corpay's operating income?
Corpay's total operating income in 2024 was $1.79 billion, based on the following breakdown:
  • Total Gross Profit: $3.11 billion
  • Total Operating Expenses: $1.32 billion
How has Corpay revenue changed over the last 9 years?

Over the last 9 years, Corpay's total revenue changed from $1.70 billion in 2015 to $3.97 billion in 2024, a change of 133.4%.

How much debt does Corpay have?

Corpay's total liabilities were at $14.81 billion at the end of 2024, a 21.5% increase from 2023, and a 192.7% increase since 2015.

How much cash does Corpay have?

In the past 9 years, Corpay's cash and equivalents has ranged from $447.15 million in 2015 to $1.55 billion in 2024, and is currently $1.55 billion as of their latest financial filing in 2024.

How has Corpay's book value per share changed over the last 9 years?

Over the last 9 years, Corpay's book value per share changed from 30.71 in 2015 to 44.79 in 2024, a change of 45.9%.



This page (NYSE:CPAY) was last updated on 5/28/2025 by MarketBeat.com Staff
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