Corpay Inc
NYSE: CPAY · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
Updated 2026-06-05
Corpay Inc (CPAY) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $3.93B | $8.52B | $7.89B | $9.63B | $11.32B | $11.20B | $12.25B | $11.19B | $13.40B | $14.09B | $15.48B | $17.96B | $26.41B |
| Cash & equivalents | $338.11M | $477.07M | $447.15M | $475.02M | $913.60M | $1.03B | $1.27B | $934.90M | $1.52B | $1.44B | $1.39B | $1.55B | $8.99B |
| Current assets | $1.35B | $2.14B | $1.94B | $2.53B | $3.55B | $3.88B | $4.62B | $3.96B | $5.49B | $6.11B | $7.08B | $8.68B | $13.95B |
| Total liabilities | $2.69B | $5.91B | $5.06B | $6.54B | $7.64B | $7.86B | $8.54B | $7.84B | $10.54B | $11.55B | $12.19B | $14.81B | $22.18B |
| Current liabilities | $1.91B | $2.90B | $2.25B | $3.30B | $4.10B | $4.50B | $4.46B | $3.97B | $5.29B | $6.04B | $6.83B | $8.71B | $14.30B |
| Long-term debt | — | — | — | — | — | — | — | $3.10B | $4.46B | $4.72B | $4.60B | $5.23B | $6.66B |
| Shareholder equity | $1.24B | $2.62B | $2.83B | $3.08B | $3.68B | $3.34B | $3.71B | $3.36B | $2.87B | $2.54B | $3.28B | $3.12B | $3.88B |
| Retained earnings | $1.04B | $1.40B | $1.77B | $2.22B | $2.96B | $3.82B | $4.71B | $5.42B | $6.26B | $7.21B | $8.19B | $9.20B | $10.26B |
| Accounts receivable | $573.35M | $673.80M | $638.95M | $1.20B | $1.42B | $1.43B | $1.57B | $1.37B | $1.79B | $2.06B | $2.16B | $2.09B | $3.99B |
| Inventory | $1.00 | $1.00 | — | — | $1.00 | $1.00 | — | $1.24B | $1.85B | $2.14B | $3.06B | — | — |
| Goodwill | $1.55B | $3.71B | $3.55B | $4.20B | $4.72B | $4.54B | $4.83B | $4.72B | $5.08B | $5.20B | $5.64B | $5.98B | $7.56B |
Frequently asked questions
What is Corpay Inc's revenue?
Corpay Inc's trailing twelve-month revenue is $4.78B, and consensus projects about $7.63B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is CPAY?
In its most recent fiscal year, CPAY ran a gross margin of 69.91%, an operating margin of 43.10%, and a net margin of 23.62%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does CPAY generate?
CPAY produced $1.30B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is CPAY's balance sheet healthy?
CPAY holds $8.99B in cash and equivalents against $6.66B in long-term debt, on $3.88B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.