Corpay, Inc. (formerly Fleetcor Technologies), 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.3 Its shares trade on NYSE under the symbol CPAY.1Wikipedia text CC BY-SA 4.0
Corpay, Inc. (formerly Fleetcor Technologies), 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.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue1112131410$4.5B in 2025+71% since 2019Operating income1112131410$2.0B in 2025+62% since 2019Net income1512131410$1.1B in 2025+20% since 2019
Revenue1617$1.3B in Q2 FY2026+6% since Q1 FY2026Operating income1617$472.3M in Q2 FY2026−26% since Q1 FY2026Net income1617$248.3M in Q2 FY2026−29% since Q1 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.10
Period ending
2025-12-31
2024-12-31
2023-12-31
Revenues, net
$4.5B
$4.0B
$3.8B
Processing
$969.2M
$869.1M
$819.9M
Selling
$479.0M
$380.9M
$340.2M
General and administrative
$733.0M
$616.9M
$603.4M
Depreciation and amortization
$393.3M
$351.1M
$336.6M
Goodwill impairment
$0
$90.0M
$0
Other operating, net
$2.1M
$789.0K
$753.0K
Gain on disposition, net
-$42.3M
-$121.3M
$0
Operating income
$2.0B
$1.8B
$1.7B
Other expense (income), net
$47.0M
$14.0M
-$16.7M
Interest expense, net
$403.8M
$383.0M
$348.6M
Loss on extinguishment of debt
$1.6M
$5.0M
$0
Total other expense, net
$452.4M
$402.0M
$331.9M
Income before income taxes
$1.5B
$1.4B
$1.3B
Provision for income taxes
$469.7M
$381.4M
$343.1M
Net income
$1.1B
$1.0B
$981.9M
Less: Net income (loss) attributable to noncontrolling interests
$2.1M
-$14.0K
$0
Net income attributable to Corpay
$1.1B
$1.0B
$981.9M
Basic earnings per share attributable to Corpay (in dollars per share)
$15.23
$14.27
$13.42
Diluted earnings per share attributable to Corpay (in dollars per share)
$15.03
$13.97
$13.20
Basic shares (in shares)
70.1M shares
70.3M shares
73.2M shares
Diluted shares (in shares)
71.1M shares
71.8M shares
74.4M shares
No quarter-by-quarter statement was filed.
Total assets181512131410$26.4B in 2025+116% since 2019Shareholders’ equity12131410$3.9B in 2025+5% since 2019Cash1815121410$2.4B in 2025+89% since 2019Long-term debt12131410$10.0B in 2025+67% since 2021
Total assets1617$28.2B in Q2 FY2026+7% since Q1 FY2025Shareholders’ equity1617$3.5B in Q2 FY2026−9% since Q1 FY2025Cash1617$3.2B in Q2 FY2026+31% since Q1 FY2025Long-term debt1617$10.6B in Q2 FY2026+6% since Q1 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.10
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$2.4B
$1.6B
$1.4B
Restricted cash
$6.6B
$2.9B
Accounts and other receivables (less allowance for credit losses of $170,957 at December 31, 2025 and $133,757 at December 31, 2024)
$2.1B
$2.1B
Securitized accounts receivablerestricted for securitization investors
$1.8B
$1.3B
Prepaid expenses and other current assets
$1.0B
$806.0M
Total current assets
$14.0B
$8.7B
Property and equipment, net
$472.3M
$377.7M
Goodwill
$7.6B
$6.0B
$5.6B
Other intangibles, net
$3.2B
$2.4B
Investments
$601.9M
$60.1M
Other assets
$568.1M
$448.3M
Total assets
$26.4B
$18.0B
Accounts payable
$1.6B
$1.6B
Accrued expenses
$606.6M
$444.9M
Customer deposits
$8.1B
$3.3B
Securitization facility
$1.8B
$1.3B
Current portion of notes payable and lines of credit
$1.5B
$1.4B
Other current liabilities
$661.4M
$656.4M
Total current liabilities
$14.3B
$8.7B
Notes payable and other obligations, less current portion
$6.7B
$5.2B
Deferred income taxes
$614.3M
$439.2M
Other noncurrent liabilities
$612.3M
$437.9M
Total noncurrent liabilities
$7.9B
$6.1B
Redeemable noncontrolling interest (Note 2)
$302.0M
$0
Common stock, $0.001 par value; $475,000,000 shares authorized; 132,186,610 shares issued and 68,362,289 shares outstanding at December 31, 2025; and 131,425,669 shares issued and 70,170,016 shares outstanding at December 31, 2024
$132.0K
$131.0K
Additional paid-in capital
$4.0B
$3.8B
Retained earnings
$10.3B
$9.2B
Accumulated other comprehensive loss
-$1.4B
-$1.7B
Less treasury stock (63,824,321 shares and 61,255,653 shares at December 31, 2025 and 2024, respectively)
-$9.0B
-$8.2B
Total Corpay stockholders equity
$3.9B
$3.1B
Noncontrolling interest
$42.8M
$23.6M
Total equity
$3.9B
$3.1B
$3.3B
$2.5B
Total liabilities, redeemable noncontrolling interest and equity
$26.4B
$18.0B
Accounts receivable, allowance for credit losses
$171.0M
$133.8M
$180.2M
$149.8M
Common stock, par value (in dollars per share)
$0.00
$0.00
Common stock, shares authorized (in shares)
475.0M shares
475.0M shares
Common stock, shares issued (in shares)
132.2M shares
131.4M shares
Common stock, shares outstanding (in shares)
68.4M shares
70.2M shares
Treasury stock (in shares)
63.8M shares
61.3M shares
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$2.4B
$1.6B
$1.4B
Restricted cash
$6.6B
$2.9B
Accounts and other receivables (less allowance for credit losses of $170,957 at December 31, 2025 and $133,757 at December 31, 2024)
$2.1B
$2.1B
Securitized accounts receivablerestricted for securitization investors
$1.8B
$1.3B
Prepaid expenses and other current assets
$1.0B
$806.0M
Total current assets
$14.0B
$8.7B
Property and equipment, net
$472.3M
$377.7M
Goodwill
$7.6B
$6.0B
$5.6B
Other intangibles, net
$3.2B
$2.4B
Investments
$601.9M
$60.1M
Other assets
$568.1M
$448.3M
Total assets
$26.4B
$18.0B
Accounts payable
$1.6B
$1.6B
Accrued expenses
$606.6M
$444.9M
Customer deposits
$8.1B
$3.3B
Securitization facility
$1.8B
$1.3B
Current portion of notes payable and lines of credit
$1.5B
$1.4B
Other current liabilities
$661.4M
$656.4M
Total current liabilities
$14.3B
$8.7B
Notes payable and other obligations, less current portion
$6.7B
$5.2B
Deferred income taxes
$614.3M
$439.2M
Other noncurrent liabilities
$612.3M
$437.9M
Total noncurrent liabilities
$7.9B
$6.1B
Redeemable noncontrolling interest (Note 2)
$302.0M
$0
Common stock, $0.001 par value; $475,000,000 shares authorized; 132,186,610 shares issued and 68,362,289 shares outstanding at December 31, 2025; and 131,425,669 shares issued and 70,170,016 shares outstanding at December 31, 2024
$132.0K
$131.0K
Additional paid-in capital
$4.0B
$3.8B
Retained earnings
$10.3B
$9.2B
Accumulated other comprehensive loss
-$1.4B
-$1.7B
Less treasury stock (63,824,321 shares and 61,255,653 shares at December 31, 2025 and 2024, respectively)
-$9.0B
-$8.2B
Total Corpay stockholders equity
$3.9B
$3.1B
Noncontrolling interest
$42.8M
$23.6M
Total equity
$3.9B
$3.1B
$3.3B
$2.5B
Total liabilities, redeemable noncontrolling interest and equity
$26.4B
$18.0B
Accounts receivable, allowance for credit losses
$171.0M
$133.8M
$180.2M
$149.8M
Common stock, par value (in dollars per share)
$0.00
$0.00
Common stock, shares authorized (in shares)
475.0M shares
475.0M shares
Common stock, shares issued (in shares)
132.2M shares
131.4M shares
Common stock, shares outstanding (in shares)
68.4M shares
70.2M shares
Treasury stock (in shares)
63.8M shares
61.3M shares
Cash from operations1512131410$1.5B in 2025+29% since 2019Capital spending1112131410$200.8M in 2025+167% since 2019Free cash flow1512131410$1.3B in 2025+20% since 2019Share buybacks1512131410$782.8M in 2025+13% since 2019
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.10
Period ending
2025-12-31
2024-12-31
2023-12-31
Net income
$1.1B
$1.0B
$981.9M
Depreciation
$131.2M
$120.1M
$110.0M
Stock-based compensation
$102.6M
$116.7M
$116.1M
Provision for credit losses on accounts and other receivables
$122.6M
$103.1M
$125.2M
Amortization of deferred financing costs and discounts
$21.1M
$8.0M
$7.2M
Amortization of intangible assets and premium on receivables
$262.1M
$231.0M
$226.6M
Deferred income taxes
-$27.9M
-$64.7M
-$46.7M
Loss on extinguishment of debt
$1.6M
$5.0M
$0
Goodwill impairment
$0
$90.0M
$0
Gain on disposition of business
-$42.3M
-$121.3M
-$13.7M
Other non-cash operating expense, net
$19.3M
$1.0M
$637.0K
Accounts and other receivables
-$499.2M
-$176.9M
-$210.3M
Prepaid expenses and other current assets
-$101.0M
$9.2M
$69.3M
Derivative assets and liabilities, net
-$74.2M
-$15.4M
-$33.3M
Other assets
$13.0M
-$32.2M
$54.2M
Accounts payable, accrued expenses and customer deposits
$499.0M
$663.2M
$714.0M
Net cash provided by operating activities
$1.5B
$1.9B
$2.1B
Acquisitions, net of cash acquired
$1.9B
-$821.9M
-$428.3M
Purchases of property and equipment
-$200.8M
-$175.2M
-$153.8M
Investment in equity method investment
-$578.4M
$0
$0
Proceeds from disposal of a business, net of cash disposed
$58.2M
$185.5M
$197.0M
Other
$14.6M
$4.1M
$4.4M
Net cash provided by (used in) investing activities
$1.2B
-$807.5M
-$380.7M
Proceeds from issuance of common stock
$67.8M
$428.2M
$113.7M
Repurchase of common stock
-$782.8M
-$1.3B
-$686.9M
Proceeds from redeemable noncontrolling interest
$300.0M
$0
$0
Borrowings on securitization facility, net
$500.0M
$16.0M
$20.0M
Deferred financing costs
-$38.8M
-$8.5M
-$376.0K
Proceeds from notes payable
$1.6B
$825.0M
$0
Principal payments on notes payable
-$197.1M
-$140.1M
-$94.0M
Borrowings from revolver
$12.1B
$10.0B
$8.7B
Payments on revolver
-$12.1B
-$9.3B
-$9.1B
Borrowing (payments) on swing line of credit, net
$692.0K
-$140.7M
$135.6M
Other
-$928.0K
$2.0M
-$2.3M
Net cash provided by (used in) financing activities
$1.6B
$405.0M
-$898.2M
Effect of foreign currency exchange rates on cash
$246.6M
-$223.3M
$30.2M
Net increase in cash and cash equivalents and restricted cash
Corpay sits at the top of its group. 191 entities, 35 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Corpay
JPMorgan ChaseFiled SCHEDULE 13G/A on Corpay, latest Oct 15, 2026 (4 filings since Jan 8, 2024)
Alpha FX Australia PTY Ltd. Subsidiary · Australia
Alpha FX Europe Ltd. Subsidiary · Malta
Alpha FX Institutional Limited Subsidiary · United Kingdom
Alpha FX Limited Subsidiary · United Kingdom
Alpha FX Netherlands Limited Subsidiary · United Kingdom
and 164 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Corpay reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
The predecessor of the company was founded in 1986.
In August 2000, Ronald F. Clarke was named CEO; at that time, the company was a provider of fuel cards to businesses and its estimated annual revenues were $25 million.
In November 2019, the company moved its headquarters to Terminus 100.
In October 2023, due to the Russian invasion of Ukraine, the company sold its businesses in Russia for $197 million; it had been criticized for not selling the interests earlier.
In 2019, the Federal Trade Commission sued the company for obscuring fees and misleading consumers about fuel card discounts; in 2023 it received an injunction against the company preventing it from continuing the practice.
In March 2024, the company changed its name to Corpay.
Financing
In June 2002, Summit Partners invested $45 million in the company.
In July 2005, Bain Capital invested $75 million in the company.
Read the full text
In November 2006, Advent invested $46 million in the company.
In December 2010, Fleetcor became a public company via an initial public offering, raising $335 million.
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
359 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 52 major events, 188 insider forms, 43 large holders, 55 other. The latest 20:
37 open-market trades by officers, directors and large owners since October 2021: 1 buys and 36 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
Year
Executive
Age
Salary
Total pay
2025
Alan KingGroup President, International Vehicle Payments
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
