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Corpay Cash Flow Statement

Operating, investing, and financing cash movements

Corpay generated $1.8B in operating cash flow over the trailing twelve months. After $207.1M in capital expenditures, free cash flow was $1.6B. Free cash flow decreased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.1BNet Cash From Investing (TTM)$1.8BNet Cash From Financing (TTM)$1.1BCapital Expenditures (TTM)$207.1MDepreciation And Amortization Cf (TTM)$138.1MNet Change In Cash (TTM)$2.0B
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$22.9B
P/E Ratio19.49
ROE33.79%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$576.2M$153.7M$929K$0-$2.1B$0
Capital expenditures$44.1M$44.8M$52.6M$50.9M$52.4M$51.1M
Payment for (Proceeds from) Other Investing Activity-$5.6M-$14.6M——-$9.4M$0
Payments to Acquire Equity Method Investments$0$144.6M$144.6M$144.6M$144.6M—
Net cash from investing activities-$429.2M-$183.9M-$38.7M-$60.3M$1.5B$369.1M
Proceeds from sale of businesses—$0———$420.2M
Purchases of equity securities$0$144.6M$144.6M$144.6M$144.6M—

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of debt issuance costs$2.1M$2.3M$2.6M$10.4M$5.9M$3.7M
Change in accounts payable—$126.4M$945M—$8.1M$311.1M
Change in accounts receivable—$565.6M$174.7M$192.8M—$843.8M
Change in other assets-$62.1M$27.3M$7.9M$18.7M$47.2M-$39M
Other working capital changes-$456K$46K$8.7M-$11.8M-$16.1M-$24.4M
Deferred income taxes-$45.7M-$8M-$17.5M-$13M—$30.1M
Depreciation and amortization$31.2M$28.4M$29.8M$32.8M$40.2M$35.4M
Gain (loss) on sale of assets$121.3M$0———$121.4M
Impairment charges$22.5M——$0——
Loss on extinguishment of debt$0-$1.6M$0$0$0$0
Net cash from operating activities$648.7M-$74.2M$1.1B—$812.7M-$56.6M
Net income$246M$243.9M$284.1M$278.4M$265.6M$353.7M
Non-cash interest expense$2.1M$2.3M$2.6M$10.4M$5.9M$3.7M
Amortization Of Intangible Assets And Investment Income, Amortization Of Premium—$63.8M$61.6M$60.4M—$79.4M
Depreciation$31.2M$28.4M$29.8M$32.8M$40.2M$35.4M
Gain on sale of business and assets$121.3M$0———$121.4M
Increase Decrease In Derivative Assets And Liabilities$2.3M-$10.4M$54.2M$13.7M$16.7M$38M
Increase (Decrease) in Other Operating Assets$14.8M-$991K-$19.9M—-$1.3M$138K
Increase (Decrease) in Prepaid Expense and Other Assets-$62.1M$27.3M$7.9M$18.7M$47.2M-$39M
Other Noncash Income (Expense)-$456K$46K$8.7M-$11.8M-$16.1M-$24.4M
Accounts Receivable, Credit Loss Expense (Reversal)$21.6M$30.7M$31.5M$27.7M$32.8M$42.4M
Provision for credit losses$21.6M$30.7M$31.5M$27.7M$32.8M$42.4M
Stock-based compensation$36.1M$18.4M$28.9M$27.6M$27.8M$27.5M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contributions from noncontrolling interests$0$75M$75M$75M$75M—
Repayments of debt$47.4M$49.3M$49.3M$49.3M$49.3M$51.5M
Other, net—-$952K—-$397K-$198K$285K
Proceeds From Repayments Of Lines Of Credit$0$0$24M——$46.7M
Repayments Of Notes Payable$47.4M$49.3M$49.3M$49.3M$49.3M$51.5M
Net cash from financing activities$228.8M$142.3M$0-$180.6M$1.7B-$416.2M
Other financing activities—-$952K—-$397K-$198K$285K
Payment of debt issuance costs—$10.8M——$28M$349K
Proceeds from issuance of common stock$243.6M$32.1M$23.9M$7.1M$4.8M$11.7M
Repurchases of common stock$248.8M$58.7M$32.2M$191.7M$500.2M$786M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$604.6M-$118.9M$1.1B—$760.3M-$107.7M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$146.9M$42.9M$110.4M$2.9M$90.5M-$71.9M
Net increase (decrease) in cash$301.3M-$72.9M$1.1B—$4.1B-$175.6M
Borrowings from revolver—$2.5B$2B$1.9B—$3.2B
Borrowings from revolver$2.5B$3B$3B$3B$3B—
Payments On Revolver—$3.1B$2.2B$2B—$3.1B
Payments On Revolver$2.3B$3B$3B$3B$3B—
Proceeds From Notes Payable—$750M——$900M$0
Proceeds from (Repayments of) Secured Debt$9M$146M$170M$116M$68M$321M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$109.5M$114.7M$147.2M$119.4M$129.3M$102.8M
Interest paid$126.3M$119M$119.8M$118.6M$134M$136.3M
Income Taxes Paid, Net$109.5M$114.7M$147.2M$119.4M$129.3M$102.8M