What is Corpay's corporate payments — goodwill?

Corpay (CPAY) reported corporate payments — goodwill of $3.96B in Q4 2025.

How has Corpay's corporate payments — goodwill changed year-over-year?

Corpay's corporate payments — goodwill increased by 47.5% year-over-year, from $2.69B to $3.96B.

What does corporate payments — goodwill mean?

The premium paid over the fair value of net assets during the acquisition of businesses within the corporate payments segment. It represents the value of intangible factors like brand reputation, customer loyalty, and synergies.

Corpay CPAY Corporate Payments — Goodwill

Other segment segments

Vehicle Payments

$2.92B+11.3%

Lodging Payments

$419.67M+1.5%

Other

$258.79M+0.4%

Similar metrics at other companies

WEXCorporate Payments — Goodwill

$790.6M+3.3%

WEXCorporate Payments — Goodwill, Gross

$800.5M+3.2%

TFI

TFINPayments — Goodwill

$15.6M—

PARRCorporate and Other — Goodwill

$0—

NEWTPayments — Goodwill

$13.81M0.0%

CTB

CTBICorporate — Goodwill

$5M—

Other financials

Income statement

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Revenue$1.3B+25.4%

Operating income$636.2M+48.9%

Net income$350.1M+43.9%

EPS (diluted)$5.07+49.1%

Balance sheet

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Cash & equivalents$2.5B+63.2%

Total debt$10.4B+26.8%

Total equity$3.5B+1.6%

Total assets$26.7B+43.8%

Cash flow

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Operating cash flow-$56.6M+23.6%

CapEx$51.1M+14.1%

Free cash flow-$107.7M+9.4%

Valuation

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Market cap$21.78B+0.2%

Enterprise value$29.61B+6.8%

P/E18.5×-2.2×

P/S4.6×-0.7×

Profitability

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Operating margin46.1%+1.1pp

Net margin24.6%-0.6pp

FCF margin46.2%+0.8pp

Returns & leverage

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Return on equity33.8%+3.5pp

Debt / equity3×+0.6×

Current ratio1×-0.1×

Where this comes from

Reported directly by Corpay in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Corpay’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corpay's corporate payments — goodwill?: Corpay (CPAY) reported corporate payments — goodwill of $3.96B in Q4 2025.
How has Corpay's corporate payments — goodwill changed year-over-year?: Corpay's corporate payments — goodwill increased by 47.5% year-over-year, from $2.69B to $3.96B.
What does corporate payments — goodwill mean?: The premium paid over the fair value of net assets during the acquisition of businesses within the corporate payments segment. It represents the value of intangible factors like brand reputation, customer loyalty, and synergies.