What is Corpay's fleet — capex?

Corpay (CPAY) reported fleet — capex of $19.07M in Q4 2022.

How has Corpay's fleet — capex changed year-over-year?

Corpay's fleet — capex increased by 21.8% year-over-year, from $15.66M to $19.07M.

What does fleet — capex mean?

The amount of money spent on physical or digital assets for the fleet business.

Discontinued — last reported Q4 '22

Fleet — CapEx

Corpay Fleet — CapEx remained flat by 0.0% to $19.07M in Q4 2022 compared to the prior quarter. Year-over-year, this metric grew by 21.8%, from $15.66M to $19.07M.

Analysis

StatementSegment

CategoryCapital Allocation

SignalContext dependent

VolatilityModerate

First reportedQ1 2019

Last reportedQ4 2022Feb 28, 2023

Rolls up toPayments to Acquire Property, Plant, and Equipment

How to read this metric

Higher spending suggests investment in future growth or platform modernization, while lower spending may indicate a focus on cash preservation.

Detailed definition

This metric tracks the funds used by the Fleet segment to acquire, upgrade, and maintain physical assets such as technol...

Peer comparison

Comparable to CapEx metrics in technology and payment processing segments.

Metric ID: cpay_segment_fleet_capital_expenditures

Historical Data

2 years

	FY'21	FY'22
Value	$62.62M	$76.28M
YoY Change	—	+21.8%

Range$62.62M – $76.28M

Avg YoY Growth+21.8%

Median YoY Growth+21.8%

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Frequently Asked Questions

What is Corpay's fleet — capex?: Corpay (CPAY) reported fleet — capex of $19.07M in Q4 2022.
How has Corpay's fleet — capex changed year-over-year?: Corpay's fleet — capex increased by 21.8% year-over-year, from $15.66M to $19.07M.
What does fleet — capex mean?: The amount of money spent on physical or digital assets for the fleet business.