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Corpay CPAY Vehicle Payments — Acquisition Accounting Adjustments

Other segment segments

Corporate Payments
$1.72M+62.3%
Lodging Payments
$0
Other
$0

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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 / equity+0.6×
Current ratio-0.1×

Where this comes from

Reported directly by Corpay in its filing.

Tagged under the XBRL concept us-gaap:GoodwillPurchaseAccountingAdjustments.

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 vehicle payments — acquisition accounting adjustments?
Corpay (CPAY) reported vehicle payments — acquisition accounting adjustments of $14.5K in Q4 2025.
What is the long-term trend for Corpay's vehicle payments — acquisition accounting adjustments?
Over 3 years (2022 to 2025), Corpay's vehicle payments — acquisition accounting adjustments has grown at a -63.7% compound annual growth rate (CAGR), from $1.22M to $58K.
What does vehicle payments — acquisition accounting adjustments mean?
These are non-recurring adjustments made to financial statements to reflect the fair value of assets and liabilities acquired in a business combination. These adjustments often include changes to deferred revenue or inventory valuations required by purchase accounting standards. They help isolate the underlying operational performance from the accounting noise created by M&A activity.